What price will I get when I buy or sell a fund?

It depends on whether you're buying or selling a mutual fund or an Exchange Traded Fund (ETFs).

Mutuals

You do not know what price you will get when you place an order, you trade at the ‘next available price.’ Vanguard mutual funds set their price once each working day, the valuation point, and the timing varies from fund to fund.

When you buy a fund before its dealing deadline you will get the price at the next valuation point.

You can find the dealing deadline for a specific fund by going to the fund page, the dealing deadline is under the Key fund facts column.

ETFs

ETFs are traded throughout the day when stock markets are open. The price continually changes in line with the forces of supply and demand. Our bulk dealing service trades them twice a day at 10:15 and 14:10. You can place a trade free of charge, but it must be before these dealing deadlines.

Alternatively, you can get a live price when the London Stock Exchange is open, Monday to Friday from 8:00 to 16:30, excluding fund holidays. To buy at a live price you need to use our Quote and Deal service which costs £7.50 per trade. You will need cash available in your account.

You have around 15 seconds to accept or reject the quoted price. Please note the quote is not guaranteed if the market moves within that short window.

Once the trade is executed, the order will be marked as complete on your Transactions page.