Hello All,
Long time lurker. But registered because I am perplexed by this.
I work for a large company. I am invested in index funds within our companies 401k plan through Fidelity. The index funds I have to choose from are managed by BlackRock. It says the fund is a collective investment trust.
None of the funds pay dividends. I called Fidelity but they could not explain where the dividends are going so I am asking a much smarter community to help explain to me how this fund works? I know they are getting dividends but have no idea how they are given back to me. Im assuming in share price somehow but it seems very strange.
Thank you for any help