What does a one-year lock-up period mean?
It means that funds are not allowed to be redeemed within a one-year lock-up period, just like closed-end funds are closed for one year. After buying such funds, you must make a good plan for capital turnover, because investors can only redeem their own shares that have passed the lock-up period.
Open-end funds have a collection period when they are first issued. During the fundraising period, fund companies should open positions and make good investment preparations. This period is called closed period and locked period. You cannot subscribe during this period. After opening and closing, you can subscribe.
The fund lock-up period is calculated from the date of obtaining a single share. When the open-end fund was first issued, there was a raising period. During the fundraising period, fund companies have to open positions and make investment preparations, so there will be a fund lock-up period. Buying a fund with a lock-up period requires investors to have a good understanding and control of their investment needs and liquidity management.
After reading the above introduction, I believe you have a further understanding of the fund lock-up period. The fund lock-up period is the same as the fund closed period, during which you can't buy or sell, so you need to make relevant preparations to buy such funds.