China's individual pension product pool is expanding. On September 29, 26 fund companies, including E Fund and China Asset Management, collectively announced the addition of "Y" share classes for their balanced hybrid funds or secondary bond funds to the individual pension scheme. This marks the first time "fixed income+" products have been included in the individual pension fund directory, which previously only comprised target-date FOFS and index funds. Following this expansion, the total number of individual pension funds has approached 350. According to brokerage research reports, the median annualized return of these products over the past three years is 4.16%, with a median maximum drawdown of 3.11%, and the "Y" share class fees are generally discounted by 50%. Industry insiders believe this move fills the gap between pure fixed income and equity-oriented products, creating a more complete product spectrum suitable for investors with low-risk preferences.