Rebalancing your account
Your portfolio’s asset mix may change over time as your investments grow at different rates. Rebalancing the asset mix to your desired allocation periodically can help keep your portfolio better aligned with your investment goals.
Ways to rebalance
On the web
Select Rebalance to make a one-time exchange or to establish an automatic rebalancing plan.
You can rebalance your account by calling Shareholder Services. Get the phone number and service hours.
You can request to rebalance your account by sending a letter of instruction that can be:
- Uploaded to our website
- Sent via fax to (888) 421-4351
- Sent via mail to the service center in your region
Through your financial professional
Your financial professional can rebalance your account for you and set up your account with free automatic rebalancing.
For details on rebalancing using any of these options, see Options for Managing Your Account.
Important rebalancing information
- Rebalancing is allowed only within the same share class.
- Rebalancing is available among each of the following share classes: F-1, F-2, F-3, A, C, 529-F-1, 529-A, 529-C, 529-E.
- A sales charge will apply for exchanges from money market fund Class A shares if the shares exchanged were not already subject to a sales charge.
- The minimum initial investment is $250 for most funds. The money market fund and state-specific tax-exempt funds require a minimum initial investment of $1,000.
- To establish an automatic rebalancing plan, the receiving fund’s minimum initial investment must be met.
- For tax purposes, rebalancing is considered a sale and purchase unless it’s within a retirement plan. The sale and purchase are processed simultaneously at the share price determined after the exchange order is received.
- Changes to your account, such as adding a new fund or redeeming an existing fund, may necessitate a modification to your target allocations for rebalancing. Please consult with your financial professional or call us at (800) 421-4225, ext. 3.
- Rebalancing requests submitted after the close of the New York Stock Exchange® (NYSE) on a business day will be processed the next business day.
- You must request a change of 5% or more for at least one fund in the account for the rebalancing transaction to occur.
- The rebalancing privilege can be terminated or changed at any time upon 60 days’ notice.
It’s always a good idea to work with your financial professional when making decisions about your investments and account transactions. He or she can offer advice and ensure your decisions fit your long-term financial goals.