Sentences with phrase «same value of the underlying security»

Authorized participants receive the same value of the underlying security in the fund after selling shares.

Not exact matches

Arbitrage might take advantage of imbalances in prices between two markets for the same security (such as a domestic and a foreign market) or between two types of securities whose value depends on the same underlying security (such a stock and a bond convertible into the stock).

You receive shares based on the actual closing market price of the fund, and that is based on the actual value of the underlying securities, and it is the same whether you buy or sell shares.

In the case of TIPS, the market value of the security would still be expected to drop even though the underlying principal value, on which the semiannual interest payment and inflation adjustment is based, would remain the same.

The AP delivers a certain amount of underlying securities and receives the exact same value in ETF shares, priced based on their net asset value (NAV), not the market value at which the ETF happens to be trading.

In exchange, APs receive the same value in the underlying securities of the fund.

All put options a fund writes will be covered, which means that a fund will earmark or segregate cash, U.S. government securities or other liquid securities with a value at least equal to the exercise price of the put option, or will otherwise «cover» its position as required by the Investment Company Act of 1940, as amended (the 1940 Act)(e.g., the fund will hold a put option on the same underlying security with the same or higher strike price).

All put options the fund writes will be covered, which means that the fund will earmark or segregate cash, U.S. government securities or other liquid securities with a value at least equal to the exercise price of the put option, or will otherwise «cover» its position as required by the Investment Company Act of 1940, as amended (the 1940 Act)(e.g., the fund will hold a put option on the same underlying security with the same or higher strike price).