Mutual Fund Exchanges

The `Exchange from' Section

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, Capital One Investing℠ 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 Capital One Investing Customer Service Associate. Please read the prospectus carefully before investing.

The `Exchange into' Section

If you're ready to sell (exchange from) a mutual fund, you'll also need to pick a fund to buy (exchange into). If you've selected the mutual fund you want to sell (exchange from), then it's time to choose the fund you want to buy (exchange into). You can choose a fund you already own or select a new fund.

If you're buying a mutual fund you don't currently own in this exchange, the 'Exchange from' must meet the initial minimum investment amount.

Once you've selected the 'Exchange into' fund, click Next and verify the order details. If you're buying a new fund, you'll need to read the fund's prospectus and choose if you want to reinvest cash dividends and capital gains distributions or have them paid out in cash.