April 22, 2024


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Updated distribution estimates for Vanguard Managed Allocation Fund

Continue to keep in intellect that the fund’s true distributions may possibly differ from the figures proven listed here. These estimates are up to date to reflect projected yr-finish distributions for the underlying funds in which the Managed Allocation Fund invests, but they do not reflect any variations in the fund’s commodity investments given that the mid-December distribution. Commodity-expenditure variations could affect the breakdown of the fund’s yr-to-day distributions as properly as the need for, and sum of, any added distributions. Buys and redemptions in the Managed Allocation Fund may also affect remaining distribution figures.

In late January 2021, you can see the remaining regular income, extended-phrase funds gains, and return-of-funds distribution quantities for the fund in the safe My Accounts spot of vanguard.com. This facts will also be reported on Kind 1099-DIV, which you will obtain in early 2021.

1. Believed breakdown of 2020 monthly distributions

The share estimates in this desk are for the monthly distribution payments received as a result of the Could fifteen, 2020, distribution. They’re broken into categories suitable with tax-reporting requirements, as opposed to the share breakdown you see on monthly statements, which is primarily based on money-reporting requirements.

The estimates involve projections of income dividends and funds gains distributions anticipated to be received as a result of the finish of 2020 from the funds and holdings in which the Managed Allocation Fund invests. They do not involve any gains or losses in commodity investments given that the Could fifteen, 2020, distribution.

two. Believed per-share quantities of added distributions

These estimates are for added distributions the Managed Allocation Fund is anticipated to make from net income and/or extended-phrase funds gains. These distributions are usually reinvested mechanically in shares of the Managed Allocation Fund.

Fund Ticker Declaration day/
File day
Payable day Everyday income Extensive-phrase
funds gains
of funds
Managed Allocation Fund VPGDX twelve/29/2020 twelve/31/2020 $.00 $.seventy five $.08


All investing is issue to possibility, together with the probable decline of revenue you invest.

The performance details proven characterize earlier overall performance, which is not a ensure of long term results. Expense returns and principal price will fluctuate, so investors’ shares, when bought, may be worthy of more or significantly less than their unique price tag. Recent overall performance may be lessen or higher than the overall performance details cited. For overall performance details present-day to the most current month-finish, pay a visit to Vanguard fund overall performance.

Prior to Could 21, 2020, Vanguard Managed Allocation Fund was known as Vanguard Managed Payout Fund and mandated monthly money distributions. Distributions proven for periods in advance of Could 21, 2020, reflect monthly distributions, whilst periods following Could 21, 2020, reflect once-a-year distributions.

Vanguard Managed Allocation Fund is not certain to realize its expenditure objectives and is issue to decline. In addition, some of its distributions may be addressed in element as a return of funds. The greenback sum of the fund’s monthly money distributions could go up or down considerably from one yr to the next and in excess of time. It is also probable for the fund to endure significant expenditure losses and concurrently practical experience added asset reductions as a consequence of its distributions to shareholders underneath its managed-distribution policy. An expenditure in the fund could reduce revenue in excess of short, intermediate, or even extended periods of time due to the fact the fund allocates its property all over the world throughout distinctive asset classes and investments with certain possibility and return qualities. Diversification does not assure a revenue or protect against a decline. The fund is proportionately issue to the pitfalls involved with its underlying funds, which may invest in shares (together with shares issued by REITs), bonds, money, inflation-joined investments, commodity-joined investments, extended/short industry neutral investments, and leveraged absolute return investments.

The Managed Allocation Fund may not be suitable for all traders. For example, based on the time horizon, retirement income desires, and tax bracket, an expenditure in the fund may possibly not be suitable for younger traders not currently in retirement, for traders underneath age 59½, who may maintain the fund in an IRA or other tax-advantaged account, or for members in employer-sponsored ideas. Traders who maintain the fund in a tax-advantaged retirement account really should consult their tax advisors to explore tax penalties that could consequence if payments are dispersed from their account prior to age 59½ or if they system to use the fund, in entire or in element, to fulfill their needed minimal distribution (RMD) obligations. Distributions from the fund are unlikely to precisely match an investor’s IRA RMD obligations. In addition, use of the fund may be limited in employer-sponsored ideas by the conditions of the governing system paperwork and/or at the discretion of the system administrator. Review the facts very carefully with your money advisor in advance of choosing regardless of whether the fund is correct for you.

Before investing, consider the Managed Allocation Fund’s expenditure objectives, methods, pitfalls, costs and bills. Get hold of Vanguard for a prospectus made up of this facts. Browse it very carefully.