1. Changsheng Annual Income Fund is open for redemption, which means that the fund can be redeemed. 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.

2. Changsheng Annual Income Fund is a bond fund and a low-risk variety of securities investment funds. Its long-term average expected risk and expected return are lower than those of equity funds and hybrid funds, but higher than those of money market funds.