The duration of the fund is 5+2, that is, the "5+2" fund, that is, the investment period (closed period) of the fund is 5 years, and the withdrawal period is 2 years, that is, the fund will invest for 5 years, and the limited partner may not withdraw within 5 years. After five years, the limited partner can choose to withdraw or postpone the withdrawal for two years, that is, withdraw after seven years.

Extended data:

After the fund closure period, investors can buy and sell funds normally, that is, the duration of the fund. At this time, the fund subscription is called the fund subscription, and the fund price is different from the fund subscription, which is calculated according to the closing price of the day. The duration of closed-end funds is at least 5 years, generally 10- 15 years. Closed-end funds can be extended after expiration. As long as the fund holders recognize the operation of the fund, the duration of the open-end fund can last for a long time.

References:

Duration of Fund _ Baidu Encyclopedia