A capital gains distribution is the investor's share of the proceeds of a fund's sale of a "particular" stock and other assets. It has nothing to do with the amount of money the fund lost that year. It is two seperate categories. A fund can still lose money in its overall investing strategies by buying and selling from their pool of assets. Capital gains distributions may be made even when a fund's overall value has dropped during the year. That is, a fund may have sold some stocks that had appreciated in price, but these gains might be offset or even erased by other investments that lost money. In your case, it sounds like you did not have any capital gains distributions coming from a 1099DIV.
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