Advisors Core Equity Strategy Portfolio, Series 2018-3Q ......236 PTEN Patterson-UTI Energy, Inc....

Prospectus

August 20, 2018

As with any investment, the Securities andExchange Commission has not approvedor disapproved of these securities orpassed upon the adequacy or accuracy ofthis prospectus. Any contrary representa-tion is a criminal offense.

Advisors Core Equity Strategy Portfolio, Series 2018-3Q

Bahl & Gaynor Income Growth Portfolio, Series 2018-3Q

Blue Chip Portfolio, Series 2018-3Q

Dividend Advantage Portfolio, Series 2018-3Q

Dividend Sustainability Portfolio, Series 2018-3Q — A HartfordInvestment Management Company (“HIMCO”) Portfolio

The Dow® Value Ten Portfolio, Series 2018-3Q

Energy Opportunities Portfolio, Series 2018-3Q

European Select Portfolio, Series 2018-3Q — A Cyrus J. Lawrence LLC(“CJL”) Portfolio

International High 30 Dividend Portfolio, Series 2018-3Q

Minimum Volatility Equity Income Portfolio, Series 2018-3Q — AHartford Investment Management Company (“HIMCO”) Portfolio

Strategic Foundations of Growth Portfolio, Series 2018-3Q

Strategic High 80 Dividend Portfolio, Series 2018-3Q

Tactical Plus Closed-End Portfolio - 15 Month, Series 2018-3Q

Ubiquitous Strategy Portfolio - 15 Month, Series 2018-3Q

(Advisors Disciplined Trust 1889)

IINNVVEESSTTMMEENNTT OOBBJJEECCTTIIVVEE

The trust seeks to provide above average totalreturn primarily through capital appreciation.There is no assurance the trust will achieve itsobjective.

PPRRIINNCCIIPPAALL IINNVVEESSTTMMEENNTT SSTTRRAATTEEGGYY

The trust seeks to provide above average totalreturn, primarily through capital appreciation, byinvesting in a portfolio of stocks of companies thatwe* believe can take advantage of the current eco-nomic landscape. The securities were selected byanalyzing factors including market capitalization,economic sectors, revenues, revenue growth, earn-ings, earnings growth, balance sheet strength andvaluation. In selecting stocks for the portfolio, wesought to include both growth and value stocksand provide diversification across market capital-izations and multiple industry sectors. The trustmay be appropriate as a core position in the equityallocation portion of an investor's overall portfolio.

PPRRIINNCCIIPPAALL RRIISSKKSS

As with all investments, you can lose money byinvesting in this trust. The trust also might notperform as well as you expect. This can happen forreasons such as these:

• SSeeccuurriittyy pprriicceess wwiillll fflluuccttuuaattee. The value ofyour investment may fall over time.

• AAnn iissssuueerr mmaayy bbee uunnwwiilllliinngg oorr uunnaabbllee ttooddeeccllaarree ddiivviiddeennddss iinn tthhee ffuuttuurree,, oorr mmaayy rreedduucceetthhee lleevveell ooff ddiivviiddeennddss ddeeccllaarreedd.. This mayresult in a reduction in the value of your units.

• TThhee ffiinnaanncciiaall ccoonnddiittiioonn ooff aann iissssuueerr mmaayywwoorrsseenn oorr iittss ccrreeddiitt rraattiinnggss mmaayy ddrroopp,, rreessuulltt--iinngg iinn aa rreedduuccttiioonn iinn tthhee vvaalluuee ooff yyoouurr uunniittss..This may occur at any point in time, includ-ing during the initial offering period.

• TThhee ttrruusstt mmaayy iinnvveesstt iinn sseeccuurriittiieess ooff ssmmaallll aannddmmiidd--ssiizzee ccoommppaanniieess.. These securities are oftenmore volatile and have lower trading volumesthan securities of larger companies. Small andmid-size companies may have limited productsor financial resources, management inexperi-ence and less publicly available information.

• WWee ddoo nnoott aaccttiivveellyy mmaannaaggee tthhee ppoorrttffoolliioo..Except in limited circumstances, the trust willhold, and continue to buy, shares of the samesecurities even if their market value declines.

2 Investment Summary

ADVISORS CORE EQUITY STRATEGY PORTFOLIO

* “AAM,” “we” and related terms mean Advisors Asset Management,Inc., the trust sponsor, unless the context clearly suggests otherwise.

WWHHOO SSHHOOUULLDD IINNVVEESSTT

You should consider this investment if you want:

• to own a defined portfolio of stocks.

• to pursue a long-term, growth-orientedinvestment strategy that includes invest-ment in subsequent portfolios, if available.

• the potential for capital appreciation.

You should not consider this investment if you:

• are uncomfortable with the risks of anunmanaged investment in common stocks.

• are uncomfortable with the trust’s strategy.

• seek current income or capital preservation.

FFEEEESS AANNDD EEXXPPEENNSSEESS

The amounts below are estimates of the direct andindirect expenses that you may incur based on a $10 unitprice. Actual expenses may vary.

AAss aa %% AAmmoouunnttooff $$11,,000000 ppeerr 110000

SSaalleess FFeeee IInnvveesstteedd UUnniittss

Initial sales fee 0.00% $0.00Deferred sales fee 1.35 13.50Creation & development fee 0.50 5.00Maximum sales fee 1.85% $18.50

OOrrggaanniizzaattiioonn CCoossttss 0.49% $4.90

AAss aa %% AAmmoouunnttAAnnnnuuaall ooff NNeett ppeerr 110000ooppeerraattiinngg eexxppeennsseess AAsssseettss UUnniittss

Trustee fee & expenses 0.22% $2.17Supervisory, evaluation

and administration fees 0.10 1.00Total 0.32% $3.17

The initial sales fee is the difference between the totalsales fee (maximum of 1.85% of the unit offering price)and the sum of the remaining deferred sales fee and thetotal creation and development fee. The deferred sales feeis fixed at $0.135 per unit and is paid in three monthlyinstallments beginning on November 20, 2018. The cre-ation and development fee is fixed at $0.05 per unit and ispaid at the end of the initial offering period (anticipated tobe approximately three months). When the public offeringprice per unit is less than or equal to $10, you will not payan initial sales fee. When the public offering price per unitis greater than $10 per unit, you will pay an initial sales fee.

EEXXAAMMPPLLEE

This example helps you compare the cost of this trustwith other unit trusts and mutual funds. In the example weassume that the expenses do not change and that the trust’sannual return is 5%. Your actual returns and expenses willvary. Based on these assumptions, you would pay theseexpenses for every $10,000 you invest in the trust:

1 year $2683 years $8225 years $1,40110 years $2,970

This example assumes that you continue to followthe trust strategy and roll your investment, including alldistributions, into a new series of the trust each year sub-ject to a sales charge of 1.85%.

ESSENTIAL INFORMATION

Unit price at inception $10.0000

Inception date August 20, 2018Termination date November 13, 2019

Distribution dates 25th day of June & DecemberRecord dates 10th day of June & December

CUSIP NumbersStandard Accounts

Cash distributions 00774X101Reinvest distributions 00774X119

Fee Based AccountsCash distributions 00774X127Reinvest distributions 00774X135

Ticker Symbol ACESZX

Minimum investment $1,000/100 units

Tax Structure Regulated Investment Company

Investment Summary 3

Advisors Core Equity Strategy Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)PortfolioAs of the trust inception date, August 20, 2018

COMMON STOCKS — 100.00%

Consumer Discretionary - 12.99%

148 GOLF Acushnet Holdings Corporation 1.00% $27.00 $3,9962 AMZN Amazon.com, Inc. (4) 0.94 1,882.22 3,764

89 BWA BorgWarner, Inc. 1.01 45.28 4,03014 DPZ Domino’s Pizza, Inc. 1.00 285.04 3,99190 DHI D.R. Horton, Inc. 1.00 44.38 3,99437 FIVE Five Below, Inc. (4) 1.01 108.64 4,02020 HD The Home Depot, Inc. 0.98 195.56 3,91152 KSS Kohl’s Corporation 1.00 76.44 3,97525 MCD McDonald’s Corporation 1.01 161.15 4,02913 NFLX Netflix, Inc. (4) 1.03 316.78 4,118

121 PENN Penn National Gaming, Inc. (4) 1.00 33.05 3,99940 TJX The TJX Companies, Inc. 1.01 100.35 4,01454 BLD TopBuild Corporation (4) 1.00 73.94 3,993

Consumer Staples - 6.01%

79 ADM Archer-Daniels-Midland Company 1.00 50.55 3,993107 CAG Conagra Brands, Inc. 1.00 37.48 4,010

18 COST Costco Wholesale Corporation 1.02 225.68 4,06262 ENR Energizer Holdings, Inc. 1.00 64.33 3,988

126 KR The Kroger Company 0.99 31.35 3,95067 UVV Universal Corporation 1.00 59.70 4,000

Energy - 7.00%

65 LNG Cheniere Energy, Inc. (4) 1.00 61.53 3,999170 GLNG Golar LNG Limited (3) 1.01 23.65 4,020236 PTEN Patterson-UTI Energy, Inc. 1.00 16.99 4,010

23 PXD Pioneer Natural Resources Company 1.00 173.20 3,984427 SRCI SRC Energy, Inc. (4) 0.99 9.28 3,963

36 VLO Valero Energy Corporation 1.00 111.00 3,996227 WPX WPX Energy, Inc. (4) 1.00 17.63 4,002

(continued)

Percentage of Market Cost ofNumber Ticker Aggregate Offering Value per Securitiesof Shares Symbol Issuer(1) Price Share(1) to Trust(2)


Advisors Core Equity Strategy Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)Portfolio (Continued)As of the trust inception date, August 20, 2018

