EQUITY - THEMATIC PORTFOLIOS

Series 2018-3, ADT 1888

Cohen & Steers Dynamic Income Portfolio

Morningstar Equity Style BoxTM Investment Objective & Strategy
The Cohen & Steers Dynamic Income Portfolio is a unit investment trust (UIT). The trust seeks to
provide total return with an emphasis on current income. The trust seeks to achieve this objective
by investing equally (as of the trust’s inception and may vary thereafter) in a blend of five
proprietary strategies. Those strategies are:

 Dividend-Paying Equities: The strategy seeks to identify high-quality stocks with sustainable
cash flows and growing dividends issued by companies across a variety of industries and
sectors.
 Real Estate Investment Trusts (REITs): The strategy provides access to U.S. commercial
Ticketing Information properties through a diversified portfolio of REITs and other real estate securities.
CUSIP (Cash/Reinvest) 00774V642 / 659  Master Limited Partnerships (MLPs): The strategy provides access to MLPs and other
Fee-Based CUSIP (Cash/Reinvest) 00774V667 / 675 midstream energy companies.
Ticker Symbol DIPAHX  Preferred Securities (PFDs): The strategy provides access to a wide spectrum of the
preferred securities market while seeking to control long-term credit and interest-rate risks.
Essential Information+
 Taxable closed-end funds (CEFs): The strategy targets investments in the common stock of
Unit price at inception (per unit) $10.000 closed-end funds that invest significantly in equity, debt and other or income-producing
Initial redemption price (per unit) $9.7750 securities.
Initial date of deposit 8/8/2018
Portfolio ending date 8/10/2020 Cohen & Steers Capital Management, Inc. is the portfolio consultant.
Distribution frequency Monthly, if any Cohen & Steers’ investment process is unique to the respective team that selects each
Est. net annual dist per unit (1st year)* $0.4918 respective sleeve. However, each team’s investment process is integrated, combining rigorous
Est. net annual dist per unit (2nd year)* $0.4868 bottom-up research with top down macroeconomic views which are employed in selecting
+As of 8/7/2018 and may vary thereafter. *The estimate is securities that are believed to present the best relative value and potential to contribute to the
generally based on the estimate of dividends the trust will trust’s investment objective.
receive by annualizing the most recent dividend declared. The
per unit estimate will vary with changes in fees and expenses,
actual dividends received and with the sales of securities. The The Power of the Blend
distributions are expected to decrease in the subsequent year
as a result of organizational costs, creation and development (Dividend-Paying Equities + REITs + MLPs + PFDs + CEFs) = potential for:
fee, and deferred sales charges. There is no guarantee that the
issuers of the securities included in the trust will declare
distributions in the future or that, if declared, will remain at
 High monthly income from asset classes that generate cash flows that can rise along with
current levels or increase over time. interest rates
 Attractive risk-return profile as diversified sources of income can reduce portfolio risk
Sales Charges (Based on $10 unit price)++
Standard Accounts
As a % of $1,000
invested
Amount per
100 units
 All weather performance with the ability to potentially participate when markets rise and
cushion the impact when markets decline
Initial sales fee 0.00% $0.00
Deferred sales fee 2.25% $22.50  Access to the combined expertise of each of Cohen & Steers’ investment teams
Creation & Development fee 0.50% $5.00
Maximum sales fee 2.75% $27.50 Past performance is no guarantee of future results.
As a % of Fee-Based Amount per
Fee-Based Accounts Public Offering Price 100 units A Historical Perspective on Interest Rates
Maximum sales fee 0.51% $5.00 After a 35-year bull market in bonds amid declining Treasury yields, investors must now contend
++The
with two challenges: how to earn income with yields near record lows, and how to protect against
initial sales fee is the difference between the total sales
fee (maximum of 2.75% of the unit offering price) and the sum rising interest rates as the Federal Reserve gradually unwinds years of easy monetary policy.
of the remaining deferred sales fee and the total creation and
development fee. The deferred sales fee is fixed at $0.225 per The Cohen & Steers Dynamic Income Portfolio offers a unique potential solution to both of these
unit and is paid in three monthly installments beginning questions.
November 20, 2018. The creation and 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). When
the public offering price per unit is less than or equal to $10,
Asset Type Breakdown
you will not pay an initial sales fee. When the public offering
price per unit price is greater than $10 per unit, you will pay an % of Portfolio
initial sales fee. The initial and deferred sales fees may not MLPs 20.04%
apply to fee-based accounts. See the prospectus for more
details about fee-based account eligibility requirements. REITs 20.03%
Taxable Closed-End Funds 20.02%
Preferred 19.97%
Dividend-Paying Equities 19.94%
Source: Bloomberg
As of 8/7/18 and may vary thereafter. Breakdowns are based on the sources
shown and may differ from any category definitions used in selecting the trust
portfolio. Page 1 of 3

Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
 Cohen & Steers Dynamic Income Portfolio Series 2018-3, ADT 1888

Portfolio Holdings (as of date of deposit)

Ticker Ticker
Symbol Issue Name Symbol Issue Name

Dividend-Paying Equities (19.94%) Taxable Closed-End Funds (20.02%)

