lucky penny
Full time employment: Posting here.
- Joined
- Jan 23, 2010
- Messages
- 734
I hold Vanguard's short-term investment grade bond fund (VFSUX), which currently shows a 30-day SEC yield of .99%. I've been assuming that amount is the equivalent of a .99% interest rate for calculation purposes, but doing the math myself, last month's dividend was almost twice as much as that (as were dividends from prior months). I didn't add any funds during the month. I'm not complaining, but can someone explain that?
Logical explanation is that I'm not great at math (true) but I can't figure it out. I multiplied the balance x .99% then divided by 12. What am I missing?
I was going to ask Vanguard but thought one of you investment gurus might explain without guffawing at my ignorance.
Logical explanation is that I'm not great at math (true) but I can't figure it out. I multiplied the balance x .99% then divided by 12. What am I missing?
I was going to ask Vanguard but thought one of you investment gurus might explain without guffawing at my ignorance.
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