The full name of net-worth fund is floating net-worth money market fund, which refers to a fund that only invests in money market instruments, can purchase and redeem fund shares every trading day, and adopts daily mark-to-market accounting according to the principle of fair value measurement, and the net value of fund shares is not fixed.

There is little difference between the new cargo base and the traditional cargo base in terms of investment scope and investment target. The biggest difference lies in the valuation method. The traditional freight base adopts amortized cost method, while the new freight base is priced at market price.

Traditional money funds using amortized cost method can keep the face value stable, but according to market valuation, the net value of floating net value cargo base will fluctuate with the change of investment asset price, and in extreme cases, the net value of the day may fall. Generally speaking, the daily net value of the new cargo base is fluctuating, the income is unstable, and theoretically it may be in a state of loss.