EQUITY - International / Global Portfolios

Series 2019-2, ADT 1948

BRIC Advantage Portfolio

Fee-Based Account UIT Fact Card

Morningstar Equity Style BoxTM

Investment Objective & Principal Investment Strategy
The BRIC Advantage Portfolio is a unit investment trust (UIT) that seeks to provide above-average
return primarily through capital appreciation by investing in stocks of companies headquartered and/
or incorporated in Brazil, Russia, India or China known as “BRIC” countries.

The securities in the portfolio were selected based on a thorough analysis of market capitalization,
Ticketing Information revenues, revenue growth, earnings, earnings growth, valuation and economic sector to contrast a
portfolio that AAM believes generally represents the current economic makeup of the four
Fee-Based CUSIP (Cash/Reinvest) 00779W793 / 801
Ticker Symbol BRCAKX BRIC countries.
Essential Information
Unit price at inception (per unit)
Initial redemption price (per unit)
$9.7750
$9.7750 About BRICs
Initial date of deposit 7/12/2019
Portfolio ending date 7/7/2021 In economics, the BRIC acronym refers to the countries of Brazil, Russia, India and China. The term
Distribution frequency Semi-Annual, if any “BRIC” was first coined a decade ago by Jim O’Neill, former chairman of Goldman Sachs Asset
Historical 12-Month Distribution
Rate of Trust Holdings* 1.41%
Management. The BRIC economies are developing or newly-industrialized countries, but are
distinguished by their large, fast-growing economies and significant influence on regional and
*The distribution rate paid by the trust may be higher or lower
than the amount shown above due to factors including, but not global affairs.
limited to, changes in the price of trust units, changes (including
reductions) in distributions paid by issuers, changes in actual
trust expenses and sales of securities in the portfolio. There is
no guarantee that the issuers of the securities included in the Portfolio Selection Process
trust will pay any distributions in the future. The Historical 12-
Month Distribution Rate of Trust Holdings is calculated by • The selection process begins with all American Depositary Receipts (“ADRs”) that trade on a
taking the weighted average of the regular income distributions
paid by the securities included in the trust’s portfolio over the 12 U.S. exchange that are headquartered in Brazil, Russia, India, China or Hong Kong.
months preceding the trust’s date of deposit reduced to account
for the effects of trust fees and expenses. The percentage • A detailed analysis of this universe is performed that evaluates country of domicile, economic
shown is based on a $9.775 unit price. This historical rate is for
illustrative purposes only and is not indicative of amounts that sector, and market capitalization. Based on this analysis and a top-down analysis of the
will actually be distributed by the trust. economic prospects for these countries, the number of securities to select from each country,
Fee-Based Accounts Sales Charge and sector and capitalization range is determined.
Expenses • Each stock is then ranked by a proprietary quantitative model that includes many factors such
(Based on initial Fee-Based Account unit price of $9.775)+
as revenue growth, earnings growth, balance sheet strength and valuation.
As % of Amount per
Fee-Based unit (based on • From the ranked stocks, the process then begins with the highest-ranked stocks from each
Public initial unit
Offering Price price) sector and decides whether to include a given security. First, each company’s global
Creation & Development Fee 0.51% $0.050 presence, combined with our analysis of its ability to outpace its peers based on its
Organizational Costs + 0.50% $0.049 current valuation in relation to its prospects for earnings growth in excess of their peers, is
Total One-Time Expense 1.01% $0.099 taken into consideration.
Divided by Term of Trust equals
÷ 2 years ÷ 2 years
Amortized One-Time Charges
Amortized One-Time Charges 0.51% $0.050
Estimated Annual Operating + 0.28% + $0.028
Expense
Estimated Average 0.79% $0.077
Amortized Annual Expenses
+All amounts are as of 7/11/2019 and may vary thereafter.
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 approximately three months). The Organization Costs
are fixed at $0.049 per unit and are paid at the end of the
initial offering period or after six months, if earlier. The above
table is for illustrative purposes only to illustrate how
estimated trust fees and expenses translate on an annual-
ized basis. The above does not reflect the amount or how all
fees and expenses will actually be paid. You should consult
the prospectus for a full description of applicable sales
charges and expenses of the trust, including those applicable
to purchasers eligible for the fee-based account discount.
The one-time charges shown (the Creation & Development
Fee and Organization Costs) are paid on a one-time basis as
described and are not actually amortized over the life of the
trust. The amount shown for “Amortized One-Time Charges”
are calculated by taking the one-time dollar amounts and FOR USE ONLY WITH INVESTOR ACCOUNTS ELIGIBLE FOR THE “FEE-BASED ACCOUNT”
dividing them by the anticipated life of the based on the SALES CHARGE DESCRIBED ON PAGE 3 Page 1 of 3
trust’s inception date and mandatory termination date. The
“Estimated Average Amortized Annual Expenses” is taken by Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
adding the “Amortized One-Time Charges” amount and
“Estimated Annual Operating Expense” amounts.
 BRIC Advantage Portfolio Series 2019-2, ADT 1948
Fee-Based Account UIT Fact Card

Portfolio Holdings (as of date of deposit)

Ticker Market Value Ticker Market Value
Symbol Issue Name Per Share Symbol Issue Name Per Share

Brazil - 17.11% China (continued)

