SIE: 5.3.8.3. Timing Mutual Fund Purchases

Taken from our SIE Online Guide

5.3.8.3. Timing Mutual Fund Purchases

When a fund pays a distribution, the NAV per share decreases by the amount of the distribution. Whether the investor takes the distribution in cash or reinvests it, the investor must pay taxes on the distribution. Many funds pay distributions annually. If an investor purchases share

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