Search Results for keywords:"Creation Baskets"

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Search Results: keywords:"Creation Baskets"

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  • 2021-00957 — Invesco Capital Management LLC, et al.
    Type:Notice
    Citation:86 FR 5302
    Reading Time:about 9 minutes

    The Securities and Exchange Commission (SEC) has received an application from Invesco Capital Management LLC and related entities to amend a previous order that allowed them certain exemptions for actively-managed exchange-traded funds (ETFs). The amendment seeks to provide more flexibility in the creation of "Creation Baskets," which are the collections of securities used to buy and sell ETF shares. Specifically, Invesco wants to include different securities or different weightings in these baskets compared to what the current Substitute Basket holds. The aim is to improve efficiency, reduce costs, and better manage the funds, provided that these changes do not harm the funds or their investors. The SEC will grant the exemption unless a hearing is requested by February 8, 2021.

    Simple Explanation

    The SEC is looking at a request from Invesco to change some rules about how they put together packages of stuff (called baskets) used to buy and sell pieces of their money funds (ETFs). They want to make these baskets more flexible so it costs less and works better, as long as it doesn't hurt the people who invest their money in these funds.

  • 2021-03086 — Blue Tractor ETF Trust and Blue Tractor Group, LLC
    Type:Notice
    Citation:86 FR 9976
    Reading Time:about 10 minutes

    The Securities and Exchange Commission is reviewing a request from the Blue Tractor ETF Trust and Blue Tractor Group, LLC to amend a prior exemption order. This change would permit the funds to use "Creation Baskets" that may contain different instruments or weightings compared to their current portfolios. The purpose is to offer greater flexibility, reduce costs, and improve efficiency, without disadvantaging shareholders or compromising regulatory compliance. The commission will issue the ruling unless a hearing is requested by March 8, 2021.

    Simple Explanation

    The Securities and Exchange Commission is looking at a request from a group who manages some special funds; they want to change the rules to allow more flexibility in how they pick the items that go into their baskets of investments, which they say will help them save money and work better, without breaking any rules. People can speak up if they have any concerns by March 8, 2021.

  • 2021-00961 — Natixis ETF Trust II, et al.
    Type:Notice
    Citation:86 FR 5300
    Reading Time:about 10 minutes

    The Securities and Exchange Commission (SEC) has received an application to amend a previous order regarding exchange-traded funds (ETFs) managed by Natixis Advisors, L.P. The application seeks to allow these funds more flexibility in the composition of "Creation Baskets," which are collections of securities that investors can use to create or redeem shares in the fund. This change would enable ETFs to include securities not listed in their Proxy Portfolio, with the goal of reducing costs and improving efficiency without negatively affecting the funds or their shareholders. The SEC will grant the order unless a hearing on the application is requested.

    Simple Explanation

    The government is thinking about changing the rules for some special boxes of toys (called "Creation Baskets") that people use to trade and share in a money game. These new rules would let the toy boxes include different toys than before, which might make playing the game cheaper and more fun for everyone.