CLOSED-END FUNDS - TAXABLE

Series 2019-2, ADT 1942

Cohen & Steers Senior Variable Rate and Income
Closed-End Portfolio

Ticketing Information Investment Objective & Principal Investment Strategy

CUSIP (Cash/Reinvest) 00779H267 / 275
The Cohen & Steers Senior Variable Rate and Income Closed-End Portfolio is a unit investment
Fee-Based CUSIP (Cash/Reinvest) 00779H283 / 291
Ticker Symbol SRVBWX trust (UIT) that consists of a portfolio of shares of closed-end funds that invest in senior corporate
loans or other income-producing securities seeking high current income. Cohen & Steers Capital
Management, Inc. is the Portfolio Consultant for the trust.
Essential Information
Unit price at inception (per unit) $10.000
Initial redemption price (per unit) $9.7750 In selecting these closed-end funds, Cohen & Steers Capital Management, Inc. considered
Initial date of deposit 6/11/2019 factors such as historical returns, income potential, potential future growth, portfolio diversification
Portfolio ending date 6/9/2021 and advisor experience. The selection of funds for the trust sought funds with strong
Distribution frequency Monthly, if any fundamentals, well- known advisors with experience managing the asset class and diversification
Historical 12-Month Distribution of sector and asset class. In addition, the selection of funds for the trust sought funds with daily
Rate of Trust Holdings* 6.56%
trading volumes generally greater than $500,000 per day and funds with market capitalization
*The distribution rate paid by the trust may be higher or generally greater than $150 million at the time of selection. There can be no guarantee that a
lower than the amount shown above due to factors particular fund in the trust will satisfy the criteria set forth above.
including, but not 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 Why closed-end funds that invest in senior loans and
securities in the portfolio. There is no guarantee that the
issuers of the securities included in the trust will pay any other income-producing securities?1
distributions in the future. The Historical 12-Month • Many of the closed-end funds in the trust portfolio focus on senior loans or invest
Distribution Rate of Trust Holdings is calculated by taking
the weighted average of the regular income distributions significantly in senior loans. Secured senior loans generally hold the most senior position in
paid by the securities included in the trust’s portfolio over a borrower’s capital structure and are typically backed by tangible and intangible assets
the 12 months preceding the trust’s date of deposit reduced including cash, assets or other property.
to account for the effects of trust fees and expenses. The
percentage shown is based on a $10 unit price. This
historical rate is for illustrative purposes only and is not
• The underlying loan rates “float” above reference rates such as the Prime Rate or the
indicative of amounts that will actually be distributed by the LIBOR and generally adjust up or down with changes in interest rates. Fund dividends can
trust. adjust with interest rate movements.

Sales Charges (Based on $10 unit price)+ • Historically, floating rate loans have displayed relatively low correlation to the movements of
As a % of $10 Amount per U.S. common stocks, high grade bonds, U.S. Government securities and other traditional
Standard Accounts unit price 100 units
Initial sales fee 0.00% $0.00 investments.
Deferred sales fee 2.25% $22.50
Creation & Development fee 0.50% $5.00 • Investors’ appetite has remained strong for vehicles that offer income/current cash flow as
Maximum sales fee 2.75% $27.50 well as potential for price appreciation.
As a % of $10 Amount per
Fee-Based Accounts unit price 100 units • Many closed-end funds are built as income-generating vehicles and such funds generally
Maximum sales fee 0.50% $5.00 adhere to scheduled distributions, whether they be monthly, quarterly or annually. However,
distributions are not guaranteed and may vary over time.
+The initial sales fee is the difference between the total
sales fee (maximum of 2.75% of the unit offering price) 1Past performance, however, does not guarantee future results.
and the sum of the remaining deferred sales fee and the
total creation and development fee. The deferred sales
fee is fixed at $0.225 per unit and is paid in three monthly Professional Selection by Cohen & Steers Using its
installments beginning September 20, 2019. The creation
and development fee is fixed at $0.05 per unit and is paid Proprietary Approach
at the end of the initial offering period (anticipated to be The Portfolio Consultant, Cohen & Steers, is one of the only investment firms that actively
approximately three months). When the public offering
price per unit is less than or equal to $10, you will not pay manages individual closed-end funds and portfolios of closed-end funds. Cohen & Steers has
an initial sales fee. When the public offering price per unit been managing individual closed-end funds since 1993 and has been investing in portfolios of
price is greater than $10 per unit, you will pay an initial closed-end funds since 2006. Its process for selecting securities for this trust is based on
sales fee. The initial and deferred sales fees may not quantitative and qualitative metrics aimed at providing diversification across investment
apply to fee-based accounts. See the prospectus for
managers, providing relative value while focusing on generating a high level of current income
more details about fee-based account eligibility
requirements. and potential for capital appreciation.

