The value of your investment can go up or down, and you may get back less than you invested. Nothing in this article is investment, tax or legal advice. |
The Net Asset Value (NAV) per unit is the price your buy or sell order is filled at, priced once a day by the fund manager, not by Trading 212.
Occasionally, the fund manager finds that a published price was wrong and issues a corrected one. When this happens, we update your affected transactions to match the corrected price and let you know.
Mutual funds are available to UK residents only and are being rolled out gradually, so they may not be available to you yet. If you're eligible but don't have access yet, you can join the waitlist in the app and we'll let you know when access becomes available to you.
Why does this happen?
Fund prices are calculated by the fund manager, not by Trading 212. A price may be corrected if, for example, an asset held by the fund was valued incorrectly, or a figure was entered incorrectly.
Corrections are rare. When one happens, we apply it to your account exactly as instructed by the fund manager.
How can a correction affect my investment?
The effect depends on what is being corrected:
- Buy orders: your invested amount generally stays the same, but the number of units you receive and your average purchase price may change.
- Sell orders: the amount you receive may increase or decrease. In some cases, the number of units sold may also change.
💡 Example
You invest £100 at £1 per unit, receiving 100 units. If the price is corrected to £1.25, your purchase becomes 80 units. Your original investment amount remains £100.
Outside a tax-free wrapper such as an ISA or SIPP, a correction can also change the cost basis or proceeds used for Capital Gains Tax purposes. Keep a record of any correction notification you receive for your own tax reporting.
What will I see in my History?
Affected transactions are marked with one of three labels:
- Corrected: the transaction itself has changed: the price, the number of units, or both. You'll see the original values crossed out next to the corrected ones, and a Correction section showing the amount before and after.
- Updated: the transaction hasn't changed, but its result has. This happens when an earlier purchase is corrected: the price you paid for those units changes, so the return on a later sale is recalculated. Nothing else about the sale changes.
- Cancelled: in rare cases, a sale may be reversed. For example, if a correction means you didn't hold enough units at the time of the sale. The amount you received is taken back from your account, and the sale is removed.
You'll also see a "Modified transactions" entry in your History on the date the correction was applied. Tap it to see everything that changed.
Corrected transactions keep their original execution and settlement dates. A correction doesn't start a new settlement period.
Do I need to do anything?
No. Corrections are applied automatically, and we'll notify you when one affects your account. You don't need to resubmit the original order for the correction to take effect.
What if I have already spent or withdrawn the money?
If a correction reduces your cash balance, you may have an outstanding amount to repay.
An Invest account can show a negative cash balance. In an ISA or SIPP, the automatic deduction is limited to available cash, so the correction does not create a negative cash balance.
If the amount owed is more than your available cash, we'll contact you directly by email about repaying it. There's no fixed repayment timeline in this case. It depends on your individual circumstances, and we aim to be flexible. We won't sell your other holdings to cover the amount; instead, your account may be restricted to sell-only until it's resolved.
Otherwise, you'll see the correction reflected in your account and History as described above, with no separate contact needed. If you have questions about the changes or an outstanding balance, contact our support team.
Will I get a new trade confirmation?
Yes. A new trade confirmation with the corrected details is issued for every corrected transaction. You can download it from the transaction in your History.
Your activity statements will show the correction on the date it was applied.
Can a correction affect my pending orders?
Yes. A pending order may be cancelled if the correction leaves you with insufficient units to sell or insufficient cash to buy.
We'll notify you if an order is cancelled.
Can a transaction be corrected more than once?
Yes, although this is very unusual. If the fund manager corrects the price again, we apply the new correction in the same way.
Your History always shows the latest version of each transaction.