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Mutual funds
Yield to maturity: the annualised return if you held every bond in the fund to the end, and nobody defaulted. It is a snapshot, not a promise of next year's NAV.
Yield to maturity: the annualised return if you held every bond in the fund to the end, and nobody defaulted. It is a snapshot, not a promise of next year's NAV.
No. YTM describes a fund's costs, structure or past record. Mutual fund investments are subject to market risks, and past performance does not indicate future returns.