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Mysunsai t1_jefvg91 wrote

1 full month. If you leave early or join late, the fund makes a prorated distribution.

It’s not quite the same regulatory framework as ordinary mutual funds, to allow money market funds to keep the price constant they don’t use the normal ex dividend trading schedule.


DeluxeXL t1_jefwgfn wrote

It's quite the same for any accrual based mutual fund, like pretty much all of the bond funds.

ETFs on the other hand, even bond ETFs, accumulate in the share price and drop out on ex-dividend date.


PotatoWriter OP t1_jefwill wrote

Interesting, didn't know about the prorated part - that's good to know, and makes sense