Unit Investment Trust
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A Unit Investment Trust (UIT) is a type of investment company that sells shares of a fixed, unmanaged pool of securities (stock and bonds) to investors. UITs differ from mutual funds in that they are not actively managed and securities are neither bought nor sold. The two types of UITs are stock trusts and bond trusts and can be either a regulated investment corporation (RIC) or a grantor trust. Income is produced and distributed via capital appreciation, dividend income, and fund/trust liquidation.
Regulated Investment Company
Available Positions Related to Unit Investment Trust: