I noticed in my Form 1099 that all of SPY distributions are qualified dividends while approx 10% of IVV's distributions are ordinary (or non-qualified) dividends.
State Street (ssga.com) does not give a similar breakdown for SPLG (and only has three categories Distributions, ST CG, LT CG).
If you own any other SPX ETF (including SPLG), please share the qualified and ordinary (non-qualified) dividend breakdown you see in your Form 1099 or otherwise know about.
Thanks
Comments
SPY 100% (UIT, so cannot use many strategies)
ETFs can use strategies such as using futures to manage cash flows, securities lending, and that can lead to < 100% QDI.
SPLG 88.04% (calculated) (also by SSGA)
IVV 88.84%
VOO 95.90%
SSGA (Tax Document/Primary - download) https://www.ssga.com/us/en/intermediary/etfs/spdr-portfolio-sp-500-etf-splg
iShares https://www.ishares.com/us/literature/tax-information/2024-qdi-summary-stamped.pdf
Vanguard https://investor.vanguard.com/investor-resources-education/taxes/qdi-yearend-qualified-dividend-income?year=2024
Just an FYI -
VOO and SPY have similar AUM but VOO avg trading volume is about 1/8th that of SPY.
IVV and VOO each has AUM that is 10 times that of SPLG but the avg trading volume of SPLG is higher than that of VOO and IVV.
I wonder which of the last three produces worse price gaps during a market distress.