Rebalance Date definition
Examples of Rebalance Date in a sentence
Asset Performance The "Asset Performance" on an Observation Date is the sum of the change in the value of each Reference Fund in the Reference Fund Basket from the Rebalance Date preceding such Observation Date to such Observation Date, multiplied by the then economic exposure to such Reference Fund in the Reference Fund Basket as determined on the last Rebalance Date.
The Leveraged Index on any subsequent Observation Date (including any Valuation Date) is calculated as follows: (a) the Leveraged Index on the Rebalance Date preceding such Observation Date; (b) PLUS the Asset Performance; (c) MINUS the change in the Cash Account from the Rebalance Date preceding such Observation Date (which shall include adjustment for financing costs); and (d) MINUS the Coupon.
The reference interest rate is calculated as the 3-month EURIBOR interest rate as recorded at the start of each financing period (being the last Rebalance Date) plus a financing spread of 1.15 per cent, applied to the value of the Cash Account at the last Rebalance Date.
On a Rebalance Date, the number of notional Units of each of the Reference Funds is adjusted, such that the targeted exposure to the equally weighted basket of Reference Funds is re-set to 125 per cent.
This act of rebalancing will take place on each Rebalance Date, being each day which is: (a) a Coupon Payment Date; or (b) an Observation Date: (i) which is not a Disrupted Day in respect of all the Reference Funds in the Reference Fund Basket; (ii) where the previous Observation Date was not a Rebalance Date; and (iii) where one or more of the following applies: (A) 90 days have elapsed since the last Rebalance Date; or (B) the effective leverage is greater than 135 per cent.
In order to maintain the leverage at the target level of 125 per cent., the exposure to each Reference Fund in the Reference Fund Basket rebalances where either of the following apply (subject to certain restrictions): (i) 90 days have elapsed since the last Rebalance Date or (ii) the effective leverage is greater than 135 per cent.
Please select one: ❏ Quarterly (each calendar quarter) ❏ Semi-Annual (each June and December) ❏ Annual (each December) ❏ Annual (on First Rebalance Date) Range % – Please select one: ❏ 3.0 ❏ 5.0 ❏ 7.0 ❏ 10.0 I (we) hereby agree to participate in the Fiera Investments Custom Portfolio Service (the “Service”) as described in this Agreement.
Fiera Investments is hereby instructed to rebalance the Funds in your account on each Rebalance Date (based on the frequency you selected) when the weightings attributable to any Fund on the Rebalance Date differ by an amount equal to or greater than the rebalancing range selected by you and set forth in this Agreement (or any subsequent amendment to this Agreement).
In order to maintain the leverage at the target level of 150 per cent., the exposure to each Reference Fund in the Reference Fund Basket rebalances where either of the following apply (subject to certain restrictions): (i) 90 days have elapsed since the last Rebalance Date or (ii) the effective leverage is greater than 160 per cent.
The Representative’s directions from the Trust on each Rebalance Date and on any date on which the Representative is effecting Creation, Redemptions, and other transactions in the Trust interests shall be based on Index calculations and Trust holdings as communicated by the Index Calculation Agent and the Administrator to the Trust (the “Instructions”).