{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/505/946/#50-disclosure","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"505","topic_title":"Equity","subtopic":"505-946","subtopic_title":"Financial Services—Investment Companies","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Net Asset Value per Share","paragraphs":[{"citation":"505-946-50-1","para":"50-1","html":"
Net asset value per share shall be disclosed for each class of shares.
","snippet":"Net asset value per share shall be disclosed for each class of shares.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6d4ac95d927c514503cc784948a979a3596a645724a8ec83896f5c29e54eb1a","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ea4ad00087643d9d9f184d716d6cc3668fb5d6b99f76aed04a51aa606864f36d","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}},{"block":null,"heading":"Capital Share Transactions","paragraphs":[{"citation":"505-946-50-2","para":"50-2","html":"
The net change in net assets (excluding amounts shown separately if equalization accounting is used) arising from capital share transactions shall be disclosed for each class of shares. All of the following components of the change shall be disclosed on the face of the statement or in the notes to financial statements for each class of shares:
  1. a
    The number and value of shares sold
  2. b
    The number and value of shares issued in reinvestment of distributions
  3. c
    The number and cost of shares reacquired
  4. d
    The net change.
","snippet":"The net change in net assets (excluding amounts shown separately if equalization accounting is used) arising from capital share transactions shall be disclosed for each class of shares. All of the following components of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8fad3660ffc008841902960953144b1b1c0346fe635ef394ecdf835f320bd157","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:82470e348a65b474e655c89f95162d1b0b127ab64038bc68dfbbd4b392730af5","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}},{"block":null,"heading":"Capital Contributions","paragraphs":[{"citation":"505-946-50-3","para":"50-3","html":"
Net assets at the beginning of the year and at the end of the year shall be disclosed. The balance of net assets at the end of the year shall agree with the comparable amount shown in the statement of assets and liabilities or in the statement of net assets.
","snippet":"Net assets at the beginning of the year and at the end of the year shall be disclosed. The balance of net assets at the end of the year shall agree with the comparable amount shown in the statement of assets and liabilit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:39802155c0ff9b1caf8ade96d2b0a64046f6fa3b3a5b8783c7d60031a8a8a7f1","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9258b3153f177381dd6369e22aea76a42151e6dcbb3aac74afbc08d5068cc63d","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}},{"block":null,"heading":"Multiple-Class Funds","paragraphs":[{"citation":"505-946-50-4","para":"50-4","html":"
For financial reporting purposes, a return of capital is not determined at the class level and distributable earnings is disclosed only at the fund level.
","snippet":"For financial reporting purposes, a return of capital is not determined at the class level and distributable earnings is disclosed only at the fund level.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5c7af31300c05a953411618501b8df9b4eb148d3a6b78d503abd58b0bf18951b","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8c4161b87d4ff526fb7c45d4c1288a099e6ebd345918a94f1db0394b5735a7bc","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}},{"block":null,"heading":"Dividends Paid","paragraphs":[{"citation":"505-946-50-5","para":"50-5","html":"
All of the following tax-basis components of dividends paid shall be disclosed in the notes:
  1. a
    Ordinary income distributions
  2. b
    Long-term capital gains distributions
  3. c
    Return of capital distributions.
","snippet":"All of the following tax-basis components of dividends paid shall be disclosed in the notes:\n(a) Ordinary income distributions\n(b) Long-term capital gains distributions\n(c) Return of capital distributions.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1dd3d693ca3178508c6cedb42cc216bf26b738ccd50f1d01f2e5d90b9cf07e79","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:838f1e23614d410f297434166f3b8164befcd76c4541e8528a4162f480262b5c","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}},{"block":null,"heading":"Difference Between Net Investment Income and Net Realized Gain and Actual Distributions","paragraphs":[{"citation":"505-946-50-6","para":"50-6","html":"
The primary reasons for any significant difference between total net investment income determined in accordance with generally accepted accounting principles (GAAP) and net realized gain and actual distributions shall be disclosed in the notes to financial statements.
","snippet":"The primary reasons for any significant difference between total net investment income determined in accordance with generally accepted accounting principles (GAAP) and net realized gain and actual distributions shall be…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d42c4829b9abede94eb052df8e15346f85ac9d1aaeea7467307bf2dd08ae964","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76e5151660cfece35a4d3629975e4d2250999c67eaf1b125956e7dbb88fa2b19","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce6abab8379577b284559164a7bbc0fedc3b56ae0bdfc3fd13b9cbedfa262e78","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce6abab8379577b284559164a7bbc0fedc3b56ae0bdfc3fd13b9cbedfa262e78","downloaded_from":"2026-09-10T00:40:54.495Z","last_downloaded_at":"2026-09-10T00:40:54.495Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478448","source_sha256":"af08955740f6848c3c031704cc4fe2cb0f519e6df5bd48207290171b4cb42ea0"}}