Belong to. The first batch of Public Offering of Fund approved to add Y share are pension target funds, and the one-year holding period (Y share) of Guangfa Steady Pension Target under Guangfa Fund is also among them. Pension target fund is a kind of fund specially designed for pension investment, aiming at pursuing long-term stable income and providing old-age security for investors. This kind of fund usually adopts the form of FOF (fund in fund), which spreads the investment risk and realizes the steady appreciation of assets by investing in different types of funds such as stocks and bonds.