 Solving for T gives

formula_71

Mutual funds include capital gains as well as dividends in their return calculations.Since the market price of a mutual fund share is based on net asset value, a capital gain distribution is offset by an equal decrease in mutual fund share value/price.From the shareholder's perspective, a capital gain distribution is not a net gain in assets, but it is a realized capital gain (coupled with an equivalent decrease in unrealized capital gain).