because the risks are different. The rise and fall of one-year and five-year funds are different because the income of long-term funds is often based on long-term industry, economy and market trends, while short-term funds are based on short-term market fluctuations. This is one of the reasons why the risk of a five-year fund is usually higher than that of a one-year fund. In addition, the expenses of the fund will also affect the income, and the management fee and handling fee will have a great impact on the total income of investors, especially when investors try to lock in the long-term investment period. Fund broadly refers to a certain amount of funds set up for a certain purpose. It mainly includes trust and investment funds, provident funds, insurance funds, retirement funds and funds of various foundations.