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You may sell (redeem) shares of your mutual fund securely online1, and direct the proceeds from the sale to the following (if on file for your account and eligible2):
The maximum online redemption is $25,000-please call 1-800-345-2021 if you wish to redeem a larger amount.
1 Online redemptions are not available for IRA Beneficiary, CESA accounts or workplace plans—please contact us to redeem.
2 Bank accounts and/or mailing addresses will not appear if subject to a 7 calendar day hold.
A redemption is a sale of shares or a liquidation from an account, in which the money is directed to your bank account or by check to the address of record. An exchange from one mutual fund to another mutual fund is also considered a redemption.
If you intend to keep the account open, the remaining account balance must meet the fund's minimum initial investment requirements. Otherwise, the account may fall in the low balance liquidation cycle.