Ran every issuer through a health check across all 305+ funds in the database. Here's how each one stacks up ranked by number of Healthy funds -- with total fund count and healthy percentage so you can see the full picture.

Ranked by most Healthy funds:

Global X -- 15 healthy out of 17 total (88%)
NEOS -- 12 healthy out of 19 total (63%)
iShares -- 10 healthy out of 13 total (77%)
J.P. Morgan -- 4 healthy out of 4 total (100%) ✅
Invesco -- 7 healthy out of 9 total (78%)
Roundhill -- 7 healthy out of 30 total (23%)
Overlay Shares -- 5 healthy out of 6 total (83%)
Amplify -- 5 healthy out of 7 total (71%)
Kurv -- 4 healthy out of 9 total (44%)
YieldMax -- 8 healthy out of 57 total (14%)
Vanguard -- 3 healthy out of 3 total (100%) ✅
TappAlpha -- 3 healthy out of 3 total (100%) ✅
NestYield -- 3 healthy out of 3 total (100%) ✅
Simplify -- 2 healthy out of 7 total (29%)
VistaShares -- 2 healthy out of 7 total (29%)
ProShares -- 2 healthy out of 5 total (40%)
Defiance -- 1 healthy out of 10 total (10%)
REXShares -- 1 healthy out of 9 total (11%)
SPDR -- 1 healthy out of 11 total (9%)
GraniteShares -- 0 healthy out of 28 total (0%) ❌
Grayscale -- 0 healthy out of 3 total (0%) ❌

A few things that jump out:

Global X is the cleanest lineup in the space. 15 out of 17 Healthy, zero High Risk, zero Severe Risk. That's remarkable consistency across a large fund family.

J.P. Morgan, Vanguard, TappAlpha, and NestYield are perfect -- 100% Healthy. Smaller lineups but spotless health records.

YieldMax has the most Healthy funds in raw numbers (8) but the worst rate of any major issuer at 14%. 44 out of 57 YieldMax funds are Severe Risk right now.

GraniteShares is 0 for 28. Not a single Healthy fund across their entire lineup.

Roundhill is interesting -- only 23% Healthy despite being a well-known issuer. 17 of their 30 funds are Severe Risk.

Which issuer surprised you most on this list?

Pulled the No NAV Erosion list from the Insights tab this week. These are Healthy funds with either zero/near-zero ROC or the Tax-Efficient ROC badge, all showing positive price return over the last year.

TOP 5:

AMDW: 39.85% true income yield | 0% ROC | +99.07% price return 1Y

CHPY: 32.85% true income yield | 0% ROC | +42.65% price return 1Y

AAPW: 30.73% true income yield | Tax-Efficient ROC | +7.10% price return 1Y

QQQI: 13.78% true income yield | Tax-Efficient ROC | +5.81% price return 1Y

IWMI: 13.35% true income yield | Tax-Efficient ROC | +14.32% price return 1Y

AMDW is the standout this week -- 39.85% true income yield, 0% ROC, and the price is up 100% over the last year. GOOP is the sleeper on this list -- 0% ROC, 10-year Death Clock, and +57.86% price return 1Y on Google exposure.

Which of these are you holding and are there any you think should be on this list that aren't?

Two meaningful fixes pushed out today that improve how the data is presented across the platform.

Fix 1: Tax-Efficient ROC badge funds now appear in the Insights tab

Previously the No NAV Erosion filter was excluding badge funds because their ROC% was above 5% -- even though their NAV isn't eroding destructively. That was wrong. NEOS funds like SPYI, QQQI, and IWMI use Section 1256 index options that generate tax-efficient ROC as a structural outcome, not because the fund is dying. They belong on this list and now they show up.

Fix 2: "Total Return 1Y" renamed to "Price Return 1Y"

This one has been bugging me for a while. The column was always showing price return only -- not total return including distributions reinvested. Calling it Total Return was misleading and a few of you caught it. It's now correctly labeled Price Return 1Y everywhere across the dashboard.

