How to use
- Filter by index — Nasdaq 100 or S&P 500.
- Filter by status to see only what is still buyable, or only what has closed.
- Search by fund code or name.
- Sorted by daily cap, largest first by default, with unbuyable funds pushed to the bottom.
- Click a fund code to open its official page.
The timestamp above the table shows when the data was last fetched. Confirm the current cap with the fund company or your broker before placing an order.
Why QDII funds get capped
To read this table you need to understand where the caps come from.
QDII stands for Qualified Domestic Institutional Investor. Because the renminbi is not fully convertible, a Chinese fund company that wants to put domestic money into US equities must first convert renminbi to dollars and remit them offshore — and that conversion consumes a foreign-exchange quota granted by the State Administration of Foreign Exchange.
Three properties of that quota drive everything you see here:
It is approved firm by firm and centrally capped. Quota is not allocated by the market. It is granted to individual institutions, and the industry-wide total is managed as a matter of macro policy. More demand does not produce more quota.
It depletes. A fund granted 500 million dollars of quota spends it as investors subscribe. The faster money comes in, the sooner it runs out.
New grants are irregular and never promised. There is no published schedule for when additional quota is issued, how much, or to whom.
So when a Nasdaq 100 fund nears its ceiling, the company has two options: suspend subscriptions outright, or lower the daily cap so the remaining quota reaches more investors. The second is what you see as “capped” — ceilings dropping from a million yuan to a hundred thousand, to a thousand, and in the extreme to a daily cap of five yuan, which is close to symbolic.
A tightening cap is therefore not a bad signal. It usually means the fund is popular and burning quota quickly. The situation worth questioning is the opposite: a fund that stays wide open while its assets do not grow.
Reading the table
Daily cap is the maximum a single fund account may subscribe in one day. It is not the fund’s remaining quota. Accounts opened at different distributors are usually counted separately, but that is a distributor rule and varies — do not assume it.
Share class differences matter more than you would expect. A and C classes of the same fund differ in fee structure, not usually in cap. But RMB and USD share classes often have completely different caps, because they consume quota differently: the RMB class requires the manager to convert currency, the USD class does not. When quota is tight, the common pattern is an RMB class throttled to a few yuan while the USD class remains normally open.
“Capped” does not always mean buyable. Some funds are labelled capped while the actual daily ceiling is zero. This tool reclassifies those as suspended, so you find out here rather than at the order screen.
Three options when you cannot buy, and what each costs
Buy the listed ETF. Both indices have exchange-traded equivalents that settle like stocks and consume no subscription quota. The cost is premium: when quota is scarce, listed QDII products routinely trade well above net asset value, historically by more than twenty percent. Buying into a large premium means losing money even if the index does not fall, as the premium normalises. Always check the live premium before ordering.
Spread across funds. A single index is usually tracked by seven or eight competing products. Filling each one’s daily cap adds up. The cost is a fragmented portfolio and differences in tracking error and fees between managers.
Wait for quota to be released. When a manager receives new quota, or large redemptions free up room, caps reopen — usually with an announcement. This costs nothing but attention, which is precisely what this table is for.
About the data
The data comes from a public endpoint of Eastmoney (Tiantian Fund) and is refreshed once a day. The fetch timestamp is shown above the table.
If a fetch fails or returns implausibly few records, the previous dataset is kept rather than showing an empty table — stale financial data is bad, but a blank table that looks authoritative is worse. When the data is more than three days old, the page says so explicitly.
This remains a second-hand presentation of third-party data and may be delayed or incorrect. This page is for reference only and is not investment advice. The fund company’s own announcement is the only authoritative source.