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The higher the tax grade, the better.
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The tax efficiency grade, a new feature this year, is important if you hold funds in a taxable account.
Tax efficiency: grade that indicates how much of the fund's pretax return over the past five years would have been kept by a taxable, upper-middle-income customer who intends to hold indefinitely.
The fund has a Forbes tax-efficiency grade of five.
In the meantime, Forbes evaluates more than 1,200 funds for tax efficiency; grades are included in the mutual-fund tear sheets on this Web site.
The fund has a Forbes tax-efficiency grade of four on a scale of one to five, with five being the worst.
Note: In this story and in the tax efficiency grades that we assign at www.forbes.com/funds, we assume a hypothetical investor in the highest federal bracket but allow nothing for state taxes.
The recession, and the way passenger taxes are graded by distance and standard of travel, have favoured their short-haul, no-frills model.
Forbes tax-efficiency grades give you a good measuring stick of how much you will actually get to pocket after taxes.
The tax is currently graded into six bands and represents a percentage of a property's purchase price.
I also see the growing disparity in wage and income levels as having serious potential social effects that can best be counteracted by a more steeply graded tax structure.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com