According to Checklist 15.1, tax efficiency is a key area to research when choosing a mutual fund.

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According to Checklist 15.1, tax efficiency is a key area to research when choos­ing a mutual fund. Look up five different large-cap, growth mutual funds at finance.yahoo.com/funds. There is no www in front of this Web address and www.morningstar.com, or the fund's Web site and make note of the portfolio turnover rate, the performance, and the tax efficiency of each fund. According to your research, does there seem to be any correlation between either the turnover rate or the performance of the fund and its tax efficiency?

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