November 15, 2021 | Product News

Preliminary capital gains estimates

Mutual funds and ETFs typically distribute taxable capital gains to shareholders each December. Below is a list of Vanguard funds that were expected, as of October 31, 2021, to distribute taxable capital gains in December 2021.

To estimate the distribution for a fund on this list, multiply the fund's total per-share capital gains estimate by the number of shares your client owns.

These estimates are subject to change as we finalize our calculations for each fund. On December 9, we plan to provide final estimates, including estimated income, for all funds. Final distribution amounts will be added to our fund-distribution table and each fund's profile page after the fund's declaration date in December.

Note: Funds not listed did not expect, as of October 31, 2021, 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.
  • 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.