Transferring Mutual Fund Shares Between Classes


J

Jerry

I'm using Quicken2004 Deluxe, primarily to manage a portfolio of mutual
funds. I can't figure out how to handle a recent transaction. Vanguard
offers two classes in some of their funds - investor and admiral. Under
certain circumstances, shares can be converted between them as a non-taxable
event. Typically, it results in a significant change in share price and
quantity of shares, but with no change in overall value. I cannot find a
good way to handle that in Quicken. I tried "Shares Transferred between
Accounts", but that moved each individual transaction. I can always sell and
then buy, but that generates capital gains. I guess I can ignore that part,
but it's going to lead to messy year-end reports. Any suggestions? Thanks
for your help.
 
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J

John Pollard

Jerry said:
I'm using Quicken2004 Deluxe, primarily to manage a portfolio
of
mutual funds. I can't figure out how to handle a recent
transaction.
Vanguard offers two classes in some of their funds - investor
and
admiral. Under certain circumstances, shares can be converted
between
them as a non-taxable event. Typically, it results in a
significant
change in share price and quantity of shares, but with no
change in
overall value. I cannot find a good way to handle that in
Quicken. I
tried "Shares Transferred between Accounts", but that moved
each
individual transaction. I can always sell and then buy, but
that
generates capital gains. I guess I can ignore that part, but
it's
going to lead to messy year-end reports. Any suggestions?
Thanks for
your help.
Have "Class A" do a Corporate Acquisition of "Class B".
 
J

Jerry

John Pollard said:
Have "Class A" do a Corporate Acquisition of "Class B".
Thanks for your response, but I can't get there. I saw where this was an
option for individual securities, but the account in question is set up as
an individual mutual fund. My drop-down "Transactions" menu for this account
does not offer Corporate Acquisition as an option. How do I get there?
Thanks.
 
J

John Pollard

Jerry said:
Thanks for your response, but I can't get there. I saw where
this was
an option for individual securities, but the account in
question is
set up as an individual mutual fund. My drop-down
"Transactions" menu
for this account does not offer Corporate Acquisition as an
option.
How do I get there?
Change the account so it's not a Single Mutual Fund account. In
tha Account Attributes pane on the Summary tab of the account,
in the box labelled "Single Mutual Fund?", click the word "Yes".
 
A

Art

Jerry -

I had a similar problem - in order to access the "Corporate Acquisition"
transaction the investment cannot be classified as a "Single Mutual Fund" -
unfortunately there is no way to change it once it is set up (or at least
there wasn't in Quicken Deluxe 2005). So I ended up redoing the entire
investment from scratch including all the transactions and setting it up as
a "Brokerage" account instead of "Single Mutual Fund". Then using the
Corporate Acquisition" transaction. Time consuming but it worked. Also
learned not to use SMF in the future! Good luck.

Art
 
J

John Pollard

Art said:
Jerry -

I had a similar problem - in order to access the "Corporate
Acquisition" transaction the investment cannot be classified
as a
"Single Mutual Fund" - unfortunately there is no way to change
it
once it is set up (or at least there wasn't in Quicken Deluxe
2005).
Same option I mentioned in earlier post in this thread, to
convert an account from SMF to non-SMF, exists in Q2004, Q2005
and Q2006.

You do have to go to the correct spot or you will not get the
option.
So I ended up redoing the entire investment from scratch
including
all the transactions and setting it up as a "Brokerage"
account
instead of "Single Mutual Fund". Then using the Corporate
Acquisition" transaction. Time consuming but it worked.
Also learned not to use SMF in the future!
I concur.
 
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J

Jerry

John Pollard said:
Change the account so it's not a Single Mutual Fund account. In tha
Account Attributes pane on the Summary tab of the account, in the box
labelled "Single Mutual Fund?", click the word "Yes".
John - Thanks very much for your help and your patience. It worked like a
charm when you know what you're doing. <G> Thanks again, Jerry.
 

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