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Exchange Shares


MFS offers you the convenience and flexibility of exchanging shares of one mutual fund for shares of the same class of another mutual fund online via MFS Access or by calling our automated phone system at 1-800-225-2606.

  • Online
  • Phone & Mail

Exchanging shares with MFS Access

In order to exchange online, you must first sign up for MFS Access. Please Note: Some Workplace Retirement and 529 College Savings Plan accounts may not be eligible to exchange shares through MFS Access.

Step 1: Logging in to MFS Access

Select Manage my Accounts from the main menu of mfs.com and then click MFS Mutual Fund, IRA, and 529 Accounts (MFS Access).

  • If you are already set up with MFS Access, simply type in your user name, verify your security settings, enter your password, and you will be taken to your portfolio page.
  • If you are not set up with MFS Access, click "First time using MFS Access?" and follow the online instructions. It will be helpful to have a recent account statement handy during this process.

Step 2: Exchanging shares

From your My portfolio page you will see a list of the funds you currently own. Choose a fund and click on the "I want to..." box next to it. Select Exchange Shares. Follow the step-by-step instructions. To exchange shares in additional funds, return to your portfolio page and repeat the process.

Things you should know when exchanging shares

  • When processing a full exchange of shares online, if there is an active systematic agreement on your account (Automatic Investment, Systematic Exchange, or Systematic Withdrawal) you must contact MFS directly to turn off the agreement on your old account or transfer the agreement instructions to your new account. These agreements will not automatically move to the new account.
  • The dividend and capital gain options on the account you are exchanging from will be carried over to new account(s) opened via an exchange.
  • The MFS funds' exchange policy allows two exchanges in excess of $15,000 out of an account in any non-money market MFS fund during a calendar quarter subject to limited exceptions.
  • Exchanges made out of an account on the same day will be aggregated.
  • Once the exchange limit is reached, purchases in the account may be restricted for the rest of the quarter.
  • The sale of your shares could have tax consequences. For further information, please contact your financial advisor or tax advisor.
  • Requests received after the close of the New York Stock Exchange will be processed at the following business day's price.
  • If you have questions at any point in this process, please call MFS Service Center at 1-800-225-2606 any business day from 8:00 AM to 7:00 PM Eastern Time.

Exchanging shares by automated phone

To exchange shares by phone, please call 1-800-225-2606 and speak to a service representative or use MFS' automated phone system.

MFS’ automated phone system allows you to manage your existing MFS mutual fund account with just a phone call 24 hours a day. If you haven't signed up, here's how.

Steps

1. When you call MFS, you will be prompted for your Social Security and MFS personal identification number (PIN). If you do not have a PIN, the system will allow you to create one. It will be helpful to have a recent account statement handy during this process.
2. After entering your Social Security number and PIN, the system will provide you your current account balance and direct you to the main menu. From the main menu, you may either use our speech recognition feature and simply speak to the system or say "touchtone" to use your phone's keypad.

For speech-recognition

  • Say "transactions." You will be prompted with two options - exchange and purchase.
  • Say "exchange."
  • The system will prompt you for the details on the transaction.
  • You will receive a confirmation of the exchange in the mail within a few days.

For touchtone

After saying "touchtone" or pressing the "*" key twice:

  • Press "232" on your keypad.
  • To select the fund you would like to exchange into, either type in the fund number or hit "#" for a list of funds.
  • After selecting the fund, the system will guide you through the process.
  • You will receive a confirmation of the exchange in the mail within a few days.

If at any time you would like to speak with a representative, simply say "representative" or press "0."

Exchanging shares by mail

Provide a signed letter of instruction letting us know how much you would like to exchange and the appropriate account number(s). Shareholders are required to purchase at least $1,000 worth of shares if opening a new account through a direct purchase ($250 for an IRA or 529 shares). The minimum for exchanges into an existing MFS account has been reduced to $50.

For shareholders investing into MFS funds via an automatic exchange plan there is no minimum requirement for a new account purchase or any subsequent purchases.

Send the letter of instruction:

For Regular mail
MFS Service Center, Inc.
P.O. Box 55824
Boston, MA 02205-5824
For Overnight mail
MFS Service Center, Inc.
c/o Boston Financial Data Services
30 Dan Road
Canton, MA 02021-2809

You will receive a confirmation of the exchange in the mail within a few days.

Things you should know when exchanging shares

  • The sale of your shares could have tax consequences. For further information, please contact your financial advisor or tax advisor.
  • Minimums and restrictions: To prevent creating accounts below the minimum investment requirements, please review your funds prospectus to determine the minimum amount required for an exchange.
  • Exchange requests received after the close of the New York Stock Exchange will be processed at the following day's prices.
  • If you don't own the fund you are exchanging into, read the fund's prospectus.
  • Exchanges will be restricted after more than two exchanges - each in excess of $5,000 - are made out of a fund during a calendar quarter.