Mutual Fund Forward Pricing Rule Explained
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.
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Can You Cancel a Mutual Fund Order? 4 pm Cutoff
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.