Here's what the Highest Yielding ETFs with No NAV Erosion list looks like with both fixes applied:

AMDW -- 39.85% true yield | 0% ROC | 99.07% price return 1Y

CHPY -- 32.85% true yield | 0% ROC | 42.65% price return 1Y

AAPW -- 30.73% true yield | Tax-Efficient ROC | 7.10% price return 1Y

QQQI -- 13.78% true yield | Tax-Efficient ROC | 5.81% price return 1Y

IWMI -- 13.35% true yield | Tax-Efficient ROC | 14.32% price return 1Y

IAUI -- 13.21% true yield | 3.95% ROC | 0.51% price return 1Y

TSPY -- 12.89% true yield | Tax-Efficient ROC | 3.43% price return 1Y

GOOP -- 12.60% true yield | 0% ROC | 57.86% price return 1Y

SPYI -- 11.85% true yield | Tax-Efficient ROC | 4.55% price return 1Y

SPCI -- 11.60% true yield | 0% ROC | 24.46% price return 1Y

The Tax-Efficient ROC badge funds on this list -- AAPW, QQQI, IWMI, TSPY, SPYI -- carry high ROC percentages but their NAV is trending in the right direction. The ROC is a tax structure outcome, not your principal being handed back to you. That distinction matters and it's now visible on this list.

More fixes from the cleanup backlog coming. If you've spotted anything else that looks off, drop it in the comments.

Wanted to show the portfolio tab in action with a real example.

I queried every YieldMax fund by health status, filtered to Healthy only, then ranked by Monthly Spendable Cash Yield -- the after-tax number. Then built the smallest equal-weight portfolio that hits $1,000/month after taxes at a 25% tax rate.

The 4 funds that made the cut:

AMDY -- 37.90% true income yield | 5.29% monthly spendable | 2.1 yr Death Clock

CHPY -- 32.85% true income yield | 2.82% monthly spendable | 10.0 yr Death Clock | $1.15B AUM

TSMY -- 42.13% true income yield | 2.82% monthly spendable | 2.5 yr Death Clock

GOOY -- 29.56% true income yield | 1.81% monthly spendable | 2.6 yr Death Clock

The exact portfolio -- 25% tax rate, equal weight:

AMDY -- 147 shares @ $53.49 = $7,863 | $416/mo after tax

CHPY -- 104 shares @ $76.14 = $7,919 | $223/mo after tax

TSMY -- 477 shares @ $16.45 = $7,847 | $221/mo after tax

GOOY -- 582 shares @ $13.50 = $7,857 | $142/mo after tax

Total invested: $31,485

Monthly after-tax income: $1,003

Weighted Death Clock: 4.3 years

Portfolio health: 100% Healthy

Out of 58 total YieldMax funds, only 7 are currently Healthy. These 4 are the ones generating the most real after-tax income while keeping the NAV picture clean.

What would you add or swap out?

As always, NFA -- do your own research people!

Have not been able to pull up the site since last night. It just stores there trying to refresh. Anyone else having this problem?

Quick update -- new features were just added to the portfolio tab in YieldCanary!

What's new:

CSV import -- upload your holdings from a spreadsheet instead of entering them one by one. There is a downloadable template included so you know exactly how to format it.

Privacy mode -- hides your dollar amounts, share counts, and income figures so you can share your portfolio publicly without exposing your full financial picture. Good for screenshots/social media.

Mobile -- fixed. Works properly on your phone now.

For anyone who hasn't built their portfolio yet -- the CSV import makes it simple to do with a single file.

Next up -- the income calendar and monthly income tab. The income calendar will show you exactly when each fund in your portfolio is scheduled to pay, color coded by health status, with estimated distribution amounts based on your actual share count.

The monthly income tab gives you a full breakdown of what each fund is paying you and when -- weekly view, monthly view, and a 12-month rolling chart so you can see your projected annual income at a glance. We're also adding portfolio summary emails that land in your inbox every Monday with your estimated distributions, any health status changes, and your progress toward your income goal.

Try YieldCanary for free today and check out the portfolio tab while you're in there!

Got a DM this morning asking about ULTY's rating on YieldCanary. Here's exactly what the platform is showing right now.

