Distributions Formatted for 1099 Forms

Tax Year Ended 12/31/16
1099 Reference Characteristic of Distributon Equity Fund Institutional Share Class Equity Fund Investor Share Class International Fund Institutional Share Class International Fund Investor Share Class Smaller Companies Fund Alternative Strategies Fund Institutional Share Class Alternative Strategies Fund Investor Share Class
  Total Distribution $0.999324 $0.954462 $0.612602 $0.546971 n/a $0.294442 $0.263794
Box 1a Income Dividends $0.141809 $0.096947 $0.612602 $0.546971 $0.066702 $0.059759
Box 1a Short Term Capital Gain $ - $ - $ - $ - $ - $ -
Box 1a Foreign Tax Paid $ - $ - $0.049314 $0.049314   $ - $ -
Box 1a Total Ordinary Income $0.141809 $0.096947 $0.661916 $0.596285   $0.066702 $0.059759
Box 1b Qualified Income Dividend $0.141809 $0.096947 $0.612602 $0.546971 $0.066702 $0.059759
Box 1b Qualified Short Term Capital Gain $ - $ - $ - $ - $ - $ -
Box 1b Qualified Foreign Tax Paid  $ - $ - $0.049314 $0.049314   $ - $ -
Box 1b Total Qualified Dividends $0.141809 $0.096947 $0.661916 $0.596285   $0.066702 $0.059759
Box 2a Long Term Capital Gain $0.857515 $0.857515 $ - $ - $ - $ -
Box 6 Credit for Foreign Tax Paid $ - $ - $0.049314 $0.049314 $ - $ -
  Percent of Income from Foreign Sources     93.26% 93.26%      
  Percent of Income from US Government Obligations           13.81% 13.81%

 

Income from Foreign Sources Subject to Foreign Tax Credit: 

For the year ended December 31, 2016, the Litman Gregory Masters International Fund earned foreign source income and paid foreign taxes which they intend to pass through to their shareholders pursuant to Section 853 of the Internal Revenue Code.

See above to determine the shareholder's portion of foreign taxes paid (box 6) and amount of foreign source gross income.

Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and it is not exhaustive. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation. Neither the Funds nor any of its representatives may give legal or tax advice.

Litman Gregory Fund Advisors, LLC has ultimate responsibility for the performance of the Litman Gregory Masters Funds due to its responsibility to oversee the funds’ investment managers and recommend their hiring, termination and replacement.