Tactical Income Closed-End Portfolio

CLOSED-END FUNDS - TAXABLE
Series 2014-4Q, ADT 1303
Tactical Income Closed-End Portfolio - 15 Month
Investment Objective & Principal Investment Strategy
Ticketing Information
CUSIP (Cash/Reinvest)
Fee-Based CUSIP (Cash/Reinvest)
Ticker Symbol
00772G183/191
00772G209/217
TICEHX
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*
$10.0000
$9.7550
10/15/2014
1/19/2016
Monthly
$0.7143
+As of 10/14/2014 and may vary thereafter. *The estimate
is generally based on the estimate of dividends that the
trust will receive by annualizing the most recent dividends
declared. The per unit estimate will vary with changes in
fees and expenses, actual dividends received and with the
sales of securities. 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
100 units
invested
Standard Accounts
Initial sales fee
Deferred sales fee
Creation & Development fee
Maximum sales fee
Fee-Based Accounts
Maximum sales fee
$10.00
$14.50
$5.00
$29.50
1.00%
1.45%
0.50%
2.95%
As a % of Fee-Based
Public offering prices
0.51%
Amount per
100 units
$5.00
++The deferred sales fee is fixed at $0.145 per unit and is
paid in three monthly installments beginning February 20,
2015. 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.
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:
2.95%
2.70%
2.45%
2.20%
1.95%
1.40%
+++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.
The Tactical Income Closed-End Portfolio - 15 Month 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.
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 multifactor approach based on the following
factors was used to select the final securities
for the portfolio:
Premium/Discount
Funds are trading to a discount to their peers
and relative to their historic average. Current
weighted average discount to NAV is
–10.43%*.
*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 10/14/2014 and
may vary thereafter.
Dividends
Funds that have a history of a consistent and competitive dividend and that appear to possess
the ability to keep the dividend level intact.
Performance
Funds that have an above-average history of performance based on net asset value when
compared to their peers and relevant benchmark.
Closed-End Funds
Closed-end funds, which trade on an exchange, are structured to provide a more stable
income stream than open-ended funds. Open-ended funds do not trade on an exchange;
therefore managers may be forced to liquidate the underlying securities if investor drama
demands redemptions in down markets. Unlike open-end funds, closed-end funds may be
priced at a premium or discount to the value of the underlying securities.
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Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
Tactical Income Closed-End Portfolio - 15 Month
Series 2014-4Q, ADT 1303
Portfolio Holdings (as of date of deposit)
Ticker
Symbol Issue Name
NIE
AIF
DSU
BIT
INF
RNP
DSL
DPG
EVT
ETG
FIF
FFA
AllianzGI Equity & Convertible Income Fund
Apollo Tactical Income Fund, Inc
BlackRock Debt Strategies Fund, Inc
BlackRock Multi-Sector Income Trust
Brookfield Global Listed Infrastructure Income Fund, Inc
Cohen & Steers REIT and Preferred Income Fund, Inc
DoubleLine Income Solutions Fund
Duff & Phelps Global Utility Income Fund, Inc
Eaton Vance Tax-Advantaged Dividend Income Fund
Eaton Vance Tax-Advantaged Global Div Income Fund
First Trust Energy Infrastructure Fund
First Trust Enhanced Equity Income Fund
Market Value
Per Share
Ticker
Symbol
$19.25
16.99
3.69
17.33
21.44
17.82
21.47
19.63
19.04
15.55
21.24
13.43
HQL
HTD
BWG
USA
MCN
JPG
JRI
JRS
JTD
SMM
DCA
EAD
EMD
Market Value
Per Share
Issue Name
H&Q Life Sciences Investors
John Hancock Tax-Advantaged Dividend Income Fund
Legg Mason BW Global Income Opp Fund, Inc
Liberty All Star Equity Fund
Madison Covered Call & Equity Strategy Fund
Nuveen Equity Premium and Growth Fund
Nuveen Real Asset Income and Growth Fund
Nuveen Real Estate Income Fund
Nuveen Tax-Advantaged Dividend Growth Fund
Salient Midstream & MLP Fund
Virtus Total Return Fund
Wells Fargo Advantage Income Opp Fund
Western Asset Emerging Markets Income Fund, Inc
$20.58
20.41
17.14
5.39
8.04
13.38
19.18
10.44
14.42
23.46
4.34
8.83
11.75
Closed-End Funds Asset Allocation Breakdown
US Equity
% of Portfolio
28.02%
% of Portfolio
8.01%
US REIT
US Multi-Sector Bonds
20.02%
US Equity - Energy
7.91%
Global Equity
11.97%
Global Balanced
4.01%
Global Multi-Sector Bonds
8.03%
US Convertible
4.01%
US Covered Call
8.02%
As of 10/14/2014 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 closedend 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.
Long-Term Strategy: Although this unit investment trust terminates in approximately 15 months, the strategy is long-term. Investors should consider their ability to
pursue investing in successive portfolios, if available.
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.
18925 Base Camp Road
Monument, CO 80132
www.aamlive.com
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©2014 Advisors Asset Management, Inc.
Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
CRN: 2013-0409-3690 R Link 2323
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