'Tis the Capital Gains Distribution Season

Distribution Season Is Back—Dates You Need to Know

November 10, 2021

Distribution Season Is Back—Dates You Need to Know

The end of the year brings a blur of activities and festivities—call it the Hallowgivemas season—but there’s at least one annual rite that investors should take the time to mark with due respect: Annual mutual fund distributions.

Most mutual funds pay out any accumulated income or capital gains next month. If held outside of tax-advantaged retirement accounts such as IRAs or 401(k)s, distributions are taxable in the year they are received and must be included in your returns next April. Knowing when and what your funds will be paying out can help you avoid costly surprises next spring.

This can be a little tricky. There are two key dates you’ll need to know: Your fund’s “record date” and its “ex-dividend” date.

The record date is the deadline by which investors must be on the company’s books in order to receive a stock’s dividend. If you own shares by the fund’s record date, you are eligible for distributions.

The ex-dividend date is the date on which the fund’s price is reduced by the amount of the dividend or capital gain. The ex-dividend date is usually one business day after the record date. If you purchase shares of a fund prior to its ex-dividend date, you’ll pay taxes on the distributions even if you didn’t own the shares when that income was earned.

In other words, you should avoid buying into a fund shortly before the ex-dividend date—otherwise you could end up “buying the distribution” and paying taxes on gains you never actually realized.

Instead of buying now, we advise that investors wait until after the ex-dividend date to buy a fund (or additional shares) for taxable accounts.

To make this simple for Vanguard and Fidelity funds, below is a handy list of their final 2021 income or capital gains distribution dates. Funds that do not appear here are not expected to make any further distributions this year, though this information is subject to change, as are the distribution dates themselves.

Ex-Dividend Date: 11/09      Payable Date: 11/10

Fidelity: Fidelity Select Air Transportation Portfolio, Fidelity Select Communications Equipment Portfolio, Fidelity Select Computers Portfolio, Fidelity Select Transportation Portfolio

Ex-Dividend Date: 11/16      Payable Date: 11/17

Fidelity: Fidelity Select Energy Portfolio, Fidelity Select Energy Service Portfolio, Fidelity Select Natural Gas Portfolio

Ex-Dividend Date: 11/30         Payable Date: 12/1

Vanguard: Institutional Intermediate-Term Bond, Institutional Short-Term Bond, Intermediate-Term Corporate Bond Index, Intermediate-Term Treasury Index, Long-Term Corporate Bond Index, Long-Term Treasury Index, Mortgage-Backed Securities Index, Short-Term Corporate Bond Index, Short-Term Treasury Index, Tax-Exempt Bond Index, Total International Bond Index, Total International Bond II Index, Ultra-Short-Term Bond

Ex-Dividend Date: 12/1        Payable Date: 12/2

Fidelity: Fidelity Flex Conservative Income Municipal Bond Fund, Fidelity Flex Municipal Income Fund, Fidelity Arizona Municipal Income Fund, Fidelity California Municipal Income Fund, Fidelity Commodity Strategy Fund, Fidelity Conservative Income Municipal Bond Fund, Fidelity Conservative Income Municipal Bond Fund – Institutional Class, Fidelity Focused High Income Fund, Fidelity Global High Income Fund, Fidelity High Income Fund, Fidelity Intermediate Municipal Income Fund, Fidelity Limited Term Municipal Income Fund, Fidelity Maryland Municipal Income Fund, Fidelity Massachusetts Municipal Income Fund, Fidelity Michigan Municipal Income Fund, Fidelity Minnesota Municipal Income Fund, Fidelity Municipal Bond Index Fund, Fidelity Municipal Income 2023 Fund, Fidelity Municipal Income 2025 Fund, Fidelity Municipal Income Fund, Fidelity New York Municipal Income Fund, Fidelity Ohio Municipal Income Fund, Fidelity Pennsylvania Municipal Income Fund, Fidelity SAI Municipal Bond Index Fund, Fidelity SAI Municipal Income Fund, Fidelity Short Duration High Income Fund, Strategic Advisers Municipal Bond Fund

