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Old 11-19-2013, 08:47 PM   #41
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What is the proper way to compare the yields of these with CDs? The websites list
SEC 30day yield, AVG YTM, Distribution rate, 12mo. Yield. Guggenheim even has an estimated net acquisition yield calculator where you input price and get the yield.
For some reason I don't understand that number came out closer to distribution rate than any of the other yields and they subtracted the ER to get that result. I would have thought that they subtracted the ER before quoting the yields.
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Old 11-19-2013, 10:05 PM   #42
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Both Guggenheim and Ishare products calculate your net acquisition yield (your expected return) as portfolio yield - ER +/- yield adjustment for price/NAV difference. Guggenheim uses yield to worst and Ishares uses yield to maturity.

The yields that are quoted are the yield of the underlying bond portfolio.
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Old 11-19-2013, 10:58 PM   #43
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Quote:
Originally Posted by pb4uski View Post
Both Guggenheim and Ishare products calculate your net acquisition yield (your expected return) as portfolio yield - ER +/- yield adjustment for price/NAV difference. Guggenheim uses yield to worst and Ishares uses yield to maturity.

The yields that are quoted are the yield of the underlying bond portfolio.
pb4ski, thanks for the info..........didn't realize that the YTM, worst was a
"gross" yield...........mostly have had individual bonds so no ER......kind of
like equity funds quoting returns before ER..........I don't think they do that,
or do they?

Could you pls show me how to get the ishares net acquisition yield calculator.
Saw it for guggenheim but not for ishares.
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Old 11-20-2013, 08:38 AM   #44
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Quote:
Originally Posted by kaneohe View Post
pb4ski, thanks for the info..........didn't realize that the YTM, worst was a
"gross" yield...........mostly have had individual bonds so no ER......kind of
like equity funds quoting returns before ER..........I don't think they do that,
or do they?

Could you pls show me how to get the ishares net acquisition yield calculator.
Saw it for guggenheim but not for ishares.
Lower left corner of this link.

IIRC SEC yields (for bond funds) and equity returns are both calculated after expenses, but most bond funds disclose the YTM of the underlying portfolio.
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Old 11-20-2013, 05:13 PM   #45
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Originally Posted by pb4uski View Post
Lower left corner of this link.

IIRC SEC yields (for bond funds) and equity returns are both calculated after expenses, but most bond funds disclose the YTM of the underlying portfolio.
hah........hiding in plain sight! I would have had a chance to see that on a
piece of paper but on a computer screen that you have to scroll down all the way...never in a million yrs. Thanks for the education.
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