The Precious Metals and Mining Portfolio (METL) seeks above average capital appreciation. The portfolio seeks to achieve this objective by investing in a diversified portfolio of stocks issued by companies in the precious metals mining industry and exchange-traded funds (ETFs) that are designed to track the price movements of precious metals such as gold, silver, and platinum.
||Jan 24, 2013
|Scheduled Primary Offering Period
||Jan 24, 2013 - Apr 24, 2013
|Term of Trust
||Apr 25, 2014
|Public Offering Price
(End of deposit date)
|Maximum Sales Charge
|Sales Charge Schedule
|Sales Charge Volume Discount
|Est. Net Annual Income1
|Initial Payable Date2
||Feb 25, 2013
|Initial Record Date2
||Feb 10, 2013
||Reinvest, Cash, Wrap Reinvest, Wrap Cash
|Estimated Frequency of Offering
Investors in fee-based accounts will not be assessed the initial or deferred sales charges for
eligible fee-based purchases and must purchase units with a Wrap Fee CUSIP.
|Weighted Avg P/E:
|Weighted Avg Market Cap (MM):
|Weighted Avg 1 Yr EPS:
|Weighted Avg PEG Ratio:
|Weighted Avg Beta:
There is no assurance the trust will achieve its investment objective. An investment in this unit investment trust is subject to market risk, which is the possibility that the market values of securities owned by the trust will decline and that the value of trust units may therefore be less than what you paid for them. This trust is unmanaged and its portfolio is not intended to change during the trust's life except in limited circumstances. Accordingly, you can lose money investing in this trust.
The portfolio invests in shares of exchange-traded funds ("ETFs"). Shares of ETFs tend to trade at a discount from their net asset value and shares of all funds are subject to risks related to factors such as the manager's ability to achieve a fund's objective, market conditions affecting a fund's investments and use of leverage. The portfolio and the underlying funds have management and operating expenses. You will bear not only your share of the portfolio's expenses, but also the expenses of the underlying funds. By investing in other funds, the portfolio incurs greater expenses than you would incur if you invested directly in the funds.
The Portfolio is concentrated in shares of ETFs that invest in precious metals, such as gold, silver, and platinum. The prices of gold, silver and other precious metals are subject to wide fluctuations and may be influenced by limited markets, expectations concerning inflation, central bank demand and availability of substitutes.
The Portfolio is concentrated in securities issued by companies involved in the mining business. Mining companies are subject to risks associated with the exploration, development and production of precious metals including competition for land, difficulties in obtaining required governmental approval to mine land, inability to raise adequate capital, inaccurate estimates of mineral reserves and future production levels, varying expectations of mine production costs, technological and operational hazards in mining and mine development activities, mandated expenditures for safety and pollution control and political unrest in nations where sources of precious metals are located.
Stocks of foreign companies held by the Portfolio or the funds in the Portfolio present risks beyond those of U.S. issuers. These risks may include market and political factors related to the company's foreign market, international trade conditions, less regulation, smaller or less liquid markets, increased volatility, differing accounting practices and changes in the value of foreign currencies.
Investments in emerging markets entail special risks such as currency, political, economic and market risks. The risks of investing in emerging market countries are greater than the risks generally associated with foreign investments. The portfolio will be concentrated in emerging markets. Investing in emerging markets entails the risk that news and events unique to a country or region will affect those markets and their issuers. Countries with emerging markets may have relatively unstable governments, may present the risks of nationalization of businesses, restrictions on foreign ownership and prohibitions on the repatriation of assets. These markets are generally more volatile than countries with more mature economies.