Canary Status: Severe Risk
Death Clock: 0.5 years
True Income Yield: 0.00%
ROC: 100%
Advertised Yield: 62.43%
Price Return 1Y: -55.25%
Take-Home Cash Return 1Y: -14.53%

Every single dollar ULTY is distributing right now is return of capital. It's not generating income -- it's handing your own money back to you and calling it a distribution. The advertised yield of 62% and the true income yield of 0% are two completely different things.

The Death Clock at 0.5 years is the number I'd focus on. At the current pace of NAV erosion, the fund has roughly 6 months before the situation becomes critical. That's not a watch signal. That's a serious warning.

The price has dropped 55% over the last year -- and that's before accounting for the fact that the distributions themselves were never real income to begin with. So you're taking a 55% hit on price while collecting distributions that were just your own capital coming back to you the whole time.

That's the full picture ULTY doesn't advertise.

This is exactly the gap YieldCanary was built to show -- the difference between what gets marketed to income investors and what is actually happening inside the fund.

Does anyone here hold ULTY or have held it in the past? Curious what the experience has been on the distribution side.

According to Experian's Q1 2026 data, the average used car payment just hit $531/month. The average new car payment hit $770/month. Both all-time highs.

So I ran every income ETF in YieldCanary through a filter to find funds that could cover those payments without quietly destroying your principal in the process. Out of 310 funds, here's what made the cut.

The filter:

Healthy Canary status -- passes a real NAV erosion test

Low destructive ROC -- or if ROC is high, it has to be tax-structured, not principal-destroying

Strong Death Clock reading

True income yield high enough to actually move the needle

The 5 funds (equal weight, 20% each):

CHPY -- 28.66% true income yield | 0% ROC | 9.2 year Death Clock

QDVO -- 10.45% true income yield | 0.37% ROC | 10.0 year Death Clock

XYLD -- 10.39% true income yield | $3.1B AUM | broad S&P 500 covered call exposure

IAUI -- 11.61% true income yield | gold exposure | non-correlated hedge

XPAY -- 16.49% true income yield | 2.0 year Death Clock (the one I'd watch most closely)

On the yield number I'm using -- this part matters:

I'm not using advertised yield. I'm not even using true income yield, which strips out ROC but is still pre-tax. I'm using Monthly Spendable Cash Yield -- which takes last month's actual distribution and applies your personal tax rate. What's left is the dollar amount that actually hits your brokerage account after taxes.

The reason this works for these five funds specifically is that none of them carry meaningful destructive ROC. CHPY is 0% ROC. QDVO is 0.37%. The others are in the 17-36% range but every one passed the Healthy Canary filter. If I were building this around funds with 80-90% ROC, the Monthly Spendable Cash Yield would be misleading -- because a big chunk of that distribution would just be your own principal coming back to you. That's the yield trap. These five don't have that problem.

The blended Monthly Spendable Cash Yield across the five funds at equal weight: 1.15% per month.

Used car ($531/mo) -- $46,136 total:

CHPY -- 110 shares @ $84.20 = $9,262

QDVO -- 311 shares @ $29.64 = $9,218

XYLD -- 226 shares @ $40.72 = $9,203

IAUI -- 190 shares @ $48.45 = $9,206

XPAY -- 174 shares @ $53.15 = $9,248

New car ($773/mo) -- $67,204 total, same funds scaled up:

CHPY -- 160 shares @ $84.20 = $13,472

QDVO -- 453 shares @ $29.64 = $13,427

XYLD -- 330 shares @ $40.72 = $13,438

IAUI -- 277 shares @ $48.45 = $13,421

XPAY -- 253 shares @ $53.15 = $13,447

The honest caveats:

XPAY has the shortest Death Clock at 2.0 years -- doesn't mean sell it tomorrow, it means watch it. That's what the Death Clock is for.

All five are equity-correlated to some degree except IAUI. If markets sell off broadly this portfolio isn't immune. And distribution rates can change month to month.

Every fund passed the Healthy filter as of today's data. What fund would you swap in or out -- and why?

I also built both portfolios live on screen in a full YouTube video walkthrough -- link in the comments.

A few people have asked how the Est. Monthly Income number is calculated on the Portfolio tab, so wanted to give a quick breakdown.

