Generally, it can be redeemed in full. All of the following situations cannot be exchanged:

1. During the closed period of the fund, investors cannot redeem it, but can only redeem it after the closed period ends.

2. The large redemption of open-end funds may be restricted and need to be redeemed several times. For example, if an investor holds 6,543,800+shares of a fund, and the maximum redemption amount of the fund on that day is 50,000, the investor can redeem it within two trading days.

3. During the suspension of the Fund, that is, during the suspension of subscription and redemption, the Fund cannot be fully redeemed, and the redemption operation will be carried out after the resumption of trading.