When Do Index Funds Trade? ETFs vs Mutual Funds
When do index funds trade? An index ETF prices all day like a stock. An index mutual fund does not trade intraday: it fills at the NAV after 4 p.m.
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When do index funds trade? An index ETF prices all day like a stock. An index mutual fund does not trade intraday: it fills at the NAV after 4 p.m.
Mutual fund order cutoff times by broker: why 4:00 p.m. ET is the default, which funds stop earlier, and when to submit an order for today's closing NAV.
Under the forward pricing rule, a mutual fund order is priced at the next NAV struck after it arrives. Here is what that means for your buy or sell.
You can cancel a mutual fund order until the fund's cutoff, usually 4 pm ET. After that it fills at the day's NAV and cannot be undone, even before settlement.