The fund valuation is not necessarily accurate, and it is calculated according to the data published in the quarterly report, which has a certain lag. If it is inaccurate for fund managers to change positions frequently, it is more accurate to change positions rarely.

Other large redemptions and new income may also affect the accuracy of valuation. Fund valuation should follow the following principles: 1. For investment products with active market, if there is a market value on the valuation date, the fair value shall be determined by the market value; If there is no market value on the valuation date, the economic environment has not changed significantly, and the securities issuer has not had any major events affecting the securities price, the fair value shall be determined by using the trading market price. 2. For the investment products with active market, if there is no market price on the valuation date, the economic environment changes significantly, and the securities issuer has a major event that affects the securities price, so that the impact of potential valuation adjustment on the fund's net asset value on the previous valuation date exceeds 0.25%, the trading market price should be adjusted with reference to the current market price of similar investment products and major changes to determine the fair value. 3. When there is no active trading market for investment products, and the impact of its potential valuation adjustment on the net asset value of the fund on the previous valuation date is more than 0.25%, the valuation technology generally recognized by market participants should be adopted, and the fair value of the investment products should be determined by verifying the actual transaction price in the past.