No, the fund mainly invests in a basket of stocks. The rise and fall of the fund is mainly determined by the stocks invested. When the invested stock goes up, the fund goes up, and when the invested stock goes down, the fund goes down.

The fund manager plays an important role in the ups and downs of the fund, because the stocks invested by the fund are mainly decided by the fund manager, so the investment level of the fund manager will also affect the income of the fund.