HIGH 50® DIVIDEND

Investment Objective and Strategy

AAM’s High 50® Dividend Strategy seeks to provide above average total return by investing in the common stock of 50* U.S.-headquartered companies selected by applying a specialized dividend-oriented strategy. The strategy selects five high-yielding stocks from each of the Global Industry Classification Standard (GICS®) sectors, with the financials and real estate sectors combined as a single sector.

Investment Process

Portfolio Construction:

This strategy is intended to be a broadly diversified U.S. equity portfolio. As of each rebalance date, the portfolio is intended to be comprised of 50 U.S.-headquartered stocks approximately equal-weighted with 2% per name and approximately 10% allocation to each GICS® sector (as described above with financials and real estate sectors combined into a single sector) with potential exposure to small, mid and large-capitalization stocks. Security and sector weights will vary after the rebalance date. In general, portfolios are rebalanced once a year based on the current model and held for 12 months according to that list. Later application of the strategy could result in the selection of different securities.

Under normal conditions, AAM will seek to invest strategy assets in accordance with the investment objectives as stated above. Unusual market conditions, special instructions and/or account restrictions may cause individual accounts to exhibit characteristics outside of the stated objectives and may impact our ability to achieve stated objectives.

* Number of portfolio holdings between each rebalancing may vary slightly due to corporate actions, changes in GICS^® sectors or classification, or significant changes in dividend policy.

See the ADV for Advisors Asset Management, Inc. for more information about the firm, fees, strategies and related risks. The results and portfolios for individual portfolios may vary. Investment returns and principal value will fluctuate and there can be no assurance that any strategy’s objective will be achieved.

The S&P 500® Index is an unmanaged, market-capitalization weighted index of the 500 largest U.S. publicly traded companies by market value. It is one of the most common benchmarks for the broader U.S. equity markets.

Principal Risks: 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. An issuer of a security may be unwilling or unable to pay income on a security. Common stocks do not assure dividend payments and are paid only when declared by an issuer’s board of directors. The amount of any dividend may vary over time. A company’s stock price may move up or down depending on various market conditions.

CRN: 2022-1128-10482 R Link 7436

Portfolio Facts