Yes, you can use the "Exchange" action on a fund position to sell the entire or partial position and use the sale proceeds to buy shares of another mutual fund.
- US Mutual Funds: IBKR only accommodates swapping of funds within the same fund family.
- Non-US Funds: Swapping is only available from one Non-US fund to another.
The two-legged mutual fund exchange transaction (sell one fund, buy another fund) is considered a single transaction. This means that if one leg fails to execute, the other will be cancelled.
This feature is available in Desktop TWS, Client Portal, IBKR Mobile, IBKR GlobalTrader, and IBKR IMPACT.