Search Results for keywords:"net asset value"

Found 5 results

Search Results: keywords:"net asset value"

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  • 2020-29025 — Self-Regulatory Organizations; NYSE Arca, Inc.; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Reflect a Change in the Time of Calculation and Publication of the Wilshire Gold Index Applicable to Shares of the Wilshire wShares Enhanced Gold Trust
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    Type:Notice
    Citation:86 FR 159
    Reading Time:about 15 minutes

    The document discusses a rule change proposed by NYSE Arca, Inc., which aims to adjust the timing of when the Wilshire Gold Index is calculated and published. Specifically, the rule change proposes shifting the time from approximately 5:00 p.m. to approximately 7:00 p.m. Eastern Time. This change is due to certain licensing restrictions and will not impact investors during the trading day because the Trust's net asset value is determined at 4:00 p.m. The Securities and Exchange Commission has allowed the rule change to take effect immediately upon filing, as it does not pose significant regulatory issues or impact investor protection.

    Simple Explanation

    The document talks about a change in schedule for when a special gold index number is shared—from 5:00 p.m. to 7:00 p.m. This change won't bother people who trade gold stuff because the important value is still checked at 4:00 p.m.

  • 2020-29013 — Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940
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    Type:Notice
    Citation:86 FR 157
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) published a notice regarding two applicants, Premier Multi-Series VIT and SEI Insurance Products Trust, seeking orders to stop being classified as investment companies. Premier Multi-Series VIT made a final distribution to its shareholders on April 22, 2020, and incurred expenses of roughly $97,923 in this process. SEI Insurance Products Trust completed a similar process on September 28, 2020, costing around $21,512. Both companies filed official applications in 2020 to formalize their requests with the SEC.

    Simple Explanation

    The Securities and Exchange Commission (SEC) is sharing that two companies want to stop being called "investment companies" because they gave the money back to the people who put money in and then closed. They paid a lot of money to do this, but it's not clear why or how it was decided.

  • 2021-02269 — Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940
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    Type:Notice
    Citation:86 FR 8242
    Reading Time:about 4 minutes

    The Securities and Exchange Commission is considering applications from several investment companies seeking to deregister under the Investment Company Act of 1940 as they have stopped operations. These companies have either distributed their assets or transferred them to other funds, with some incurring liquidation or reorganization expenses, often covered by investment advisers or related parties. Various applications were filed or amended in 2020 and 2021, with the companies seeking orders to cease being recognized as investment companies. Some entities, like American Independence Funds Trust and Boston Income Portfolio, have requested official deregistration following the liquidation of their assets.

    Simple Explanation

    The Securities and Exchange Commission is looking at requests from some investment companies that want to stop being investment companies because they’ve closed down and given out their money to people. Sometimes they had to spend money to close down, and other times their helpers paid for it.

  • 2021-02775 — The RBB Fund, Inc., et al.
    Type:Notice
    Citation:86 FR 9117
    Reading Time:about 6 minutes

    The Securities and Exchange Commission has received an application from The RBB Fund, Inc., Red Gate Advisers, LLC, and Herald Investment Marketing, LLC for an exemption that would allow certain Shielded Alpha ETFs to issue and redeem shares only in large groups, permit trading at market prices rather than net asset value, and allow certain affiliated transactions. The goal is to align with a previous order's conditions to enable the operation of Shielded Alpha ETFs. A hearing request can be made before February 25, 2021, if there are concerns about the proposed exemptions.

    Simple Explanation

    The Securities and Exchange Commission got a letter from some money companies asking for special permission to let a new kind of money fund work like they asked, even if it breaks some rules, so people can buy and sell it differently. If anyone thinks this is a bad idea, they can say something before February 25, 2021.

  • 2025-04657 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Order Instituting Proceedings To Determine Whether To Approve or Disapprove a Proposed Rule Change To List and Trade Shares of the BondBloxx Private Credit Trust
    Type:Notice
    Citation:90 FR 13257
    Reading Time:about 18 minutes

    The Securities and Exchange Commission (SEC) is conducting proceedings to decide whether to approve or disapprove a proposed rule change by the Cboe BZX Exchange. This rule change involves listing and trading shares of the BondBloxx Private Credit Trust. The Trust aims to offer risk-adjusted returns through investments in a diversified portfolio of private credit assets like personal and small business loans. The proceedings allow for public comments and analysis on whether the rule aligns with rules preventing fraud and protecting investor interests.

    Simple Explanation

    The government is thinking about whether a new idea for people to buy a special kind of money-earning plan, called the BondBloxx Private Credit Trust, should be allowed. They want to make sure this idea keeps people's money safe and no one gets tricked.