Things to chew on from Brian Gilmartin at SA:
Summary
° There seem to be too many different types of risks developing around the Presidential election.
° Personally, I still think Financials in general and bank stocks in particular are more "value" than "value trap" but more patience will be required.
° It's another dry week for S&P 500 earnings releases, but the fireworks really start once again in the week of October 12th, 2020 when the big banks and many financial companies kick off 3rd quarter earnings.
Article Here

Likewise, I neglected to mention that even IRAs inherited from the same person can't be combined if they are of different types. However, there may still be a way to combine accounts (again, assuming inherited from the same person), because some of them are 403(b)s.
Here's a 2016 article from Kitces that covers rolling over inherited 403(b)s. Take it with a grain of salt, as the more recent SECURE Act has changed some things (e.g. eliminating stretch IRAs if the original owner died after 2019, but extending the non-stretch period allowed from five years to ten years).
https://www.kitces.com/blog/non-spouse-beneficiary-stretch-of-inherited-ira-and-401k-or-403b-employer-retirement-plans/
One of the things Kitces points out is that one has (or had?) the option of doing a rollover Roth conversion of the 403(b). That is, rolling the inherited T-403(b) directly into an inherited Roth IRA. Of course taxes would be due upon conversion. This could provide Mrs. Ruffles a way to increase the assets in that small inherited Roth IRA, assuming both the 403b and Roth IRA were inherited from the same person.
Of course this would not eliminate RMDs.
Even if the 403(b)s could not be combined with existing inherited IRAs (Roth or Traditional), rolling them over could still simplify administration. OTOH, Mrs. Ruffles may have investment options in the 403(b)s that are unique to them (e.g. stable value or TREA, or R6 share class of funds, or ...).

Good morning @hank : "One thing I like at Max Funds is the maximum 1-year loss they envision. Worst case scenario for sure. Where it’s helpful to me is in looking for / comparing relatively ”safe” funds to meet a certain portfolio need. "
Is there facts as to how close they come to ringing that bell, so to speak ? Is there a look back section ?
Stay Safe, Derf

Hi Derf - They claim some kind of “proprietary” system I think. (Doesn’t everyone? :)) My understanding is it’s run by Max Ferris who has appeared often on Fox as a financial / investment commentator. I don’t know if he still does. Never cared for Fox’s financial programming - but recall him being one of the better ones among the bunch.
I just ran a few lower risk funds through MaxFunds and - yikes - they really derate them (is that a word?). RPSIX comes in with a WCS (worst case scenario) of -40%. A favorite of mine, TRRIX weighs in at -45%. And Price’s venerable (and conservative) PRFDX scores a wopping -70% WCS.
Maybe ol’ Max knows something about the coming cliff? Or maybe he needs to change his whisky brand. I really don’t know.
To answer your question, @Derf - There’s no “look back section.” I can, however, appreciate and agree with their relative risk assessment of the 3 funds just cited, having owned all of them at one time or another. But the depth to which each might fall seems to me a bit exaggerated.
Regards

I love these fantasyland hypothetical scenarios that presume that A. most Americans have $750 extra a month to stash in the stock market and B. that the stock market's past returns will be the same in the future. Depending on which study you believe, on the low end, 40% of Americans have less than $1,000 in liquid assets to invest: https://bankrate.com/banking/savings/financial-security-january-2020/
But more importantly, who can say with any honesty what the next 20 years of stock performance will bring? No one.

@Gary1952: I’ve ferreted out for you the essential points in the Mester quotation. Here’s what she said:
Mester’s Overarching Thesis: “Opportunity and inclusion are important for achieving a strong economy”
How Mester thinks the “policymakers” can assist in meeting the need implicit in her thesis:
1. Increasing access to high-quality education.
2. Helping all households gain access to high speed internet.
3. Eliminating systemic inequities in access to credit and financial services.
Do you disagree with Mester’s thesis or with one of her three recommendations? I’m confused. I did not take her suggestion for “increasing access to high quality education“ as an indictment of our secondary schools. I thought she was referring to some kind of post-secondary assistance (subsidies, grants, scholarships, direct aid to universities, etc.) so kids from less well-off familires could enjoy the same high quality post-secondary education that kids from wealthier families do. Her second recommendation (access to high speed internet), however, is intrinsically linked to quality of education across all levels - including K-12.
In today’s modern economy, without some form of post-secondary education kids are at a severe disadvantage (and Mester sees this impacting American competitiveness globally). Post-secondary education need not be college, but study after study has confirmed that lifetime earnings correspond closely with years of college completed. And college is expensive. “... the average cost of college for the 2017–2018 school year was $20,770 for public schools (in-state) and $46,950 for nonprofit private schools, only including tuition, fees, and room and board.” Source
So, to your point, I saw nothing in Mester’s speech about “bad teachers” or mandatory school attendance laws not being enforced. Seems to me you tossed out some dubious red herrings to distract attention away from what she really said.

“Opportunity and inclusion are important for achieving a strong economy ... Policymakers can improve economic mobility by increasing access to high-quality education, helping all households gain access to high speed internet and eliminating systemic inequities in access to credit and financial services” Mester said. Story
Duh.
No disrespect to Mester. Just find it incredible that this needed to be said at all or that it took a Fed Reserve official saying it to make news. It would seem so damned obvious. Relates back to the recent Ray Dalio thread in some ways.

A pretty obvious academic exercise, but basically a straw man.

The key, here, is the ... sentence: once a portfolio is going to be rebalanced every year, the impact of decision rules is made null and void and the buckets are essentially just an asset allocation mirage, because the total amount of withdrawals is always the same (regardless of which asset classes it’s taken from) and the final allocation is always the same (due to the rebalancing).

