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What types of transactions are considered frequent trading?

April 26, 2017frequent trading transactions types

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What types of transactions are considered frequent trading?

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Three roundtrips in the same fund within any rolling 90 day period or 10 roundtrips in the same fund within any 365 day period would be considered frequent trading and will result in the enforcement of the policy. A roundtrip is defined as a buy followed by a sell in the same fund within the time period. The buy and sell do not have to be consecutive to be considered a roundtrip.