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Swing pricing

Swing pricing is a liquidity management tool that adjusts a fund's net asset value up on days of net subscriptions, or down on days of net redemptions, by a swing factor reflecting trading costs. The investors who trade bear the cost of their dealing, which protects those who stay. Full swing applies every day; partial swing only above a threshold.

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This is a brief definition. A full explanation with a worked example is being written.

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Updated 31 Oct 2026.