Other Investments

• Futures
  • Futures Glossary
  • Advantages
• Unit Investment Trusts
  • Types of UITs
  • Risk Factors
• Foreign Exchange
  • Products
  • List of Currencies
  • Glossary
• Bank Deposit Program
• CitiFirst Structured Investments

Types of Unit Investment Trusts

There are three main categories of unit investment trusts:

Equity Portfolios

Equity UITs are fixed portfolios of both domestic and/or international securities. The selection criteria may be thematic, based on objective criteria, or research-based depending on the investment objective of the trust, such as capital appreciation or providing income.

Tax-Free Fixed Income

Tax-exempt UITs are an ideal investment structure for suitable investors for buying diversified portfolios of municipal bonds and providing monthly or semi-annual income exempt from federal income taxes and, in some cases, state income taxes. These trusts seek to offer a cost-effective way to own a professionally selected portfolio of quality municipal bond issues that are more diversified than owning individual issues.

Taxable Fixed Income

Portfolios may include US Treasury, US Agency and corporate issues that are designed to provide monthly or semi-annual income.

How to Find Out More about Unit Investment Trusts at Morgan Stanley Smith Barney

A unit investment trust may be used as an effective complement to an existing portfolio of stocks and bonds. Whether your investment objective is value, growth or income, or you seek investments with a shorter- or longer-term investment horizon, our broad range of portfolios may offer alternatives to help you meet your investment needs.