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Should You Worry About the Tax Efficiency of Vanguard ETFs?

The unique structure of Vanguard ETFs makes them more vulnerable to capital gains distributions, but Ben Johnson says the likelihood is still low.

Christine Benz: Hi, I'm Christine Benz from Vanguard's equity exchange traded funds have managed to be very tax-efficient so far, but will they always be? Joining me to discuss some research on this topic is Ben Johnson, he's director of global ETF research for Morningstar.

Ben, thank you so much for being here.