Yes, the fund will be opened after one year of maturity. It can be redeemed at any time during the opening period. After redemption, the principal and income will be automatically transferred to the investor's account. Closed-end funds have liquidity. It is relatively poor. If investors want to buy closed-end funds, they need to plan their funds in advance.

The fund implements T+1 trading. Redemption on the trading day is calculated based on the net value at the closing of the day of redemption. Shares are confirmed on the second trading day. After the shares are confirmed, the funds are received and general investors redeem. The fund company will then make the settlement, and the funds will not arrive until the settlement is completed.