Here is our 2025 list of funds with estimated distributions higher than 20% of NAV.  We are just getting started with this year’s searches.  Come back to see the list grow.

Funds with estimated distributions higher than 30% of NAV:

Alliance Bernstein Sustainable US Thematic Portfolio
AMG Montrusco Bolton Large Cap Growth
BNY Mellon Mid Cap Multi-Strategy Fund
BNY Mellon Small/Mid Cap Growth Fund
Brown Advisory Growth Equity Fund
Brown Advisory Small-Cap Growth Fund
Brown Capital Management Small Company Fund
Calvert Equity Fund C
Columbia Integrated Large Cap Growth
Columbia Integrated Large Cap Value
Federated Hermes International Equity Fund
Federated Hermes International Growth Fund
Franklin Templeton ClearBridge Growth Fund
Franklin Templeton ClearBridge Small Cap Growth
Franklin Templeton TIF Foreign Smaller Companies Series Fund
Franklin Templeton TIF International Series Fund
Glenmede SMID Core Equity Portfolio
Harding Loevner Funds Emerging Markets Portfolio
Hennessy Focus Fund
Invesco International Growth Fund
Jensen Quality Growth Fund
John Hancock Equity Income Fund
John Hancock Financial Industries Fund
Northern Trust Small Cap Value
Royce SMid-Cap Total Return Fund
SEI SIIT U.S. Managed Volatility Fund
Wasatch International Opportunities Fund
WCM SMID Quality Value Fund

Funds with estimated distributions higher than 20%:

Allspring Growth Fund
American Beacon Stephens Mid-Cap Growth Fund
American Century Large Cap Equity Fund
Artisan International Fund
BNY Mellon Institutional S&P 500 Stock Index Fund
BNY Mellon Small Cap Multi-Strategy Fund
BNY Mellon Small Cap Value Fund
Brookfield Global Listed Infrastructure Fund
Calamos Growth Fund
Edgewood Growth Fund
Federated Hermes Kaufmann Large Cap Fund
Glenmede Strategic Equity Portfolio
John Hancock Classic Value Fund
John Hancock Fundamental Equity Income Fund
Impax Large Cap Fund
Invesco Developing Markets Fund
Invesco Global Small Cap Equity Fund
Invesco International Diversified Fund
Macquarie Value Fund
Morgan Stanley Inst Intl Equity Portfolio
Morgan Stanley Inst Global Stars Portfolio
Nationwide Fund
Nationwide WCM Focused Small Cap Fund
Natixis Vaughan Nelson Mid Cap Fund
NYLI Winslow Large Cap Growth Fund
Polen Growth Fund
Russell Investments Multifactor US Equity Fund Y
SEI SIIT Large Cap Fund
Transamerica Asset Allocation Long Horizon
Transamerica Balanced II
Transamerica Large Growth
Virtus KAR Mid-Cap Growth Fund
Voya MI Dynamic SMID Cap Fund
William Blair Global Leaders Fund
William Blair Growth Fund

 

NOTE: Funds on this list do not necessarily represent all share classes. Always look at your specific fund before making any decisions.

 

 

Here is our 2023 list of funds with estimated distributions higher than 20% of NAV.  We are just getting started with this year’s searches.  Come back to see the list grow.

Funds with estimated distributions higher than 30% of NAV:

Aristotle Small/Mid Cap Equity Fund
BNY Mellon U.S. Equity Fund
Lazard US Equity Concentrated Portfolio (40%+)
Sterling Capital Small Cap Value Fund
Sterling Capital SMID Opportunities Fund

Funds with estimated distributions higher than 20%:

Allspring Premier Large Company Growth Fund
Boston Partners Long/Short Equity Fund
Columbia Real Estate Equity Fund
Delaware Ivy Value Fund
Diamond Hill Small Cap Fund
DWS Equity 500 Index Fund
Federated Hermes Kaufmann Large Cap Fund
Federated Hermes Max-Cap Index Fund
Hennessy Focused Fund
JP Morgan Tax Aware Equity Fund
Loomis Sayles Small Cap Value Fund
MassMutual Blue Chip Growth Fund
MassMutual Global Fund
Natixis U.S. Equity Opportunities Fund
TIAA-CREF Growth & Income Fund
Victory THB US Small Opportunities Fund

 

NOTE: Funds on this list do not necessarily represent all share classes. Always look at your specific fund before making any decisions.

 

 

Here is our 2021 list of funds with estimated distributions in excess of 20% of NAV.  This list is 99% complete for this year.  2021 was a record year for large capital gains distributions.

