TY  - JOUR
AU  - Dickson,Joel M.
AU  - Shoven,John B.
TI  - Ranking Mutual Funds on an After-Tax Basis
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4393
PY  - 1993
Y2  - July 1993
UR  - http://www.nber.org/papers/w4393
L1  - http://www.nber.org/papers/w4393.pdf
N1  - Author contact info:
Joel M. Dickson

John B. Shoven
Department of Economics
579 Serra Mall at Galvez Street
Stanford, CA 94305-6015
Tel: 650/723-3273
Fax: 650/723-8611
E-Mail: shoven@stanford.edu
M2  - featured in NBER digest on 1993-11-01
AB  - This paper takes shareholder level taxes into account in determining the performance of growth and growth and income mutual funds over the 1963-1992 period. It ranks a sample of funds on a before and after-tax basis for investors in different income classes facing various investment horizons. The differences between the relative ranking of funds on a before and after-tax basis are dramatic. especially for middle and high income investors. For instance. one fund which ranks in the 19th percentile on a pre-tax basis ranks in the 61st percentile for an upper income. taxable investor.
ER  -