Which of the following is a primary role of the UITF trustee?

The primary role of the UITF trustee is to manage the fund's assets and ensure compliance. This responsibility involves overseeing the investment portfolio, making allocation decisions within the parameters established by the trust deed, and ensuring that all actions taken are in strict adherence to the regulations that govern UITFs. The trustee acts as a fiduciary, which means they are legally obligated to act in the best interests of the investors in the trust. This includes maintaining the integrity of the fund and providing transparency regarding its operations.

Creating investment strategies is something that may take place within the context of UITF management, but it is typically guided by the investment objectives outlined for the fund rather than being a direct responsibility of the trustee. Providing legal advice or personal financial planning services falls outside the primary duties of a trustee in the UITF context, as these functions require specialized knowledge in law or personal finance, which are not the core responsibilities associated with fund management and compliance monitoring.