The three-year fund is a closed-end fund, and the fund can't do any transactions during the closed period, so there is no early redemption. Investors can only sell after the fund expires or after listing on the stock exchange.

Closed-end fund refers to closed-end fund. Closed-end funds are closed after their establishment, and no operation can be done during the closed period. If you want to purchase and redeem, you need to wait until the fund is listed and traded or open regularly.