Investors seeking high yield mutual fund investments have a wide range of options to choose from in the investable market. Mutual fund yield is often quoted as a forward yield or a trailing twelve month yield. The forward mutual fund yield multiplies the most recent dividend distribution by the fund’s expected one year dividend schedule. The trailing twelve month dividend yield is the sum of the dividends paid over the past twelve months divided by the value of one mutual fund share. Mutual funds often pay monthly or quarterly distributions.