Ex-Dividend Date: 12/1        Payable Date: 12/6

Vanguard: Intermediate-Term Bond ETF, Intermediate-Term Corporate Bond ETF, Intermediate-Term Treasury ETF, Long-Term Bond ETF, Long-Term Corporate Bond ETF, Long-Term Treasury ETF, Mortgage-Backed Securities ETF, Short-Term Bond ETF, Short-Term Corporate Bond ETF, Short-Term Treasury ETF, Tax-Exempt Bond ETF, Total Bond Market ETF, Total Corporate Bond ETF, Total International Bond ETF, Total World Bond ETF, Ultra-Short-Term Bond ETF

Ex-Dividend Date: 12/3        Payable Date: 12/6

Fidelity: Fidelity Advisor International Discovery Fund, Fidelity Flex Conservative Income Bond Fund, Fidelity Flex Core Bond Fund, Fidelity Flex International Index Fund, Fidelity Flex Short-Term Bond Fund, Fidelity Flex U.S. Bond Index Fund, Fidelity California Limited Term Tax-Free Bond Fund, Fidelity Canada Fund, Fidelity Capital Appreciation Fund, Fidelity Capital & Income Fund, Fidelity China Region Fund, Fidelity Conservative Income Bond Fund, Fidelity Corporate Bond Fund, Fidelity Disciplined Equity Fund, Fidelity Diversified International Fund, Fidelity Emerging Asia Fund, Fidelity Emerging Markets Discovery Fund, Fidelity Emerging Markets Fund, Fidelity Emerging Markets Index Fund, Fidelity Environmental Bond Fund, Fidelity Europe Fund, Fidelity Floating Rate High Income Fund, Fidelity Focused Stock Fund, Fidelity Global Commodity Stock Fund, Fidelity Global ex U.S. Index Fund, Fidelity GNMA Fund, Fidelity Government Income Fund, Fidelity Intermediate Bond Fund, Fidelity Intermediate Government Income Fund, Fidelity Intermediate Treasury Bond Index Fund, Fidelity International Capital Appreciation Fund, Fidelity International Discovery Fund, Fidelity International Growth Fund, Fidelity International Small Cap Fund, Fidelity International Small Cap Opportunities Fund, Fidelity International Value Fund, Fidelity Investment Grade Bond Fund, Fidelity Japan Fund, Fidelity Japan Smaller Companies Fund, Fidelity Latin America Fund, Fidelity Limited Term Bond Fund, Fidelity Long-Term Treasury Bond Index Fund, Fidelity Mortgage Securities Fund, Fidelity New Markets Income Fund, Fidelity Nordic Fund, Fidelity Overseas Fund, Fidelity Pacific Basin Fund, Fidelity SAI Emerging Markets Index Fund, Fidelity SAI Emerging Markets Low Volatility Index Fund, Fidelity SAI High Income Fund, Fidelity SAI International Index Fund, Fidelity SAI International Low Volatility Index Fund, Fidelity SAI Long-Term Treasury Bond Index Fund, Fidelity SAI Low Duration Income Fund, Fidelity SAI Short-Term Bond Fund, Fidelity SAI Tax-Free Bond Fund, Fidelity SAI Total Bond Fund, Fidelity SAI U.S. Low Volatility Index Fund, Fidelity SAI U.S. Treasury Bond Index Fund, Fidelity Short-Term Bond Fund, Fidelity Short-Term Bond Index Fund, Fidelity Short-Term Treasury Bond Index Fund, Fidelity Stock Selector Small Cap Fund, Fidelity Sustainability Bond Index Fund, Fidelity Tax-Free Bond Fund, Fidelity Total Bond Fund, Fidelity Total Emerging Markets Fund, Fidelity Total International Equity Fund, Fidelity Total International Index Fund, Fidelity U.S. Bond Index Fund, Fidelity U.S. Sustainability Index Fund, Fidelity Value Fund, Fidelity Worldwide Fund, Fidelity ZERO Extended Market Index Fund, Fidelity ZERO International Index Fund, Fidelity ZERO Large Cap Index Fund, Fidelity ZERO Total Market Index Fund, Strategic Advisers Tax-Sensitive Short Duration Fund