The latter part of the sentence provides the explanation of why the two approaches come out the same. Hence my characterization of the substantially equal results as pretty obvious. However, the assumption that the portfolio be rebalanced annually, even if stocks and bonds are both down, is not realistic. Hence I take this theoretical equality to be a straw man.
If the cash bucket is to be replenished annually come hell or high water, what's the point in keeping more than a year's worth of expenditures in that bucket? In the real world, that cash bucket serves as a buffer for extended periods when both stocks and bonds are down. As Christine Benz describes the cash replenishing process:

In a good year for stocks, like 2013 or 2014, the retiree will be selling highly appreciated parts of the equity portfolio. If bonds have gained at the expense of stocks, the retiree would be lightening up on bonds. And if neither stocks nor bonds had appreciated, the retiree might allow bucket 1 to be drawn down, or even move into "next-line reserves" in the bond portfolio.

https://www.morningstar.com/articles/754593/retirement-bucket-basics-a-qa-with-morningstars-ch
You might have better luck with Moshe Milovsky's work, since he looks specifically at using the cash bucket without replenishing in down years. In a simplistic example, he shows that in the worst case (when the cash bucket is too small) the bucket approach can leave one with less. Fair enough, but is that an argument against the bucket approach or for allocating an adequate cash bucket?
He goes on to observe that in his example "there is a 60 percent chance [that a bucket approach] will be better off and a 40 percent chance [that a single balanced fund] will be better off. Indeed, the odds might favor [the bucket approach], but this is not a guaranteed way to avoid a poor sequence of returns."
https://www.thinkadvisor.com/2007/06/01/lesson-5-spending-buckets-and-financial-placebos/
P.S. Kitces describes the superiority of the bucket approach:

[A]s advocates of the strategy often point out, the bucket approach is arguably superior from the perspective of client psychology; it fits far better into our mental accounting heuristics, and makes the portfolio easier for clients to understand. Furthermore, clients may have an easier time staying the course through market volatility when they can clearly see where their cash flows will come from in the coming years, and that they truly have a decade or more to allow for any declines in the equity bucket to recover.
...
[E]ven if a bucket strategy merely produces the exact same asset allocation and portfolio construction, but does so in a manner that makes it easier for clients to stick with and implement the strategy, it is arguably a superior one.

(link)

Lance Roberts, Chief Investment Strategist, RIA Advisors
After having been in the investing world for more than 25 years from private banking and investment management to private and venture capital; Lance has pretty much “been there and done that” at one point or another. His common-sense approach, clear explanations and “real world” experience has appealed to audiences for over a decade. Lance is also the Chief Editor of the Real Investment Report, a weekly subscriber-based newsletter that is distributed nationwide. The newsletter covers economic, political and market topics as they relate to your money and life. He also writes the Real Investment Daily blog, which is read by thousands nationwide from individuals to professionals, and his opinions are frequently sought after by major media sources. Lance’s investment strategies and knowledge have been featured on CNBC, Fox Business News, Business News Network and Fox News. He has been quoted by a litany of publications from the Wall Street Journal, Reuters, Bloomberg, The New York Times, The Washington Post all the way to TheStreet.com. His writings and research have also been featured on several of the nation’s biggest financial blog sites such as the Pragmatic Capitalist, Credit Write-downs, The Daily Beast, Zero Hedge and Seeking Alpha.
Over the last couple of weeks, we have been discussing the ongoing market correction. As we stated last week:
“As shown in the chart below, we had suggested a correction back to previous market highs was likely but could extend to the 50-dma. So far, the correction has played out much as we anticipated.”
However, we also said:​​ “However, while we expect a rally next week, due to the short-term oversold condition of the market, there is a downside risk to the 200-dma, which is another 5% lower from current levels. Such would entail a near 14% decline from the peak, which is well within the historical norms of corrections during any given year.”
On Friday, due to the “quad-witching options expiration” (when all options contracts for the current strike month expire and rollover), the market gave up support at the 50-dma, as shown below.
The good news, if you want to call it that, is the market did hold a previous level of minor support and remains oversold short-term.
As such, the break of the 50-dma must recover early next week, or it will put the 200-dma into focus. That is currently about 7% lower than where we closed on Friday.

Curiously, I ran across this family in looking at SCG funds that market themselves as value funds. That came up in another thread.
Comparing Virtus KAR Small-Cap Value Fund's (PQSAX) prospectus with this one shows how worthless stated strategies often are. These two are cut from the same boilerplate. Below are the lead paragraphs in their respective Principal Investment Strategies section.
The main difference is only in market cap (small/mid vs. small). Both this "growth" fund and the other "value" fund say they invest in companies believed to be "undervalued" relative to their "growth" potential. I've tried to highlight the market cap differences between the two funds.
Small-Mid Cap Growth Fund
The fund seeks long-term capital appreciation by investing in small- and mid-capitalization stocks with lower overall risk characteristics. The fund invests in a select group of small- and mid-market capitalization companies believed to be undervalued relative to their future growth potential. The investment strategy emphasizes companies the subadviser believes to have a sustainable competitive advantage, strong management and low financial risk and to be able to grow over market cycles. Although the fund invests primarily in U.S. companies, it may invest in foreign securities and American Depositary Receipts.
Small-Cap Value Fund
The fund pursues long-term capital appreciation in the small market capitalization sector while seeking to incur less risk than the small capitalization value market. The fund invests in a select group of small market capitalization believed by the fund’s subadviser to be undervalued relative to their future growth potential. The investment strategy emphasizes companies the subadviser believes to have a sustainable competitive advantage, strong management and low financial risk and to be able to grow over market cycles. Although the fund invests primarily in U.S. companies, it may invest in foreign securities and depositary receipts.companies.
Small Cap Value prospectus (and prospectus for the family's other funds):
https://www.sec.gov/Archives/edgar/data/34273/000110465920006713/tv536302_485bpos.htm

