Unit Trusts

High Income Investment Grade Trust (HIGT0002)

Objective

The Trust seeks to provide a high level of current income and to preserve capital.

The Trust invests in a portfolio of intermediate-term taxable bonds.

 Read more
as of 04/22/2014

Estimated Distribution Information

Monthly CUSIP 429679129
Est. Current Return1
Est. Long-Term Return1
Est. Annual Income3
5.35%
3.01%
$54.55
Accrued Interest
Est. Daily Rate of Accrual 4
$2.27000
$0.15153
Beginning Interest Date
Est. Current Return as of Deposit Date 1
Initial Distribution
Est. Normal Distribution (monthly)
Initial Record Date
Initial Payable Date
Jul 15, 2013
5.44%
$3.75000
$4.54583
Aug 10, 2013
Aug 25, 2013

Normal record dates and payable dates are the 10th and 25th calendar days monthly

Wrap Monthly CUSIP 429679137
Est. Current Return1
Est. Long-Term Return1
Est. Annual Income3
5.48%
3.48%
$54.55
Accrued Interest
Est. Daily Rate of Accrual 4
$2.27000
$0.15153
Beginning Interest Date
Est. Current Return as of Deposit Date 1
Initial Distribution
Est. Normal Distribution (monthly)
Initial Record Date
Initial Payable Date
Jul 15, 2013
5.57%
$3.75000
$4.54583
Aug 10, 2013
Aug 25, 2013

Normal record dates and payable dates are the 10th and 25th calendar days monthly

1Estimated current return is based on the estimated annual income as a percentage of the current price of the units. Estimated long-term return (ELTR) is calculated using a formula which (1) Takes into consideration and determines and factors in the relative weightings of the market values, yields (which takes into account the amortization of premiums and the accretion of discounts) and estimated retirement of all the bonds in the trust and (2) Takes into account the expenses and sales charge associated with each trust unit. There can be no assurance that either the estimated current return or ELTR will be realized in the future and an investor's units, when redeemed, may be worth more or less than their original cost.

2The ELTR life represents the estimated life of the bonds in a Trust's portfolio determined for the purposes of calculating Estimated Long-Term Return.

3Estimated Annual Income Per Unit is as of close the most recent business day and is based on the estimated cash flows per unit. This amount will vary with changes in expenses, interest rates and the maturity, call or sale of bonds.

4Estimated Daily Rate of Accrual represents the annual interest from the securities within the portfolio divided by the number of days on which interest is calculated annually.

5Represents the principal amount of the underlying bonds per unit. Bonds may be sold to meet redemptions, to pay expenses, and in other limited circumstances. The sale of bonds will affect the principal amount of bonds included in the trust and as a result the principal amount of bonds per unit. There can be no assurance that a unitholder will receive this par value per unit in the future.

For Fixed-Income trusts, "S.F." indicates a sinking fund is established with respect to an issue of bonds.


The trust portfolio is provided for informational purposes only and should not be deemed as a recommendation to buy or sell the individual securities shown above.


About risk

There is no assurance that a unit investment 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 securities owned by the trust will decline and that the value of trust units may therefore be less that 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.

An investment in the trust should be made with an understanding of the risks associated therewith, such as the inability of the issuer or an insurer to pay the principal of or interest on a bond when due, volatile interest rates, early call provisions and changes to the tax status of the bonds.

The actual trust portfolios may be concentrated in certain types of bond issues or issuers from particular states. To the extent an actual portfolio does so, it is more susceptible to economic, political, regulatory and other occurrences influencing those types of issuers.

Investments in a trust may be subject to interest rate risk. If interest rates rise, the value of the bonds in a trust may decline and if interest rates decline the value of the bonds may increase. Also, the longer the period to maturity, the greater the sensitivity to interest rate changes tends to be.

The financial markets, including those for corporate bonds, have recently experienced periods of extreme illiquidity and volatility. Due to these significant difficulties in the financial markets, there can be substantial uncertainty in assessing the value of an issuer's assets or the extent of its obligations. For these or other reasons, the ratings of the bonds in the Trust's portfolio may not accurately reflect the current financial condition or prospects of the issuer of the bond.

