Estimated supplemental fund distributions

The Vanguard funds listed in the PDF below earned taxable income, realized capital gains, or both for their fiscal years in excess of the amounts distributed in December 2022. The remaining taxable income or gains will be distributed in March 2023 as "supplemental" income dividends or capital gains distributions.

The estimated per-share distribution rates and scheduled dates are shown in the PDF below. These figures are only estimates. Actual distributions may be higher or lower based on market volatility, portfolio and shareholder activity, and tax adjustments.

Besides the funds listed in the PDF below, several funds will make their regular dividend payments in March. For final distribution rates, check the fund profiles in the Investments area of our website after the fund declaration date. In early April, the funds’ Price & distributions tab will be updated to include March distributions for all funds.

Here is a full list of Vanguard funds that will distribute supplemental income or capital gains or both in March 2023. The estimated per-share distribution rates and scheduled dates are provided.

 

Notes:

• 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.
• Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.