中文：

信托计划劣后端收益指的是信托计划中劣后受益人获得的收益。在信托计划中，一般将受益人分为优先受益人和劣后受益人，优先受益人通常为固定收益的投资者，而劣后受益人则是承担较高风险的投资者。

劣后受益人在信托计划中承担了更大的风险，因此他们获得的收益也更高。劣后端收益通常是在信托计划中，当优先受益人的本金和收益得到保障后，劣后受益人才能获得剩余的收益。如果信托计划出现问题，劣后受益人的损失也会比优先受益人更大。

劣后端收益通常以百分比的形式表示，根据信托计划的具体情况而定。一般来说，劣后端收益越高，说明劣后受益人在信托计划中承担的风险越大，因此也需要在投资前进行更加谨慎的评估。

英文：

The junior tranche yield of a trust plan refers to the yield obtained by the junior beneficiaries in the trust plan. In a trust plan, the beneficiaries are usually divided into preferred and junior beneficiaries. The preferred beneficiaries are usually investors who receive fixed returns, while the junior beneficiaries assume higher risks.

The junior beneficiaries in the trust plan bear greater risks, so they receive higher yields. The junior tranche yield usually refers to the residual yield that can only be obtained by the junior beneficiaries after the preferred beneficiaries' principal and returns are guaranteed in the trust plan. If there are problems with the trust plan, the losses of the junior beneficiaries will also be greater than the preferred beneficiaries.

The junior tranche yield is usually expressed as a percentage and depends on the specific situation of the trust plan. Generally speaking, the higher the junior tranche yield, the greater the risk assumed by the junior beneficiaries in the trust plan. Therefore, more cautious assessments are needed before investing.