Unit Investment Trust

GPTKB entity

Statements (37)
Predicate Object
gptkbp:instanceOf Investment vehicle
gptkbp:alsoKnownAs gptkb:UIT
gptkbp:characteristic finite life
fixed portfolio
passively managed
redeemable units
gptkbp:commonIn gptkb:United_States
gptkbp:contrastsWith gptkb:hedge_fund
closed-end fund
gptkbp:createdBy promoter
gptkbp:distributedBy income
principal
gptkbp:hasFeeType annual operating expenses
creation and development fee
organizational costs
sales charge
https://www.w3.org/2000/01/rdf-schema#label Unit Investment Trust
gptkbp:introducedIn 1940s
gptkbp:investedIn bonds
stocks
other securities
gptkbp:oversees trustee
gptkbp:portfolioIs generally unchanged
not actively managed
gptkbp:portfolioLiquidatedAt trust termination
gptkbp:regulates gptkb:Investment_Company_Act_of_1940
gptkb:U.S._Securities_and_Exchange_Commission
gptkbp:sells broker-dealers
gptkbp:sponsor gptkb:Invesco
gptkb:Guggenheim_Investments
gptkb:First_Trust
gptkbp:terminationPeriod typically 1-5 years
gptkbp:unitHoldersCan redeem units at NAV
gptkbp:unitHoldersHave proportional ownership
gptkbp:bfsParent gptkb:Invesco_QQQ_Trust
gptkb:asset_management_company
gptkbp:bfsLayer 6