Solid Funds, But Far From Tax-Friendly
A convergence of strong market performance and redemptions has spelled tax headaches at some otherwise-worthy funds.
The year 2014 was a doozy for mutual fund capital gain distributions, and 2015 may be no better.
It's still early, of course. Mutual funds don't typically make their capital gains distributions until late in the fourth quarter of each year. Nor are market gains shaping up to be as strong as they were in 2014; at this rate, most equity investors would be lucky to end up in the black for 2015.
Christine Benz has a position in the following securities mentioned above: SLADX. Find out about Morningstar’s editorial policies.