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Morningstar, Inc. Commentaries


Are Some Investors in for a Tax Surprise?

Apr 4, 2014
Click here to access Are Some Investors in for a Tax Surprise?

As investors finish their taxes for 2013, many will reflect on their decisions for the year and vow to make more tax-efficient choices in 2014. For closed-end fund investors, this is rarely straightforward. CEFs are more complicated than many other investment vehicles, and their taxable implications aren't always clear. Their distributions often contain several components such as net investment income, realized short-term capital gains, realized long-term capital gains, return of capital, and pass-through return of capital. Keeping all this straight might be difficult but is instrumental in making tax-efficient investment decisions. 



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Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individuals, financial advisors, and institutions.

Morningstar provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services and has approximately $195 billion in assets under advisement or management as of Sept. 30, 2012. We have operations in 27 countries.

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