Financials - 14.04%

130 BAC Bank of America Corporation 1.00% $30.74 $3,99679 SCHW The Charles Schwab Corporation 1.01 50.90 4,02117 GS The Goldman Sachs Group, Inc. 0.99 233.38 3,96731 THG The Hanover Insurance Group, Inc. 1.01 130.05 4,03235 JPM JPMorgan Chase & Company 1.01 114.77 4,01718 TREE LendingTree, Inc. (4) 1.04 230.25 4,14482 MS Morgan Stanley 0.99 48.37 3,96643 NDAQ Nasdaq, Inc. 1.00 93.04 4,00160 PGR The Progressive Corporation 1.00 66.28 3,977

257 TWO Two Harbors Investment Corporation 1.01 15.61 4,01289 UVE Universal Insurance Holdings, Inc. 0.99 44.55 3,96569 WAL Western Alliance Bancorp (4) 1.00 57.87 3,99380 WSFS WSFS Financial Corporation 0.99 49.50 3,96074 ZION Zions Bancorporation 1.00 53.73 3,976

Health Care - 14.02%

28 CNC Centene Corporation (4) 1.01 143.71 4,02433 CRL Charles River Laboratories

International, Inc. (4) 1.00 121.13 3,99754 CVS CVS Health Corporation 1.00 73.68 3,97940 DHR Danaher Corporation 1.01 100.71 4,02838 LLY Eli Lilly & Company 1.00 105.55 4,01150 EHC Encompass Health Corporation 1.01 80.75 4,03846 HQY HealthEquity, Inc. (4) 1.00 87.05 4,00422 LH Laboratory Corporation of

America Holdings (4) 1.00 182.19 4,00843 LHCG LHC Group, Inc. (4) 1.01 93.84 4,03558 MRK Merck & Company, Inc. 1.00 69.06 4,00571 MMSI Merit Medical Systems, Inc. (4) 1.01 56.65 4,022

104 PINC Premier, Inc. (4) 1.00 38.37 3,99017 TMO Thermo Fisher Scientific, Inc. 0.98 230.00 3,91015 UNH UnitedHealth Group, Inc. 0.99 262.33 3,935

(continued)




Industrials - 11.95%

11 BA The Boeing Company 0.95% $346.40 $3,810167 CAI CAI International, Inc. (4) 1.00 23.90 3,991

28 DE Deere & Company 0.99 140.59 3,93780 WIRE Encore Wire Corporation 1.01 50.30 4,02416 FDX FedEx Corporation 0.99 246.94 3,95151 FCN FTI Consulting, Inc. (4) 0.99 77.64 3,96024 HRS Harris Corporation 0.99 164.66 3,95256 JEC Jacobs Engineering Group, Inc. 1.01 71.86 4,02460 KFY Korn/Ferry International 1.00 66.18 3,97192 MTZ MasTec, Inc. (4) 1.00 43.30 3,98465 PATK Patrick Industries, Inc. (4) 1.00 61.35 3,98827 URI United Rentals, Inc. (4) 1.02 150.51 4,064

Information Technology - 21.96%

16 ADBE Adobe Systems, Inc. (4) 0.99 245.70 3,9313 GOOGL Alphabet, Inc. (4) 0.91 1,215.85 3,648

18 AAPL Apple, Inc. 0.98 217.58 3,916101 CARB Carbonite, Inc. (4) 1.00 39.40 3,979

47 CDW CDW Corporation 1.01 85.98 4,04130 EPAM EPAM Systems, Inc. (4) 1.02 134.99 4,05023 FB Facebook, Inc. (4) 1.00 173.80 3,99752 FTNT Fortinet, Inc. (4) 1.00 76.50 3,978

189 ICHR Ichor Holdings Limited (3)(4) 1.01 21.31 4,02824 LRCX Lam Research Corporation 1.02 169.91 4,07856 LDOS Leidos Holdings, Inc. 1.01 71.72 4,01637 MSFT Microsoft Corporation 1.00 107.58 3,98032 MSI Motorola Solutions, Inc. 0.99 122.99 3,93698 NANO Nanometrics, Inc. (4) 0.99 40.40 3,95916 NVDA NVIDIA Corporation 0.98 244.82 3,91719 PANW Palo Alto Networks, Inc. (4) 1.02 213.09 4,04947 PYPL PayPal Holdings, Inc. (4) 1.01 85.45 4,01628 CRM salesforce.com, Inc. (4) 1.02 145.02 4,06155 SQ Square, Inc. (4) 1.01 72.90 4,01032 TTWO Take-Two Interactive Software, Inc. (4) 1.00 124.30 3,97822 WEX WEX, Inc. (4) 1.01 183.00 4,02624 ZBRA Zebra Technologies Corporation (4) 0.98 163.57 3,926

(continued)




Materials - 4.00%59 DWDP DowDuPont, Inc. 1.00% $67.79 $4,00042 EXP Eagle Materials, Inc. 0.99 94.39 3,964

158 SCHN Schnitzer Steel Industries, Inc. 1.01 25.50 4,02972 WRK WestRock Company 1.00 55.32 3,983

Real Estate - 3.01%

139 HPT Hospitality Properties Trust 1.01 28.85 4,01026 JLL Jones Lang LaSalle, Inc. 1.00 153.51 3,99139 SUI Sun Communities, Inc. 1.00 101.86 3,973

Telecommunication Services - 2.01%

61 TMUS T-Mobile US, Inc. (4) 1.01 65.90 4,02073 VZ Verizon Communications, Inc. 1.00 54.79 4,000

Utilities - 3.01%

141 CNP CenterPoint Energy, Inc. 1.00 28.29 3,98990 EXC Exelon Corporation 1.01 44.53 4,008

118 NRG NRG Energy, Inc. 1.00 33.95 4,006

100.00% $398,973

Notes to Portfolio

(1) Securities are represented by contracts to purchase securities. The value of each security is based on the most recent closing sale price of eachsecurity as of the close of regular trading on the New York Stock Exchange on the business day prior to the trust’s inception date. In accordancewith Accounting Standards Codification 820, “Fair Value Measurements”, the trust’s investments are classified as Level 1, which refers to securityprices determined using quoted prices in active markets for identical securities.

(2) The cost of the securities to the sponsor and the sponsor’s profit or (loss) (which is the difference between the cost of the securities to the spon-sor and the cost of the securities to the trust) are $398,973 and $0, respectively.

(3) This is a security issued by a foreign company.

Common Stocks comprise 100.00% of the investments in the trust, broken down by country of organization as set forth below:

Bermuda 1.01%Cayman Islands 1.01%United States 97.98%

(4) This is a non-income producing security.




The trust seeks to provide high current andgrowing dividend income with capital appreciationas a secondary objective. There is no assurance thetrust will achieve its objective.


The trust seeks to achieve its objective by invest-ing in a portfolio of high-quality companies that havehistorically paid dividends and demonstrated steadyearnings and dividend growth selected by Bahl &Gaynor, Inc. (the “Portfolio Consultant”). Althoughthe trust’s portfolio may include securities of compa-nies with a range of market capitalizations, it consistsprimarily of securities of companies categorized aslarge capitalization by the Portfolio Consultant as ofthe trust’s inception. The Portfolio Consultantdefines large capitalization companies to be thosewith market capitalizations of $10 billion or higher.Weightings of individual sectors were based on thePortfolio Consultant’s assessment of company funda-mentals, valuations and overall economic conditions.


As with all investments, you can lose money byinvesting in this trust. The trust also might not per-form as well as you expect. This can happen for rea-sons such as these:

• SSeeccuurriittyy pprriicceess wwiillll fflluuccttuuaattee. The value of yourinvestment may fall over time.

• TThhee ffiinnaanncciiaall ccoonnddiittiioonn ooff aann iissssuueerr mmaayy wwoorrsseennoorr iittss ccrreeddiitt rraattiinnggss mmaayy ddrroopp,, rreessuullttiinngg iinn aarreedduuccttiioonn iinn tthhee vvaalluuee ooff yyoouurr uunniittss.. This mayoccur at any point in time, including during theinitial offering period.

• AAnn iissssuueerr mmaayy bbee uunnwwiilllliinngg oorr uunnaabbllee ttoo ddeeccllaarreeddiivviiddeennddss iinn tthhee ffuuttuurree,, oorr mmaayy rreedduuccee tthhee lleevveellooff ddiivviiddeennddss ddeeccllaarreedd.. This may result in areduction in the value of your units.

• NNeeiitthheerr wwee** nnoorr tthhee PPoorrttffoolliioo CCoonnssuullttaannttaaccttiivveellyy mmaannaaggeess tthhee ppoorrttffoolliioo.. Except in limit-ed circumstances, the trust will hold, and con-tinue to buy, shares of the same securities evenif their market value declines.

PPOORRTTFFOOLLIIOO CCOONNSSUULLTTAANNTT

The Portfolio Consultant, Bahl & Gaynor, Inc.,is a registered investment adviser. The PortfolioConsultant was founded in 1990 and is ownedentirely by its investment professionals.

The Portfolio Consultant is not an affiliate ofthe sponsor. The Portfolio Consultant makes norepresentations that the portfolio will achieve theinvestment objectives or will be profitable or suit-able for any particular potential investor. The spon-sor did not select the securities for the trust.

The Portfolio Consultant and/or its affiliatesmay use the list of securities in its independentcapacity as an investment adviser and distribute thisinformation to various individuals and entities. ThePortfolio Consultant and/or its affiliates may recom-mend to other clients or otherwise effect transactionsin the securities held by the trust. This may have anadverse effect on the prices of the securities. Thisalso may have an impact on the price the trust paysfor the securities and the price received upon unitredemptions or liquidation of the securities. ThePortfolio Consultant and/or its affiliates also mayissue reports and makes recommendations on securi-ties, which may include the securities in the trust.

