Mutual Fund Orders
- How do I buy, sell, or sell to buy mutual funds?
- Where is the mutual fund trading screen?
- How do I place a trade?
- How do I preview my order?
- Where is my order confirmation?
- How do I cancel an order?
- How are funds priced?
- Do I need to "sell" from my Core account to create cash for my mutual fund purchase?
- What's a fund family?
- Can I sell a non-Fidelity fund like Janus® or Vanguard® and buy a Fidelity fund with the proceeds?
- What is Fidelity's Excessive Trading Policy?
How do I buy, sell, or sell to buy mutual funds?
Placing a mutual fund trade online is easy. The order isn't "official" until you review all the information and click Place Order.
There's never a commission for Fidelity mutual fund trades, though other fees and expenses may apply. See the fund's current prospectus for details. You can place a mutual fund trade anytime.*
Where is the mutual fund trading screen?
The mutual fund trading screen can be found by following this path: Accounts & Trade > Trade tab (log in required) > Trade Mutual Funds (in the table of contents).
How do I place a trade?
You have three options for placing a trade:
- You can buy a mutual fund. View a demo of the mutual fund Buy screen.
- You can sell a mutual fund you own. View a demo of the mutual fund Sell screen.
- You can sell a mutual fund you own, and use the proceeds to buy a mutual fund within the same family (exchange) or from a different fund family (cross family trade). View a demo of the mutual fund Sell to Buy screen.
How do I preview my order?
After entering information about the fund you want to buy or sell, click Preview Order to review your order before you place it. You can change or cancel your order on the Order Verification page. View a demo 
. This page will open in a popup window..
Where is my order confirmation?
After you place your trade, the confirmation screen confirms the trade details. Print this screen, or note the confirmation number. You can also receive a trade confirmation via e-mail. View a demo . This page will open in a popup window..
How do I cancel an order?
You can attempt to cancel an unexecuted order even after you have placed it. To do this, go to the Orders page, select your order, and choose Cancel.
You must request a cancellation of your order before the closing price is calculated. For Fidelity Funds, the Attempt to Cancel has to be initiated before 4 p.m. on the day of the trade. Pricing times for non-Fidelity funds vary. To check pricing rules, see the fund's prospectus. View a demo . This page will open in a popup window..
How are funds priced?
Mutual funds are priced based on the next available price. For Fidelity funds that price daily, the next available price is calculated based on the 4 p.m. market close. Fidelity Select funds are priced daily. Non-Fidelity funds may have different policies. See the fund's prospectus for more information.
Do I need to "sell" from my Core account to create cash for my mutual fund purchase?
You do not need to "sell" from your Core account to create cash to purchase a mutual fund. For brokerage accounts, the trade will settle automatically if there is enough cash available in your Core account.
What's a fund family?
A group of mutual funds, each typically with its own investment objective, managed and distributed by the same company.
Can I sell a non-Fidelity fund like Janus® or Vanguard® and buy a Fidelity fund with the proceeds?
You can sell a non-Fidelity fund and buy a Fidelity fund with the proceeds. This type of transaction is called a cross family trade, where you sell mutual fund assets in one mutual fund family to purchase mutual fund assets in a different fund family. The settlement date for the sale portion of the transaction is one business day later than the trade date. Therefore, the purchase takes place on the next business day following the sale. On the sale of your mutual funds, you will receive the next available price, and on the purchase of your mutual funds, you will receive the next business day's price.
What is Fidelity's Excessive Trading Policy?
Fidelity has long discouraged excessive trading by mutual fund investors. Excessive trading can be expensive and burdensome for long-term sharholders. Read the full policy . This page will open in a popup window..
