High-yield-monthly dividend pay-etfs

Screening Filters

1. annual_dividend_yield: min 0

   • Purpose: Keep only ETFs that pay a dividend and expose their dividend yield.
   • Rationale: Since the user asked for high-yield dividend-paying ETFs, dividend yield is the core metric for identifying income-generating funds. Setting a minimum of 0 ensures the screen is focused on ETFs with dividend distributions, rather than non-dividend products.

2. expense_ratio: max 1.0

   • Purpose: Exclude ETFs with very high management fees.
   • Rationale: For income-focused ETFs, expenses matter because high fees can erode total returns and offset dividend income. A maximum expense ratio of 1.0% helps keep the screen oriented toward reasonably cost-efficient ETFs, which is especially important when searching for high-yield funds.

3. dividend_frequency: Monthly

   • Purpose: Select ETFs that distribute dividends every month.
   • Rationale: The user specifically asked for monthly dividend-paying ETFs. This filter directly matches that requirement and removes ETFs that pay quarterly, semiannually, or annually.

Why Results Match:

• The screen targets income-oriented ETFs by requiring dividend yield and monthly payouts.
• It narrows the universe to monthly dividend payers, which matches the user’s preference for regular cash flow.
• The expense ratio cap helps ensure the results are not only high-yielding, but also relatively efficient from a cost standpoint.
• Taken together, these filters are well suited to finding high-yield ETFs that pay dividends monthly and are practical for income investors.