Price’s ultra-short TRBUX (not equivalent to a money market fund) is normally pegged at $5.00 But has managed somehow to creep all the way up to $5.09 resulting (in part) in a 2.62% YTD return. This seems to me to be the financial equivalent of being “up the creek in a canoe without a paddle - and with thunder clouds on the horizon“. I don’t understand how they get out of this without investors taking a bath when the price eventually returns to $5.00. Everything I understand about the fund is that the $5 peg is the nominal NAV and they are loath to deviate from it very far for very long.

M* shows 41 distinct world small/mid funds. Their returns Monday, grouped by current portfolio style:
SCG (5): GPRIX -1.68%, GPGCX -2.09%, GPMCX -2.17%, EKGAX -2.67%, -SGSCX -3.1%
SCBl(3):  IZSYX -2.69%, DGLIX -2.92%, EVGIX -3.01%
MCG (17): WAGOX -1.04%, OBEGX -1.26%, WWWEX -1.24%, GGSYX -1.63%, GLNIX -1.65%,
                  GPGIX -1.63%, OWSMX -1.65%, SMCWX -1.69%, HGXVX -1.74%, DGSCX -2.06%,
                  AGCTX -2.08%, OPGIX -2.11%, GEOSX -2.37%, FHSIX -2.41%, ESVAX -2.42%,
                  TSYIX -2.43%, GNXIX -2.85%
MCBl(6):    NALFX -1.61%, FHESX -2.35%, LPEIX -2.36%,
                  CAEIX -2.49%, TEMGX -2.49%, CSMOX -2.64%
SCV (2): YASLX -2.43%, GGMMX -2.76%
LCG (1): FEUIX -1.21%
MCV (4): RAILX -1.35%, GCCHX -2.54%, GCHPX -2.56%, MOWIX -4.20%
LCBl(3): VMNVX -0.91%, HEOYX -1.92%, DGBEX -2.14%
The six italicized funds are ones that seem to be environmentally focused (e.g. "climate", or "environmental" or energy in an SRI sense). There are also ESG funds, DGBEX, FHESX, and HGXVX, but an ESG focus may not fundamentally alter the pool of companies they are fishing in. (One can debate whether sustainable development goals funds should be grouped with environmental funds.)
This exercise helps to illustrate a few things. Peers matter, how one groups funds matter. 15% of these funds are environmental. That means they aren't looking at the same companies, any more than, say, a financial sector fund is looking at the same companies as a value fund.
Styles matter, but grouping by style here leaves one with too few funds for meaningful comparisons. If you like the investing approach of a fund, and it is executing that approach well, it doesn't matter how its figures look relative to other funds with different approaches.
Time frames matter. These one day returns, even grouped by style, are all over the map. I suspect one would find at best only modest correlation between star ratings and these one day performance figures. Too much noise in a day to be meaningful.
Worth a mention is VMNVX. On a one day basis, it certainly looks like it is meeting its goal of lower volatility. But what I want to highlight is its overall performance. Out of the gate, it was the darling of many investors. The fund is now about 6½ years old. For its first couple of years its performance was great relative to its peers (for whatever that's worth). However, over the past five years, it has turned in a 69th percentile performance. Time frames matter.
Also worth a mention is NALFX. Possibly the granddaddy of clean energy funds (nearly 40 years old), it did miserably for many years (1 or 2 stars). IMHO waaay ahead of its time. Look at it now. Top 3% over the past five years. Being in the right place at the right time matters. With a fund that's only been around for a year, one can't tell whether that's luck or skill. But with this fund, after decades one has a pretty good idea of where it is heading.

Different doesn't mean better, though it can provide diversification. On the day, GPGCX underperformed every other Grandeur Peak fund, peer or not. Again, this is why one doesn't look at short term performance.
[ Edit: my error, GPMCX did worse, -2.17% vs. -2.09% ]
One of the fund's four stated strategies is indeed finding out of favor growth. Also from the man, the other three involve finding "broken growth, underappreciated growth and undiscovered growth."
This is like reading an old description of Legg Mason Value Trust and suggesting that BIll Miller should have been benchmarked against a value index.

The adviser follows a value discipline in selecting securities. ... Value stocks as a group may be out of favor ...

2004 Prospectus
 

The veteran value investor buys traditional "value" fare like financial stocks, but also "growth" stocks prone to nosebleed valuations and jarring volatility like Nextel Communications, Amazon.com Inc., IAC/InterActiveCorp, eBay Inc. and, most recently, Google Inc. These picks occasionally have drawn critics, but they were also key drivers of a more than 15% jump for the fund in the fourth quarter. ...
Mr. Miller: ... Now people look at the market and are concerned about valuation, but we aren't.

WSJ, Jan 6, 2005
Watch what I do, not what I say.
To find SCG funds that purport to be value funds (i.e. ones saying that they buy out of favor stocks), look for boutique growth families marketing value funds, or conversely, boutique value families with a fund classified as SCG.
For example, and hardly coincidentally, WAMVX. Its principal strategies include "us[ing] a 'bottom-up' process of fundamental analysis to look for individual companies [it] believe[s] are temporarily undervalued." Sounds like "out of favor" to me. Summary Prospectus.

