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Mutual Fund Split show incorrect prices pre-split

cwiener

I have a few mutual funds that split effective October 24. For some reason, the prices (but not the quantity) were adjusted for every day back to September 26 (four weeks back).

When I try to rebuild the price history, the prices are incorrectly adjusted for the specific dates of September 5, 12, & 19.

This results in an inaccurate price history - a sawtooth pattern in September followed by a huge drop in value lasting four weeks. Any way to fix this besides manually going in and correcting the prices for those specific days?

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Comments

John_in_NC

See this thread to explain what is going on. Many of us have seen this with splits, and it isn't a bug, but rather with reporting:

https://community.quicken.com/discussion/7965070/stock-split-pricing

Note NotaCPA's response explains what is going on: The Ex-Date is when the stock starts trading at the split price, and the Record date is when you see the actual split in your Quicken file-hence the artificial dip in value.

cwiener

Thanks for that as it is my exact situation and it’s both reassuring and frustrating to see that it’s not uncommon.

@NotACPA's explanation is a little puzzling to me since the 30-day lookback period is a constant and one would think the ex-date would vary by security. And, in my instance, the funds didn’t start trading at the split price until October 27 while the record date was October 24.