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The big question I'd have is what type of account are these funds in? If it's an IRA then there isn't any tax bite coming in the form of distributions. If it's a taxable account then here's what you need to do: 1) Figure out when the fund has its distribution as alot of funds have had them already, 2) If you still have time then selling before the distribution is the key assuming there is one which you may want to inquire about since some funds may not have distributions, and 3) If you missed getting out before the distribution figure out if you re-invested the dividends or took them in cash(One way to get out of funds gradually is to take the distributions in cash and invest them in a more tax-efficient manner rather than trigger a potentially sizeable tax bill if you're sitting on a bunch of unrealized gains).

Just my suggestions and your mileage may vary,

JB
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