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Unit Investment Trust
An investment company that offers a fixed portfolio of stocks, bonds, or other securities, which is typically unmanaged, to investors for a specific period of time.
Fixed Portfolio
An investment strategy where the asset allocation is set for the long term and is not adjusted in response to market conditions.
Mutual Fund
An investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities.
Management Fees
Charges levied by an investment manager for managing an investment fund's holdings.
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