The closing time is generally 1 year, 3 years, etc., and the closing period will not be less than one year. During the closing period, investors cannot conduct transactions through fund companies and third-party fund sales platforms. If the fund is listed, investors will not be able to trade.

Fund shares can be transferred to the exchange for trading, otherwise you have to wait until they are opened for purchase.

After the pension target fund is opened, investors can choose to redeem or continue investing in the fund to earn greater returns.

Article 5 of the "Guidelines for Pension Target Securities Investment Funds (Trial)" Pension target funds should adopt a regularly open operation method or set a minimum holding period for investors to match the fund's investment strategy.

The closed operation period for the pension target fund to be opened regularly or the minimum holding period for investors should be no less than one year.

Pension target funds have a regularly opened closed operation period or the shortest holding period for investors is not shorter than 1 year, 3 years or 5 years. The fund invests in stocks, stock funds, hybrid funds and commodity funds (including commodity futures funds and

In principle, the total proportion of gold ETF) and other varieties shall not exceed 30%, 60%, and 80%.