The rise and fall of the fund depends on whether the stock invested by the fund is up or down. When the stock invested by the fund goes up, the fund goes up, and when the stock invested by the fund goes down, the fund goes down.
Closed-end fund refers to the total fund shares issued when the fund is established. After the initial issuance reaches the scheduled issuance plan, the fund is declared to be established and closed, and the fund share will not increase or decrease unless it is specially approved. If new investors want to buy fund bonds, they can only buy them from fund bondholders, not from fund companies.