After DB, which accounted for over half of the $2B in flagged (not necessarily illegal) transactions comes JPMorgan (since acquired by Chase JPM) accounting for 1/4 ($500B) of the flagged transactions. No other bank comes close. A UK bank, Standard Chartered, is third at under 10% (about $180B), then another US Bank, BNY Mellon BK at 3%. No Russian banks on the receiving end of these flagged transactions (obviously).
For full details, see: https://www.icij.org/investigations/fincen-files/
The article that davidrmoran linked to says that "To make it all happen, the perpetrators needed a Western bank to work with them." As an investor, ISTM it is those western banks that I need to keep an eye on. I'm not going to be investing in Russian banks, even should they be scrupulously clean and profitable.
That's not to say that there isn't a lot of corruption in Russian banks. See, e.g. Vast Offshore Network Moved Billions With Help From Major Russian Bank
https://www.occrp.org/en/troikalaundromat/vast-offshore-network-moved-billions-with-help-from-major-russian-bank
As an investor, what's actionable regarding Russian banks? "The Troika [now owned by Sberbank] Laundromat report named at least half a dozen major Western banks that had been recipients of the money, sending their shares tumbling and sparking internal investigations." So again there is that. (Citibank is mentioned as referring 20% of Troika's new clients.)
https://www.themoscowtimes.com/2019/03/07/troika-bank-scandal-exposed-global-failure-to-prevent-money-laundering-a64730
As a customer (as opposed to an investor), the first bank that pops into my mind when ethics are mentioned is Wells Fargo. Lewis mentioned WaMu (now owned by the aforementioned Chase). While it may not come to mind quite as quickly, BofA is right up there as well on the list of ethically challenged consumer banks.
There's no question that DB is one of the leading money laundering offenders. The good news is that there doesn't seem to be any mutual fund where DB constitutes more than a tiny sliver of its portfolio. Though AEGFX is so large ($166B), that its tiny ¼% of AUM still constitutes 2½% ownership of the bank.

The bold below in the buzzfeed article is mine simply because I the phrasing is so... so.... (no words come to mind). Where do you train to talk like this?

The letter warned that “leadership on financial crime had been lacking for a considerable period of time” at the bank and that managers had put the pursuit of profit above its responsibilities to fight money laundering.
It said it found evidence of “financial crime risk being overridden by commercial drivers and in some cases a willingness to take on very profitable clients, regardless of financial crime risks.”
The regulator said there was a “significant risk” that money laundering at the bank was “going unreported or undetected.”

this too is remarkable
https://www.buzzfeednews.com/article/tomwarren/deutsche-bank-money-laundering-mirror-trades

Re RPSIX. Not a bad fund. Here’s some possible reasons it’s had a lackluster year:
12.3% invested in stock fund PRFDX, which follows a value investment approach (long out of favor) and has 21% invested in financial stocks which have struggled recently due to very low interest rates. PRFDX is off about 14.5% YTD.
16.5% invested in their high yield fund PRHYX, which is essentially flat YTD.
8% invested in their EM bond fund, PREMX, which is slightly negative YTD..
That makes well over one-third of its holdings either flat or underwater this year. Shouldn’t be any mystery than why it’s not keeping pace with most bond funds. The fund is not and does not pretend to be an investment grade bond fund. Considering the commitment to PRFDX, it’s hard to consider it a bond fund at all. In fairness, this has been an unusually good year for some sectors of the bond market - longer dated government and intermediate investment grade corporates for example. Don’t expect that outperformance to continue indefinitely.

American Funds:
https://www.capitalgroup.com/advisor/tax/2020-year-end-distributions.html?sfid=57263512&cid=80177900&et_cid=80177900&cgsrc=SFMC&alias=A-cpy-LP-1-information&Et_mid=10768262&l=31996630_HTML&u=766493210&jb=8
Amundi Pioneer
https://www.amundipioneer.com/us/Resources/Tax-Center
Blackrock/iShares
https://www.blackrock.com/us/financial-professionals/resources/tax-information/2020-distributions
State Street Global Advisors
https://www.ssga.com/us/en/intermediary/etfs/resources/documents/dividend-distributions

