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 05/27/2016

Global Resources Fund PSPFX $5.07 -0.01 Gold and Precious Metals Fund USERX $7.67 -0.23 World Precious Minerals Fund UNWPX $6.42 -0.14 China Region Fund USCOX $6.91 0.08 Emerging Europe Fund EUROX $5.58 -0.01 All American Equity Fund GBTFX $23.67 0.06 Holmes Macro Trends Fund MEGAX $18.01 0.12 Near-Term Tax Free Fund NEARX $2.25 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 -0.01