The official explanation of pension target fund, or pension target fund, is as follows: pension target fund refers to a publicly raised securities investment fund that aims at pursuing long-term stable appreciation of pension assets, encourages investors to hold them for a long time, adopts mature asset allocation strategies, and reasonably controls the risk of portfolio fluctuation. To put it bluntly, it is to tell you: this money should be kept for the elderly, and the time should be longer.
It is equivalent to your own pension reserve outside social security. To put it bluntly, it is more inclined to supplement personal pensions in addition to social security.