1. Overview
The Periodic Dealing Fund, offered by Moomoo SG, is a financial product designed for managing idle funds. This closed-end fund opens periodically for investors seeking monthly dividends and moderate liquidity.
Key features include:
1.1 Short lock-in period
The lock-in period is only two weeks, balancing returns with flexibility.
1.2 Automatic rollover
Funds are locked during the period but will be automatically reinvested for another cycle if no redemption is requested.
2. How it works
The lock-in period is two weeks, during which no redemptions are allowed.
To redeem funds, a redemption request must be made before the lock-in periods ends. Otherwise, the funds will be automatically locked in for another two weeks. If the scheduled open day falls on a non-business day, it will shift to the next business day.
For example:
When you purchase a periodic dealing fund on March 1, the funds will be locked until at least March 14 before you can redeem them.
If you do not request a redemption before the cut-off time on March 14, the funds will automatically roll over to the next cycle, making them available for redemption on April 1.
Tip: You can schedule subscriptions or redemptions in advance to avoid missing open days.
3. What are open days
Open days for funds are specific dates when subscription or redemption orders for funds are processed. Subscription and redemption orders placed on non-open days are scheduled and processed at 8:00 PM SGT on the next open day.
For example:
If an open day is June 1, 2025, and you place an order on May 20 (a non-open day), it will be processed as a scheduled order at 8:00 PM SGT on Jun 1, 2025.
4. How to subscribe
4.1 Scheduled subscription
When the fund is not on fund subscription open day, you can schedule your subscription by tapping the Subscribe button on the fund's details page.
Funds will be debited from your account at 8:00 PM SGT the fund subscription open day.
For example, if the open day for the fund is June 1, 2025, your scheduled subscription will be activated at 8:00 PM SGT on Jun 1, 2025.
Note: Ensure your account has sufficient cash buying power on the day of your scheduled order. Keep your Customer Knowledge Assessment (CKA) status current to prevent subscription failures due to expired credentials.
4.2 Direct subscription
When the fund is on fund subscription open day, you can subscribe immediately by tapping the Subscribe button located at the bottom of the fund's details page. Open days are on the 1st and 14th of each month. For details, please refer to the trading rules on the app.
5. How to redeem
5.1 Scheduled redemption
When the fund is closed for redemption, schedule a redemption in advance by tapping the Redeem button at the bottom of the fund's details page. The scheduled redemption order will be activated at 8:00 PM SGT on the fund's next open day.
5.2 Direct redemption
When the fund is open for redemption, you can redeem the fund immediately by tapping the Redeem button at the bottom of the fund's details page. Open days are on the 1st and 14th of each month. For details, please refer to the trading rules on the app.
6. How to view your orders
On the Accounts page, tap an account card to view the account details.
Tap the History tab and use the Order History and Funds filters to view the relevant orders.
7. How to cancel a scheduled subscription or redemption
Before 11:30 AM SGT on the day after the fund's open day, you can cancel a subscription or redemption order by following these steps:
- On the Accounts page, tap an account card to view the account details.
- Tap the History tab and use the Order History and Funds filters to view the relevant orders.
- Select the specific order, and tap the Cancel Order button in the upper right corner.
