Originally Posted by HadEnuff
I'm looking at information on bond funds on the Vanguard site. For example the Long Term Bond Index Fund (VBLTX) states that the SEC yield is 3.85%.
What does this number reflect?
Under the Portfolio and management tab you can see that the portfolio yield to maturity is 4%. On the Overview tab the expenses ar 0.2%. That is a net yield of 3.8% and differs from the 3.83% SEC yield, probably due to rounding in the portfolio yield to maturity.