Report : Fiduciary Regulatory | March 19, 2025

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 2024. The remaining taxable income or gains will be distributed in March 2025 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.

Notes:

  • For more information about Vanguard funds or Vanguard ETFs®, visit institutional.vanguard.com or call 866-499-8473 to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.
  • All investing is subject to risk, including the possible loss of the money you invest.
  • 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.
  • These figures are only estimates. Actual year-end distributions may be higher or lower based on market volatility, portfolio and shareholder activity, and tax adjustments.