Ex-Dividend Date: 12/10      Payable Date: 12/13

Fidelity: Fidelity Flex International Fund, Fidelity Flex Large Cap Growth Fund, Fidelity Flex Mid Cap Index Fund, Fidelity Flex Mid Cap Value Fund, Fidelity Flex Small Cap Fund, Fidelity Flex Small Cap Index Fund, Fidelity 500 Index Fund, Fidelity Agricultural Productivity Fund, Fidelity Blue Chip Growth Fund, Fidelity Blue Chip Value Fund, Fidelity Contrafund, Fidelity Disruptive Automation Fund, Fidelity Disruptive Communications Fund, Fidelity Disruptive Finance Fund, Fidelity Disruptive Medicine Fund, Fidelity Disruptive Technology Fund, Fidelity Enduring Opportunities Fund, Fidelity Equity-Income Fund, Fidelity Extended Market Index Fund, Fidelity Fund, Fidelity Global Equity Income Fund, Fidelity Infrastructure Fund, Fidelity International Discovery Fund, Fidelity International Enhanced Index Fund, Fidelity International Index Fund, Fidelity International Real Estate Fund, Fidelity International Sustainability Index Fund, Fidelity Large Cap Stock Fund, Fidelity Large Cap Value Enhanced Index Fund, Fidelity Low-Priced Stock Fund, Fidelity Magellan Fund, Fidelity Mega Cap Stock Fund, Fidelity Mid- Cap Stock Fund, Fidelity Mid Cap Value Fund, Fidelity OTC Portfolio, Fidelity SAI Emerging Markets Value Index Fund, Fidelity SAI International Momentum Index, Fidelity SAI International Quality Index, Fidelity SAI International SMA Completion Fund, Fidelity SAI International Small Cap Index Fund, Fidelity SAI International Value Index Fund, Fidelity SAI Japan Stock Index Fund, Fidelity SAI Small-Mid Cap 500 Index Fund, Fidelity SAI U.S. Large Cap Index Fund, Fidelity SAI U.S. Momentum Index Fund, Fidelity SAI U.S. Quality Index Fund, Fidelity SAI U.S. Value Index Fund, Fidelity Select Gold Portfolio, Fidelity Small Cap Growth Fund, Fidelity Small Cap Index Fund, Fidelity Stock Selector Large Cap Value Fund, Fidelity Total Market Index Fund, Fidelity U.S. Low Volatility Equity Fund, Fidelity Value Discovery Fund, Fidelity Water Sustainability Fund

Ex-Dividend Date: 12/15      Payable Date: 12/16

Vanguard: Communication Services Index, Consumer Discretionary Index, Consumer Staples Index, Energy Index, Explorer Value™, Financials Index, Global Minimum Volatility, Health Care Index, Industrials Index, Information Technology Index, International Growth, Materials Index, Russell 1000 Index, Russell 1000 Growth Index, Russell 1000 Value Index, Russell 2000 Index, Russell 2000 Growth Index, Russell 2000 Value Index, Russell 3000 Index, U.S. Growth, Utilities Index

Ex-Dividend Date: 12/16      Payable Date: 12/21

Vanguard: Communication Services ETF, Consumer Discretionary ETF, Consumer Staples ETF, Financials ETF, Health Care ETF, Industrials ETF, Information Technology ETF, Materials ETF, Russell 1000 ETF, Russell 1000 Growth ETF, Russell 1000 Value ETF, Russell 2000 ETF, Russell 2000 Growth ETF, Russell 2000 Value ETF, Russell 3000 ETF, Utilities ETF

Ex-Dividend Date: 12/17      Payable Date: 12/20

Vanguard: Developed Markets Index, Dividend Appreciation Index, Emerging Markets Stock Index, Equity Income, European Stock Index, FTSE All-World ex-US Index, FTSE All-World ex-US Small-Cap Index, FTSE Social Index, Global Equity , Global Wellesley Income, Global Wellington™, High Dividend Yield Index, International Core Stock, International Dividend Appreciation Index, International High Dividend Yield Index, Pacific Stock Index, Strategic Equity, Strategic Small-Cap Equity, Total International Stock Index, Total World Stock Index

