According to the regulations of the China Securities Regulatory Commission, the disclosure requirements of the Fund's regular announcements (including quarterly, semi-annual and annual reports) are as follows: "Within 90 days after the end of each year, the summary of the annual report will be disclosed in the designated newspapers and periodicals, and the full text of the annual report will be disclosed on the manager's website; Within 60 days after the end of the first half of the year, disclose the summary of the semi-annual report in the designated newspapers and periodicals, and disclose the full text of the semi-annual report on the administrator's website; After the end of each quarter 15 working days, the quarterly report of the Fund will be disclosed in the newspapers and websites designated by the administrator. " Compared with the fund's annual report and semi-annual report, the quarterly report of the fund has less contents, mainly including the general situation of the fund, main financial indicators and net worth performance, manager's report, portfolio report, changes in open-end fund shares and so on. According to rough statistics, the length of general fund quarterly reports is more than 10 pages. Next, we take the second quarterly report of Guo Fu Middle and Small School (450009) as an example to tell students how to pay attention to the quarterly report.