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2014 estimated (preliminary) year end distributions
I hope this is an appropriate addition to this thread... (not generally a good start to any message, I realize).
This year looks like it will be a record year for capital gains distributions. After years of thinking about it, I've put together a free website to serve as a one-stop shop for gathering capital gains estimates. My database has 250 firms and already has links to nearly 90 firms' estimates. The information I share is less valuable to the folks that are reviewing this thread, but I do think the site is more accessible and I do provide additonal information. (I'm currently posting links to preliminary information or even 2013 links if that's all that is available.)
The site is CapGainsValet.com. Although the site is free, like MFO, I am asking for financial support. In my case, I'm asking for donations to my favorite charity.
This is the first place I am notifying about the site. I could not think of a better group to reach out to before I try to spread the word. Please let me know your thoughts and recommendations.
Sure, it is good to have large distributions in a non-taxable account, like Fidelity's Select Biotechnology Portfolio of $25.31 per share (which I own in a non-taxable account). However, when you own Turner's Emerging Growth Fund in a taxable account with an estimated $21.94 per share payout that is not good (which I also own in a taxable account). I just sold my entire TMCGX position this morning in order to avoid the large distribution payout; the distribution payout would have been larger than my gain for selling all my TMCGX shares. If you look for Turner above, I noted that the estimated distribution amount has increased about a $1 since it was first posted (Turner Small Cap Growth and Turner Midcap Growth Funds are approximately $13.61 and $15.44, respectively) . In speaking with Turner's CSR this morning, she indicated that there have been numerous redemptions due to hefty estimated payouts. I plan to get back into TMCGX once the distribution has been paid.
@ron Unfortunately, mutual fund distributions are no windfall. In an IRA, fund distributions are neutral because the fund's NAV drops by the amount that is distributed (a $20 NAV turns into $5 cash and $15 NAV or if reinvested into $5 in new shares and $15 NAV). There are a number of sites that explain this concept well. You may want to check out: https://americanfunds.com/funds/effect-capital-gain.html
@ron Unfortunately, mutual fund distributions are no windfall. In an IRA, fund distributions are neutral because the fund's NAV drops by the amount that is distributed (a $20 NAV turns into $5 cash and $15 NAV or if reinvested into $5 in new shares and $15 NAV). There are a number of sites that explain this concept well. You may want to check out: https://americanfunds.com/funds/effect-capital-gain.html
TheShadow and TheGainTrain (and others) - you are really good at getting this information! And... you are including some fund families I am not including on CapGainsValet.com (mostly due to the firm size limits I set originally). I will give a shout out to this group and MFO in my CGV News. Excellent research work! I am up to 135 firms that have posted their 2014 cap gains estimates.
Comments
Nothing extreme this year.
http://www.riverparkfunds.com/downloads/News/Dec2014_EstimatedDistributionInformation.pdf
http://www.acadian-asset.com/~/media/Files/Topics/Mutual Funds/CapGainDistributionAcadianFunds2014.ashx
Causeway Funds
http://www.causewayfunds.com/pdfs/2014_Distribution_Estimates.pdf
Ariel Funds
https://www.arielinvestments.com/content/view/2833/1850/
https://www.americanbeaconfunds.com/downloads/resourcecenter/TaxAndDividend/2014YearEndDividendSchedule.pdf
Delaware (See estimated capital gains link on bottom right rail)
http://www.delawareinvestments.com/individual-investors/products/mutual-funds.aspx
https://investments.pimco.com/ShareholderCommunications/External Documents/PIMS Capital Gain Estimates.pdf
or PIMCO EqS Funds
https://investments.pimco.com/ShareholderCommunications/External Documents/EqS Capital Gain Estimates.pdf
This year looks like it will be a record year for capital gains distributions. After years of thinking about it, I've put together a free website to serve as a one-stop shop for gathering capital gains estimates. My database has 250 firms and already has links to nearly 90 firms' estimates. The information I share is less valuable to the folks that are reviewing this thread, but I do think the site is more accessible and I do provide additonal information. (I'm currently posting links to preliminary information or even 2013 links if that's all that is available.)
The site is CapGainsValet.com. Although the site is free, like MFO, I am asking for financial support. In my case, I'm asking for donations to my favorite charity.
This is the first place I am notifying about the site. I could not think of a better group to reach out to before I try to spread the word. Please let me know your thoughts and recommendations.
Sure, it is good to have large distributions in a non-taxable account, like Fidelity's Select Biotechnology Portfolio of $25.31 per share (which I own in a non-taxable account). However, when you own Turner's Emerging Growth Fund in a taxable account with an estimated $21.94 per share payout that is not good (which I also own in a taxable account). I just sold my entire TMCGX position this morning in order to avoid the large distribution payout; the distribution payout would have been larger than my gain for selling all my TMCGX shares. If you look for Turner above, I noted that the estimated distribution amount has increased about a $1 since it was first posted (Turner Small Cap Growth and Turner Midcap Growth Funds are approximately $13.61 and $15.44, respectively) . In speaking with Turner's CSR this morning, she indicated that there have been numerous redemptions due to hefty estimated payouts. I plan to get back into TMCGX once the distribution has been paid.
