They are both trustworthy but use different approaches.The Vanguard web page for Wellesley says it's yield is 4%; Morningstar says 3.42%. Which might be more trustworthy? (I'm guessing Morningstar, being a pessimist).
The Vanguard web site lists the 30 day SEC yield as of 07/31/2024 as 4.00%. It is the result of a calculation defined by the SEC that involves what has happened over the prior 30 days.
The Morningstar web site list the TTM (Through The Month) Yield as 3.42%. It is the result of a calculation that involves the prior 12 months. With the Wellesley Income fund through the end of August 2024, the fund made total of $0.9079 per share in income distributions, made a $0.329576 capital gain distribution, and had the ending NAV was 26.25. Morningstar calculates the TTM Yield as 0.9079/(26.25+0.329676).
Statistics: Posted by FactualFran — Thu Sep 05, 2024 12:52 am