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Can I do a class conversion from PRWCX into TRAIX at Schwab?
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?
Doesn't look like it's available to retail folks at Schwab, even with the 500K minimum: https://www.troweprice.com/financial-intermediary/us/en/investments/mutual-funds/us-products/capital-appreciation-fund/i-class.html
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.
It can be done at Price, if you have a/c there.