This is a floating rate bond ETF. So, as interest rates continue to decline, the yields paid out by the ETF will continue to decline.
Over the last 5-6 months, the distribution has fallen from $0.088 to $0.072 (paid monthly). I would imagine this will continue to fall moving forward, especially if more cuts come in.
If we make the simple assumption that the distributions stays at $0.072 a month (unlikely, but just used for this example) we are looking at a share price of $20 and an annual distribution of $0.864 for a total yield of 4.32%. You'll notice most websites have this fund yielding 5%, but that is based on a trailing twelve month basis, which is factoring in high distribution payments due to high rates from last year.
This is a more attractive rate than things like ZMMK and CASH no doubt. I do see it as a feasible alternative.