Fund dividend means that the fund manager will return your fund assets to you after realizing them for free, which is equivalent to redemption without handling fees. The proportion of fund dividends has nothing to do with the stocks held by the fund.

Fund redemption is traded according to the net value of the fund, that is, the net value of the fund you own. Stocks are traded according to the stock price, not the net value of the listed company, but the expectation of the future cash flow of the listed company.

Fund dividends are not taxed, and stock dividends may be taxed. The longer you hold shares, the lower the tax rate.