Exercise

Fill in the Blanks

1. 1. A UIT sells units of securities also known as ___.
2. 2. The most well-known ETF is the Standard & Poor’s ___.
3. 3. The investment portfolios held by ETFs and other UITs are not actively managed, so the investor will have no ___.
4. 4. Non-traditional ETFs use ___ to generate profits.
5. 5. What is both an advantage and a disadvantage of investing in a UIT? The portfolio ___.
6. 6. UIT units must be sold with ___.
7. 7. ETFs do not have a front- or back-end sales charge, but the investor will have to pay ___.
8. 8. ETFs track an index, but imperfectly due to cash held, fund fees, and how liquid an asset or a market is; thus, a