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3-for-1 split on Schwab ETF's

Herb A

On October 11th, 2024, Charles Schwab Inc did 3-for-1 splits on many of their ETF's. Now the Total Gains shown in Quicken are grossly inaccurate. For example, on one of my ETF's (FNDX), Schwab says my total gain YTD is $4,322, but Quicken now says my loss is -$33,528. Total Market Values and Cost Basis match, but not the Total Gain/Loss YTD. The same error occurs across several of my other Schwab ETF's that all had the same split on 10/11/124. Surely, Quicken and Schwab can put their heads together and figure this one out.

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Comments

Jon

How did you account for the additional shares that resulted from the split? Did you enter a stock split transaction for each mutual fund? Quicken should handle things correctly if you do that. I went back & checked the portfolio screen for June 2014 when I last had a stock split, and it looks correct (including the YTD gain/loss columns).

I'm assuming here that this is an account with Detailed investment tracking so you can see the transaction register. If it uses Simple investment tracking then there's not really anything you can do.

Herb A

FIXED. I noticed that the download from Schwab recorded the 3-for-1 split as simply an "add shares" transaction. I then modified that transaction manually from the "add shares" approach to make it a "stock split" transaction. All is well after that manual revision.

Glenys Groome

I'm also experiencing an issue with the stock split. I did NOT accept the Quicken auto adjustment but did the entries manually. I have this stock across a number of different accounts (ROTH, Traditional, Mutual Funds). Every time I update one account, it changes the allocation in another account and so on and so on. Extremely frustrating. I hope there is going to be a "fix" very soon!

Jon

@Glenys Groome Are you using Quicken Mac, or are you still using Quicken Windows as your previous posts suggest? If you're a QWin user you might want to ask over on one of the Quicken Windows areas for specific advice on how to handle the split in the Windows version.