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Unit Investment Trust (UIT) 19. A UIT has a unique feature compared to an open-ended fund, closed end fund and an ETF? A. It never trades at NAV. B. It always has a maturity date. C. It has no liquidity option. D. All of the above. 20. What are some of the marketed features of a UIT? A. Unmanaged security solection, limited liquidity, no fees. B. Unsupervised portfolio, no reinvestment option, managed portfolio. C. Managed Security selection, reinvestment of dividends, trades daily. D. None of the above