Hello everyone,

My friend drew my attention to the ETF mentioned above. $WINC (-0,36 %) mentioned above. However, I couldn't figure it out. It partially replicates the MSCI World, but pays out over 5%.

I noticed the large cash positions or bonds.

Is the dividend realized via these and the performance via the rest, or am I fundamentally misunderstanding the ETF?

Help and corrections are welcome 👍