2006-12-09 06:31:22 · 3 answers · asked by jcamp989 1 in Business & Finance ➔ Investing
Funds are going ex-dividend this time of year. That is approximately the amount of the dividend that it will pay at year end.
2006-12-09 07:00:08 · answer #1 · answered by Anonymous · 1⤊ 1⤋
Mutual funds own stocks for many different companies. Sometimes it will own the stock for 10, 15, or 20+ years. When the fund decides to sell the stock, it needs to pay a capital gain. This capital gain in divided enevly between all the shares of the fund that have been issued.
Your fund probably just paid $2.21 per share in capital gains. If you reinvest your dividends & capital gains then your # of share swould have increased at the same time the share price decreased.
2006-12-09 07:52:06 · answer #2 · answered by MR MONEY 3 · 2⤊ 1⤋
Because people dont have a clue on what goes on in these crappy mutual fund and the company does not tell you anything either. By tlhe looks of your fund also, it only good for losing money.
http://finance.yahoo.com/q/hl?s=ACRNX
http://finance.yahoo.com/q/hp?s=ACRNX
2006-12-09 08:54:24 · answer #3 · answered by Grandpa Shark 7 · 0⤊ 1⤋