No excess reportable income?

kerrick

Most global equities ETFs have excess reportable income but the fund manager data shows there was none on either of these funds for the last 2 years. 

Xtrackers MSCI World UCITS ETF 1D (EUR) (XDWL) Income  

Xtrackers Stoxx Global Select Dividend 100 Swap UCITS ETF

Are the recent years probably just an exception, or is there some reason neither would have excess reportable income?

EthicsGradient

It's not unusual for an income ETF to have no excess reportable income - they've managed to distribute it all (I have one that has done so in more years than not). I'd guess the Stoxx one is an income fund too, with 'Dividend' in the name, so that could apply to both.

GeoffTF

Some of the Vanguard equity ETFs had no excess reportable income for some tax years. That means that they distributed all their reportable income for that year. I do not know why they do not always do that (for distributing ETFs).

kerrick

I wondered if the fact of being a Swap EFT be a factor?

GeoffTF

kerrick said:

I wondered if the fact of being a Swap EFT be a factor?

No. That should not matter.

kerrick

GeoffTF said:

kerrick said:

I wondered if the fact of being a Swap EFT be a factor?

No. That should not matter.

Could it not? If a Swap converts dividends to gains then I don't think that is ERI, and capital gains are only realized by the investor selling units.