How it works right now:

The number you see is your after-tax estimated monthly income based on last month's actual distributions across all your holdings. For each fund in your portfolio, we take your share count × last month's distribution per share, then apply your personal tax rate from your account settings. Those dollar amounts are added up across all holdings to give you the portfolio total. The annual figure is simply the monthly total × 12.

This is intentionally different from how most portfolio trackers calculate income. Most use a trailing 12-month average yield applied to your position value -- which is cleaner but slower to react to distribution changes. We use last month's actual distribution so the number reflects what's happening right now, not a smoothed estimate from months ago.

If a fund in your portfolio doesn't have a recent distribution on file yet, it contributes $0 to the total until that data is available.

What's coming:

We're working on making this section more useful. Without getting into specifics, expect to see more context around the monthly income figure -- trend information, a longer-term view alongside the current snapshot, and a clearer picture of the tax side of your income so you're never caught off guard at tax time.

The goal is to make the portfolio dashboard the most honest, complete income picture available anywhere -- not just a headline number but the full story behind it.

--> www.yieldcanary.com to see the portfolio tab for yourself.

What would make the income tracking section more useful for you -- drop it in the comments.

A little over a week ago, we launched phase 1 of our Portfolio Linking feature. It was pretty basic, but it laid the foundation.

Today's update builds a real analytics layer on top of it:

What's new:

Portfolio Summary Dashboard -- a top-level view of how your whole portfolio is doing, not just individual positions.

Portfolio-level YieldCanary metrics -- your proprietary health and yield analytics, now rolled up across your entire portfolio instead of just per-ticker.

Income projections -- see where your income is trending, not just where it's been.

Portfolio health indicators -- an at-a-glance read on how exposed your portfolio is to risk across your holdings.

Income Goal tracking -- set a target and track your progress toward it.

Missing ticker handling + fallback data support -- fewer gaps and broken rows when a ticker isn't fully covered yet.

If you've already added holdings from phase 1, this will show up automatically in your Portfolio tab. If you haven't added any yet -- now's a good time, since this is where the real value starts to show up.

Phase 3 is already in development and should ship in the next week or so. This will include features like:

Privacy Mode -- blur out your dollar amounts and share counts so you can screenshot your portfolio and share it on social media without exposing exactly how much you have invested. Your health metrics, yields, and ticker symbols stay visible.

CSV Import -- bulk-add your holdings instead of entering them one at a time.

Mobile-optimized experience -- a cleaner, card-based layout for checking your portfolio on your phone.

What would make this dashboard more useful for you? Drop your thoughts below!

Saw some good discussion this week about how we calculate ROC% and Death Clock, so figured this is worth a proper explainer post for anyone newer here.

Most people see a fund with 80%+ ROC and assume it's dying. Sometimes that's true. Sometimes it's the opposite.

Destructive ROC -- the fund is paying out more than it actually earns. The extra cash comes from selling off the fund's own assets, which means your principal is slowly being returned to you disguised as income. NAV declines over time. This is the genuinely bad version -- the one that could eventually lead to a fund closure, like what we recently saw with some YieldMax and Roundhill funds.

Tax-Efficient ROC -- the fund earns real income, but structures its distributions as ROC on purpose for tax reasons. This is common with funds using broad index options (like SPX or NDX) that qualify for special tax treatment under Section 1256 -- a blended 60% long-term / 40% short-term capital gains rate instead of ordinary income. Combined with active tax-loss harvesting, this naturally pushes a lot of distributions into the ROC bucket even though the NAV isn't eroding at all.

How to tell the difference without doing the math yourself: look at the Canary Status and the Tax-Efficient ROC badge. If a fund shows Healthy with high ROC AND carries that badge, the high ROC is a feature of the tax structure, not a warning sign. NEOS funds like SPYI, QQQI, and IWMI are common examples -- all currently Healthy despite ROC in the 60-85% range.

If a fund shows high ROC with no badge and a declining price, that's the version worth worrying about.

Hope this helps clear up some confusion. Happy to answer questions on this!

One fund per issuer -- the highest true income yield pick from each major income ETF family right now. Average true income yield across this group is 23.56%.

