Distributing (ausschüttend)
A fund or ETF that regularly pays dividends and interest out to you.
In short
As of 5 October 2026A distributing fund or ETF pays dividends and interest out to you regularly, usually once a year, twice a year or quarterly. The money lands in your cash account. With units worth 20,000 euros and a 1.5 percent distribution yield, you receive about 300 euros a year. For equity ETFs, 30 percent of this is tax-free under the partial exemption.
A distributing ETF (German: ausschüttend) collects the dividends of the companies it holds and pays them to you, usually annually, semi-annually or quarterly. The money lands in your cash account.
You can spend the payouts or reinvest them yourself. They are taxed once your saver's allowance is used up; for equity ETFs, 30 % is tax-free under German fund rules.
Example: you hold ETF units worth 20,000 euros with a 1.5 % distribution yield. You receive about 300 euros a year, and the unit value falls accordingly. Fund names often contain 'Dist' or 'Dis'.
Sources
- Investmentsteuergesetz (InvStG), § 20 Teilfreistellung
- Verbraucherzentrale: ETF-Kauf, Kriterien für die Auswahl
As of 5 October 2026 · Educational content, not investment or tax advice.