The annualized rate of return of Alipay Fund = [(total assets on T day-cost)/cost ]×(365/ business days )×100%. Operation days =T days-buying day, that is, the date when investors buy funds.

The annualized rate of return is only calculated by converting the current rate of return into the annual rate of return, which is a theoretical rate of return, not a truly realized rate of return.

Fund is a kind of collective securities investment, which has * * * income and * * risk. By issuing fund shares, investors' funds are managed centrally by fund custodians, and fund managers manage and use funds to invest in financial instruments such as stocks, bonds, foreign exchange and currencies, so as to obtain investment income and capital appreciation.