This sign means drivers:

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Left turns are protected when the green signal comes on.
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May turn left on a green light when it is safe to do so.
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May turn left only on a green arrow.
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None of the above.
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Explanation
The "LEFT TURN YIELD ON GREEN" sign tells drivers that left turns are permitted on a circular green light, but not protected. This means you must yield to oncoming traffic and pedestrians before turning.
Even though the light is green, you do not have the right-of-way. Do not rush your turn. Wait until there is a safe gap in traffic and the crosswalk is clear before completing your left turn.
This sign is usually posted at intersections where extra caution is needed for left turns to avoid collisions with oncoming vehicles.
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