February may seem far off, but it's high time that mutual funds get up to speed on after-tax disclosure. While many firms have already taken steps to integrate after-tax performance calculations, especially those aiming to meet the Securities and Exchange Commission's October 15 deadline for compliant fund advertising, some heel-draggers have procrastinated through the summer.

"If people want to be prepared to release their numbers in February, they have to deal with it now," said Kirk Botula, COO of Confluence, a Pittsburgh-based technology firm that has begun offering after-tax performance along with its NAV calculation and distribution service.

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