EQUITY INVESTOR FD CONCEPT SER TELE GLOBAL TR 2000 SE B DAF
497, 2000-11-09
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Tele-Global Trust Series  00B [ 8/17/2000 -  Current Offering ] | cusip:  29471Q358
Fund Overview
As of November 7, 2000
Closing NAV:  0.85738 Previous Close:  0.84946 Change: +0.00792 % Change:+0.93236%

The Objective:
The Portfolio seeks capital appreciation by investing in a selection of domestic and foreign common stocks in the telecommunications industry.

The Strategy:
The Tele-Global Trust offers an opportunity to participate in the communications revolution. This two-year Trust seeks capital appreciation by investing in domestic and foreign telecommunications companies we believe are well-positioned to benefit from industry trends including:


  • Advances in telecommunications technology;
  • Increasing demand for telecommunications products and services;
  • Global expansion of telecommunications services (especially from privatization of government-owned facilities); and
  • U.S. legislation enabling telephone companies, cable providers and others to offer multi-service packages.

The Portfolio follows a "buy and hold" investment strategy, selecting stocks and holding them for about two-years. However, each stock is reviewed regularly and can be sold in the event of a significant adverse development. At the end of two years, we intend to reapply the screening process to create a new Portfolio. You can choose to roll your proceeds into the new Portfolio, if available, or redeem your investment.

Offered By:
This portfolio is offered by Merrill Lynch (TGS00B), Salomon Smith Barney (TGS00B), PaineWebber (TGS00B), Morgan Stanley Dean Witter (GTEL00B).



Portfolio Holdings
Dividend information for the securities listed below is available in the prospectus for this Fund.
The offering, redemption and repurchase prices for the Fund take into account expenses and sales charges.
Therefore, you will not be able to calculate these prices (or related performance information)
with the security prices and weightings listed below.


As of Tuesday, November 07, 2000
SecuritySymbolPrice% of Portfolio
Powerwave Technologies Inc.PWAV53.3110.05
America Online, Inc.AOL57.617.13
Scientific-Atlanta, Inc.SFA66.567.12
Polycom Inc.PLCM67.006.03
AlcatelALA65.885.38
Cisco Systems, Inc.CSCO56.754.15
Corning, Inc.GLW68.254.03
ADVANCED FIBRE COMMUNICATIONS INC.AFCI33.88 4.00
Convergys CorporationCVG 47.383.87
Dycom Industries, Inc.DY42.253.69
Nokia CorporationNOK41.88 3.65
CSG Systems InternationalCSGS50.253.25
BellSouth CorporationBLS46.563.14
Motorola, Inc.MOT24.133.12
United States Cellular CorporationUSM58.35 3.12
Nortel Networks CorporationNT 42.133.08
ADC Telecommunications, Inc.ADCT24.502.90
ADTRAN, Inc.ADTN40.812.87
Telefonaktiebolaget LM Ericsson ABERICY12.502.64
MCI WorldCom, Inc.WCOM17.882.31
Telefonica S.A.TEF58.382.30
SBC Communications, Inc.SBC57.062.09
Sprint CorporationFON 24.691.88
ALLTEL CorporationAT62.811.77
France Telecom S.A.FTE103.191.74
Verizon CommunicationsVZ54.941.70
Vodafone Group PLCVOD 36.501.54
Antec CorporationANTC14.941.43



Selection Methodology:

Our research analysts used the following screening process to select Trust stocks:

  • Identify telecommunications companies we believe have growth potential over the next two years;

  • Perform thorough financial analyses, including the review of each company's operating history, balance sheet and cash flow to determine credit quality;

  • Review the stocks for liquidity, market share and timeliness of purchase.




We're sorry...

Performance figures for the most recent quarter are not yet available; we'll post them as soon as possible.



