Cost Basis

Beginning January 2012, the Internal Revenue Service cost basis reporting regulations will take effect for mutual fund accounts.
For more information, including how to calculate gains or losses on a redemption or exchange click here.

Tax forms, publications and instructions are available for download from the IRS Web site.

2011 Capital Gains

To view 2011 Capital Gains information visit the Growth Fund, Convertible Fund, Total Return Bond Fund and High Yield Fund pages.

Distributions

You'll need to know the character of your distributions to prepare your taxes. Income distributions are income you received as a result of a regular fund distribution paid from fund earnings. Capital gains distributions are paid to shareholders of a fund out of the capital gains from the sale of the holdings in the fund's portfolio. Qualified dividends are dividends that are taxed at a lower rate of 15%, or 5% for those in the 15% or lower tax bracket, rather than the higher marginal rates applicable to ordinary income.

Income you earn from your mutual funds and closed-end funds may be taxed by the IRS. These links will take you to information about income, capital gains and qualified dividends issued by your funds.