2026 Capital Gains Watchlist: Biggest Payers by Peer Group

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In 30 minutes, see how distribution teams use CapGainsValet data in YCharts Fund Screener and Comp Tables to find competing funds with the largest estimated year-end distributions, then position their funds as the tax-efficient answer before capital gains hit.

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Capital gains season is underway. December once again brings one of the toughest client conversations of the year: explaining, and where possible mitigating, surprise mutual fund distributions.

This is where CapGainsValet becomes invaluable inside YCharts. CapGainsValet aggregates capital gains distribution estimates across thousands of mutual funds, normalizes them as a percentage of net asset value (NAV), and surfaces the most tax-sensitive holdings in seconds. Advisors can screen for high-distribution funds, identify which clients hold them, and prepare tax-efficient alternatives or year-end talking points before distributions hit accounts.

The 2026 rankings below were built with YCharts Fund Screener, Comp Tables, and CapGainsValet estimates as of October 2026. They break down estimated capital gains exposure in two layers:

1. Funds in the first percentile: the biggest estimated 2026 distributions as a percentage of NAV across all mutual funds
2. Peer-group statistics: the largest estimated payer and the median for 15 peer groups

Because every list was built in YCharts, each one can be recreated and customized with filters such as 1-year outflows, trailing performance, or minimum assets under management (AUM).

Note: Capital gains estimates are preliminary and change as fund companies revise them; CapGainsValet data in YCharts refreshes every Monday. Some funds appear more than once across tables because NAV differences among share classes produce different distribution percentages.

2026 Capital Gains Distributions: Key Takeaways

• Largest single estimate: Columbia Seligman Technology & Info Fund C (SCICX) projects a 96.50% total distribution, and the first percentile median sits at 38.04%.
• Highest peer-group median: Small Growth at 16.67%, followed closely by Small Value at 16.22%.
• Lowest peer-group median: Large Core at 8.19%.
• Value above growth in large caps: the Large Value median (11.68%) is higher than the Large Growth median (10.75%).
• Long-term gains dominate: in most top-10 lists, the bulk of each estimate is long-term capital gains rather than short-term gains or income.

Funds in the First Percentile of Total Distributions

The top 1% of estimated 2026 capital gains distributions includes 26 mutual funds. These funds carry the largest projected tax impact relative to NAV.

• Biggest: Columbia Seligman Technology & Info Fd C (SCICX): 96.50%
• Median: 38.04%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Large-Cap Mutual Funds Capital Gains

Large Growth

• Biggest: Columbia Select Large Cap Growth Fund I (UMLGX): 44.98%
• Median: 10.75%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Large Core

• Biggest: John Hancock Fundamental Large Cap Core Fund A (TAGRX): 27.23%
• Median: 8.19%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Large Value

• Biggest: MFS Value Fund I (MEIIX): 23.00%
• Median: 11.68%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Multi-Cap Mutual Funds Capital Gains

Multi Growth

• Biggest: AB Concentrated Growth Fund Advisor (WPSGX): 32.11%
• Median: 12.14%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Multi Core

• Biggest: Glenmede Strategic Equity Portfolio (GTCEX): 47.72%
• Median: 9.35%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Multi Value

• Biggest: Glenmede Energy Resilience Portfolio (RESGX): 31.00%
• Median: 12.36%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Equity Income

• Biggest: Russell Investments Equity Income Fund S (RLISX): 19.63%
• Median: 10.22%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Mid-Cap Mutual Funds Capital Gains

Mid Growth

• Biggest: Virtus KAR Mid-Cap Growth Fund I (PICMX): 37.77%
• Median: 10.00%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Mid Core

• Biggest: Principal MidCap Value Fund I R-6 (PCMSX): 25.08%
• Median: 11.00%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Mid Value

• Biggest: Victory RS Investors Fund Y (RSIYX): 15.31%
• Median: 10.66%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Small-Cap Mutual Funds Capital Gains

Small Growth

• Biggest: Thrivent Small Cap Growth Fund S (TSCGX): 31.88%
• Median: 16.67%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Small Core

• Biggest: Nationwide Renaissance Small Cap Growth Fund IS (NWGSX): 55.43%
• Median: 13.07%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Small Value

• Biggest: Allspring Special Small Cap Value Fund I (ESPNX): 25.79%
• Median: 16.22%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

International Mutual Funds Capital Gains

International Large-Cap Core

• Biggest: Ariel International Fund Institutional (AINIX): 18.19%
• Median: 9.41%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

International Large-Cap Growth

• Biggest: BNY Mellon International Stock Fund I (DISRX): 20.00%
• Median: 8.20%

Estimated distributions shown as a percentage of net asset value (NAV). Data source: YCharts, CapGainsValet, as of October 2026. Estimates are preliminary and subject to change.

Frequently Asked Questions

Which mutual fund has the largest estimated 2026 capital gains distribution?

As of October 2026, Columbia Seligman Technology & Info Fund C (SCICX) carries the largest estimated 2026 total capital gains distribution in the CapGainsValet dataset in YCharts, at 96.50% of NAV.

Which peer group has the highest median estimated distribution in 2026?

Small Growth has the highest median estimated total distribution of the 15 peer groups analyzed, at 16.67% of NAV as of October 2026. Small Value follows at 16.22%.

What is a mutual fund capital gains distribution?

A capital gains distribution is a payout of net gains a mutual fund realized from selling securities during its fiscal year. Shareholders in taxable accounts generally owe tax on these distributions even if they reinvest them and did not sell any shares.

How can advisors see which client holdings will distribute capital gains?

CapGainsValet in YCharts aggregates fund company estimates and normalizes them as a percentage of NAV. Advisors can screen the full mutual fund universe in Fund Screener, compare peers in Comp Tables, and analyze exposure at the portfolio or household level.

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