Neither the Portfolio Consultant nor the spon-sor manages the trust. Opinions expressed by thePortfolio Consultant are not necessarily those of thesponsor, and may not actually come to pass. Thetrust will pay the Portfolio Consultant a fee forselecting the trust’s portfolio.

BAHL & GAYNOR INCOME GROWTH PORTFOLIO





• to own a portfolio primarily of stocks.

• the potential for high current and growingdividend income with capital appreciation asa secondary objective.



• seek capital preservation or capital apprecia-tion as a primary objective.











EEXXAAMMPPLLEE







Distribution dates 25th day of each monthRecord dates 10th day of each month




Ticker Symbol BGIGOX




Bahl & Gaynor Income Growth Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)PortfolioAs of the trust inception date, August 20, 2018



19 HAS Hasbro, Inc. 1.04% $98.53 $1,87233 HD The Home Depot, Inc. 3.58 195.56 6,45329 MCD McDonald’s Corporation 2.59 161.15 4,67353 SBUX Starbucks Corporation 1.57 53.56 2,839


65 MO Altria Group, Inc. 2.20 61.00 3,96512 MKC McCormick & Company, Inc. 0.84 126.40 1,51747 PEP PepsiCo, Inc. 3.00 114.96 5,40311 PM Philip Morris International, Inc. 0.52 85.05 936

Energy - 6.85%

23 CVX Chevron Corporation 1.50 117.80 2,70928 XOM Exxon Mobil Corporation 1.21 78.26 2,19119 PSX Phillips 66 1.22 115.44 2,19325 VLO Valero Energy Corporation 1.54 111.00 2,77582 WMB The Williams Companies, Inc. 1.38 30.47 2,499

Financials - 13.60%

134 BBT BB&T Corporation 3.90 52.43 7,0268 BLK BlackRock, Inc. 2.10 474.15 3,793

70 JPM JPMorgan Chase & Company 4.45 114.77 8,03441 MMC Marsh & McLennan Companies, Inc. 1.91 84.00 3,44442 USB U.S. Bancorp 1.24 53.29 2,238

(Continued)



Bahl & Gaynor Income Growth Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)Portfolio (Continued)As of the trust inception date, August 20, 2018


65 ABT Abbott Laboratories 2.33% $64.72 $4,20759 ABBV AbbVie, Inc. 3.23 98.81 5,83029 AMGN Amgen, Inc. 3.17 197.42 5,72539 JNJ Johnson & Johnson 2.91 134.47 5,24439 MDT Medtronic PLC (3) 1.96 90.60 3,533

102 PFE Pfizer, Inc. 2.38 42.09 4,293


21 MMM 3M Company 2.38 204.77 4,30039 HON Honeywell International, Inc. 3.36 155.17 6,05218 ITW Illinois Tool Works, Inc. 1.39 139.43 2,51017 LMT Lockheed Martin Corporation 3.07 325.23 5,529


10 ADP Automatic Data Processing, Inc. 0.79 142.55 1,4257 AVGO Broadcom, Inc. 0.81 209.27 1,465

163 CSCO Cisco Systems, Inc. 4.15 45.87 7,47770 HPQ HP, Inc. 0.95 24.54 1,71834 MXIM Maxim Integrated Products, Inc. 1.13 59.99 2,04078 MSFT Microsoft Corporation 4.65 107.58 8,39169 PAYX Paychex, Inc. 2.77 72.32 4,99068 TXN Texas Instruments, Inc. 4.13 109.64 7,455

Materials - 4.37%

29 APD Air Products & Chemicals, Inc. 2.68 166.61 4,83227 LYB LyondellBasell Industries N.V. (3) 1.69 113.10 3,054

(Continued)



Bahl & Gaynor Income Growth Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)Portfolio (Continued)As of the trust inception date, August 20, 2018

Real Estate - 5.85%

42 CCI Crown Castle International Corporation 2.65% $113.86 $4,78233 O Realty Income Corporation 1.08 58.85 1,94214 SPG Simon Property Group, Inc. 1.39 178.48 2,49922 VTR Ventas, Inc. 0.73 59.67 1,313

Utilities - 8.43%

41 NEE NextEra Energy, Inc. 3.98 175.17 7,18233 SRE Sempra Energy 2.14 116.85 3,85661 WEC WEC Energy Group, Inc. 2.31 68.26 4,164

100.00% $180,368

Notes to Portfolio


(2) The cost of the securities to the sponsor and the sponsor’s profit or (loss) (which is the difference between the cost of the securities to thesponsor and the cost of the securities to the trust) are $180,368 and $0, respectively.


Common stocks comprise 100.00% of the investments in the trust, broken down by country of organization as set forth below:

Ireland 1.96%Netherlands 1.69%United States 96.35%






The trust seeks to provide above average totalreturn primarily through capital appreciation byinvesting in a portfolio of common stocks ofcompanies that we* consider to be “blue chip”companies.

In selecting the stocks, we begin with a uni-verse of well-known and established domesticcompanies that have market capitalizations inexcess of five billion dollars. We then eliminatecompanies that we believe are not market leaderswith strong reputations for providing high qualitygoods and services. We base our final selectionson economic sector, financial strength, past earn-ings and revenue growth tends, projected earningsand revenue growth as well as current valuation.




• TThhee ffiinnaanncciiaall ccoonnddiittiioonn ooff aann iissssuueerr mmaayywwoorrsseenn oorr iittss ccrreeddiitt rraattiinnggss mmaayy ddrroopp,, rreessuulltt--iinngg iinn aa rreedduuccttiioonn iinn tthhee vvaalluuee ooff yyoouurr uunniittss..This may occur at any point in time, includ-ing during the primary offering period.

• TThhee iissssuueerr ooff aa sseeccuurriittyy mmaayy bbee uunnwwiilllliinngg oorruunnaabbllee ttoo mmaakkee ddiivviiddeenndd ppaayymmeennttss iinn tthheeffuuttuurree.. This may reduce the level of divi-dends the trust receives which would reduceyour income and cause the value of yourunits to fall.

• WWee ddoo nnoott aaccttiivveellyy mmaannaaggee tthhee ppoorrttffoolliioo..Except in limited circumstances, the trust willgenerally hold, and continue to buy, shares ofthe same securities even if their market valuedeclines.


BLUE CHIP PORTFOLIO




• to own a defined portfolio of stocks of larger,established companies.




• seek high current income or capital preserva-tion.










The initial sales fee is the difference between the totalsales fee (maximum of 1.85% of the unit offering price)and the sum of the remaining deferred sales fee and thetotal creation and development fee. The deferred sales feeis fixed at $0.135 per unit and is paid in three monthlyinstallments beginning November 20, 2018. The creationand development fee is fixed at $0.05 per unit and is paidat the end of the initial offering period (anticipated to beapproximately three months). When the public offeringprice per unit is less than or equal to $10, you will not payan initial sales fee. When the public offering price per unitis greater than $10 per unit, you will pay an initial sales fee.

EEXXAAMMPPLLEE







Distribution dates 25th day of January, April,July and October

Record dates 10th day of January, April,July and October




Ticker Symbol AAMKYX




Blue Chip Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)PortfolioAs of the trust inception date, August 20, 2018



5 AMZN Amazon.com, Inc. (3) 3.25% $1,882.22 $9,41134 DPZ Domino’s Pizza, Inc. 3.35 285.04 9,69149 HD The Home Depot, Inc. 3.31 195.56 9,58231 NFLX Netflix, Inc. (3) 3.39 316.78 9,820


48 STZ Constellation Brands, Inc. 3.38 203.93 9,78943 COST Costco Wholesale Corporation 3.35 225.68 9,704

Energy - 10.03%

157 LNG Cheniere Energy, Inc. (3) 3.34 61.53 9,66081 FANG Diamondback Energy, Inc. 3.36 120.18 9,735

125 MPC Marathon Petroleum Corporation 3.33 77.11 9,639

Financials - 13.27%

20 BLK BlackRock, Inc. 3.27 474.15 9,483158 ETFC E*TRADE Financial Corporation (3) 3.34 61.19 9,668199 MS Morgan Stanley 3.32 48.37 9,626146 PGR The Progressive Corporation 3.34 66.28 9,677


98 ABBV AbbVie, Inc. 3.34 98.81 9,68367 CNC Centene Corporation (3) 3.32 143.71 9,62918 ISRG Intuitive Surgical, Inc. (3) 3.26 524.92 9,44942 TMO Thermo Fisher Scientific, Inc. 3.34 230.00 9,660

Industrials - 9.95%

39 FDX FedEx Corporation 3.32 246.94 9,631134 JEC Jacobs Engineering Group, Inc. 3.33 71.86 9,629

48 RTN Raytheon Company 3.30 199.09 9,556

(Continued)



Blue Chip Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)Portfolio (Continued)As of the trust inception date, August 20, 2018


39 ADBE Adobe Systems, Inc. (3) 3.31% $245.70 $9,5828 GOOGL Alphabet, Inc. (3) 3.36 1,215.85 9,727

45 AAPL Apple, Inc. 3.38 217.58 9,79156 FB Facebook, Inc. (3) 3.36 173.80 9,73357 LRCX Lam Research Corporation 3.34 169.91 9,68568 V Visa, Inc. 3.32 141.33 9,610

Materials - 3.37%

22 SHW The Sherwin-Williams Company 3.37 443.39 9,755

Real Estate - 3.37%

205 CBRE CBRE Group, Inc. (3) 3.37 47.54 9,746


146 TMUS T-Mobile US, Inc. (3) 3.32 65.90 9,621

Utilities - 3.33%

55 NEE NextEra Energy, Inc. 3.33 175.17 9,634

100.00% $289,606

Notes to Portfolio








The trust seeks to provide above average totalreturn. There is no assurance the trust will achieveits objective.


