[Series 66] 12, ETFs UITs and Closed-End Funds

Podcast: Open Exam Prep · Ran Chen, EA, CFP®

Opublikowano: 2026-10-05

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • Distinctions between open-end funds, closed-end funds, and unit investment trusts (UITs) under the Investment Company Act of 1940. • How closed-end fund shares trade on secondary markets at market prices that may reflect a premium or discount to NAV. • The structure of UITs as unmanaged portfolios with fixed termination dates and no ongoing investment adviser...