creation request date and the net asset value per Creation Unit calculated by the asset manager after close of asset management on the Fund creation request date. ¾ Payment Date: An Investor must pay the Balancing Amount to the Authorized Participant no later than three business days from and including the Fund creation request date. ¾ Causes of the Balancing Amount: Because the paid-in assets for the portfolio announced by the asset manager on the Fund creation request date is based on the closing price of the immediately preceding day, any dividend payment or changes in the Fund assets that may occur on the Fund creation request date is not reflected.
Measures to minimize the Balancing Amount
The Balancing Amount may likely act as unexpected, additional cost to the investors
creating the KODEX 200 exchange traded fund.
Therefore, Samsung Investment
Trust Management Co., Ltd. employs the following measures to minimize the Balancing
Amount. will arise:
However, this is not to be construed as a guarantee that no Balance Amount
Reflect cash dividends from the underlying shares of the Fund in the Portfolio Deposit File as of the preceding day.
Reflect the re-balancing the preceding day.
Creation of the Fund
The Fund is created by the Authorized Participant making a request for initial or additional creation of the Fund to the asset manager and by converting the paid-in assets paid by the investors, either directly or through the distributor, into assets that constitute the Portfolio Deposit File and then deposit them with the trustee on behalf of the asset manager.
Effect of the Creation Request
Requests for the creation of the Fund may be Requests for creation after that time are immediately following business day.
made until 3:30 p.m. each business deemed to have been made on
Creation of the Fund becomes effective not asset manager’s approval of the creation.
Cancellation of a request for creation of the Fund is possible until 3:30 p.m. of the day
on which the request was made.
Any cancellation after that time is void.
B. If the investor pays, or has agreed in advance to pay, the paid-in assets to the Authorized Participant, the investor must pay the paid-in assets (i.e., in-kind securities and cash), representing the Portfolio Deposit File as announced by the asset manager on the creation request date, by the third business day from the day of request of creation of the Fund, except where the paid-in assets represent the Portfolio Deposit File at 95% or more (based on the asset value) and the asset manager has given its approval.