According to multiple sources my bond ETF (VCSH) has a SEC yield of 3.48%. However, at a NAV of $78.07 and a monthly distribution of currently $0.174, I calculate
yield = 0.174/78.07*12 = 2.67%
Add continuous compounding and you’d get a little more, but certainly not 3.48%. What’s going on?
Submitted September 21, 2018 at 12:21AM by asml84 https://ift.tt/2DhAnHL
