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Unit Investment TrustsA unit investment trust (UIT) is an investment that gives you the comfort of knowing what you own:
A UIT, also known as defined portfolio, is an investment in a fixed, fully invested portfolio of securities with a designated maturity date. Different types of portfolios may include fixed income investments to address principal preservation and current income, or equity investments to provide growth potential. Types of UITs:
Benefits of Investing in UITs:
An investment in any unmanaged UIT should be made with an understanding of the risks involved with owning common stocks, such as an economic recession and the possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of the stock market. If you are interested in learning more about investing in UITs or would like a copy of a prospectus, contact your Raymond James financial advisor today or use the office locator to find the office nearest you. A UIT prospectus contains specific information about risks relative to the types of securities in the portfolio, as well as costs and expenses associated with this type of investment. Read the prospectus carefully before you invest or send money. 1 Rollover discounts apply to purchases made with the proceeds of a terminated and/or liquidated UIT. Volume discounts (also known as breakpoints) apply to orders exceeding levels set in the prospectus. UITs are buy-and-hold-type alternatives and are not meant for short-term trading. Past performance is no guarantee of future results and the actual current performance of the portfolio may be lower or higher than the past or hypothetical performance of the strategy. Investors should note that diversification does not ensure a profit or guarantee against loss. |
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Mutual Fund, Annuities and UIT Disclosures
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