@Valet
It is a sharp program!
Unfortunately, mutual fund distributions are no windfall. In an IRA, fund distributions are neutral because the fund's NAV drops by the amount that is distributed (a $20 NAV turns into $5 cash and $15 NAV or if reinvested into $5 in new shares and $15 NAV). There are a number of sites that explain this concept well. You may want to check out: https://americanfunds.com/funds/effect-capital-gain.html
http://www.oberweisfunds.com/
https://personal.vanguard.com/us/insights/article/preliminary-capital-gains-112014
https://www.tiaa-cref.org/public/products-services/mutual-funds/planning-tools/tax-planning
Morgan Stanley
http://www.morganstanley.com/msamg/msimintl/docs/en_US/publications/forms/Tax/2014_estimated_yr-end_distributions.pdf
http://bridgeway_web.s3.amazonaws.com/cms/documents/b4d881e1a865760e/2014_Distribution_Estimates.pdf
Dodge and Cox Funds
https://www.dodgeandcox.com/pdf/shareholder_services/dc_estimated_distributions_2014.pdf
https://individualinvestor.myleggmason.com/portal/server.pt/gateway/PTARGS_0_355661_3518_1277_37025_43/http;/indinvserver;8400/indivPortletWebApp/documents/tax_information/D17213-2014 December Estimates for Posting 2 F.pdf
http://www.tweedy.com/resources/library_docs/general/2014 Estimated Distributions 10-15-14.pdf
(The earlier link posted on page 1 goes to 404)
http://www.bbhfunds.com/wps/wcm/connect/bd5929004630ab3c8095e2c870621867/BBH+Funds+2014++Estimated+Year-End+Distribution.pdf?MOD=AJPERES&=true&id=1415891007859
AQR Funds
https://www.aqr.com/who-we-are/know-more/aqr-funds-announces-estimated-2014-capital-gains-distributions
Touchstone
http://www.touchstoneinvestments.com/documents/pdf/TSF618.pdf
http://www.oakmark.com/News/News-and-Insights-Placeholder/2014-Fund-Distribution-Estimates.htm
http://www.walthausenfunds.com/index.asp
Vulcan Value Partners
http://vulcanvaluepartners.com/uploads/file/14_09_30/MF Estimated Cap Gains 2014.pdf
Jensen Quality Value Fund
https://www.jenseninvestment.com/files/1014/1582/9216/2014_Jensen_Quality_Value_Fund_Cap_Gains_Estimate.pdf
Hennessy Funds
http://hennessyfunds.com/capital_gains_and_distributions/content/2013_distributions.fs
Mirae Asset Discovery Funds
http://investments.miraeasset.us/files/5114/1415/7727/2014-cap-gains-estimated.pdf
Castle Investment Management
http://www.castleim.com/2014-capital-gains-estimates/
Kopernick Global All Cap Fund
http://kopernikglobal.com/sites/default/files/GAC 2014 Cap Gain Distribution Estimates_0.pdf
Cambiar Funds
http://www.cambiar.com/cms_images/file_310.pdf
https://www.tcw.com/Funds/TCW_Funds.aspx
And then by extension Met West
https://www.tcw.com/~/media/Downloads/MetWest Funds/Distribution and Tax Information/MWFUNDsb.ashx
http://browncapital.com/sites/default/files/2014_estimated_distribution_template.pdf
https://www.ridgeworth.com/includes/files/assets/files/1415999010_2014-YearEndCapitalGainsEst1114x.pdf
Billy Blair
https://www.williamblairfunds.com/resources/docs/funds/other/Estimated Distributions 2014 I and N.pdf
Hartford Funds
https://www.hartfordfunds.com/dam/en/docs/pub/funddocuments/regulatorydocument/Tax Center/MF7139.pdf
http://www.mairsandpower.com/
http://www.calvert.com/newsArticle.html?article=21764
Sit Funds
http://www.sitfunds.com/services/2014distribution-estimates.php
Virtus Funds
https://www.virtus.com/vsitemanager/Upload/Docs/forms/2014YearEndDistributionEstimates.pdf
Alpine Funds
http://www.alpinefunds.com/896477.pdf
Allianz Funds
http://us.allianzgi.com/ShareholderCommunications/External Documents/AllianzGI_Capital_Gains_Estimates_2014.pdf
http://www.lazardnet.com/us/docs/sp0/1631/LazardFundsAnnualDistributions.pdf?pagename=Open-End+Funds
https://www.hwcm.com/assets/documents/Marketing-Pieces/Additional-Fund-Information/HW-Funds-Dec-2014-Dividends-Cap-Gains.pdf
http://www.berwynfunds.com/DividendsShareholderInformation.asp
Wintergreen Fund
http://www.wintergreenfund.com/reports/dividends/distribution.php
Van Eck Funds
http://origin.vaneck.com/van-eck-funds-2014-yearend-distributions-pdf/
Sound Shore Fund
http://www.soundshorefund.com/cap_gains.asp