契约型基金本质上是一种信托关系，它赋予受托人充分的自由度和信托资产的控制权，容易产生道德风险。
Contractual fund is a kind of trust relationship, which gives the Trustee much freedom to manage the fund property, it may bring on the moral hazard.
当孩子们21岁的时候可以通过基金信托人那里使用这些基金，但是他们必须到30岁才能自由接触他们所获得资产的三分之一。
The children can apply to fund trustees for cash when they reach 21, but they will have to be 30 before they get free access to a third of their share.
信托的制度功能在于财产转移与财产管理，与此相对应的信托的基本价值取向便是自由与效率。
Since the system function of trust lies in property transfer and property management, the basic value orientation correspondingly falls on freedom and efficiency.
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