Bogleheads:Sandbox

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Replace the pipe '|' character with a backslash '\'. From Math formulas in the wiki --> Help:Displaying a formula Spacing:

Benchmarking Managed Payout Funds: The payout formula follows:

Monthly distribution per share = $$\tfrac{Annual\ distribution\ rate\ (3%,\ 5%,\ or\ 7%)} {12} $$ $$ \times $$ $$\tfrac{Average\ daily\ value\ of\ hypothetical\ account\ over\ prior\ 3\ calendar\ years} {Number\ of\ shares\ held\ by\ hypothetical\ account\ at\ the\ end\ of\ the\ prior\ calendar\ year} $$

Source: Fund Prospectus

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