Fund Distribution Yield: The yield is calculated by annualizing the most recent Fund distribution and dividing by the current Fund NAV. It's the annual yield a Fund investor would receive if the most recent fund distribution stayed consistent going forward. The yield represents a single distribution from the Fund and does not represent the total returns of the Fund.
SEC Standardized 30-Day Yield: The SEC 30-day Yield is a standard yield calculation developed and required by the Securities and Exchange Commission (SEC). 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 the deduction of the Fund's expenses. This is also referred to as the "Standardized Yield".
Trailing 12-Month Dividend Yield: Dividends over the prior 12-months are added together and divided by the current share price. Higher values indicate more dividends are being generated per unit of share price.
Yield to Maturity: Portfolio Yield to Maturity
represents the weighted average yield to maturity
of a Fund's investments in money market
securities and short-term fixed income securities
as of a specified date. Yield to maturity is the rate
of return generated on a fixed income instrument
assuming interest payments and capital gains or
losses as if the instrument is held to maturity. The
weighted average yield is calculated based on the
market value of each fixed-income investment. The
calculation does not incorporate yield from any
currency forward contracts that might be part of the
Embedded Income Yield:
Embedded Income Yield represents
the annualized rate of return
generated by a Fund's investments
in both fixed income securities
and derivatives exclusive of
interest rate changes and
movement in foreign exchange
spot rates. The calculation
is intended to capture the
Fund's potential to earn income
return over the next year given
current holdings and market conditions.
The Embedded Income Yield will
differ from the portfolio's Yield
to Maturity, due to the
incorporation of derivatives in
the Embedded Income Yield.
Embedded Income Yield and
Portfolio Yield to Maturity may
differ from a Fund's actual
distribution and SEC yield and
do not reflect Fund expenses.