35% estimated increase after taxes and fees with Evergreen2
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This interactive tool is for illustrative purposes only, does not predict or guarantee future performance, results may vary based on individual circumstances and market conditions, and actual results will depend on multiple factors not included here. The tool assumes an annual comparison of similar large-cap equity holdings and pre-tax returns across portfolio comparisons, and incorporates user-selected inputs such as income, tax status, state of residence, and advisory firm, as well as other assumptions viewable and changeable by clicking "Open Full Calculator". The comparison includes an Evergreen-managed portfolio of S&P 500 stocks versus a diversified large-cap fund that could be offered by another advisor. Example fund expense ratios include MUOAX (1.10%) for Morgan Stanley, OGEAX (0.45%) for JP Morgan, GSLC (0.09%) for Goldman Sachs, and SPY (0.09%) for Merrill Lynch, Wells Fargo, and UBS. Annual advisory fee assumptions are based on ADV filings as of 06/01/2025: other firms range from 1.50%–2.50%; Evergreen's annual fees range up to 0.96%. The potential after-tax benefit from tax-loss harvesting (TLH) is assumed at 1% per year, a conservative midpoint based on historical academic research. For tax alpha details, see here. Ultimately, the tool applies applicable long-term capital gains tax rates, subtracts advisory fees, and adds estimated TLH to calculate an annual after-tax, after-fee return. This tool does not constitute personalized tax, legal, or investment advice. Please consult a qualified tax advisor for guidance specific to your circumstances.