Fees & Expenses

Defining Your Costs
You will pay an initial sales charge of about 1% the first time you buy. In addition, you'll pay a deferred sales charge in six monthly installments of $2.50 per 1,000 units, deducted from the Portfolio's net asset value each year of its two-year life ($30.00 total).
  As a % of
Public Offering Price
Amount Per
1,000 Units

Initial Sales Charge 1.00% $10.00
Deferred Sales Charge Year 1 1.50% $15.00
Deferred Sales Charge Year 2 1.50% $15.00
 
Maximum Sales Charge 4.00% $40.00
Annual Creation and Development Fee
(as a % of net assets on date of deposit - 8/17/2000)
0.250% $2.48
Estimated Annual Expenses
(as a % of net assets on date of deposit)
0.188% $1.86
Estimated Organization Costs  $1.58
 

If you sell your units before the final deferred sales charge installment in either the first or second year, the remaining balance of your deferred sales charge for that year will be deducted, along with the estimated costs of selling Portfolio securities. If you roll over to a successor Portfolio, if available, the initial sales charge on that Portfolio will be waived. You will only pay the deferred sales charge.
Volume Purchase Discounts
For larger purchases, the overall sales charges are reduced to put more of your investment dollars to work for you.

If You
Invest:
Your Maximum Two-Year Sales Charge
(as a % of your investment) Will Be:

Less than $50,000 4.00%
$50,000 to $99,999 3.75%
$100,000 to $249,000 3.25%
$250,000 to $999,999 3.00%
$1,000,000 or more 2.25%



Is this Fund appropriate for you?

Yes, if you want capital appreciation. You may benefit from a professionally selected and supervised portfolio whose risk is reduced by investing in equity securities of different issuers.

Risk Considerations

Please keep in mind the following factors when considering this investment. Your financial professional will be happy to answer any questions you may have.

There can be no assurance that this Portfolio will meet its objective, that dividend rates will be maintained or that stock prices will not decrease.

The Portfolio consistes entirely of telecommunications stocks, which can involve special risks including increasing competition and capital needs, rapid changes in technology and changing regulation. This Portfolio is concentrated in foreign stocks, which can involve special risks.

The value of your investment will fluctuate with the prices of the underlying stocks. Foreign stocks will also fluctuate with changes in currency exchange rates. Stock prices can be volatile, and foreign stocks may be subject to greater price volatility and political developments.

An investment in this Portfolio may be considered speculative. The Portfolio is designed for investors who can assume the risks associated with equity investments, and may not be appropriate for investors seeking capital preservation or high current income.

For more information on risk considerations, see the prospectus for this Fund.




Distributions and Taxes

  Distribution Frequency (if any)
    Two (2) per year.
 
  Reinvestment Options
    By selecting the reinvestment option, you may choose to have your distributions used to purchase additional units of the fund (reinvestment). As such, your investment will increase each distribution period. Because distributions are based in part on the size of your investment, these payments may increase proportionately.
  Tax Reporting
   

When seeking capital appreciation, managing tax liability on capital gains can be important to your overall return. By holding this Fund for more than one year, individuals may be eligible for favorable federal tax rates on net long-term capital gains (currently no more than 20%).

Generally, dividends and any net capital gains will be subject to tax each year, whether or not reinvested. However, on rollovers to future Portfolios, if available, certain investors may defer recognition of gains and losses on stocks that are transferred to the new Portfolio. Please consult your tax advisor concerning state and local taxation.




Trustee

 

The Bank of New York
Unit Investment Trust Department
PO Box 974
Wall Street Division
New York, New York 10268-0974
1-800-221-7771

Defined Asset Funds® are established as Unit Investment Trusts. By definition, a trust account requires a trustee. The trustee holds the trust securities, ensuring their safekeeping until the trust is terminated. The trustee is also responsible for recordkeeping, for collecting any interest or dividend income and principal payments, and for distributing this money to investors.



                   L I N K S  T O  S P O N S O R  W E B  S I T E S                   
Merrill Lynch   |   Salomon Smith Barney   |   PaineWebber   |   Morgan Stanley Dean Witter

The performance, fee and expense information included on this site will differ for Defined Asset Funds held in certain eligible accounts offered by the Sponsors. Please contact your financial professional for more information on these types of accounts.

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