SPYI's marketed 12% yield is 95% return of capital year to date, meaning investors largely receive their own principal back, not earned income. SPY beat SPYI by 3 points year to date, and JEPI offers ...
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SPYI’s 12% yield was 95% return of capital year to date and that is the real story holders need to see
A 64-year-old retiree with $200,000 parked in SPYI is told to expect roughly $24,000 a year at the headline yield. The cash arrives every month, but the tax form at year-end tells a different story.
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