The trust consists of stocks selected by Eugene E.Peroni of Peroni Portfolio Advisors, Inc. (the “PortfolioConsultant”) through application of his proprietarymethod of technical analysis, the Peroni Method®, his-torical quantitative analysis and fundamental analysis.Mr. Peroni initially screened stocks based on the fol-lowing criteria:

• companies with a longer-term history of pay-ing dividends with special consideration tothose companies that have historicallyincreased their dividends;

• companies with current annual dividendyields of 2.5% or higher;

• companies with cash flows that appear suffi-cient for such company to continue to paydividends; and

• companies with good longer-term earningsgrowth prospects.

Mr. Peroni narrowed this universe of stocksthrough application of the Peroni Method®. Fromthese stocks, Mr. Peroni selected a final portfolio focus-ing on financial strength, prospects for revenue andearnings growth and sustainability of the dividend,among other criteria. Dividends may be an importantcomponent to total return.

Eugene E. Peroni Jr. has regularly published hisinsights in reports offering stock market forecasts andspecific stock recommendations for both short andlonger-term investments. Mr. Peroni regularly appearson CNBC, CBS MarketWatch, Nightly BusinessReport, Fox Business News and Bloomberg Radio,and has been quoted in publications such as The WallStreet Journal, The New York Times, U.S. News andWorld Report and Investors Business Daily.

Mr. Peroni began training in the field of technicalresearch at age 16 with his father, Eugene E. Peroni,Sr., who founded the Peroni Method® more than 50years ago. Mr. Peroni has over 40 years of experiencein his field. The Peroni Method® uses a bottom-upapproach, primarily emphasizing the technical meritsof individual stocks.

Mr. Peroni has a library of approximately 1,000hand-charted stocks that is the result of extensive tech-nical research and is regularly refreshed to include newopportunities gleaned through ticker tape analysis,news outlets, corporate developments and practicalobservations. Charts with attractive price architectureare noted and stocks are ranked and screened on a reg-ular basis. Historical characteristics are analyzed forprice and volume shifts and evaluations are made usingmoney flow and relative strength trends. Sector rela-tive strength is then determined by unbiased groupingsof attractive stocks. Portfolio construction progressesas weightings are determined by analyzing individualstock price behavior, economic factors, monetarytrends, psychological oscillators and investor psycholo-gy. Those stocks with the best technical characteristicsin strong or emerging leadership sectors are candidatesfor inclusion in the portfolio while also taking intoconsideration appropriate diversification.

The Peroni Method® is a bottom-up approach tostock selection that is primarily based on technicalanalysis. The methodology examines a stock’s pricearchitecture, accumulation and distribution trends andrelative strength patterns, among other more subtletrading characteristics. This information is partly gath-ered and analyzed through hand drawn point and fig-ure charts which have been a part of the methodologyfor over half a century. While the Peroni Method® isprimarily focused on the technical characteristics ofindividual stocks, economic, monetary, geopoliticaland sentiment factors at play in the market place arealso incorporated to identify leading stocks and sectors.

Technical analysis differs from fundamental analy-sis, which generally involves financial scrutiny of theissuing company and considers such factors as earningsprojections, P/E ratios, cash flow and other balancesheet data. The Peroni Method® may be an investmentalternative to fundamental analysis. Mr. Peroni believes

DIVIDEND ADVANTAGE PORTFOLIO


that technical factors can help identify industry sectorrelative strength patterns that may play an importantrole in investment success. The methodology allows anunconstrained approach to stock selection, spanning allmarket caps and investment styles, i.e. growth and value.

The Peroni Method® examines numerous techni-cal, psychological and fundamental data. The datamay include:

• a stock’s historical price architecture

• net money flow trends in individual stocks

• the relative behavior of a stock’s price per-formance compared to other stocks in thesame sector

• sentiment readings such as the volatility index

• fiscal and monetary factors

• geopolitical events and their impact on specif-ic sectors




• TThhee ffiinnaanncciiaall ccoonnddiittiioonn ooff aann iissssuueerr mmaayy wwoorrsseennoorr iittss ccrreeddiitt rraattiinnggss mmaayy ddrroopp,, rreessuullttiinngg iinn aa rreedduucc--ttiioonn iinn tthhee vvaalluuee ooff yyoouurr uunniittss.. This may occur atany point in time, including during the initialoffering period.

• AAnn iissssuueerr mmaayy bbee uunnwwiilllliinngg oorr uunnaabbllee ttoo ddeeccllaarreeddiivviiddeennddss iinn tthhee ffuuttuurree,, oorr mmaayy rreedduuccee tthhee lleevveell ooffddiivviiddeennddss ddeeccllaarreedd.. This may result in a reduc-tion in the value of your units.

• TThhee ttrruusstt iiss ccoonncceennttrraatteedd iinn sseeccuurriittiieess iissssuueedd bbyyccoonnssuummeerr pprroodduuccttss aanndd sseerrvviicceess ccoommppaanniieess..Negative developments in this sector will affectthe value of your investment more than would bethe case in a more diversified investment.

• TThhee ttrruusstt mmaayy iinnvveesstt iinn sseeccuurriittiieess ooff ssmmaallll aannddmmiidd--ssiizzee ccoommppaanniieess.. These securities are oftenmore volatile and have lower trading volumes thansecurities of larger companies. Small and mid-sizecompanies may have limited products or financialresources, management inexperience and less pub-licly available information.

• WWee** ddoo nnoott aaccttiivveellyy mmaannaaggee tthhee ppoorrttffoolliioo.. Exceptin limited circumstances, the trust will hold, andcontinue to buy, shares of the same securities evenif their market value declines.


The Portfolio Consultant, Peroni PortfolioAdvisors, Inc., is an investment adviser registered inPennsylvania.

The Portfolio Consultant is not an affiliate of thesponsor. The Portfolio Consultant makes no represen-tations that the portfolio will achieve the investmentobjectives or will be profitable or suitable for any par-ticular potential investor. The sponsor did not selectthe securities for the trust.

The Portfolio Consultant and/or its affiliates mayuse the list of securities in its independent capacity asan investment adviser and distribute this informationto various individuals and entities. The PortfolioConsultant and/or its affiliates may recommend toother clients or otherwise effect transactions in thesecurities held by the trust. This may have an adverseeffect on the prices of the securities. This also mayhave an impact on the price the trust pays for the secu-rities and the price received upon unit redemptions orliquidation of the securities. The Portfolio Consultantand/or its affiliates also may issue reports and makesrecommendations on securities, which may include thesecurities in the trust.

Neither the Portfolio Consultant nor the sponsormanages the trust. Opinions expressed by the PortfolioConsultant are not necessarily those of the sponsor, andmay not actually come to pass. The trust will pay thePortfolio Consultant a fee for selecting the trust’s port-folio. The trust will also pay a license fee for the use ofcertain service marks, trademarks, trade names and/orother property of the Portfolio Consultant.





• to own a defined portfolio of stocks selectedbased on technical, historical quantitative andfundamental analysis.

• to pursue a long-term investment strategythat includes investment in subsequent port-folios, if available.

• the potential to receive above average totalreturns (a combination of capital appreciationand dividend income).




• seek capital preservation.











EEXXAAMMPPLLEE











Ticker Symbol DAPAWX




Dividend Advantage Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)Portfolio — As of the trust inception date, August 20, 2018


Consumer Discretionary - 10.83%21 CBRL Cracker Barrel Old Country Store, Inc. 2.15% $152.11 $3,19449 GRMN Garmin Limited (3) 2.15 65.35 3,202

144 IPG The Interpublic Group of Companies, Inc. 2.17 22.37 3,22148 SIX Six Flags Entertainment Corporation 2.18 67.46 3,23839 TGT Target Corporation 2.18 83.04 3,239

Consumer Staples - 19.53%53 MO Altria Group, Inc. 2.18 61.00 3,233

101 BGS B&G Foods, Inc. 2.17 32.00 3,232156 FLO Flowers Foods, Inc. 2.17 20.63 3,218

69 GIS General Mills, Inc. 2.19 47.21 3,25727 KMB Kimberly-Clark Corporation 2.17 119.56 3,22853 KHC The Kraft Heinz Company 2.18 61.02 3,23428 PEP PepsiCo, Inc. 2.17 114.96 3,21938 PG The Procter & Gamble Company 2.14 83.69 3,180

192 VGR Vector Group Limited 2.16 16.70 3,206

Energy - 15.20%77 BP BP PLC (3) 2.17 41.91 3,22727 CVX Chevron Corporation 2.14 117.80 3,18152 HP Helmerich & Payne, Inc. 2.19 62.51 3,25041 OXY Occidental Petroleum Corporation 2.17 78.55 3,22148 OKE ONEOK, Inc. 2.18 67.52 3,24151 RDS/A Royal Dutch Shell PLC (3) 2.17 63.19 3,223

221 SFL Ship Finance International Limited (3) 2.18 14.65 3,238

Financials - 6.53%303 NLY Annaly Capital Management, Inc. 2.18 10.68 3,236207 TWO Two Harbors Investment Corporation 2.17 15.61 3,231148 VIRT Virtu Financial, Inc. 2.18 21.85 3,234

Health Care - 6.52%78 GSK GlaxoSmithKline PLC (3) 2.16 41.25 3,21747 MRK Merck & Company, Inc. 2.18 69.06 3,24677 PFE Pfizer, Inc. 2.18 42.09 3,241

Information Technology - 2.18%49 QCOM QUALCOMM, Inc. 2.18 66.06 3,237

(Continued)



Dividend Advantage Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)Portfolio (Continued) — As of the trust inception date, August 20, 2018

Materials - 4.39%29 LYB LyondellBasell Industries N.V. (3) 2.21% $113.10 $3,28058 NTR Nutrien Limited (3) 2.18 55.96 3,246

