Unit Investment Trusts definition

Unit Investment Trusts or "UIT" means investment companies regulated primarily under Sections 4 and 26 of the 40 Act that are invested primarily in municipal securities or securities of domestic corporations and which have greater than $100,000,000.00 in total assets under management and a FMV greater than or equal to $4.00 per share. Leveraged and inverse or "bear market" funds, non-networked funds, funds invested primarily in private equity, private placements, limited partnership interests, or venture capital enterprise, funds organized under the laws of, and/or operated from within, countries other than the United States of America, and face-amount certificate and management companies are not included in this definition.
Sample 1
Unit Investment Trusts or “UIT” means investment companies regulated primarily under Sections 4 and 26 of the 40 Act that are invested primarily in municipal securities or securities of domestic corporations and which have greater than $100,000,000.00 in total assets under management and a FMV greater than or equal to $4.00 per share. Leveraged and inverse or “bear market” funds, non-networked funds, funds invested primarily in private equity, private placements, limited partnership interests, or venture capital enterprise, funds organized under the laws of, and/or operated from within, countries other than the United States of America, and face-amount certificate and management companies are not included in this definition.
Sample 1
Unit Investment Trusts or “UIT” means investment companies regulated primarily under Sections 4 and 26 of the Investment Company Act of 1940 that are invested primarily in municipal securities or securities of domestic corporations and which have greater than $100,000,000.00 in total assets under management arid a fair market value greater than or equal to $4.00 per share. Leveraged and inverse or “bear market” funds, non-networked funds, funds invested primarily in private equity, private placements, limited partnership interests, or venture capital enterprise, funds organized under the laws of, and/or operated from within, countries other than the United States of America, and face-amount certificate and management companies are not included in the term in this context.
Sample 1

Examples of Unit Investment Trusts in a sentence

  • With respect to Guggenheim Funds Unit Investment Trusts, no Access Person shall engage in a personal securities transaction within seven (7) calendar days of the security being purchased for the initial deposit of a trust.

  • With respect to Destra Unit Investment Trusts, no Access Person shall engage in a personal securities transaction within seven (7) calendar days of the security being purchased for the initial deposit of a trust.

  • Note: All purchases and sales of Claymore sponsored Unit Investment Trusts must be pre-cleared.

  • Note: All purchases and sales of Destra sponsored Unit Investment Trusts must be pre-cleared.

  • With respect to Claymore Unit Investment Trusts, no Access Person shall engage in a personal securities transaction within 7 days of the security being purchased for the initial deposit of a trust.

  • The Eaton Vance Entities, the Eaton Vance Funds and the Eaton Vance Unit Investment Trusts do not waive any applicable privileges or the right to continue to protect privileged attorney-client information, attorney work product, and other privileged information.

  • Exchange Traded Funds (ETFs) Exchange Traded Funds, iShares, and Unit Investment Trusts.

  • Historically, the first ETFs were initially designed as Unit Investment Trusts (UIT) for simplicity and cost-saving reasons (Gastineau, 2002).

  • These products are organized as either Unit Investment Trusts or Management Investment Companies.

  • Please refer to the Compliance Department Intranet Web Page for a current listing of Clients.Client Funds – The term “Client Funds” as used within this Code, refers to any funds (open-end, closed-end, Exchange-Traded Funds, Unit Investment Trusts) of ALPS’ Clients.


More Definitions of Unit Investment Trusts

Unit Investment Trusts means investment companies regulated primarily under Sections 4 and 26 of the Investment Company Act of 1940 that are invested primarily in municipal securities or securities of domestic corporations and which have greater than $100,000,000.00 in total assets under management and a fair market value greater than or equal to $4.00 per share. Leveraged and inverse or “bear market” funds, non-networked funds,
Sample 1

Related to Unit Investment Trusts

  • Virginia real estate investment trust means a real estate investment trust, as defined in 26 U.S.C.

  • Citigroup Trust means each of Citigroup Capital III, Citigroup Capital XIII and Citigroup Capital XVIII, each a Delaware statutory trust, or any other similar trust created for the purpose of issuing preferred securities in connection with the issuances of junior subordinated notes under the junior subordinated debt indentures or the junior junior subordinated debt indenture.

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.