I want to move money between Vanguard mutual funds, say take all my money out of a Large-cap index fund and put it in a Small-cap index fund for simplicity sake. Is this a taxable event?
I know it is taxable if I'm transferring between fund families (say between a Vanguard fund and Fidelity fund) because it's essentially selling the fund, and buying another one. However, is it still taxable if it's just an exchange within the same fund family?