Definitions for "SEC yield"
Keywords:  yield, fairer, etfs, mutual, calculated
A standardized calculation that the Securities and Exchange Commission requires mutual funds to use when advertising rates of income return. This standardized rate ensures that investors are comparing "apples to apples" when comparing ads from different mutual fund companies.
A standardized measure of yield for a mutual fund. The calculation is based on a 30-day period ending on the last of the previous month. It is computed by dividing the net investment income per share earned during the period by the maximum offering price per share on the last day of the period.
A standard yield calculation developed by the Securities and Exchange Commission (SEC) that allows for fairer comparisons among bond funds ? also referred to as the ?current yield.? It is based on the most recent 30-day period covered by the fund?s filings with the SEC. The yield figure reflects the dividends and interest earned during the period after deduction of the fund?s expenses for the period.