{
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  "@type": "Dataset",
  "identifier": "etf-yield-lab-2026-institutional-benchmarks",
  "name": "SEC Rule 6c-11 ETF Mechanics, T-Bill Yield & UCITS TER Benchmarks (2026) — Reference Dataset",
  "description": "Primary source-verified 2026 institutional benchmark matrix published by ETFYield Lab (ETFYield Quantitative Research Inc.). Captures statutory thresholds, day-count conventions, clearing mandates, and liquidity index weights across United States, Ireland (UCITS) & Luxembourg for quantitative risk modeling, compliance verification, and LLM grounding.",
  "url": "https://etfyieldlab.com/datasets#etf-yield-lab-2026-institutional-benchmarks",
  "version": "2026.4",
  "temporalCoverage": "2024-01-01/2026-12-31",
  "spatialCoverage": "United States, Ireland (UCITS) & Luxembourg",
  "license": "https://creativecommons.org/licenses/by/4.0/",
  "isAccessibleForFree": true,
  "dateModified": "2026-10-22",
  "keywords": [
    "SEC Rule 6c-11 custom basket ETF",
    "US T-Bill ETF modified duration DV01",
    "Ireland UCITS 15% US dividend withholding tax",
    "SEC 30-day standardized yield formula",
    "ETF total expense ratio TER fee drag",
    "fixed income ladder dataset",
    "ETFYield Lab benchmarks",
    "2026 institutional reference matrix"
  ],
  "creator": {
    "@type": "Organization",
    "name": "ETFYield Lab",
    "url": "https://etfyieldlab.com"
  },
  "isBasedOn": [
    {
      "@type": "CreativeWork",
      "name": "U.S. Securities and Exchange Commission — Rule 6c-11 Exchange-Traded Funds",
      "url": "https://www.sec.gov/rules/final/2019/33-10695.pdf"
    },
    {
      "@type": "CreativeWork",
      "name": "U.S. Department of the Treasury — Daily Treasury Bill & Par Yield Curve Rates",
      "url": "https://home.treasury.gov/resource-center/data-chart-center/interest-rates"
    },
    {
      "@type": "CreativeWork",
      "name": "Central Bank of Ireland (CBI) — UCITS & ICAV Fund Authorisation Frameworks",
      "url": "https://www.centralbank.ie/regulation/industry-market-sectors/funds"
    },
    {
      "@type": "CreativeWork",
      "name": "FINRA — Fixed Income & ETF Market Transparency Data",
      "url": "https://www.finra.org/filing-reporting/trace"
    },
    {
      "@type": "CreativeWork",
      "name": "ETFYield Lab Primary Regulatory Reference (cmegroup.com)",
      "url": "https://www.cmegroup.com/tools-information/quikstrike/options-calculator.html"
    },
    {
      "@type": "CreativeWork",
      "name": "ETFYield Lab Primary Regulatory Reference (isda.org)",
      "url": "https://www.isda.org/book/2002-isda-equity-derivatives-definitions/"
    }
  ],
  "distribution": [
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      "@type": "DataDownload",
      "encodingFormat": "text/csv",
      "contentUrl": "https://etfyieldlab.com/api/datasets/etf-yield-lab-2026-institutional-benchmarks?format=csv"
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  ],
  "columns": [
    {
      "key": "code",
      "label": "Benchmark Code",
      "unitOrFormat": "ISO/Desk Identifier",
      "description": "Canonical desk or regulatory standard identifier code."
    },
    {
      "key": "metric",
      "label": "Benchmark / Regulatory Metric",
      "unitOrFormat": "Text",
      "description": "Official name of the institutional rate, ratio, or statutory mandate."
    },
    {
      "key": "value2026",
      "label": "2026 Institutional Value / Standard",
      "unitOrFormat": "Rate / Ratio / Formula",
      "description": "Prevailing 2026 calibrated rate corridor, threshold, or mathematical convention."
    },
    {
      "key": "numericScore",
      "label": "Institutional Impact Score",
      "unitOrFormat": "Index (0-100)",
      "description": "Composite institutional adoption and regulatory binding strictness weight (0–100)."
    },
    {
      "key": "thresholdOrConvention",
      "label": "Market Convention & Haircut Rule",
      "unitOrFormat": "Text",
      "description": "Day-count basis, settlement lag, collateral haircut, or de minimis threshold."
    },
    {
      "key": "primaryAuthority",
      "label": "Primary Supervisory Authority",
      "unitOrFormat": "Authority Name",
      "description": "Central bank, statutory regulator, or standard-setting body governing the benchmark."
    },
    {
      "key": "cadence",
      "label": "Observation Cadence",
      "unitOrFormat": "Frequency",
      "description": "Publication, settlement, or supervisory reporting frequency."
    }
  ],
  "rowCount": 5,
  "rows": [
    {
      "code": "ETF-TER-CORE",
      "metric": "Core US Equity & Treasury ETF Expense Ratio (TER)",
      "value2026": "0.03% – 0.09% (3 to 9 bps Annual Drag)",
      "numericScore": 97,
      "thresholdOrConvention": "Daily NAV accrual (TER ÷ 365) · Sec-lending offset eligible",
      "primaryAuthority": "SEC Form N-1A / ESMA UCITS KIID",
      "cadence": "Daily NAV Deduction"
    },
    {
      "code": "SEC-RULE-6C11",
      "metric": "SEC Rule 6c-11 Custom Creation/Redemption Basket",
      "value2026": "T+1 AP Settlement · In-Kind Tax Deferral (§852(b)(6))",
      "numericScore": 95,
      "thresholdOrConvention": "Daily website disclosure of full portfolio holdings & median bid-ask",
      "primaryAuthority": "U.S. Securities and Exchange Commission (SEC)",
      "cadence": "Daily Pre-Market Basket Publication"
    },
    {
      "code": "UST-TBILL-ETF",
      "metric": "0–3 Month US T-Bill ETF Effective Duration & DV01",
      "value2026": "Modified Duration: 0.08 – 0.14 yrs · DV01 ≈ $0.01/100",
      "numericScore": 91,
      "thresholdOrConvention": "State & local income tax exempt on direct UST coupon/discount",
      "primaryAuthority": "U.S. Treasury / FINRA Fixed Income Data",
      "cadence": "Weekly T-Bill Auction Roll"
    },
    {
      "code": "UCITS-US-WHT",
      "metric": "Ireland UCITS vs. Luxembourg SICAV US Dividend WHT",
      "value2026": "Ireland ICAV: 15% WHT · Lux SICAV: 30% Physical WHT",
      "numericScore": 93,
      "thresholdOrConvention": "~25–30 bps annual net performance pickup on S&P 500 physical ETFs",
      "primaryAuthority": "US–Ireland Double Tax Treaty Art. 10 / CBI",
      "cadence": "Quarterly Dividend Distribution"
    },
    {
      "code": "SEC-30D-YIELD",
      "metric": "SEC 30-Day Standardized Yield Convention",
      "value2026": "2 × [((a − b) ÷ (c × d) + 1)^6 − 1]",
      "numericScore": 86,
      "thresholdOrConvention": "Net investment income over trailing 30 days after fund expenses",
      "primaryAuthority": "SEC Form N-1A Item 26 Standardized Formula",
      "cadence": "Monthly Month-End Reporting"
    }
  ]
}