What type of fees do UITFs typically charge?

Unit Investment Trust Funds (UITFs) typically charge trust fees, which are applicable for the management and administration of the fund. Trust fees cover the operational costs associated with managing the UITF, such as custodial services, record keeping, and compliance with regulations. These fees are often expressed as a percentage of the net asset value and are deducted from the fund's performance, impacting the overall returns to the investor.

While other types of fees may exist in the context of different investment vehicles, UITFs specifically focus on trust fees due to their structure as collective investment schemes. This distinguishes UITFs from mutual funds, which may charge sales loads and management fees for distribution and investment management respectively. Transaction fees, though relevant in some investment contexts, are generally not a typical feature of UITFs. This makes trust fees the most accurate answer when considering the conventional fee structure of UITFs.