Do UITs have a sales charge?
There are characteristically two components of the UIT sales charge: the transactional sales fee and the creation and development (“C&D”) fee. The transactional sales fee typically has both an initial and a deferred component and is a percentage of the Public Offering Price.* The C&D fee is paid to the sponsor of the trust for creating and developing the trust, which includes determining the trust objective, policies, composition and size, selecting service providers and information services as well as providing other similar administrative and ministerial functions. Your trust pays the creation and development fee as a fixed dollar amount at the close of the initial offering period. The sponsor does not use the fee to pay distribution expenses or as compensation for sales efforts. *For unit prices other than $10, percentages of initial and deferred sales charges will vary. Early redemption of units will still cause payment of the deferred sales charge. Please refer to each trust’s pro
