Sentences with phrase «underlying value of the fund»

But Claymore employs a market maker, or designated broker, to make sure the bid and ask spreads don't get too wide and still reflect the underlying value of the fund.

However, the sale price might not always reflect the underlying value of the fund's assets.

Not exact matches

Adaptive Portfolio accounts will be charged annual fees of 0.3 % of account value, plus the expense ratios of the underlying funds, for a peak of around 0.55 % for ETF - only funds and 0.8 % for hybrids.

The fund and the VelocityShares Daily Inverse VIX Short - Term ETN (XIV) lost roughly 95 % of their combined value last week when the underlying VIX more than doubled in a single day.

A bond fund with a longer average maturity will see its net asset value (NAV) react more dramatically to changes in interest rates as the prices of the underlying bonds in the portfolio increase or decline.

The GBTC trades like a closed - end - fund usually at a price that is substantially different than the value of the underlying asset, and does not possess the ability to create or redeem shares in the open market.

No matter which index you choose, the one thing all indexes have in common is that the value of the index fund will change proportionally to the underlying stocks contained in the index.

Oakmark International Fund: The percentages of hedge exposure for each foreign currency are calculated by dividing the market value of all same - currency forward contracts by the market value of the underlying equity exposure to that currency.

While many of our peers have launched private investment funds to capitalize on the start - up trend, we will be sticking to our knitting — investing in companies that we understand and can reasonably predict and that are trading at a meaningful discount to their underlying business value.

Oakmark Global Fund: The percentages of hedge exposure for each foreign currency are calculated by dividing the market value of all same - currency forward contracts by the market value of the underlying equity exposure to that currency.

If a lot of people invest in vanguard life strategy is there not a danger that the underlying share / funds will be over valued.

But it's important to note that it's difficult to compare venture capital and ICOs by dollars raised, as ICO dollar amounts vary widely by market conditions as well as the value of the underlying currency it accepted as funds.

This is in contrast to other mutual funds that tend to trade based on the net asset value of the underlying certificate.

Furthermore, closed - end funds can (and often do) trade at prices that are disconnected from the underlying value of their investments.

However, they are generally equally or more secure when compared to stable value funds as their underlying investments are in large part made up of U.S. government securities.

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.

This means that the value of the underlying positions represented by options is not expected to exceed 50 % of the value of the Fund's net assets at the time of investment.

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

An inverse ETF is an exchange - traded fund (ETF) constructed by using various derivatives for the purpose of profiting from a decline in the value of an underlying benchmark.

Most of the large tracking error in the Vanguard MSCI U.S. Broad Market (VUS) was likely the result of currency hedging, but its annual report also cites «differences between the market price and net asset value of the underlying US domiciled Vanguard funds in which the ETF invests.»

Mutual fund share value, known as net asset value NAV, is calculated and announced once at the end of the trading day based on share prices of a portfolio's underlying securities.

Using the previous example, the Fund's actual average trading impact of 0.18 % versus mid-market prices would be about 3 cents on an option valued at 14.50, and would represent about 0.005 % based on the notional value of that underlying index.

By contrast, ETF investors typically can not measure their trading costs because they don't have access to a reliable measure of underlying fund value at the time of trade execution.

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.

The shares of the Spain Fund, Inc., a closed - end mutual fund investing in publicly traded Spanish securities, were bid up in price from approximately net asset value (NAV)-- the combined market value of the underlying investments divided by the number of shares outstanding — to more than twice that leFund, Inc., a closed - end mutual fund investing in publicly traded Spanish securities, were bid up in price from approximately net asset value (NAV)-- the combined market value of the underlying investments divided by the number of shares outstanding — to more than twice that lefund investing in publicly traded Spanish securities, were bid up in price from approximately net asset value (NAV)-- the combined market value of the underlying investments divided by the number of shares outstanding — to more than twice that level.

Although short - term bond funds can lose value if interest rates rise, they're less risky than long - term bond funds because of the short duration of their underlying bonds.

The Spain Fund priced at twice net asset value was another example of trading sardines; the only possible reason for buying the Spain Fund rather than the underlying securities was the belief that its shares would appreciate to an even more overpriced level.

Investors should understand that because of the complex financial methods used by commodities funds, they may have more risk than simply the value of the underlying assets.

This means the net asset value of the fund is going up at the same pace as the value of the dividends plus the capital gains of the underlying stocks.

The last three trade close to the value of their underlying assets, but the PIMCO fund regularly trades at a 50 % premium to net asset value.

Variable Life Insurance (VUL) provides the flexibility of Universal Life, but also the potential to increase your cash value by allocating your money into various sub-accounts that invest directly in the underlying asset class, similar to mutual funds.

But while an ETF's NAV is the best estimate of that fund's underlying value, it's still just an estimate — especially for bonds.

Although the mutual fund might have a tame 10 % return for the year, one of the underlying stocks in the fund might have doubled and two others lost 50 % of their value during the year.

Mutual funds are typically purchased from and sold back to the investment company and priced at the end of the trading day, with the price determined by the net asset value (NAV) of the underlying securities.

The initial Margin is used to cover the purchase, the maintenance margin is used to ask additional funds in case the value of the underlying equity changes drastically before settlement.

However, the 5 % bonus does not actually increase the value of your underlying fund; it just increases the amount you can withdraw after you retire.

«As of that date, institutional prime money - market funds will be required to float their net asset value, based on the market value of the underlying investments,» he warns.

The value of these holdings will evolve over time — given performance differences in the underlying funds — and the investor or plan sponsor will eventually face the challenge of finding an effective rebalancing methodology.

The performance and market values of an account containing Vanguard or Dimensional underlying funds include the deduction of any underlying fund expense ratios.)

A bond mutual fund's share price is always exactly its net asset value, or the value of the underlying securities in its portfolio.

Variable Life Insurance: A variation of permanent life insurance that offers cash values that fluctuate based on the performance of the underlying mutual funds in the investment account.

On the other hand, thanks to the arbitrage mechanism that all ETFs have and similar to open - end mutual fund valuation, the value of an ETF as traded stays very close to the net asset value of the underlying securities in the ETF, with a spread of around 1 % if any.

Another problem with ETFs is they can trade at a premium above the underlying market value of the securities contained in the fund, and at other times they can trade at a discount.

Because all NextShares trading prices are based on end - of - day NAV, it makes no difference to a NextShares market maker whether the fund's underlying value goes up or down over the course of the day.

The fund seeks investment results that generally correspond to the performance of the underlying index that aims to identify companies that have strong quality scores relative to their peers, while also looking at the value scores of the securities to avoid those quality companies that are potentially over-priced.

Intraday Indicative Value (IIV): The IIV is an estimate of the real - time value of the Fund's underlying holdings based on current market prices and should not be viewed as a projection of NAV, which is determined at the end of theValue (IIV): The IIV is an estimate of the real - time value of the Fund's underlying holdings based on current market prices and should not be viewed as a projection of NAV, which is determined at the end of thevalue of the Fund's underlying holdings based on current market prices and should not be viewed as a projection of NAV, which is determined at the end of the day.

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.

If market makers can not arbitrage differences between an ETF's price and underlying value and can not effectively hedge their intraday fund positions, the ETF can not be expected to trade within a consistently narrow range of underlying value.

Third, in the case of either actively managed funds or index funds, it can be evidence that increases in common stock prices have outpaced increases in underlying corporate values.

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.