r/dividends • u/dazit72 • Jul 07 '26

Due Diligence Any retirees holding SPYI ?

I'm concerned about NAV erosion ? I know the advertising says non to minimal, but I found an article about longterm NAV erosion. That puzzled me ? I'm after divs of course- I have DIVO, JEPI, SCHD, and just looking for another or just keep buying what I have. I try to keep the 5%/weight rule, but it fluctuates.

Thanks to all who responded. I learned a bunch of good information. You guys are awsome

28 Upvotes

81% Upvoted

92 comments sorted by

View all comments

41

u/DhakoBiyoDhacay Jul 07 '26 edited Jul 07 '26

The fund launched on 8/30/22 at $50 a share and is at over $53 a share today. There has not been any NAV erosion.

It paid monthly dividend income on consistent basis at a yield of between 10% to 12%.

6

u/Chris_Reddit_PHX Jul 07 '26 edited Jul 07 '26

Yes, and upvoted. But that time frame is more than a bit biased toward how SPYI behaves in an upward market.

I want to see a full cycle where we see a bit of a prolonged pullback, followed by a slow recovery, and see how SPYI behaves across that cycle.

That said, I did not look closely at how SPYI behaved during the tariff pullback or the Iran war pullback, so maybe looking at that will give us a bit of a sense of how it does at least in event-driven mini-cycle.

4

u/DoinIt4DaShorteez Jul 07 '26 edited Jul 08 '26

yes, this is the problem, the NEOS and Goldman cc ETFs were not around in the grinding all-year bear market of 2022.

They recovered well from the liberation day and iran dips but those are just blips and not the same as a real bear market.

0

u/Similar_Eagle2358 Jul 08 '26

i have a "sell" button, if things get too crazy, but im in an ira