In the Monday edition of the
Wall Street Journal Fund Track column
Daisy Maxey notes that several funds expect to pay out minimal capital-gains distributions this year as many funds are able to offset 2009 gains with 2008 losses. Maxey cites numbers from Morningstar
showing that out of the the
25 biggest funds, 15 had negative capital-gains exposure as of October 28.
Among those that do not anticipate making any capital-gains
distributions are Dodge & Cox Funds
and Longleaf Partners
. For its part,
Osterweis Capital Management
sees zero or minimal distributions.
Meanwhile, T. Rowe Price
said they anticipate that just a few of their
funds will make small distributions.
A Vanguard spokesperson told Maxey that the firm anticipates that eight of its bond offerings and two of its equity funds will pay out capital-gains distributions.
Of the top 25 funds, four had slightly higher potential gains exposure. The list includes American Funds EuroPacific Fund
and Vanguard 500 Index Investor Fund
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