Mutual Fund shareholders are not required to report country by country detail. The code "RIC" should be used when completing foreign country information on Form 1116. See Form 1116 instructions for additional information. I think various is what taxpayers used previously as the country. The Form 1116 instructions now say to use RIC for income passes through from a mutual fund or other regulated investment company (RIC) on a country by country basis.
Form 1116 instructions page 15:
You don't need to report income passed through from a mutual fund or other regulated investment company (RIC) on a country-by-country basis. Total all income, in the applicable category, passed through from the mutual fund or other RIC and enter the total in a single column in Part I. Enter “RIC” on line i. Total all foreign taxes passed through and enter the total on a single line in Part II for the applicable category. Because computations for inclusions under sections 951A and 965 are reported on separate forms, Form 8892, Global Intangible Low-Taxed income, and Form 965, Inclusion of Deferred Foreign Income Upon Transition to Participation Exemption System, you don’t need to report those inclusions on a country-by-country basis. For inclusions under section 965, in the applicable category, enter the total in a single column in Part l. Enter “965” on line i. For inclusions under section 951A, enter the total inclusion in a single column in Part l. Enter “951A” on line i.
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