Add Shares to a New Fund in an Existing Education Account
If you would like to invest money in an existing account, but in a Fund that you haven’t previously invested, you can use same previously mentioned four methods, but you must verify that you have read the prospectus for the new Fund. The prospectus includes important information on a fund including management fees and expenses, and financial reports present aspects of a fund’s operations, financial condition and performance during the period. Read it carefully before investing.
Add Shares by Mail
A letter of instruction must include your account number, the name(s) of the registered owner(s), the Fund(s) that you want to purchase and a declaration that you have read the prospectus for the new Fund. If you are using an investment slip, the statement in regards to the prospectus can be written directly on the investment slip.
Certain checks and other instruments are not accepted without prior approval such as:
Add Shares by Telephone
Call us at 1-800-332-5580 to request that a purchase be made electronically from your bank account. The shares purchased will be priced on the next business day following your telephone request made prior to the close of the NYSE.
Before using the ACH feature, you must set up the ACH option on your initial account application or a Change of Account Options Form.
When buying shares of a previously unowned fund, the investor services representative will ask you to confirm that you have read the prospectus of the new fund.
Add Shares Online
You may purchase additional shares through the account access section of the website. Your account must have a designated bank account to execute transactions. To complete an online purchase of a new fund, you will be asked to check a box, acknowledging that you have read the prospectus.
Add Shares By Wire Transfer
Instruct your bank to wire your investment to us using the wire instructions for Sit Mutual Funds.
Establish an Automatic Investment Plan
Use the Change of Account Options form to set up a recurring monthly purchase. After setting up proper bank instructions, this transaction will be executed every month on the day of your choosing. If the plan is being established to purchase a new fund for the account, include a brief note acknowledging that you have read the new fund’s prospectus.