Sentences with phrase «issues creation units»

Not exact matches

RSX issues and redeems shares at NAV only in a large specified number of shares, each called a «Creation Unit,» or multiples thereof.

In the U.S., the Securities Exchange Commission (SEC) has issued an analysis deeming The DAO tokens to be securities, announced the creation of a Cyber Unit that will investigate ICO and blockchain - related misconduct, and charged two ICOs with selling unregistered securities and defrauding investors.

In order to ensure that individuals with developmental disabilities and mental health issues, and our seniors have a safe and comfortable place to call home, the IDC calls for: (1) a $ 40 million fund to incentivize housing for middle - and low - income seniors; (2) a $ 7,500 tax credit for repairs to seniors» homes where the resident can not afford the cost of repairs; (3) the creation of a $ 25 million housing disability fund to leverage private financing to develop or retrofit up to 1,400 housing units for people with mental or developmental disabilities; and (4) setting aside $ 10 million of existing Medicaid redesign team supportive housing funds for the upstate region.

Creation units are issued in blocks of 50,000.

NextShares funds issue and redeem shares only in specified creation unit quantities in transactions by or through authorized participants.

Like ETFs, exchange - traded managed funds may issue and redeem shares in Creation Unit quantities on a daily basis.

NextShares funds issue and redeem shares only in specified creation unit quantities in transactions by or through Authorized Participants.

The ability to issue and redeem Creation Units enables NextShares funds to expand and contract in response to changes in investor demand.

Also like ETFs, NextShares issue and redeem Creation Units of shares at NAV, plus or minus a transaction fee that is intended to offset the estimated cost to the fund of processing the transaction and converting the transferred Basket instruments to or from the desired composition.

Some NextShares funds may issue and redeem Creation Units entirely in cash on an ongoing daily basis.

Like ETFs, NextShares issue and redeem shares in Creation Unit quantities in transactions by or through Authorized Participants.

The purpose of transaction fees is to protect the fund's shareholders from the dilutive costs associated with issuing and redeeming Creation Units.

NextShares funds may issue and redeem shares in Creation Unit quantities on a daily basis.

Under the SEC proposal, an ETF would be defined as a registered open - end management investment company that: • Issues (or redeems) creation units in exchange for the deposit (or delivery) of basket assets the current value of which is disseminated per share by a national securities exchange at regular intervals during the trading day; • Identifies itself as an ETF in any sales literature; • Issues shares that are approved for listing and trading on a securities exchange; • Discloses each business day on its publicly available web site the prior business day's net asset value and closing market price of the fund's shares, and the premium or discount of the closing market price against the net asset value of the fund's shares as a percentage of net asset value; and • Either is an index fund, or discloses each business day on its publicly available web site the identities and weighting of the component securities and other assets held by the fund.

Even when it was actively issuing new units, creation wasn't keeping up with demand.