Heartland Advisors

Change Your Cost Basis Election

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.

How to Change Your Cost Basis Election

  1. Complete the cost basis election form (pdf)
  2. Mail to one of the following:


    U.S. Postal Service
    Heartland Funds
    P.O. Box 219942
    Kansas City, MO 64121-9942

    Overnight Service
    For the overnight mailing address,
    please call Investor Services at
    1-800-432-7856

Methods for Calculating Cost Basis

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)

 

Who to Contact with Questions

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.

Account Information

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Contact Us

©2024 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.

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