EQUITY - THEMATIC PORTFOLIOS

Series 2019-3, ADT 1958

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.
Ticketing Information − Real Estate Investment Trusts (REITs): The strategy provides access to U.S. commercial
properties through a diversified portfolio of REITs and other real estate securities.
CUSIP (Cash/Reinvest) 00778V184 / 192
Fee-Based CUSIP (Cash/Reinvest) 00778V200 / 218
− Master Limited Partnerships (MLPs): The strategy provides access to MLPs and other
Ticker Symbol DIPALX midstream energy companies.
− Preferred Securities (PFDs): The strategy provides access to a wide spectrum of the
Essential Information preferred securities market while seeking to control long-term credit and interest-rate risks.
Unit price at inception (per unit) $10.000 − Taxable closed-end funds (CEFs): The strategy targets investments in the common stock of
Initial redemption price (per unit) $9.7750 closed-end funds that invest significantly in equity, debt and other or income-producing
Initial date of deposit 8/9/2019 securities.
Portfolio ending date 8/5/2021
Monthly, if any
Cohen & Steers Capital Management, Inc. is the portfolio consultant.
Distribution frequency
Historical 12-Month Distribution Cohen & Steers’ investment process is unique to the respective team that selects each
Rate of Trust Holdings* 5.59% respective sleeve. However, each team’s investment process is integrated, combining rigorous
*The distribution rate paid by the trust may be higher or bottom-up research with top down macroeconomic views which are employed in selecting
lower than the amount shown above due to factors securities that are believed to present the best relative value and potential to contribute to the
including, but not limited to, changes in the price of trust trust’s investment objective.
units, changes (including reductions) in distributions paid by
issuers, changes in actual trust expenses and sales of The Power of the Blend
securities in the portfolio. There is no guarantee that the (Dividend-Paying Equities + REITs + MLPs + PFDs + CEFs) = potential for:
issuers of the securities included in the trust will pay any
distributions in the future. The Historical 12-Month − High monthly income from asset classes that generate cash flows that can rise along with
Distribution Rate of Trust Holdings is calculated by taking interest rates
the weighted average of the regular income distributions
paid by the securities included in the trust’s portfolio over − Attractive risk-return profile as diversified sources of income can reduce portfolio risk
the 12 months preceding the trust’s date of deposit reduced
to account for the effects of trust fees and expenses. The − All weather performance with the ability to potentially participate when markets rise and
percentage shown is based on a $10 unit price. This cushion the impact when markets decline
historical rate is for illustrative purposes only and is not
indicative of amounts that will actually be distributed by the − Access to the combined expertise of each of Cohen & Steers’ investment teams
trust.
Past performance is no guarantee of future results.
Sales Charges (Based on $10 unit price)+
As a % of $10 Amount per
Standard Accounts unit price 100 units A Historical Perspective on Interest Rates
Initial sales fee 0.00% $0.00 After a 35-year bull market in bonds amid declining Treasury yields, investors must now contend
Deferred sales fee 2.25% $22.50 with two challenges: how to earn income with yields near record lows, and how to protect against
Creation & Development fee 0.50% $5.00 rising interest rates as the Federal Reserve gradually unwinds years of easy monetary policy.
Maximum sales fee 2.75% $27.50
The Cohen & Steers Dynamic Income Portfolio offers a unique potential solution to both of these
As a % of $10 Amount per questions.
Fee-Based Accounts unit price 100 units
Maximum sales fee 0.50% $5.00
Asset Type Breakdown
+The initial sales fee is the difference between the total
sales fee (maximum of 2.75% of the unit offering price) and % of Portfolio
the sum of the remaining deferred sales fee and the total REITs 20.06%
creation and development fee. The deferred sales fee is Taxable Closed-End Funds 20.02%
fixed at $0.225 per unit and is paid in three monthly
installments beginning November 20, 2019. The creation Dividend-Paying Equities 19.98%
and development fee is fixed at $0.05 per unit and is paid Preferred 19.98%
at the end of the initial offering period (anticipated to be
approximately three months). When the public offering MLPs 19.96%
price per unit is less than or equal to $10, you will not pay Source: Bloomberg
an initial sales fee. When the public offering price per unit As of 8/8/2019 and may vary thereafter. Breakdowns are based on the sources
price is greater than $10 per unit, you will pay an initial shown and may differ from any category definitions used in selecting the trust
sales fee. The initial and deferred sales fees may not apply portfolio. Page 1 of 3
to fee-based accounts. See the prospectus for more details
about fee-based account eligibility requirements. Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
 Cohen & Steers Dynamic Income Portfolio Series 2019-3, ADT 1958

