What type of fund is 515563 Securities E?

Jianxin CSI All-Index Securities Company Traded Open-End Index Securities Investment Fund (Fund Code: 515560, Subscription Code:

515563, hereinafter referred to as the "Fund") has been approved for registration by the China Securities Regulatory Commission (CSRC) under CSRC License No. [2019] 2162.

In order to fully protect the interests of the shareholders of the Fund, in accordance with the relevant provisions of the Prospectus of Jianxin CSI All-Index Securities Company Traded Open-End Index Securities

Securities Investment Fund and the Announcement on Offering of Shares of Jianxin CSI All-Index Securities Company Traded Open-End Index Securities Investment Fund

Securities Investment Fund

and other documents, Jianxin Fund Management Company Limited, the manager of the Fund ( hereinafter referred to as

"the Company") and CITIC Securities Company Limited, the custodian of the Fund, have reached a consensus.

Open-end funds are often required to keep a certain amount of cash available for redemptions, and when investors in open-end funds redeem their shares, it often forces fund managers to keep adjusting their portfolios, with the resulting taxes and loss of some investment opportunities being borne by long-term investors who didn't ask for redemptions.

This mechanism ensures that when some of the ETF's investors call for redemptions, it doesn't have much of an impact on the ETF's long-term investors (because the redemptions are in shares).

Comparing ETFs with closed-end funds, the similarities are that they are listed on the exchange, just like stocks, and can be traded at any time during the day, and the differences are:?

1) ETFs are more transparent. Since investors can make continuous subscriptions/redemptions, fund managers are required to publicize the net value and portfolio with a correspondingly faster frequency.

②Theoretically, there will not be much discount/premium between the net value and the market price of the ETF due to the existence of the continuous subscription/redemption mechanism.

Securities Times - CSI 500 Information Technology Index Traded Open-End Index Securities Investment Fund Listing and Trading Announcement