Statements and tax documents

Your account holds your statements, your signed documents and your annual tax reporting. Everything is available to download, and nothing is sent by post.

Statements

An account statement sets out your holdings, the distributions attributed to you and the movements over the period. It is generated from the fund books, which is the record that governs, rather than from the ledger.

• Your holdings by fund, with unit counts.
• Distributions for the period, and whether each was paid or reinvested.
• Subscriptions settled in the period.

Your tax reporting

The funds are structured as partnerships for US tax purposes, so investors receive a Schedule K-1 annually rather than a 1099. A K-1 reports your share of the fund income, deductions and credits, and you use it when preparing your own return.

Reinvested distributions are still taxable

Choosing to reinvest does not defer anything. Income allocated to you is reported on your K-1 whether you took it in cash or used it to buy more units. An investor who reinvests everything can therefore owe tax on income they never received as cash, which is worth planning for rather than discovering.

We cannot advise on your tax position

We can tell you what a document contains and where to find it. What it means for your return depends on your circumstances, your state and your other income, and we are not licensed to advise on any of that. Take your K-1 to your own accountant. If something on it looks wrong, tell us, because that is a question about the fund books and we can answer it. See getting help.