30-Day SEC Yield
This yield figure reflects the theoretical income that a portfolio would generate, including dividends and interest, during the period after deducting a fund’s expenses for the period. A fund’s actual net earnings for a given period under generally accepted accounting principles may differ from this standardized yield.
The annualized rate an investor would receive if the most recent fund distribution stayed the same going forward. This rate does not represent the total return of a fund. The distribution rate is calculated by annualizing the most recent distribution and dividing by a fund’s NAV from the as-of-date.
Weighted Average Yield to Maturity
Weighted Average Yield to Maturity is the discount rate that calculates the present value of a bond’s anticipated cash flows with its market price (including accrued interest). A fund's Average YTM is defined as the weighted average of a fund’s individual bond holding YTMs and is based upon Net Asset Value (“NAV”). This does not include fees and expenses.
Weighted Average Yield to Worst
Weighted Average Yield to Worst uses the lowest discount rate for all possible redemption date scenarios with its market price. A fund’s Average YTW is defined as the weighted average of a fund’s individual bond holding YTWs and is based upon the price of each individual bond that was utilized to calculate that day’s net asset value and does not include fund fees and expenses.
12 Month Yield
The annualized rate an investor has received if all distributions paid by the fund over the last twelve months were considered as a proportion of the fund's value on the as-of date. Twelve month yield is calculated by summing all interest, dividend and capital gains and non-taxable return of capital distributions paid by the fund over the past twelve months and dividing by the fund's NAV from the as-of date.
Performance displayed represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate so that when shares are redeemed, they may be worth more or less than original cost. Total returns reflect the reinvestment of all dividends. Current performance may be lower or higher than the performance data quoted. For up-to-date fund performance, including performance current to the most recent month-end, please visit the
ETF performance page
. ETFs are subject to third party transaction fees/commissions. Net asset value (NAV) is calculated by subtracting total liabilities from total assets, then dividing by the number of shares outstanding. Market close is the last price at which shares are traded. Fund shares may trade at, above or below NAV. For additional information, see the fund’s prospectus.Performance results for periods under one year are short-term and may not provide an adequate basis for evaluating the performance potential of the fund over varying market conditions or economic cycles.