Equity Futures definition
Examples of Equity Futures in a sentence
The Equity Component of the Fund shall consist of a portfolio of Permitted Equity Securities, Permitted Equity Futures, Permitted Equity Options, and, solely for the purposes contemplated by Section 3.07, U.S. Government Securities, Cash Equivalents and/or Cash (collectively, "Permitted Equity Investments").
For this purpose, Net Short Equity Futures Position is either (i) zero if the sum of the products of (x) Notional Value and (y) Delta for each Equity Future and Synthetic Future is a positive number, or (ii) if such sum is a negative number, the absolute value of such negative number.
The Equity Component of the Fund shall consist of a portfolio of Permitted Equity Securities, Permitted Equity Futures, Permitted Equity Options, the Trust's Money Market Fund and, solely for the purposes contemplated by Section 3.07, U.S. Government Securities, Cash Equivalents and/or Cash (collectively, "Permitted Equity Investments").
The Equity Component of the Fund shall consist of a portfolio of Permitted Equity Securities, Permitted Equity Futures, Permitted Equity Options, Master Fund shares as contemplated by SECTION 3.11 and, solely for the purposes contemplated by SECTION 3.07, U.S. Government Securities, Cash Equivalents and/or Cash (collectively, "PERMITTED EQUITY INVESTMENTS").
The aggregate Notional Value of all long Equity Futures and all long Synthetic Futures shall not exceed 30% of the Market Value of the Equity Portfolio.
The Equity Component of the Fund shall consist of a portfolio of Permitted Equity Securities; Permitted Equity Futures; Permitted Equity Options; and Master Fund shares as contemplated by Section 3.11; and, solely for the purposes contemplated by Section 3.07, U.S. Government Securities, Cash Equivalents and/or Cash (collectively, "Permitted Equity Investments").
The following amount shall not exceed the Market Value of the Equity Securities Portfolio: (i) the sum of (x) the aggregate Notional Value of all long Equity Futures and all long Synthetic Futures plus (y) the aggregate Notional Value of all long Equity Calls, minus (ii) the sum of (a) the aggregate Notional Value of all short Equity Futures and all short Synthetic Futures, plus (b) the aggregate Notional Value of all short Equity Calls, plus (c) the aggregate Notional Value of all Protective Puts.
The sum of (x) the Net Short Equity Futures Position and (y) the sum of the Notional Values of all Covered Calls shall not exceed 25% of the Market Value of the Equity Securities Portfolio.
For the avoidance of doubt, (i) Equity Futures are not considered Unclassified Equity Securities; and (ii) Equity Securities that are classified by the Sector Classification System as "Other" shall be classified as "Other" and not as Unclassified Equity Securities.