Fidelity: Fidelity Advisor Capital Development Fund, Fidelity Advisor Diversified Stock Fund, Fidelity Flex 500 Index Fund, Fidelity Flex Intrinsic Opportunities Fund, Fidelity Flex Large Cap Value Fund, Fidelity Flex Opportunistic Insights Fund, Fidelity Flex Real Estate Fund, Fidelity Balanced Fund, Fidelity Blue Chip Growth Fund, Fidelity Climate Action Fund, Fidelity Dividend Growth Fund, Fidelity Environment and Alternative Energy Fund, Fidelity Founders Fund, Fidelity Growth Discovery Fund, Fidelity Growth & Income Portfolio, Fidelity Large Cap Core Enhanced Index Fund, Fidelity Large Cap Growth Enhanced Index Fund, Fidelity Large Cap Growth Index Fund, Fidelity Large Cap Stock Fund, Fidelity Large Cap Value Index Fund, Fidelity Leveraged Company Stock Fund, Fidelity Mid Cap Enhanced Index Fund, Fidelity Mid Cap Growth Index Fund, Fidelity Mid Cap Index Fund, Fidelity Mid-Cap Stock Fund, Fidelity Mid Cap Value Index Fund, Fidelity Multi-Asset Income Fund, Fidelity Natural Resources Fund, Fidelity OTC Portfolio, Fidelity Puritan Fund, Fidelity Real Estate Income Fund, Fidelity Real Estate Index Fund, Fidelity Real Estate Investment Portfolio, Fidelity SAI Real Estate Index Fund, Fidelity Select Automotive Portfolio, Fidelity Select Banking Portfolio, Fidelity Select Biotechnology Portfolio, Fidelity Select Brokerage and Investment Management Portfolio, Fidelity Select Chemicals Portfolio, Fidelity Select Communication Services Portfolio, Fidelity Select Construction and Housing Portfolio, Fidelity Select Consumer Discretionary Portfolio, Fidelity Select Consumer Staples Portfolio, Fidelity Select Defense and Aerospace Portfolio, Fidelity Select Financial Services Portfolio, Fidelity Select FinTech Portfolio, Fidelity Select Health Care Portfolio, Fidelity Select Health Care Services Portfolio, Fidelity Select Industrials Portfolio, Fidelity Select Insurance Portfolio, Fidelity Select IT Services Portfolio, Fidelity Select Leisure Portfolio, Fidelity Select Materials Portfolio, Fidelity Select Medical Technology and Devices Portfolio, Fidelity Select Pharmaceuticals Portfolio, Fidelity Select Retailing Portfolio, Fidelity Select Semiconductors Portfolio, Fidelity Select Software and IT Services Portfolio, Fidelity Select Technology Portfolio, Fidelity Select Telecommunications Portfolio, Fidelity Select Utilities Portfolio, Fidelity Select Wireless Portfolio, Fidelity Small Cap Discovery Fund, Fidelity Small Cap Enhanced Index Fund, Fidelity Small Cap Growth Fund, Fidelity Small Cap Growth Index Fund, Fidelity Small Cap Stock Fund, Fidelity Small Cap Value Fund, Fidelity Small Cap Value Index Fund, Fidelity Strategic Income Fund, Fidelity Sustainability U.S. Equity Fund, Fidelity Telecom and Utilities Fund, Fidelity Trend Fund, Fidelity Women’s Leadership Fund

Ex-Dividend Date: 12/17      Payable Date: 12/22

Vanguard: ESG International Stock ETF, ESG U.S. Stock ETF

Ex-Dividend Date: 12/20      Payable Date: 12/21

Vanguard: 500 Index, Alternative Strategies, Capital Opportunity, Commodity Strategy, Emerging Markets Select Stock, Energy ETF, Explorer™, Global ex-U.S. Real Estate Index, Growth and Income, International Explorer, International Value, Mid-Cap Growth, PRIMECAP, S&P 500 Growth Index, S&P 500 Value Index, S&P Mid-Cap 400 Index, S&P Mid-Cap 400 Growth Index, S&P Mid-Cap 400 Value Index, S&P Small-Cap 600 Index, S&P Small-Cap 600 Growth Index, S&P Small-Cap 600 Value Index, Selected Value, Wellesley Income, Windsor™, Windsor II

