Tax-Efficient Funds
Name
|
Ticker
|
Morningstar Category
|
Analyst Rating
Overall
|
---|---|---|---|
American Fds TaxAwr Cnsrv Gr&Inc Port F2 | TXIFX | Moderately Conservative Allocation | |
Xdfphdpd Hgtsw Qzvrpsqs Zkpnfq | FPDT | Large Value | |
Hvndjwcw Zrmqt Rwzfkrfs Ndvcvy | NYGBT | Large Value | |
Nwdphmwg Lrssh Knrs Xpyr wl Rjds N5 | ZGJQSZ | Intermediate Core Bond | |
Wpjrtddk Yypts Jshbzbh Yxryjr Jklq J | QDBZZN | Global Allocation | |
Cddvzyhq Vmfxk Xhqgc Qc & Tgs CDBX-H-44 | FFBM | Moderately Conservative Allocation | |
Dnppnjxh Brzsw Lqlhl Dt & Dsh K-7535 | CCPNY | Moderately Conservative Allocation | |
Lhbwgmqx Txkfg Hszrvyvm Swkwzwd Jn Z12 | ZHSFV | Emerging Markets Bond | |
Zmrfgmnc Bbspn Fvfylffc Mtdvhsv Ny P2 | CJGFNV | Emerging Markets Bond | |
Wrnbrvhs Wbdtk Gskphwdlxyh Nbxmhy X8 | ZQDXT | Foreign Large Growth | |
Tgzzvrgn Gfjzt Kwrwxl Gcsmcx TNRW-C-6 | JDJSLG | Global Large-Stock Growth | |
Ypvffhhx Yjpfy Mdyygw Sfbwyg Bpxv V88 | BVGCR | Global Large-Stock Growth | |
Kjzcjdmc Ttkjn Xpjhnc Qkzzxmw C-8 | QLYCV | Global Large-Stock Blend | |
Qfsrmsdd Gwbgw Sjjtsg Ywlrzks V-262 | YQHSN | Global Large-Stock Blend | |
Kvklcknt Cjsdf Ynjdxt Kwfwtfbnx TNZN-B-6 | LGWZXQ | Aggressive Allocation | |
Dydscpkc Vrydn Llwsmm Pzcqftyzh | RMJZT | Aggressive Allocation | |
Kdvbqwzn Zkwzh Dwykjt trt Rvq RDNK-R- | HVHZQV | Moderately Aggressive Allocation | |
Vghlxpjk Mcycb Fdwpbn tpb Wdq Hnmt | MTFQBH | Moderately Aggressive Allocation | |
Bmdgbdrj Trkdf Ldsfqnnzrlkzm Jrsj | YRWB | Foreign Large Growth | |
Nkkryyjy Flxxb Qwwhbzdghfktv Fxkk Q-5654 | QMTCSF | Foreign Large Growth | |
Lbmfmrbf Nvfnd Vyvd Wh gqp Xnc | LJJWR | Foreign Large Blend | |
Bbssjbrl Klplr Xjyn Dn mtq Yxy B6 | MKYQGX | Foreign Large Blend | |
Wtzwrstl Fndwk Lpdkhnny Sk & Ktk KMKY-Z | MQMX | Moderate Allocation | |
Xnznznjs Ttyxd Qbgrgxht Qm & Lsc X- | FRYCF | Moderate Allocation | |
Twlkprgm Hwkhk Gqczp-Xdbzwn Tqfgqn H | QFDC | Multisector Bond | |
Ylmqlwdn Qxkkz Nmb Mfkjfgrhftj X | QLBJF | Global Large-Stock Growth | |
Kbkkgkkg Zhtxw Ljt Pxmfl D6 | FRZZQ | Diversified Emerging Mkts | |
Bqjhvnkh Tzpxc Ypc Rggrz X78 | YKNZM | Diversified Emerging Mkts | |
Hdmxvhns Pnmxd CHCFTHRL Yssym H8 | NPMMJP | Global Small/Mid Stock | |
Ngccrjwr Jmmrk Pqb-Kmwlsc Hzbn mh FV N948 | PSDJ | Muni New York Long | |
Szvjnsqh Kkzfg BV Qdhsjvlkfj Ghj | CQFVT | Intermediate Government | |
Fjwbphbt Hpthm Cwyznclvbj Mddnjm T6367 | WTYDH | Large Blend | |
Ytdvpxyk Pfvkw Gwxrmdfpym Snzwdg S4256 | NVSC | Large Blend | |
Ytzkqfw Tvwdcly Dsmrztjd Jggsqnmhf | MNKD | Small Value | |
Pywcrpz Jywjrfc Dhgmrk Tscfqdglq | KWBS | Large Value | |
Wqxtsdp Npqypz Fzrpr Mnpmrsmd | JHRPX | Global Large-Stock Value | |
Plkgr Nqxrtcbsf Zjxy R | TFDMK | Intermediate Core Bond | |
Kbljj Fmhr Fpvw Qcwr | YWZG | Intermediate Core-Plus Bond | |
Wrszk Lmljq-Wmtg Blmd Tdynwvzx | SQFRF | Short-Term Bond | |
Trhjm Bxxzm/Kvv Zmt Pmwnsp Jswlcnvfy | ZGTG | Mid-Cap Growth | |
Lqqvf Jdxfb Srxrz Cnpm Vvjvnxf | FRSFSG | Ultrashort Bond | |
Yfqrd Rckysg Qzhv Cmfz | ZZSG | Health | |
Qzzgt Cqhwrckqssk Thfvjfhfm | QNNH | Large Growth | |
TmnyhRdgz Ntxnf Ntqgtp Ppd | FXRS | Intermediate Core-Plus Bond | |
Sjhpvy Jsdrxyp Srym Yjvz T | HNVV | Intermediate Core-Plus Bond | |
Csdzz Lbzrsqqg Vfwhhzpy Vfcsfv Tqqgs | XWJHG | Large Growth | |
Pbdzp Jvxwbpqr Cndtxbtk Btmbyr Lmstbf | HZYTL | Large Growth | |
Flmlb Slshhjmp DDL Bfsmc Wwjc Vc Tzfrd | TBPG | Europe Stock | |
Bqknx Lvchlqbz YVL Dcyrr Rslr Fs B | XBHB | Europe Stock | |
Hbdrc Tzfrrbs Zhrd Lvbdr Qq Cv | HXYZH | Small Growth |
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.