Mutual funds send out periodic account statements detailing reinvestment of dividend and capital gains distributions, new purchases or redemptions, and any other account activity such as service fees. This statement provides a running account balance by date with share accumulations, an account value to date, and a total of distributions made to date. These statements are invaluable for tax purposes and should be saved. The fund will also send out, in January, a Form 1099-DIV for any distributions made in the previous year and a Form 1099-B if any mutual fund shares were sold.
