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, 2025, to distribute taxable capital gains in December 2025.
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 figures are only estimates. Actual year-end distributions may be higher or lower based on market volatility, portfolio and shareholder activity, and tax adjustments. 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, 2025, to distribute capital gains in December.
A list of Vanguard funds that were expected, as of October 31, 2025, to distribute taxable capital gains in December 2025.
Notes:
- All investing is subject to risk, including possible loss of principal.
- For more information about Vanguard funds or Vanguard ETFs, visit vanguard.com 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.
- 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.