Unit Trusts

GNMA Income Portfolio (VGMB0011)

Objective

Ginnie Maes are mortgage-backed pass-through certificates guaranteed by the U.S. Government National Mortgage Association (GNMA) and backed by the full faith and credit of the US Government. Because of the high credit quality of Ginnie Maes, they may offer the potential to enhance the overall yield of a fixed-income portfolio without any sacrifice of quality.

The trust seeks to provide an attractive level of monthly income.

Why invest in the GNMA Income Portfolio?

  • A defined and diversified portfolio of GNMA securities.
  • Low minimum investment - $1,000 instead of the $25,000 minimum for direct GNMA investment (may vary by selling firm).
  • Potential attractive monthly income - pays out principal and interest monthly. More monthly cash flow for reinvestment flexibility.
  • One of the potential primary advantages of investing in GNMA securities is that the yield tends to be higher than U.S. Treasury notes and bonds with comparable maturities, even though there is little or no additional credit risk. Of course the mortgage loans underlying GNMA securities may be prepaid at any time resulting in a return of principal.
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as of 04/17/2015

Estimated Distribution Information

Monthly CUSIP 36290H246
Est. Current Return1
Est. Long-Term Return1
Est. Annual Income3
2.64%
1.70%
$0.02
Accrued Interest
Est. Daily Rate of Accrual4
$0.00145
$0.00002
Beginning Interest Date
Est. Current Return as of Deposit Date1
Initial Distribution
Est. Normal Distribution (monthly)
Initial Record Date
Initial Payable Date
Oct 19, 2012
2.85%
$0.00188
$0.00206
Nov 17, 2012
Nov 25, 2012

Normal record dates and payable dates are the 17th and 25th calendar days monthly.

Wrap Monthly CUSIP 36290H253
Est. Current Return1
Est. Long-Term Return1
Est. Annual Income3
2.72%
2.05%
$0.02
Accrued Interest
Est. Daily Rate of Accrual4
$0.00145
$0.00002
Beginning Interest Date
Est. Current Return as of Deposit Date1
Initial Distribution
Est. Normal Distribution (monthly)
Initial Record Date
Initial Payable Date
Oct 19, 2012
2.93%
$0.00188
$0.00206
Nov 17, 2012
Nov 25, 2012

Normal record dates and payable dates are the 17th and 25th calendar days monthly.

1Estimated current return (ECR) 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 unmanaged unit 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.

An investment in the trust should be made with an understanding of the risks associated with an investment in mortgage- backed securities, such as volatile interest rates and the early return of principal. As interest rates rise, bond prices fall.

The principal amount of GNMA securities per unit will decline, as principal payments and prepayments are made on the underlying GNMA securities.

The U.S. Government guarantee applies only to the timely payment of the interest and principal on the Ginnie Mae securities and does not guarantee against market value fluctuations, nor does it apply to the units of the trust.

as of 10/16/2012
Government Securities Weighting
(%)
Gnma Pool 33.60
Gnma Pool 33.46
Gnma Pool 32.95

1Estimated current return (ECR) 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 unmanaged unit 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.

An investment in the trust should be made with an understanding of the risks associated with an investment in mortgage- backed securities, such as volatile interest rates and the early return of principal. As interest rates rise, bond prices fall.

The principal amount of GNMA securities per unit will decline, as principal payments and prepayments are made on the underlying GNMA securities.

The U.S. Government guarantee applies only to the timely payment of the interest and principal on the Ginnie Mae securities and does not guarantee against market value fluctuations, nor does it apply to the units of the trust.

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 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 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, deferred sales charges and creation and the 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 (ECR) 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 unmanaged unit 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.

An investment in the trust should be made with an understanding of the risks associated with an investment in mortgage- backed securities, such as volatile interest rates and the early return of principal. As interest rates rise, bond prices fall.

The principal amount of GNMA securities per unit will decline, as principal payments and prepayments are made on the underlying GNMA securities.

The U.S. Government guarantee applies only to the timely payment of the interest and principal on the Ginnie Mae securities and does not guarantee against market value fluctuations, nor does it apply to the units of the trust.

as of 04/17/2015

Cumulative Return (%)

Maximum Sales Charge: 3.90%
YTD (%) Since Deposit (%) 3 Mo (%) 6 Mo (%)
With Sales Charge -2.86 -2.52 -3.22 -2.17
Without Sales Charge 1.07 1.43 0.70 1.80
as of 04/17/2015

Average Annual Return (%)

1 Yr (%) 5 Yr (%) 10 Yr (%) Since Deposit (%)
With Sales Charge 1.09 -1.02
Without Sales Charge 5.18 0.57

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, if applicable. 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, if applicable, is reflected in the returns as of the time of payment by a trust. These returns reflect any 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 applicable creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee, if applicable, 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. The trusts are unmanaged and their portfolios are not intended to change during the trusts' lives except in limited circumstances. 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 -2.52
Without Sales Charge 1.43

1Estimated current return (ECR) 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 unmanaged unit 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.

An investment in the trust should be made with an understanding of the risks associated with an investment in mortgage- backed securities, such as volatile interest rates and the early return of principal. As interest rates rise, bond prices fall.

The principal amount of GNMA securities per unit will decline, as principal payments and prepayments are made on the underlying GNMA securities.

The U.S. Government guarantee applies only to the timely payment of the interest and principal on the Ginnie Mae securities and does not guarantee against market value fluctuations, nor does it apply to the units of the trust.

1Estimated current return (ECR) 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 unmanaged unit 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.

An investment in the trust should be made with an understanding of the risks associated with an investment in mortgage- backed securities, such as volatile interest rates and the early return of principal. As interest rates rise, bond prices fall.

The principal amount of GNMA securities per unit will decline, as principal payments and prepayments are made on the underlying GNMA securities.

The U.S. Government guarantee applies only to the timely payment of the interest and principal on the Ginnie Mae securities and does not guarantee against market value fluctuations, nor does it apply to the units of the trust.

as of 04/17/2015

VGMB0011

  • Offer Price $0.93690
  • WRAP Price $0.91114
  • Bid Price $0.90036
  • Liquidation Price $0.90036
  • Par Value5 $0.85376
  • Initial Offering

Trust Specifics

  • Oct 16, 2012 Deposit Date
  • Oct 16, 2012 -
    Oct 11, 2013
    Scheduled
    Primary Offering
    Period
  • VGNMAX NASDAQ Symbol
  • Open Termination Date
  • Tax Status:
    Regulated Investment Company
  • $1.13184 Public Offering Price
    (End of deposit date)
  • 3.90% Maximum Sales Charge
  • Sales Charge Schedule
  • Sales Charge Volume Discount
  • 8.63 Average Maturity
    (as of 04/17/2015)
  • 8.63 ELTR Life2
    (as of 04/17/2015)
  • Estimated Frequency of Offering:
    12 months
  • 36290H246 Monthly CUSIP
  • 36290H253 Wrap CUSIP
  • 3 Number of Issues
    (as of 04/15/2015)
  • 1 Number of Issuers
    (as of 04/15/2015)
  • 3,613,720 Portfolio Size (units)
    (as of 10/16/2012)
  • - Pre-refunded (%)
    (as of 10/16/2012)
  • - Single Family (%)
    (as of 10/16/2012)
  • - Zero Coupon (%)
    (as of 10/16/2012)
  • Jul 20, 2042 Next Call Date
    (as of 10/16/2012)