UBS Funds:
https://www.ubs.com/us/en/asset-management/individual-investors-and-financial-advisors/products/mutual-fund/_jcr_content/mainpar/toplevelgrid/col1/accordionbox_80358036/linklist_1706327151/link_640279067.0924260690.file/bGluay9wYXRoPS9jb250ZW50L2RhbS9hc3NldHMvYW0vdXMvdXMtZmluYW5jaWFsLWFkdmlzb3IvcHJvZHVjdHMvdWJzLW11dHVhbC1mdW5kcy9jYXAtZ2FpbnMucGRm/cap-gains.pdf
US Global Investors:
http://www.usfunds.com/media/files/pdfs/dividend-memos/2020-distribution-estimate-announcement.pdf
USAA Funds (see link below also):
https://content.usaa.com/mcontent/static_assets/Media/MutualFundDist_PreNotification.pdf?cacheid=2760459220_p
VanEck Funds:
https://www.vaneck.com/vaneck-funds-2020-yearend-dividends-distributions.pdf
Vanguard Funds (updated):
https://advisors.vanguard.com/iwe/pdf/taxcenter/FAFYEEST.pdf
https://investornews.vanguard/updated-distribution-estimates-for-vanguard-managed-payout-fund-2/ (managed allocation fund info)
Victory Funds (includes USAA under Victory Fund Forms and Information heading):
https://advisor.vcm.com/literature/mutual-fund-documents
Virtus Funds:
https://www.virtus.com/assets/files/2gs/virtus-mutual-funds-2020-year-end-preliminiary-capital-gains-distribution-estimates-08-31-2020.pdf
Voya Funds:
https://individuals.voya.com/document/product/2020-estimated-capital-gains.pdf
Vulcan Value Partners:
https://www.vulcanvaluepartners.com/wp-content/uploads/2020/10/2020-Distributions-Estimates-09.30.20.pdf
Walthausen Funds:
http://www.walthausenfunds.com/fund-documents/
Wasatch Global (updated):
https://wasatchglobal.com/mutual-funds-distributions/
WCM Funds:
https://www.wcminvestfunds.com/files/wcm-mutual-fund-capital-gains.pdf
Weitz Investments:
https://weitzinvestments.com/funds/distributions.fs
Wells Fargo Funds:
https://www.wellsfargoassetmanagement.com/assets/public/pdf/product-alerts/20201019-productalert.pdf
Westchester Capital Management (new; Merger Fund):
http://www.mergerfund.com/wp-content/uploads/pdf/2020-Capital-Gains-and-Ordinary-Income-Distributions.pdf
Westwood Funds:
https://westwoodgroup.com/wp-content/uploads/2020/11/Fund-Distribution-Est.-10.31.20.pdf
William Blair Funds:
(I and N classes)
https://www.williamblairfunds.com/resources/docs/funds/other/2020 Estimated Distributions Class I and N.pdf
(R6 class)
https://www.williamblairfunds.com/resources/docs/funds/other/2020 Estimated Distributions Class R6.pdf
WisdomTree ETFs:
https://www.wisdomtree.com/-/media/us-media-files/capital-gains-estimates-schedule/2020-us-preliminary-estimated-capital-gains-distributions.pdf
Yorktown Funds:
https://yorktownfunds.com/funds-performance/distributions/#2020-distribution
Zevenbergen Funds (new):
https://www.zci.com/wp-content/uploads/2020/12/Zevenbergen-Genea-Distributions-2020.pdf
https://www.zci.com/wp-content/uploads/2020/12/Zevenbergen-Growth-Distributions-2020.pdf

