You got it wrong. Dacheng 2020 belongs to the life cycle fund. To put it bluntly, with the arrival of the deadline, the proportion of low-risk investments such as bonds has gradually increased. The target date is 65438+February 3, 20201. From the opening date to the target date, the risk of the fund gradually decreases with time. That is, the initial investment risk-return level of the fund is close to that of the stock fund. As the target date approaches, it gradually develops into a low-risk bond fund. Below is a picture, which is Dacheng 2020 life cycle table, which can be seen after approval.