Sentences with phrase «underlying securities held»

Understanding how the NAV of a fund is determined will help you to see the relationship between the fund share price and the collective prices of the underlying securities held therein.

This time we will assume two identical ETFs with identical underlying securities held at identical weights.

Share prices can deviate from the fund's net asset value of the underlying securities it holds, as market forces of supply and demand can lead to a trading discount or premium.

ADRs are denominated in U.S. dollars, with the underlying security held by a U.S. financial institution overseas, and holders of ADRs realize any dividends and capital gains in U.S. dollars, but dividend payments in euros are converted to U.S. dollars, net of conversion expenses and foreign taxes.

ADRs are denominated in U.S. Dollars and trade like any other stock, with the underlying security held by a U.S. financial institution overseas.

The point here is that people, mostly financial advisers, think they have magic powers and can tell if a very large basket of stocks in an ETF is currently overpriced or underpriced relative to the value of the underlying securities it holds.

Not exact matches

In other words, no matter how good the fund, its manager or its securities selection, if Morningstar says it is good, then so much money pours in to the fund that the underlying holdings of the fund can get a short - term boost as the manager puts the new money to work.

The underlying beliefs that people in the United States and China hold toward each other in the security realm are likely to influence, directly or indirectly, each side's foreign policy with regard to the bilateral relationship.

The underlying beliefs that people in the United States and China hold toward each other in the security realm are likely to influence foreign policy.

The securities that underlie the funds are held by a custodian, not by Vanguard.

The longer this goes on, you get this self - reinforcing cycle of wealth creation that puts the buy and hold investor at a considerable advantage to the day trader, provided the underlying securities are of blue chip quality.

Those revenues easily cover the cost of providing that liquidity, which is the cost of understanding the psychology of the passive investors, so as to anticipate their net flows, and also the cost of determining the fair value of the underlying securities, to know what prices he can prudently pay for them, in case he gets stuck holding them.

However, the Fund may experience a loss even when the entire value of its stock portfolio is hedged if the returns of the stocks held by the Fund do not exceed the returns of the securities and financial instruments used to hedge, or if the exercise prices of the Fund's call and put options differ, so that the combined loss on these options during a market advance exceeds the gain on the underlying stock index.

The Master Fund may invest, including for defensive purposes, directly and indirectly, some or all of its assets in high quality fixed - income securities, money market instruments and money market mutual funds, or hold cash or cash equivalents in such amounts as the Advisor or general partner, manager or equivalent of the underlying Investment Fund (the «Investment Fund manager (s)») deem appropriate under the circumstances.

However, the same transparency that allows large investors to keep an ETF's price tied to its underlying securities would give skinflints a chance to piggyback off a manager's research by simply choosing to hold the same securities as the fund (although they'd pay a lot in transaction fees if they did this frequently).

Position limits: A limit set by the exchange on which an option trades as to the number of standard options contracts on the same side of the market on the same underlying security that an investor may hold at any given time.

This means that the underlying holdings must meet the minimum standards for pension plans established by the Employee Retirement Income Security Act of 1974 (ERISA).

The BMO Covered Call Canadian Banks ETF (ZWB) is an actively managed fund that holds Canadian bank stocks or units of the BMO S&P / TSX Equal Weight Banks Index ETF (ZEB) and writes covered call options on the underlying securities depending on market conditions.

In a direct holding system, participants hold the underlying securities directly.

The tax status of a capital gain distribution is determined by how long the fund held the underlying security that was sold, not by how long you have owned the fund.

Please note that if you are holding in - the - money options and you do not have enough equity or you do not own the underlying security, you will be responsible to cover the resulting long or short position.

A gain is realized only when the fund sells some of the underlying securities for a profit, and if the fund is holding some unused capital losses, the gains will be offset against the losses, resulting in a smaller loss carried forward to future years or a smaller gain to be be distributed to shareholders, depending on the relative sizes of the gain and the loss.

The annualised percentage return to the option writer (seller) from the option premium received, (if the option is held by the taker until expiry), calculated on the current price of the underlying security.

Like a mutual fund, ETFs are open - ended, meaning that new units of the fund can be created or redeemed at a price per unit that reflects the market value of the underlying securities the fund holds.

Adopting the discipline of rebalancing bond exposures toward fundamental weights, which are linked to the economic size of the underlying issuing companies rather than to the amount of debt they have issued, achieves the dual objective of: 1) tilting holdings toward companies with better debt servicing and higher credit ratings; and 2) taking advantage of mean reversion in securities prices over time.