Although the underlying securities in the portfolio are rated at or above the minimum credit quality as of the date of deposit, the ratings may change after inclusion in the trust.

This trust is concentrated in the consumer discretionary and consumer staples sectors. Companies that manufacture, distribute and provide consumer products and services face risks such as intense competition, the lack of serious barriers to entry for on-line entrants, economic recession and a slowdown in consumer spending trends. A portfolio concentrated in a single market sector may present more risk than a portfolio broadly diversified over several sectors.

A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA/Aaa (highest) to c (lowest); ratings are subject to change without notice. For more information on Standard and Poor's rating methodology, please visit www.standardandpoors.com and select "Understanding Ratings" under Rating Resources on the homepage or Moody's at www.moodys.com and select "Rating Methodologies" under Research and Ratings on the homepage.

as of 04/22/2014

Cumulative Return (%)

Maximum Sales Charge: 3.00%
Year to Date (%) Since Deposit (%) 3 month (%) 6 month (%)
With Sales Charge 0.13 3.41 -1.16 0.74
Without Sales Charge 3.75 6.58 2.42 4.38
Barclays U.S. Aggregate 2.21 3.37 1.33 1.55
as of 04/22/2014

Average Annual Return (%)

1 yr (%) 5 yr (%) 10 yr (%) Since Deposit (%)
With Sales Charge N/A N/A N/A N/A
Without Sales Charge N/A N/A N/A N/A
Barclays U.S. Aggregate N/A N/A N/A N/A

Performance data quoted represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate and units, when redeemed, may be worth more or less than their original cost.

Returns are cumulative total returns (not annualized) unless labeled as average annual total returns. All returns reflect trust expenses as incurred and assume reinvestment of income and principal distributions, except for trusts that do not offer the option of reinvesting distributions into additional trust units. Please see the related trust prospectus for additional information. Returns do not reflect taxes.

A trust's performance, especially for short time periods, should not be the sole factor in making your investment decision. Please keep in mind that high, double-digit returns are highly unusual and cannot be sustained. Investors should also be aware that these returns were primarily achieved during favorable market conditions.

Returns With Transactional Sales Charge reflect the maximum transactional sales charge that would be payable by an investor upon sale or redemption of units at the end of the applicable period(s). The transactional sales charge includes any initial or deferred sales charges other than creation and development fee. These returns do not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment. by a trust. These returns reflect any contingent deferred sales charges only if the charges would be payable upon a unit sale or redemption at or prior to the end of the applicable performance period(s). Certain trusts are no longer offered for sale to the public and, as a result, do not publish an offer price or have a sales charge. In these cases, returns will not reflect a sales charge if a trust was not actually offered for sale to the public on the first day of the applicable period because units of the trust could not have been purchased by an investor at that time. These returns will show 'N/A' for With Transactional Sales Charge data

Returns Without Transactional Sales Charge do not reflect any transactional sales charge and do not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment by a trust.

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. Accordingly, you can lose money investing in this trust. Certain trusts are unmanaged and their portfolios are not intended to change during the trusts' lives except in limited circumstances. Certain trusts are passively managed and seek to track their target index during the trust's life. For a more complete discussion of the risks of investing in this trust, click on the Fact Card.

Performance Calculator

From   to

  Total Return
With Sales Charge 3.41%
Without Sales Charge 6.58%
Barclays U.S. Aggregate 3.37%

Historical Pricing

From   to

Distributions

From   to

BID PRICE
Represents the net asset value per unit plus any remaining organization costs, deferred sales charge and creation and development fee. This price is not the purchase price of units and in many cases is not the price a unitholder would receive if the unitholder redeemed or sold units. Any remaining non-contingent deferred sales charge payments are payable at the time a unit holder redeems or sells units.

LIQUIDATION PRICE
Represents the value per unit that a unitholder would receive if the unitholder redeemed or sold units. This price is equal to the net asset value per unit plus any remaining organization costs and creation and development fee. This price reflects any remaining non-contingent deferred sales charges payable in connection with a liquidation of units.