Funds with estimated distributions higher than 30% of NAV:

Alger Mid Cap Growth
AMG Frontier Small Cap Growth Fund
AMG TimesSquare Emerging Markets Small Cap Fund
BMO Mid Cap Growth
Columbia Adaptive Retirement 2020
Delaware Optimum Small-Mid Cap Growth Fund
DFA Enhanced US Large Co 
Franklin U.S. Large Cap Equity
Goldman Sachs Small Cap Growth Insights
Harbor Disruptive Innovation
JP Morgan Small Cap Sustainable Leaders Fund
Morgan Stanley Institutional Fund Global Real Estate
Neuberger Berman Commodity Strategy
Neuberger Berman Integrated Large Cap
Pax Global Sustainable Infrastructure Fund
PIMCO RAE PLUS International Fund
PIMCO RAE PLUS Small Fund
PIMCO RAE US Small Fund
RBC Small Cap Core Fund
Stone Ridge Bitcoin Strategy Fund
Sunbridge Capital Emerging Markets
Thornburg Small/Mid Cap Growth
Transamerica Mid Cap Growth
Transamerica Small Cap Value
Victory NewBridge Large Cap Growth Fund
Victory RS Small Cap Equity Fund
Virtus AllianzGI Emerging Markets Consumer Fund (huge!)
Voya Large Cap Growth Portfolio
Walthausen Small Cap Value Fund
Wells Fargo Low Volatility U.S. Equity Fund
Wells Fargo Small Company Growth Fund

Funds with estimated distributions higher than 20%:

Alger Capital Appreciation Fund
Alger Health Sciences Fund
Alger Spectra Fund
Alger Weatherbie Specialized Growth Fund
AllianceBernstein Select US Equity Portfolio
ALPS Clough China Fund
ALPS Red Rocks Global Opportunity Fund
American Beacon Zebra Small Cap Equity
American Century Disciplined Core Value Fund
American Century Equity Growth Fund
AMG Montrusco Bolton Large Cap Growth
AMG TimesSquare Mid Cap Growth
AQR Style Premia Alternative Fund
Aquila Opportunity Growth Fund
AXS Multi-Strategy Alternatives
BlueBay Destra International Event-Driven Credit
BMO Small-Cap Growth
Brown Advisory Small‐Cap Growth Fund
Cambiar Small Cap Fund
Carillon Eagle Small Cap Growth
Catalyst Dynamic Alpha Fund
Columbia Acorn USA
Columbia Disciplined Value Fund
Columbia Large Cap Growth Opportunity
CRM Small/Mid Cap Value
Delaware Ivy Proshares MSCI ACWI Index
Delaware Ivy Science and Technology
Delaware Ivy Small Cap Growth
Delaware Growth Equity
Delaware Smid Cap Growth
DFA Commodity Strategy
DoubleLine Shiller Enhanced CAPE
DWS Equity Sector Strategy
Federated Hermes MDT Mid-Cap Growth Fund
Federated Hermes MDT Small Cap Growth Fund
Fidelity Flex Small Cap Fund
Fidelity Growth Strategies K6
Franklin LifeSmart 2050 Retirement Target
Franklin LifeSmart 2040 Retirement Target
Glenmede Quantitative U.S. Large Cap Growth Equity
Goldman Sachs Large Cap Growth Insights
Goldman Sachs Multi-Manager Global Equity
Goldman Sachs Small Cap Equity Insights
Goldman Sachs Small Cap Value Insights
Goldman Sachs U.S. Equity Insights
Guggenheim RBP Large-Cap Defensive Fund
Guggenheim World Equity Income Fund
Harbor Emerging Markets Equity
Harbor Small Cap Growth
Hennessy Cornerstone Growth Fund
Hennessy Technology Fund
Hodges Small Cap
Horizon U.S. Defensive Equity Fund
Invesco Capital Appreciation
Invesco Health Care
Invesco Small Cap Growth
Invesco Technology
Jackson Square International Growth Fund
JP Morgan U.S. Applied Data Science Value Fund
JP Morgan U.S. Large Cap Core Plus Fund
JP Morgan U.S. Small Company Fund
John Hancock Small Cap Growth Fund
Lazard International Small Cap Equity
Lord Abbett Durable Growth
Lord Abbett Focused Large Cap Value
Lord Abbett Growth Leaders
Madison Small Cap Fund
Marsico Growth
Meridian Enhanced Equity
Meridian Small Cap Growth
Metropolitan West Funds AlphaTrak 500 Fund
MFS New Discovery
Morgan Stanley Institutional Fund Global Insight
Morgan Stanley Institutional Fund Trust Discovery 
Nationwide Geneva Mid Cap Growth
Natixis Vaughan Nelson Select
Needham Small Cap Growth Fund
Neuberger Berman Multi-Cap Opportunities
North Square Oak Ridge All Cap Growth
Northern Active M Emerging Markets
Nuveen Mid Cap Growth Opportunities
Oberweis China Opportunities Fund
Oberweis Global Opportunities Fund
Oberweis Micro-Cap Fund
PGIM Jennison Health Sciences
PGIM Jennison Mid-Cap Growth
PGIM Jennison Small Company
Pioneer Disciplined Growth
Principal Edge Midcap
Principal Midcap Growth
Principal Small-MidCap Growth
Putnam Dynamic Risk Allocation
Putnam Focused International Equity
Royce Pennsylvania Mutual 
Royce Smaller-Companies Growth 
Royce Total Return 
Russell U.S. Small Cap Equity
SA US Small Company
Schwab Core Equity
SEI U.S. Large Cap Index
T Rowe Price Science and Technology
The New Germany Fund
Thornburg Small/Mid Cap Core
Transamerica Large Growth
Transamerica Capital Growth
Transamerica Mid Cap Value Opportunities
USAA Global Managed Volatility Fund
USAA Target Managed Allocation Fund
USAA Small Cap Stock Fund
Vanguard Mid-Cap Growth
Victory Munder Mid-Cap Core Growth
Victory RS Mid Cap Growth Fund
Victory RS Select Growth Fund
Virtus AllianzGI Mid-Cap Growth
Virtus AllianzGI Global Small-Cap
Virtus AllianzGI Technology Fund
Voya Small Company Fund
Voya U.S. High Dividend Low Volatility Fund
Walthausen Focused Small Cap Value Fund
Wells Fargo Discovery Fund
Wells Fargo Diversified Equity Fund
Wells Fargo Emerging Growth Fund
Wells Fargo Large Company Value Fund
Wells Fargo Small Cap Fund
Wells Fargo Specialized Technology Fund
William Blair Emerging Markets Growth Fund
William Blair Small-Mid Cap Growth Fund

