The two-year fixed opening of the fund means that the fund will be opened regularly every two years. During the opening period, investors can apply for redemptions. After the open period, it will enter a two-year closed period, and so on, with regular openings every two years.

Fixed-end funds are closed-end funds and an innovative closed-end fund. They have the dual characteristics of open-end and closed-end funds. They generally adopt the operation mode of "closed management and regular opening". After a period of time, applications and redemptions will be opened in a centralized manner.