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Why doesn't the fund pay dividends?
Fund companies do not pay dividends. The high probability is that the investment of fund companies is at a loss at present. If they don't make money and pay dividends, the net value of the fund will continue to fall. I believe this is what investors don't want to see.

However, there is no need for investors to be obsessed with fund company dividends, because investors' income is reflected in the net value of the fund, and the net value of the fund will decrease accordingly after dividends, so dividends and non-dividends are completely the same thing.