Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Can I do a class conversion from PRWCX into TRAIX at Schwab?

edited November 17 in Fund Discussions
Last year I was able to swap PRWCX into TRAIX at Fidelity. Fidelity is not allowing this any more. Does anyone know whether Schwab assists clients holding the retail class of T Rowe Price Capital Appreciation Fund PRWCX into the institutional class shares TRAIX to get the lower expense ratio? And if so, what is the minimum $ value required for the class conversion?

Comments

  • rforno,
    Thank you for providing information from T Rowe Price, but I don't see any mention of Schwab or whether they allow a class exchange or not. Thanks again.
  • Call Schwab and ask if they can do this as tax-free exchange. If the Rep or broker-trainee doesn't know about this, ask for a senior personnel. Do it only if they say it can be done. It is easier for them to just do 2 trades, sell PRWCX, buy TRAIX, both commission-free to you, but that can be very costly to you tax-wise.

    It can be done at Price, if you have a/c there.
  • Moving from Investor shares to Admiral shares at Vanguard is not considered a taxable event. The total value of the account is converted to the new Admiral share’s NAV. Nothing was sold and bought. I wonder if that can only be done at TRP.
  • Any new data points on this?
Sign In or Register to comment.