📈 Stock Market 1d ago · Ryne Mauck

Forget the Headline Yield. This Nasdaq Income ETF Told the IRS Most of Your Payout Was Return of Capital

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The post Forget the Headline Yield. This Nasdaq Income ETF Told the IRS Most of Your Payout Was Return of Capital appeared first on 24/7 Wall St..
People buy the NEOS Nasdaq-100 High Income ETF (NASDAQ:QQQI) for monthly income. It holds Nasdaq-100 stocks and sells call options against them to generate premium. QQQI recently paid $0.6339 per share in September. Its tax filing tells the IRS most of its payouts are return of capital, not income. Four related funds merit comparison: NEOS’s SPY

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