Madison Funds:
https://www.madisonfunds.com/individual/tax-info
Mainstay Funds:
https://www.newyorklifeinvestments.com/assets/documents/tax/Cap-Gains- Estimate.pdf
Mairs and Power Funds:
https://www.mairsandpower.com/about-us/company-news/item/85-estimated-2020-capital-gains-and-dividends
Marisco Funds:
https://www.marsicofunds.com/investor-resources/content/distributions.fs
Marketfield Fund:
http://www.marketfieldfund.com/
Matthews Funds:
https://us.matthewsasia.com/investor-resources/fund-distributions.fs
Meridian Funds:
http://meridianfund.com/files/3216/0313/3712/2020_Estimated_Distributions_-_Meridian_Funds_093020.pdf
MetWest Funds:
https://www.tcw.com/-/media/Downloads/Products/US-Funds/MetWest-Funds/Distribution-and-Tax-Information/MWFUNDsb.pdf
Miller Family of Funds:
https://www.millerfamilyoffunds.com/wp-content/uploads/2020/10/Miller-Funds-Distribution-2020-Capital-Gains-Estimates.pdf
Miller Value Funds:
https://millervaluefunds.com/wp-content/uploads/pdf/miller-value-funds-cap-gains.pdf?cache=1605314555364
Mirae Asset Discovery Funds:
https://investments.miraeasset.us/application/files/5716/0328/4352/2020_Estimated_Capital_Gains_Distributions.pdf
Monetta Financial Services:
https://monetta.com/dividend-distributions/
Moerus Fund:
http://moerusfunds.com/wp-content/uploads/2020/11/Moerus-Worldwide-Value-Fund-Income-Distribution-Estimates-2020.pdf
Morgan Stanley Funds:
https://www.morganstanley.com/im/publication/forms/tax/2020-estimated-year-end-distributions.pdf
Nationwide Funds:
https://nationwidefinancial.com/media/pdf/MFN-0435AO.pdf?_ga=2.134231921.1236466564.1605037437-1390456055.1602175989
Natixis Funds:
https://www.im.natixis.com/us/year-end-distribution-estimates
Needham Funds:
https://www.needhamfunds.com/mutual-funds/aggressive-growth-fund/
https://www.needhamfunds.com/mutual-funds/growth-fund/
https://www.needhamfunds.com/mutual-funds/small-cap-growth-fund/
Neuberger Berman Funds (in Excel):
http://www.nb.com/handlers/documents.ashx?id=99b3690c-6309-4eaa-a108-b50d7a625e62&name=2020_Distribution_Estimates_Alternative_Funds.xlsx
http://www.nb.com/handlers/documents.ashx?id=281591ae-c8a3-41e1-82cd-ee4e41e45294&name=2020_Distribution_Estimates_Income_Funds.xlsx
http://www.nb.com/handlers/documents.ashx?id=05223716-3b3f-411b-a2d7-c3c7b7ee12a3&name=2020_Distribution_Estimates_Equity_Funds.xlsx
Nicholas Funds:
https://www.nicholasfunds.com/Distribution-Information/2020_Distribution_Calendar.htm
North Square Investments:
https://northsquareinvest.com/wp-content/uploads/2020/10/2020-North-Square-Funds-Estimated-Capital-Gains-Distributions-1.pdf
North Star Funds (new):
https://nsinvestfunds.com/insights/news/
Northern Trust Funds:
https://cdn.northerntrust.com/pws/nt/documents/funds/resources/estimated-capital-gains-2020.pdf
Nuance Investments:
https://www.nuanceinvestments.com/mutual-fund-news
Nuveen Funds:
https://documents.nuveen.com/Documents/Nuveen/Default.aspx?fileId=49964
Oak Associates Funds:
https://www.oakfunds.com/articles/2020-capital-gains-estimates
Oakmark Funds (updated):
https://oakmark.com/news-insights/2020-year-end-fund-distributions/
Oberweis Funds:
https://oberweisfunds.com/wp-content/uploads/2020/11/2020-Capital-Gains.pdf
Olstein Funds:
https://www.olsteinfunds.com/assets/images/documents/2020DistEstimate.pdf
Osterweis Funds:
https://www.osterweis.com/files/Osterweis_Funds_Distribution_Estimates_9.30.20.pdf
Pacific Funds:
http://www.pacificfunds.com/content/dam/paclife/rsd/mutual_funds/public/sales_materials/documents/mfc0858.pdf
Palmer Square Funds:
https://palmersquarefunds.com/uploads/2020 Estimated Capital Gains Summary.pdf
PartnerSelect Funds/Litman Gregory Masters Funds:
https://partnerselectfunds.com/distribution-estimates
Pax World Funds:
https://impaxam.com/customer-service/distributions/
Payden & Rygel Funds:
https://www.payden.com/capitalGains.aspx
Pear Tree Funds:
https://www.peartreefunds.com/sites/default/files/2020 Distribution Estimate Memo.pdf
Permanent Portfolio of Funds:
https://www.permanentportfoliofunds.com/pdf/PP Estimated D&D.pdf (Permanent Portfolio)
https://www.permanentportfoliofunds.com/pdf/AGP Estimated D&D.pdf (Aggressive Portfolio - ouch!)
https://www.permanentportfoliofunds.com/pdf/VBP Estimated D&D.pdf (Versatile Bond)
https://www.permanentportfoliofunds.com/pdf/STTP Estimated D&D.pdf (Short term Treasury)
Perritt Funds:
https://www.perrittcap.com/perritt-funds-tax-distribution-update/
PGIM Funds:
https://www.pgim.com/investments/getpidoc?file=7A78EEDA86AC41D8B28D2B0B960E87A3
Pimco Funds:
https://www.pimco.com/handlers/displaydocument.ashx?wd=Portfolio Statistics for Advisors&fn=PIMCO Funds 2020 Capital Gain Estimates.pdf&id=aAFD1OQfiDCWFuFlqvv2wob82t89TgQQWC3WV0JeVYAZa4KVp21fiJF+DPn2e/yS/fSaWO0VW0McdVca2tcGSEEfo0JGL/JcNeie08OWpm+ehL6ddl5A1OesKbkpdinU4GxfpwFmKPDdiU6RwepohEZPA2lITpXS1ks4r7UWGscwIlR1Wo0a57eI0SfiQUyvwDcoMnKVeY71voCUMQ9q8P9wCsUR5AxZEbth0orfUvequlUPEVf2RvyzUSqz/ZWpnesEauakhoL6qLYeY4CI9/fDxUAd7YktguBT/k/GJDCOc+0QJewTiZZ56ymUteqZ (Pimco Funds)
https://www.pimco.com/handlers/displaydocument.ashx?wd=Portfolio Statistics for Advisors&fn=EqS Funds 2020 Capital Gain Estimates.pdf&id=+EgXZk/mUIMSFY+Lw8h68oloHlFCY8P6Bt1obvinEd72B+Ma4Fw7QG4VYdmXJ30EIWcdWPHaBCUCAeEJhNqosjJFTTtOA/HJaupxJmfKSpZpofr5l7n4qwG7Myo5RxeUG7+anbnn2JbBKy5MzfpaEXZtzvcbn9mKeOwmRteYZXKYsPmvfJryWZGiOFyGV4RPE2VqCZrCwPVPmRVNH2unfR0bkYN3KhFVlYVi9Jp0r6xVWzTMfrrXD8uTEycIoF+xa19TFQ9qLZNzPeAzxn1gGRK7cvfUb0hsdE8whe8HUuyNGqDE52Zb4G2FI77DQrNM (EqS Funds)
Pinnacle Value Fund:
http://www.pinnaclevaluefund.com/historicalresults.aspx
Polen Capital Funds:
https://www.polencapital.com/wp-content/uploads/Polen-Year-End-Capital-Gain-Distribution-Estimates.pdf
Praxis Funds:
https://doclib.everence.com/WorkArea/DownloadAsset.aspx?id=29106#_ga=2.191446696.34554281.1580136051-485147425.1509020101
Primecap Odyssey Funds (updated):
https://www.primecap.com/wp-content/uploads/2020/12/Odyssey-Funds-Final-Distribution-Amounts-2020.pdf
Principal Funds:
https://secure02.principal.com/publicvsupply/GetFile?fm=MM3682&ty=VOP&EXT=.VOP
Provident Trust Strategy Fund (new):
https://www.provfunds.com/docs/12.18.20 Distribution Summary.pdf
PT Asset Management Funds:
http://ptam.com/documents/2020CapitalGainsDisclosures.pdf
Putnam Funds:
https://www.putnam.com/literature/pdf/TX001-6a6398e1779dd03e057b2f6f9972ee58.pdf
Pzena Funds:
https://www.pzena.com/wp-content/uploads/2020/11/MF-Estimated-Capital-Gains-2020.pdf