BDORY Banco do Brasil SA $14.34 ZTO ZTO Express Cayman, Inc. $19.80
CBD Cia Brasileira de Distribuicao 24.76 Hong Kong - 22.91%
HYPMY Hypera SA 7.86 AAGIY AIA Group Limited 43.03
JBSAY JBS SA 12.91 CEO CNOOC Limited 171.62
PBR/A Petroleo Brasileiro SA 15.12 GELYY Geely Automobile Holdings Limited 29.99
VALE Vale SA 13.84 HOKCY Hong Kong & China Gas Company Limited 2.30
China - 42.83% HKXCY Hong Kong Exchanges & Clearing Limited 34.86
BABA Alibaba Group Holding Limited 166.55 LNVGY Lenovo Group Limited 15.21
AHCHY Anhui Conch Cement Company Limited 30.36 SUHJY Sun Hung Kai Properties Limited 17.19
ANPDY ANTA Sports Products Limited 165.50 TTNDY Techtronic Industries Company Limited 37.65
ATHM Autohome, Inc. 85.01 India - 8.56%
BGNE BeiGene Limited 122.36 HDB HDFC Bank Limited 128.05
MOMO Momo, Inc. 34.28 INFY Infosys Limited 10.72
NTES NetEase, Inc. 263.39 WNS WNS Holdings Limited 58.96
PDD Pinduoduo, Inc. 19.34 Russia - 8.59%
PNGAY Ping An Insurance Group Co. of China Ltd. GZPFY Gazprom Neft PJSC 33.24
TAL TAL Education Group 35.99 NILSY MMC Norilsk Nickel PJSC 22.54
TCEHY Tencent Holdings Limited 45.35 MBT Mobile TeleSystems PJSC 8.66
WB Weibo Corporation 42.23
WEICY Weichai Power Company Limited 12.31 Holdings Summary*
YUMC Yum China Holdings, Inc. 44.43 % of Portfolio

Large-Cap Blend 22.84%

Industry Breakdown* Large-Cap Growth 20.03%

% of Portfolio Large-Cap Value 22.88%

Communication Services 17.15% Mid-Cap Blend 2.85%
Consumer Discretionary 17.11% Mid-Cap Value 2.86%
Financials 14.30% N/A 28.54%
Energy 8.61%
Source: Morningstar
Industrials 8.57%
Information Technology 8.57% Country of Organization*
Materials 8.56%
% of Portfolio
Health Care 5.73%
China 42.83%
Consumer Staples 5.68%
Hong Kong 22.91%
Real Estate 2.86%
Brazil 17.11%
Utilities 2.86%
Russia 8.59%
Source: Global Industrial Classification Standard
India 8.56%
*As of 7/11/2019 and may vary thereafter. Breakdowns are based on the sources shown and may
Source: Bloomberg
differ from any category definitions used in selecting the trust portfolio.

FOR USE ONLY WITH INVESTOR ACCOUNTS ELIGIBLE FOR THE

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Intelligent Investments. Independent Ideas.

 BRIC Advantage Portfolio Series 2019-2, ADT 1948
Fee-Based Account UIT Fact Card

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.
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:
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.
BRIC Concentration: This trust is concentrated in securities issued by companies in the BRIC region. Stocks issued by BRIC companies can be more volatile and
may be affected by political, economic or social developments which may have significant impact on securities in the trusts. Concentration with emerging markets
may have relatively unstable governments, may present the risks of nationalization of business, restrictions on foreign ownership and prohibitions on the
repatriation of assets.
Foreign Securities: Securities of foreign issuers 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.
For Use Only with Eligible Fee-Based Account Investors: During the trust’s initial offering period, investors who purchase units 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 may be eligible to purchase units of the trust in fee-based accounts that are not subject to the transactional sales fee but will be subject to
the creation and development fee that is collected by the sponsor (i.e. the “Fee-Based Account” sales charge). 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. This communication may only be used with investors that are
eligible for this discount.
Long-Term Strategy: The UIT matures in two years and, as such, investors should consider their ability to reinvest any proceeds in a subsequent UIT, with a like
or differing strategy, at the applicable sales charge.
Small & Mid-Size Concentration: 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 Morningstar Equity Style Box™: This table provides a graphical representation of the investment style of a trust based on holdings as of the date of deposit
which may vary thereafter. The Morningstar Equity Style Box™ placement is based on the Morningstar market capitalization classification (determined relative to
other stocks in the same geographic area) of the stocks in the trust’s portfolio (vertical axis), and by comparing the growth and value characteristics of the stocks in
the trust’s portfolio with growth and value factors developed by Morningstar (horizontal axis). Value, blend and growth are types of investment styles. Growth
investing generally seeks stocks that offer the potential for greater-than-average earnings growth, and may entail greater risk than value or blend investing. Value
investing generally seeks stocks that may be sound investments but are temporarily out of favor in the marketplace, and may entail less risk than growth investing.
A blended investment combines the two styles. ©2019 Morningstar, Inc. All Rights Reserved. The information contained herein relating to the Morningstar Equity
Style Box™: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or
timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Securities are available 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.

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©2019 Advisors Asset Management, Inc.
Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
CRN: 2018-0201-6390 R

FOR USE ONLY WITH INVESTOR ACCOUNTS ELIGIBLE FOR THE

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Intelligent Investments. Independent Ideas.