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Finra Series-6 Exam - Topic 3 Question 115 Discussion

Which of the following investment companies will always be passively managed?
B) a unit investment trust
A) a face-amount certificate company
C) a mutual fund
D) a closed-end investment company

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?

Show Suggested Answer Hide 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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Odette
2 days ago
I feel confident about this question now!
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Wai
7 days ago
B is definitely the best choice.
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Annabelle
12 days ago
True, D) closed-end companies are also actively managed.
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Elke
17 days ago
C) mutual funds can be actively managed too.
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Ronnie
23 days ago
No, that's not passively managed.
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Juliana
28 days ago
I’m not sure. What about A) face-amount certificate?
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Nadine
1 month ago
Yeah, I agree! It's always passively managed.
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Noble
1 month ago
I think it's B) a unit investment trust.
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Malcom
1 month ago
Just learned something new today! Thanks for clarifying!
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Clarinda
2 months ago
No way, I thought closed-end funds were also passively managed sometimes.
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Hoa
2 months ago
Wait, are you sure about that? I thought some mutual funds could be passive too.
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Leatha
2 months ago
Totally agree, that's the right answer!
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Elouise
2 months ago
B) a unit investment trust is always passively managed.
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Rose
2 months ago
I feel like closed-end investment companies can be actively managed too, so that rules out D. Maybe it's definitely B?
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Jeannetta
4 months 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
4 months 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
4 months 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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