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Previous: EQUITY INVESTOR FUND SELECT TEN PORT 2000 SERIES B DAF, 497, 2000-07-10 |
Next: PNC MORTGAGE SECURITIES CORP MORT PASS THRO CERT SER 2000-2, 8-K, 2000-07-10 |
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| Select Ten Portfolio | Series 00B [6/12/00 - Current Offering] | cusip: 29471Q663 |
| Fund Overview |
| As of July 05, 2000 | ||||
| Closing NAV: 0.95156 | Previous Close: 0.94328 | Change: 0.00828 | % Change: +0.88000% |  |
The Objective:The Portfolio seeks total return through a combination of capital appreciation and current dividend income, by investing for about one year in approximately equal values of the ten highest dividend-yielding stocks of the Dow Jones Industrial Average (DJIA) at the time the Portfolio initially was offered. The Strategy: The Portfolio looks for potential values through a contrarian investing approach - buying stocks of established companies whose stock prices show the highest yields, indicating that their prices may be depressed.
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Offered By: This portfolio is offered by Merrill Lynch (DOW00B), PaineWebber (DOW00B), Morgan Stanley Dean Witter (MDOW00B), Salomon Smith Barney (DOW00B). |
| Portfolio Holdings |
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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 July 05, 2000 | |||
| Security | Symbol | Price | % of Portfolio |
| MINNESOTA MNG & MFG CO COM | MMM | 88.44 | 11.29 |
| EASTMAN KODAK CO COM | EK | 60.31 | 10.93 |
| PHILIP MORRIS COS INC COM | MO | 27.88 | 10.60 |
| AT&T CORP COM | T | 33.50 | 10.25 |
| SBC Communications | SBC | 45.75 | 9.92 |
| DU PONT E I DE NEMOURS COM | DD | 45.06 | 9.77 |
| INTL PAPER CO COM | IP | 31.00 | 9.67 |
| CATERPILLAR INC DEL COM | CAT | 35.19 | 9.61 |
| MORGAN J P & CO INC COM | JPM | 115.31 | 9.08 |
| GENERAL MTRS CORP COM | GM | 60.19 | 8.94 |
Selection MethodologyWe select the ten highest dividend-yielding stocks from the Dow Jones Industrial Average (DJIA). The financial strength of these companies makes it likely that they can rebound from current price under-valuation.
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| Performance |
| Performance From Inception Through March 31, 2000 (including annual rollovers) |
| Series | Inception Date | Cumulative Total Return | Average Annual Total Return |
Most Recently Completed Portfolio | |
| Offer to End Date | Return | ||||
| Series B | 5/17/91 | 173.44% | 11.99% | 6/1/98 - 7/9/99 | 6.82% |
| Series A | 1/3/92 | 136.86% | 11.02% | 2/4/99 - 3/10/00 | -15.59% |
| Series C | 9/1/92 | 168.06% | 13.89% | 9/28/98 - 10/29/99 | 11.44% |
| Series 3 | 7/22/96 | 46.37% | 10.87% | 8/3/98 - 9/10/99 | 11.05% |
| Series 5 | 11/1/96 | 32.57% | 8.61% | 11/16/98 - 12/17/99 | 2.36% |
| Series J | 1/2/97 | 14.21% | 4.18% | 1/11/99 - 2/11/00 | -18.07% |
| Series 1 | 2/25/97 | 4.11% | 1.31% | 3/2/98 - 4/9/99 | 2.65% |
| Series 2 | 4/28/97 | 12.96% | 4.25% | 5/4/98 - 6/4/99 | 2.47% |
| Series 4 | 9/3/97 | 2.31% | 0.89% | 9/8/98 - 10/15/99 | 8.75% |
| Past performance is no indication of future results.
Principal value, unit prices and investment returns fluctuate with changes in market conditions.
Your investment may be worth more or less than your original cost when you redeem.
Return figures represent changes in unit price plus reinvestment of income and principal
distributions and reflect deduction of maximum applicable sales charges and expenses.
Average Annualized Return differs from Most Recently Completed Portfolio because the
figures reflect different performance periods and a reduced sales charge on annual rollovers.
