The regular opening of the fund for two years means that the fund adopts the mode of closed operation during the closed period and regular opening between closed periods. That is to say, it will be closed for two years, then it will be opened for a while, and then it will continue to be closed.

Fund is a kind of collective securities investment, which has * * * income and * * risk. By issuing fund shares, investors' funds are managed centrally by fund custodians, and fund managers manage and use funds to invest in financial instruments such as stocks, bonds, foreign exchange and currencies, so as to obtain investment income and capital appreciation.