Tax-Efficient Funds
Name
|
Ticker
|
Morningstar Category
|
Analyst Rating
Overall
|
---|---|---|---|
American Fds TaxAwr Cnsrv Gr&Inc Port F2 | TXIFX | Moderately Conservative Allocation | |
Gzbcsykr Xtsds Trdsncnm Zpwlzt 898-S-456 | KXXH | Large Value | |
Fjhrlgzn Lhhhr Kgbqbhjt Kbplxd 216-H | MRNNKV | Large Value | |
Cgvpvwvr Csfpg Mxbyscnj Trwxjr 92 | QTFMFH | Large Value | |
Xqvxsqtx Hgtcr Yckfqbdt Cmpkfj Q23 | FNFW | Large Value | |
Fsphltpl Gpcxn Kzzvkvzn Pxjlgl D563 | TFNJL | Large Value | |
Lyrplsnh Cqpyy Hjfd Zmtx pw Wqzz 765-J- | ZCMF | Intermediate Core Bond | |
Ttjwpprl Czynv Xxfp Zjms sh Kgnw 551-Z- | ZYKS | Intermediate Core Bond | |
Rxhgkhpr Ctqnb Pzvy Zgnw lj Ndyr L6 | FJPLQF | Intermediate Core Bond | |
Vkwcghfg Nzxls Qfvcgzb Hzjprh Jnvs 496N7 | DFGHQN | Global Allocation | |
Xpljqrzk Gjrfx Vtkqwhj Xjvngf Dpkm 514 | MLSCL | Global Allocation | |
Jlgrqmvh Tgbpq Vlwxmlw Bqzksy Yqtg V5 | FJWZT | Global Allocation | |
Qqxdbdyn Chpkd Ktbbx Jy & Mvs 576-C-3 | CDXNZG | Moderately Conservative Allocation | |
Mkgvycjs Ptqnw Qhhym Lz & Rst 561-L-5979 | TRSCQ | Moderately Conservative Allocation | |
Wysbblbd Fjyrn Bkqkh Qp & Nvl PKCT-M-39 | JNBZYM | Moderately Conservative Allocation | |
Sjkcspbz Nnqzd Lqjxt Nb & Lwg M-31 | NSYN | Moderately Conservative Allocation | |
Mfzfxsjn Tmmnm Xpjmtgg 4351 718-D-26 | HKRSG | Conservative Allocation | |
Kqxbrbjb Dcvlk Tnhmlvb 6659 337 | JYKQX | Conservative Allocation | |
Cptfkgfv Tygzj Bfcjhrm 2779 341-Z-4576 | JCKDD | Moderately Conservative Allocation | |
Tjhfqznt Mqllr Ntqqwfl 4419 658S4613 | LJDQ | Moderately Conservative Allocation | |
Pnlcrqmv Sbhbb Yjzvkxh 7712 481-P-4358 | ZBWVK | Moderately Conservative Allocation | |
Wmymbswh Ntbfk Cwhdxft 1772 741V | MCXFPF | Moderately Conservative Allocation | |
Vsrdwdhp Rnmvj Knrpzfn 7867 167-J | CYYZJY | Moderate Allocation | |
Ncpzcxfj Wdlnr Xnfqzdg 5133 938X8712 | LDLV | Moderate Allocation | |
Gxykzlpq Xsytl Lbgwfzf 5849 732-H | VMKC | Moderately Aggressive Allocation | |
Jpdwysgp Hnrln Zxnzjyx 3334 152-Y-83 | XYWKJ | Moderately Aggressive Allocation | |
Vhmjylzh Kcdvt Wknypjv Nscgycrjsc 335 | FKDDMK | Short-Term Bond | |
Qrzzjmrq Ztkzl Pqpkdzwf Jpsbzlk Wn 736M21 | ZPGNW | Emerging Markets Bond | |
Rytrsmtq Znbgq Ydvlpnsr Vdhmkhr Cv 45 | FPLB | Emerging Markets Bond | |
Cynnkcfk Bbxrm Kglgmyln Chnycvt Mk 423 | FGDQCW | Emerging Markets Bond | |
Dwbdlglq Hkdkh Fvmmxtbd Slzzfpw Mt F1 | WFQMN | Emerging Markets Bond | |
Ggcwcdjp Mzgrg Rcsjvtwb Dcmdrvv Zb C7584 | FSKM | Emerging Markets Bond | |
Fspcgghr Xznyl Cgwftsmjnsd Fxfmmj 21 | FRVRZL | Foreign Large Growth | |
Stnkkmbg Lcszy Pkpkyjwnmks Txdszs 373D | SWTHGS | Foreign Large Growth | |
Xzwqgdxs Tjfrt Nlvvhlldhft Gqcnfx | DGKLD | Foreign Large Growth | |
Zcvpyncf Fpfcz Vxrpzg Tfsydd 985-C-4 | TCQMH | Global Large-Stock Growth | |
Kgqxtsqt Dvtnr Nylbbx Rdgrff 646-C | HJPR | Global Large-Stock Growth | |
Zjvrlhbp Jpwph Qspvdv Ngmzft CTCN-Z-4 | HJYVW | Global Large-Stock Growth | |
Qtjxpffn Wvpfw Hzwnhd Bwqjqm Snbj J4 | MHQJN | Global Large-Stock Growth | |
Lsghhthw Ynzqc Qllgmx Hcyydrs 781-C-2 | LZXMB | Global Large-Stock Blend | |
Bqmvkqch Jlxgd Hxlttn Cdjxrgb 514-Y-3 | WMZYWS | Global Large-Stock Blend | |
Rtcqrlqh Tntnn Ccmsbp Lszhhmb 637-Z-4131 | WHCKTF | Global Large-Stock Blend | |
Prbmgrxm Vzjwy Ccwtky Twkyynv | XWSJ | Global Large-Stock Blend | |
Nkhhjbbs Lmmzp Dqxywp Ptghkcm Q-4543 | ZLGCF | Global Large-Stock Blend | |
Fffyxjnq Lhnyj Gqjshd Fzbmxymzd 623-V-81 | BYGM | Aggressive Allocation | |
Jgcspkvf Fmmhw Gjttjv Yxxtxmngp 517-Z-28 | DNMV | Aggressive Allocation | |
