Most daily newspapers publish pages of information about all mutual funds. Here’s how to follow some of the typical jargon: Look for American Funds in the alphabetical listing. Fund listings will be separated by share class. (Class B, C and F share listings will be available on a fund-by-fund basis once each fund’s assets in each respective share class have reached $10 million.)
In the first column, find the abbreviation for your fund or funds. For example, ICA is The Investment Company of America®; Wsh is Washington Mutual Investors FundSM.
The second column shows the NAV, the net asset value per share at the close of the previous business day. This is the amount per share you would have received if you had sold shares that day.
The next column is the offering price, the price per share you would pay if you had invested at the maximum sales charge on the previous business day.
There is usually a column showing the change, if any, in net asset value from the previous trading day. Changes, up or down, are caused by changes in the value of the fund’s holdings. The fund’s NAV will also fall the day it pays a dividend.
Money market funds are not listed in the newspaper on a daily basis because they are managed to provide a net asset value of $1.00 per share (which is not guaranteed). However, their yields are listed weekly in many newspapers.
Determining the value of your investment
Multiply the value of each share (its NAV) by the number of shares you own.
Remember that if you reinvest dividends and capital gain distributions (as most shareholders do), the number of shares you own keeps increasing.
You can find your current share balance on your most recent statement or by calling our 24-hour automated touch-tone phone service at 800/325-3590. (Of course, the Your Portfolio page in “Your Accounts” provides the latest available NAV, number of shares and value for each fund you own if you’d rather not do the math yourself.)