The tax efficiency to the donor is the same either way.

The biggest lure of Holdrs, however, may be tax efficiency.

The fund has a moderate, 30 percent turnover ratio, but that is not the key to its tax efficiency.

A. Clearly the Doctor is focused on tax efficiency.

Portfolio turnover is often used as a rough estimate of a fund's tax efficiency.

Considering their low expenses, historical performance and tax efficiency, index funds continue to be the best way to ride the market wave.

They conducted their own study and concluded that the issue of tax efficiency has been overblown.

But he noted that very few index funds matched Vanguard's low costs or tax efficiency.

The April issue rates the tax efficiency of Fidelity funds.

A little tax efficiency, however, could have gone a long way in 2000.