Using Approximate Yield with Mutual Funds The formula for approximate yield of an investment can look. intimidating. but it's fust a function of three things: (1) dividends earned, (2) capital gains distributions received, and (3) change in share price. Based on the information in the table, compute the approximate yield for each of the two funds that follow. The approximate yield for Mutual Fund 1 is and the approximate yield for Mutual fund 2 is True or False: If both investmetiss carry the same rate of nisk, Mutual Fund 1 is a better investment than Mutual Fund 2. True False