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.
This "7-day average annual rate of return" will be displayed in a prominent position of the money fund every time you check the situation of the money fund online, and it is an important indicator to measure the money fund. In addition, there is the index of "ten thousand fund unit income".