No, the negative rise and fall of the fund in the past year refers to the loss of the fund in the past year. For example, if the fund rose or fell by -5% in the past year, and investors held RMB 6,543.8+0,000, then investors lost 500 yuan this year, and the fund's profit and loss can be seen in their positions, without the need for investors to manually calculate.

The rise and fall of the fund is determined by the investment target. For example, stock funds mainly invest in a basket of stocks, and the rise and fall of the fund is determined by the stocks invested. If the invested stock goes up, the fund goes up, and the invested stock goes down, then the fund goes down.