Redemption, also known as repurchase, is aimed at open-end funds. Investors directly or through an agency request the fund management company to withdraw part or all of the investment from the fund and remit the repurchase money to the investor's account. People usually refer to funds mainly as securities investment funds.

The redemption fee of the Fund is collected when investors redeem the fund shares, and the balance after deducting marketing and registration fees belongs to the fund property. 25% of the redemption fee of the Fund belongs to the property of the Fund. The redemption rate of the Fund is not higher than 0.5%, which decreases with the increase of holding period.

Holding period redemption rate

1 0.5% in a year

1 year or more (inclusive) -2 years 0.25%

More than 2 years (inclusive) 0

Note: As far as redemption fee is concerned, 1 year means 365 days, and 2 years means 730 days.