Dividend & Income Select Closed-End Portfolio, Series 64
Ticker Symbol: FLZNSX
|General Equity Funds
||Eaton Vance Tax-Advantaged Dividend Income Fund
||The Gabelli Equity Trust Inc.
||John Hancock Tax-Advantaged Dividend Income Fund
||Nuveen Core Equity Alpha Fund
||Royce Micro-Cap Trust, Inc.
||Virtus Total Return Fund Inc.
|Income & Preferred Stock Funds
||Calamos Strategic Total Return Fund
||John Hancock Preferred Income Fund III
||LMP Capital and Income Fund Inc.
|Specialized Equity Funds
||Alpine Global Premier Properties Fund
||Brookfield Global Listed Infrastructure Income Fund Inc.
||Cohen & Steers Infrastructure Fund, Inc.
||Cohen & Steers Quality Income Realty Fund, Inc.
||Columbia Seligman Premium Technology Growth Fund, Inc.
||The Gabelli Multimedia Trust Inc.
||GAMCO Global Gold Natural Resources & Income Trust
||John Hancock Hedged Equity & Income Fund
||Nuveen Diversified Dividend and Income Fund
||Nuveen Dow 30 Dynamic Overwrite Fund
||Nuveen Energy MLP Total Return Fund
||Nuveen S&P 500 Buy-Write Income Fund
||Principal Real Estate Income Fund
||Tekla Healthcare Investors
||Wells Fargo Global Dividend Opportunity Fund
|World Equity Funds
||Alpine Global Dynamic Dividend Fund
||Calamos Global Dynamic Income Fund
||Cohen & Steers Global Income Builder, Inc.
||Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund
||Lazard Global Total Return and Income Fund, Inc.
||Voya Global Equity Dividend and Premium Opportunity Fund
* As of the close of business on 2/12/18.
Market values are for reference only and are not indicative of your individual
|Not FDIC Insured Not Bank Guaranteed May Lose Value
|Initial Date of Deposit
|Initial Public Offering Price
||$10.00 per Unit
|Portfolio Ending Date
|Estimated Net First Year Distribution per Unit*
|Estimated Net Subsequent Year Distribution per Unit*
|Fee Account Cash CUSIP
|Fee Account Reinvestment CUSIP
*The estimates are based on annualizing the most
recent dividends declared by the issuers of the
securities included in the portfolio. The estimated net
annual distribution for the subsequent year is expected
to be less than the amount for the first year because a
portion of the securities included in the portfolio will be
sold during the first year to pay for organization costs,
the deferred sales charge and the creation and
development fee. There is no guarantee that the issuers
of the securities included in the portfolio will declare
dividends in the future or that, if declared, they will
remain at current levels or increase over time.
|Sales Charges (based on a $10 public offering
|Transactional Sales Charges:
|Creation & Development Fee:
|Maximum Sales Charge:
The deferred sales charge will be deducted in three monthly installments commencing
When the public offering price is less than or equal to $10.00 per unit, there will be no initial sales charge. If
the price exceeds $10.00 per unit, you will pay an initial sales charge.
|Maximum Sales Charge:
The maximum sales charge for investors in fee accounts consists of the creation and development fee.
Investors in fee accounts are not assessed any transactional sales charges. Standard accounts sales charges
apply to units purchased as an ineligible asset.
The creation and development fee is a charge of $.050 per unit collected at the end of the initial offering period. If the price you pay exceeds $10 per unit, the creation and development fee will be less than 0.50%; if the price you pay is less than $10 per unit, the creation and development fee will exceed 0.50%.
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.
You should consider the portfolio's investment
objective, risks, and charges and expenses
carefully 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 portfolio. Read it
carefully before you invest.
An investment in this unmanaged unit investment trust should
be made with an understanding of the risks associated with an
investment in a portfolio of closed-end funds which invest in
common stocks, preferred stocks and options.
Common stocks are subject to risks such as an economic recession and the possible deterioration of
either the financial condition of the issuers of the equity securities or the general condition of the
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
Certain of the closed-end funds invest in high-yield securities or
“junk” bonds. Investing in high-yield securities 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.
Certain of the closed-end funds invest in investment grade
securities. Investment grade securities are subject to numerous
risks including higher interest rates, economic recession,
deterioration of the investment grade security market or
investors’ perception thereof, possible downgrades and defaults
of interest and/or principal.
An investment in a portfolio containing small-cap and mid-cap companies is subject to additional risks, as the share prices of small-cap companies and certain mid-cap companies are often more volatile than those of larger companies due to several factors, including limited trading volumes, products, financial resources, management inexperience and less publicly available information.
Certain of the closed-end funds invest in equity securities of
foreign issuers. Foreign securities are subject to additional risks,
including currency fluctuations, political risks, withholding, the
lack of adequate financial information, and exchange control
restrictions impacting foreign issuers.
Certain of the closed-end funds invest in options. 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.
Certain of the closed-end funds invest in preferred stocks. 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.
Certain of the closed-end funds invest in real
estate investment trusts (REITs). Companies
involved in the real estate industry are subject
to changes in the real estate market, vacancy
rates and competition, volatile interest rates and
This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.
For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.
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.
It is important to note that an investment can be made in the underlying funds directly rather than through the trust. These direct investments can be
made without paying the trust's sales charge, operating expenses and organizational costs.