Brokerage Services Mutual Funds, ETFs, and UITs Progress Financial Services provides you with a full selection of mutual funds. We work closely with the financial industry's leading mutual fund companies to give you access to approximately 370 fund families and 15,000 individual funds.An Exchange-Traded Fund (ETF) is much like a mutual fund but trades like a stock. Unlike a mutual fund, which has its net-asset value calculated at the end of each trading day, an ETF's price changes throughout the day, fluctuating with supply and demand. ETFs tend to be passively managed, which can generally result in investors saving on management fees. ETFs can offer diversification as many are designed and managed to track different types of broad financial (i.e., the S&P 500) or sector (i.e., Dow Jones U.S. Oil and Gas Index) indices.A Unit Investment Trust (UIT) is a registered investment company that generally purchases a fixed portfolio of stocks, bonds, or other assets that are intended to be held static throughout the life of the UIT. Investors, or unitholders, purchase units of the trust, which represent an undivided ownership in the entire portfolio. Investors typically pay initial and deferred sales charges. Unit investment trusts have stated maturities that generally range from 13 months to as many as 30 years, depending on the type of holdings in the portfolio. Unitholders have different options when these trusts mature, including taking the proceeds in cash or reinvesting into another trust.UITs invest for various risk levels and invest in both equity and fixed income portfolios. Some of the benefits of UITs include the professionally-selected portfolios that are researched thoroughly prior to purchase and then left constant, thereby minimizing oversight. Fixed Income Progress Financial Services offers a wide range of fixed-income investment products and services to institutional and retail investors who manage their own portfolios. Equities Progress Financial Services offers comprehensive equity trading based on third party research, keen market insight and sound investment strategy.