Ex-Dividend Date: 12/20      Payable Date: 12/23

Vanguard: Dividend Appreciation ETF, FTSE All-World ex-US ETF, FTSE All-World ex-US Small-Cap ETF, FTSE Developed Markets ETF, FTSE Emerging Markets ETF, FTSE Europe ETF, FTSE Pacific ETF, High Dividend Yield ETF, International Dividend Appreciation ETF, International High Dividend Yield ETF, Total International Stock ETF, Total World Stock ETF

Ex-Dividend Date: 12/21      Payable Date: 12/27

Vanguard: Global ex-U.S. Real Estate ETF, S&P 500 ETF, S&P 500 Growth ETF, S&P 500 Value ETF, S&P Mid-Cap 400 ETF, S&P Mid-Cap 400 Growth ETF, S&P Mid-Cap 400 Value ETF, S&P Small-Cap 600 ETF, S&P Small-Cap 600 Growth ETF, S&P Small-Cap 600 Value ETF

Ex-Dividend Date: 12/22      Payable Date: 12/23

Vanguard: Core Bond, Emerging Markets Bond, Emerging Markets Government Bond Index, Extended Duration Treasury Index, Global Credit Bond, Inflation-Protected Securities, Institutional Intermediate-Term Bond, Institutional Short-Term Bond, Intermediate-Term Bond Index, Intermediate-Term Corporate Bond Index, Intermediate-Term Treasury Index, Long-Term Bond Index, Long-Term Corporate Bond Index, Long-Term Treasury Index, Mortgage-Backed Securities Index, Short-Term Bond Index, Short-Term Corporate Bond Index, Short-Term Inflation-Protected Securities Index, Short-Term Treasury Index, Tax-Exempt Bond Index, Total Bond Market Index, Total Bond Market II Index, Total International Bond Index, Total International Bond II Index, Ultra-Short-Term Bond

Fidelity: Fidelity Flex Inflation-Protected Bond Index Fund, Fidelity Inflation-Protected Bond Index Fund, Fidelity SAI Inflation-Focused Fund, Fidelity Stock Selector All Cap Fund, Fidelity Strategic Real Return Fund

Ex-Dividend Date: 12/23      Payable Date: 12/27

Vanguard: Extended Market Index, Growth Index, Large-Cap Index, Market Neutral, Mega Cap Index, Mega Cap Growth Index, Mega Cap Value Index, Mid-Cap Index, Mid-Cap Growth Index, Mid-Cap Value Index, Real Estate Index, Real Estate II Index, Small-Cap Index, Small-Cap Growth Index, Small-Cap Value Index, Total Stock Market Index, U.S. Multifactor, Value Index

Ex-Dividend Date: 12/23      Payable Date: 12/29

Vanguard: Emerging Markets Government Bond ETF, ESG U.S. Corporate Bond ETF, Extended Duration Treasury ETF, Intermediate-Term Bond ETF, Intermediate-Term Corporate Bond ETF, Intermediate-Term Treasury ETF, Long-Term Bond ETF, Long-Term Corporate Bond ETF, Long-Term Treasury ETF, Mortgage-Backed Securities ETF, Short-Term Bond ETF, Short-Term Corporate Bond ETF, Short-Term Inflation-Protected Securities ETF, Short-Term Treasury ETF, Tax-Exempt Bond ETF, Total Bond Market ETF, Total Corporate Bond ETF, Total International Bond ETF, Total World Bond ETF, Ultra-Short-Term Bond ETF

Ex-Dividend Date: 12/27      Payable Date: 12/30

Vanguard: Extended Market ETF, Growth ETF, Large-Cap ETF, Mega Cap ETF, Mega Cap Growth ETF, Mega Cap Value ETF, Mid-Cap ETF, Mid-Cap Growth ETF, Mid-Cap Value ETF, Real Estate ETF, Small-Cap ETF, Small-Cap Growth ETF, Small-Cap Value ETF, Total Stock Market ETF, U.S. Liquidity Factor ETF, U.S. Minimum Volatility ETF, U.S. Momentum Factor ETF, U.S. Multifactor ETF, U.S. Quality Factor ETF, U.S. Value Factor ETF, Value ETF

