Exercise

Answer the following questions.

1. A UIT sells units of securities also known as _____.

2. The most well-known ETF is the Standard & Poor’s _____.

3. The investment portfolios held by ETFs and other UITs are not actively managed, so the investor will have no _____.

4. Non-traditional ETFs use _____ to generate profits.

5. What is both an advantage and a disadvantage of investing in a UIT? The portfolio_____.

6. UIT units must be sold with _____.

7. ETFs do not have a front- or back-end sales charge, but the investor will have to pay _____.

8. ETFs track an index, but imperfectl