The Harvest Report

December 2025

20 funds paid in December 2025. 10 raised their payouts and 7 cut versus November. Across the funds that publish a breakdown, an average of 60% of each payout was return of capital.

Biggest raise

NIHI +39.1%

MSCI EAFE High Income ETF

Biggest cut

TLTI −2.5%

Enhanced Income 20+ Year Treasury Bond ETF

Most return of capital

QQQI 100%

Nasdaq-100 High Income ETF

FundPaidPer sharevs. priorReturn of capital
BNDINEOS Enhanced Income Aggregate Bond ETF Dec 26 $0.2290 −0.5% 11%*
BTCIBitcoin High Income ETF Dec 26 $0.9967 −2.1% 44%
CSHINEOS Enhanced Income Cash Alternative ETF Dec 26 $0.1995 −2.4% 56%*
GPIQGoldman Sachs Nasdaq-100 Premium Income ETF Dec 5 $0.4652 −1.8% 96%*
GPIXGoldman Sachs S&P 500 Premium Income ETF Dec 5 $0.3741 −0.4% 90%*
HYBIEnhanced Income Credit Select ETF Dec 26 $0.3382 +0.2% 16%
IAUIGold High Income ETF Dec 26 $0.5975 +4.7% 91%*
IWMINEOS Russell 2000 High Income ETF Dec 26 $0.5991 +4.5% 82%
IYRIReal Estate High Income ETF Dec 26 $0.4399 −1.4% 22%
JEPIJPMorgan Equity Premium Income ETF Dec 3 $0.3706 +7.0% Not published
JEPQJPMorgan Nasdaq Equity Premium Income ETF Dec 3 $0.5532 +16.3% Not published
MLPIMLP High Income ETF Dec 26 $0.6524 — 77%
NEHIEthereum High Income ETF Dec 26 $1.4098 — 76%
NIHIMSCI EAFE High Income ETF Dec 26 $0.5615 +39.1% 0%*
NLSILong/Short Equity Income ETF Dec 26 $0.2371 — 24%
QQQHNasdaq-100 Hedged Equity Income ETF Dec 26 $0.4116 +1.3% 100%
QQQINasdaq-100 High Income ETF Dec 26 $0.6413 +1.7% 100%
SPYHS&P 500 Hedged Equity Income ETF Dec 26 $0.3613 +1.8% 96%*
SPYINEOS S&P 500 High Income ETF Dec 26 $0.5316 +1.9% 95%
TLTIEnhanced Income 20+ Year Treasury Bond ETF Dec 26 $0.2318 −2.5% 10%

Per-share totals paid during the month; “vs. prior” compares with the previous month’s total. * Estimated from the fund’s 19a-1 notice; final figures come from Form 8937 after the tax year. Data updated Sep 29, 2026, 3:56 AM ET. Not investment or tax advice.

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