Portefeuille d'ETF à dividendes mensuels — stratégie pour créer un flux de trésorerie mensuel

Résumé clé En 2026, un portefeuille à dividendes mensuels peut être construit autour de JEPI (dividende annuel de 7–9 %) et de SCHD (3,5–4,0 % plus croissance du dividende). Avec 100 M KRW investis, le flux de trésorerie mensuel attendu est d'environ 470 000–560 000 KRW après retenue fiscale coréenne. ## Comparaison des principaux ETF à dividendes mensuels ### Indicateurs clés (juin 2026) | ETF | Émetteur | Fréquence de distribution | Rendement | Stratégie | Ratio de frais |

A covered call strategy: → Sells call options on held stocks to collect option premiums → Trades upside price appreciation for consistent income → Outperforms plain ETFs in flat or declining markets → Lags in strong bull markets as NAV growth is capped JEPI: S&P500 stocks + ELN (equity-linked notes) for covered-call effect JEPQ: Nasdaq100 + covered calls — high yield in volatile markets QYLD: 100% covered calls on Nasdaq100 → highest yield, lowest NAV growth

|-----|-----------|------|
| JEPI | 40% | Flux de trésorerie mensuel |
| SCHD | 40% | Croissance du dividende + appréciation du capital |
| JEPQ | 20% | Renfort de rendement | ```
KRW 100M invested — estimated annual dividend income:
JEPI KRW 40M × 8% = KRW 3,200,000
SCHD KRW 40M × 3.7% = KRW 1,480,000
JEPQ KRW 20M × 10% = KRW 2,000,000
Total: KRW 6,680,000 ÷ 12 = KRW 556,667/month (pre-tax)
After 15.4% withholding: ≈ KRW 471,000/month

KRW 100M — estimated pre-tax monthly dividend: ~KRW 800,000 Warning: QYLD's NAV tends to erode over time — long-term principal loss is possible

Target: KRW 1,000,000/month (after tax)
Annual need (after tax): KRW 12,000,000
Gross equivalent (÷ 0.846 for 15.4% tax): KRW 14,185,000/year
Assumed dividend yield: 8% Required capital: KRW 14,185,000 ÷ 8% ≈ KRW 177,300,000

Advantages of Korean-listed ETFs: ① Invest in KRW — no forex conversion needed ② Simpler tax reporting vs. direct overseas investment ③ ISA and pension accounts offer significant tax savings Disadvantages: ① Slight premium/discount (NAV deviation) possible ② Still exposed to USD/KRW exchange rate fluctuations ③ Expense ratio may be marginally higher than the original ETF

|---------|-------------|--------------------------|
| Compte-titres ordinaire | Retenue à la source de 15,4 % | Illimité |
| ISA (type courtage) | 9,9 % sur les premiers 2 M KRW / 15,4 % au-delà | 20 M KRW/an |
| Fonds d'épargne retraite | 3,3–5,5 % au retrait | 6 M KRW/an |
| IRP | 3,3–5,5 % au retrait | 9 M KRW combinés | ```
Optimal allocation:
① ISA account: JEPI + JEPQ (high yield → maximize tax savings)
② Pension savings / IRP: SCHD (dividend growth, long holding period)
③ Regular account: remaining investment