Series 66: Exercise

Exercise

Fill in the blanks.

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. An advantage and disadvantage of investing in a UIT is that the portfolio _____.

6. UIT units must be sold with _____.

7. ETF investors do not have to pay a front- or back-end sales charge, but they do have to pay a(n) _____.

8. ETFs track an index,