40K investment in higher-yield ETF nearing retirement?

Would be adding to a larger position in GPIQ (I already own 5k so would be adding 35K).  I like the fund's dynamic call strategy and (thus-far) stable NAV.  I also respect Goldman-Sachs so I don’t think they are a fly by-nighter in terms of their execution. I am about 3-4 years from retirement and want to invest in one dedicated dividend fund for possible supplemental income in retirement.  I have a growth-tilted portfolio of $530K, so this would become about 7.5% of my total portfolio and become my 3^rd biggest fund.  In order to generate the additional funds to get to 40K, I could see off some flat funds or portions of gaining funds where I see some overlap. I could also sell off my QQQM position to the tune of about 17k to help fund it if that somehow now becomes a bit redundant.

I would be putting GPIQ on drip for 3-4 years.  Yield at present is about 9.7% and the tax treatment has been favorable thus far.

Please let me know your thoughts if you’ve had a similar consideration. Thx