The seven-day annualized rate of return generally refers to the average income level of the monetary fund in the last seven days, and the data obtained after annualization.
For example, the annualized rate of return of a money fund on the same day is 2% for seven days, and assuming that the income of the money fund in the next 3 days can remain the same as that of the previous seven days, and investors hold 1, yuan, then the income of holding it for 3 days is 1, * 2%/365 * 3 ≈ 16.44 yuan
Of course, the daily income of the money fund will follow the operation of the fund manager and the currency.
Therefore, the 7-day annualized rate of return can only be regarded as a short-term indicator, which can roughly refer to the recent profit level, but it cannot fully represent the actual income of this fund.