# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Unit Investment Trust

A structure used by some ETFs.

One important difference between this format and the open-end fund format is that the latter allows ETFs to reinvest dividends immediately, while the former does not. This could result in ETFs that use the unit investment trust structure having a slight cash drag on their performance.

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