Legal analysis: A fund is a certain amount of funds established for a certain purpose.

Legal provisions require that fund managers and fund custodians perform their fiduciary duties in accordance with the provisions of the law and the fund contract.

Fund unit holders enjoy returns and bear risks based on the fund units they hold.

Legal basis: "Securities Investment Fund Law of the People's Republic of China" Article 4 When engaging in securities investment fund activities, the principles of voluntariness, fairness, honesty and credit shall be followed, and national interests and social public interests shall not be harmed.