When will my order be placed?

Mutuals

When you place an order, you trade at the ‘next available price.’ Vanguard mutual funds set their price once each working day and the timing varies from fund to fund. For example, say the price is set at 12:00 if you place your order at 14:00, it will be executed at tomorrow’s 12:00 valuation point. This is known as forward-pricing.

The dealing deadline is usually but not always an hour before the valuation point. You can find the dealing deadline for a specific fund by finding the fund in our fund list, the dealing deadline is under Key fund facts column.

ETFs

ETFs are traded throughout the day when stock markets are open. 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.

Orders take 2 to 4 working days to complete, they are pending until the trade is executed, then the order will be marked as complete on your Transactions page. A contract note will also be uploaded to your Documents in your online account. 

Days when a fund cannot deal

Fund holidays can delay orders. These are days when a fund cannot deal. An example is when a stock exchange in a market where a fund makes investments is closed for a public holiday.

You can see all the dates in the fund holiday calendars. Apart from ETFs, you will need to find out where your mutual fund is domiciled first. On the full list of funds you can filter by domicile.