Thanks for commenting, PJW! These are great questions and it really depends on the scenario. From what we've seen so far, the yield rarely changes but what does happen is the ETF's price drops along with its distributions which isn't desirable. Generally, dividend reinvesting is the solution. You can add more to your position and increase the amount you receive in dividends every month. You can also buy other dividend stocks that are more focused on growing their dividends. I will reiterate that the S&P 500 will outperform this portfolio over the long term, so income really has to be the priority when you're choosing to invest in covered call funds. Hope that helps!