Ex-Dividend Date: 12/28      Payable Date: 12/29

Fidelity: Fidelity Flex Mid Cap Growth Fund, Fidelity Connecticut Municipal Income Fund, Fidelity Convertible Securities Fund, Fidelity Equity Dividend Income Fund, Fidelity Global Credit Fund, Fidelity Growth Company Fund, Fidelity Growth Strategies Fund, Fidelity International Bond Index Fund, Fidelity Limited Term Government Fund, Fidelity Nasdaq Composite Index Fund, Fidelity New Jersey Municipal Income Fund, Fidelity New Millennium Fund, Fidelity Real Estate High Income Fund, Fidelity Stock Selector Mid Cap Fund, Fidelity Strategic Dividend & Income Fund, Fidelity Value Strategies Fund

Ex-Dividend Date: 12/29      Payable Date: 12/30

Vanguard: Balanced Index, California Intermediate-Term Tax-Exempt, California Long-Term Tax-Exempt, Dividend Growth, Energy, Global Capital Cycles, Global ESG Select Stock, GNMA, Health Care, High-Yield Corporate, High-Yield Tax-Exempt, Institutional Index, Institutional Total Stock Market Index, Intermediate-Term Investment-Grade, Intermediate-Term Tax-Exempt, Intermediate-Term Treasury, Limited-Term Tax-Exempt, Long-Term Investment-Grade, Long-Term Tax-Exempt, Long-Term Treasury, Massachusetts Tax-Exempt, New Jersey Long-Term Tax-Exempt, New York Long-Term Tax-Exempt, Ohio Long-Term Tax-Exempt, Pennsylvania Long-Term Tax-Exempt, Short-Term Federal, Short-Term Investment-Grade, Short-Term Tax-Exempt, Short-Term Treasury, Tax-Managed Balanced, Tax-Managed Capital Appreciation, Tax-Managed Small-Cap

Ex-Dividend Date: 12/30      Payable Date: 12/31

Vanguard: Diversified Equity, Institutional Target Retirement 2015, Institutional Target Retirement 2020, Institutional Target Retirement 2025, Institutional Target Retirement 2030, Institutional Target Retirement 2035, Institutional Target Retirement 2040, Institutional Target Retirement 2045, Institutional Target Retirement 2050, Institutional Target Retirement 2055, Institutional Target Retirement 2060, Institutional Target Retirement 2065, Institutional Target Retirement Income, LifeStrategy Conservative Growth, LifeStrategy Growth, LifeStrategy Income, LifeStrategy Moderate Growth, Managed Allocation, STAR, Target Retirement 2015, Target Retirement 2020, Target Retirement 2025, Target Retirement 2030, Target Retirement 2035, Target Retirement 2040, Target Retirement 2045, Target Retirement 2050, Target Retirement 2055, Target Retirement 2060, Target Retirement 2065, Target Retirement Income, Wellington

