1. Huaxia Wealth Management Fund can be bought and sold at any time, provided that it is an ETF fund when it is listed and traded. Funds belong to stock funds, and their risks and returns are higher than those of hybrid funds, bond funds and money market funds. The Fund mainly invests in the underlying index constituent stocks and alternative constituent stocks, which is a product with higher risk and higher income among stock funds.

2. Transactional open index fund, also known as exchange traded fund (ETF), is an open-end fund with variable fund shares listed on the exchange.

3. Transactional open-end index fund is a special type of open-end fund, which combines the operating characteristics of closed-end fund and open-end fund. Investors can buy or redeem fund shares from fund management companies, and at the same time, they can buy and sell ETF shares in the secondary market at the market price like closed-end funds. However, the purchase and redemption must be replaced by a basket or a basket of fund shares. Because the securities market transaction and the subscription and redemption mechanism exist at the same time, when there is a price difference between the ETF market price and the net value of the fund unit, investors can carry out arbitrage trading. The existence of arbitrage mechanism makes ETF avoid the common discount problem of closed-end funds.