'Tis that time of year again! Some preliminary estimates are now available. As in years past, please alphabetize your funds. To make it easier for readers post (new) next to your additions to differentiate it from your older existing posts. Thanks to everyone who contributes and posts their information.
1919 Funds:
https://1919funds.com/pdfs/all/1919-Capital-Gains.pdf
1290 Funds:
http://www.1290funds.com/documents/1290funds-taxst-20201112.pdf
Aberdeen Funds:
https://www.aberdeenstandard.com/docs?editionId=628319b8-0389-42da-9283-be59cf005fff
Advisor Asset Management (AAM):
https://docs.aamlive.com/fisdocuments/marketing/mutualfund/distributions_estimated_all.pdf
Aegis Value Fund:
https://www.aegisfunds.com/assets/pdfs/Aegis_Value_Fund-2020_Distributions.pdf
AIG Funds:
https://www-1012.aig.com/pdf/capital-gains-estimates.aspx
Akre Funds:
https://www.akrefund.com/historical-distributions/
Alger Funds:
https://www.alger.com/Pages/Page.aspx?pageLabel=DividendsDistributions
Alliance Bernstein Funds:
https://www.alliancebernstein.com/sites/investments/us/resources/pdf/FINAL_GEN-5796.pdf
Allianz Global Funds:
https://us.allianzgi.com/documents/AllianzGI-Funds-2020-Capital-Gains-Distribution-Estimates-with-NAV
https://us.allianzgi.com/documents/AllianzGI-Funds-2020-Capital-Gains-Distribution-Estimates-without-NAV
https://us.allianzgi.com/documents/AllianzGI-Funds-2020-Capital-Gains-Distribution-Estimates-with-NAV-I-share
AlphaCentric Funds:
http://alphacentricfunds.com/wp-content/uploads/2020/11/AlphaCentric-Distributions-2020-11-20-EST-1.pdf
ALPS Funds:
https://www.alpsfunds.com/api/resources/6d0c88f52b125613cb74a7d3eb03fef2.pdf
American Beacon Funds:
https://www.americanbeaconfunds.com/downloads/resourcecenter/TaxAndDividend/2020YearEndEstDiv.pdf
American Century Funds:
https://www.americancentury.com/content/direct/en/insights/guidance-planning/tax-center/preparing-your-taxes/estimated-distributions.html
American Funds:
https://www.capitalgroup.com/individual/service-and-support/tax-center/2020-year-end-distributions.html
AMG Funds:
https://www.amgfunds.com/content/dam/amgfunds/documents/other/amgf-capital-gains.pdf
Amundi Pioneer Funds (updated):
https://www.amundipioneer.com/us/ezjscore/call/ezjscamundibuzz::sfForwardFront::paramsList=service=ProxyGedApi&routeId=_dl_YzI1ZTE0MDk2NzJlZWM5ODMxMTI1ZWI0Nzc5ZDcyYTU_download
Angel Oak Funds:
https://angeloakcapital.com/2020-estimated-capital-gains/
AQR Funds:
https://funds.aqr.com/-/media/Files/Fund-Documents/2020-Estimated-Distribution-Memo.pdf?la=en&hash=FDBFAC67BD1284C1343E41FB3EAB7332
Aquila Funds:
https://aquilafunds.com/2020/10/29/estimated-capital-gain-distributions-as-of-september-30-2020/#.X5xZ_nySmM8
Arbitrage Funds:
https://arbitragefunds.com/news/2020/10/22/arbitrage-funds-2020-year-end-distribution-estimates
Ariel Funds:
https://www.arielinvestments.com/distributions/
Aristotle Funds:
https://aristotlefunds.com/wp-content/uploads/2020/10/Aristotle-Funds-2020-Distribution-Estimates-as-of-2020-09-30-ACM-2010-241.pdf
ARK Etfs:
https://etfs.ark-funds.com/hubfs/1_Download_Files_ETF_Website/Performance-and-Other/Capital_Gains_Distribution_ARK_ETFs.pdf
Artisan Partners Funds:
https://www.artisanpartners.com/individual-investors/resources/tax-center/distributions.html
Ave Maria Funds:
https://www.avemariafunds.com/fund-family/dist-2020.html
Baillie Gifford Funds:
https://www.bailliegifford.com/en/usa/professional-investor/literature-library/funds/mutual-funds/estimated-capital-gain-distributions/
Baird Funds:
https://content.rwbaird.com/BairdFunds/PDF/2020-Estimated-Capital-Gains.pdf
Barings Funds:
https://www.barings.com/us/guest/news/press-releases/important-information-about-capital-gains-and-ordinary-income-distributions-december-2020
Baron Funds:
https://www.baronfunds.com/tax-center
BBH Funds:
https://www.bbhfunds.com/resource/blob/48770/3a9ed6c0f13cd9716fc10f209aaa1930/bbh-2020-estimated-year-end-distributions-data.pdf
Blackrock Funds:
https://www.blackrock.com/us/financial-professionals/literature/distribution-information/blackrock-funds-distribution-estimates-2020.pdf
BNY Mellon Funds:
https://im.bnymellon.com/us/en/documents/manual/tax-forms/2020-bny-mellon-family-of-funds-cap-gain-estimates.pdf
Bogle Small Cap Growth Fund:
https://boglefunds.com/mutualfund
Boston Partners Funds (check out Long/Short Equity Fund):
https://www.boston-partners.com/wp-content/uploads/2020/11/bp-funds-2020-estimated-cap-gain-dist-final.pdf
