Mutual Fund question... vanguard and others chime in

[halik]

So generally speaking, the prices of fund are computed every day using the closing price.

How exactly does that work when I'm selling the funds? If I put in a sell order, do they use the price of a previous close or is it computed instanteneously or do they use that day's closing price?

 

[kranky]

My understanding is that sell orders placed before 4 PM get the NAV as of the end of that business day. After 4 PM, you get the NAV of the following business day.

 

[halik]

concurrent post

 

[halik]

Originally posted by: kranky
My understanding is that sell orders placed before 4 PM get the NAV as of the end of that business day. After 4 PM, you get the NAV of the following business day.

google says you're correct. Thanks!