Investors can only redeem the fund when it is open, and the fund will be closed for one year, that is, it can be redeemed after holding the fund for one year. The liquidity of the fund is relatively poor, which is not suitable for investors with high liquidity requirements.

If investors demand higher liquidity, it is best to choose open-end funds. Open-end funds have no closed period and can be traded at any time. The fund implements T+ 1 trading, trading on the trading day, and confirming the share on the second trading day.