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 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.
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.
Examples of Creation Unit in a sentence
The amount of shares constituting a Creation Unit for one Series or Class shall not affect the amount of shares constituting a Creation Unit for another Series or Class.
Pursuant to Article IV, Section 4, the Trustees shall have the unrestricted power to determine from time to time the number of Shares constituting a Creation Unit for each Series or Class thereof by written consent or by resolutions adopted at any regular or special meeting of the Trustees and may delegate such power to committees and officers as it deems appropriate.
More Definitions of Creation Unit
Creation Unit means a large block of a specified number of ETF Shares, as specified in the ETF Series’ prospectus. A Creation Unit is the minimum number of ETF Shares that may be created or redeemed at any one time.
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.