Under the provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003 (the "2003 Tax Act"), long-term capital gains tax rates have generally been reduced for individuals to a maximum of 15% for taxable years beginning before January 1, 2009. The Fund may also pay a special distribution at the end of the calendar year to comply with federal tax requirements. Dividends from net investment income, if any, are declared and paid quarterly. Distributions of net long-term capital gains, if any, in excess of net short-term capital losses are taxable as long-term capital gains, regardless of how long you have held the Shares. Dividends paid out of the Fund's income and net short-term gains, if any, are taxable as ordinary income. In general, your distributions are subject to federal income tax when they are paid, whether you take them in cash or reinvest them in the Fund. If this service is available and used, dividend distributions of both income and realized gains will be automatically reinvested in additional whole shares of the fund purchased in the secondary market. Brokers may require shareholders to adhere to specific procedures and timetables. Shareholders of the fund may contact their broker to determine the availability and costs of the service and the details of participation. The fund distributes its net realized capital gains, if any, to shareholders annually.ĭistributions in cash may be reinvested automatically in additional whole shares of the fund only if the broker through whom you purchased shares makes such option available. For Funds on a quarterly dividend payment cycle, the dividend ex-date is the next business day following the third Friday of each March, June, September and December, payable the last business day of April, July, October and December respectively. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.ĭividends from net investment income, if any, are declared and paid quarterly. Index returns do not represent Fund returns. The results assume that no cash was added to or assets withdrawn from the Index. From forward, performance reflects that of the Underlying Index, S&P 600 High Momentum Value Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.Īn investor cannot invest directly in an index. , performance reflects that of the previous Underlying Index, Russell 2000 Pure Value Index. From to, performance reflects that of the previous Underlying Index, RAFI Fundamental Small Value Index. S&P 600 High Momentum Value Index* performance prior to reflects that of the original Underlying Index, Dynamic Small Cap Value Intellidex Data beginning 10 years prior to the ending date of.
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