Funds hold positions, even if they fall. The fund has a regulation, what type of fund it is, it will hold bonds and stocks in a relative proportion, and the fluctuation will not be too great. It's just a coincidence that non-pure debt funds encounter an increase in management fees today, so the income is just 0. In addition, it is very common for pure debt funds to earn 0 on the same day.

The fund's return on the day may be zero, just like holding the opening price and closing price of a stock, and its return on the day is zero; After the fund is established and raised, there will be no positions when the fund contract takes effect. The positions of different types of funds are different. Equity funds stipulate that more than 80% of fund assets are invested in stocks, bond funds stipulate that more than 80% of fund assets are invested in bonds, and the proportion of index funds is higher. There are also hybrid funds, which are more flexible in configuration, but it is impossible to have no positions at all. Similarly, private equity funds also have their own regulatory requirements, and it is impossible to have no positions.