OFFER PRICE
Represents the net asset value per unit plus any applicable organization costs and sales charges. This is the regular public offering price per unit paid to purchase units. This price is often subject to certain sales charge discounts described in a trust prospectus.

NET ASSET VALUE (NAV)
Represents the value per unit of a trust's portfolio securities and other assets reduced by trust expenses and other liabilities, including remaining organization costs, non-contingent deferred sales charge and creation and development fee.


This page contains historical pricing or historical income distributions information for the unit trust listed above. It should not be used for federal or state tax purposes. Please contact your financial advisor for tax information.

This information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state, or other jurisdiction to any person to whom it is not lawful to make such an offer. A trust that contains a state name in the trust name is generally available for sale only to investors in that state. The information shown may relate to a trust that is no longer offered to the public. In such a case, this information does not constitute an offer to sell, or a solicitation of an offer to buy units of the trust.

1Estimated current return is based on the estimated annual income as a percentage of the current price of the units. Estimated long-term return (ELTR) is calculated using a formula which (1) Takes into consideration and determines and factors in the relative weightings of the market values, yields (which takes into account the amortization of premiums and the accretion of discounts) and estimated retirement of all the bonds in the trust and (2) Takes into account the expenses and sales charge associated with each trust unit. There can be no assurance that either the estimated current return or ELTR will be realized in the future and an investor's units, when redeemed, may be worth more or less than their original cost.

2The ELTR life represents the estimated life of the bonds in a Trust's portfolio determined for the purposes of calculating Estimated Long-Term Return.

3Estimated Annual Income Per Unit is as of close the most recent business day and is based on the estimated cash flows per unit. This amount will vary with changes in expenses, interest rates and the maturity, call or sale of bonds.

4Estimated Daily Rate of Accrual represents the annual interest from the securities within the portfolio divided by the number of days on which interest is calculated annually.

5Represents the principal amount of the underlying bonds per unit. Bonds may be sold to meet redemptions, to pay expenses, and in other limited circumstances. The sale of bonds will affect the principal amount of bonds included in the trust and as a result the principal amount of bonds per unit. There can be no assurance that a unitholder will receive this par value per unit in the future.



About risk

There is no assurance that a unit investment 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 securities owned by the trust will decline and that the value of trust units may therefore be less that 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.

An investment in the trust should be made with an understanding of the risks associated therewith, such as the inability of the issuer or an insurer to pay the principal of or interest on a bond when due, volatile interest rates, early call provisions and changes to the tax status of the bonds.

The actual trust portfolios may be concentrated in certain types of bond issues or issuers from particular states. To the extent an actual portfolio does so, it is more susceptible to economic, political, regulatory and other occurrences influencing those types of issuers.

Investments in a trust may be subject to interest rate risk. If interest rates rise, the value of the bonds in a trust may decline and if interest rates decline the value of the bonds may increase. Also, the longer the period to maturity, the greater the sensitivity to interest rate changes tends to be.

The financial markets, including those for corporate bonds, have recently experienced periods of extreme illiquidity and volatility. Due to these significant difficulties in the financial markets, there can be substantial uncertainty in assessing the value of an issuer's assets or the extent of its obligations. For these or other reasons, the ratings of the bonds in the Trust's portfolio may not accurately reflect the current financial condition or prospects of the issuer of the bond.

Although the underlying securities in the portfolio are rated at or above the minimum credit quality as of the date of deposit, the ratings may change after inclusion in the trust.

This trust is concentrated in the consumer discretionary and consumer staples sectors. Companies that manufacture, distribute and provide consumer products and services face risks such as intense competition, the lack of serious barriers to entry for on-line entrants, economic recession and a slowdown in consumer spending trends. A portfolio concentrated in a single market sector may present more risk than a portfolio broadly diversified over several sectors.

