Cost basis is the price you paid to acquire shares, including any shares you acquire by reinvesting dividends and capital gains. When shares are sold, the gain or loss on your investment is the difference between the cost basis of the shares sold and the sales price.
By default, Heartland Funds calculates shareholders’ cost basis using the average cost method. This involves averaging the cost of all purchases made after January 1, 2012, and shares are redeemed in a first in, first out order.
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Heartland Funds
P.O. Box 219942
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Heartland Funds calculates shareholders’ cost basis using the average cost method, unless a client specifies otherwise.
Other costs basis options include:
|
Method |
Overview |
|
|---|---|---|
| Average cost | Averages the cost per share of each share owned | |
| First in, first out | The first shares purchased in an account are the first shares sold | |
| Last in, first out | The last shares purchased in an account are the first shares sold | |
| High cost, first out | The shares with the highest purchase price are the first shares sold | |
| Low cost, first out | The shares with the lowest purchase price are the first shares sold | |
| Loss gain utilization | Short-term (owned less than one year) covered shares yielding a loss are sold before long-term (owned more than one year) covered shares yielding a loss; once all covered shares with losses are sold, long-term covered shares yielding gains are sold before shares yielding a short-term gain | |
| Specific share class identification | Covered shares are sold in any order you specify; you may designate a secondary method to be used in the event specific shares have not been identified or designated shares are unavailable (secondary method options include first in, first out; last in, first out; low cost; high cost; or loss/gain utilization) |
Contact the Shareholder Services Team at 800-432-7856, or send an email. The Team is available 8 a.m. to 7 p.m. CT, Monday to Friday.
©2025 Heartland Advisors | 790 N. Water Street, Suite 1200, Milwaukee, WI 53202 | Business Office: 414-347-7777 | Financial Professionals: 888-505-5180 | Individual Investors: 800-432-7856
The Heartland Funds are distributed by ALPS Distributors, Inc.
Neither Heartland nor any of its representatives may give legal or tax advice. For guidance on a specific situation, investors should consult their tax adviser or legal counsel.
