Mutual Fund Question

[Jodi1980]

I'm going through my daughter’s mutual fund information with American Century - When the statement states 'Cap/Share; Dollar amount is $191; and share price is $18.11 for a total of 10.55 shares – is this like her earned money for the year?

 

[Toby'sFriend]

no

She currently owns 10.55 shares
If she sold them at their current price, they would pay her $18.11 for each share.

So the value of her holdings is currently $191.

How much money she made during the year depends on what the price was when she bought the shares, as well as what kind of dividends were paid during the year.

 

[Jodi1980]

But we purcahased 146 shares to start with - so confusing!

 

[CEDmom]

Without actually seeing the statement I think what you're looking at is dividends/capital gains that have been reinvested during the year, the value of which is now $191. Are there any explanations on the back of the statement? Also, you should get a tax statement from American Century outlining everything you need to report. Investment Firms have until 1/31 to get all tax statement in the mail.