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Core Viewpoint - The article discusses the compensation scheme for investors affected by the valuation adjustment of the Guotou Ruijin Silver Fund, highlighting the reasons why certain investors are not eligible for compensation [1][11]. Group 1: Compensation Scheme Details - The compensation scheme applies only to individual investors who submitted redemption requests between January 30, 2026, 3 PM and February 2, 2026, 3 PM [5]. - Investors who did not redeem their shares are considered to have only experienced "paper fluctuations," and thus are not eligible for compensation [4][14]. - The cumulative net asset value return for the silver LOF fund on February 2 and 3 was -29.23%, closely matching the 29.34% decline in silver futures, indicating that non-redeeming investors were not significantly impacted by the valuation adjustment [6][16]. Group 2: Market Expert Insights - Market experts emphasize the distinction between "realized losses" for redeeming investors and "unrealized paper losses" for those who held their investments [5][15]. - The different trading mechanisms between on-market trading and off-market redemption mean that on-market investors are not covered by the compensation scheme, as their transaction prices reflect real-time market conditions [8][18]. - The valuation adjustment process was initiated to maintain fair valuation and prevent "first redemption advantage" behaviors during extreme market conditions, which protects the interests of all investors [8][19]. Group 3: Future Recommendations - Experts suggest that the asset management industry should improve its emergency response mechanisms and enhance the timeliness of information disclosure to better protect investor interests during market volatility [9][19].