Fidelity: Fidelity Asset Manager 20%, Fidelity Asset Manager 30%, Fidelity Asset Manager 40%, Fidelity Asset Manager 50%, Fidelity Asset Manager 60%, Fidelity Asset Manager 70%, Fidelity Asset Manager 85%, Fidelity Flex Freedom Blend 2005 Fund, Fidelity Flex Freedom Blend 2010 Fund, Fidelity Flex Freedom Blend 2015 Fund, Fidelity Flex Freedom Blend 2020 Fund, Fidelity Flex Freedom Blend 2025 Fund, Fidelity Flex Freedom Blend 2030 Fund, Fidelity Flex Freedom Blend 2035 Fund, Fidelity Flex Freedom Blend 2040 Fund, Fidelity Flex Freedom Blend 2045 Fund, Fidelity Flex Freedom Blend 2050 Fund, Fidelity Flex Freedom Blend 2055 Fund, Fidelity Flex Freedom Blend 2060 Fund, Fidelity Flex Freedom Blend 2065 Fund, Fidelity Flex Freedom Blend Income Fund, Fidelity Freedom 2005 Fund, Fidelity Freedom 2010 Fund, Fidelity Freedom 2015 Fund, Fidelity Freedom 2020 Fund, Fidelity Freedom 2025 Fund, Fidelity Freedom 2030 Fund, Fidelity Freedom 2035 Fund, Fidelity Freedom 2040 Fund, Fidelity Freedom 2045 Fund, Fidelity Freedom 2050 Fund, Fidelity Freedom 2055 Fund, Fidelity Freedom 2060 Fund, Fidelity Freedom 2065 Fund, Fidelity Freedom Blend 2005 Fund, Fidelity Freedom Blend 2010 Fund, Fidelity Freedom Blend 2015 Fund, Fidelity Freedom Blend 2020 Fund, Fidelity Freedom Blend 2025 Fund, Fidelity Freedom Blend 2030 Fund, Fidelity Freedom Blend 2035 Fund, Fidelity Freedom Blend 2040 Fund, Fidelity Freedom Blend 2045 Fund, Fidelity Freedom Blend 2050 Fund, Fidelity Freedom Blend 2055 Fund, Fidelity Freedom Blend 2060 Fund, Fidelity Freedom Blend 2065 Fund, Fidelity Freedom Blend Income Fund, Fidelity Freedom Income Fund, Fidelity Freedom Index 2005 Fund, Fidelity Freedom Index 2010 Fund, Fidelity Freedom Index 2015 Fund, Fidelity Freedom Index 2020 Fund, Fidelity Freedom Index 2025 Fund, Fidelity Freedom Index 2030 Fund, Fidelity Freedom Index 2035 Fund, Fidelity Freedom Index 2040 Fund, Fidelity Freedom Index 2045 Fund, Fidelity Freedom Index 2050 Fund, Fidelity Freedom Index 2055 Fund, Fidelity Freedom Index 2060 Fund, Fidelity Freedom Index 2065 Fund, Fidelity Freedom Index Income Fund, Fidelity Managed Retirement 2010 Fund, Fidelity Managed Retirement 2015 Fund, Fidelity Managed Retirement 2020 Fund, Fidelity Managed Retirement 2025 Fund, Fidelity Managed Retirement 2030 Fund, Fidelity Managed Retirement Income Fund, Fidelity Simplicity RMD 2010 Fund, Fidelity Simplicity RMD 2015 Fund, Fidelity Simplicity RMD 2020 Fund, Fidelity Simplicity RMD 2025 Fund, Fidelity Simplicity RMD Income Fund, Fidelity Disruptors Fund, Fidelity Health Savings Fund, Fidelity Health Savings Index Fund, Fidelity Multi-Asset Index Fund, Strategic Advisers Core Income Fund, Strategic Advisers Emerging Markets Fund, Strategic Advisers Fidelity International Fund, Strategic Advisers Fidelity Core Income Fund, Strategic Advisers Fidelity Emerging Markets Fund, Strategic Advisers Fidelity U.S. Total Stock Fund, Strategic Advisers Income Opportunities Fund, Strategic Advisers International Fund, Strategic Advisers Large Cap Fund, Strategic Advisers Short Duration Fund, Strategic Advisers Small-Mid Cap Fund

As noted above, all ex-dividend and payable dates provided here are subject to change. You should check the date on the fund’s official informational materials before deciding to buy or sell shares of a particular fund.

Chart of the Week: Small-Caps Catch Up

 

Director of Research Jeff DeMaso By Director of Research Jeff DeMaso

The S&P 500 index’s largest drawdown this year has been just over 5%, and it took the large-cap flagship only about a month to recoup that loss and start reaching new record highs. Small caps? Different story. The S&P SmallCap 600 index peaked on June 8, then fell 10%—hitting correction territory. It finally recovered that ground last Wednesday, when it set a new record high. While large-cap stocks have led the market recently, small-cap stocks are getting back in the game—a signal of a broadening market rally.

Small Caps Stocks Return to Highs
Note: Chart shows daily index level of the S&P SmallCap 600 index from 12/31/20 through 11/3/21. Sources: S&P Dow Jones, Adviser Investments.

Adviser Investments’ Today’s Market Takeaways

There’s no shortage of hyperbolic headlines and provocative punditry in the financial media. But you won’t find such hysterics here. In Today’s Market Takeaways, members of our investment team provide timely videos that clearly and concisely explain what we’re seeing in the markets.

Vice President Steve Johnson discussed the stock market’s melt up, while Research Analyst Liz Laprade talked about the real reason Elon Musk is selling Tesla shares.