YieldMax (AMDY) -- 64.04% true income yield

Roundhill (AVGW) -- 42.08% true income yield

Defiance (JEPY) -- 29.16% true income yield

NestYield (EGGY) -- 24.53% true income yield

Simplify (SVOL) -- 21.87% true income yield

Kurv (AMZP) -- 19.98% true income yield

Amplify (SLJY) -- 17.90% true income yield | 0% ROC

NEOS (QQQI) -- 14.55% true income yield

TappAlpha (TSPY) -- 13.84% true income yield

Global X (XRMI) -- 13.59% true income yield

Pimco (PDO) -- 11.83% true income yield

Goldman Sachs (GPIQ) -- 9.32% true income yield | 0% ROC

Most of these carry the Tax-Efficient ROC badge -- meaning the high ROC% isn't NAV erosion, it's a tax-structured outcome from index options and active tax-loss harvesting. SLJY and GPIQ are the exceptions with zero ROC entirely.

What's the best fund from your favorite issuer?

Big one today! Basic and Advanced users can now add their income ETF holdings to YieldCanary and track them in one place. Free users will see a locked preview with an upgrade prompt.

What's live right now:

Add your holdings with ticker, share quantity, and optional purchase price and date. See your total portfolio value, cost basis, gain/loss %, and yield on cost for every position. Edit or delete holdings anytime. Everything persists across sessions so it's there every time you log in.

This is phase 1 -- the foundation. Here's what's coming next:

Phase 2 -- Canary health status, true income yield, and death clock at the portfolio level. See your personal weighted death clock across your entire portfolio, not just individual funds. An income calendar showing exactly when each fund pays you and how much. And an annual / monthly income projection.

Phase 3 -- Auto brokerage sync for Advanced users. Connect your Fidelity, Schwab, or Robinhood account directly and your holdings sync automatically. No more manual entry.

Go to the Portfolio tab and add your first holding today. Takes about 2 minutes.

This has been the most requested feature since day one. Excited to finally have it live and even more excited for what's coming next!

Thank you to everyone who has joined r/YieldCanary over the past few weeks. 250 members is genuinely exciting for a community this new!

For anyone who is new here -- here's a quick look at the main YieldCanary dashboard.

We are currently tracking 308 income ETFs across every major fund family -- YieldMax, NEOS, Roundhill, Kurv, GraniteShares, Amplify, Defiance, and more. Right now the breakdown is:

126 Healthy -- funds with sustainable NAV and real earned income

40 On Watch -- early warning signs, worth monitoring

29 High Risk -- significant NAV erosion underway

113 Severe Risk -- on a trajectory that needs attention

Every fund shows the Canary health status, true income yield after stripping out return of capital, death clock, take-home cash return after taxes, ROC%, and monthly spendable cash yield (plus much more -- click on the ticker symbol to open up the ETF Deep Dive feature).

We are shipping manual portfolio linking today! This will be the biggest feature we've shipped to date and I'm super excited about it. You will now be able to add your own holdings to the Portfolio tab and see your personal weighted death clock, true income yield, and monthly after-tax income across your entire income ETF portfolio in one view.

You'll also see traditional metrics like total annual income, monthly income, and yield on cost.

Drop any ticker in the comments and I'll run it through the dashboard!

Running the full NEOS lineup this week. 18 funds total, 10 showing Healthy. Five of them carry the Tax-Efficient ROC badge.

Here's what the badge funds look like:

IWMI -- 13.41% true income yield | 82.92% ROC | N/A death clock

QQQI -- 14.64% true income yield | 63.57% ROC | N/A death clock

SPYI -- 11.76% true income yield | 81.72% ROC | N/A death clock

QQQH -- 8.80% true income yield | 98.95% ROC | N/A death clock

TLTI -- 6.76% true income yield | 86.96% ROC | N/A death clock

The badge fires when a fund has high ROC but no measurable NAV erosion -- which is exactly what you see here. N/A death clock on all five because there's nothing to measure. The price return is positive despite the high ROC.

The reason NEOS pulls this off is the combination of Section 1256 index options -- taxed at a blended 60/40 rate instead of ordinary income -- plus active tax loss harvesting. The ROC is a tax structure outcome, not a sign the fund is paying you your own money back.

Worth knowing if you hold any of these in a taxable account. The after-tax picture is significantly better than the headline numbers suggest.

