Noncovered Securities

[shand220]

Morgan Stanley reported "noncovered securities (SPDR GOLD TR GOLD SHS) with undetermined holding period. The proceeds amount is the sales price paid by the Trust to pay investments expenses." I can't find date acquired and cost data. How do I treat these?

[Mike9241 · Accepted solution]

fractional shares are sold to pay for investment expenses. keep it simple use cost = sales proceeds and date acquired and sold the same. 

[shand220]

Thank you and that makes sense as there a note in the brokerage statement the transactions cover the fund's expenses.