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Seven-day annualized rate of return per 10,000 shares is commonly used to evaluate the income of money funds. What is the difference between the two and how to calculate the income?
The yield of money funds is different from other funds. Generally, it is expressed by the net income per 10,000 funds and the seven-day annualized rate of return. The calculation formula is as follows:
Net income per 10,000 funds = [net income of the fund on that day/total fund share on that day ]× 10000.
Seven-day annualized rate of return = [(sum of net income per ten thousand funds in the last seven days × 365/7)/10000] ×100%.