Yes, Tian Tian Fund Network can only subscribe during the collection period of closed-end funds. After the establishment of the fund, it will enter a closed period, and no transactions can be made during the closed period. Closed-end fund shares subscribed over the counter can be transferred to custody across systems, and closed-end funds can be sold after listing and trading.

Closed-end fund is a kind of fund. Closed-end funds are closed after their establishment, and no operation can be done during the closed period. If you want to purchase and redeem, you need to wait until the fund is listed or opened regularly, and the fund scale is fixed.