Real Estate - 21.77%149 CLDT Chatham Lodging Trust 2.18 21.75 3,241102 CHCT Community Healthcare Trust, Inc. 2.16 31.53 3,216

28 CCI Crown Castle International Corporation 2.14 113.86 3,188155 HST Host Hotels & Resorts, Inc. 2.18 20.93 3,244

89 IRM Iron Mountain, Inc. 2.19 36.48 3,24743 LAMR Lamar Advertising Company 2.19 75.66 3,25332 LSI Life Storage, Inc. 2.20 102.24 3,27241 NHI National Health Investors, Inc. 2.18 78.94 3,23799 OHI Omega Healthcare Investors, Inc. 2.18 32.72 3,239

167 OUT Outfront Media, Inc. 2.17 19.33 3,228

Telecommunication Services - 6.53%137 CTL CenturyLink, Inc. 2.17 23.48 3,217

61 RCI Rogers Communications, Inc. (3) 2.18 53.21 3,24659 VZ Verizon Communications, Inc. 2.18 54.79 3,233

Utilities - 6.52%39 DUK Duke Energy Corporation 2.16 82.28 3,20938 ETR Entergy Corporation 2.18 85.32 3,24269 SO The Southern Company 2.18 46.97 3,241

100.00% $148,603

Notes to Portfolio

(1) Securities are represented by contracts to purchase securities. The value of each security is based on the most recent closing sale priceof each security as of the close of regular trading on the New York Stock Exchange on the business day prior to the trust’s inception date.In accordance with Accounting Standards Codification 820, “Fair Value Measurements”, the trust’s investments are classified as Level 1,which refers to security prices determined using quoted prices in active markets for identical securities.




Bermuda 2.18% Canada 4.36% Netherlands 2.21%Switzerland 2.15% United Kingdom 6.50% United States 82.60%




The trust seeks to provide above average totalreturn through dividend income. There is noassurance the trust will achieve its objective.


The trust seeks to achieve its objective byinvesting in a portfolio of common stocks of pri-marily domestic companies. The portfolio wasselected by Hartford Investment ManagementCompany (“HIMCO”).

HIMCO sought primarily to select highquality U.S. stocks with above average dividendyields and the potential to increase dividend pay-ments by considering a broad universe of compa-nies within the Russell 3000® Index for inclusionin the trust’s portfolio. HIMCO used a struc-tured quantitative approach combined with fun-damental oversight. HIMCO’s quantitativeapproach sought to identify companies withinvarious industry sectors possessing attractive fun-damentals, such as solid balance sheets, high qual-ity earnings and attractive growth prospects.HIMCO reviewed final selections for the trust’sportfolio to assess the impact of recent events(including management issues, legal proceedingsand future mergers or acquisitions) on eachstock’s prospects.


As with all investments, you can lose moneyby investing in this trust. The trust also mightnot perform as well as you expect. This can hap-pen for reasons such as these:




• TThhee ttrruusstt iinnvveessttss iinn sseeccuurriittiieess sseelleecctteedd bbyyHHIIMMCCOO.. In the event that HIMCO incor-rectly assesses an issuer’s prospects for growthor if HIMCO’s judgment about how otherinvestors will value an issuer’s growth is wrong,then the price of an issuer’s stock may decreaseor not increase to the level anticipated.

• TThhee ttrruusstt mmaayy iinnvveesstt iinn sseeccuurriittiieess ooff ssmmaallll aannddmmiidd--ssiizzee ccoommppaanniieess.. These securities are oftenmore volatile and have lower trading volumesthan securities of larger companies. Small andmid-size companies may have limited productsor financial resources, management inexperi-ence and less publicly available information.

• WWee** ddoo nnoott aaccttiivveellyy mmaannaaggee tthhee ppoorrttffoolliioo..Except in limited circumstances, the trust willgenerally hold, and continue to buy, shares ofthe same securities even if their market valuedeclines.


DIVIDEND SUSTAINABILITY PORTFOLIO



The portfolio consultant, HartfordInvestment Management Company, is a registeredinvestment adviser.

HIMCO is not an affiliate of the sponsor.HIMCO selected a list of securities to be includ-ed in the portfolio based on the criteria providedby the sponsor. HIMCO makes no representa-tions that the portfolio will achieve the invest-ment objectives or will be profitable or suitablefor any particular potential investor. The sponsordid not select the securities for the trust.

HIMCO may use the list of securities in itsindependent capacity as an investment adviserand distribute this information to various individ-uals and entities. HIMCO may recommend toother clients or otherwise effect transactions inthe securities held by the trust. This may have anadverse effect on the prices of the securities. Thisalso may have an impact on the price the trustpays for the securities and the price received uponunit redemptions or liquidation of the securities.HIMCO may also issue reports and make recom-mendations on securities, which may include thesecurities in the trust.

Neither HIMCO nor the sponsor managesthe trust. Opinions expressed by HIMCO arenot necessarily those of the sponsor, and may notactually prove correct. The trust will payHIMCO a fee for selecting the trust’s portfolio.The trust will also pay a license fee for the use ofcertain service marks, trademarks, trade namesand/or other property of HIMCO.




• to own a portfolio of stocks of primarilydomestic companies.

• the potential for above average total returnthrough dividend income.



• seek capital appreciation or capital preserva-tion.










The initial sales fee is the difference between the totalsales fee (maximum of 1.85% of the unit offering price) andthe sum of the remaining deferred sales fee and the total cre-ation and development fee. The deferred sales fee is fixed at$0.135 per unit and is paid in three monthly installmentsbeginning November 20, 2018. The creation and develop-ment fee is fixed at $0.05 per unit and is paid at the end ofthe initial offering period (anticipated to be approximatelythree months). When the public offering price per unit isless than or equal to $10, you will not pay an initial salesfee. When the public offering price per unit is greater than$10 per unit, you will pay an initial sales fee.

EEXXAAMMPPLLEE











Ticker Symbol DVSUPX




Dividend Sustainability Portfolio, Series 2018-3Q — A Hartford InvestmentManagement Company (“HIMCO”) Portfolio(Advisors Disciplined Trust 1889)PortfolioAs of the trust inception date, August 20, 2018



63 BBY Best Buy Company, Inc. 3.33% $78.48 $4,94451 LOW Lowe’s Companies, Inc. 3.36 97.98 4,99759 TGT Target Corporation 3.30 83.04 4,89984 WSM Williams-Sonoma, Inc. 3.35 59.32 4,983


43 PEP PepsiCo, Inc. 3.33 114.96 4,94359 PG The Procter & Gamble Company 3.32 83.69 4,93866 SYY Sysco Corporation 3.32 74.83 4,939

Energy - 6.64%

63 XOM Exxon Mobil Corporation 3.32 78.26 4,93064 MPC Marathon Petroleum Corporation 3.32 77.11 4,935

Financials - 13.33%

106 AFL Aflac, Inc. 3.33 46.76 4,957151 BEN Franklin Resources, Inc. 3.32 32.72 4,941

89 PFG Principal Financial Group, Inc. 3.34 55.72 4,95943 TROW T. Rowe Price Group, Inc. 3.34 115.61 4,971


25 AMGN Amgen, Inc. 3.32 197.42 4,93695 CAH Cardinal Health, Inc. 3.32 51.90 4,93137 JNJ Johnson & Johnson 3.35 134.47 4,97555 MDT Medtronic PLC (4) 3.35 90.60 4,983


83 FAST Fastenal Company 3.32 59.51 4,93936 ITW Illinois Tool Works, Inc. 3.38 139.43 5,02053 LECO Lincoln Electric Holdings, Inc. 3.33 93.45 4,953

(Continued)



Dividend Sustainability Portfolio, Series 2018-3Q — A Hartford InvestmentManagement Company (“HIMCO”) Portfolio(Advisors Disciplined Trust 1889)Portfolio (Continued)As of the trust inception date, August 20, 2018


52 ADI Analog Devices, Inc. 3.31% $94.58 $4,91835 ADP Automatic Data Processing, Inc. 3.36 142.55 4,98982 MXIM Maxim Integrated Products, Inc. 3.31 59.99 4,91969 PAYX Paychex, Inc. 3.36 72.32 4,99045 TXN Texas Instruments, Inc. 3.32 109.64 4,93470 XLNX Xilinx, Inc. 3.35 71.02 4,971

Materials - 3.34%

56 RS Reliance Steel & Aluminum Company 3.34 88.58 4,961

Real Estate - 3.36%

28 SPG Simon Property Group, Inc. 3.36 178.48 4,997


93 CCOI Cogent Communications Holdings, Inc. 3.30 52.70 4,901

Utilities - 3.34%

132 OGE OGE Energy Corporation 3.34 37.56 4,958

100.00% $148,611

Notes to Portfolio(1) Securities are represented by contracts to purchase securities. The value of each security is based on the most recent closing sale price of each

security as of the close of regular trading on the New York Stock Exchange on the business day prior to the trust’s inception date. In accordancewith Accounting Standards Codification 820, “Fair Value Measurements”, the trust’s investments are classified as Level 1, which refers to securityprices determined using quoted prices in active markets for identical securities.



(4) This is a security issued by a foreign company that trades on a U.S. securities exchange.


Ireland 3.35%United States 96.65%




The trust seeks to provide above average totalreturn through dividend income and capital apprecia-tion. There is no assurance the trust will achieve itsobjective.


The trust seeks to provide total return, throughdividend income and capital appreciation, by invest-ing in a portfolio consisting of the 10 stocks with thehighest dividend yield chosen from among the 30stocks in the Dow Jones Industrial AverageSM

(“DJIASM”) as of August 13, 2018. The stocks areheld in approximately equal dollar amounts as of thetrust’s inception.

