Tactical Income Closed-End Portfolio

TAXABLE CLOSED-END FUNDS
Series 2014-3, ADT 1277
Tactical Income Closed-End Portfolio
Ticketing Information
CUSIP (Cash/Reinvest)
Fee-Based CUSIP (Cash/Reinvest)
Ticker Symbol
00772E329/337
00772E345/352
TICTGX
Essential Information+
Unit price at inception (per unit)
Initial redemption price (per unit)
Initial date of deposit
Portfolio ending date
Distribution frequency
Est. net annual distribution (1st Yr)*
Est. net annual distribution (2nd Yr)*
$10.0000
$9.6550
8/14/2014
8/18/2016
Monthly
$0.6250
$0.6183
+As of 8/13/2014 and may vary thereafter. *The estimate
is generally based on the estimate of dividends the trust
will receive by annualizing the most recent dividend
declared. The per unit estimate will vary with changes in
fees and expenses, actual dividends received and with the
sales of securities. The distribution will decrease in the
subsequent year as a result of organizational costs,
creation and development fee, and deferred sales
charges. There is no guarantee that the issuers of the
securities included in the trust will declare distributions in
the future or that, if declared, will remain at current levels.
Sales Charges (Based on $10 unit price)++
As a % of $1,000 Amount per
invested
100 units
Standard Accounts
Initial sales fee
Deferred sales fee
Creation & Development fee
Maximum sales fee
$10.00
$24.50
$5.00
$39.50
1.00%
2.45%
0.50%
3.95%
Fee-Based Accounts
As a % of Fee-Based
Public offering prices
Maximum sales fee
0.52%
Amount per
100 units
$5.00
++The deferred sales fee is fixed at $0.245 per unit and is
paid in three monthly installments beginning November 20,
2014. The creation & development fee is fixed at $0.05 per
unit and is paid at the end of the initial offering period
(anticipated to be three months). The initial and deferred
sales fees may not apply to fee-based accounts. See the
prospectus for more details about fee-based account eligibility requirements.
Investment Objective & Principal Investment Strategy
The Tactical Income Closed-End Portfolio is a unit investment trust (UIT) that seeks to
provide high current income with capital appreciation potential by investing in shares of
income-oriented closed-end funds. This is a 2-year UIT that contains 25 taxable closed-end
funds that can be chosen from any asset class such as bonds, stocks, commodities or real
estate. The funds can either be domestic or international. The closed-end funds chosen are
based primarily on our 3-cylinder approach; current discount, dividend level and performance
(both past and projected).
Factors such as historical returns,
income potential, potential future
growth, portfolio diversification and
advisor experience were considered
when selecting closed-end funds.
Securities for the portfolio are selected
from a universe of securities bearing a
similar investment objective as the
trust’s. A multi-factor approach based
on the following factors was used to
select the final securities for the
portfolio:
Premium/Discount
Funds are favored that are trading at a
discount to their peers and relative to
their historic average. Current weighted
average discount to NAV is –10.39%*.
*Current weighted average discount to NAV for
the portfolio is the sum of the premium and/or
discount to NAV (as reported by Bloomberg) for
each closed-end fund in the portfolio multiplied by
the weighting for each closed-end fund in the
portfolio as of 08/14/2014 and may vary
thereafter.
Dividends
Funds are favored that have a history of a consistent and competitive dividends and that
appear to possess the ability to keep the dividend level intact.
Performance
Funds are favored that have an above-average history of performance based on net asset
value when compared to their peers and relevant benchmark.
Sales Charge Volume Discounts+++
If you purchase:
Less than $50,000
$50,000 - $99,999
$100,000 - $249,999
$250,000 - $499,999
$500,000 - $999,999
$1,000,000 or more
You will pay:
3.95%
3.70%
3.45%
3.10%
2.95%
2.45%
+++Sales charges are as a percentage of the public
offering price per unit. These discounts are only available
during the initial offering period. The breakpoints will be
adjusted to take into consideration purchase orders
stated in dollars which cannot be completely fulfilled due
to the requirements that only whole units be issued. See
the prospectus for details about sales charge discounts
including all available discounts.
