1. Annualized rate of return calculation formula: Annualized rate of return = investment income/principal/number of investment days × 365 × 100%.

The annualized rate of return is only calculated by converting the current rate of return (daily rate of return, weekly rate of return, monthly rate of return) into the annual rate of return. It is a theoretical rate of return, not the real rate of return achieved.

2. The seven-day annualized rate of return is the annual rate of return converted from the net income of every 10,000 fund shares of the monetary fund in the past seven days.

The 7-day annualized rate of return calculation formula currently has two income carryover methods for money market funds: one is daily simple interest and monthly compound interest, and the other is daily compound interest.

According to different income carryover methods, the seven-day annualized rate of return calculation formula is also different.

The simple interest calculation formula is: (∑Ri/7)×365/10000 units×100%.

The compound interest calculation formula is: {[π(1+Ri/10000)]^(365/7)-1}*100%.

Among them, π represents continuous multiplication, and Ri is the income per 10,000 shares on the most recent i-th calendar day (i=1, 2...7).

Response time: 2021-03-15. For the latest business changes, please refer to the official website of Ping An Bank.