Tax Efficiency for CM Value I Composite
Tax Efficiency
for CM Value I Composite
|
Long
Term Capital Gains
(Securities held Longer than one year) |
Short
Term Capital Gains
( Securities held Less than one year) |
|
2007
|
97%
|
3%
|
2006
|
96%
|
4%
|
2005
|
90%
|
10%
|
2004
|
94%
|
6%
|
|
2003
|
73%
|
27%
|
|
2002
|
62%
|
38%
|
|
2001
|
75%
|
25%
|
|
2000
|
96%
|
4%
|
|
1999
|
97%
|
3%
|
|
1998
|
90%
|
10%
|
|
1997
|
100%
|
0%
|
|
1996
|
88%
|
12%
|
|
1995
|
82%
|
18%
|
|
1994
|
75%
|
25%
|
|
1993
|
85%
|
15%
|
|
1992
|
28%
|
72%
|
|
1991
|
63%
|
37%
|
|
1990
|
100%
|
0%
|
|
1989
|
87%
|
13%
|
|
1988
|
93%
|
7%
|
|
1987
|
94%
|
6%
|
|
1986
|
81%
|
19%
|
|
1985
|
84%
|
16%
|
|
1984
|
88%
|
12%
|
|
1983
|
81%
|
19%
|
|
1982
|
100%
|
0%
|
|
1981
|
80%
|
20%
|
|
1980
|
92%
|
8%
|
|
1979
|
72%
|
28%
|
|
1978
|
92%
|
8%
|
|
1977
|
100%
|
0%
|
|
Average
|
85%
|
15%
|
|
Median
|
88%
|
12%
|
Percentages
have been rounded.
Past
performance is no guarantee of future results.