Because the asset allocation of these funds is mainly based on stocks, if you read the latest quarterly report of the fund, you will remember the proportion of stock assets held by the fund at the end of last quarter. The higher the ratio, the greater the impact of stock market ups and downs.

The general decline in stocks indicates that funds tend to be defensive in the future, so the allocation of fixed-income varieties or defensive stocks (that is, the kind that falls slightly) is increased in asset allocation; On the other hand, the decline of major large-cap stocks will affect the overall decline of the market, while the general rise of small and medium-cap stocks will also cause the net value of the fund to rise, because it is impossible for the fund to allocate all its assets to large-cap stocks. Except for the fund named "Big Blue Chip", other funds do not allocate large-cap stocks in a large proportion.

I wish you a good fortune in investment and financial management.