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Tax-Advantaged Municipal Closed-End, 26  Ticker: FLRPUX
 
Description
The Tax-Advantaged Municipal Closed-End Portfolio is a unit investment trust which seeks federally tax-exempt income and to preserve capital by investing in a diversified pool of closed-end funds that invest primarily in tax-exempt municipal bonds.
 
Summary
Product Code: TA2Y26
Portfolio Status: Secondary
Initial Offer Date: 05/10/2012
Secondary Date: 06/06/2012
Portfolio Ending Date: 05/12/2014
Tax Structure: RIC
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.2706
POP(*): $9.6019
* As of Trade Date: 05/24/2013 4:00pm ET

 Estimated Net Annual Distribution Per Unit
Estimated Net Annual Distribution Per Unit * $0.4700
As of 05/20/2013
* There is no guarantee that the issuers of the securities included in the portfolio will declare distributions in the future or that, if declared, they will either remain at current levels or increase over time.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 PIMCO Municipal Income Fund II PML 6.43%
 Nuveen AMT-Free Municipal Value Fund NUW 6.28%
 BlackRock Municipal Income Quality Trust BYM 6.18%
 BlackRock Municipal Income Investment Quality Trust BAF 6.06%
 BlackRock Municipal Income Investment Trust BBF 5.96%
 Eaton Vance California Municipal Bond Fund EVM 5.87%
 Eaton Vance New York Municipal Bond Fund ENX 5.82%
 Eaton Vance Municipal Bond Fund EIM 5.74%
 Eaton Vance National Municipal Opportunities Trust EOT 5.62%
 Nuveen AMT-Free Municipal Income Fund NEA 5.59%
 BlackRock Municipal Bond Investment Trust BIE 5.34%
 PIMCO New York Municipal Income Fund PNF 4.74%
 Nuveen California AMT-Free Municipal Income Fund NKX 4.45%
 Federated Premier Intermediate Municipal Income Fund FPT 4.01%
 BlackRock New York Municipal Income Quality Trust BSE 3.69%
 Delaware Investments Colorado Municipal Income Fund Inc. VCF 3.18%
 Federated Premier Municipal Income Fund FMN 2.91%
 Eaton Vance California Municipal Bond Fund II EIA 2.55%
 Nuveen New York AMT-Free Municipal Income Fund NRK 1.72%
 Eaton Vance Pennsylvania Municipal Bond Fund EIP 1.67%
 Eaton Vance Insured Ohio Municipal Bond Fund EIO 1.55%
 Nuveen Massachusetts AMT-Free Municipal Income Fund NGX 1.55%
 Eaton Vance New Jersey Municipal Bond Fund EMJ 1.42%
 Eaton Vance Insured New York Municipal Bond Fund II NYH 1.42%
 
Total Number of Holdings:    24
Underlying Securities information represented above is as of 05/24/2013 but will vary with future fluctuations in the market.

Closed-end funds are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding the funds or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, closed-end funds frequently trade at a discount to their net asset value in the secondary market. Certain closed-end funds may employ the use of leverage which increases the volatility of such funds.

Certain of the securities in the trust are covered by insurance policies obtained by the issuers or underwriters of the bonds from insurance companies. There can be no assurance that any insurer will be able to satisfy its commitments in the event claims are made in the future.

Municipal bonds are subject to numerous risks, including higher interest rates, economic recession, deterioration of the municipal bond market, possible downgrades and defaults of interest and/or principal. Interest income from closed-end municipal bond funds is generally exempt from federal income tax. However, certain distributions may be subject to federal income tax and/or subject to the alternative minimum tax.

The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers.The markets for credit instruments, including municipal securities, have experienced periods of extreme illiquidity and volatility.

You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial advisor or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the trust. Read it carefully before you invest.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

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