Don’t Miss Your Distribution Dates

‘Tis The Season For Distributions

As the holiday season gets into full swing with Thanksgiving this week, investors have a second holiday calendar to follow, marking off the days their funds are scheduled to make year-end distributions. This year does not seem like it will be inducing too many capital gains-related tax headaches, but many funds will, as always, be paying out accumulated income as dividendsA cash payment to investors who own stock in the company..

For this reason, investors concerned with tax consequences should take notice of what’s going on in their funds or in funds they may be adding to their portfolio in the near-term. You’ll want to avoid buying any shares in any fund that is going to make a year-end distribution before its “ex-dividend” date; that way you won’t wind up paying taxes on a fund you didn’t own and whose returns you have yet to earn. (Note: Distributions do not affect tax-deferred retirement accounts. The whole point of an IRAA type of account in which funds can be saved and invested without being subject to tax until the account holder reaches retirement age., 401(k), SEP, annuityA financial instrument that pays the holder a guaranteed stream of payments. The annuity is funded by either a lump sum (one-time) or a series of deposits. Once funded, the sum is invested by the insurance company who sold the annuity (the accumulations phase). After a certain trigger (for example, the holder’s retirement or reaching a certain age) payments begin to be issued to the holder (annuitization phase). Annuity payments may be fixed or variable in both amount and in length (some pay out for a designated span of years, others until the holder’s death). or other tax-advantaged account is to allow for tax-free compounding of interest and capital gains.)

You can see a full distribution calendar for Fidelity below, along with a list of Vanguard funds that will likely make capital gains distributions (we’ll have a full distribution calendar for the Vanguard funds for you in our next update). Fidelity funds that do not appear on the list are not expected to make a distribution this year.

Distribution Calendar
Record Date: Friday, Dec. 3
Reinvest Date: Monday, Dec. 6
Fidelity Funds: Arizona Municipal Income, California Short-Intermediate Tax-Free BondA financial instrument representing an IOU from the borrower to the lender. Bond issuers promise to pay bond holders a given amount of interest for a pre-determined amount of time until the loan is repaid in full (otherwise known as the maturity date). Bonds can have a fixed or floating interest rate. Fixed-rate bonds pay out a pre-determined amount of interest each year, while floating-rate bonds can pay higher or lower interest each year depending on prevailing market interest rates., Canada, Capital & Income, Capital Appreciation, China Region, Disciplined EquityThe amount of money that would be returned to shareholders if a company’s assets were sold off and all its debt repaid., Diversified International, Emerging Asia, Emerging Markets, Europe, Europe Capital Appreciation, Export and Multinational, Floating Rate High Income, Focused High Income, Focused StockA financial instrument giving the holder a proportion of the ownership and earnings of a company., Global Balanced, High Income, International Capital Appreciation, International Discovery, International Growth, International Small Cap, International Small Cap Opportunities, International Value, Japan Smaller Companies, Large Cap Stock, Latin America, Maryland Municipal Income, New York Municipal Income, Nordic, Overseas, Pacific Basin, Select Biotechnology, Select Communications Equipment, Select Electronics, Select Energy Service, Select Environment and Alternative Energy, Select Technology, Select Utilities, Select Wireless, Small Cap Discovery, Small Cap Growth, Small Cap Stock, Small Cap Value, Stock Selector All Cap, Stock Selector Small Cap, Tax Managed Stock, Telecom and Utilities, Total International Equity, Value, Worldwide

Record Date: Friday, Dec. 10
Reinvest Date: Monday, Dec. 13
Fidelity Funds: Blue Chip Value, California Municipal Income, Convertible Securities, DividendA cash payment to investors who own stock in the company. Growth, Emerging Europe, Middle East, Africa (EMEA), Equity-Income, Equity-Income II, Fifty, GNMA, Growth & Income, Growth Company, Growth Strategies, Independence, Intermediate Government Income, International Enhanced Index, Japan, Large Cap Core Enhanced Index, Large Cap Growth, Large Cap Growth Enhanced Index, Large Cap Value, Large Cap Value Enhanced Index, Leveraged Company Stock, Low-Priced Stock, Massachusetts Municipal Income, Mega Cap Stock, Mid Cap Enhanced Index, Mid Cap Growth, Mid Cap Value, Select Air Transportation, Select Automotive, Select Banking, Select Brokerage and Investment Management, Select Chemicals, Select Computers, Select Construction and Housing, Select Consumer Discretionary, Select Consumer Finance, Select Consumer Staples, Select Defense and Aerospace, Select Energy, Select Gold, Select Health Care, Select Industrial Equipment, Select Industrials, Select Insurance, Select IT Services, Select Materials, Select Medical Delivery, Select Medical Equipment and Systems, Select Multimedia, Select Natural Gas, Select Natural Resources, Select Pharmaceuticals, Select Transportation, Small Cap Enhanced Index, Tax-Free Bond, Ultra-Short Bond, Value Discovery, Value Strategies

