Analysis: SEC 30-Day Yield Calculation Based on a 30-day period ended on a specified date, the as of date, a fund's yield is calculated by dividing the total net investment income per share earned during the period by the maximum offering price per share on the last day of the period, according to the following formula: Where: Variable FundStation Source Field Description a RATE.sec_gross_income The total dividends and interest earned during the period (sum of sec_gross_income). b RATE.expenses_net The total expenses accrued for the period (sum of expenses_net). c RATE.shares_outstanding The average daily number of shares outstanding during the period that where entitled to receive dividends (average of shares_outstanding). d RATE.offering_price The offering price per share on the last day of the period (offering price on as of date). The following example illustrates the calculation of the SEC 30 Day yield for the Mutual Fund with a fund_id of 1 as of June 30, 1998 using data from the database available to you.
