FYI: Tuesday's column touched on an unusual topic: whether a fund's reported results match what its shareholders received.
(This issue should not be confused with Morningstar's statistic of "investor return." That measure attempts to gauge whether investors, in aggregate, used a mutual fund effectively. In contrast, today's subject has nothing to do with investor decisions. Instead, it addresses quirks in performance calculations that can create differences between what is published and what a fund's shareholders realize.)
Regards,
Ted
https://www.morningstar.com/articles/935864/is-that-funds-performance-for-real.html
