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Unit Investment Trusts

A unit investment trust (UIT) is an investment vehicle comprised of a fixed portfolio of securities that are sold as redeemable units. A UIT is passively managed as it buys a relatively fixed portfolio of securities with little or no change for the life of the UIT. A UIT will have a termination date that is established when it is created.

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Features and benefits

Cost
There is a sales charge for purchases, but there is no management fee because the portfolio is not actively managed and may be changed only in unusual circumstances.
Flexibility

Many UIT sponsors maintain a secondary market to allow owners to sell their units back to the sponsors and other investors to buy those units from the sponsors. (Unit prices in the secondary market may be above or below the net asset value of the trust's actual holdings.)

Reinvestment Option

At maturity, investors will generally have the option of reinvesting their proceeds into a new UIT at a reduced sales charge. They may also receive cash distribution of the proceeds, or request an in-kind distribution of the underlying securities in the trust if that option is available.

How to buy a unit investment trust

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A MassMutual financial professional will be with you every step of the way to help you prepare for the future.

    • Assess

    • During your initial phone call, your financial professional will ask you questions to understand your financial goals and objectives.

    • Recommend

    • After looking at your entire financial picture, your financial professional will provide you with suggestions to fill in the gaps so you can choose the products best suited for your situation.

    • Purchase

    • If you're satisfied with the recommendations, your financial professional will secure the products and services to help ensure your financial future.

    • Review

    • Your financial professional will work with you over time through periodic reviews to help you monitor your investments and reach your financial planning goals.

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Why MassMutual

since

1851

we've been helping people secure their financial future and protect the ones they love

more than

$1.0T

of life insurance protection in force as of 12/31/23

named for the

6th

year in a row as a Best Place to Work for Disability Inclusion according to the Disability Equality Index®

delivered

$9.1B

insurance and annuity benefits paid to policyowners and other customers in 2023

What's behind MassMutual's financial strength

Securities offered through registered representatives of MML Investors Services, LLC, Member SIPC® (www.SIPC.org) and FINRA (www.FINRA.org) and a MassMutual subsidiary, 1295 State Street, Springfield, MA 01111-0001.