The full name should be called Carried Interest, which means the income share collected by fund managers from investors.

For example, Carry is 10%, which means that if the FOF fund earns you 50 yuan based on your 100 yuan investment, that is, it will return you 150 yuan, the FOF fund manager has the right to withdraw 10% of the 50 yuan in income.

That is 5 yuan as reward.

This 5 yuan is the so-called carry.