Ch.11 · Comparing Fund Performance · medium
What is 'YTM' (Yield to Maturity) as shown in a debt mutual fund fact sheet?
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EXPLANATION
YTM in a debt fund fact sheet is the weighted average yield to maturity of all bonds/instruments in the portfolio, assuming they are held till maturity and all coupon payments are reinvested. It indicates the expected return of the portfolio before expenses.
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