A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA/Aaa (highest) to c (lowest); ratings are subject to change without notice. For more information on Standard and Poor's rating methodology, please visit www.standardandpoors.com and select "Understanding Ratings" under Rating Resources on the homepage or Moody's at www.moodys.com and select "Rating Methodologies" under Research and Ratings on the homepage.

as of 04/22/2014
Bonds Coupon Rate (%) Maturity Original Par S&P/Moody Ratings1
Alcoa, Inc. 6.150 08/15/2020 500000 BBB-/Ba1
Current Par: 500000
Redemption Feature:
Avon Products, Inc. 6.500 03/01/2019 225000 BBB-/Baa3
Current Par: 225000
Redemption Feature:
Barclays Bank Plc 5.140 10/14/2020 225000 BBB/Baa3
Current Par: 225000
Redemption Feature:
Barrick Gold Corporation 6.950 04/01/2019 225000 BBB/Baa2
Current Par: 225000
Redemption Feature:
Choice Hotels International, Inc. 5.700 08/28/2020 255000 BB/Baa3
Current Par: 255000
Redemption Feature:
Embraer Overseas, Ltd. 6.375 01/15/2020 225000 BBB/Baa3
Current Par: 225000
Redemption Feature:
Expedia, Inc. 5.950 08/15/2020 225000 BBB-/Ba1
Current Par: 225000
Redemption Feature:
Ford Motor Credit Company, Llc 8.125 01/15/2020 200000 BBB-/Baa3
Current Par: 200000
Redemption Feature:
Gap, Inc. 5.950 04/12/2021 225000 BBB-/Baa3
Current Par: 85000
Redemption Feature: 01/12/2021 @ 100.0
International Game Technology 7.500 06/15/2019 174000 BBB/Baa2
Current Par: 174000
Redemption Feature:
Jabil Circuit, Inc. 8.250 03/15/2018 200000 BBB-/Ba1
Current Par: 200000
Redemption Feature:
Jefferies Group Llc 8.500 07/15/2019 200000 BBB/Baa3
Current Par: 200000
Redemption Feature:
Lorillard Tobacco Company 6.875 05/01/2020 450000 BBB-/Baa2
Current Par: 450000
Redemption Feature:
Masco Corporation 7.125 03/15/2020 475000 BBB-/Ba3
Current Par: 475000
Redemption Feature:
Morgan Stanley 5.625 09/23/2019 150000 A-/Baa2
Current Par: 150000
Redemption Feature:
Nabors Industries, Inc. 9.250 01/15/2019 200000 BBB/Baa2
Current Par: 200000
Redemption Feature:
Petrobras International Finance Company 5.750 01/20/2020 500000 BBB-/Baa1
Current Par: 500000
Redemption Feature:
Telefonica Emisiones S.a.u. 5.134 04/27/2020 225000 BBB/Baa2
Current Par: 100000
Redemption Feature:
Vale Overseas, Ltd. 4.625 09/15/2020 225000 A-/Baa2
Current Par: 205000
Redemption Feature:

* Par and Prices are in local currency

1The S&P and Moody's ratings apply to the bonds held by the trust, and not the trust itself.

  A Standard & Poor's credit rating is a current opinion of the creditworthiness of an obligor with respect to a specific debt obligation. This opinion of creditworthiness may take into consideration the creditworthiness of guarantors, insurers or other forms of credit enhancement on the obligation.

  Moody's municipal ratings are opinions of the investment quality of the issues and issues in the US municipal and tax-exempt markets. As such, these ratings incorporate Moody's assessment of the default probability and loss severity of these issuers and issues.

1Estimated current return is based on the estimated annual income as a percentage of the current price of the units. Estimated long-term return (ELTR) is calculated using a formula which (1) Takes into consideration and determines and factors in the relative weightings of the market values, yields (which takes into account the amortization of premiums and the accretion of discounts) and estimated retirement of all the bonds in the trust and (2) Takes into account the expenses and sales charge associated with each trust unit. There can be no assurance that either the estimated current return or ELTR will be realized in the future and an investor's units, when redeemed, may be worth more or less than their original cost.

2The ELTR life represents the estimated life of the bonds in a Trust's portfolio determined for the purposes of calculating Estimated Long-Term Return.

3Estimated Annual Income Per Unit is as of close the most recent business day and is based on the estimated cash flows per unit. This amount will vary with changes in expenses, interest rates and the maturity, call or sale of bonds.