Please note that the strategy was applied to selectthe portfolio at a particular time. If we* create addi-tional units of the trust after the trust’s inception date,the trust will purchase the securities originally selectedby applying the strategy. This is true even if a laterapplication of the strategy would have resulted in theselection of different securities. We disregard any stockin the DJIASM where the U.S. government or any ofits agencies can exercise any veto power over any cur-rent or future dividends, whether common or pre-ferred, to be distributed in connection with such stock.In such cases, we will automatically select the nexthighest dividend yielding stock in the DJIASM. Inaddition, companies which, based on publicly availableinformation as of two business days prior to the dateof this prospectus, are the target of an announced busi-ness acquisition which are expected to happen withinsix months of the date of this prospectus have beenexcluded from the universe of securities from whichthe trust’s securities are selected.






• TThhee ttrruusstt iiss ccoonncceennttrraatteedd iinn sseeccuurriittiieess iissssuueedd bbyyccoommppaanniieess iinn tthhee hheeaalltthh ccaarree sseeccttoorr.. Negativedevelopments in this sector will affect the value ofyour investment more than would be the case in amore diversified investment.

• TThhee ttrruusstt’’ss ppeerrffoorrmmaannccee mmiigghhtt nnoott ssuuffffiicciieennttllyyccoorrrreessppoonndd ttoo ppuubblliisshheedd hhyyppootthheettiiccaall bbaacckk--tteesstteeddppeerrffoorrmmaannccee ooff tthhee ttrruusstt’’ss iinnvveessttmmeenntt ssttrraatteeggyy..This can happen for reasons such as an inability toexactly replicate the weightings of securities in thestrategy or be fully invested, timing of the trustoffering or timing of your investment, and trustexpenses. Hypothetical back-tested performanceis not actual past performance of this or any trust.Hypothetical back-tested performance is based onapplication of a trust’s investment strategy as of aparticular time.

• WWee ddoo nnoott aaccttiivveellyy mmaannaaggee tthhee ppoorrttffoolliioo.. Exceptin limited circumstances, the trust will hold, andcontinue to buy, shares of the same securities evenif their market value declines.

THE DOW® VALUE TEN PORTFOLIO





• to own a defined portfolio of stocks selectedusing dividend-oriented criteria.

• the potential to receive dividend income andcapital appreciation.



• are uncomfortable investing in stocks selectedusing dividend-oriented criteria.


• seek aggressive growth without currentincome.



The amounts below are estimates of the direct andindirect expenses that you may incur based on a $10unit price. Actual expenses may vary.








The initial sales fee is the difference between thetotal sales fee (maximum of 1.85% of the unit offeringprice) and the sum of the remaining deferred sales feeand the total creation and development fee. Thedeferred sales fee is fixed at $0.135 per unit and is paidin three monthly installments beginning November 20,2018. The creation and development fee is fixed at$0.05 per unit and is paid at the end of the initial offer-ing period (anticipated to be approximately threemonths). When the public offering price per unit is lessthan or equal to $10, you will not pay an initial salesfee. When the public offering price per unit is greaterthan $10 per unit, you will pay an initial sales fee.

EEXXAAMMPPLLEE

This example helps you compare the cost of thistrust with other unit trusts and mutual funds. In theexample we assume that the expenses do not changeand that the trust’s annual return is 5%. Your actualreturns and expenses will vary. Based on these assump-tions, you would pay these expenses for every $10,000you invest in the trust:


This example assumes that you continue to followthe trust strategy and roll your investment, includingall distributions, into a new series of the trust each yearsubject to a sales charge of 1.85%.








Ticker Symbol DWTAYX


Tax Structure Grantor Trust


The Dow® Value Ten Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)PortfolioAs of the trust inception date, August 20, 2018



318 KO The Coca-Cola Company 9.98% $46.60 $14,819177 PG The Procter & Gamble Company 9.98 83.69 14,813

Energy - 20.01%

126 CVX Chevron Corporation 10.00 117.80 14,843190 XOM Exxon Mobil Corporation 10.01 78.26 14,869


111 JNJ Johnson & Johnson 10.05 134.47 14,926215 MRK Merck & Company, Inc. 10.00 69.06 14,848353 PFE Pfizer, Inc. 10.01 42.09 14,858


323 CSCO Cisco Systems, Inc. 9.98 45.87 14,816102 IBM International Business Machines Corporation 10.03 146.06 14,898


270 VZ Verizon Communications, Inc. 9.96 54.79 14,793

100.00% $148,483

Notes to Portfolio





HHYYPPOOTTHHEETTIICCAALL BBAACCKK--TTEESSTTEEDD PPEERRFFOORRMMAANNCCEEIINNFFOORRMMAATTIIOONN

The following table compares hypotheticalback-tested performance information for thestrategy employed by the trust and the actualperformance of the DJIASM in each of the yearslisted below (and as of the most recent month).These hypothetical back-tested returns do notguarantee and should not be used to predictfuture performance of the trust. Returns fromthe trust will differ from the hypothetical strate-gy returns for several reasons, including:

• total return figures shown do not reflectcommissions paid by the trust on thepurchase of securities or taxes you willincur;

• strategy returns are for calendar years(and through the most recent month),while trusts begin and end on variousdates;

• extraordinary market events that wehave not expected to be repeated andmay have affected performance;

• the trust has a scheduled term longerthan one year;

• the trust may not be fully invested at alltimes or equally weighted in all securi-ties comprising its strategy; and

• the trust often purchases or sellssecurities at prices different from theclosing prices used in buying and sell-ing units.

You should note that the trust is notdesigned to parallel movements in any index, andit is not expected that it will do so. In fact, thetrust’s strategy underperformed its comparativeindex in certain years and we cannot guaranteethat the trust will outperform its related index

over the life of the trust or over consecutiverollover periods, if available.

Hypothetical Back-Tested Comparison of Total Returns

The Dow® ValueTen StrategyHypothetical

Year Performance DJIASM

2008 -41.30% -31.93%2009 15.29 22.682010 18.61 14.062011 12.40 8.382012 7.31 10.242013 32.36 29.632014 8.32 10.022015 0.12 0.232016 17.96 16.462017 20.57 28.072018 thru 7/31 -0.81 4.07

+these returns are the result of extraordinary marketevents and are not expected to be repeated

Hypothetical back-tested performance is noguarantee of future results. Hypothetical back-tested performance of the Dow® Value TenStrategy securities (the “strategy securities”) ishypothetical (and does not represent any actualtrust), is shown for illustrative purposes only andis not intended to indicate the future perform-ance of any investment, including the trust. Thestrategy securities for a given year consist of thesecurities selected by applying the strategy as ofthe beginning of the period (and not the datethe trust actually sells units). The hypotheticalback-tested performance of the strategy securitiesfor 0 of the 11 periods shown are the result ofextraordinary market events and are not expect-ed to be repeated.

Securities are selected through application ofa strategy at a particular point in time and if asecurity which is a component of a strategy ismerged out of existence, de-listed or suffers a sim-ilar fate during the period in which the strategyperformance is being measured, such security will


not be replaced by another security during thatperiod. The strategy is not rebalanced duringeach one year period and as a result the stocksused for determining hypothetical back-testedperformance will not take into account subse-quent changes to the indexes used as a startingpoint for the strategy.

Total return represents the sum of the changein market value of each group of securitiesbetween the first and last trading day of a periodplus the total dividends paid on each group ofsecurities during such period divided by the open-ing market value of each group of securities as ofthe first trading day of a period. Total return fig-ures shown above in the table assume that all divi-dends are reinvested semi-annually. Strategy fig-ures reflect the deduction of sales charges andexpenses but have not been reduced by estimatedbrokerage commissions and other transactioncosts paid by the trust in acquiring securities orany taxes incurred by investors.

Hypothetical back-tested returns are hypo-thetical, meaning that they do not representactual trading, and, thus, may not reflect materialeconomic and market factors, such as liquidityconstraints, that may have had an impact onactual decision making. The hypothetical back-tested performance is the retroactive applicationof the strategy designed with the full benefit ofhindsight.

The trust’s strategy begins with the DJIASM.The DJIASM consists of 30 U.S. stocks chosen bythe editors of The Wall Street Journal as being rep-resentative of the broad market and of Americanindustry. Changes in the component stocks of theDJIASM are made entirely by the editors of TheWall Street Journal without consulting the compa-nies, the stock exchange or any official agency.For the sake of continuity, changes are made rarely.

The Dow Jones Industrial AverageSM is aproduct of Dow Jones Indexes, a licensed trade-mark of CME Group Index Services LLC(“CME”), and has been licensed for use by thetrust. Dow Jones®, Dow Jones IndustrialAverageSM, DJIASM and Dow Jones Indexes areservice marks of Dow Jones Trademark Holdings,LLC (“Dow Jones”) and have been licensed foruse for certain purposes by the trust. Dow Jones,CME and their respective affiliates have no rela-tionship to the trust, other than the licensing ofthe Dow Jones Industrial Average and theirrespective service marks for use in connectionwith the trust. Dow Jones, CME and theirrespective affiliates have no obligation to take theneeds of the sponsor or the unitholders of thetrust into consideration in determining, composingor calculating the Dow Jones IndustrialAverageSM. Dow Jones, CME and their respectiveaffiliates are not responsible for and have not par-ticipated in the determination of the timing of,prices at, or quantities of units of the trust to beissued or in the determination or calculation ofthe equation by which the units of the trust is tobe converted into cash. Dow Jones, CME andtheir affiliates have no obligation or liability inconnection with the administration, managementor marketing of the trust. Notwithstanding theforegoing, CME Group Inc. and its affiliates mayindependently issue and/or sponsor financialproducts unrelated to the trust but which may besimilar to and competitive with the trust. Inaddition, CME Group Inc. and its affiliatesactively trade financial products which are linkedto the performance of the DJIASM. It is possiblethat this trading activity will affect the value ofthe DJIA and the trust.

