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TAXATION OF MUTUAL FUNDS
by Peter W. Johnson, Jr.
DescriptionHow it Works
Description. Mutual funds pass through tax liabilities as well as benefits. As a general rule, the fund shareholder has a taxable event whenever the fund does. There are three major taxable events for funds: (1) the receipt of interest; (2) the receipt of dividends; and (3) the realization of capital gains and losses. Funds receive interest and dividends from bonds and stocks that they own, just as an ...
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The shareholders of the Harris Insight Funds approved, effective May 18, 2006, the appointment of Phoenix Investment Counsel, Inc. (“PIC”), as the Adviser and Harris Investment Management, Inc. as the Sub-Adviser to each Fund other than the Bond Fund, High Yield Bond Fund, International Fund, and Emerging Markets Fund; the Vontobel Asset Management, Inc., as Sub-Adviser to the International Fund and Emerging Markets Fund; and Seneca Capital Management, LLC (an affiliate of PIC) as Sub ...
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Subject: misc.invest.mutual-funds Frequently Asked Questions (FAQ) [V2.37]
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Score Another One
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The bulls were proved wrong last quarter: They weren't bullish enough. The average diversified U.S. stock fund returned 11.91% as the bull market, already long-running by historical standards, went into overtime.
Lengthy Drought Plagues
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