If you have an IRA, we are selling most of your current investments to reinvest in new funds aimed at improving long-term, risk-adjusted returns. Since this is within an IRA, adjustments will not cause a taxable event.
If you have a taxable (non IRA) account, we are selling about one-third of your current investments to reinvest in new funds aimed at improving long-term, risk-adjusted returns. This could lead to taxable gains, typically less than 0.70% of your entire account value.