0001145549-21-005676.txt : 20210209 0001145549-21-005676.hdr.sgml : 20210209 20210209133734 ACCESSION NUMBER: 0001145549-21-005676 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201130 FILED AS OF DATE: 20210209 DATE AS OF CHANGE: 20210209 EFFECTIVENESS DATE: 20210209 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: 21605382 BUSINESS ADDRESS: STREET 1: 374 MILLBURN AVENUE, SUITE 306 CITY: MILLBURN STATE: NJ ZIP: 07041 BUSINESS PHONE: 305-677-7650 MAIL ADDRESS: STREET 1: 2020 EAST FINANCIAL WAY, SUITE 100 CITY: GLENDORA STATE: CA ZIP: 97141 0001661813 S000053207 GoodHaven Fund C000167357 GoodHaven Fund GOODX N-CEN 1 primary_doc.xml X0303 N-CEN LIVE 0001661813 XXXXXXXX false false false N-1A true GoodHaven Funds Trust 811-23127 0001661813 549300JL6LCGFECIGU59 374 Millburn Avenue Suite 306 Millburn 07041 US-NJ US 3056777650 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. N 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 Bernadette Murphy N/A 233 Wilmington West Chester Pike Suite 216 Chadds Ford 19317 XXXXXX 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 N 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)) Euroclear Bank S.A. / NV 549300OZ46BRLZ8Y6F65 BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Royal Bank of Canada ES7IP3U3RHIGC71XBU11 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas Securities Services (BNP) 549300WCGB70D06XZS54 IE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N J.P. MORGAN SECURITIES LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 8550.000000000000 HEIGHT SECURITIES, LLC 8-68277 000150659 2549004KW7K0PF1U4A79 2360.000000000000 NATIONAL FINANCIAL SERVICES LLC 8-26740 000013041 549300JRHF1MHHWUAW04 7542.150000000000 ROBOTTI SECURITIES, LLC 8-28886 000013251 2549002YOBTNZ00I4L93 6102.310000000000 MONNESS CRESPI HARDT & CO., INC. 8-21380 000007424 54930082M4TGAELJ8Y15 5442.000000000000 CANTOR FITZGERALD & CO. 8-20100 000000134 5493004J7H4GCPG6OB62 4590.090000000000 SIDOTI & COMPANY, LLC 8-52141 000102860 254900FHBEGNA4NAO961 2658.800000000000 CANACCORD GENUITY LLC 8-32710 000001020 WTX5X269IUOQ9YMI7R44 2436.000000000000 IMPERIAL CAPITAL, LLC 8-50397 000043744 549300I8X15KSI64Y307 2418.000000000000 D.A. DAVIDSON & CO. 8-23990 000000199 549300094RQ5A7DYLF51 2390.000000000000 48573.410000000000 NATIONAL FINANCIAL SERVICES LLC 8-26740 000013041 549300JRHF1MHHWUAW04 72142736.400000000000 IMPERIAL CAPITAL, LLC 8-50397 000043744 549300I8X15KSI64Y307 1685315.000000000000 73828051.400000000000 N 82088182.000000000000 N N true INTERNAL CONTROL RPT 2 goodhaven-ltr.htm GOODHAVEN AUDIT LETTER


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM




Shareholders and Board of Trustees
GoodHaven Funds Trust
Millburn, New Jersey


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, 2020, 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.

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.


Shareholders and Board of Trustees
GoodHaven Funds Trust
Page Two


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, 2020.

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 22, 2021