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Previous: GARDEN BAY INTERNATIONAL INC, 10-12B/A, 2000-08-04 |
Next: MELLON RESIDENTIAL FUNDING CORP MORT PAS THR TR SE 2000 TBC2, 8-K, 2000-08-04 |
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| Institutional Holdings Portfolio | Series 00C [7/19/00 - Current Offering] | cusip: 29471Q853 |
| Fund Overview |
| As of July 26, 2000 | ||||
| Closing NAV: 1.00791 | Previous Close: 1.01546 | Change: -0.00755 | % Change: -0.74000% |  |
The Objective:The Portfolio seeks capital appreciation by investing in a selection of common stocks drawn from the Amex Institutional IndexTM, excluding utilities, if any. The Strategy: We apply our Multi-Disciplined stock-selection strategy to the Amex Institutional Index, a capitalization-weighted index of the 75 stocks most widely held among professionally managed institutional portfolios with market values in excess of $100 million. While there can be no guarantee of results, the strategy is intended to produce a balanced portfolio of attractive large-cap stocks. |
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| Offered By: This portfolio is offered by Merrill Lynch (IHP00C), Morgan Stanley Dean Witter (IHP00C). |
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| 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 26, 2000 | |||
| Security | Symbol | Price | % of Portfolio |
| JDS UNIPHASE CORP | JDSU | 135.94 | 5.91 |
| AMERICAN INTL GROUP INC COM | AIG | 124.88 | 5.43 |
| DISNEY WALT CO DEL COM | DIS | 38.06 | 5.40 |
| NORTEL NETWORKS CORP. HOLDING CO. | NT | 83.88 | 5.35 |
| AMERICAN EXPRESS CO COM | AXP | 55.63 | 5.16 |
| ORACLE SYSTEMS CORP COM | ORCL | 76.75 | 5.11 |
| TYCO INTERNATIONAL LTD COM | TYC | 55.06 | 5.10 |
| MEDTRONIC INC COM | MDT | 51.75 | 5.10 |
| NOKIA CORP | NOK | 54.94 | 5.09 |
| ENRON CORP COM | ENE | 72.31 | 5.03 |
| GENERAL ELEC CO COM | GE | 52.19 | 4.99 |
| WELLS FARGO COMPANY | WFC | 40.94 | 4.98 |
| MOTOROLA INC COM | MOT | 36.63 | 4.88 |
| LILLY ELI & CO COM | LLY | 98.88 | 4.87 |
| CITIGROUP INC. | C | 69.63 | 4.84 |
| NEXTEL COMMUNICATIONS | NXTL | 64.00 | 4.82 |
| ERICSSON L M TEL CO ADR CL B SEK10 | ERICY | 20.38 | 4.66 |
| MORGAN STANLEY,DEAN WITTER& CO | MWD | 93.00 | 4.58 |
| CORNING INC COM | GLW | 258.13 | 4.49 |
| VERITAS SOFTWARE CORPORATION | VRTS | 106.13 | 4.31 |
Selection MethodologyUsing the Amex Institutional Index (excluding utilities) as our universe of stocks, we selected stocks for the Portfolio by applying a combination of fundamental and technical screening methodologies with an emphasis on momentum, based on the following criteria:
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| Fees & Expenses | ||
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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%. |
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| 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 - 7/19/00) |
0.250% | $2.48 |
| Estimated Annual Expenses (as a % of net assets on date of deposit) |
0.207% | $2.04 |
| Estimated Organization Costs | $2.03 | |
| 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. | ||
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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 want capital appreciation. You will benefit from a professionally selected and supervised portfolio based on a multi-disciplined strategy applied to the Amex Institutional Index.
Risk Considerations
Each screen involves an element of momentum, which may result in underperformance in declining markets.
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 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.
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| Distributions and Taxes |
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| Distribution Frequency (if any) | ||
| Two (2) 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 Chase Manhattan Bank Unit Investment Trust Department 4 New York Plaza - 6th Floor New York, New York 10004 1-800-323-1508 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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"Amex" and "Amex Institutional Index" are trademarks of the American Stock Exchange, LLC, a subsidiary of the NASD, and have been licensed for use by Defined Asset Funds. The Portfolio is not sponsored, managed,
sold or promoted by the American Stock Exchange. The American Stock Exchange does not guarantee the accuracy or completeness of the Amex Institutional Index.
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. |
| 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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