How to Reduce Mutual Fund Expenses Through Share Class Exchanges

Episode 30

In this episode, we walk through how to do a process called a share class exchange to change from an expensive share class of a mutual fund to a less expensive one.  When done correctly, such exchanges can often be tax-free.  However, there are areas to watch out for and those are discussed as well.  

If you have a large position in a legacy mutual fund in an expensive share class, and hefty capital gains that prevent you from selling it, a share class exchange could be a way for you to reduce your fund expenses while retaining the holding.

 

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