Purchase/redeem Funds

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Posted by H. C. Pierce on January 11, 2007 at 20:11:01:

Mark: I do not understand what is happening with funds where distributions are re-invested. When the distribution is credited to my fund and converted to additional shares, the value and number of shares go up; however, the cost (the total investment in the fund) which should have risen due to the new investment of the dividend value does not show any increase. This does not seem proper.

Conversely, If I sell shares the number of shares decreases and the cost of the fund is decreased. This seems proper.

Further, there is no provision to designate the transfer location of the proceeds of a sale not the source of a cash transfer to fund a purchase.

Best regards, Chuck Pierce

Replies:

• Re: Purchase/redeem Funds Mark 20:30:09 01/11/07 (2)
  • Re: Purchase/redeem Funds H. C, Pierce 23:52:51 01/11/07 (1)
    • Re: Purchase/redeem Funds Mark 00:22:23 01/12/07 (0)