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What do you mean by annualized rate?
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 annual rate of return, which is a theoretical rate of return, not a real rate of return.

: annualized rate of return The annualized rate of return converted from the net income per 10,000 fund shares of the Monetary Fund in the past seven days. There are two ways to carry forward money market funds:

1. "Dividends are paid daily and carried forward monthly", which is equivalent to one-day interest and compound interest every month;

2. "Daily dividends are carried forward daily", which is equivalent to daily compound interest. The calculation formula of simple interest is (∑ Ri/7) × 365/1000×100%, and the calculation formula of compound interest is (∑ RI/10000) × 365/7 ×100%, where RI