DOW JONES, CME AND THEIRRESPECTIVE AFFILIATES DO NOT GUAR-ANTEE THE ACCURACY AND/OR THECOMPLETENESS OF THE DOW JONES


INDUSTRIAL AVERAGESM OR ANY DATAINCLUDED THEREIN AND DOW JONESSHALL HAVE NO LIABILITY FOR ANYERRORS, OMISSIONS, OR INTERRUP-TIONS THEREIN. DOW JONES MAKESNO WARRANTY, EXPRESS OR IMPLIED,AS TO RESULTS TO BE OBTAINED BYOWNERS OF UNITS OF THE TRUST, ORANY OTHER PERSON OR ENTITY FROMTHE USE OF THE DOW JONES INDUS-TRIAL AVERAGESM OR ANY DATAINCLUDED THEREIN. DOW JONES, CMEAND THEIR RESPECTIVE AFFILIATESMAKE NO EXPRESS OR IMPLIED WAR-RANTIES, AND EXPRESSLY DISCLAIMSALL WARRANTIES, OF MERCHANTABILI-TY OR FITNESS FOR A PARTICULAR PUR-POSE OR USE WITH RESPECT TO THEDOW JONES INDUSTRIAL AVERAGESM

OR ANY DATA INCLUDED THEREIN.WITHOUT LIMITING ANY OF THE FORE-GOING, IN NO EVENT SHALL DOWJONES, CME AND THEIR RESPECTIVEAFFILIATES HAVE ANY LIABILITY FOR ANYLOST PROFITS OR INDIRECT, PUNITIVE,SPECIAL OR CONSEQUENTIAL DAM-AGES OR LOSSES, EVEN IF NOTIFIED OFTHE POSSIBILITY THEREOF. THERE ARENO THIRD PARTY BENEFICIARIES OFANY AGREEMENTS OR ARRANGEMENTSBETWEEN DOW JONES, CME AND THEIRRESPECTIVE AFFILIATES AND THETRUST.

The indexes are unmanaged, not subject tofees, and not available for direct investment.

The publishers of the DJIASM are not affiliat-ed with us and have not participated in creatingthe trust or selecting the securities for the trust,nor have they reviewed or approved of any of theinformation contained herein.

The trust will pay a license fee for the use ofcertain service marks, trademarks and/or tradenames of Dow Jones.





The trust seeks to provide above average totalreturn primarily through capital appreciation byinvesting in a portfolio primarily consisting ofstocks within the energy sector. Energy compa-nies are engaged in the exploration, production,marketing, refining and/or transportation of oiland gas products, coal and other consumable fuelsand/or the construction or provision of oil rigs,drilling equipment and other energy related serv-ice and equipment, including seismic data collec-tion. We* selected the trust portfolio securitiesthrough an analysis based on market capitaliza-tion, dividend levels and sustainability, revenues,revenue growth, earnings, earnings growth andvaluation.





• AAnn iissssuueerr mmaayy bbee uunnwwiilllliinngg oorr uunnaabbllee ttooddeeccllaarree ddiivviiddeennddss iinn tthhee ffuuttuurree,, oorr mmaayyrreedduuccee tthhee lleevveell ooff ddiivviiddeennddss ddeeccllaarreedd.. Thismay result in a reduction in the value ofyour units.

• TThhee ttrruusstt iiss ccoonncceennttrraatteedd iinn sseeccuurriittiieess iissssuueeddbbyy ccoommppaanniieess iinn tthhee eenneerrggyy sseeccttoorr.. Negativedevelopments in the energy sector will affectthe value of your investment more thanwould be the case in a more diversifiedinvestment.

• TThhee ttrruusstt mmaayy iinnvveesstt iinn sseeccuurriittiieess ooff ssmmaallllaanndd mmiidd--ssiizzee ccoommppaanniieess.. These securities areoften more volatile and have lower tradingvolumes than securities of larger companies.Small and mid-size companies may have lim-ited products or financial resources, manage-ment inexperience and less publicly availableinformation.

• WWee ddoo nnoott aaccttiivveellyy mmaannaaggee tthhee ppoorrttffoolliioo..Except in limited circumstances, the trust willhold, and continue to buy, shares of the samesecurities even if their market value declines.

ENERGY OPPORTUNITIES PORTFOLIO





• to own a defined portfolio of stocks of energycompanies.




• are uncomfortable investing in energy com-panies.












EEXXAAMMPPLLEE







Distribution dates 25th day of January, April,July and October

Record dates 10th day of January, April,July and October




Ticker Symbol ENOPPX




Energy Opportunities Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)PortfolioAs of the trust inception date, August 20, 2018


Energy - 100.00%

118 BP BP PLC (3) 3.33% $41.91 $4,94581 LNG Cheniere Energy, Inc. (4) 3.35 61.53 4,98442 CVX Chevron Corporation 3.33 117.80 4,94854 SNP China Petroleum & Chemical Corporation (3) 3.37 92.84 5,01371 COP ConocoPhillips 3.33 69.77 4,954

100 DK Delek US Holdings, Inc. 3.33 49.43 4,94341 FANG Diamondback Energy, Inc. 3.31 120.18 4,927

137 E Eni SpA (3) 3.34 36.21 4,96143 EOG EOG Resources, Inc. 3.32 114.77 4,935

197 EQNR Equinor ASA (3) 3.33 25.14 4,95363 XOM Exxon Mobil Corporation 3.32 78.26 4,930

195 GZPFY Gazprom Neft PJSC (3) 3.31 25.24 4,922124 HAL Halliburton Company 3.33 39.97 4,956

79 HP Helmerich & Payne, Inc. 3.32 62.51 4,93864 MPC Marathon Petroleum Corporation 3.32 77.11 4,935

113 NOV National Oilwell Varco, Inc. 3.33 43.84 4,954500 NR Newpark Resources, Inc. (4) 3.35 9.95 4,975

63 OXY Occidental Petroleum Corporation 3.33 78.55 4,94973 OKE ONEOK, Inc. 3.32 67.52 4,929

174 PE Parsley Energy, Inc. (4) 3.32 28.37 4,936292 PTEN Patterson-UTI Energy, Inc. 3.34 16.99 4,961

43 PSX Phillips 66 3.34 115.44 4,96429 PXD Pioneer Natural Resources Company 3.38 173.20 5,02378 RDS/A Royal Dutch Shell PLC (3) 3.32 63.19 4,929

300 SOI Solaris Oilfield Infrastructure, Inc. (4) 3.35 16.58 4,97492 TRGP Targa Resources Corporation 3.34 53.92 4,96182 TOT TOTAL S.A. (3) 3.32 60.09 4,92745 VLO Valero Energy Corporation 3.36 111.00 4,995

163 WMB The Williams Companies, Inc. 3.34 30.47 4,967280 WPX WPX Energy, Inc. (4) 3.32 17.63 4,936

100.00% $148,624

See “Notes to Portfolio”



Notes to Portfolio


(2) The cost of the securities to the sponsor and the sponsor’s profit or (loss) (which is the difference between the cost of the securities to the spon-sor and the cost of the securities to the trust) are $148,644 and $(20), respectively.


Common stocks comprise 100.00% of the investments in the trust, broken down by country of organization of the issuer as set forth below:

China 3.37%France 3.32%Italy 3.34%Norway 3.33%Russia 3.31%United Kingdom 6.65%United States 76.68%




The trust seeks to provide above averagetotal return. There is no assurance the trust willachieve its objective.


The trust seeks to achieve its objective byinvesting in a diversified portfolio of stocks ofcompanies organized in Europe selected byCyrus J. Lawrence LLC (the “PortfolioConsultant”). Portfolio Consultant sought toidentify stocks of companies exhibiting improvingand sustainable earnings supported by attractiverelative stock valuations. Companies selected forinclusion in the portfolio are expected by thePortfolio Consultant to be leaders in their respec-tive industry, dominant regionally and recognizedas either established or emerging global competi-tors. The trust’s “European Select” strategy has adual focus of targeting companies that will bepotential beneficiaries of global accelerating eco-nomic growth but also companies geared towardsa sustainable European recovery.

The trust’s portfolio was selected from aninvestment universe that includes all equities trad-ed on the recognized registered exchanges of theEuropean region. This list includes large, midand small capitalization stocks representing acomprehensive cross section of the Europeaneconomy. The trust was constructed using acombination of top-down (macro analysis) andbottom-up (individual stock selection) criteria.Starting with a country and industry matrix, theframework of the portfolio was aligned with thePortfolio Consultant’s macro economic outlookwhile capturing a cross-section of the Europeaninvestment universe. Once the framework was

identified, the trust’s portfolio was selectedthrough comprehensive quantitative screeningand qualitative validation. The screening processsought to identify stocks of companies organizedin Europe that exhibit superior characteristicsaccording to multiple factors broken down asgrowth, valuation and market measures. Stockswere selected based on evidence of superior rela-tive earnings growth expectations coupled withstrong balance sheets and the expectation of accel-erating shareholder returns either through increas-ing dividends and/or share buybacks.

Under normal circumstances, the trust willinvest at least 80% of its assets in stocks of com-panies organized in European countries.





• AAnn iissssuueerr mmaayy bbee uunnwwiilllliinngg oorr uunnaabbllee ttooddeeccllaarree ddiivviiddeennddss iinn tthhee ffuuttuurree,, oorr mmaayyrreedduuccee tthhee lleevveell ooff ddiivviiddeennddss ddeeccllaarreedd.. Thismay result in a reduction in the value of yourunits.

