(laughing) you must be kidding!  You think that a distribution due to super high turnover in a mutual fund is in some way "free money"???  If you hold this fund in a taxable account all you are doing is paying taxes on having your own money handed back to you and if you hold it in a tax sheltered account your NAV is reduced by the same amount that you receive in the distribution... hate to break it to you, but there is no free lunch...

Hope you dont have to take back those gifts you bought last Christmas!

Seriously though... its good that novice investors read this board and can learn and grow in their handling of their money... but it is indeed hard to believe that adults dont understand the basics of the mutual fund structure in which they invest... its the sort of ignorance that keeps the financial world turning though

Ajw