"Annual rate of return" is the rate of return calculated from the income of one year relative to the principal.

The 7-day annualized rate of return is the annualized rate of return calculated by the fund company based on the 7-day income.

The key to annualized rate of return is to change the word, which means it is not practical and is calculated theoretically.

The seven-day annualized rate of return of the fund is the annualized rate of return converted from the average net income in the last seven days, and its calculation formula is:

Seven-day annualized rate of return of the fund = ((∑ RI/7) × 365)/10000×100%.

Where Ri is the daily income of the fund in the last I calendar days (I = 1, 2...7), and the annual income of the fund for seven days is rounded to three decimal places.