
This fuze is an impact type fuze similar to point detonating fuze M51A5. PD Fuze M535, however, includes booster M124 (T35E7) which provides a minimum delay arming distance of 35 feet.
No information about functioning.
MIL-HDBK-146, Fuze Catalog (1982)
TM 9-1300-203, Artillery Ammunition (1967)
TM 9-1385-51, Ammunition (Conventional) for Explosive Ordnance Disposal (1967)