Unit trust

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UITs hold a variety of securities. Each UIT may have different investment objectives, strategies, and investment portfolios. They also can be subject to different risks and fees and expenses. Fees reduce returns on fund investments and are an important factor that investors should consider when buying shares. Unit investment trust Raymond James wants to ensure that you are investing in the products that best suit your financial situation, investment objectives, risk tolerance, time horizon, diversification and liquidity needs. This guide will help you better understand the features, costs and risks associated with unit investment trusts (UITs).

Unit trust business structure

A UIT invests the money raised from many investors in its one-time public offering in a generally fixed portfolio of stocks, bonds or other securities. Sign up for Investor Updates Unit holders are subject to taxes on their investments. Investors may realize a taxable gain or loss on their federal tax returns if units are redeemed at or prior to the termination of the trust. Dividends, interest and/or capital distributions are also subject to taxes. Dividends will fluctuate and are not guaranteed. If the unit holder elects to reinvest redemption proceeds into another UIT, it is considered a taxable event, and the unit holder will realize any gain or loss and wash sale provisions may apply. For more information regarding alternative minimum tax, nonresident aliens, or state or foreign withholdings, please read the prospectus and/or contact a tax advisor or attorney.

Legal status and documentsEdit

In the UK there are generally two types of open-ended, actively managed investment companies: Open-endedEdit Read a prospectus and summary prospectus (if available) carefully before investing. It contains the investment objective, risks charges, expenses and the other information, which should be considered carefully before investing. To obtain a prospectus and summary prospectus (if available) click here or call 800.820.0888.

Unit investment trust fund

Fund Description Raymond James Accolades UITs raise money by selling shares known as "units" to investors, typically in a one-time public offering. Each unit represents an ownership slice of the trust and gives the investor a proportional right to income and capital gains generated by the fund's investments, typically either stocks or bonds.