VG Short-Term Inv-Grade - Convert to Admiral

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
RMO87
Posts: 106
Joined: Fri Jan 18, 2008 9:11 am
Location: Kansas City, MO

VG Short-Term Inv-Grade - Convert to Admiral

Postby RMO87 » Sat Feb 09, 2013 1:05 pm

I have five figures in VFSTX (investor shares) within my six figure traditional IRA. I was thinking that I would qualify to convert these shares to admiral (VFSUX). However, I do not see this option on the Vanguard website. Could someone please confirm the qualifications?

Thanks,
Ryan

stlutz
Posts: 2606
Joined: Fri Jan 02, 2009 1:08 am

Re: VG Short-Term Inv-Grade - Convert to Admiral

Postby stlutz » Sat Feb 09, 2013 1:18 pm

It's $10K for index funds and $50K for active funds like STIG.

User avatar
Dale_G
Posts: 2468
Joined: Tue Feb 20, 2007 5:43 pm
Location: central Florida - on the grown up side of 78

Re: VG Short-Term Inv-Grade - Convert to Admiral

Postby Dale_G » Sat Feb 09, 2013 1:20 pm

Just do an exchange of all shares from your present Investor share fund to "a new fund" Short-Term Inv-Grade Admiral fund. Oops - I read six figures in investor shares, the exchange is only possible if you have $50,000 in investor class shares.

Dale

Edited to reflect 50K required
Last edited by Dale_G on Sat Feb 09, 2013 1:24 pm, edited 1 time in total.
Volatility is my friend

hlfo718
Posts: 666
Joined: Wed Dec 01, 2010 9:17 am
Location: NYC

Re: VG Short-Term Inv-Grade - Convert to Admiral

Postby hlfo718 » Sat Feb 09, 2013 1:20 pm

You need a min of 50k in the find to qualify. You can't combine from diff accounts to meet the qualification. Once you qualify to convert, you will see something like qualified to convert to admiral shares message on your holdings page.

stlutz
Posts: 2606
Joined: Fri Jan 02, 2009 1:08 am

Re: VG Short-Term Inv-Grade - Convert to Admiral

Postby stlutz » Sat Feb 09, 2013 1:22 pm

Just do an exchange of all shares from your present Investor share fund to "a new fund" Short-Term Inv-Grade Admiral fund.


Just for others who might read this, do *not* do this in a taxable account. An exchange is a taxable event. A conversion to Admiral shares is not a taxable event.

RMO87
Posts: 106
Joined: Fri Jan 18, 2008 9:11 am
Location: Kansas City, MO

Re: VG Short-Term Inv-Grade - Convert to Admiral

Postby RMO87 » Sun Feb 10, 2013 8:33 am

Thanks everyone!


Return to “Investing - Help with Personal Investments”

Who is online

Users browsing this forum: Brucie, bruin949, Jerry55, John3754, Lafder, sawhorse, Spec1, TooLateSmart, Wagnerjb and 75 guests