exchange privilege

Exchange privilege

A mutual fund shareholder's right to switch from one fund to another within one fund family, usually at no additional charge.

Exchange Privilege

The right of a shareholder in a mutual fund to sell his/her shares and buy shares in another mutual fund within the same fund family, generally with no additional load (or sales fee). Different mutual funds within a fund family have different investment goals and/or strategies. However, because the same company manages the whole group, individual investors may generally exercise the exchange privilege to move money from one fund to another without extra commissions or fees, or with only a nominal charge. The exchange privilege allows investors to be flexible in their own investment goals according to their particular needs at a given time.

exchange privilege

The right to exchange shares in one mutual fund for shares in another fund managed by the same firm. The rate at which shares are exchanged is determined by differences in relative values. There is usually a nominal charge for each transfer. This privilege is designed to allow investors to move their money among funds without incurring additional sales fees as their investment goals change. Also called conversion privilege.
References in periodicals archive ?
As an active trader and technical analysis convert, I believe that there is nothing more powerful than the income tax-free and commission-free daily exchange privilege in the VA platform.
Now that you are evaluated 100% disabled, you are entitled to a commissary and exchange privilege card.
In addition to SIGMA from the ARCH model and SHOCK from the Kalman filter autoregressive forecasting model, other independent variables include the Treasury Bill rate adjusted for the exchange privilege (TBILL), the BAA rate, a one-period lag of the log of the capital/asset ratio ([CAP.
Our funds have strict policies, set forth in their prospectuses, providing that the exchange privilege may not be used for market timing (defined as two round-trip exchanges -- an exchange from one fund to another and back again -- in any 12 month period) and that the exchange privilege may be terminated for shareholders that engage in market timing.
With Good Guys Extended Exchange Privilege, you can shop early for gifts that are guaranteed to please.
The exchange privilege will terminate immediately prior to the close of business on the Redemption Date.
Extend military commissary and exchange privileges to service-connected disabled veterans and their dependents.
Contract award: Tender for services vocational training for persons registered in the PUP in Czestochowa: 1 SEP power exchange privileges up to 1 kV, together with the privileges of guard tour; 2 course warehouseman with support truck + 4-week practice for an employer in the dimension 25 hours per week; 3 course make-up and styling with the basics of entrepreneurship; 4 course hotel employee / receptionist module in English (basic or intermediate level - your choice) + 4-week practice for an employer in the dimension of 25 hours per week.
However, Soldiers involuntarily separated between 1 October 2007 and 31 December 2012 are entitled to commissary and exchange privileges for up to two years from the date of discharge.
On top of the reduced rates and bonus savings, hotels will offer extra values like resort credits, resort exchange privileges, kids stay free offers, golf discounts and more.
99 per person, based on double occupancy, and includes roundtrip, non-stop Apple-exclusive vacation flight from Chicago O'Hare to Puerto Vallarta, Mexico; all-inclusive accommodations at the resort; roundtrip airport/hotel transfers; Bears fans private welcome party and autograph session; special group activities and surprises with the Bears hosts; all meals, snacks and unlimited domestic and select imported drinks including in-room mini bar and liquor dispenser; free Wi-Fi in the lobby area; exchange privileges with neighboring Riu Vallarta and Riu Jalisco; and daily entertainment and non-motorized water sports.