Mutual Fund Distribution FAQs

The record date is the date on which investors must own shares of the fund, as of market close, in order to receive the distribution.

This is the date on which the dividend and/or capital gain distribution is either reinvested into the investor’s account or paid to the investor in cash. For Janus Henderson funds, the ex-dividend and payable dates occur on the same day.

Many Janus Henderson equity funds pay a distribution yearly in December. However, there are also funds that pay a distribution on a monthly and quarterly basis. For example, most bond funds pay a monthly dividend.

If necessary, dividends and capital gains may be distributed at other times as well. If you own shares on the fund’s record date, you will receive the fund’s distribution, regardless of how long you have owned the fund.

Janus Henderson will typically provide preliminary dividend and capital gain distribution estimates here during the first week of October for funds that are expected to pay a distribution in December. Distributions apply to all investors equally, so if you buy shares in a fund before the record date, you may have to pay tax on any gains incurred from shares held on the record date. This is called "buying a dividend."

If you purchase shares of a fund just before a distribution, you will pay the full price for the shares and receive a portion of the purchase price back as a taxable distribution. This is referred to as "buying a dividend."

Assume you bought shares on December 30 and paid $10 per share. On December 31, the fund would pay you $0.25 per share as a dividend and your shares would now be worth $9.75 per share. Unless your account is set up as tax-deferred, dividends paid to you are included in your gross income for tax purposes, even though you may not have participated in the increase in NAV of the fund, and regardless of whether or not you reinvested the dividends.

You should consult your tax advisor regarding potential tax consequences of any distributions that may be paid shortly after purchase. For your convenience, distributions of net investment income and net capital gains are automatically reinvested in additional shares of the fund.

To receive distributions in cash, contact a Janus Henderson Representative at 800.525.3713 or change your distributions elections online. Whether reinvested or paid in cash, the distributions may be subject to taxes, unless your shares are held in a qualified tax-deferred account.