Record Date: Wednesday, Dec. 15 
Reinvest Date: Thursday, Dec. 16
Vanguard Funds: Energy, Explorer Value, Health Care, Precious Metals & Mining, PRIMECAP

Record Date: Friday, Dec. 17 
Reinvest Date: Monday, Dec. 20
Fidelity Funds: 130/30 Large Cap, all Asset Manager funds, Balanced, Blue Chip Growth, Commodity Strategy, Connecticut Municipal Income, Contrafund, Corporate Bond, Fidelity, Government Income, Growth Discovery, Inflation-Protected Securities, Institutional Short-Intermediate Bond, Intermediate Bond, International Real Estate, Investment Grade Bond, Mid-Cap Stock, Mortgage Securities, NASDAQ Composite Index, New Jersey Municipal Income, New Markets Income, New Millennium, OTC, Puritan, Real Estate High Income, Real Estate Income, Real Estate Investment, Select Financial Services, Select Leisure, Select Retailing, Select Software & Computer Services, Select Telecommunications, Short-Term Bond, Strategic Dividend and Income, Strategic Income, Strategic Real Return, Total Bond, U.S. Bond Index, Spartan 500 Index, Spartan Extended Market Index, Spartan Intermediate Treasury Bond Index, Spartan International Index, Spartan Long-Term Treasury Bond Index, Spartan Short-Term Treasury Bond Index, Spartan Total Market Index

Record Date: Monday, Dec. 20
Reinvest Date: Tuesday, Dec. 21
Vanguard Funds: World ex-U.S. Small-Cap Index

Record Date: Monday, Dec. 20
Reinvest Date: Wednesday, Dec. 22
Vanguard Funds: Extended Duration Treasury ETFA type of security which allows investors to indirectly invest in an underlying basket of financial instruments (these may include stocks, bonds, commodities or other types of instruments). Shares in an ETF are publicly traded on an exchange, and the price of an ETF’s shares will fluctuate throughout the trading day (traditional mutual funds trade only once a day). For example, one popular ETF tracks the companies in the S&P 500, so buying a share of the ETF gets an investor exposure to all 500 companies in the index., World ex-U.S. Small-Cap ETF

Record Date: Wednesday, Dec. 22 
Reinvest Date: Thursday, Dec. 23
Fidelity Funds: All Income Replacement funds, Intermediate Municipal Income, Michigan Municipal Income, Minnesota Municipal Income, Municipal Income, Ohio Municipal Income, Pennsylvania Municipal Income, Short-Intermediate Municipal Income, Trend
Vanguard Funds: Intermediate-Term Bond Index, Long-Term Bond Index, Short-Term Bond Index, Total Bond Market Index

Record Date: Wednesday, Dec. 22 
Reinvest Date: Monday, Dec. 27
Vanguard Funds: Intermediate-Term Bond ETF, Intermediate-Term Corporate ETF, Intermediate-Term Government ETF, Long-Term Bond ETF, Long-Term Corporate ETF, Long-Term Government ETF, Mortgage-Backed Securities ETF, Short-Term Bond ETF, Short-Term Corporate ETF, Short-Term Government ETF, Total Bond Market ETF

Record Date: Monday, Dec. 27
Reinvest Date: Tuesday, Dec. 28
Vanguard Funds: Convertible Securities

Record Date: Wednesday, Dec. 29
Reinvest Date: Thursday, Dec. 30
Fidelity Funds: Dynamic Strategies, Four-In-One Index, All Freedom funds
Vanguard Funds: GNMA, Intermediate-Term Investment-Grade, Intermediate-Term Treasury, All LifeStrategy funds, Long-Term Treasury, Ohio Long-Term Tax-Exempt, Short-Term Federal, Short-Term Investment-Grade, Short-Term Treasury, STAR, All Target Retirement funds

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