IFT Explanation

[cprice72]

Let's say that I had $100 dollars in the G Fund and made an IFT at 10:00pm on 9 Jan 2007 of 35% C - 35% S and the remaining 30% would stay in the G Fund. Should the 10 Jan 07 account balance reflect the end of day share prices of the C and S funds?

Basically should I see an increase of the $35 dollars that I transfered into the C and S or will it reflect on my account balance on 11 Jan 07?

Thanks!

 

[ChemEng]

Heres how it works:

Day 1:
Make IFT before noon from 100%G-->30%G/35%C/35%S
At COB, prices are adjusted based on market activity.
Then the IFT transaction takes place.

Day 2:
You start with your new 30%G/35%C/35%S allocation.

If you dont make the IFT before noon, then everything shifts to the right a day. I hope this makes sense.

 

[AIF]

The price you bought in at would be the prices posted for the 10th. The relsuts of your actions can be viewed on the 11th. I think.