The proportion of cash held by the fund indicates the position of the fund. The higher the proportion of cash held by the fund, the lower the position of the fund, indicating that the fund manager is not optimistic about the future market; Conversely, the lower the cash ratio of the fund, the higher the position of the fund, indicating that the fund manager is optimistic about the future market.

The proportion of cash held by the fund seen by investors is as of the end of last quarter, so although it has certain reference value, it may not reflect the current real situation of the fund.