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Author: breakermaker One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25318  
Subject: Re: Embezzlement from 401K? Date: 10/4/2001 7:00 PM
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No it does not seem ignorant - its a valid question.

But I have checked my account and the discrepancies I have found are on days when there has been no money deposited into the account, nor has there been a withdrawal. The statement for that day shows 0 for each deposit, withdrawal and transfer. It shows a begining unit balance and an ending unit balance for the day. The ending unit balance is slightly lower than the begining unit balance.

I understand that the NAV of the fund will fluctuate daily and consequently the value of my account will also fluctuate but I do not think that the number of units (shares) should decrease for any reason.

I also understand that the fees and expenses of mutual funds are generally taken out before reporting the NAV for the day. That means the NAV that the mutual fund company reports is the change in the price of the underlying stocks minus the expenses and fees of the fund.

I am not suggesting that this is in fact an embezzlement - that was suggested as a possibility in the response to my posting on the Quicken board.

This discrepancy could very well be legitimate, but the fact that the company does not provide any explanation for the change in the number of units is what bothers me. And that is what I am trying to find out.
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