Open-end fund shareholders buy the shares at net asset value and can redeem them at any time at the prevailing market price, which may be higher or lower than the price at which the investor bought.

• 开放式基金投资者按基金净值购买基金单位，并可随时按照现行市场价进行赎回，市场价可能高于或低于投资者当时购买基金单位的价格。