The transferred-out fund can be redeemed and the transferred-out fund can be purchased. This condition determines that closed-end funds cannot be transferred out, and the fundamental reason is that they cannot be redeemed.

These two funds belong to the same fund company.

The two funds are the same clearing house. For example, the settlement institutions of LOF and ETF funds are all Deng Zhong companies, so they cannot be converted with ordinary open-end funds.

Transfer-out funds and transfer-in funds are the same way to collect subscription fees. For example, the front-end subscription fee mode can only be converted into the front-end subscription fee mode. But at present, this rule no longer exists in some channels.