Open-end funds listed and traded refer to securities investment funds whose fund units are listed on the stock exchange. The counterparties of such funds are all investors according to whether they can be listed on the stock exchange. Open-end funds can be divided into listed open-end funds and contractual open-end funds.

Listed and traded open-end funds refer to securities investment funds whose fund shares are listed and traded on the stock exchange, and both sides of the fund are investors. For example, transactional open-end index funds (ETFs) and listed open-end funds (LOF).

Examples are as follows:

Huaxia 300 (fund code: 5 10330), a fund under Huaxia Fund Management Co., Ltd., is a trading open index fund.

South Jipei, South Gaozeng and South Jinli under southern fund Management Co., Ltd. are listed open-end funds.

Contractual open-end fund refers to the securities investment fund whose fund share cannot be listed and traded on the stock exchange. Although such funds cannot be listed and traded on the stock exchange, they can be traded through subscription and redemption. The counterparties of such funds are investors and fund companies.