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Chapter 19. Remember, the Tax Man Cometh > A Tax-Efficient Mutual Fund

A Tax-Efficient Mutual Fund

Given the new investor interest in the tax implications of mutual fund holdings, it is worth examining exactly what it means for a mutual fund to be tax efficient. As an example, we consider an actively managed tax-efficient fund, Eaton Vance Tax-Managed Growth 1.1 A shares. Note that, in terms of our discussion in earlier chapters, we are considering here the class A shares, which carry a 5.75 percent initial sales charge. The expense ratio is 0.77 percent.

The Eaton Vance Tax-Managed Fund showed the performance given in Table 19-1 through the end of 2001, using average annual returns (all figures are from Morningstar's Web site).


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