Ranking Mutual Funds on an After-Tax Basis / Joel M. Dickson, John B. Shoven.

Format:

Book

Author/Creator:

Dickson, Joel M.

Contributor:

National Bureau of Economic Research.

Shoven, John B.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4393.

NBER working paper series no. w4393

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1993.

Summary:

This paper takes shareholder level taxes into account in determining the performance of growth and growth and income mutual funds over the 1963-1992 period. It ranks a sample of funds on a before and after-tax basis for investors in different income classes facing various investment horizons. The differences between the relative ranking of funds on a before and after-tax basis are dramatic. especially for middle and high income investors. For instance. one fund which ranks in the 19th percentile on a pre-tax basis ranks in the 61st percentile for an upper income. taxable investor.

Notes:

Print version record

July 1993.