Creation Unit means an aggregation of a specified number of Shares as stated in the Prospectus for the applicable Fund.
Creation Unit means an aggregation of a specified number of Fund shares that is purchased and/or redeemed by an Authorized Participant as described in the Fund’s Prospectus and Statement of Additional Information and in accordance with any terms and procedures set forth in the Distributor’s AP Handbook and/or related procedures.
Creation Unit means an aggregation of 10,000 Shares that the Fund issues and redeems on a continuous basis at NAV. Shares will not be issued or redeemed except in Creation Units.
Examples of Creation Unit in a sentence
All Shares of the Trust shall be redeemable at the redemption price determined in the manner set out in this Declaration, provided however that if the Trustees determine, pursuant to Section 4.2 hereof to issue Shares of any Series or Class in Creation Units, then only Shares of such Series or Class aggregating a Creation Unit shall be redeemable hereunder, and unless the Trustees otherwise determine, there shall be no redemption of partial or fractional Creation Units.
More Definitions of Creation Unit
Creation Unit means a large block of a specified number of ETF Shares that makes up one unit of the ETF Series, as specified in the Prospectus. A Creation Unit is the minimum number of ETF Shares that may be created or redeemed at any one time. Custodian: means X.X. Xxxxxx acting in the capacity as securities custodian for the Trust.
Creation Unit has the meaning set forth in Article III, Section 3;
Creation Unit has the meaning assigned in Section 2.2 hereof.
Creation Unit means a large block of a specified number of Shares, as specified in the Prospectus. A Creation Unit is the minimum number of Shares that may be created or redeemed at any one time.
Creation Unit shall have the meaning set forth in Section 7.4(a) of this Declaration of Trust.
Creation Unit means the minimum number of Shares of a Fund that may be created at any one time, which shall be 50,000 or such greater or lesser number as the Sponsor may determine from time to time for each Fund.
Creation Unit means an aggregation of a specified number of Shares of a Series, as specified in the applicable Prospectus.