ADRs are issued in US dollars, receive dividends and capital gains in US dollars, and the underlying security is held by a US bank overseas.

theoretically speaking, there are certain cases where it might be beneficial for an owner of a USD - paying dividend to nevertheless hold the underlying security in a CAD account.

To execute the covered call income strategy, you need to hold a 100 - multiple of a given stock, which will be the underlying security for stock options you will be selling.

A capital gains distribution is a payment to shareholders that is prompted by a fund manager's liquidation of underlying stocks and securities in a mutual fund, or derived from dividend and interest earned by the fund's holdings minus the fund's operating expenses.

The key thing to note here is that we need to hold the underlying security.

Ratings apply to the underlying portfolio of debt securities held by the Fund and are rated by an independent rating agency, such as Standard and Poor's, Moody's, and / or Fitch.

For details on the underlying holdings of each ETF, including individual security allocations and country breakdowns, click on the ticker symbol in the following table.

Unlike an owner of the underlying security, a person can not hold a long position in a security futures contract for an extended period of time in the hope that the price will go up.

The Underlying Index, created by Dhandho, utilizes a proprietary, rules - based methodology to select approximately 100 U.S. equity securities, master limited partnerships («MLPs») and American depositary receipts listed on the NYSE, NYSE Arca and the NASDAQ Stock Market from three categories of issuers: Share Buybacks, Select Value Manager Holdings, and Spin - Offs.

Trading an ETF that primarily holds foreign securities during the trading hours of the underlying securities» local market (e.g., Europe, etc.) is preferred to the extent possible.

HXT uses a Total Return Swap structure that does not require purchasing of the underlying securities in the index, which cuts portfolio management costs relative to ETFs that physically replicate every holding in an index.

The fund may or may not hold all of the securities in the underlying index.

So this very small niche market is left to the very few investors that have narrow focused expertise with the underlying securities that the closed - end mutual fund holds.

This will make holding the underlying USD denominated security (like IVV) even more attractive than the currency hedged equivalent (XSP).

But unlike XIU, which invests in and holds the securities that make up the underlying index, HXT plans to use derivatives such as total return swap agreements to gain exposure to the index.

ETN investors do not own underlying securities and receive no dividends while holding an ETN.

The percentages of the Portfolio's assets allocated to each Underlying Fund are: Vanguard ® Total Bond Market II Index Fund 60 % Vanguard ® Total International Bond Index Fund 15 % Vanguard ® Institutional Total Stock Market Index Fund 17.5 % Vanguard ® Total International Stock Index Fund 7.5 % Through its ownership of the two bond funds, the Portfolio indirectly holds a mix of bonds — including government, government agency, corporate, securitized non-U.S. investment - grade fixed income investments and international dollar - denominated bonds, as well as mortgage - backed and asset - backed securities — that represents a wide spectrum of public, investment - grade, taxable, fixed income securities in the United States and abroad, all with maturities of more than 1 year.

The Fund may experience a loss even when the entire value of its stock portfolio is hedged if the returns of the stocks held by the Fund do not exceed the returns of the securities and financial instruments used to hedge, or if the exercise prices of the Fund's call and put options differ, so that the combined loss on these options during a market advance exceeds the gain on the underlying stock index.

The degree of credit risk for a particular security depends on the credit performance of the underlying loans, the structure of the security (that is, which classes of security are paid first, and which are paid later), and by the degree of over-collateralization (in which the face amount of the mortgage loans held as collateral exceeds the face amount of the RMBS or CMBS issued).

Unlike a mutual fund, where the underlying holdings are hidden, the client also sees each security they own, and trades throughout the month.

Because the Funds may invest in underlying ETFs that hold portfolio securities primarily listed on foreign exchanges, and these exchanges may trade on weekends or other days when the underlying ETFs do not price their shares, the value of some of a Fund's portfolio securities may change on days when you may not be able to buy or sell Fund shares.

Shares held by a Fund in excess of 1 % of an underlying fund's outstanding securities therefore, will be considered not readily marketable securities, which, together with other such securities, may not exceed 15 % of a Fund's total assets.

In such cases, a Fund may hold securities distributed by an underlying fund until the Adviser determines that it is appropriate to dispose of such securities.

Instead, the liquidity of an ETF is best measured by the underlying securities which it holds.

A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.