Unit Investment Trust (UIT)
investment vehicle registered with the Securities and Exchange Commission under the investment company act of 1940 , that purchases a fixed portfolio of securities, such as corporate, municipal or government bonds, ...
Unit Investment Trust
A structure used by some ETFs.
One important difference between this format and the open-end fund format is that the latter allows ETFs to reinvest dividends immediately, while the former does not.
Unit investment trusts (UITs) are companies that are registered to make investments on behalf of their clients. They buy and hold a portfolio of stocks and bonds, which they then sell to investors. These portfolios are known as 'units.
Unit Investment Trust (UIT). A trust registered with the SEC under the Investment Company Act of 1940 in which a fixed portfolio of income-producing securities are purchased and held to maturity.
Unit Investment Trust
A package of investments, usually bonds, sold to investors as a unit which is a fractional ownership of the total package.
Unit investment trust
Money invested in a portfolio whose composition is fixed for the life of the fund.
Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium above net asset value.
Unit Investment Trust
An investment company organized under a trust indenture that sells interest in its portfolio in terms of redeemable securities.
Unit Trust ...
Unit investment trust (UIT)
A UIT may be a fixed portfolio of bonds with specific maturity dates, a portfolio of income-producing stocks, or a portfolio of all of the securities included in a particular index.
UNIT INVESTMENT TRUST " A type of investment company in which a portfolio is purchased and held with little or no change to the investments. Commonly used with municipal bond investments.
Unit investment trust
Investment funds created with a fixed portfolio of investments that never changes over the life of the trust. They are created by brokerage houses, and are liquidated as investments within the trust are paid off.
UNIT INVESTMENT TRUST: An unmanaged form of investment company, typically holding fixed-income securities, offering investors diversification and minimum operating costs.
Unit Investment Trust
A mutual fund of a fixed number (20 to 30) of different issues in a portfolio placed in a trust.
Unit investment trust (UIT). Unit trusts are sold by brokerage houses, which assemble portfolios, usually of bonds or mortgage-backed securities, and sell off pieces (called unites) to investors.
unit investment trust (UIT): A collection of securities, similar to a mutual fund, traded on an exchange, such as SPDR.
uptick: An increase in the price of a security in the latest sale compared to the previous sale.
Unit Investment Trust (UIT): An unmanaged portfolio of professionally selected securities held for a specified period of time.
UIT (Unit Investment Trust)
A trust, registered with the SEC under the Investment Company Act of 1940, in which a fixed portfolio of income-producing securities are purchased and held to maturity.
Fixed-unit investment trust: A trust that buys a fixed portfolio of securities (usually municipal bonds) and sells that portfolio to investors in units. Each unit represents an undivided interest in the portfolio.
Unit investment trust (UIT): An investment company that invests in a professionally selected portfolio of bonds and/or stocks.
Unit Investment Trust - Is an investment vehicle which is funded at the beginning and once investments are acquired acts like a liquidating investment. For example, corporate bonds, sovereign bonds, or mortgage backed securities would be acquired.
Unit investment trusts, face amount certificate offices, and closed-end management investment trusts (SIC 6726) (industry)
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Unit investment trust (UIT)
A UIT is generally a fixed portfolio of bonds with specific maturity dates, of income-producing stocks, or, in some cases, of all of the securities included in a particular index.
unit investment trust
A company that purchases securities (usually fixed income) and sells shares representing proportional interest in the portfolio of those securities. The trust is liquidated when the securities mature.
Unit Investment Trust - UIT
An investment company that offers a fixed, unmanaged portfolio, generally of stocks and bonds, as redeemable "units" to investors for a specific period of time.
A unit investment trust consisting of a fixed portfolio of securities, including blue chips, REITs, or high-yielding stocks on a major exchange such as the NYSE or FTSE.
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Personal Finance Glossary ...
A unit investment trust that buys and holds for one year the ten stocks in the Dow Jones Industrial Average with the highest dividend yields.
Selective hedging ...
