7-Day Annualized Yield

The 7-Day Annualized Yield is a financial metric that measures the annualized return of an investment over a 7-day period. This metric helps investors compare short-term yields to annual returns, offering a consistent way to assess potential earnings from different investments, particularly those with short maturities or fluctuating daily returns.

Calculation:

7-Day Annualized Yield (%) = (Reinvestment NAV on day T8 - Reinvestment NAV on day T1) ÷ Reinvestment NAV on day T1 ÷ number of natural days *365*100%.