Vanguard Canada set final September cash distributions for a slate of Toronto-listed exchange-traded funds, splitting record and payment dates across two announcements covering equity, multi-asset, real estate, and fixed income products.
The firm said investors on the relevant record dates will receive cash distributions the following week.
The record date is Sept. 29 and the payment date is Oct. 7 for equity-oriented funds that trade on the Toronto Stock Exchange.
That group includes Vanguard FTSE Global All Cap ex Canada Index ETF (VXC), Vanguard U.S.
Total Market Index ETF in both unhedged and CAD-hedged forms (VUN and VUS), Vanguard S&P 500 Index ETF in unhedged and CAD-hedged forms (VFV and VSP), and the U.S. Dividend Appreciation pair, VGG and its CAD-hedged counterpart VGH.
More Read
A second notice covered funds that trade on Cboe Canada and the TSX. For those ETFs the record date is Oct. 1 and the payment date is Oct. 8.
Monthly payers on that list include the U.S., global ex-U.S., and global aggregate bond ETFs in CAD-hedged versions (VBU, VBG, VGAB), as well as core Canadian bond sleeves such as VAB, VSB, VSC, VCB, VGV, and VLB.
Vanguard FTSE Canadian Capped REIT Index ETF (VRE) and Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY) are also in the monthly cohort.
The multi-asset portfolios VCNS, VBAL, VGRO, and VCIP pay quarterly on the same Oct. 8 date, while Vanguard Retirement Income ETF Portfolio (VRIF) remains a monthly payer.
Per-unit amounts vary by fund, for the equity lineup paying Oct. 7, Vanguard lists 0.36743 Canadian dollars for VFV, 0.26263 for VXC, 0.24117 for VSP, 0.24783 for VUN, 0.23251 for VUS, 0.28498 for VGG, and 0.19162 for VGH.
For the Oct. 8 cycle, amounts include 0.14345 for VDY, 0.07636 for VRE, and 0.08300 for VRIF. The asset-allocation portfolios are set at 0.18118 for VBAL and VGRO, 0.17617 for VCNS, and 0.17382 for VCIP.
Bond ETF figures include 0.06433 for VAB, 0.05886 for VSB, 0.07534 for VSC, 0.08028 for VCB, 0.05882 for VGV, 0.06906 for VLB, 0.05534 for VBU, 0.03592 for VBG, and 0.04282 for VGAB.
Vanguard’s tables also confirm payout cadence, the equity index funds and the U.S. Dividend Appreciation products distribute quarterly, in keeping with typical dividend schedules for their underlying holdings.
The all-in-one balanced portfolios VCNS, VBAL, VGRO, and VCIP also pay quarterly.
Most bond strategies, VRE, VDY, and VRIF are monthly payers. Payment frequencies are unchanged from prior notices.
Investors who automatically reinvest distributions should see the amounts reflected in their brokerages when the cash is paid or when additional units are issued under dividend reinvestment plans.
For those holding in taxable accounts, the character of the distributions will matter for tax reporting and may include interest, eligible dividends, or other income, which is typically detailed in year-end tax slips and fund reports.
Record dates determine who qualifies for the payout, so investors trading around those dates should confirm settlement cycles with their platforms.
Vanguard detailed the payouts in press releases dated Sept. 22 and Sept. 23, available on its website.
The notices cover ETFs listed on the TSX and Cboe Canada and include CUSIPs, ISINs, per-unit amounts, and payment frequencies for each fund.
