In non-monetary funds, we will see that ABC has three types of shares, and their differences mainly lie in the different charging methods. For example, Class A share usually refers to the front-end charging mode of the fund, Class B share refers to the back-end charging mode of the fund, which can only be purchased through the direct sales channel of the fund company at present, while Class C share means that the fund does not charge any subscription fee, but will charge a sales service fee, and the redemption fee of this share will be relatively low.

Finally, let's talk about graded funds, which is the third situation we are talking about. Different shares of the same fund represent different rights and obligations, and the risk-return attributes will be completely different.

There are actually three graded funds, namely, parent share, class A share and class B share. Class A shares represent low-risk shares and Class B shares represent high-risk shares. Then a graded fund, we will find that it has three net values at the same time, representing these three shares respectively.

Having said that, let's sum up that apart from graded funds, different credit shares of the same fund are different in terms of sales channels, subscription fee thresholds and charging methods. The fund is still that fund, and the income risk is still that. Due to the different costs, there will be some influence on the net value of different shares, but the influence is not great. So you can make a choice according to your own amount of funds and the estimated investment time.