Let's say I were to invest 10,000$ in a mutual fund and it has an annual fee of 2%. If the fund gains over the year, then my actual gains would be after subtracting the 2% in fees. But if the fund has a loss over the year, the 2% would still be charged. My question is wouldn't this then dilute my holdings because the fund would sell some of my shares to get the 2% fee? So in the future I would have less shares in the mutual fund.