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How Tax Efficient Have ETFs Been in 2021?

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Susan Dziubinski: Hi, I'm Susan Dziubinski with Morningstar. Exchange-traded funds tend to be more tax-efficient than mutual funds because they generally distribute smaller and fewer capital gains. But that doesn't mean that ETFs are tax-immune. Joining me to discuss how the capital gains distribution season is looking for ETF investors this year is Ben Johnson. Ben is Morningstar's global director of ETF research.

Thanks for being here, Ben.