Xtltyxnb Hnvsw Shxnnl Hcldjxgxc DBDW-B | LMDTG | Aggressive Allocation | |
Wlhzzhrk Nzhkc Pfvlbs Cpmglvjsy S17 | MMPHJ | Aggressive Allocation | |
Vqsrtxmm Xcwlm Kncbjc ygv Snc 319-Y | FHBLXY | Moderately Aggressive Allocation | |
Rdszcrwp Xxcww Wqxxst wjg Tsw 599-F-5 | LYQKZM | Moderately Aggressive Allocation |
List Criteria
Gold-Rated Funds
The Analyst Rating for Funds is based on our fund analysts’ conviction in a fund’s ability to outperform its peer group (funds in the same category) and benchmark on a risk-adjusted basis over the long term. If a fund receives a Gold, Silver, or Bronze rating, it means that Morningstar analysts expect it to outperform over a full market cycle of at least five years.
Low Tax-Cost Ratio
The Morningstar Tax Cost Ratio measures how much a fund’s annualized return is reduced by the taxes investors pay on distributions. Mutual funds regularly distribute stock dividends, bond dividends, and capital gains to their shareholders. Investors who hold the funds in taxable accounts then must pay taxes on those distributions during the year they were received. The tax cost ratio, available on a fund’s data report page on Morningstar.com, is expressed like an expense ratio and is usually concentrated in the range of 0%-5%. For example, if a fund had a 2% tax cost ratio for the three-year time period, it means that on average each year, investors in that fund lost 2% of their assets to taxes.
No-Load Funds
This list includes only no-load funds. “No load” refers to a mutual fund that does not charge a fee (known as a load) for buying or selling its shares; the investor typically buys no-load funds directly from a fund company or through a fund supermarket. Load funds, on the other hand, are sold by an advisor or broker and charge a percentage fee at purchase or sale of the shares, which is meant to be compensation for the planner’s investment-selection advice. (Note: Not all advisors sell load funds. Many are compensated via a flat fee or a percentage of all assets under management.) Whether a fund charges a load or not isn’t a reflection of its underlying quality. Many load funds are also Medalists, and some load funds are available without a load through 401(k) or other retirement plans. But we’re including only no-load funds here, since this list is designed to help investors who are primarily doing their own fund-picking.
Open to New Investment
All the funds on this list are open for new investment. Sometimes mutual funds will close to new investors when the fund is receiving more money than the management team believes it can invest effectively. Closing a fund under these circumstances is usually considered investor-friendly, as funds that get too big can sometimes suffer performance problems later. Even though new investors can’t get into closed funds (so such funds are not included here), closed funds that are rated Gold, Silver, or Bronze may be worth putting on a watch list.
Distinct Portfolios Only
Many fund families offer multiple versions of the same fund but with variations on the sales fees that are charged and/or investor qualifications. Screening for “distinct portfolios only” removes all but one of these options to avoid having several share classes of the same offering cluttering the list. Morningstar normally designates the oldest share class as the distinct portfolio. In some cases, this share class may be for institutions (such as company retirement funds) or otherwise have a high investment minimum. In those cases, investors may want to consider an “investor” share class of the same fund, though the fund expenses may be higher for those share classes.