Win-win money funds are risky. Win-win money fund is a kind of securities investment fund, which belongs to low-risk varieties. Its risks and expected returns are lower than those of equity funds, hybrid funds and bond funds. However, this does not mean that a win-win money fund is completely risk-free. The main risks of the Fund include market risk, credit risk, liquidity risk, management risk, operational risk, compliance risk and unique risk. Specifically, the income of Yingyong Monetary Fund is greatly influenced by the liquidity of the money market and the fluctuation of interest rates in the money market. The fluctuation of money market interest rate will affect the reinvestment income of the fund. At the same time, if the fund needs to sell securities for redemption, the securities trading volume is insufficient, which may expose the fund to liquidity risk. In addition, the fluctuation of money market interest rate will also affect the change of fair value of securities and the fluctuation of transaction price, thus affecting the income level of funds. Therefore, although the risk of win-win money funds is relatively low, it does not mean that there is no risk. Investors should fully understand and consider these risks when investing.