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Diversified High Income Closed-End, 11  Ticker: FOOJAX
 
Description
The Diversified High Income Closed-End Portfolio is a unit investment trust that seeks a high rate of current monthly income, with capital appreciation as a secondary objective by investing in a diversified pool of closed-end funds.
 
Summary
Product Code: DVHI11
Portfolio Status: Secondary
Initial Offer Date: 05/03/2013
Secondary Date: 08/01/2013
Portfolio Ending Date: 05/04/2015
Tax Structure: RIC
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.4804
POP(*): $9.7736
* As of Trade Date: 08/20/2014 4:00pm ET

 Estimated Net Annual Distribution Per Unit
Estimated Net Annual Distribution Per Unit * $0.7423
As of 08/18/2014
* 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 Healthcare Investors HQH 3.98%
 NASDAQ Premium Income & Growth Fund Inc. QQQX 3.64%
 Eaton Vance Enhanced Equity Income Fund EOI 3.56%
 Nuveen Core Equity Alpha Fund JCE 3.54%
 Calamos Strategic Total Return Fund CSQ 3.41%
 Eaton Vance Tax-Managed Diversified Equity Income Fund ETY 3.41%
 Cohen & Steers Global Income Builder Inc. INB 3.36%
 Gabelli Multimedia Trust, Inc. GGT 3.28%
 Calamos Global Dynamic Income Fund CHW 3.22%
 Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund ETO 3.21%
 Guggenheim Equal Weight Enhanced Equity Income Fund GEQ 3.18%
 AllianzGI Convertible & Income Fund NCV 3.13%
 Wells Fargo Advantage Global Dividend Opportunity Fund EOD 3.12%
 BlackRock Global Opportunities Equity Trust BOE 3.12%
 Dividend and Income Fund Inc. DNI 3.12%
 Wells Fargo Advantage Utilities and High Income Fund ERH 3.11%
 Delaware Enhanced Global Dividend and Income Fund DEX 2.99%
 Advent/Claymore Enhanced Growth & Income Fund LCM 2.98%
 John Hancock Tax-Advantaged Global Shareholder Yield Fund HTY 2.96%
 Cohen & Steers Select Preferred and Income Fund PSF 2.82%
 Babson Capital Global Short Duration High Yield Fund BGH 2.82%
 Western Asset Global Corporate Defined Opportunity Fund Inc. GDO 2.80%
 Wells Fargo Advantage Income Opportunities Fund EAD 2.74%
 Virtus Global Multi-Sector Income Fund VGI 2.74%
 Voya Asia Pacific High Dividend Equity Income Fund IAE 2.72%
 Western Asset Global High Income Fund Inc. EHI 2.69%
 Nuveen Global Income Opportunities Fund JGG 2.65%
 John Hancock Preferred Income Fund III HPS 2.64%
 MFS Government Markets Income Trust MGF 2.63%
 Voya Emerging Markets High Dividend Equity Fund IHD 2.62%
 Eaton Vance Limited Duration Income Fund EVV 2.60%
 Duff & Phelps Utility and Corporate Bond Trust Inc. DUC 2.48%
 Stone Harbor Emerging Markets Total Income Fund EDI 2.39%
 
Total Number of Holdings:    33
Underlying Securities information represented above is as of 08/20/2014 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.

Convertible securities are bonds, preferred stocks, and other securities that pay interest or dividends and are convertible into common stocks. As such, convertible securities have some characteristics of both bonds and common stocks, making them tend to be less sensitive to interest rate changes than bonds of comparable maturity and quality, and less sensitive to stock market changes than common stocks.

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.

Preferred stocks are equity securities of the issuing company which pay income in the form of dividends. Preferred stocks are typically subordinated to bonds and other debt instruments in a company�s capital structure, and therefore will be subject to greater credit risk than those debt instruments.

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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