Mutual-fund investors got to express their gratitude on Thanksgiving. Many of them won’t feel so appreciative between now and year end. This tax year is shaping up as one of the worst on record for investors with mutual funds outside of retirement accounts. That’s despite muted returns for many funds and stocks generally—the S&P 500 is up 4.2% through Nov. 29, including dividends.

Source: Wall Street Journal November 30, 2018 17:03 UTC