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For example for one of Vanguard's funds it stated:

FTSE Developed World ex-U.K. Equity Index Fund - Accumulation (FPC9.GB) has declared a GBP 6.167605000 per share final distribution. Group 2 units will have an equalisation rate of 3.285574000 applied

This does not seem to be the same as a 'dividend' - so what is it? What terms can I search / investigate for to understand it? I didn't seem to have much luck with "share distribution".

  • Lots of articles out there. Google: "Difference between dividend and distributions" – Bob Baerker Mar 26 at 11:36
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Contacted Vanguard and they stated:

FTSE Developed World ex-U.K. Equity Index Fund - Accumulation fund, which reinvests all the underlying dividends back into the fund, at a fund level. This means that over time, the value of each unit increases with this increased investment, as these are not paid out to investors accounts directly.

  • 1
    did this answer your question? – mhoran_psprep Mar 27 at 10:19

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