Strategic Income Select Closed-End, 61 (Terminated)   Ticker: FLFFBX
 
* All distributions are considered estimated until Record Date.
** Reinvestment price reflects the price at which distributions were reinvested and applies only to units purchased through the reinvestment CUSIP.
Record
Date *
Distribution
Date
Reinvest
Date
Reinvest
Price **
Reinvest
Interest
Principal
Distributions
(per unit)
Income Distributions (per unit)
Monthly Quarterly Semi-Annual Annual
11/10/22 11/25/22 11/22/22 $10.44630 N/A --- $0.06600 --- --- ---
12/10/22 12/25/22 12/22/22 $9.97470 N/A --- $0.08330 --- --- ---
12/30/22 01/09/23 01/05/23 $10.05470 N/A $0.00030 $0.02680 --- --- ---
01/10/23 01/25/23 01/23/23 $10.64930 N/A --- $0.08220 --- --- ---
02/10/23 02/25/23 02/23/23 $10.45350 N/A --- $0.08220 --- --- ---
03/10/23 03/25/23 03/23/23 $9.72150 N/A --- $0.08220 --- --- ---
04/10/23 04/25/23 04/21/23 $9.97220 N/A --- $0.07900 --- --- ---
05/10/23 05/25/23 05/23/23 $9.67710 N/A --- $0.07900 --- --- ---
06/10/23 06/25/23 06/22/23 $9.95970 N/A --- $0.07900 --- --- ---
07/10/23 07/25/23 07/21/23 $10.22910 N/A --- $0.07780 --- --- ---
08/10/23 08/25/23 08/23/23 $10.00490 N/A --- $0.07780 --- --- ---
09/10/23 09/25/23 N/A N/A N/A --- $0.08140 --- --- ---
10/10/23 10/25/23 N/A N/A N/A --- $0.07910 --- --- ---
11/10/23 11/25/23 N/A N/A N/A --- $0.07910 --- --- ---
12/10/23 12/25/23 N/A N/A N/A $0.12640 $0.07910 --- --- ---
01/10/24 01/25/24 N/A N/A N/A --- $0.07930 --- --- ---
02/10/24 02/25/24 N/A N/A N/A --- $0.07930 --- --- ---
03/10/24 03/25/24 N/A N/A N/A $0.00080 $0.07930 --- --- ---
04/10/24 04/25/24 N/A N/A N/A --- $0.08090 --- --- ---
05/10/24 05/25/24 N/A N/A N/A --- $0.08090 --- --- ---
06/10/24 06/25/24 N/A N/A N/A --- $0.08090 --- --- ---
07/10/24 07/25/24 N/A N/A N/A --- $0.08310 --- --- ---
08/10/24 08/25/24 N/A N/A N/A --- $0.08310 --- --- ---
09/10/24 09/25/24 N/A N/A N/A --- $0.08750 --- --- ---
10/17/24 10/18/24 N/A N/A N/A $11.19850 --- --- --- ---
      Sub-Totals:          
      2022 --- $0.14930 --- --- ---
      2023 $0.12670 $0.98470 --- --- ---
      2024 $11.19930 $0.73430 --- --- ---
      Totals:          
        $11.32600 $1.86830 --- --- ---

Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and distributed to your financial reporting institution, via the Trustee, during the 1st calendar quarter annually.

Risk Considerations

Brexit Risk. The United Kingdom's official departure from the European Union (commonly referred to as "Brexit") led to volatility in global financial markets, in particular those of the United Kingdom and across Europe, and the weakening in political, regulatory, consumer, corporate and financial confidence in the United Kingdom and Europe. It is not currently possible to determine the extent of the impact that Brexit may have on the portfolio's investments and this uncertainty could negatively impact current and future economic conditions in the United Kingdom and other countries, which could negatively impact the value of the portfolio's investments.

Buy & Hold Risk – Taxable Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

Closed-End Fund Risk. Closed-end funds are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding the funds or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, closed-end funds frequently trade at a discount to their net asset value in the secondary market. Certain closed-end funds employ the use of leverage, which increases the volatility of such funds.

Covenant-Lite Loan Risk. Certain of the funds invest significantly in "covenant-lite" loans, which are loans made with minimal protections for the lender. Because covenant-lite loans are less restrictive on borrowers and provide less protection for lenders than typical corporate loans, the risk of default may be significantly higher.

Floating Rate Risk. Certain of the funds invest in floating-rate securities. A floating-rate security is an instrument in which the interest rate payable on the obligation fluctuates on a periodic basis based upon changes in an interest rate benchmark. As a result, the yield on such a security will generally decline in a falling interest rate environment, causing the trust to experience a reduction in the income it receives from such securities.   

Foreign Securities Risk. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

High-Yield or Junk Bonds Risk. Investing in high-yield securities should be viewed as speculative and you should review your ability to assume the risks associated with investments that utilize such bonds. High-yield securities are subject to numerous risks including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated bonds and are affected by short-term credit developments to a greater degree.

Investment Grade Bonds Risk. Investment grade securities are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade security market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

Market Disruption Risk. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain investments as well as performance.

Options Risk. Options are subject to various risks including that their value may be adversely affected if the market for the option becomes less liquid or smaller. In addition, options will be affected by changes in the value and dividend rates of the stock subject to the option, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the common stock and the remaining time to expiration.

Public Health Crisis Risk. A public health crisis, and the ensuing policies enacted by governments and central banks in response, could cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects.

Senior Loans Risk. The yield on senior loans will generally decline in a falling interest rate environment and increase in a rising interest rate environment. Senior loans are generally below investment grade quality ("junk" bonds). An investment in senior loans involves the risk that the borrowers may default on their obligations to pay principal or interest when due.

Volatility Risk. The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers.

Additional Risk. For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.

Important Note. It is important to note that an investment can be made in the underlying funds directly rather than through the trust. These direct investments can be made without paying the trust's sales charge, operating expenses and organizational costs.

Operational Risk. As the use of Internet technology has become more prevalent in the course of business, the trust has become more susceptible to potential operational risks through breaches in cybersecurity.


Income distributions per unit will vary with changes in interest received on the underlying bonds and with changes in the trust's fees and expenses. Generally, as bonds in the portfolio mature or are redeemed by the issuer, income distributions per unit will decrease. Principal distributions per unit will be made only when the trust receives principal cash, generally from bonds maturing or proceeds from bond calls, and therefore will vary. With the exception of zero coupon bonds, bonds are generally callable at par value, or possibly, at a premium over par. Zero coupon bonds are generally callable at their accreted value on the call date or, possibly, at a premium over such accreted value. Both income and principal distributions may be affected by the sale of bonds in the portfolio. Refer to the prospectus for a further discussion of the factors which could affect income and principal distributions.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.