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Equity Closed-End, 25  Ticker: FDRYAX
 
Description
The Equity Closed-End Portfolio is a unit investment trust that is comprised of a pool of closed-end funds which invest in dividend-paying common stocks. The portfolio seeks high current income, with total return as a secondary objective
 
Summary
Product Code: CEEQ25
Portfolio Status: Secondary
Initial Offer Date: 02/22/2013
Secondary Date: 05/17/2013
Portfolio Ending Date: 02/23/2015
Tax Structure: RIC
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.7786
POP(*): Not Avail
* As of Trade Date: 09/17/2014 4:00pm ET

 Estimated Net Annual Distribution Per Unit
Estimated Net Annual Distribution Per Unit * $0.7326
As of 09/15/2014
* The estimates are based on annualizing the most recent dividends declared by the issuers of the securities included in the portfolio. 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
 H&Q Life Sciences Investors HQL 6.44%
 Macquarie Global Infrastructure Total Return Fund Inc. MGU 5.79%
 NASDAQ Premium Income & Growth Fund Inc. QQQX 5.56%
 Cohen & Steers Infrastructure Fund Inc. UTF 5.52%
 Liberty All-Star Equity Fund USA 5.43%
 John Hancock Financial Opportunities Fund BTO 5.36%
 Eaton Vance Tax-Advantaged Global Dividend Income Fund ETG 5.23%
 Gabelli Equity Trust, Inc. GAB 5.13%
 Brookfield Global Listed Infrastructure Income Fund Inc. INF 5.13%
 Lazard Global Total Return and Income Fund Inc. LGI 5.08%
 Gabelli Multimedia Trust, Inc. GGT 5.06%
 Lazard World Dividend & Income Fund, Inc. LOR 5.05%
 Royce Value Trust, Inc. RVT 4.76%
 Cohen & Steers Quality Income Realty Fund, Inc. RQI 4.55%
 Alpine Global Premier Properties Fund AWP 4.13%
 Eaton Vance Enhanced Equity Income Fund EOI 3.30%
 Eaton Vance Tax-Managed Diversified Equity Income Fund ETY 3.10%
 Cohen & Steers Global Income Builder Inc. INB 3.09%
 BlackRock Dividend Income Trust BQY 3.06%
 Voya International High Dividend Equity Income Fund IID 2.79%
 Nuveen Equity Premium Income Fund JPZ 2.72%
 BlackRock EcoSolutions Investment Trust BQR 2.49%
 Royce Global Value Trust RGT 0.40%
 Gabelli Equity Trust - Rights - W/I GAB-R-W 0.13%
 
Total Number of Holdings:    24
Underlying Securities information represented above is as of 09/17/2014 but will vary with future fluctuations in the market.

An investment in an equity portfolio should be made with an understanding of the risks associated with an investment in common stocks including the risk that the financial condition of the issuers of the equities or the general condition of the stock market may worsen.

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.

Risks associated with investing in foreign securities may be more pronounced in emerging markets where the securities markets are substantially smaller, less liquid, less regulated and more volatile than the U.S. and developed foreign markets.

An investment in securities of foreign issuers should be made with an understanding of the additional risks involved, such as currency fluctuations, political risk, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

Options are subject to various risks including that their value may be adversely affected if the market for the option becomes less liquid or smaller. In addition, options will be affected by changes in the value and dividend rates of the stock subject to the option, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the common stock and the remaining time to expiration.

An investment in a portfolio containing REIT securities is subject to additional risks, as companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

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.

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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