For diversifying risk in my personal depot I came across advice for this bond ETF: iShares € Ultrashort Bond UCITS ETF (https://www.ishares.com/ch/institutional/en/products/258114/ishares-euro-ultrashort-bond-ucits-etf#/)
While I am aware that interest rates are very low, I was expecting it to have a monthly dividend payment. But no dividend was paid since 2016. 1 year return is 0.21% and 3 year return is -0.32%.
I can't see any reason to invest in this ETF from an individual investor's perspective. Do I miss something?