Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow First Trust: 

Search by Ticker, Keyword or CUSIP       

Income Allocation Closed-End, March 2013  Ticker: FPBREX
The Income Allocation Closed-End Portfolio is a unit investment trust that invests in a diversified portfolio of equity and taxable bond closed-end funds that invest in U.S. and foreign securities. The portfolio seeks high current income, with capital appreciation as a secondary objective.
Product Code: ICMR13
Portfolio Status: Secondary
Initial Offer Date: 03/01/2013
Secondary Date: 04/01/2013
Portfolio Ending Date: 06/09/2014
Tax Structure: RIC
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.4719
POP(*): $9.7098
* As of Trade Date: 04/23/2014 4:00pm ET

 Estimated Net Annual Distribution Per Unit
Estimated Net Annual Distribution Per Unit * $0.6325
As of 04/21/2014
* 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  
 BlackRock Corporate High Yield Fund Inc. HYT 4.67%
 NexPoint Credit Strategies Fund NHF 3.92%
 Nuveen Tax-Advantaged Total Return Strategy Fund JTA 3.09%
 Gabelli Equity Trust, Inc. GAB 3.03%
 Liberty All-Star Equity Fund USA 3.00%
 Gabelli Multimedia Trust, Inc. GGT 2.98%
 Eaton Vance Enhanced Equity Income Fund EOI 2.93%
 Cohen & Steers Global Income Builder Inc. INB 2.86%
 Eaton Vance Tax-Advantaged Global Dividend Income Fund ETG 2.82%
 Eaton Vance Tax-Advantaged Dividend Income Fund EVT 2.73%
 Cohen & Steers Dividend Majors Fund, Inc. DVM 2.70%
 Nuveen Equity Premium and Growth Fund JPG 2.67%
 Guggenheim Equal Weight Enhanced Equity Income Fund GEQ 2.60%
 Nuveen Equity Premium Income Fund JPZ 2.54%
 Credit Suisse High Yield Bond Fund DHY 2.52%
 Cutwater Select Income Fund CSI 2.46%
 Invesco Dynamic Credit Opportunities Fund VTA 2.45%
 Western Asset High Income Fund II Inc. HIX 2.38%
 Wells Fargo Advantage Income Opportunities Fund EAD 2.37%
 Western Asset High Income Opportunity Fund Inc. HIO 2.36%
 Avenue Income Credit Strategies Fund ACP 2.35%
 BlackRock Enhanced Government Fund, Inc. EGF 2.32%
 DWS High Income Trust KHI 2.31%
 Nuveen Credit Strategies Income Fund JQC 2.31%
 LMP Corporate Loan Fund, Inc. TLI 2.30%
 Pioneer Floating Rate Trust PHD 2.30%
 BlackRock Core Bond Trust BHK 2.29%
 AllianceBernstein Income Fund, Inc. ACG 2.27%
 Invesco Bond Fund VBF 2.27%
 Blackstone / GSO Senior Floating Rate Term Fund BSL 2.27%
 Western Asset/Claymore Inflation-Linked Securities & Income Fund WIA 2.26%
 Eaton Vance Floating-Rate Income Trust EFT 2.26%
 Prudential Short Duration High Yield Fund Inc. ISD 2.26%
 BlackRock Floating Rate Income Strategies Fund, Inc. FRA 2.23%
 Legg Mason BW Global Income Opportunities Fund Inc. BWG 2.16%
 Morgan Stanley Emerging Markets Debt Fund, Inc. MSD 2.10%
 Western Asset Emerging Markets Income Fund Inc. EMD 2.05%
 Western Asset Emerging Markets Debt Fund Inc. ESD 2.04%
 Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. EDD 1.92%
Total Number of Holdings:    39
Underlying Securities information represented above is as of 04/22/2014 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.

Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

Investment grade bonds are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade bond market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

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.

The yield on 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 ("junk"bonds). An investment in senior loans involves the risk that the borrowers may default on their obligations to pay principal or interest when due.

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.

Printer Friendly Page Printer Friendly Page

First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan
Copyright © 2014 All rights reserved.