Starting with this issue, The Yield Letter has two parts. Free subscribers receive the opening and the Yield Snapshot. Core and Premium subscribers receive the complete issue, including the full JEPQ deep dive, Strategy Corner, and What I'm Watching. Start your free 7-day trial to read everything today: Click here to read everything today.
In April my 37-ETF income portfolio paid me $4,167.34 in distributions. Not one share sold. Not one market timing decision made. Just 37 covered call ETF positions doing exactly what they're designed to do — generating monthly income like clockwork.
Welcome back to The Yield Letter. I'm Rose Bennett, and every week I document my real income portfolio in real time — exact numbers, exact positions, no theory.
In Issue #1 I introduced my portfolio and my three core holdings. This week I'm going deeper on the one you asked about most — JEPQ, the JPMorgan Nasdaq Equity Premium Income ETF and my single largest position by cost basis.
But first — your April Yield Snapshot.
THE YIELD SNAPSHOT — APRIL 2026
Last month’s income — the headline numbers
Here's what my 37-ETF portfolio paid me in April 2026:
$4,167.34 Total distributions April 2026 | 37 ETFs Active positions no changes this month | $438.56 Top 3 combined JEPQ + JEPI + QQQI |
My top 3 positions by cost basis — JEPQ, JEPI, and QQQI — generated a combined $438.56 in April. Here's the summary:
ETF | April income | Shares held |
JEPQ | $167.58 | 300 shares |
JEPI | $126.15 | 300 shares |
QQQI | $144.83 | 230 shares |
The remaining $3,728.78 came from my other 34 ETF positions — a diversified mix of covered call strategies, high-yield income funds, and dividend-focused ETFs that I'll be featuring in future issues.
Want the full JEPQ deep dive? Core subscribers get everything — how the equity-linked note structure actually works, the complete distribution history, the three risks I monitor every month, my exact position size, and my personal verdict on buying more at current prices.
→ Start your free 7-day trial: Click here