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Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.
 Cohen & Steers Senior Variable Rate and Income Closed-End Portfolio Series 2019-2, ADT 1942

Portfolio Holdings (as of date of deposit)

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

AFT Apollo Senior Floating Rate Fund, Inc. $14.85 EVF Eaton Vance Senior Income Trust $6.18
AIF Apollo Tactical Income Fund, Inc. 14.75 VTA Invesco Dynamic Credit Opportunities Fund 10.88
ARDC Ares Dynamic Credit Allocation Fund, Inc. 15.09 JFR Nuveen Floating Rate Income Fund 9.81
DSU BlackRock Debt Strategies Fund, Inc. 10.69 JRO Nuveen Floating Rate Income Opportunity Fund 9.69
FRA BlackRock Floating Rate Income Strategies Fund, Inc. 12.79 NSL Nuveen Senior Income Fund 5.86
BGT BlackRock Floating Rate Income Trust 12.32 JSD Nuveen Short Duration Credit Opportunities Fund 15.38
EFT Eaton Vance Floating-Rate Income Trust 13.41 *As of 6/10/2019 and may vary thereafter.
EFR Eaton Vance Senior Floating-Rate Trust 13.16

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 following risks:
Closed-End Funds: Closed-end funds are actively managed investment companies. Shares of closed-end funds frequently trade at a discount to their net asset
value in the secondary market and the net asset value of the closed-end funds shares may decrease. Closed-end funds are subject to various risks, including
management’s ability to meet the fund’s investment objective, and to manage the portfolio when the underlying securities are redeemed or sold, during periods of
market turmoil and as investor’s perceptions regarding closed-end funds or their underlying investments change. The underlying closed-end funds have
management and operating expenses. Investors in the trust will bear not only their share of the trust’s fees and expenses but also will indirectly bear the
management and operating expenses of the underlying closed-end funds. Therefore, an investment in the trust will result in greater expenses than a direct
investment in the funds.
Senior Loans: An investment in this trust should be made with the understanding of the risks associated with an investment in closed-end funds investing in senior
loans such as credit and interest rate risk. Senior loans are generally issued by banks and other financial institutions to corporations, partnerships and other entities
to finance leveraged buyouts, recapitalizations, mergers, acquisitions, stock repurchases, debt refinancing and, to a lesser extent, for general operating and other
purposes. Senior loans are generally structured as floating rate instruments in which the interest rate payable on the obligation fluctuates with interest rate changes.
As such, the yield on closed-end funds which invest in senior loans will generally decline in a falling interest rate environment and increase in a rising interest rate
environment. Senior loans are generally below investment grade quality and may be unrated at the time of investment; are generally not registered with the
Securities and Exchange Commission or state securities commissions; and are generally not listed on any securities exchange. In addition, the amount of public
information available on senior loans is generally less extensive than that available for other types of assets. An investment in senior loans involves the risk that the
borrowers may default on their obligations to pay principal or interest when due.

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.
©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: 2018-0830-6868 R Link 5536

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