Bridgebuilder Funds:
http://www.bridgebuildermutualfunds.com/wp-content/uploads/pdfs/current/Bridge_Builder_2020_Capital_Gains.pdf
Bridgeway Funds:
https://bridgewayfunds.com/wp-content/uploads/sites/2/2020/11/2020-est-distributions.pdf
Brookfield Investment Funds:
https://publicsecurities.brookfield.com/~/media/Files/B/Brookfield-BIM-V4/documents/us-mutual/Brookfield Investment Funds Capital Gains Estimate 2020_Web.pdf
Brown Advisory Funds:
https://www.brownadvisory.com/sites/default/files/2020 Distribution Update October.pdf
Bruce Fund (paid (figures rounded))
Ordinary income $13.58
STCG - $.92
LTCG -$21.91
Buffalo Funds:
https://buffalofunds.com/our-funds/performance/#dividends
Calamos Funds:
https://www.calamos.com/globalassets/media/documents/tax-center/2020-calamos-estimated-capital-gains.pdf
Calvert Funds:
https://www.calvert.com/media/27727.pdf
Cambiar Funds:
https://www.cambiar.com/capital-gains-2020-estimates/
Carillon Tower Advisors:
https://www.carillontower.com/our-funds/fund-information
Castle Investment Management Funds:
https://www.castleim.com/wp-content/uploads/2020/11/A-Castle-Tandem-Cap-Gain-Estimate-Nov-10-2020.pdf
https://www.castleim.com/wp-content/uploads/2020/11/A-Castle-Focus-Cap-Gain-Estimate-Nov-10-2020.pdf
Catalyst Funds:
https://catalystmf.com/wp-content/uploads/sites/3/2020/11/catalyst-distributions-2020-11-20-est.pdf
Causeway Funds:
https://www.causewaycap.com/wp-content/uploads/2020_Causeway-Funds-Prelim-Distributions.pdf
Centerstone Investors:
https://centerstoneinv.com/wp-content/uploads/2020/10/Website-Summary-Dividend-Distribution-October-2020-1.pdf
Champlain Funds (updated):
https://mk0cipvtgu55k27ej46.kinstacdn.com/wp-content/uploads/2020/11/Champlain-Estimated-Yr-End-Distributions-2020-vr111320.pdf
Chartwell Funds:
https://www.chartwellip.com/ContentDocumentHandler.ashx?documentId=56962
City National Rochdale Funds:
https://www.citynationalrochdalefunds.com/assets/PDFs/Distributions/CNR_Cap_Gains_Distribution_Memo_2020.pdf
Clarkston Funds:
http://www.clarkstonfunds.com/documents/clarkstonfunds-dd-20201112.pdf
Clipper Fund:
https://clipperfund.com/document/read/2020_estimated_year_end_capital_gains_distributions
Cohen & Steers Funds:
https://assets.cohenandsteers.com/assets/content/tax_documents/2020_Estimated_Supplemental_Capital_Gain_Distributions_for_Open-End_Mutual_Funds.pdf
Coho Funds:
https://www.cohofunds.com/relative-value-equity-fund/tax-information/
Columbia Threadneedle Funds (incl. Acorn Funds):
https://www.columbiathreadneedleus.com/binaries/content/assets/cti/public/2020_YE_CAPITAL_GAIN_DISTRIBUTION_ESTIMATES.PDF
Commerce Funds (bottom of page):
https://www.commercefunds.com/fund-information/distributions
Congress Asset Funds:
http://www.congressasset.com/funds/assets/mutual-fund-capital-gains-2020.pdf
Credit Suisse Funds:
https://www.credit-suisse.com/media/assets/asset-management/docs/us/tax-information/2020/2020-december-distribution-notification.pdf
CRM Funds:
http://www.crmfunds.com/funds-overview/shareholder-resources/distributions/
Crossmark Steward Funds:
https://www.crossmarkglobal.com/wp-content/uploads/Crossmark-Steward-2020-Estimated-Year-End-Distributions-093020.pdf
Cullen Funds:
http://www.cullenfunds.com/documents/cullen-high-dividend-equity-fund-dd-20201031.pdf
Davis Funds:
https://davisfunds.com/document/read/2020_estimated_year_end_capital_gains_distributions
Delaware Funds:
https://mim.fgsfulfillment.com/download.aspx?sku=CGE-RET
DF Dent Funds:
https://dfdent.com/wp-content/uploads/2020/12/Capital-Gains-Distribution-2020.pdf
DGHM Funds (new):
https://dghmfunds.com/wp-content/uploads/DGHM-MicroCap-Value-Fund-Capital-Gains-Distribution.pdf
Diamond-Hill Funds (updated):
https://www.diamond-hill.com/wp-content/uploads/DHF-capital-gain-estimates-as-of-10-31-20.pdf
Dimensional Funds:
https://us.dimensional.com/-/media/Dimensional/Documents/US/2020-distributions.pdf?la=en&hash=37CC2986F663EEBBD23DCE2C38D176511DE38019
Dodge & Cox Funds:
https://www.dodgeandcox.com/pdf/shareholder_services/dc_estimated_year_end_distributions_2020.pdf
Domini Funds:
https://www.domini.com/manage-account/tax-center/dec-2020-distributions-1
Doubleline Funds:
https://doublelinefunds.com/wp-content/uploads/2020-DL-Funds-Estimated-Capital-Gains-10-23-2020.pdf
Driehaus Funds:
https://www.driehaus.com/system/uploads/fae/file/asset/419/DMF_Year_End_Distribution_2020.pdf
Dunham Funds:
https://www.dunham.com/FA/Pages/YearEndDistributions