Adjusting a fund's dealing price so that the investors who are dealing bear the dealing costs rather than the ones who stay. Without it, every subscription and redemption quietly bills the remaining holders for its own trading.
Where Swing pricing is explained in depth
The definition above is the short version. These pages put it to work, in the order they use it most:
Information and education only. Every page, figure and
calculator on this site exists to explain how financial instruments work. Nothing here is
investment, tax or legal advice, a recommendation, or a valuation you can rely on.Full disclaimer