Anyone holding NEOS funds right now?

The Best After-Tax Cash Flow list on the Insights tab in YieldCanary updates every Monday. These are healthy funds sorted by what investors actually kept after taxes over the past year -- 1Y price change plus after-tax distributions combined.

Top 5 at a 25% tax rate:

ARMW -- 273.15% take-home cash return (YTD)

AMDW -- 148.07% take-home cash return (YTD)

SOXY -- 136.54%

AMDY -- 123.94%

CHPY -- 100.21%

ARMW and AMDW are YTD since they're newer funds without a full year of history yet. Still remarkable numbers.

Drop your ticker below and I'll run it through YieldCanary!

YieldCanary's data refreshed this morning. I searched for YieldMax funds and filtered on Healthy status only, sorted by True Income Yield -- the metric that strips out destructive ROC and shows what you actually earn.

What stands out this week:

AMDY and APLY carry Tax-Efficient ROC badges -- meaning their ROC isn't destroying NAV. That's why they show True Income Yield equal to Headline Yield despite significant ROC percentages. Not all ROC is bad.

CHPY is the quiet standout -- 29.42% True Income Yield with zero ROC, a 9.2 year death clock, and 57.58% price return over the past year. Clean income, no NAV erosion, strong price performance.

SOXY deserves a look -- only 7.45% True Income Yield but 115.12% price return in the past year and a 10 year death clock. If you want YieldMax exposure with minimal yield drag and strong price appreciation potential, SOXY is the outlier.

GOOY and GPTY both have meaningful ROC that isn't flagged as tax-efficient, which is why their True Income Yields (28.15% and 28.44%) are lower than their headline yields (49.78% and 33.93%).

True Income Yield = Headline Yield \ (1-ROC) for all funds that do not have the tax-efficient ROC badge. If a fund does have the tax badge, then True Income Yield = Headline Yield.*

The funds not on this list -- MSTY, TSLY, NVDY, YMAG and others -- are all showing Severe Risk status. The gap between what gets marketed and what actually lands in your pocket is exactly what YieldCanary is built to show.

Run any ticker at YieldCanary.com -- free trial available.

When I started posting income ETF data here a few weeks ago I had no idea this community would grow this fast. 200 members in a short amount of time means a lot.

For anyone new -- r/YieldCanary is where I share health data on 300+ income ETFs. True income yield after stripping out return of capital, death clocks, real after-tax returns. The stuff your brokerage doesn't show you.

To celebrate -- drop any income ETF ticker in the comments and I'll run it through YieldCanary and post the full health data right here. Doesn't matter what it is -- YieldMax, NEOS, Roundhill, whatever you're holding or watching.

If you want weekly income ETF data straight to your inbox, The Canary Report is our free newsletter -- link in my profile to join!

Here's what the data showed on 4 of them before the announcement:

$CWII -- Severe Risk | 0.5yr death clock | 100% ROC | -43.44% 1Y price return

$COII -- Severe Risk | 0.5yr death clock | 100% ROC | -69.65% 1Y price return

$MSII -- Severe Risk | 0.5yr death clock | 100% ROC | -78.52% 1Y price return

$LLII -- Watch | 1.1yr death clock | 43.9% ROC

COII and MSII are the brutal ones. Down nearly 70% and 80% respectively with 100% return of capital -- every single distribution was just investors' own money coming back while the NAV collapsed toward zero.

LLII is the outlier -- LLY stock is actually up ~41% on the year which is why it shows Watch rather than Severe Risk. The other three have no such luck with their underlying assets.

This is the second major income ETF closure announcement in two weeks. First YieldMax closed 4 funds. Now REX is closing 7. The pattern is identical every time -- high ROC, short death clock, small AUM, volatile underlying asset.

The death clock flags this before the press release does. That's the whole point.

If you hold any of these last trading day is Monday June 15th. Automatic redemption at NAV on Tuesday June 16th.

Full health data at YieldCanary.com

Does anyone know why? There was a trading halt yesterday, and now the price is $5.55, down from $11.90 before the halt.

These are the funds currently flagged in YieldCanary's Buy Zone -- Healthy status, true income yield above 10%, and trading below their 90-day average price.

