Derek Horstmeyer, professor of finance and co-founder and director of the George Mason University Student Managed Investment Fund, says, “Investors whose top concern is minimizing taxes often turn to 'tax managed'—or 'tax efficient'—mutual funds. But the returns they get may not be worth the tax savings." http://ow.ly/z10u50D8I7p
We crunched the numbers. The upshot: The returns may not be worth the tax savings.