ADX
Adams Diversified Equity Fund, Inc
stock NYSE Closed Ended Fund

Just look it up, please. Distributions mean nothing if the NAV goes down and "pays" your capital back to you. This site is of great help, it computes the totalreturn with distributions reinvested (and fees subtracted). So if you'd bought this fund at inception this is what you wold have gotten annualized which is a terrible deal.
Note that this return is inflation adjusted, sorry for not mentioning it, in nominal dollars it would be 7%, but a good fund like ADX did 17.45% in that period of time and SPY did 16.84%.
I'd move my money out of it if I were you, getting less than half of what the market does is horrific.

ADX catching up, huh? Cute. JEPQ's a fun little side quest.

NOW IS THE TIME
Dividend Kings,Aristocrats,Champions,Challengers, Stalwarts, and the like are beat down due to treasuries & high interest ratez- but those don't last long at a..
Research- Research--,,, and start buying. I'd recommend KMB,CLX, and GIS(General Mills) paid dividends over 127 years without Ever reducing it ? Just off the top my head, aka bond proxies.
Get into O & VICI(7%) while they're down for a few reits
Maybe ARCC & MAIN for your BDCs
Lastly I'd look at ADX
Use Limit Orders- GTC
good luck shopping-- if you can get a simple Roth fill it first then your brokerage. Fill your Roth max EVERY YEAR- I'm scrambling with Spousal Contributions cause I didn't take that advice when I worked

You aren’t wrong, per se. However the NEOS funds mentioned have only dealt with bulls. So NAV erosion is largely theoretical.
I believe there is potential to them as well as I own some QQQI and MLPI. But I also own some SCHD and ADX as well. I pay to cash and invest that generally into whatever currently may be down unless there is a compelling reason not to. Not saying this is the only way or even the best way to do it. But it works for me

Check ADX. It's been around since 1929. How did its dividends (typically 7-8%) hold up during market down turns? Also check ARCC and MAIN perhaps.

Yes … say you start with 1 million ..in each of schd and say Spyi …. Your Spyi will get you plus or minus $10,000 per month each month and after 9 or 10 years cost basis will be zero ie each monthly payment is 95% return of capital and is not taxable but it reduces your cost basis each month year by year…..your $10,000 is not guaranteed as the Spyi nav may decrease in bear markets….and or option volatility may decrease resulting in lesser income but your monthly income will probably never increase much and likely will diminish with time…….your 1 million will likely not grow much if at all …. After 10 years your schd 1 million will be about 2.5 million in a poor market environment…3.5 million in a good market and 6.5 million in a great bull run type market…plus if you were reinvesting those schd dividends all that time …your income after those 10 years would be about the same as Spyi ie $10,000 and that income would grow year in year out….taxed as qualified dividends…..your entire Spyi principal turns into 100% long term gains and your income from Spyi is now also taxed at long term gains ( not bad ) ,,,,but your schd principal is massively more and is only partly long term gains. Also after you nit zero cost basis there will be some complexity for you at tax time as neos will still show your income as return of capital on the 1099 tax form ..it is up to you to correct amend the numbers from roc to long term gains ie you just cannot use TurboTax and import the numbers like u normally do as the roc number is not roc any more ..you are responsible for correcting that in your tax returns…. I love the immediate tax free income from Spyi and those similar funds but everything resets in 10 years and that is not that long of a time period ….. I have sold my Spyi , gpix etc for the reasons stated above….as I do not absolutely need the income now….and after a few years I see my schd principal rising and my dividend income rising …this will be in perpetuity,,,whereas the Spyi funds pay the same every month and may suffer nav erosion in time and or reduced monthly payments……all I am saying is ou will fair much better if you can afford to go the schd route …u get income from day one which will keep you motivated and will be better off at the end of the day. The Spyi income is great, it is tax free and it is substantial and even when the roc runs out the taxes are at the lower rates,,,which is good….but the schd scenario is way better if you can be patient and go that route….instead of 100% schd you could do like me 50 50 schd ADX …which gives a great blended income and total return from day one and will out pace Spyi approach much faster than 10 years. …. You can run this through ai to confirm what I say…both approaches give great income but schd ADX seems much superior to me …all the best

Does it matter where you hold your ADX? I haven’t done too much research on it yet but I’ve seen its name floated a couple times lately, so now I’m curious 😅

50 50 schd and ADX ..unbeatable combo

I do not hold any SCHD. My largest holding is ADX.

JEPQ belong to a group of funds that are known as covered calls. They sell covered calls on a stock or index to generate thedividend. Covered calls are a form of investor insurance. But if the market crashes your monthly income could drop.
ONe possible solution is to use a dividned fund that doesn't use covered calls. Like EMO8% yield, ADX 8%, PEO 8%k, UTF 7%k, UTG 6.8% PFF 6% alll paypay qualified dividend which are tax efficient. Some tess tax efficient option that genrate ordinary dividends are CLOZ 8% PFFR 8%, PBDC 9%, ARDC 9%, SCYB 7%. You may want to look at Armchair income on youtube for more fund ideas. Now event though the funds don't sell covered calls they dividned can still drop.. All dividend income funds are dependent on the economy for their income. Anid if companes don't do well they will have to reduce the dividned. So you can look for funds that have a history of never reducing the yield UTF and UTG standout for this both are 20 years old and and did pay through the 2008 crash, the worst market year since the great depression.
Another solution is not to rely on onefund. Instead havmultipel funds and try and use funds that all invest your money differently. So you may want to do commuting like JEPQ, PBDC 9% yield, CLOZ 8%, UTF 7%, UTG 6.8%, PFF 6% These would provide you a lot of deversification that you don't get with JEPQ just JEPQ. So if one fund reduces its dividend you loose 1/6th of your inocme. Some people have there money spread out over 10 or more funds.
Another stratagy that can be used is to reinvest as much income as you can for to slowly increase your income. Or before retirment build up a dividned portfolio that produces more inocme than you need to cover living expenses. Say you liiving expenses are 5K a month and and you have income of 10K a month a income drop of 50% would still leave you with enough income to cover living expenses but you would excess money for travel or other fun things.