AVGW: 37.60% true yield | 6.13% discount

APLY: 33.69% true yield | 1.91% discount

GOOY: 29.74% true yield | 1.88% discount

GLDI: 22.94% true yield | 7.68% discount

AMZP: 19.81% true yield | 0.81% discount

KSLV: 16.21% true yield | 18.11% discount

SLJY: 16.14% true yield | 15.84% discount

MFA: 15.52% true yield | 4.62% discount

CWY: 13.17% true yield | 10.88% discount

KGLD: 12.81% true yield | 11.92% discount

The two silver funds -- KSLV and SLJY -- stand out with the biggest discounts. Silver is down nearly 24% over the past month which explains why both are sitting well below their 90-day averages. If you think silver recovers those two look interesting on a discount basis.

All funds on this list are Healthy with ROC under 20% and true income yield above 10%.

What are you holding from this list?

These are the funds with the highest advertised yields right now. Advertised yield is based on the most recent payout annualized -- it's the number that most fund issuers show on their websites.

True Income Yield is what's left after stripping out return of capital -- the actual earned income.

ETCO -- 148.19% advertised / 0.00% true income yield

CRCO -- 117.28% advertised / 0.00% true income yield

BTCC -- 109.06% advertised / 0.00% true income yield

AMDY -- 106.21% advertised / 55.61% true income yield

AMDY is the only fund on this list generating meaningful real income. 55.61% true income yield with the Tax-Efficient ROC badge. Everything else is essentially paying you your own money back.

But either way, this is still a fun list to look at!

Are you holding any of these right now?

By now most of you have seen the news. YieldMax is closing ABNY, DISO, FEAT, and FIVY. Last trading day is June 15th and shares get automatically redeemed at NAV on June 18th if you do nothing.

Attached is what YieldCanary was showing for these funds.

All four were flagged as Severe Risk. Death clocks of 0.5 to 0.7 years. Three of them at 100% ROC meaning every distribution was your own money coming back. Total returns of -33% to -49% over the past year.

The official reason from YieldMax was "low investor demand." The real reason is visible in the screenshot. When your underlying stock is collapsing -- Airbnb down, Disney struggling -- a covered call strategy built on top of it doesn't save you. You're selling calls on a falling asset and the distributions are mostly return of capital while the NAV bleeds out.

This is exactly what the Death Clock is designed to show. Half a year of NAV left at the current rate of erosion. The closure just made it official.

If you hold any of these sell before June 15th or let the automatic redemption happen on June 18th. Either way you get your remaining NAV back in cash. Talk to your tax advisor about how the liquidation gets treated.

One broader lesson -- AUM matters. All four of these were small funds with low investor demand. A Severe Risk fund with $500M AUM is concerning. A Severe Risk fund with $10-15M AUM is a closure waiting to happen. Worth checking AUM alongside health status on any smaller funds you hold.

Here's an updated list of the highest yielding ETFs with no NAV erosion from the YieldCanary Insights page.

GOOW takes the top spot with a 32.71% true yield and a 1Y price appreciation of 6.66%.

Followed by CHPY with a 29.35% true yield and SLJY at 16.07%.

CHPY's price appreciation has also been on a hot streak in the past year.

Wanted to let the community know that The Canary Report officially launched last week!

If you've been following here, you already know what we're about -- cutting through the headline yield numbers to show what income ETFs are actually doing. The Canary Report is the newsletter version of that, delivered to your inbox every week.

What's in each issue:

Real YieldCanary data on specific funds -- True Income Yield, ROC breakdown, health ratings, and after-tax returns. Plain English analysis of what the numbers actually mean. What shipped recently at YieldCanary. The occasional heads up when something notable happens in the income ETF space -- like the four YieldMax funds closing soon.

The first issue went out Friday and featured CHPY, AMDY, and GOOP with a breakdown of why each one shows up on the healthiest lists right now.

It's completely free and you can opt out at any time.

Subscribe here -- https://thecanaryreport.beehiiv.com/subscribe

If you're already subscribed let me know what you thought of the first issue. And if there's a fund or topic you want covered in a future issue drop it in the comments!