Yes, but the probability is very small. The fund mainly invests in a basket of stocks, and the income of the fund is determined by this basket of stocks. The probability of a basket of stocks falling is very small, so the probability of the fund losing money is very small.

When the performance of the fund is extremely poor, the foundation will carry out liquidation, and after the liquidation, the remaining assets of the fund will be distributed according to the investor's shareholding. The assets of the fund are less than 50 million for 20 consecutive trading days, and the number of fund holders is less than 200 for 20 consecutive trading days, which will trigger the liquidation conditions.