Creation Units. Shares of a Fund may only be purchased or redeemed by a Participant directly from the Trust, through the Distributor, in aggregations constituting one or more Creation Units. The number of Shares of a Fund constituting a Creation Unit will be stated in the Fund’s Prospectus.
Appears in 32 contracts
Sources: Authorized Participant Agreement (Federated Hermes ETF Trust), Authorized Participant Agreement (Federated Hermes ETF Trust), Authorized Participant Agreement (Federated Hermes ETF Trust)
Creation Units. Shares of a Fund may only be purchased or redeemed by a Participant directly from the Trust, through the Distributor, in aggregations constituting one or more a Creation UnitsUnit. The number of Shares of a Fund constituting a Creation Unit will be stated in the Prospectus of the Trust relating to that Fund’s Prospectus.
Appears in 10 contracts
Sources: Authorized Participant Agreement (Putnam ETF Trust), Transfer Agency and Service Agreement (Putnam ETF Trust), Authorized Participant Agreement (Franklin Templeton ETF Trust)