When placing a mutual fund trade order, the 'Exchange from' mutual fund is the one you want to sell with the intention of using the proceeds to invest in a different fund in the same fund family. The next step is to choose a fund to buy (exchange into). Keep in mind that the 'exchange from' (the sell) is a taxable event for non-retirement accounts (Individual, Joint, and Custodial) and will be reported on your 1099 tax form.
Early Redemption Policy: To discourage short-term trading, ShareBuilder reserves the right to charge $49.95 on the redemption or exchange of shares of any no-load, no-transaction fee mutual fund that is held less than 90 days, except for money market funds. This charge is in addition to any applicable charges or expenses described in the fund's prospectus. Additionally, shares acquired through the reinvestment of capital gains distributions and dividends are not subject to this policy.
Investors should carefully consider information contained in the prospectus, including investment objectives, risks, charges and expenses. For a prospectus containing this and other important information, please visit the fund's detailed quote page, or contact a ShareBuilder Customer Service Associate. Please read the prospectus carefully before investing.