I can't see the net value of the fund because the net value of the OTC fund is not real-time. Generally, after the market closes on the same day, it will be announced after the statistics of the fund manager, the audit of the fund custodian and the audit of the fund supervision institution. Therefore, the net fund value of the day will not be seen until after 9 pm. The trading day before Monday was last Friday, and the net value of last Friday was announced on Friday night.

The price of on-site funds is transparent and can be auctioned, so the price of on-site funds can directly look at the market trend. Only OTC funds need liquidation statistics and then submit them to the CSRC for review, while the total assets and liabilities of the funds are invisible to retail investors.

Internet funds hold all US and Hong Kong stocks. When we 15:00 closed, Hong Kong stocks were not closed and US stocks were not opened. In other words, the stocks held by the fund we want to buy are either being traded or have not started trading on the same day. In this case, it is naturally impossible to estimate the net value of the day. So I can't see the estimate of the net value of China Internet Fund on that day.

In fact, it's not just the China Internet Fund that can't see it. As long as QDII funds invest in overseas markets, we will not see the estimated net value of the day.