For details of the proportion of retail investors and institutions holding the Fund, please refer to the holder structure data of Tian Tian Fund Network or "Number of fund share holders and holder structure at the end of the period" in the fund listing announcement, interim report and annual report.

1. Open the website of China Securities Regulatory Commission official website.

2. Click "Fund Public Offering".

3. Enter the fund code you want to query, such as "16 1725". Select the corresponding code and query.

4. The page jumps to the drop-down page corresponding to the fund, and click "2020 Interim Report".

5. Click "Number of fund share holders and holder structure at the end of the period" in the catalogue of interim report.

6. See the number of fund share holders and the structure of holders for the ratio of institutional investors and retail investors (individuals) at the end of the period.