Finra Series-6 Exam - Topic 3 Question 115 Discussion

Actual exam question for Finra's Series-6 exam

Question #: 115
Topic #: 3

[All Series-6 Questions]

Which of the following investment companies will always be passively managed?

Aa face-amount certificate company

Ba unit investment trust

Ca mutual fund

Da closed-end investment company

Show Suggested Answer

Suggested Answer: B

A unit investment trust is always passively managed. Some mutual funds, such as index funds, may also be passively managed, but not all mutual funds are passively managed.

by Ezekiel at May 05, 2026, 05:41 AM

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Jeannetta

17 days ago

I recall a practice question about investment companies, and I think face-amount certificate companies are also not passively managed.

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Clarinda

22 days ago

I'm not entirely sure, but I remember that mutual funds can be actively managed, so I don't think it's C.

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Ngoc

27 days ago

I think the answer might be B) a unit investment trust because they typically have a fixed portfolio and don’t actively trade.

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