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What does “Ex-Div”refer to?

April 26, 2017ex-div refer

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What does “Ex-Div”refer to?

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Every month the Funds pay dividends, and the value of the dividend is subtracted from the Funds’ NAVs on the Ex-Dividend date each month. So when the NAVs are reported with an “Ex-Div” behind them, it means that the amount of the dividend has been taken out of the Net Asset Value.