Subject: Re: BlackRock's Defined-Maturity TIPS ETFs
To add a slight wrinkle to the general MF vs ETF discussion, many Vanguard mutual funds use a Vanguard patented(!) process to avoid capital gains in their MFs, making them as tax efficient as the corresponding ETF. The patent ran out in 2023, so other mutual funds might start doing the same thing, although eventually I'd expect regulators to take note.

Brian