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Updated capital gains estimates

Mutual funds and ETFs typically distribute taxable capital gains to shareholders each December.

The linked PDF file in this article lists Vanguard ETFs', stock and balanced funds', and bond funds' per-share net income amounts available for distribution as estimated through December 31, 2019, as well as the funds' and ETFs' estimated qualified dividend income and estimated per-share capital gains to be distributed this month. Capital gains estimates are broken down by short-term, long-term, and total gains. The file also lists the declaration date or record date for each fund and ex-dividend dates for ETFs.

Vanguard funds expected to distribute capital gains in 2019

See the updated list as a PDF

To estimate the distribution for a fund on the PDF list, multiply the fund’s total per-share capital gains estimate by the number of shares you own. Income estimates for funds of funds include estimated income dividends from the underlying funds in which they invest. We plan to provide updated Vanguard Managed Payout Fund information on December 17, 2019.

This is an updated and expanded version of the information announced on November 12, 2019. However, the information presented here is not final. Dividend amounts are estimated through December 31, 2019, and may change based on the net income a fund actually earns in the month of December. All estimates are subject to change due to share purchases or redemptions through each fund’s declaration date. Final distribution amounts will be added to our fund-distribution table and each fund’s profile page after the fund’s declaration date in mid- to late-December.

Note: Funds not listed did not expect, as of October 31, 2019, to distribute capital gains in December.


All investing is subject to risk, including possible loss of principal.

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors’ shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit Vanguard fund performance.

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