The trust seeks to provide high current income with capital appreciation potential by investing in a portfolio primarily consisting of common stock of closed-end investment companies. This trust is structured as a Registered Investment Company (RIC).

What Are Business Development Corporations (BDCs)?

BDCs have opened private-equity-style investments to a wider range of investors. Created by Congress in 1980, BDCs are generally publicly traded closed-end funds that help provide capital to small- and mid-size businesses that do not have access to traditional sources of financing. Participation of a BDC in these businesses can include secured and unsecured debt, mezzanine debt, convertible securities, and common and preferred stock.

BDCs are generally known for their income-generating characteristics. They are primarily U.S.-centric and exposed to small capitalization companies. An allocation to BDCs may be helpful in a rising rate environment, since they often have a significant portion of their portfolios invested in loans with variable rates tied to LIBOR (The London Interbank Offered Rate is the average interest rate estimated by leading banks in London that the average leading bank would be charged if borrowing from other banks).

Utilize our expertise. AAM conducts an eight layer analysis of publicly traded BDCs and a five factor review of each fund’s portfolio prior to inclusion in the portfolio.


Pricing Summary (As of 1/15/2019)
Sales Charges
30Commission 2.75 % $9.7576 2.00
84Fee Based 0.52 % $9.5393 0.00
85Rollover 2.75 % $9.7576 2.00
Sales charges are as a percentage of the public offer price per unit.
See prospectus for complete details.
Additional Risks and Considerations

An investment in this unmanaged unit investment trust should be made with an understanding of the following:

Closed-End Funds
Closed-end funds are actively managed investment companies. Closed-end funds are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding closed-end funds or their underlying investments change. Shares of closed-end funds frequently trade at a discount to their net asset value in the secondary market and the net asset value of closed-end fund shares may decrease.
The trust is considered to be concentrated in securities issued by small and mid-size companies. These stocks are often more volatile and have lower trading volumes than stocks of larger companies. Small and mid-size companies may have limited products or financial resources, management inexperience and less publicly available information. The trust invests in shares of Business Development Companies (BDCs). In particular, BDCs are generally leveraged which may magnify the potential for gains and losses on amounts invested which increases the risks associated with those securities. BDCs generally depend on the ability to access capital markets, raise cash, acquire suitable investments and monitor and administer those investments in order to maintain their status as BDCs and achieve their investment objectives. A failure to do so may adversely affect the value of the BDC shares and the value of your units. BDCs often invest in securities that are not publicly traded which adversely impacts their ability to value those assets and reduces the investments' liquidity.
Estimated Net Income
Estimated Net Income is generally based on the most recent dividend declared by each security in the trust portfolio less estimated trust expenses. Please note that for certain trusts holding foreign securities, the estimated income may use the actual ordinary dividends paid on the underlying securities during the previous twelve months to calculate the dividend yield and adjusted for foreign withholding taxes. This per unit estimate will vary with changes in fees and expenses, actual dividends received, and with the sale of securities. The distribution decreases in subsequent years as a result of organizational costs and deferred sales charge. There is no guarantee that the issuers of the securities included in the trust will declare distributions in the future or that, if declared, they will remain at current levels.
Issuer Risks
An issuer may be unable to make income and/or principal payments in the future. This may reduce the level of dividends a fund pays which would reduce your income and cause the value of your units to fall. The financial condition of an issuer may worsen or its credit ratings may drop, resulting in a reduction in the value of your units. This may occur at any point in time, including during the primary offering period.
Securities Prices & Objective
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.
The trust sponsor and/or trustee may terminate the trust earlier than the specified termination date upon the occurrence of certain specified events as provided in the prospectus.

Investors should consider the trust's investment objectives, risks, charges and expenses carefully before investing. Consult your financial advisor for a prospectus or download a prospectus online which contains this and other information about the trust. Read the prospectus carefully before you invest or send money.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state, jurisdiction, or to any person to whom it is not lawful to make such an offer.

All products shown above may not be available within your firm. Please consult your AAM Representative for more information.

Market Values, Estimated Returns & Estimated Net Income will fluctuate. Market values are for reference only and are not indicative of your individual cost basis. You are advised to verify pricing information prior to the execution of a security trade.


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Unit Investment Trusts (UITs) are sold only by prospectus. Investors should read the prospectus carefully before investing which contains a detailed explanation of the investment objectives, risks, charges, and expenses. Investors should consult their accounting, legal, or tax advisor.

* Information labeled “Fee-Based Account” provides information pertaining to units purchased through registered investment advisers, certified financial planners or registered broker-dealers who in each case either charge investor accounts periodic fees for brokerage services, financial planning, investment advisory or asset management services, or provide such services in connection with an investment account for which a comprehensive “wrap fee” charge is imposed. You should consult your financial advisor to determine whether you can benefit from these accounts and whether your unit purchases are eligible for this discount. To purchase units in these accounts, your financial advisor must purchase units designated with one of the Fee Account CUSIP numbers, if available. The amounts shown are different from what would be applicable for units purchased in other accounts (i.e. “Commission-Based Accounts”) not eligible for this discount. See your prospectus and consult your financial advisor for more information about eligibility and applicability of the Fee-Based Account discount.