Exercise

Answer the following questions.

1. 1. A UIT sells units of securities also known as _____.
2. 2. The most well-known ETF is the _____.
3. 3. The investment portfolios held by ETFs and other UITs are not actively managed, so the investor will have no _____.
4. 4. Nontraditional 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