A diversified portfolio consisting of two equally-weighted components: (1) High 50® Dividend Strategy which is a specialized dividend-oriented strategy seeking to provide above average total returns and (2) Tactical Income Closed-End Strategy which are common stocks of closed-end investment companies ("closed-end funds") seeking high current income with capital appreciation potential. The trust is structured as a Regulated Investment Company (RIC).

AAM’s Highest conviction closed-ends fund (CEF) ideas combined with Dividend-Paying Equities

The Balanced Portfolio invests using two of our most popular income solutions evenly allocating between the High 50® Dividend and Tactical Income Closed-End Strategies as of the trust inception.

Tactical Income Closed-End Strategy Identifies our highest conviction income-producing CEF ideas from various asset classes and geographic markets with securities selected based on yield, performance and premium/discount to net asset value (NAV) when compared to their peers and historic average. Why Closed-End Funds Today?

High 50® Dividend Strategy Utilizes a disciplined approach to select a broadly diversified portfolio of high yielding U.S. equities.

  • 50 holdings with approximately 2% weight (as of the deposit date and may vary thereafter)
  • Approximately 10% weight in each of the nine Global Industry Classification Standard (GICS®) sectors other than the Financials and Real Estate sectors and approximately 10% weight from the Financials and Real Estate GICS® sectors combined (for a total of 50 securities). The trust invests in these 50 stocks in approximately equal weightings. Effectively, after September 1, 2016 the strategy seeks to treat the new Real Estate GICS® sector as if it was still positioned under the Financials GICS® sector (as it was prior to September 1, 2016). Learn about the importance of diversification in your sector allocation.
  • Potential for exposure to companies across the market capitalization spectrum
Because a CEF’s shares trade in the market based on investor demand, the CEF may trade at a price higher or lower than its NAV. A CEF with a share price higher than its NAV is said to be selling at a “premium” to the NAV. A CEF with a share price lower than its NAV is said to be selling at a “discount” to the NAV. For example, if a CEF has an NAV of $100, based on the current value of its portfolio, but is priced at $90, it is said to be selling at a 10% discount to NAV.
Pricing Summary (As of 1/15/2019)
Sales Charges
30Commission 2.75 % $10.1046 2.00
84Fee Based 0.51 % $9.8767 0.00
85Rollover 2.75 % $10.1046 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 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 Stock
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.
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.
Interest Rate Risk
The value of the bonds will generally fall if interest rates, in general, rise. No one can predict whether interest rates will rise or fall in the future.
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.