SIE practice questionmediumUITs
Compared to mutual funds, UITs differ in that they:
- AAre typically not actively managed✓ Correct answer
- BOffer voting rights to shareholders
- CTrade continuously on an exchange
- DCharge only a back-end sales load
Explanation
Why A — Are typically not actively managed
A is correct; UITs have a static portfolio. B is false—UITs commonly do not offer voting rights. C and D are not characteristics of UITs.
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