Current Portfolio
Fund A: 3000 (investor shares)
Fund B: 3000 (investor shares)
Cash: 4000
Desired Portfolio
Fund C: 10000 (admiral shares only, no investor shares)
Questions:
Is there a way to exchange Fund A + Fund B + Cash for Fund C using online methods only?
Is there a way to exchange Fund A + Fund B + Cash for Fund C using telephone rep?
Is the only way to achieve Desired Portfolio to sell Fund A and Fund B on Day N, then purchase Fund C on Day N+1, thereby being out of the market for 1 day?
EDIT: Clarification added, Fund C has no investor shares. This is a simplified case study but is applicable to US Multifactor Fund (VFMFX) which only has Admiral Shares (50,000 minimum)
Last edited by brother7 on Wed Feb 21, 2018 11:05 pm, edited 1 time in total.
Thanks for the reply mhalley and livesoft. I edited the original post to indicate that Fund C has no investor shares, so the initial purchase has to be 10,000 minimum.
livesoft wrote: ↑Wed Feb 21, 2018 11:08 pm
Why don't you try it online right now? You can always Cancel before you Confirm.
When I get to "where's the money coming from?" I don't seem to be able to select a combination of currently-owned funds AND either the settlement fund or a bank account. So it seems to me that OP can't do Fund A/B AND cash. I seem to remember from a prior post long ago that a phone call is required for this, but that could be hearsay.