Arrow Dow Jones Global Yield ETF (NYSEArca: GYLD)

30-day SEC Yield: 6.38%

Comment: GYLD can be best described as a multi-asset ETF focusing on five asset classes: Global corporate bonds, global sovereign debt, global stocks, global REITs and global alternative investments. The ETF takes a near equal-weight approach to each group with allocations ranging from 19% for global alts to almost 20.6% for sovereign debt.

There is no need to do a double-take regarding GYLD’s tempting 6.38% yield. At the end of the third quarter, the yields on the five asset classes held by the ETF ranged from 5.34% for global sovereign debt to 10.9% for alts, according to issuer data.