BCCANX Blue Chip Covered Call Portfolio


The trust seeks to provide income and limited capital appreciation. There is no assurance that the trust will achieve its objective.

Strategy Description

The trust seeks to achieve its objective by investing in a portfolio primarily consisting of common stock of companies that the Sponsor considers to be “blue chip” companies (the “Common Stocks” or “Covering Securities”) and U.S. Treasury obligations (the “Treasury Obligations”). Each Covering Security is subject to a contractual right, in the form of Long Term Equity AnticiPation Securities (“LEAPS®”) which give the holder of the LEAPS® the right to buy the corresponding Covering Security at a predetermined price from the trust on any business day prior to the expiration of the LEAPS®. The writing of the LEAPS® generates premium income which is used to purchase the Treasury Obligations.

Summary Data

Label Value
Status Secondary
Sponsor Advisors Asset Management
Series Series 2020-4Q
Asset Class Domestic Equity
Investment Strategy/Goal BuyWrite
Investment Type/Style Equity - Covered Call

Performance Disclosure

Cumulative returns of each unit investment trust series are based on distributions received in cash and recognized on the ex-dividend date and paid out on the payable date during the life of the unit investment trust. Returns are calculated excluding the Transactional Sales Charge for each unit investment trust series but does reflect the Creation & Development Fee and trust operating expenses as incurred for each unit investment trust series. The returns do not adjust for taxes. If adjusted or taxes, the effects of taxation would reduce the performance depicted.

Past performance is no indicator of future results. Investment return and principal value will fluctuate with changes in market conditions. An investment in units of a unit investment trust when redeemed may be worth more or less than the original investment.

Unit Investment Trust ("UIT") Investment Risks

There is no assurance that a unit investment trust will achieve its investment objective.

Unit investment trusts are unmanaged. You can lose money investing in unit investment trusts. When sold, units may be worth more or less than the original amount invested. Depending upon the specific product offering, investment risks include, but are not limited to, interest rate risk, credit risk, call risk and liquidity risk.

Product(s) discussed herein are not FDIC insured, may lose value, and are not bank guaranteed. You should not purchase an investment product or make an investment recommendation until you have read the specific offering documentation and understand the specific investment terms, features, risks, fees, charges and expenses of such investment.