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bogleboogle said:

masonic said:

bogleboogle said:

Thrugelmir said:

bogleboogle said:

Hi, I have the FTSE GAC (Accumulation) - it says the yield as at 30th June 2020 was 1.87%. How does that work in terms of my holdings - I can't seem to see the 1.87% being paid? Is it just automatically re-invested in the fund? If so, wouldn't I expect to see a 1.87% in the NAV on that date? 
Thanks

The NAV of the ACC fund won't change. The fund itself will have accounted for any dividends or income accrued/paid as they are declared/received. The declared yield will simply be a notional figure for reference purposes as at that date.

Why doesn't the NAV change? And if the NAV doesn't change, how does the dividend yield benefit me in any material way?

As mentioned in the post you quoted, the dividends trickle in over time. They are not held back in cash and credited once or twice a year as is the case for an income unit class. The NAV does change, but the increases are frequent and small.

This post made a lot of sense - thank you!

Tcallaghan - I'm not saying it's a conspiracy, but... Thanks  

As it happened I did try to be a maths teacher, guess how that worked out 😅