2. No one can guarantee to buy the fund with the lowest price, only choose the opportunity to reduce the purchase cost. As long as it is held for a long time, not in the band, it is actually the same when you buy it. Persisting in long-term holding is definitely higher than the return of holders who often convert, redeem and repurchase.

3. Closed period refers to the time when the fund manager can't accept the subscription, redemption and other businesses within the time limit stipulated in the fund contract and prospectus at the initial stage of the establishment of an open-end fund. According to the regulations, the maximum closure period shall not exceed 3 months. If the fund is held for a long time, if the money runs out, the fund can be redeemed. Generally, the fund redemption is free after 3 years, and the handling fee of 0.5% is charged after 3 years.