What is the typical ex-dividend date for a mutual fund relative to its record date?

The typical ex-dividend date for a mutual fund is determined by the fund itself and can vary depending on its specific policies and the timing of its dividend distribution. This flexibility allows mutual funds to set their ex-dividend dates in a way that aligns with their overall distribution strategies, which may take into account factors such as tax considerations or market conditions.

It's important to note that the ex-dividend date is the date on which a security begins trading without the value of the next dividend payment. For mutual funds, while there is often a general guideline, the exact timing will always rest with the fund’s discretion. Thus, the correct choice reflects this characteristic of mutual funds leading to a schedule that is uniquely established by each fund.