 

 

NOTE: Funds on this list do not necessarily represent all share classes. Always look at your specific fund before making any decisions.

 

 

 

 

 

Image by dillondygert from Pixabay

Here is our 2019 list of funds with estimated distributions in excess of 20% of NAV.  This list is complete for 2019.

It’s important to note that funds on this list are not necessarily poor quality, but these funds are worth a second look if you hold them in taxable accounts. Think twice before purchasing these in a taxable account before their distribution dates.

Funds with estimated distributions higher than 30% of NAV:

Catalyst Growth of Income (more than 50% estimated!)
Meridian Enhanced Equity
RiverPark/Wedgewood (more than 50% estimated!)
Victory Munder Mid-Cap Core Growth
USAA World Growth

Funds with estimated distributions higher than 20%:

AMG Managers Special Equity
Frost Mid Cap Equity
Goldman Sachs Growth Opportunities
Gotham Enhanced Return
Harbor Mid Cap Growth
Invesco India ETF
Invesco Mid Cap Growth
Invesco Oppenheimer Capital Appreciation
Invesco Oppenheimer Value
iShares Currency Hedged MSCI South Korea ETF
PNC Small Cap
TCW Relative Value Large Cap Fund
USAA Growth 
USAA Growth & Income 
USAA Science & Technology 
USAA Value 
Victory NewBridge Large Cap Growth 
Wells Fargo Index

 

 

 

NOTE: Funds on this list do not necessarily represent all share classes. Always look at your specific fund before making any decisions.

Here is our 2017 list of funds with estimated distributions in excess of 20% of NAV.  About 85% of fund firms have released their distribution estimates, so this list is pretty complete at this point.

It’s important to note that funds on this list are not necessarily poor quality, but these funds are worth a second look if you hold them in taxable accounts. Think twice before purchasing these in a taxable account before their distribution dates.

NOTE: Funds on this list do not necessarily represent all share classes. Always look at your specific fund before making any decisions.

Funds with estimated distributions higher than 30% of NAV:

American Beacon Bridgeway Large Cap Growth II (over 40%)
BlackRock Advantage Large Cap Core
Eaton Vance Atlanta Capital Focused Growth
Harding Loevner Global Equity
Osterweis
Morgan Stanley Institutional Mid Cap Growth Portfolio (over 40%)
Morgan Stanley Small Company Growth Portfolio
Oak Ridge Small Cap Growth (over 40%)
Victory NewBridge Large Cap Growth

Funds with estimated distributions higher than 20%:

Aberdeen Equity Long-Short
AllianzGI Ultra Micro Cap
AMG FQ Long-Short Equity
AMG Frontier Small Cap Growth
BBH Core Select
BlackRock Advantage Global
Buffalo Small Cap
ClearBridge Small Cap Value
Columbia Acorn
Columbia Acorn USA
Dreyfus Sustainable US Equity
Glenmede U.S. Emerging Growth
Goldman Sachs Flexible Cap
Highland Premier Growth Equity
James Mid Cap
Manning & Napier Disciplined Value
Morgan Stanley Multi Cap Growth Trust
Neuberger Berman Genesis
PNC S&P 500 Index
Principal LargeCap Growth
Putnam Small Cap Value
Russell US Dynamic Equity
Russell US Large Cap Equity
TCW Select Equities
Transamerica Capital Growth
Transamerica Growth
UBS U.S. Small Cap Growth
Virtus Silvant Large-Cap Growth Stock
Wells Fargo Growth
Wells Fargo Premier Large Company Growth
William Blair Growth