Log in INVESTMENT BROKERAGE PRODUCTS Unit Investment Trusts A Unit Investment Trust (UIT) is an investment vehicle comprised of a fixed portfolio of securities that are sold via units consisting of an interest in that portfolio. 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 the UIT is created. 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... UIT Features UITs generally hold a known portfolio, which is purchased when the UIT is started. 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. Connect with a Financial Professional Find a Financial Professional ZIP Code or Name Contact Us Why MassMutual? About Us 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. Get the latest insurance, retirement, and financial planning news. Footer Links Accounts Login Sign Up Digital Access FAQs Claims Billing and Payments Forms Company About MassMutual Blog Careers Contact Us U.S. & International Affiliates Financial Strength Sustainability Web Accessibility Solutions For Individuals & Families For Employers For Institutions Privacy & Security Privacy & Security Center Information for Policyholders Product/Fund Performance & Regulatory Documents Disaster Relief Domestic Violence Hotline Modal Charge Disclosure and APR Calculator For Financial Professionals MassMutual Strategic Distributors Worksite Microsite FieldNet AnnuityWeb C&L Express Follow Us Visit us on Facebook Visit us on Linkedin Visit us on Twitter Mass Mutual ©2021 Massachusetts Mutual Life Insurance Company (MassMutual®), Springfield, MA 01111-0001. All rights reserved. Sitemap Terms of Use Privacy CRN202307-209917