##  [# Unit Investment Trust (UIT) Definition](/sections/unit-investment-trust-uit-definition) 

 

# Unit Investment Trust (UIT) Definition

 

 

Learn the definition of unit investment trust (UIT) and other ETF terminology from the etf.com glossary.



 

 

 

 

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[By ETF Glossary](/authors/etf-glossary)

 Dec 04, 2023

 Edited by: ETF.com Staff

 

 

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## Learn more about Unit Investment Trust (UIT)

Unit Investment Trusts, or UITs, represent a distinctive investment structure characterized by a fixed portfolio composition. Unlike mutual funds, UITs issue a fixed number of units to investors, holding a predetermined set of securities until the trust's termination date. Investors receive a portion of the UIT's net assets upon maturity. This finite structure provides transparency regarding the trust's holdings and lifespan, offering a defined investment strategy for those seeking a specific investment duration. UITs provide an alternative for investors looking for a straightforward and predetermined investment vehicle with a clear endpoint and a predetermined distribution of assets at maturity.

### Related Terms

[Exchange-Traded Fund](/etf-education-center/etf-glossary/exchange-traded-fund-etf), [Mutual Fund](/etf-education-center/etf-glossary/mutual-fund)

 
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  ETF Glossary is etf.com’s collection of key terms and definitions related to exchange-traded funds. ETFs are investment funds that are traded on stock…   [View Bio](/authors/etf-glossary)

 



 

 


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