Reply to Vanguard Target Date funds (in taxable accounts) --- WHAT IS GOING ON?

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Reply to "Vanguard Target Date funds (in taxable accounts) --- WHAT IS GOING ON?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is a common thing. Closed end funds often pay an Annual Dividend composed of long term and short term capital gains. Many paid huge ones end of 2021 and if you bought late in year pre  ex dividend you got burned.

However, those same funds now ex dividend in a stock mkt corrections are great buys. [/quote]

You really don't understand what happened in this case. [/quote]

+1[/quote]

Some closed end funds are down 20 percent as paid massive cap gains at year end. They operate similar to a target date fund and only pay once a year. [/quote]

Pretty sure I do. For instance RGT did Dane thing they paid a massive distribution of short and long term gains with an ex date of 12-10 and was pays me 12-23. Someone who bought that closed end fund on nov 30 had no clue about this and then in December 23 gets a payout of $2.75 on a stock worth around $15 all taxable.

On Wall Street I work at an Exchange we also get big ex dividend volume day before in taxable accounts selling,  folks also buying puts. Or even folks in tax free accounts buying to get dividend.

the closed end funds with an annual payout in a bill market at YE often do a large distribution of cap gains that catch folks off guard.

ETFs are better in taxable accounts that Target funds.

AGAIN. You really do not understand what is being complained about in this thread.[/quote]
NEW YORK, Dec. 1, 2021 /PRNewswire/ -- Royce Global Value Trust, Inc. (NYSE-RGT) (the "Fund") has declared a year-end distribution of $2.75 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on December 23, 2021 to stockholders of record at the close of business on December 13, 2021 (ex-dividend on December 10, 2021). The price of shares issued for reinvestment will be determined on December 20, 2021.
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