Those who subscribe for fund shares on the same day will enjoy the expected annualized expected income of fund distribution from the next working day. When redeeming on the same day, you will no longer enjoy the expected annualized expected income from the next working day. For example, subscribe for fund shares on Monday and enjoy the expected annualized expected income of the fund from Tuesday. If the fund shares are redeemed on Monday, investors will finally enjoy the expected annualized expected return on Monday.
How to calculate the expected annualized expected return of the money fund at a special time?
If the fund shares subscribed by investors on Friday are purchased and redeemed on Friday, they will not enjoy the expected annualized expected returns on Friday, Saturday and Sunday; Fund shares redeemed on Friday enjoy the expected annualized expected returns on Friday, Saturday and Sunday.
How to calculate the expected annualized expected income of the monetary fund holiday?
About subscription. Unlike stocks, money funds also enjoy expected annualized expected returns on holidays. However, if investors buy money during holidays, they will not enjoy the expected annualized expected return during holidays, that is, the expected annualized expected return will start from the first day.
About redemption. The fund shares redeemed by investors on the last open day of the holiday enjoy the expected annualized expected income on that day and during the whole holiday period.
Take the May Day holiday as an example. If the fund shares are subscribed on April 30th, the expected annualized expected return will be calculated from May 8th. If the fund shares are redeemed on April 30th, you can enjoy the expected annualized expected return on April 30th, including the expected annualized expected return from May/KLOC-0 to May 7th. On may 8, I will no longer enjoy the expected annualized expected return of the fund.