1. According to the query of Tian Tian Fund Network, the capital flow is too large: Guotai Lize Fund has a large inflow and outflow of funds in the short term, which affects the trend of the fund's net value.
2. Changes in investment decisions: The industry or market invested by Guotai Lize has changed, resulting in a decline in the net value of the fund.
3. Changes in the rate structure: The rate structure of Guotai Lize changed, resulting in a decline in the net value of the fund.