Distribution yield is the payout rate, not proof that the payout was earned or sustainable.
Back to reference desk
Metric3 modules1 tools0 controlled examples1 document routes
Distribution yield
An annualized payout rate shown as a percentage of price, NAV, or another stated base.
Why it matters
A high payout can come from income, gains, capital, or a policy rate, so yield alone does not prove return quality.
What this means on AltHarbor
Use the Distribution Quality Lab before treating a stated payout as sustainable client income.
Product-page application
Use this when reviewing distribution yield, payout history, distribution base as mechanic fields. Product surfaces apply the same vocabulary to real fund facts.
Source checklist
- Identify whether the percentage uses NAV, price, or annualized distribution.
- Check whether the distribution is policy-driven or earned.
- Review recent distribution notices before presenting yield.
Tooltip / inline use
Identify whether the percentage uses NAV, price, or annualized distribution.
Apply this concept
Definition to source check to tool.
Reference graph packet
One concept entry now routes to the full Learn system.
3Modules
1Tools
0Wrappers
0Examples
0Outputs
ToolDistribution Quality Lab
Help advisors explain why a high distribution is not automatically a high-quality return.
LiveModuleBenchmarking and Performance: How to Read Alternative Fund ReturnsHow to interpret yields, total returns, IRR, MOIC, inception dates, benchmark choices, and fee drag.
PerformanceModuleFees: What You Actually Pay in Semi-Liquid Alternative FundsA plain-English map of management fees, incentive fees, loads, trail fees, leverage costs, and total expense ratios.
FeesConceptReturn of capitalA distribution component that returns investor capital rather than current-period income or realized gains.
Shared module: TaxConceptPayout coverageThe portion of a distribution supported by earned income and realized gains in the measured period.
Shared module: PerformanceRelated modules
PerformanceBenchmarking and Performance: How to Read Alternative Fund ReturnsFeesFees: What You Actually Pay in Semi-Liquid Alternative FundsTaxTax: What You Need to Know Before Investing in Alternative FundsRelated tools
LiveDistribution Quality LabRelated wrappers
This term applies across wrappers or does not belong to a single wrapper row.
Advisor outputs
Leave with language and diligence prompts.
Compare distribution rate with net investment income, realized gains, return of capital, and NAV trend.
Before quoting yield, explain what funded the distribution and which document proves the character.
Concept graph
Neighboring terms to inspect next.
TaxReturn of capitalShared module: Tax / Shared module: PerformanceMetricPayout coverageShared module: Performance / Shared module: FeesMetricNet asset valueShared module: Performance / Shared tool: Distribution Quality LabFeeFee dragShared module: Fees / Shared module: PerformanceFeeManagement feeShared module: Fees / Shared module: PerformanceAccessShare classShared module: Fees / Shared module: Performance