We hope you find these episodes engaging and accessible. If there are any topics you’d like us to address, please send an email to info@adviserinvestments.com!

About Adviser Investments

Adviser Investments is a full-service wealth management firm, offering investment managementfinancial and tax planningmanaged individual bond portfolios, and 401(k) advisory services. We’ve been helping individuals, trusts, institutions and foundations since 1994. Adviser Investments and its subsidiaries have over 5,000 clients across the country and over $8 billion in assets under management. Our portfolios encompass actively managed funds, ETFs, socially responsible investments and tactical asset allocation strategies, and we’re experts on Fidelity and Vanguard mutual funds. We take pride in being The Adviser You Can Talk To. To see a full list of our awards and recognitions, click here, and for more information, please visit www.adviserinvestments.com or call 800-492-6868.


Disclaimer: This material is distributed for informational purposes only. The investment ideas and opinions contained herein should not be viewed as recommendations or personal investment advice or considered an offer to buy or sell specific securities. Our statements and opinions are subject to change at any time, without notice, and should be considered only as part of a diversified portfolio. Mutual funds and exchange-traded funds mentioned herein are not necessarily held in client portfolios. Data and statistics contained in this report are obtained from what we believe to be reliable sources; however, their accuracy, completeness or reliability cannot be guaranteed.

You may request a free copy of the firm’s Form ADV Part 2A, which describes, among other items, risk factors, strategies, affiliations, services offered and fees charged.

Past performance is not an indication of future returns. Tax, legal and insurance information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice, or as advice on whether to buy or surrender any insurance products. Personalized tax advice and tax return preparation is available through a separate, written engagement agreement with Adviser Investments Tax Solutions. We do not provide legal advice, nor sell insurance products. Always consult a licensed attorney, tax professional, or licensed insurance professional regarding your specific legal or tax situation, or insurance needs.

The Barron’s Top 100 RIA Firms rankings consider factors such as assets under management, revenue produced for the firm, and quality of practice as determined by Barron’s editors. According to Barron’s, “around 4,000” advisory firms were considered for this recognition in 2021, with about 1,200 firms receiving recognition. The award sponsor has not disclosed how many firms were surveyed or considered for this recognition, nor the percentage of total participants that ultimately received recognition. For more information and a complete list of recipients, visit https://www.barrons.com/advisor/report/top-financial-advisors/ria. Years Received: 2021, 2020, 2019, 2018, 2017, 2016, 2015, 2014 and 2013.

The Barron’s Top Advisor Rankings by State (Massachusetts) (also referred to as Barron’s Top 1,200 Financial Advisors) considers factors such as assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work. According to Barron’s, “around 4,000” advisory firms were considered for this award in 2021, with about 1,200 firms receiving recognition. For more information and a complete list of recipients, visit https://www.barrons.com/advisor/report/top-financial-advisors/1000. Years Received: 2021, 2020, 2019, 2018, 2017, 2016, 2015 and 2014.

The Financial Times 300 Top Registered Investment Advisers is an independent listing produced annually by the Financial Times and Ignites Research. According to the Financial Times, in 2019, approximately 2,000 firms were invited to be considered for its list; 740 responded, with 300 being named to this list. The listing reflects each practice’s performance in six primary areas: Assets under management (70–75% of a firm’s score), asset growth (15% of a firm’s score), years in existence, compliance record, credentials and online accessibility. For more information and a complete list of recipients, visit https://www.ft.com/content/44d2b2b2-6cef-11e9-9ff9-8c855179f1c4. Years Received: 2019, 2018, 2016, 2015 and 2014.

Awards referenced above do not consider client experience and are not indicative of such. Nor are awards indicative of future performance. Unless otherwise noted, Adviser Investments does not pay a fee to participate in any of these awards. Additionally, awards typically only consider and recognize participants that choose to participate. Awards are often based on information supplied by the participants—such information should not be assumed to be verified by the sponsor of the award.

The Adviser You Can Talk To Podcast is a registered trademark of Adviser Investments, LLC.

For a summary of Adviser Investments’ advisory services and fiduciary responsibilities to our clients, please review our Form CRS here.

© 2021 Adviser Investments, LLC. All Rights Reserved.

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.