Fast comparison tables for major Series 6 products, customer situations, and recommendation distinctions.
Quick tables help when the issue is contrast rather than narration. Use them when you need to remember how products differ, what trade-offs matter, or which customer profile fits a recommendation better.
| Product | Main feature | Main risk or trade-off |
|---|---|---|
| mutual fund | diversified professionally managed portfolio | sales charges, market risk, ongoing expenses |
| UIT | fixed portfolio for a defined period | limited active management flexibility |
| closed-end fund | exchange-traded fund structure with market pricing | premium or discount to NAV |
| variable annuity | tax-deferred investing with insurance features | expenses, surrender charges, market risk in subaccounts |
| 529 plan | tax-advantaged education saving | education-use focus and plan-specific rules |
Which product can trade in the market at a premium or discount to NAV?
A. closed-end fund
B. open-end mutual fund
C. traditional fixed annuity
D. direct rollover
Answer: A. Closed-end funds trade in the market, so their share price can move above or below NAV.