Contact your Financial Professional for a free prospectus (or download one from this site) containing more complete information on any Defined Asset Fund, including sales charges, expenses and risks. Please read it carefully before you invest or send money. |
| Fees & Expenses |
| Defining Your
Costs First-time investors pay an initial sales charge of about 1% when they buy. In addition, all investors pay a deferred sales charge of $15.00 per 1,000 units, about 1.50%. |
| As a % of Public Offering Price |
Amount Per 1,000 Units |
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| Initial Sales Charge | 1.00% | $10.00 |
| Deferred Sales Charge | 1.50% | $15.00 |
| Maximum Sales Charge | 2.50% | $25.00 |
| Creation and Development Fee (as a % of net assets on date of deposit - 6/12/00) |
0.250% | $2.48 |
| Estimated Annual Expenses
(as a % of net assets on date of deposit) |
0.159% | $1.57 |
| Estimated Organization Costs | $0.72 | |
| If you sell your units before the termination date, the remaining balance of your deferred sales charge will be deducted, along with the estimated costs of selling Portfolio securities, from the proceeds you receive. 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 on that Portfolio. | ||
| Volume Purchase Discounts For larger purchases, the overall sales charges are reduced to put more of your investment dollars to work for you.
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| Amount Purchased |
Total Sales Charge as a % of Public Offering Price |
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| Less than $50,000 | 2.50% | |
| $50,000 to $99,999 | 2.25% | |
| $100,000 to $249,000 | 1.75% | |
| $250,000 to $999,999 | 1.50% | |
| $1,000,000 or more | 0.75% | |
Is this Fund appropriate for you?Yes, if you seek dividend income and capital appreciation. You may benefit from a professionally selected and supervised portfolio whose risk is reduced by investing in equity securities of different issuers in a variety of industries.
Risk Considerations
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.
The value of your investment will fluctuate with the prices of the underlying stocks. Stock prices
can be volatile.
There can be no assurance that the Portfolio will meet its objective, that dividend rates will be
maintained, that stock prices will not decrease over the life of the Portfolio or that the Portfolio
will outperform the indices.
These stocks may have higher yields because they or their industries are
experiencing financial difficulties or are out of favor. There can be no assurance
that the market factors which caused these relatively low prices will change.
Stocks are chosen during the screening process for characteristics such as quality
and value, which may be at odds with those of the stocks driving the market at any given time.
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Distributions and Taxes |
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| Distribution Frequency (if any) | ||
| Four (4) per year | ||
| Reinvestment Options | ||
| By selecting the reinvestment option, you're choosing to have your distribution payments used to purchase additional units of the fund (reinvestment). As such, your principal will increase each distribution period, and because distribution payments are based in part on the size of your invested principal, these payments may increase proportionately. Taking part in the cycle of reinvestment may compound the returns of your Defined Fund investment. | ||
| Tax Reporting | ||
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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 gains will be subject to tax each year, whether or not reinvested. However, on rollovers to future Portfolios, if available, investors can 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. |
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| Trustee | ||
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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.
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| 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 |
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Dow Jones & Company, Inc.,
owner of the name "Dow Jones Industrial Average", is unaffiliated with,
and did not participate in the creation of the Portfolio or the selection
of its stocks, and has neither reviewed nor approved any information in this
medium, brochure or prospectus relating to the Portfolio. Not all strategies are appropriate at all times. The opinions expressed in this site do not constitute investment advice. Independent advice should be sought in cases of doubt.
For more complete information about any of the funds, including their risks, fees, sales charges and other expenses,
please download a prospectus from this site, or obtain one free of charge from your financial professional.
The prospectus should be read carefully before you invest or send money.
Not all funds are registered for sale in all states. Ask your financial representative about the
availability of specific funds in your state. In addition, the funds described here are not available
to investors outside the US. Defined Asset Funds are sold by prospectus only. The prospectus is not an
offer to sell or a solicitation of an offer to buy units in the funds, nor shall any such units be offered
or sold to any person in any jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such jurisdiction.
As a unitholder, you may receive taxable dividends and capital gains. Taxes on these distributions
can affect the returns you realize from your investment. The Sponsors do not offer tax advice except
to suggest that you consider the impact of taxes and that you may want to consult with your tax advisor
before making any investment.
Funds holding international securities can involve different risks than US investments.
The risks include political and economic instability, changing currency exchange rates, foreign
taxes and differences in financial accounting standards. |
| Use of this site signifies your acceptance of our Terms and Conditions and Privacy Policy The information on this Internet site is directed at, and is intended for distribution to, and use by, persons in the United States only. |
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