1. 

   LMAO

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   i saw on tv a commercial for SPY. it said SPY is tax efficient. why/how?
   
   thank you

    

   #1     Sep 17, 2003

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2. 

   Lobster

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   Every time I see that commercial I ask myself the very same question.

    

   #2     Sep 17, 2003

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3. 

   ShoeshineBoy

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   This link explains the situation in significant detail:
   
   http://www.thestreet.com/funds/deardagen/1049339.html

    

   #3     Sep 17, 2003

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