If you’re looking for the advantages of diversification and a regular income stream without the expense of a comparable portfolio of individual securities, consider Unit Investment Trusts (UITs).
A UIT is a fixed securities portfolio sold in a limited number of units, generally to investors who wish to receive regular income.
A UIT’s portfolio usually consists of corporate or municipal bonds, although some UITs consist of stocks.
Like all investments, UITs involve investment risk, including loss of principal. You may also be charged a management fee by the investment advisor.
BB&T Investment Services, Inc. offers a wide range of UITs—with more than 120 different portfolio options—from recognized providers1 in the industry, including: