Examples of UIT in a sentence
LPL also receives additional payments from UIT sponsors, also known as volume concessions, based on LPL’s aggregate sales volume with the sponsor.
LPL receives a dealer concession from a unit investment trust (“UIT”) sponsor in connection with the Plan’s investment in a UIT, which may range from 1% to 3.5%.
Before purchasing any UIT, you should read and understand the information about the UIT contained in the offering docu- ments, including the prospectus, including the risks associated with such a product.
A UIT is a registered investment company that buys and holds a generally fixed portfolio of equities, bonds, or other securities or assets.
The maximum upfront sales charge paid typically ranges from 1.85% to 3.95%, and can depend on the length of the term of the UIT.