k_ETF_assetClass
Now I feel that expRatio is more reliable than div yield [non-standard calc]
— capital gain distribution .. a sister to dividend-from-asset distribution
The more common distro is the dividend-from-asset distro. The asset can be a dividend-stock or a bond or another “productive” asset.
The less common distribution is capital-gain distribution.
https://www.poems.com.sg/glossary/investment/capital-gains-distribution/ and https://www.investopedia.com/terms/c/capitalgainsdistribution.asp explain that a fund is required to pay out proceeds from the fund’s sales of stocks and other assets from within its portfolio.
— Partly based on https://www.schwabassetmanagement.com/content/evaluating-etf-yield
Investors may be surprised on the next distribution date that the yield has “decreased” due to circumstances unrelated to investment income from the ETF’s underlying security holdings. This may stem from the yield calculation being used or other variables affecting the yield expression.
The 30-day SEC yield is based on a standardized calculation, while trailing twelve-month distribution yields (TTM) may be calculated differently depending on the fund issuer or data provider.
Warning .. some issuers exclude all capital gains when calculating distribution yield (TTM), but other issuers or data providers may include capital gains in their yield calculation.
https://www.etftrends.com/monthly-income-channel/etf-yield-advisors-guide/ points out .. Many issuers use an alternate method to calculate TTM: multiply the most recent distribution by 12 and then divide by the NAV. It’s a faster method but can lead to inaccuracies and distortions, particularly if the most recent distribution is smaller or larger than the average.
Warning .. A distribution within the last 12M can be a non-recurring payout like a special dividend. Some distributions are irregular.
Warning .. The most recent NAV used to calculate distribution yield may not be representative of the average NAV in the last year.
— For VettaFi sites, the TTM calc is … https://www.etftrends.com/monthly-income-channel/etf-yield-advisors-guide/