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Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
Tactical Income Closed-End Portfolio
Portfolio Holdings (as of date of deposit)
Series 2014-3, ADT 1277
Closed-End Funds Asset Allocation
Market Value
Per Share
Ticker
Issue Name
NIE
AOD
AIF
HYT
BCF
INF
CSQ
UTF
RNP
DPG
EOS
FFA
SCD
MGU
MCN
NRO
NHF
JGV
JRI
PDI
SMM
TTP
DCA
IHD
ZF
AllianzGI Equity & Convertible Income Fund
Alpine Total Dynamic Dividend Fund
Apollo Tactical Income Fund, Inc
BlackRock Corporate High Yield Fund, Inc
BlackRock Real Asset Equity Trust
Brookfield Global Listed Infrastructure Income Fund, Inc
Calamos Strategic Total Return Fund
Cohen & Steers Infrastructure Fund, Inc
Cohen & Steers REIT and Preferred Income Fund, Inc
Duff & Phelps Global Utility Income Fund, Inc
Eaton Vance Enhanced Equity Income Fund II
First Trust Enhanced Equity Income Fund
LMP Capital and Income Fund, Inc
Macquarie Global Infrastructure Total Return Fund, Inc
Madison Covered Call & Equity Strategy Fund
Neuberger Berman Real Estate Securities Income Fund, Inc
NexPoint Credit Strategies Fund
Nuveen Global Equity Income Fund
Nuveen Real Asset Income and Growth Fund
Pimco Dynamic Income Fund
Salient Midstream & MLP Fund
Tortoise Pipeline & Energy Fund, Inc
Virtus Total Return Fund
Voya Emerging Markets High Income Dividend Equity Fund
Zweig Fund, Inc
$20.00
8.70
17.88
12.00
9.27
24.11
11.68
23.38
18.21
21.64
13.32
14.18
17.60
25.12
8.69
5.00
11.40
13.99
20.12
32.45
28.90
34.58
4.65
12.53
15.18
Global Equity
U.S. Equity
U.S. Multi-Sector Bonds
U.S. Equity - Energy
U.S. REIT
U.S. Convertible
U.S. Balanced
International Equity
Global Balanced
U.S. High Yield
36.19%
15.93%
12.00%
7.98%
7.97%
4.01%
4.00%
3.99%
3.97%
3.96%
As a % of the total cost of securities to the trust as of
8/13/2014 and may vary thereafter.
Unit Investment Trusts (UITs) are sold only by prospectus. You should consider the trust’s investment objectives, risks, charges and expenses
carefully before investing. Contact your financial professional or visit Advisors Asset Management online at www.aamlive.com/uit to obtain a
prospectus, which contains this and other information about the trust. Read it carefully before you invest or send any money.
Risks and Considerations: Unit values will fluctuate with the portfolio of underlying securities and may be worth more or less than the original purchase price at the time of
redemption. There is no guarantee that the objective of the portfolio will be achieved. Additionally, the trust may terminate earlier than the specific termination date as stated
in the prospectus. Consult your tax advisor for possible tax consequences associated with this investment. An investment in this unmanaged unit investment trust should be
made with an understanding of the risks associated therewith that includes, but is not limited to:
Closed-End Funds Investment: Risks include higher interest rates, economic recession, deterioration of the bond and equity market, possible downgrades, early call provisions, changes to the tax status of the bonds and defaults of interest and/or principal. Shares of closed-end funds are also subject to various risks, including management’s
ability to meet the fund’s investment objective, and to manage the fund’s portfolio when securities are redeemed or sold, during periods of market turmoil and as investor
perceptions regarding the funds or their underlying investments change. In addition, closed-end funds frequently trade at a discount to their net asset value in the secondary
market.
Common Stocks: An investment in common stocks should be made with an understanding of the various risks of owning common stock, such as an economic recession and
the possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of the stock market.
Foreign Securities: Securities of foreign issuers held by the trust present risks beyond those of U.S. issuers. These risks may include market and political factors related to
the issuer’s foreign market, international trade conditions, less regulation, smaller or less liquid markets, increased volatility, differing accounting practices and changes in the
value of foreign currencies.
Interest Rate Risk: Interest rate risk is the risk that the value of bonds held by a closed-end fund will fall if interest rates increase. The securities held by the closed-end funds
typically fall in value when interest rates rise and rise in value when interest rates fall. The securities held by the closed-end funds with longer periods before maturity are
often more sensitive to interest rate changes.
Securities offered through your financial professional. Not FDIC Insured. Not Bank Guaranteed. May Lose Value.
For informational purposes only and not a recommendation to purchase or sell any security.
Follow AAM Live:
18925 Base Camp Road
Monument, CO 80132
www.aamlive.com
©2014 Advisors Asset Managmenet, Inc.
Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
CRN: 2014-0513-4220 R Link 3164
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