Annuities and mutual funds Flashcards
1
Q
Transfer agent
A
Keeps track of shareholders of mutual fund
2
Q
ETFs
A
Exchange traded funds
Invest in stocks in a benchmark index. Exchange listed and trade like stocks
3
Q
Mutual Fund
A
Diversified portfolio of investments that is actively managed
4
Q
UIT
A
Unit investment trust
Organizaed as a trust which issues units representing undivided interest in a portfolio of securities
Can be fixed or non-fixed
5
Q
529 Plan
A
Max contribution: gift tax exclusion - $16,000
6
Q
Bond Buyer Index
A
Municipal bond market
7
Q
Form U5
A
Contains details of a termination
8
Q
Expense ratio
A
Operating expenses/net assets
