Distribution Yield
Distribution yield, also known as Trailing Twelve Month (TTM) yield, is used in the context of mutual funds and Exchange-Traded Funds (ETFs). It is a backward-looking calculation that divides a fund’s cumulative distributions over the previous 12 months by the fund’s net asset value at the end of the period. The distribution differs from the SEC Yield, a standardised forward-looking measure developed by the regulator to show the yield investors would earn over a year if the fund earns the same rate for the rest of the year as it earned in the first 30 days.