Bond fund yield calculation
30-day yield, Wikipedia
The formula for SEC 30-day yield is
![{\displaystyle \mathrm {Yield} =2\left[\left({\frac {a-b}{cd}}+1\right)^{6}-1\right].}](https://wikimedia.org/api/rest_v1/media/math/render/svg/0cf37a23d614bf82feb8b166249272fc0f55e5e0)
Where:
- a = dividends and interest collected during the past 30 days
- b = accrued expenses of the past 30 days
- c = average daily number of outstanding shares that were entitled to distributions
- d = the maximum public offering price per share on the last day of the period
--Blbarnitz 22:40, 3 July 2020 (UTC)
Including the formula in this form might be useful, but it needs clarification. In particular, this formula from Wikipedia does not explain that the income for a bond is based on yield to maturity (or to call); if a bond rises in price, the value of a will be less than the coupon payment. I was hoping to find a more official SEC page giving the full SEC definitions.
--Grabiner 02:52, 4 July 2020 (UTC)
Here is a cached version of the formula with SEC guidance: Form of Amended and Restated Yield Calculation Services Agreement--Blbarnitz 04:21, 4 July 2020 (UTC)