6 High-Yield Monthly Pay ETFs to Buy and Hold for a Decade

These six top exchange-traded funds have monthly high-yield dividend payouts and reasonable expense ratios, and they trade at a discount to net asset value.

Published October 11, 2025, 9:44am ET · 4 min read

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Many investors in 2025 need dependable passive income, and one outstanding way to achieve this is to invest in exchange-traded funds (ETFs). Unlike open-end mutual funds, ETFs trade on major exchanges like stocks. They own financial assets, including stocks, bonds, currencies, debt, futures contracts, and commodities such as gold bars. The more passive income can help cover rising costs, such as mortgages, insurance, taxes, and other expenses, the easier it is for investors to set aside money for future needs as they prepare for or begin retirement. Dependable recurring monthly dividends from quality, high-yield ETFs are a recipe for success.

One significant advantage of owning ETFs is that they can be sold any time the markets are trading. We screened our 24/7 Wall St. ETF research database and found six top funds that have these qualities:

  • High dividend monthly payout
  • Trades at a discount to net asset value
  • Major Wall Street firms manage them
  • Reasonable expense ratio

Why do we cover ultra-high-yield monthly pay ETFs

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While not suited for everybody, those trying to build strong passive income streams can do exceptionally well with some of these top companies in their portfolios. Paired with more conservative blue-chip dividend giants, investors can employ a barbell approach to generate substantial passive income streams.

JPMorgan Equity Premium Income

This massive fund has raised billions since its inception in 2020 and is managed by top portfolio managers at JPMorgan. The JPMorgan Equity Premium Income (NYSEArca: JEPI) fund seeks to achieve this objective by:

  • Creating an actively managed portfolio of equity securities significantly comprised of those included in the fund’s primary benchmark, the Standard & Poor’s 500 Total Return Index (S&P 500 Index)
  • Utilizing equity-linked notes (ELNs), selling call options with exposure to the S&P 500 Index

> Dividend yield = 8.42% paid monthly
> NAV = $56.83
> Expense ratio = 0.35%

JPMorgan Nasdaq Equity Premium Income ETF

This is another immensely popular JPMorgan fund that offers a higher yield with more exposure to technology. Up almost 15% since its inception and paying a substantial monthly dividend, JPMorgan Nasdaq Equity Premium Income ETF (NYSEArca: JEPQ) is a great option for those with a higher risk tolerance. The fund seeks to achieve this objective by:

  • Creating an actively managed portfolio of equity securities comprised significantly of those included in the fund’s primary benchmark, the Nasdaq-100 Index
  • Through equity-linked notes (ELNs), selling call options with exposure to the Benchmark. It is non-diversified

> Dividend yield = 11.13% paid monthly
> NAV = $57.28
> Expense ratio = 0.35%

Global X U.S. Preferred ETF

This fund focuses on preferred stocks of top U.S. companies. Global X U.S. Preferred ETF (NYSEArca: PFFD) invests at least 80% of its assets in the securities of its underlying index. It supports at least 80% of its assets in preferred domestic securities, principally traded in or whose revenues are primarily from the U.S. The underlying index tracks the broad-based performance of the U.S. chosen securities market.

> Dividend yield = 6.33% paid monthly
> NAV = $19.52
> Expense ratio = 0.23%

Global X SuperDividend REIT ETF

Global X SuperDividend REIT ETF (NASDAQ: SRET) offers investors exposure to the real estate sector. At least 80% of its total assets are invested in the securities of the underlying index, and American depositary receipts and global depositary receipts are based on these securities. The underlying index tracks the performance of REITs that rank among the highest-yielding REITs globally.

> Dividend yield = 8.20% paid monthly
> NAV = $21.76
> Expense ratio = 0.58%

iShares National Muni Bond ETF

While yielding much less, iShares National Muni Bond ETF (NYSEArca: MUB) is an ideal fund for investors seeking tax-free income. The underlying index includes municipal bonds, the interest of which is exempt from federal income taxes and not subject to the alternative minimum tax.

> Dividend yield = 3.13% paid monthly
> NAV = $106.15
> Expense ratio = 0.05%

Global X NASDAQ 100 Covered Call ETF

With a massive dividend paid each month, Global X NASDAQ 100 Covered Call ETF (NASDAQ: QYLD) aims to deliver investment results that generally correspond to the price and yield performance of the CBOE NASDAQ-100 BuyWrite Index. The fund will invest at least 80% of its total assets in common stocks included in the Index. It employs a replication strategy to track the index.

> Dividend yield = 11.14% paid monthly
> NAV = $17.05
> Expense ratio = 0.60%

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Lee Jackson

Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad, diverse career, including a stint as creative services director at an NBC affiliate in Austin, Texas, gives him unique insight into the financial industry.

Lee Jackson's journey in the financial industry spans more than 30 years, including nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career spanned pivotal sell-side Wall Street events, from the dot-com rise and bubble to the Long-Term Capital Management debacle, 9/11, and the Great Recession of 2008. This reflects his resilience and adaptability amid market volatility.

Lee Jackson’s practical financial industry experience, gained through a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing across various platforms. This unique combination allows him to shed light on the intricacies of Wall Street in a way only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.

Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.

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