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MUTUAL FUNDS GIVETH AND TAKETH

One boon of the bull market, fat distributions to mutual-fund investors, has a downside: It's taxable income, even if reinvested. These 10 funds were way above the average 5.9% distribution rate for equity funds last year because they traded heavily, generating lots of capital gains. Despite all the activity, few came close, even before taxes, to equaling the S&P 500's 22.9% total return for 1996. Here is an extended, online-only version of the table that appears in the Feb. 24 issue. It includes three-year and five-year returns (before and after taxes) for the 10 mutual funds with the greatest distributions.

EDITED BY LARRY LIGHT



RELATED ITEMS

TABLE: Largest Mutual-Fund Distributions, 1996


Updated June 15, 1997 by bwwebmaster
Copyright 1997, Bloomberg L.P.
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