Can I sell part of the shares from one fund and purchase shares from another fund in a single fund family?
A. Yes. When you exchange shares within the same fund family, it is considered a “free exchange.” In order to do this, you simply place an order to exchange either a dollar amount or number of shares from one fund into another. Some fund families may have restrictions on how many exchanges are performed per year, which should be outlined in the fund company’s prospectus.
