Which of the Following Characteristics Apply to Unit Investment Trusts

question 15

Multiple Choice

Which of the following characteristics apply to unit investment trusts? I) Most are invested in fixed-income portfolios.II) They are actively-managed portfolios.III) The sponsor pools securities, then sells public shares in the trust.IV) The portfolio is fixed for the life of the fund.

• A) I and IV
• B) I and II
• C) I, III, and IV
• D) I, II, and III
• E) I, II, III, and IV

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Property Owner

An individual or entity that legally owns land, buildings, or both, holding rights to use, rent, sell, or manage the property as they see fit.

Conduct

The manner in which a person behaves, especially in a particular place or situation.

Standard of Care

The degree of prudence and caution required of an individual who is under a duty of care, measured against what a reasonable person would do in similar circumstances.

Particular Expertise

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