TACTICAL INCOME

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. The Bloomberg U.S. Aggregate Bond Index represents securities that are investment grade, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities.

Principal Risks:  Risks of closed-end funds 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 payments. Shares of closed-end funds are also subject to various risks, including management’s ability to meet the fund’s investment objective, risks associated with the use of leverage and borrowing, risks associated with management of the fund’s portfolio when securities are redeemed or sold, and risks associated with shares of the fund trading at a discount or premium to the fund’s net asset value.