Five ETFs offer retirees monthly income without capped gains from covered calls, relying on dividends, preferreds, and bonds.

Five ETFs provide monthly income for retirees without using covered calls, which limit stock gains. These ETFs—SPHD, DIV, PGX, IGIB, and TFLO—draw income from dividends, preferred stocks, and bonds, each with unique risks such as market volatility, interest rate sensitivity, and credit risk. Diversifying across these funds helps spread risk and maintain steady income. Retirees seeking monthly payouts with full upside potential may consider these options as alternatives to covered call strategies.

As of Nov 07, 2026 04:22 WIB, SPHD trades at USD 52.25 with a 1-day decline of 1.02%, while PGX is priced at USD 9.96, up slightly by 0.10%. On Pluang, SPHD shows a typical hold time of 131 days and a sell-heavy order activity at 64%, contrasting with PGX's 100% sell order activity and a shorter hold time of 99 days. These figures highlight current investor behavior toward these ETFs that provide monthly income without covered calls.