Where do I find info on ETFs that have monthly or quarterly distributions?

dharm999

I currently have a Vanguard ISA, over £32k in value, and now I have stopped FT work am looking for regular income.  My thought are to transfer it to HL, to reduce costs, as the plan is to buy low cost distributing ETFs that pay out at least quarterly, preferably monthly, to supplement the other income I have.  

Thinking about it, it doesn’t have to be ETFs, but I chose them as they cost far less at HL.  I could be completely wrong and something else may well be a better option.  Where is the best place to find info on ETFs and how often they pay out income?  What do I need to look out for, as have never bought ETFs.

I don’t need to factor in capital appreciation as have other investments (SIPP) and cash holdings that will be used when necessary.

Thanks

Floyd_Pink

Just ETF's is a great resource. 

The Best ETFs For Global Dividend Stocks | How To Invest In Global Dividend Stocks

ETF's you are looking for will have names like, Dividend, Distribution and Income in their titles.

dharm999

Floyd_Pink said:

Just ETF's is a great resource. 

The Best ETFs For Global Dividend Stocks | How To Invest In Global Dividend Stocks

ETF's you are looking for will have names like, Dividend, Distribution and Income in their titles.

Is there a way to filter for those with monthly distributions?

ColdIron

VHYL (Vanguard Funds Plc FTSE All World High Dividend Yield UCITS ETF) is always popular. Quarterly

dharm999

ColdIron said:

VHYL (Vanguard Funds Plc FTSE All World High Dividend Yield UCITS ETF) is always popular. Quarterly

Do Vanguard do a monthly distribution one?

ColdIron

Quarterly distributions are the most common, if you restrict yourself to monthly ones you are fishing in a much smaller pool. A modest cash buffer solves most problems

wmb194

Monthly distributions are rare. However there are some monthly income 'strategic bond' OEICs which are usually mostly bonds plus some proportion of 'blue chip' dividend paying companies. Be aware that higher yields tend to correlate to larger holdings of junkier bonds. Fees will be higher than ETFs, though.

Invesco Monthly Income Plus used to be a popular one but there are others:

https://www.trustnet.com/factsheets/O/GUWX/invesco-monthly-income-plus-uk-z-inc

If you work down the list you can see many are named, 'monthly income':

https://www.trustnet.com/fund/price-performance/o/ia-unit-trusts-and-oeics?sector=O%3ASTERSRT&norisk=true&sortby=Yield&sortorder=desc&PageSize=25

kempiejon

Selecting and investment based on payment frequency has never been a priority for me. I do use the handy dividenddata as a starting point for further research. They have a helpful list of 30 odd monthlies.
https://www.dividenddata.co.uk/monthly-dividends.py

wmb194

A rare monthly distribution investment trust is LSE:SMIF TwentyFour Select Monthly Income. It's domiciled abroad in Guernsey so you don't have to pay stamp duty on purchase but as it's >60%* bonds distributions should probably be classed as foreign interest.

https://www.theaic.co.uk/companydata/twentyfour-select-monthly-income

* "interest from overseas unit trusts and other investment funds, including from reporting offshore funds (use the details on your unit trust or fund voucher) - where the offshore fund is more than 60% invested in interest bearing assets, any distribution that you receive, or that is reported to you, is treated as interest received"

https://assets.publishing.service.gov.uk/media/6602c49b65ca2f8e6b7da785/SA106_Notes-2024.pdf

wmb194

Dividend Data has a fairly short list of ETFs paying monthly:

https://www.dividenddata.co.uk/monthly-dividends.py

poseidon1

dharm999 said:

I currently have a Vanguard ISA, over £32k in value, and now I have stopped FT work am looking for regular income.  My thought are to transfer it to HL, to reduce costs, as the plan is to buy low cost distributing ETFs that pay out at least quarterly, preferably monthly, to supplement the other income I have.  

Thinking about it, it doesn’t have to be ETFs, but I chose them as they cost far less at HL.  I could be completely wrong and something else may well be a better option.  Where is the best place to find info on ETFs and how often they pay out income?  What do I need to look out for, as have never bought ETFs.

I don’t need to factor in capital appreciation as have other investments (SIPP) and cash holdings that will be used when necessary.

Thanks

Looking at the trustnet list supplied by wmb194, I hold substantial positions in Twenty-four Select monthly income, and Royal London Sterling Extra Yield Bond Y inc ( HL's version of this oeic) which pays quarterly.

These have been stalwarts income payers for my Isas over the past 7 years, whilst Twenty-four Select monthly is also held at Sipp level and will help support income drawdown cashflow in due course. Don't expect capital growth, but both have proven to be reliable in producing high annual income.