Fund expiration refers to the end of the closed-end period of closed-end funds. Generally speaking, at the end of the closed period, the redemption rate of the fund reaches the condition of no redemption rate, that is, the redemption rate is 0. Therefore, there is no formalities for investors to redeem the fund when it expires.

For example, the redemption rate of a closed-end fund in a closed two-year period is as follows: 0≤ holding days < 30 days, charged according to the standard of 1.5%; 30≤ holding days < 365 days, charged according to the standard of 0.50%; 365≤ holding days < 730 days, 0.25% will be charged; 720≤ holding days, and its redemption rate is 0; Therefore, investors redeem at the end of the closed period, and the redemption fee is 0.

The redemption rate of the fund is related to the number of days investors hold the fund, in which the higher the holding days, the higher the rate, the longer the holding days, the lower the rate, and even the redemption rate is zero.