What are covered and non-covered shares?

  • Covered shares are shares purchased on or after January 1, 2012. Tax Form 1099-B will provide cost basis information for covered shares to both the shareholder and the IRS.
  • Non-covered shares are shares purchased by a shareholder on or before December 31, 2011. Non-covered shares will continue to be reported as they have in the past – only the gross proceeds will be reported to the IRS.
  Covered Non-Covered
Purchase date: On or after 01/01/2012 On or before 12/31/2011
Form 1099-B reporting — shareholder Cost basis information
will be provided
If available, cost basis
information will be provided.
Form 1099-B reporting — IRS Cost basis information
will be provided.
No cost basis information will be provided.
(Only the gross redemption amount will be
reflected on Form 1099-B).

Net Asset Value
as of 10/21/2016

Global Resources Fund PSPFX $5.66 No Change Gold and Precious Metals Fund USERX $8.82 -0.07 World Precious Minerals Fund UNWPX $8.29 -0.02 China Region Fund USCOX $7.97 0.01 Emerging Europe Fund EUROX $5.55 No Change All American Equity Fund GBTFX $22.84 -0.04 Holmes Macro Trends Fund MEGAX $18.60 No Change Near-Term Tax Free Fund NEARX $2.24 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.01 No Change