The holding time of the Fund refers to the time from the subscription confirmation date to the redemption confirmation date, that is, the holding time and days = the fund redemption confirmation date-the fund subscription confirmation date. The holding days of the Fund are calculated according to natural days, excluding non-trading days. Therefore, the seven days of the fund do not refer to working days.

For example, if an investor's purchase of a fund was confirmed last Tuesday, and the investor redeemed it this week, and the redemption confirmation date is Tuesday, then the investor will hold the fund for 7 days.

Generally speaking, the shorter the holding days of the fund, the higher the redemption rate, and the longer the holding days, the lower the redemption rate, or even the redemption rate is zero.

It should be noted that if investors buy funds in bulk, or make fixed investment operations, and sell them partially, then when calculating the holding days of their redemption funds, they will be calculated according to the principle of first-in first-out.