Structured fund: it is a classified fund listed and traded, that is, an innovative closed-end fund. This kind of fund has a high shareholding ratio, which of course depends on the specific type. Institutional funds also have debt-based funds.

Balanced fund: refers to a fund that disperses funds into stocks and bonds to ensure the safety and profitability of funds, with the purpose of obtaining current income and pursuing long-term appreciation of fund assets.

The main difference lies in the shareholding ratio. The proportion of stocks held by the three funds gradually increased from low to high.