It is the ratio of the actual return of an investment within one year. The annualized rate of return of a fund is the return on investment over a period of time. Assuming that the year was at this level, the annual rate of return was converted. Because annualized rate of return is variable, annualized rate of return is not necessarily the same as annualized rate of return. For example, if you buy 3 million products of Huixin Fenghua Fund for 6 months, the income will be 6.5438+0.8 million. Assuming that the yield is the same regardless of the term, it can be calculated that the annualized yield of this fund product is 654.38+0.2%. But in fact, Huixin Fenghua stipulates that the purchase amount of the fund products is more than or equal to 3 million, and the annual rate of return for one year is 15%, that is, the actual annual rate of return that investors can obtain is 15%, which is different from the annualized rate of return. The most important index to measure the fund's rate of return is the rate of return on fund investment, that is, the ratio of the actual rate of return on fund securities investment to the investment cost. The higher the return on investment, the stronger the profitability of fund securities. If the subscription and redemption of fund securities need to pay a handling fee, the handling fee factor should be considered in the calculation.