Mutual Fund Trading Hours
Orders must be received no later than 3:59:59 p.m. Eastern Time with the exception of trades placed in the ProFunds, CGM, Sequoia, Leuthold, and Direxion families of funds, which have a 3 p.m. ET cutoff. All orders received after the cutoff time will be executed at the following business day's net asset value (NAV). On holidays when the market closes early, Scottrade will halt ProFunds, CGM, Sequoia, Leuthold and Direxion transactions one hour earlier. For example, if the market were to close at 1 p.m. ET, Scottrade would halt ProFunds and Direxionfunds transactions at noon ET.
Note: Executions are calculated from the NAV. If you are buying a front-end load fund, a sales charge may be added to the NAV at the time of purchase. Front-end load fund purchases result in the trade being executed at the public offering price (POP), which is NAV plus the applicable sales charge. Redemptions of back-end load funds may have a Contingent Deferred Sales Charge (CDSC), which may be deducted from the proceeds. In addition to sales charges, mutual funds may assess their own short-term redemption fee to discourage excessive trading. Please read the prospectus carefully before investing.
Investors should consider the investment objectives, risks, charges, and expenses of mutual fund carefully before investing. A prospectus contains this and other information about the fund and is available through www.scottrade.com or through a Scottrade branch office. The prospectus should be read carefully before investing.