Generally speaking, the closed period of open-end funds refers to a period of time when investors do not accept the application for fund share redemption after the fund successfully raises enough funds to declare the fund contract effective.

On the one hand, the closure period is set to facilitate the fund backstage (registration center) to make the best preparation for daily subscription and redemption; On the other hand, the fund manager can complete the preliminary investment arrangement according to the situation of the securities market. According to the Measures for the Administration of the Operation of Securities Investment Funds, the closed period of the funds shall not exceed 3 months.

Huitianfu Value Select Stock Fund is closed for three months!