4Estimated Daily Rate of Accrual represents the annual interest from the securities within the portfolio divided by the number of days on which interest is calculated annually.

5Represents the principal amount of the underlying bonds per unit. Bonds may be sold to meet redemptions, to pay expenses, and in other limited circumstances. The sale of bonds will affect the principal amount of bonds included in the trust and as a result the principal amount of bonds per unit. There can be no assurance that a unitholder will receive this par value per unit in the future.

For Fixed-Income trusts, "S.F." indicates a sinking fund is established with respect to an issue of bonds.


The trust portfolio is provided for informational purposes only and should not be deemed as a recommendation to buy or sell the individual securities shown above.


About risk

There is no assurance that a unit investment 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 securities owned by the trust will decline and that the value of trust units may therefore be less that 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.

An investment in the trust should be made with an understanding of the risks associated therewith, such as the inability of the issuer or an insurer to pay the principal of or interest on a bond when due, volatile interest rates, early call provisions and changes to the tax status of the bonds.

The actual trust portfolios may be concentrated in certain types of bond issues or issuers from particular states. To the extent an actual portfolio does so, it is more susceptible to economic, political, regulatory and other occurrences influencing those types of issuers.

Investments in a trust may be subject to interest rate risk. If interest rates rise, the value of the bonds in a trust may decline and if interest rates decline the value of the bonds may increase. Also, the longer the period to maturity, the greater the sensitivity to interest rate changes tends to be.

The financial markets, including those for corporate bonds, have recently experienced periods of extreme illiquidity and volatility. Due to these significant difficulties in the financial markets, there can be substantial uncertainty in assessing the value of an issuer's assets or the extent of its obligations. For these or other reasons, the ratings of the bonds in the Trust's portfolio may not accurately reflect the current financial condition or prospects of the issuer of the bond.

Although the underlying securities in the portfolio are rated at or above the minimum credit quality as of the date of deposit, the ratings may change after inclusion in the trust.

This trust is concentrated in the consumer discretionary and consumer staples sectors. Companies that manufacture, distribute and provide consumer products and services face risks such as intense competition, the lack of serious barriers to entry for on-line entrants, economic recession and a slowdown in consumer spending trends. A portfolio concentrated in a single market sector may present more risk than a portfolio broadly diversified over several sectors.

A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA/Aaa (highest) to c (lowest); ratings are subject to change without notice. For more information on Standard and Poor's rating methodology, please visit www.standardandpoors.com and select "Understanding Ratings" under Rating Resources on the homepage or Moody's at www.moodys.com and select "Rating Methodologies" under Research and Ratings on the homepage.

as of 04/22/2014

HIGT0002

  • Offer Price $1,016.32000
  • WRAP Price $991.93000
  • Bid Price $985.83000
  • Liquidation Price $985.83000
  • Par Value5 $868.65000
  • Initial Offering

Trust Specifics

  • Jul 10, 2013 Deposit Date
  • Jul 10, 2013 -
    Oct 03, 2013
    Scheduled
    Primary Offering
    Period
  • IHIITX Nasdaq Symbol
  • Open Termination Date
  • Tax Status:
    Regulated Investment Company
  • Public Offering Price
    (End of deposit date) $994.60000
  • Maximum Sales Charge 3.00%
  • Sales Charge Schedule
  • Sales Charge Volume Discount
  • Average Maturity
    (as of 04/22/2014) 5.74
  • ELTR Life2
    (as of 04/22/2014) 5.72
  • Estimated Frequency of Offering:
    3 months
  • Monthly CUSIP 429679129
  • Wrap CUSIP 429679137
  • Number of issues
    (as of 04/22/2014) 19
  • Number of issuers
    (as of 04/22/2014) 19
  • Portfolio Size (units)
    (as of 04/22/2014) 5,530
  • Pre-refunded (%)
    (as of 04/22/2014) n/a
  • Single Family (%)
    (as of 04/22/2014) n/a
  • Zero Coupon (%)
    (as of 04/22/2014) n/a
  • Next Call Date
    (as of 04/22/2014) Mar 15, 2018