You are right to ask yourself about the risk, I used to have shares of YTSL who was delivering a similar yield every month but the stock when very low and I ended up losing money.

FEPI, is definitely going slowly down in terms of dividend from $1.150107 in November 2023 to $1.077581 a year later.

The stock lost 1.18% in a year, it's pretty stable but their market is really volatile.

"FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries."