What are some of the features of UITs?
UITs may provide a convenient approach to investing. Some features of UITs include: • a mandatory termination date1 • diversification • daily liquidity2 • fully invested3 • known portfolio4 • no manager driven style drift 1 UITs may terminate early as described in the prospectus. 2 Redemptions will be at a price that may be more or less than the original price paid. 3 The trust may hold limited cash positions. 4 As of date of deposit.
