Late trading : Placing a buy order for a mutual fund after 4 p.m. ET and getting it at that day 's closing net asset value .
Late trading : Placing a buy order for a mutual fund after 4 p.m. ET and getting it at that day 's closing net asset value .
Forward pricing : Law that states mutual fund shares bought after 4 p.m. ET are priced at the next day 's closing net asset value .