0001145549-19-003088.txt : 20190212 0001145549-19-003088.hdr.sgml : 20190212 20190212131542 ACCESSION NUMBER: 0001145549-19-003088 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181130 FILED AS OF DATE: 20190212 DATE AS OF CHANGE: 20190212 EFFECTIVENESS DATE: 20190212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GoodHaven Funds Trust CENTRAL INDEX KEY: 0001661813 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23127 FILM NUMBER: 19589527 BUSINESS ADDRESS: STREET 1: 4940 S.W. 83RD STREET CITY: MIAMI STATE: FL ZIP: 33143 BUSINESS PHONE: 626-914-7363 MAIL ADDRESS: STREET 1: 2020 EAST FINANCIAL WAY, SUITE 100 CITY: GLENDORA STATE: CA ZIP: 97141 N-CEN 1 primary_doc.xml X0101 N-CEN LIVE 0001661813 XXXXXXXX true false false N-1A true GoodHaven Funds Trust 811-23127 0001661813 549300JL6LCGFECIGU59 4940 SW 83rd Street Miami 33143 US-FL US 626-914-7363 U.S. Bancorp Fund Services LLC 615 East Michigan Street Milwaukee 53202 18336121912 Maintain physical/electronic accounts/books or any document required by section 31(a) of the Act (15 U.S.C. 80a-30(a)) and the rules under that section. Y N N N-1A 1 Y Richard A. Conn 005128887 N Bruce A. Eatroff N/A N Steven H. Tishman 001830274 N Larry Pitkowsky N/A Y Keith Trauner N/A Y Sarah Gillespie N/A 4940 SW 83rd Street Miami 33143 XXXXXX N N N N N N N Quasar Distributors LLC 8-52323 000103848 N/A N N Tait, Weller & Baker LLP 00445 N/A N N N N N N N GoodHaven Fund S000053207 549300JL6LCGFECIGU59 Y 1 0 0 N/A Y N N N N/A N/A N/A N/A N N N N GoodHaven Capital Management LLC 801-72093 000156032 N/A N U.S. Bancorp Fund Services LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N N U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Euroclear Bank S.A. / NV 549300OZ46BRLZ8Y6F65 BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N NATIONAL FINANCIAL SERVICES LLC 8-26740 000013041 549300JRHF1MHHWUAW04 26135.000000000000 JEFFERIES LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 2292.000000000000 CANTOR FITZGERALD & CO. 8-201 000000134 5493004J7H4GCPG6OB62 16291.000000000000 MONNESS CRESPI HARDT & CO., INC. 8-21380 000007424 N/A 12495.000000000000 ROBOTTI SECURITIES, LLC 8-28886 000013251 2549002YOBTNZ00I4L93 10413.000000000000 JONESTRADING INSTITUTIONAL SERVICES LLC 8-26089 000006888 2138008JJ5PA8H5UIL69 10048.000000000000 IMPERIAL CAPITAL, LLC 8-50397 000043744 549300I8X15KSI64Y307 9979.000000000000 J.P. MORGAN SECURITIES LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 8593.000000000000 COWEN EXECUTION SERVICES LLC 8-46838 000035693 5493005RJDJD18OPUP27 7402.000000000000 GMP SECURITIES, LLC 8-49291 000041025 549300QXVHD3G589TO05 5200.000000000000 112502.000000000000 NATIONAL FINANCIAL SERVICES LLC 8-26740 000013041 549300JRHF1MHHWUAW04 53562261.000000000000 J.P. MORGAN SECURITIES LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 3982597.000000000000 SEAPORT GLOBAL SECURITIES LLC 8-53535 000116270 54930028D6D0G5RZJ888 260696.000000000000 57805554.000000000000 N 146548477.000000000000 N N true INTERNAL CONTROL RPT 2 internalcontrolrpt.htm

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Shareholders and Board of Trustees

GoodHaven Funds Trust

Miami, Florida

In planning and performing our audit of the financial statements of GoodHaven Fund, a series of shares of GoodHaven Funds Trust (the “Fund”) as of and for the year ended November 30, 2018, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered their internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be significant deficiencies or material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls for safeguarding securities, which we consider to be material weaknesses, as defined above, as of November 30, 2018.

This report is intended solely for the information and use of management, Shareholders and Board of Trustee of GoodHaven Funds Trust and the Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties.

/s/ TAIT, WELLER & BAKER LLP

Philadelphia, Pennsylvania

January 24, 2019