Phone switching

Phone switching

Transferring money between funds in the same mutual fund family by telephone request. There may be a charge associated with these transfers. Phone switching is also possible among different fund families if the funds are held in street name by a participating broker/dealer.

Phone Switching

The act of transferring one's investment from one fund to another in the same fund family over the telephone. While one can usually switch between these funds without penalty or fee, there may be a charge associated with using the telephone to do so.
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