First, we must understand two concepts. The first is the closed period. This refers to the initial stage of the fund's operation after raising funds. During this period, the fund holder may not redeem the fund share. He is to facilitate the fund manager to better buy the target he wants to invest in according to his own plan. Then you should know something about the funds you subscribe for. He also invests in overseas gold exchange trading funds. Since he is also a fund, there will be ups and downs. Well, since you have invested in overseas funds, it means that you have opened a position, and there must be ups and downs. I wonder if my answer is clear.