Fixed trust
A unit investment trust consisting of securities that were agreed upon at the time of investment and do not change.
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Select ten portfolio A unit investment trust that buys and holds for one year the ten stocks in the Dow Jones Industrial Average with the highest dividend yields.
Defined asset fund A unit investment trust consisting of a fixed portfolio of securities, including blue chips, REITs, or high-yielding stocks on a major exchange such as the NYSE or FTSE.
Corporate income fund (CIF) A unit investment trust featuring a fixed portfolio of high-grade securities and other investments, usually with monthly distribution of income.
fixed investment trust See unit investment trust. Also known as unit investment trust or participating trust or fixed investment trust. fixed premium Periodic, equal-sized payments made to an insurance firm for an insurance policy or annuity.
Jensen’s alphas is "risk-adjusted" performance index and measures the increased return or extra-return that a unit investment trust has achieved compared to the expected return based on its systematic level of risk1.
DIAMONDS represent units of beneficial ownership in the DIAMONDS Trust, a unit investment trust holding a portfolio of the 30 stocks that comprise the Dow Jones Industrial Average (Dow or DJIA). DIAMONDS closely track (before expenses) the DJIA.
Unit Investment Trust (UIT) Self-liquidating, passive investment companies. They purchase specific investments, hold them for a specific time, then pay out income and principal.
through its subsidiaries, provides post-trade clearance, settlement, custody and information services for equities, corporate and municipal debt, money market instruments, American depositary receipts, exchange-traded funds, unit investment trusts, ...
The ETFs are structured as unit investment trusts against certain security assets on which shareholders receive creation units. Unlike mutual funds the exchange traded funds allow shares to be bought and sold throughout the trading day.
DIAMONDS - A DIAMOND is an index-based unit investment trust (UIT) that holds the 30 stocks in the Dow ...
DIDC - see Depository Institutions Deregulation Committee.
DIDRA - Depository Institutions Disaster Relief Act of 1992 ...
ACCUMULATION ACCOUNT - An account established by the sponsor of a unit investment trust into which securities purchased for the portfolio of the trust are placed until the trust is formally created and the securities are deposited into the trust.
The MER is the percentage of the value of the assets of an investment company (eg mutual fund, closed-end fund, unit investment trusts), that is deducted by the fund manager to cover the costs of managing the fund.
Diamonds definition :
Units of interest in the diamonds trust, a unit investment trust that serves as an index to the Dow Jones Industrial Average in that its holdings consist of the 30 component stocks of the Dow.
TSCTrade.com ...
Dividends, interest, or royalties from units of beneficial interest in a unit investment trust that are (or were upon issuance) publicly offered and are registered with the SEC under the Securities Act of 1933.
When you buy SPDRs - pronounced spiders - you're buying shares in a unit investment trust (UIT) that owns a portfolio of stocks included in Standard & Poor's 500-stock Index (S&P 500).
Municipal Investment Trust (MIT)
A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free.
Founded in 1940, its membership includes over 8,200 mutual funds and nearly 500 closed-end funds, as well as sponsors of unit investment trusts.
Diamonds - 1. An extremely hard gemstone used mainly for jewelry, tools and as an investment in precious stones.
2. The informal term for an index-based unit investment trust, known formally as Diamonds Trust Series 1.
They are similar to closed-end funds but are formally known as, UIT, a unit investment trust. One SPDR unit is valued at approximately one tenth (1/10) of the value of the S&P 500.
allows for the advisor to recommend more volatile investments with potentially greater risks and rewards. Such investments include direct investment in stocks or through collective investment products such as mutual funds and unit investment ...
The fund can be open-end fund with unlimited numbers of shares, sold and redeemed through the company, or closed end where they only create a specific number of shares and trade over on a stock exchange. Unit investment trusts that have limited ...
Unit investment trust Investment company that buys a fixed portfolio of stocks, bonds or other securities. Unit holders receive interest in both the principal and income of the portfolio in proportion to the amount they have invested.
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