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Previous: WELLS FARGO ASSET SEC CORP MORT PASS THR CERT SER 2000-2, 8-K, EX-99.1, 2000-09-08 |
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| Select Ten United Kingdom Portfolio | Series 003 [8/11/00 - Current Offering] | cusip: 29471R125 |
| Fund Overview
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| As of August 24, 2000 | ||||
| Closing NAV: 0.98248 | Previous Close: 0.98817 | Change: -0.00569 | % Change: -0.58000% |  |
The Objective:The United Kingdom Portfolio seeks total return through a combination of current dividend income and capital appreciation. The Strategy: The Portfolio looks for potential values in the United Kingdom equity market by investing in established companies whose prices may be depressed. It consists of approximately equal values of the ten Financial Times Industrial Ordinary Share Index (FT Index) stocks with the highest dividend yield, selected shortly before the Portfolio's offering. Each year we intend to reapply the screening process to select a new Portfolio. You can roll your proceeds into the new Portfolio, if available, at a reduced sales charge, or you can redeem your investment. Although each Portfolio is a one-year investment, we recommend you stay with this Strategy for at least three to five years for potentially more consistent results. Offered By: This portfolio is offered by Merrill Lynch (UKT003), PaineWebber (UKT003), Morgan Stanley Dean Witter (FTSE003), Salomon Smith Barney (UKT003). |
| 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) | |||
| As of August 24, 2000 | |||
| Security | Symbol | Price | % of Portfolio |
| Peninsular and Oriental Steam Navigation Company | PO GS | 9.21 | 10.88 |
| Boots Company Plc | BOOTGS | 8.17 | 10.82 |
| Lloyds TSB Group Plc | LLOYGS | 9.48 | 10.79 |
| Royal & Sun Alliance Insurance Group PLC | RSA GS | 7.11 | 10.73 |
| Marks & Spencer Plc | MKS GS | 3.10 | 9.80 |
| Imperial Chemical Industries Plc | ICI GS | 6.97 | 9.71 |
| Blue Circle Industries PLC | BCI GS | 6.05 | 9.68 |
| Scottish Power PLC | SPW GS | 7.93 | 9.62 |
| Tate & Lyle Plc | TATEGS | 4.10 | 9.31 |
| British Airways | BAY GS | 4.96 | 8.55 |
Selection Methodology Only stocks from the FT Index are selected for the Portfolio. A screening process is used to select the ten highest dividend-yielding stocks from the FT Index. A higher yield may indicate that a stock is out of favor. The financial strength of these companies makes it possible that they can rebound from such price under-valuation.
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| Performance | |||||
| Performance From Inception Through June 30, 2000 | |||||
| Including Annual Rollovers | Most Recently Completed Portfolio | ||||
| Series | Inception Date | Cumulative Total Return | Average Annual Total Return |
Offer to End Date | Return |
| Series B | 6/21/93 | 45.86% | 5.52% | 6/1/98 - 7/9/99 | -0.46% |
| Series C | 9/28/93 | 56.29% | 6.83% | 9/28/98 - 10/29/99 | 19.62% |
| Series A | 1/5/94 | 41.92% | 5.54% | 2/4/99 - 3/10/00 | -6.20% |
| Series 3 | 7/22/96 | 37.50% | 8.41% | 8/3/98 - 9/10/99 | 6.80% |
| Series 5 | 11/1/96 | 28.59% | 7.11% | 11/16/98 - 12/17/99 | 14.84% |
| Series 1 | 2/25/97 | 36.86% | 9.83% | 3/8/99 - 4/7/00 | -1.33% |
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.
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| 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%. |
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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 - 8/11/00) |
0.250% | $2.48 |
| Estimated Annual Expenses (as a % of net assets on date of deposit) |
0.322% | $3.18 |
| Estimated Organization Costs | $3.82 | |
| 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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| If You Invest: |
Your Maximum Sales Charge (as a % of your investment) Will Be: |
| 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 current dividend income and capital appreciation. You may benefit from a professionally selected and supervised portfolio whose risk is reduced by investing in international equity securities of different issuers in a variety of industries.
Risk Considerations
The value of your investment will change with the prices of the underlying stocks and currency exchange rates.The prices of United Kingdom stocks fluctuate widely.
The Portfolio may not be appropriate for investors seeking either preservation of capital or high current income, nor would it be suitable for investors unable or unwilling to assume the increased risks of higher price volatility and currency
fluctuations associated with investments in international equities.
The Portfolio should not be considered a complete investment program and may be considered speculative.
There can be no assurance that the Portfolio will meet its objective, that dividend rates will be maintained, that stock prices or currency exchange rates will not decline or that the Portfolio will outperform the Index.
These stocks may have higher yields because they or their industries may be experiencing financial difficulties or are out of favor. There can be no assurance that the
market factors which cause these relatively low prices will change.
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Distributions and Taxes |
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| Distribution Frequency (if any) | ||
Two (2) per year |
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Reinvestment Options |
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By selecting the reinvestment option, you're choosing to have your distributions used to purchase additional units of the fund (reinvestment). As such, your investment will increase each distribution period, and because distribution payments are based in part on the size of your investment, these payments may increase proportionately. Taking part in the cycle of reinvestment may compound the returns of your Defined Fund investment. |
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Tax Reporting |
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U.S. investors will include in income their share of dividends, grossed up for certain taxes paid by U.K. issuers; however they may not be able to obtain refunds for such taxes. Generally, dividends and any gains will be subject to tax each year, whether or not reinvested. However, on rollovers to future Portfolios, if available, certain 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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The publisher of the Financial Times Index has not participated in any way in the creation of the Portfolio or in the selection of its stocks, nor approved any information included in this, the brochure or the prospectus. 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.
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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