The crude oil fund will not fall to no principal. Because after the crude oil fund falls to a certain extent, the fund may be liquidated. Moreover, the crude oil fund has no leverage, so even if it falls, it will not fall to no principal. Many crude oil funds invest in crude oil-related listed companies instead of crude oil futures, so even if the stock falls, it will generally not fall to 0.

According to the relevant laws and regulations of China Fund, if the net asset value of the fund is less than 50 million yuan for 60 consecutive days, or the number of fund share holders is less than 200 for 60 consecutive days, the fund manager has the right to announce the termination of the fund after being approved by the China Securities Regulatory Commission.