Review and Complete

What share price will I receive?

You’ll receive the closing share price calculated on the date your exchange request is submitted and executed. (For example: If you submit your request before 4 p.m. Eastern time today (a regular business day), you’ll receive today’s closing share price. If you submit your request after 4 p.m. Eastern time, it will be processed on the next business day and you’ll receive that day’s closing share price.)

Will I owe taxes on the shares I’m selling?

If you sell shares for more than you originally paid, you may owe capital gains tax. If you sell shares for less than you originally paid, you may have to report a capital loss on your taxes.

Cost basis information is used to determine your capital gain or loss on a sale or exchange of shares. The cost basis of your mutual fund shares is typically the purchase price, including any sales charges you paid when you purchased your shares.

  • Covered shares are acquired on or after January 1, 2012. We report the cost basis for sales and exchanges of covered shares to you and the IRS.
  • Noncovered shares are acquired before January 1, 2012, and shares for which cost basis is unknown. We don’t report cost basis for sales or exchanges of noncovered shares to the IRS. However, when cost basis is available, we’ll provide Average Cost basis information to you.

You’re responsible for reporting capital gain or loss information for both covered and noncovered shares on Schedule D for IRS Form 1040.

Before making an exchange, you may want to discuss the tax implications with your tax or financial professional.


Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.