In the Doghouse — 2026

Here they are: the funds currently estimating year-end capital gain distributions greater than 20% of NAV.

A big distribution does not make a fund a bad investment. But it can create a surprisingly large tax bill—especially if you recently bought the fund in a taxable account.

Before buying, selling, or exchanging anything, check the estimate, the expected record date, and your own tax situation.

The Big Dogs

Funds estimating distributions greater than 30% of NAV:

• AB Concentrated Growth Fund
• ARGA Emerging Markets Value Fund
• Baillie Gifford Global Alpha Equities Fund
• Baillie Gifford International Alpha Fund
• Baird Mid Cap Growth Fund
• BNY Mellon Small Cap Multi-Strategy
• Columbia Select Large Cap Growth Fund
• Federated Hermes International Equity Fund
• Federated Hermes International Growth Fund
• Glenmede Energy Resilience Portfolio
• Glenmede Strategic Equity Portfolio
• Glenmede Total Market Plus Equity Portfolio
• Impax Large Cap Fund
• MFS Global Equity Fund
• Morgan Stanley Institutional Global Franchise Portfolio
• Nationwide Renaissance Small Cap Growth Fund
• Nomura Small Cap Growth Fund
• NYLI Candriam Emerging Markets Equity Fund
• NYLI Winslow Large Cap Growth Fund
• Thrivent Small Cap Growth Fund
• Virtus KAR Mid-Cap Growth Fund

In the Doghouse

Funds estimating distributions between 20% and 30% of NAV:

• AB Global Core Equity Portfolio
• Alger Small Cap Growth Institutional Fund
• Allspring Common Stock Fund
• Allspring SMID Cap Growth
• Allspring Special Small Cap Value Fund
• American Century Disciplined Growth
• American Funds New Economy Fund
• AMG Frontier Small Cap Growth Fund
• AMG GW&K Small Cap Value Fund
• ARGA International Value Fund
• BNY Global Emerging Markets
• BNY Global Stock
• BNY International Stock
• BNY Large Cap Equity
• BNY Midcap Index
• BNY Natural Resources
• BNY S&P 500 Index
• BNY Small Cap Value
• BNY Small/Mid Cap Growth
• BNY Worldwide Growth
• Champlain Mid Cap Fund
• Champlain Small Company Fund
• Columbia Cornerstone Growth Fund
• Columbia Integrated Small Cap Growth Fund
• Columbia Seligman Global Technology Fund
• Columbia Seligman Technology and Information Fund
• Columbia Small Cap Growth Fund
• Conestoga Small Cap
• DWS Small Cap Growth Fund
• Federated Hermes Kaufmann Large Cap Fund
• Federated Hermes MDT Small Cap Value Fund
• Fidelity Advisor Health Care Fund
• Fidelity Trend Fund
• Franklin Putnam Large Cap Growth Fund
• Franklin Putnam Small Cap Growth Fund
• Franklin Templeton Global Smaller Companies Fund
• Franklin Templeton Small Cap Growth Fund
• Glenmede Disciplined U.S. Equity Portfolio
• GuideStone Growth Equity Fund
• Harbor Large Cap Value Fund
• Harding Loevner Global Equity Portfolio
• Harding Loevner International Sm Cos Port
• Hartford Schroders US Small Cap Opportunities Fund
• Hartford Small Cap Growth Fund
• iMGP International Fund
• Impax Global Environmental Markets Fund
• Invesco Developing Markets Fund
• Invesco Discovery Fund
• Invesco Small Cap Growth Fund
• John Hancock Fundamental Large Cap Core Fund
• John Hancock US Global Leaders Growth Fund
• JPMorgan Growth Advantage Fund
• JPMorgan Mid Cap Value Fund
• JPMorgan Small Cap Equity Fund
• JPMorgan Small Cap Growth Fund
• Madison Large Cap Fund
• MFS Massachusetts Investors Growth Stock Fund
• MFS Value Fund
• Morgan Stanley Institutional International Equity Portfolio
• Nationwide Geneva Small Cap Growth Fund
• Natixis Vaughan Nelson Emerging Markets Fund
• Nomura Large Cap Growth Fund
• Nomura Mid Cap Growth Fund
• Nomura Science and Technology Fund
• Nomura Small Cap Core Fund
• Nomura Value Fund
• North Square Dynamic Small Cap Fund
• Nuveen Large Cap Growth
• Nuveen Large Cap Responsible Equity
• NYLI MacKay Convertible Fund
• PGIM Jennison Global Opportunities Fund
• PGIM Quant Solutions Large-Cap Value Fund
• Principal Equity Income Fund
• Principal LargeCap Growth Fund
• Principal LifeTime 2025 Fund
• Principal LifeTime 2040 Fund
• Principal LifeTime 2045 Fund
• Principal LifeTime 2050 Fund
• Principal LifeTime 2055 Fund
• Principal MidCap Value Fund
• Principal SmallCap Fund
• RBC U.S. Mid-Cap Value Equity Fund
• Royce Capital Fund - Micro-Cap Portfolio
• Royce Capital Fund - Small-Cap Portfolio
• Royce Small-Cap Special Equity Fund
• Russell Investments Equity Income Fund
• SEI Catholic Values Equity Fund
• State Street Institutional Small-Cap Equity Fund
• Sterling Capital Behavioral Small Cap Value Equity Fund
• T. Rowe Price Institutional Large-Cap Core Growth Fund
• T. Rowe Price Large-Cap Value Fund
• T. Rowe Price Science & Technology Fund
• Victory Global Managed Volatility Fund
• Virtus Silvant Mid-Cap Growth Fund
• Virtus Zevenbergen Innovative Growth Stock Fund
• WCM Focused Emerging Markets ex China Fund

This list may not include every share class. Estimates can change before the distribution date. Always check your specific ticker—and do not make a trade based on the estimate alone.