A feature offered by some mutual fund families in which an investor is able...
A privilege that allows a fund shareholder to exchange shares of one fund for the shares of another in a family of funds without incurring an additional sales charge. Such an exchange may be a taxable event.
Also known as conversion privilege, it allows you to transfer investments from one fund to another. Some brokers and fund families charge for these transactions.
Right to exchange shares of one open-end fund for shares of another within the same family of funds, avoiding new sales charges.
A mutual fund shareholder's right to switch from one fund to another within one fund family, usually at no additional charge.
A fund option that allows shareholders to transfer investments between funds within the same fund family.
A feature offered by a mutual fund in which a shareholder is able to move money between various funds at a very minimal processing charge and without a commission.
A mutual fund shareholder's right to switch from one fund to another within the same fund family.
A shareholder service that allows shareholders to move their assets from one fund to another fund within the same mutual fund family, usually without any additional sales charge or fees. Fund groups vary in the specific parameters detailing when or how many times an investor may use the exchange privileges.
The right to transfer investments from one fund into another, generally within the same fund group, at nominal cost.
A mutual fund feature that allows a shareholder to convert from one fund to another fund within the same mutual fund family. For example, in a bull market an investor placed their money in an aggressive growth fund. If they expected the market to take a downturn, an exchange privilege would allow them to move the money to a conservative fund such as a money market. Mutual funds do not usually charge when an investor takes advantage of an exchange privilege. However, some funds do have specific parameters as to when or how many times an investor may use the exchange privileges. See: Mutual Fund "Family"
The ability to exchange shares of one mutual fund for another. An exchange is viewed as a sale of one fund to make a purchase of another, and can trigger a taxable event.
In mutual funds, the ability to transfer money from one fund to another within the same fund family. Exclusions Specified hazards listed in a policy for which benefits will not be paid. Expiry The termination of a term life insurance policy at the end of its period of coverage.
The right of an investor to transfer to another mutual fund under the same management without incurring any additional sales charge. The exchange is considered a sale and repurchase under the tax code (ie a gain or loss is realized).
The ability to transfer money from one mutual fund to another within the same fund family. face value: The total value of an investment or insurance policy, usually stated on the "face" of the document.
The shareholder's ability to move money from one mutual fund to another within the same fund family, often without additional charge.
The option of enabling mutual fund shareholders to transfer their investment from one fund to another within the same fund family.
A fund option enabling shareholders to transfer their investments from one fund to another within the same fund family as their needs or objectives change. Typically, fund companies allow exchanges several times a year for a low or no fee.