ACYQ
FT Vest Autocallable Barrier & High Income ETF
stock NYSE ETF

SEC Yield does not include Options Premiums or the income that comes from auto-callable contracts, so any fund that focuses on these income strategies will have a very low SEC yield as only the interest they collect on thier treasuries will be counted. There is also constructive and destructive Return of Capital. I am not familiar with ACYQ to know which thier ROC is and can't speak to whether it is a good fund or not, but there are plenty of high yield income funds that are good and can provide cashflow during job insecurity and/or through retirement.
As for which matters more to me... for my retirement 401k it is Total Return, but for my income portfolio it is Cashflow with limited NAV Decay.

ACYQ shows why distribution rate and investment yield aren’t the same thing

SEC Yield does not include Options Premiums or the income that comes from auto-callable contracts, so any fund that focuses on these income strategies will have a very low SEC yield as only the interest they collect on thier treasuries will be counted. There is also constructive and destructive Return of Capital. I am not familiar with ACYQ to know which thier ROC is and can't speak to whether it is a good fund or not, but there are plenty of high yield income funds that are good and can provide cashflow during job insecurity and/or through retirement.
As for which matters more to me... for my retirement 401k it is Total Return, but for my income portfolio it is Cashflow with limited NAV Decay.

ACYQ shows why distribution rate and investment yield aren’t the same thing