Obtain the fund’s net investment income and the average net asset value (nav). The process involves three key steps. So if you invested $1000 for 30 days:
Input initial and final balances, days held, and get precise results. You may see yield as just sec yield stated for a money market fund, but you have to know it is a 7 day yield (and it may be stated via a footnote rather than boldly as in. (0.0001 * $1000) / 365 ~= $0.000274 per day.
Calculate your investment's 7 day apy accurately with our specialized calculator. Then, multiply by the annualization factor).