Question: what is the difference between subsidized and unsubsidized yield?
Answer: Subsidized yield reflects fee waivers and/or expense reimbursements during the period. Without waivers and/or reimbursements, yields would be reduced. Unsubsidized yield does not adjust for any fee waivers and/or expense reimbursements in effect. ... Expense ratios are as of the funds' most current prospectus.