Generally, when a fund is redeemed, it is sold first and bought first. Fund purchase times are different, and holding times are also different. In order to ensure that investors’ redemption rates are optimized, most fund companies will conduct redemption operations on a first-in, first-out basis when redeeming funds. When funds purchased at different times are redeemed and sold, the system will automatically give priority to selling the portion purchased first. In this way, when investors sell, the redemption rate will be different depending on the number of days they hold it. And, the longer you hold it, the lower the rate.

The system has records of investors buying funds at different times. When redeeming, the system automatically sells funds in order according to the purchase records. That is, the funds bought first in order are sold first. out. In addition, buying and selling funds are calculated based on shares. When investors sell the fund in batches, if the sold shares are not enough at the same buying time, the shares that are close to the buying time will be automatically sold, and the sold shares will be automatically sold. The remaining fund shares cannot be less than the minimum remaining shares specified by the fund company.