How do I record a fund name change, keeping the cost basis?

Jan 01, 2013 1 Replies
G

I had bought Yacktman fund at one point. Then in the history of my investments, it showed my downloaded transactions to include a sale of all my shares of Yacktman and purchase of an equal number of shares of a fund named YACKTMAN FUND SERVICE CLASS. There was no commission. The comment in the two transaction was "Name Change". But I lost my cost basis, which is now at zero.



How do I either (1) replace the sell/buy transactions with something that preserves the cost basis, or (2) manually get the correct cost basis into Quicken?



Thanks in advance for any help you can give.


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P

My personal view - is to just keep the orig funds and manually change the name or symbol. To me - it's important to see how things grow/decline as an investment from the onset, and not from the date of aquisition.... thus keeping the orig cost basis.

When the download screws this up - I usually delete the offending transactions.... and...

1 - just change the name/symbol if that is all that has changed 2 - do a math split/convert of the shares to reflect any price per share changes.
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