It’s common for actively managed funds to have great before-tax returns and not-so-great after-tax returns, due to the trading that goes on in actively managing the funds. For that reason, we recommend keeping any actively managed funds in tax-deferred or tax-free accounts, such as 401( k) s, SEPs, Keoghs, or Roth IRAs.2512 ↱
The Bogleheads' Guide to Investing
Taylor Larimore, Mel Lindauer, Michael LeBoeuf