Tax Adjusted Ranking

The tax-adjusted ranking relates the risk-adjusted and tax-adjusted performance of a fund to that of its peers over a 3, 5, and 10 year period. For each time period, if a fund scores in the top 10% of its peer group, it receives a ranking of 5 (high); if it falls in the next 22.5%, it receives a fund ranking of 4 (Above Average) ; a place in the middle 35% earns a fund ranking of 3 (Average); those in the next 22.5% receive a ranking of 2 (below average); and the lowest 10% get a tax-adjusted ranking of 1 (Low).The tax-adjusted rankings are calculated for mutual funds in each category defined by the Canadian Investment Funds Standard committee (CIFSC).

You can compare a fund’s tax-adjusted ranking to its Morningstar Rating to determine if its risk-adjusted performance has been any better or worse on a tax-adjusted basis than on a pre-tax basis relative to its peers.