Portfolio Holdings (as of date of deposit)

Ticker Ticker
Symbol Issue Name Symbol Issue Name
Dividend-Paying Equities (19.98%) Taxable Closed-End Funds (20.02%)
T AT&T, Inc. ADX Adams Diversified Equity Fund, Inc.
DG Dollar General Corporation BIT BlackRock Multi-Sector Income Trust
PM Philip Morris International, Inc. CHI Calamos Convertible Opportunities and Income Fund
PG The Procter & Gamble Company Eaton Vance Tax Managed Global Buy Write
ETW
TSN Tyson Foods, Inc. Opportunities Fund
CVX Chevron Corporation Eaton Vance Tax-Advantaged Global Dividend
ETG
MPC Marathon Petroleum Corporation Income Fund
OXY Occidental Petroleum Corporation FEI First Trust MLP and Energy Income Fund
BAC Bank of America Corporation MGU Macquarie Global Infrastructure Total Return Fund Inc
CME CME Group, Inc. JCE Nuveen Core Equity Alpha Fund
CMA Comerica, Inc. JRI Nuveen Real Asset Income and Growth Fund
RF Regions Financial Corporation HQH Tekla Healthcare Investors
WFC Wells Fargo & Company Preferred Securities (19.98%)
CVS CVS Health Corporation CHSCL CHS, Inc.
JNJ Johnson & Johnson ENBA Enbridge, Inc.
AVGO Broadcom, Inc. BAC B Bank of America Corporation
CSCO Cisco Systems, Inc. FRC G First Republic Bank
MSFT Microsoft Corporation MS I Morgan Stanley
CE Celanese Corporation RF B Regions Financial Corporation
FE FirstEnergy Corporation STT D State Street Corporation
MLPs (19.96%) WFC Q Wells Fargo & Company
BPMP BP Midstream Partners LP WRB E WR Berkley Corporation
CNXM CNX Midstream Partners LP AMH H American Homes 4 Rent
ENBL Enable Midstream Partners LP Industry Breakdown
ET Energy Transfer LP
% of Portfolio
EPD Enterprise Products Partners LP
Energy 22.96%
GLOP GasLog Partners LP
GEL Genesis Energy LP Real Estate 20.06%
MPLX MPLX LP Financials 5.00%
PBFX PBF Logistics LP Consumer Staples 3.03%
PAA Plains All American Pipeline LP Information Technology 2.94%
REITS (20.06%)
Health Care 1.96%
Materials 1.03%
CONE CyrusOne, Inc.
Consumer Discretionary 1.01%
EXR Extra Space Storage, Inc.
Utilities 1.01%
INVH Invitation Homes, Inc.
Communication Services 1.00%
KRC Kilroy Realty Corporation
Equities Sub-Total 60.00%
MAC The Macerich Company
Financials 13.98%
SBRA Sabra Health Care REIT, Inc.
Energy 2.00%
SBAC SBA Communications Corporation
Real Estate 2.00%
UDR UDR, Inc.
Consumer Staples 2.00%
VICI VICI Properties, Inc.
Preferred Sub-Total 19.98%
WELL Welltower, Inc.
Equities & Preferred Total 79.98%
Source: Global Industrial Classification Standards
As of 8/8/2019 and does not include Closed-End Funds. Breakdowns are based on the sources

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 Cohen & Steers Dynamic Income Portfolio Series 2019-3, ADT 1958

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. ©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.
©2019 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: 2018-1102-7007 R Link 5617

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