In addition, some ordinary dividends declared and paid by the Fund to individual shareholders may qualify for taxation at the lower reduced tax rates applicable to long-term capital gains, provided that holding period and other requirements are met by the Fund and the shareholder.ĭistributions in excess of the Fund's current and accumulated earnings and profits are treated as a tax-free return of capital to the extent of your basis in the Shares, and as capital gain thereafter. Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements. Dividends from net investment income, if any, are declared and paid quarterly. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market. Brokers may require shareholders to adhere to specific procedures and timetables. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. The fund distributes its net realized capital gains, if any, to shareholders annually.ĭistributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. For Funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of April, July, October and December respectively. Ratings for other share classes may differ due to different performance characteristics.ĭividends from net investment income, if any, are declared and paid quarterly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Past performance does not guarantee future results. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. It may not be copied or distributed and is not warranted to be accurate, complete or timely. The information contained herein is proprietary to Morningstar and/or its content providers. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. Ratings are calculated for funds with at least a three year history. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |