Operating a fund is not a steady profit, and fund investment is also risky. There are the following types of fund risks:

1. Policy risk. Due to the development and changes of national policies, the fund's income fluctuates.

2. Credit risk, the credit risk of the invested wealth management products themselves, and the credit risk caused by some defaults affect the fund's income.

3. Interest rate risk, changes in market interest rates will change bond returns and indirectly affect fund returns.

4. Business risks, improper management of the company and poor returns may all lead to the decline of the company's share price and affect the fund's income from investing in stocks.

5. Business cycle risk, the fund's income level changes with the change of business cycle.