First Trust estimates no L-T capital gains distributions for its ETFs for 2014
A statement on the First Trust’s website indicates that the firm does not anticipate any long-term capital gains distributions for its ETFs for the 2014 tax year. Any short-term capital gains distributions are expected to be nominal. The statement reads, as follows :
- 2014 Estimated Capital Gain Distributions
The First Trust Exchange-Traded Funds are not expecting to pay long-term capital gain distributions during the remainder of 2014. Short-term capital gain distributions, if any, are expected to be nominal and are taxed like ordinary income. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations indicated above.
ETF Model Solutions uses First Trust ETFs within several of its model allocations, including the First Trust North American Energy Infrastructure ETF (EMLP) in our Real Asset Model, the First Trust Value Line Dividend Index (FVD) in our Global Equity Model, and the First Trust US Ipo Index, which is a holding in our Private Equity Model and is also included in the Endowment Multi-Asset ETF Allocation Collective Investment Fund.
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