What document contains the detailed terms and conditions of a UITF?

The document that contains the detailed terms and conditions of a Unit Investment Trust Fund (UITF) is the Declaration of Trust. This document outlines the specific rights and obligations of both the trustee and the unit holders, the investment objectives, guidelines for the management of the fund, and other essential operational details. It serves as the foundational legal document governing the UITF, clearly detailing how the fund will function, the types of investments it may hold, and the processes for unit subscriptions and redemptions.

While a Trust Agreement can also establish a trust relationship, it typically does not include the detailed investment guidelines and conditions specific to a UITF. An Investment Policy Statement generally focuses on investment strategy rather than outlining legal terms. A Customer Agreement pertains more to the relationship between the investment company and the investor rather than the specifics of the UITF itself. Therefore, the Declaration of Trust is the key document that comprehensively covers the terms and conditions relevant to the operation of a UITF.