jreshbaugh, please do research to understand mutual funds before making such comments. JP Morgan (JPM) has not made any kind of move that would affect FPURX as much as it was. Net Asset Value (NAV) of mutual funds are not traded by the news. They are only affected by the CLOSING prices of the stocks/bonds/other investments that they hold and any financial decisions of the mutual fund itself, such as dividend distributions. When a dividend is distributed, it is cash paid out of the mutual fund, which automatically drops the total value of the mutual fund by the amount of cash removed. So, NAV is adjusted down accordingly. Whenever an abnormal dividend is distributed, the NAV will appear to drop excessively. However, if you have your account set to automatically reinvest the dividend, you should see the dividend added back to the value of your investment in the value of more shares. Sometimes there is a delay in the reinvestment of the dividend, so the account appears to take a hit before the new shares are added.
JPM was UP by 3.4% on 2013-10-10, which would have been a positive effect on 2013-10-10 FPURX Net Asset Value (NAV). JPM was down only 1 penny on 2013-10-11, which would have been negligible effect on 2013-10-11 NAV of FPURX.