What is the minimum holding period for a mutual fund at Scottrade?
A. The minimum holding period before most mutual fund positions are settled is trade date plus three business days. The earliest any mutual fund position can be redeemed is settlement day plus one business day. Most mutual funds purchased at Scottrade settle on trade date plus three business days. This means the minimum holding period before redemption can take place is three business days, allowing the position to be eligible for redemption on settlement day plus one business day at the earliest. Some no-load funds settle purchases on a trade-date-plus-one-business-day basis. These positions may be eligible for redemption on the trade date plus two business days. Settlement periods may vary by fund and are subject to change without notice. If you are unsure if a mutual fund that you recently purchased is eligible for redemption, please contact your Scottrade broker. Scottrade will assess a transaction fee upon the sale or exchange of a position held fewer than 90 days, with the except
