Final answer:
The answer to the question is A. Fixed UIT, which represents an investment company that offers shares in a fixed portfolio of securities with a specific termination date.
Step-by-step explanation:
The correct answer to the question is A. Fixed UIT, which stands for A. Fixed Unit Investment Trust.
A Fixed UIT is an investment company offering shares in a fixed portfolio of securities to investors that terminates on a specific date.
Since Fixed UITs are not actively managed, the securities held do not change, and the trust self-liquidates at the end of its term, it matches the description provided in the question.
Unit Investment Trusts (UITs) can be of different types, such as Variable UIT, Equity UIT, or Index UIT, but it is the Fixed UIT that is defined by its unchanging portfolio and predetermined life span.
The UIT is designed to provide capital appreciation and/or dividend income, depending on the securities held within the trust.