Vanguard Income Distribution

[Deleted User]

Thrugelmir said:

[Deleted User] said:

Thrugelmir said:

LS are accumulation funds. That's the purpose behind them. 

No  - LS are both ACC and INC

Can you provide a link to the Vanguard website? 

https://www.vanguardinvestor.co.uk/investments/vanguard-lifestrategy-60-equity-fund-income-shares  

It's basically the same fund as the ACC but without the dividends automatically re-invested.  I decided on this class for my investment outside an ISA as I thought it may make it easier to know exactly what dividends I was receiving for tax purposes.!! 

Thrugelmir

A minimum £100k investment explains why I hadn't noticed it.  When I've been browsing. 
Perhaps the recent suspension / cancellation of previously decalred dividends has caused some additional work. 

ColdIron

The £100,000 minimum won't trouble anyone investing via a platform

DarwinBoy

1st time poster on here (so, please be kind) but I have held VLS60 for a while. Not sure why but every year Vanguard are slow to state the dividend on any VLS Inc fund. They seem to state it just before the payment date. However, a closer look on the Vanguard website allows you (roughly) to work out the dividend amount.
The Ex-Dividend date is 1st April. The fund price (NAV) dropped 4% between the 30th March and 1st April for the INC version of the fund. The fund price (NAV) for the ACC version dropped only 2.15%. The delta/difference (I hope/know) is the dividend.
So, my back of a napkin maths would say that the the dividend in approx £2.79 per unit.
Dont bet you house on me being right though. Just my own view. 
I guess we will find out for sure on 31st May    

Audaxer

DarwinBoy said:

1st time poster on here (so, please be kind) but I have held VLS60 for a while. Not sure why but every year Vanguard are slow to state the dividend on any VLS Inc fund. They seem to state it just before the payment date. However, a closer look on the Vanguard website allows you (roughly) to work out the dividend amount.
The Ex-Dividend date is 1st April. The fund price (NAV) dropped 4% between the 30th March and 1st April for the INC version of the fund. The fund price (NAV) for the ACC version dropped only 2.15%. The delta/difference (I hope/know) is the dividend.
So, my back of a napkin maths would say that the the dividend in approx £2.79 per unit.
Dont bet you house on me being right though. Just my own view. 
I guess we will find out for sure on 31st May    

If the difference in the fund price percentage falls of the ACC and INC funds on ex-div dates is 1.85% as your figures indicate, and if £2.79 is 1.85% of the INC fund price on ex-div date, then I think your calculation of £2.79 per unit looks correct to me. However if we can work it out that way, I'm not sure why the figure is not published anywhere?

Thrugelmir

DarwinBoy said:

1st time poster on here (so, please be kind) but I have held VLS60 for a while. Not sure why but every year Vanguard are slow to state the dividend on any VLS Inc fund. They seem to state it just before the payment date. However, a closer look on the Vanguard website allows you (roughly) to work out the dividend amount.
The Ex-Dividend date is 1st April. The fund price (NAV) dropped 4% between the 30th March and 1st April for the INC version of the fund. The fund price (NAV) for the ACC version dropped only 2.15%. The delta/difference (I hope/know) is the dividend.
So, my back of a napkin maths would say that the the dividend in approx £2.79 per unit.
Dont bet you house on me being right though. Just my own view. 
I guess we will find out for sure on 31st May    

Why have you taken the difference between 2 days and not 1day ?  Ex-div fall will be instanteous. 

Audaxer

Thrugelmir said:

DarwinBoy said:

1st time poster on here (so, please be kind) but I have held VLS60 for a while. Not sure why but every year Vanguard are slow to state the dividend on any VLS Inc fund. They seem to state it just before the payment date. However, a closer look on the Vanguard website allows you (roughly) to work out the dividend amount.
The Ex-Dividend date is 1st April. The fund price (NAV) dropped 4% between the 30th March and 1st April for the INC version of the fund. The fund price (NAV) for the ACC version dropped only 2.15%. The delta/difference (I hope/know) is the dividend.
So, my back of a napkin maths would say that the the dividend in approx £2.79 per unit.
Dont bet you house on me being right though. Just my own view. 
I guess we will find out for sure on 31st May    

Why have you taken the difference between 2 days and not 1day ?  Ex-div fall will be instanteous. 

I'm assuming it was a typo and he meant the price drop from 31 March to 1 April?

bowlhead99

Thrugelmir said:

DarwinBoy said:

1st time poster on here (so, please be kind) but I have held VLS60 for a while. Not sure why but every year Vanguard are slow to state the dividend on any VLS Inc fund. They seem to state it just before the payment date. However, a closer look on the Vanguard website allows you (roughly) to work out the dividend amount.
The Ex-Dividend date is 1st April. The fund price (NAV) dropped 4% between the 30th March and 1st April for the INC version of the fund. The fund price (NAV) for the ACC version dropped only 2.15%. The delta/difference (I hope/know) is the dividend.
So, my back of a napkin maths would say that the the dividend in approx £2.79 per unit.
Dont bet you house on me being right though. Just my own view. 
I guess we will find out for sure on 31st May    

Why have you taken the difference between 2 days and not 1day ?  Ex-div fall will be instanteous. 

Must be a typo, not remembering some months have 31 days...

Clearly as there is only one price per day, and one day the price is declared !!!!!!-div and the next day it's declared ex-div, you are only going to be able to see the movement caused by the div by looking at the price one day and then the price of the same share class the next day.

If you look at the movement on the ACC class (which doesn't pay a div, so doesn't fall in value for that reason) that should give you the percentage movement attributable to the investment portfolio and costs; and then if you look at the movement on the INC class, that should give you a percentage movement attributable to the investment portfolio and costs and dividend payable. The difference between those two percentage movements is the dividend 

[Deleted User]

Thrugelmir said:

A minimum £100k investment explains why I hadn't noticed it.  When I've been browsing. 
Perhaps the recent suspension / cancellation of previously decalred dividends has caused some additional work. 

Where does it say you need a min of 100K investment.  Vanguard have allowed my small fraction of 100k to be invested.  According to their T&C, you need a  min of £500 as a lump sum.     

Thrugelmir

lindabea said:

Thrugelmir said:

A minimum £100k investment explains why I hadn't noticed it.  When I've been browsing. 
Perhaps the recent suspension / cancellation of previously decalred dividends has caused some additional work. 

Where does it say you need a min of 100K investment.  Vanguard have allowed my small fraction of 100k to be invested.  According to their T&C, you need a  min of £500 as a lump sum.     

Possibly that was the platform I browsed when looking at the fund.