> This is the Markdown of a Backed Help Centre page, https://admin.backed.giving/help/news/2026/2026-11-08-distribution-cycles.md. Every page is listed at https://admin.backed.giving/help/llms.txt.

## What's new

- **Run Distribution Cycle.** Choose a date and Backed shows every fund due on it: the payment
  lines its tagged share adds to one `Draft` batch, the amount its contestable share puts into each
  linked grant's pool, its next distribution date after the cycle, and why any due fund is left
  out. Select `Confirm` to run it, then open the batch. Funds that aren't due are left as they are,
  and each date can have only one cycle. Find it under `Plan > Funds` or `Award and pay > Payments`,
  with the cycles already run listed below. See
  [Run a distribution cycle](/administrator/funds/distribution-cycles).
- **A hybrid fund's split.** A `Hybrid` fund's `Overview` now shows `Tagged Available` and
  `Contestable Available`, each under its share. See
  [A fund's record and its child funds](/administrator/funds/fund-record).