Okay. About your dividend question, it works exactly like stock market as well.
Suppose it gives out dividend quarterly, and suppose next dividend will be paid in April 5, 2002. And it requires you to hold the mutual fund on March 15 in order to get the dividend.
So if you buy the fund in March 14 and hold it to April 5, you will get dividends for this whole quarter. If you buy the fund in January 1, and sell it at March 14, that means you won't get any dividends.
There is a specific technical term for the date March 15, but I forgot, sorry.