Packaged Products Flashcards
(4 cards)
1
Q
Unit Investment Trust (UIT)
A
Issues shares of beneficial interest representing an undivided interest of a unit of the trust’s portfolio
2
Q
Net Asset Value (NAV)
A
Computed daily, the underlying securities are marked to market
3
Q
Rights of Accumulation (ROA)
A
Reduced sales charge using the same schedule as breakpoints; based on subsequent fund purchases
4
Q
Contingent Deferred Sales Charge (CDSC)
A
Charges fee when shares are redeemed. Longer it goes without being redeemed, the lower the charge
