Amanda Kish

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243 appearances 2 recordings 1 series first heard May 2026 last heard 1 Aug

Amanda Kish’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Aug 2026 with 1.

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Motley Fool Hidden Gems Investing · How to Analyze Funds, and You May Retire Sooner Than Planned · 2 May 2026 podcast

This is the percentage of funds holdings that are replaced each year.

So a turnover rate of, say, 10% to 20% is fairly low.

On the other end, 100% means the fund is essentially replacing its entire portfolio every year.

And that higher turnover oftentimes means higher trading cost embedded in the fund.

And again, that's separate from the expense ratio.

And it also means the fund is likely generating more taxable events.

And the second thing to check is Morningstar's tax cost ratio.

And this is going to be the more precise tool.

So what this measure does is estimates how much of a fund's return was lost to taxes each year.

So a tax cost ratio of 1.5%.

It means that if the fund returned 8% pre-tax, investors in a taxable account might have netted closer to 6.5% after taxes, and those aren't trivial numbers.

So for taxable accounts, also index funds, ETFs tend to be more tax efficient than actively managed funds because of lower turnover.

And also important to note that ETFs have a structural advantage called in-kind creation or redemption that allows them to avoid realizing capital gains internally.

So that's an important note that if you are building a taxable account, this is a structural advantage that is a meaningful reason to lean toward ETFs when building that portfolio.

So I'll leave listeners with a one item on their fun to-do list.

Start with what you already own.

So if you have just a few minutes, pull up your 401k or your brokerage account, find each fund and look it up on Morningstar.

It's free to use for basic data.

And just check three things.

Check the expense ratio, the category ranking for five and 10 year performance, and the top 10 holdings.

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