BG Bunge Limited CII BlackRock Enhanced Capital and Income Fund, Inc.
HSY The Hershey Company GDV The Gabelli Dividend & Income Trust
PM Philip Morris International, Inc. HTD John Hancock Tax-Advantaged Dividend Income Fund
COP ConocoPhillips LGI Lazard Global Total Return and Income Fund, Inc.
MPC Marathon Petroleum Corporation JRI Nuveen Real Asset Income and Growth Fund
OXY Occidental Petroleum Corporation PCI PIMCO Dynamic Credit and Mortgage Income Fund
AIG American International Group, Inc. UTG Reaves Utility Income Fund
BAC Bank of America Corporation RVT Royce Value Trust, Inc.
CME CME Group, Inc. HQH Tekla Healthcare Investors
HBAN Huntington Bancshares, Inc. NTG Tortoise MLP Fund, Inc.
WFC Wells Fargo & Company Preferred Securities (19.97%)
CVS CVS Health Corporation CHSCL CHS, Inc.
MRK Merck & Company, Inc. ENBA Enbridge, Inc.
CAT Caterpillar, Inc. BAC K Bank of America Corporation
AVGO Broadcom, Inc. CS Citigroup, Inc.
CSCO Cisco Systems, Inc. MET E MetLife, Inc.
MSFT Microsoft Corporation MS I Morgan Stanley
APD Air Products & Chemicals, Inc. RNR F RenaissanceRe Holdings Limited
CE Celanese Corporation STT D State Street Corporation
T AT&T, Inc. WFC V Wells Fargo & Company
MLPs (20.04%) AMH G American Homes 4 Rent
BPL Buckeye Partners LP
CEQP Crestwood Equity Partners LP
DCP DCP Midstream LP Industry Breakdown
ETP Energy Transfer Partners LP % of Portfolio
EPD Enterprise Products Partners LP Energy 23.00%
GEL Genesis Energy LP Real Estate 20.03%
HESM Hess Midstream Partners LP Financials 4.98%
MPLX MPLX LP Information Technology 3.07%
SHLX Shell Midstream Partners LP Consumer Staples 2.97%
WES Western Gas Partners LP Health Care 2.00%
REITS (20.03%) Materials 2.00%
CCI Crown Castle International Corporation Telecommunication Services 1.00%
DLR Digital Realty Trust, Inc. Industrials 0.96%
ESS Essex Property Trust, Inc. Equities & Preferred Total 79.98%
EXR Extra Space Storage, Inc. Source: Global Industrial Classification Standards
As of 8/7/2018 and does not include Closed-End Funds. Breakdowns are based on the sources
KRC Kilroy Realty Corporation shown and may differ from any category definitions used in selecting the trust portfolio.
PK Park Hotels & Resorts, Inc.
SBRA Sabra Health Care REIT, Inc.
SUI Sun Communities, Inc.
TCO Taubman Centers, Inc.
UDR UDR, Inc.

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Intelligent Investments. Independent Ideas.

 Cohen & Steers Dynamic Income Portfolio Series 2018-3, ADT 1888

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:
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 Stocks: 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.
Dividend Payment Risk: 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.
Foreign Securities: Securities of foreign issuers present risks beyond those of U.S. issuers which 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.
Interest Rate Risk: Interest rate risk is the risk that the value of bonds held by a closed-end fund will fall if interest rates increase. The securities held by the closed
-end funds typically fall in value when interest rates rise and rise in value when interest rates fall. The securities held by the closed-end funds with longer periods
before maturity are often more sensitive to interest rate changes.
Long-Term Strategy: Although this unit investment trust terminates in approximately 2 years, the strategy is long term. Investors should consider their ability to
pursue investing in successive portfolios, if available, as well as the tax consequences involved with rolling one trust into another.
Master Limited Partnerships (MLPs): MLPs are generally taxed as partnerships whose interests are generally traded on a securities exchanges. Most MLPs
generally operate in the energy natural resources or real estate sector and are subject to the risks generally applicable to companies in those sectors. Those risks
include, but are not limited to, commodity pricing risk, supply and demand risk, depletion risk and exploration risk. MLPs are also subject to the risk that authorities
could challenge the tax treatment of MLPs for federal income tax purposes which could have a negative impact on the after-tax income available for distribution by
the MLPs and/or the value of the trust’s investments.
Preferred Securities: An investment in preferred securities should be made with an understanding of the various risks of owning preferred securities such as an
economic recession, volatile interest rates and the possible deterioration of either the financial condition of the issuers of the preferred securities or the general
condition of the stock market. Preferred securities do not generally have the growth potential of common stocks. They are also sensitive to changes in interest rates
and their market price generally falls with rising interest rates. Preferred securities are more likely to be called for redemption in a declining interest rate
environment. In addition, in the event of an issuer's bankruptcy, preferred securities will not be repaid until the issuer's other debt securities, which have priority,
have been satisfied. Preferred securities are equity securities of the issuing company which pay income in the form of dividends.
REITs: An investment in a portfolio containing Real Estate Investment Trust (REIT) securities is subject to additional risks, as companies involved in the real estate
market, vacancy rates and competition, volatile interest rates and economic recession.
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. ©2018 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.
This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a
fiduciary capacity within the meaning of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code. The information provided
does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should
be made based on an investor’s objectives and circumstances and in consultation with his or her advisers.
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.
©2018 Advisors Asset Management
Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
18925 Base Camp Road | Monument, CO 80132 | www.aamlive.com | CRN: 2016-1104-5617 R

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