First, the general questions. The QP mutual funds ARE adjusted. This is done by QP's data supplier. I assume it is programmatically. Unfortunately, they do not appear to be done 100% of the time. Part of the problem stems from the mutual fund companies themselves. Apparently, they are not required to supply this data to data suppliers. I know even in Fidelity's case, it sometimes takes a month before the actual distribution is posted on THEIR website. And Fidelity never seems to correct the fund prices on their own website for distributions.
When you complain to QP, I think QP make a manual adjustment. Now to your specifics. I checked both hflax and nezyx. hflax apparently made a distribution on 2/5/07 of $0.057, and that is included in QP (at least in my QP data). Likewise nezyx made a distribution on 1/31/2007 for 0.071, and that appears to be included in QP also. (You can quickly check by opening QP charts, and Ctrl-Alt-R to switch between raw and adjusted data. Also look at the distribution tab where all that have been included are listed.) It appears that hflax makes a distribution every month. Is that correct? If so, then QP does not have distributions for Sept., Nov, and Dec 2006. Are these the gaps that you are seeing? I could not find any problems looking at the nezyx distributions, but I assumed that the $ distributed was correct (I did not go to the fund's website). I trade mutual funds, and this is an ongoing problem. I have tried several data suppliers. QP does the best that I have seen, but they are not perfect. (In my previous E-mail there was a typo. I had checked 50+ funds, not 30+ to find the five problems). Fox example, five Fidelity Select funds were not updated in QP. All five went ex-dividend on 12/1/2006, and they were the ONLY Selects to go ex-dividend on that date. I assume that Fidelity just didn't send out the information, but I have no way of knowing. This whole distribution issue is very inconsistent for those who backtest. For example, do you own/trade ETF's? For example, DIA, QQQQ, IWM, etc, all pay distributions, as do international ETF's such as EWP, EWD, EWS, etc. I have not found ANY data supplier that corrects for those distributions. But they should be. The % distributions can be fairly large. So how do you get a "valid" backtest of ETF's? You don't. I suggest you use QP's Mutual Fund Editor. (If you don't have it, send a note direct to Gary requesting it.) Here is the procedure I follow. I wait a month or so after the ex-dividend date. If QP has not included the dividend, I use the Mutual Fund Editor to fix it. Now I realize that there are 13,000+ mutual funds, and you can't do this on every one. But how many do you follow seriously? Most funds provide their largest dividend in December. A quick scan of charts that you are interested in will tell you if there is a large % down gap. Perhaps you can find a data supplier that gets all of the mutual fund distributions done correctly, and is available at a reasonable price. As I said, I haven't. I have learned to live with the QP imperfections. Harry On 11 Feb 2007 08:36:15 -0000, "investor0329" [EMAIL PROTECTED] wrote: >>I currently own hflax and nezyx. Both have recent distributions >>according to QP. Neither look like they were adjusted. That is 2 for 2. >>If you look at a graph of these, you can see the gapping price movement >>where an adjustment apparently was not made. >> >>So..are mutual funds adjusted, or not? Is it done programmatically or >>by hand? Are some adjusted, and others not? This isn't the first time >>hflax hasn't been adjusted...as I have called it in before.
