- What is an exchange?
- What types of exchanges can I make?
- How much can I exchange from a fund?
- Can I exchange to funds in other accounts?
What is an exchange?
An exchange is a convenient way to sell shares in a fund and use the money to buy shares in another fund that you own or in a new fund.
What types of exchanges can I make?
There are three types of exchanges you can make online.
- You can sell shares in one fund and reinvest the money in another fund.
- You can sell shares in one fund and reinvest the money in multiple funds.
- You can sell shares in multiple funds and reinvest the money in a single fund.
How much can I exchange from a fund?
You can exchange any amount up to your fund’s available balance. (The available balance does not include amounts from pending sales, exchanges or purchases.) However, you must maintain your fund’s minimum investment amount or exchange all shares.
The minimum investment amount for most of our funds is $250. The money market fund and state-specific tax-exempt funds require a minimum investment of $1,000.
Can I exchange to funds in other accounts?
Yes, if those accounts are registered under the same name and Social Security number (SSN) as the account you are exchanging from. For example:
|You can exchange:||
|You cannot exchange:||