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Mutual fund "fully called"??
Old 11-02-2007, 07:53 AM   #1
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Mutual fund "fully called"??

Apparently I am not moving my money out of high cost investments fast enough. I recently rolled over our IRAs to Vanguard and TRowe, and was planning to move our taxable accounts after the new year to delay taxes on gains, and because I expect to be in a lower tax bracket next year.

Last week I received notice from Suntrust that one of my funds was fully called, so my shares were sold and the money moved to my MM account. Now I have about 10k in unplanned gains, which is a lot for us, especially since we have no losers to offset it. Is this a common practice? I haven't heard of this before.

Thanks - Brenda
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Old 11-02-2007, 10:26 AM   #2
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Wow... a new one one me...


SO, from what I read the fund was just 'closed' and all securites sold for everybody.. is this true?

Must have been a very small fund that just did not make money for the company...

I have heard of them merging funds together before, but just closing
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Old 11-02-2007, 10:29 AM   #3
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do you have losers in other accounts you can sell?
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Old 11-02-2007, 10:30 AM   #4
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Quote:
Originally Posted by Texas Proud View Post
Wow... a new one one me...


SO, from what I read the fund was just 'closed' and all securites sold for everybody.. is this true?

Must have been a very small fund that just did not make money for the company...
That's what happens.

Usually you are given some advanced warning of this
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Old 11-02-2007, 10:33 AM   #5
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Was the fund in question a CEF that liquidated?
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