Originally Posted by ER_Hopeful
l ... but does it affect your rate of return, I guess that's my real question
The price of an open-end fund, subject to a few niggling details*, is the net asset value of the fund per share. So, no, rate of return is not affected by price.
*ETF prices are more likely to be slightly off the exact NAV due to bid/ask spreads and the behavior of the authorized participants (https://www.investopedia.com/terms/a...articipant.asp
), but the differences aren't material (IMO) for investors, only for some traders.