• SSeeccuurriittiieess ooff ffoorreeiiggnn ccoommppaanniieess hheelldd bbyy tthheettrruusstt pprreesseenntt rriisskkss bbeeyyoonndd tthhoossee ooff UU..SS..iissssuueerrss.. These risks may include market andpolitical factors related to the company’s

EUROPEAN SELECT PORTFOLIO


foreign market, international trade condi-tions, less regulation, smaller or less liquidmarkets, increased volatility, differingaccounting practices and changes in thevalue of foreign currencies.

• TThhee ttrruusstt iiss ccoonncceennttrraatteedd iinn sseeccuurriittiieess ooffEEuurrooppeeaann ccoommppaanniieess.. Negative developmentsin Europe will affect the value of your invest-ment more than would be the case in a morediversified investment.

• TThhee ttrruusstt iiss ccoonncceennttrraatteedd iinn sseeccuurriittiieessiissssuueedd bbyy ccoonnssuummeerr pprroodduuccttss aanndd sseerrvviicceessccoommppaanniieess.. Negative developments in thissector will affect the value of your invest-ment more than would be the case in amore diversified investment.

• WWee** ddoo nnoott aaccttiivveellyy mmaannaaggee tthhee ppoorrttffoolliioo..Except in limited circumstances, the trust willhold, and continue to buy, shares of the samesecurities even if their market value declines.


The Portfolio Consultant, Cyrus J. LawrenceLLC, is a registered investment adviser formed inNovember 2014.

The Portfolio Consultant is not an affiliate ofthe sponsor. The Portfolio Consultant makes norepresentations that the portfolio will achieve theinvestment objectives or will be profitable or suit-able for any particular potential investor. Thesponsor did not select the securities for the trust.

The Portfolio Consultant and/or its affiliatesmay use the list of securities in its independentcapacity as an investment adviser and distributethis information to various individuals and enti-ties. The Portfolio Consultant and/or its affiliatesmay recommend to other clients or otherwise

effect transactions in the securities held by thetrust. This may have an adverse effect on theprices of the securities. This also may have animpact on the price the trust pays for the securi-ties and the price received upon unit redemptionsor liquidation of the securities. The PortfolioConsultant and/or its affiliates also may issuereports and makes recommendations on securi-ties, which may include the securities in the trust.

Neither the Portfolio Consultant nor thesponsor manages the trust. Opinions expressedby the Portfolio Consultant are not necessarilythose of the sponsor, and may not actually cometo pass. The trust will pay the PortfolioConsultant a fee for selecting the trust’s portfolio.The trust will also pay a license fee for the use ofcertain service marks, trademarks, trade namesand/or other property of the Portfolio Consultant.





• to own a portfolio primarily of stocks ofEuropean companies.

• the potential to receive above average totalreturn (a combination of capital appreciationand dividend income).



• are uncomfortable investing in Europeancompanies.












EEXXAAMMPPLLEE











Ticker Symbol EURSSX




European Select Portfolio, Series 2018-3Q — A Cyrus J. Lawrence LLC (“CJL”) Portfolio(Advisors Disciplined Trust 1889)PortfolioAs of the trust inception date, August 20, 2018



15 ADS GR adidas AG 2.39% $236.57 $3,54960 CCL LN Carnival PLC 2.39 59.01 3,540

166 CPG LN Compass Group PLC 2.42 21.63 3,59129 RACE IM Ferrari N.V. 2.35 119.97 3,47910 MC FP LVMH Moet Hennessy Louis Vuitton SE 2.28 338.59 3,386


106 CCH LN Coca-Cola HBC AG 2.38 33.26 3,526100 DGE LN Diageo plc 2.40 35.57 3,557

36 HEIA NA Heineken N.V. 2.38 98.01 3,52815 OR FP L’Oreal S.A. 2.35 232.32 3,48543 NESN SW Nestle S.A. 2.38 82.00 3,52663 ULVR LN Unilever PLC 2.39 56.27 3,545

Energy - 7.17%

507 BP/ LN BP PLC 2.39 6.98 3,537111 RDSB LN Royal Dutch Shell PLC 2.40 32.01 3,553

59 FP FP TOTAL S.A. 2.38 59.83 3,530

Financials - 19.01%

17 ALV GR Allianz SE 2.41 210.37 3,576711 SAN SM Banco Santander, S.A. 2.37 4.95 3,520

60 BNP FP BNP Paribas S.A. 2.35 58.13 3,488237 CSGN SW Credit Suisse Group AG 2.37 14.79 3,506396 HSBA LN HSBC Holdings plc 2.37 8.88 3,515263 INGA NA ING Groep NV 2.36 13.33 3,505228 UBSG SW UBS Group AG 2.38 15.45 3,522

12 ZURN SW Zurich Insurance Group AG 2.40 296.95 3,563

(Continued)

Percentage of Market Cost ofNumber Ticker Aggregate Offering Value per Securitiesof Shares Symbol Issuer(1)(3) Price Share(1) to Trust(2)


European Select Portfolio, Series 2018-3Q —A Cyrus J. Lawrence LLC (“CJL”) Portfolio(Advisors Disciplined Trust 1889)Portfolio (Continued)As of the trust inception date, August 20, 2018

Health Care - 9.64%

47 AZN LN AstraZeneca PLC 2.39% $75.48 $3,54883 PHIA NA Koninklijke Philips NV 2.40 42.80 3,55243 NOVN SW Novartis AG 2.41 83.03 3,57015 ROG SW Roche Holding AG 2.44 241.28 3,619


445 BA/ LN BAE Systems PLC 2.39 7.96 3,54240 DCC LN DCC PLC 2.38 88.07 3,52346 FERG LN Ferguson PLC 2.40 77.45 3,56346 SU FP Schneider Electric SE 2.41 77.60 3,57028 SIE GR Siemens AG 2.37 125.55 3,51527 HO FP Thales S A 2.39 131.34 3,54638 DG FP Vinci S.A. 2.39 93.29 3,545


18 ASML NA ASML Holding NV 2.38 196.29 3,53323 DSY FP Dassault Systemes SE 2.34 150.77 3,468

144 IFX GR Infineon Technologies AG 2.35 24.22 3,487357 JE/ LN Just Eat PLC (4) 2.42 10.03 3,582

30 SAP GR SAP SE 2.36 116.44 3,493179 STM FP STMicroelectronics NV 2.34 19.35 3,464

Materials - 7.15%

170 BLT LN BHP Billiton PLC 2.38 20.79 3,53477 JMAT LN Johnson Matthey PLC 2.36 45.44 3,49918 LIN GR Linde AG 2.41 198.07 3,565

100.00% $148,245

See “Notes to Portfolio”

Percentage of Market Cost ofNumber Ticker Aggregate Offering Value per Securitiesof Shares Symbol Issuer(1)(3) Price Share(1) to Trust(2)


Notes to Portfolio

(1) Securities are represented by contracts to purchase securities. The value of each security is based on the evaluation of each security as of the closeof regular trading on the New York Stock Exchange on the business day prior to the trust’s inception date. Accounting Standards Codification 820,“Fair Value Measurements” establishes a framework for measuring fair value and expands disclosure about fair value measurements in financialstatements for the trust. The framework under the standard is comprised of a fair value hierarchy, which requires an entity to maximize the use ofobservable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that maybe used to measure fair value:

Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the trust has the ability to access as of the meas-urement date.

Level 2: Significant observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in mar-kets that are not active, and other inputs that are observable or can be corroborated by observable market data. Certain securities tradedon non-U.S. exchanges may be valued using indications of fair value provided by an independent pricing service to reflect any significantmarket movements between the time the trust values such securities and the earlier closing of such non-U.S. markets. Such fair valuationsare categorized as Level 2 in the fair value hierarchy.

Level 3: Significant unobservable inputs that reflect the trust’s own assumptions about the assumptions that market participants would usein pricing an asset or liability.

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing those securities.

Changes in valuation techniques may result in transfers in or out of an investment’s assigned level as described above.

The following table summarizes the trust’s investments as of the trust’s inception, based on inputs used to value them:

Level 1 Level 2 Level 3Common Stocks $ 148,245 $ - $ -


(3) All investments are in securities issued by a foreign company.


France 18.89% Germany 14.29% Ireland 2.38%Jersey 2.40% Netherlands 14.21% Spain 2.37%Switzerland 16.76% United Kingdom 28.70%




The trust seeks to provide above average totalreturn. There is no assurance the trust will achieve itsobjective.


The trust invests in a portfolio of stocks of foreigncompanies selected using a specialized dividend-orient-ed strategy that seeks above average total return. We*selected the portfolio as of August 13, 2018 using thefollowing strategy:

• We begin with the companies listed in the S&PADR Index. The S&P ADR Index is based onthe non-U.S. stocks comprising the S&P Global1200 Index. The S&P ADR Index is made upof those companies from the S&P Global 1200Index that offer either Level II or Level IIIAmerican Depositary Receipts (ADRs), globalshares, or ordinary shares in the case ofCanadian equities. The S&P Global 1200 Indexcovers 30 countries and consists of seven region-al components.

• From the S&P ADR Index, we select the threesecurities with the highest dividend yields in eachof the nine Global Industry ClassificationStandard (GICS®) sectors other than theFinancials and Real Estate sectors and the threesecurities with the highest dividend yields in theFinancials and Real Estate GICS® sectors com-bined. Effectively, after September 1, 2016 thestrategy seeks to treat the Real Estate GICS®

sector as if it was still positioned under theFinancials GICS® sector (as it was prior toSeptember 1, 2016).

• We select those 30 stocks for the trust’s portfolioin approximately equal weightings.

The eleven industry sectors used in the strategyare the GICS® sectors published by S&P Dow JonesIndices and MSCI Inc. Please note that we appliedthe strategy to select the portfolio at a particular time.If we create additional units of the trust after the trust’sinception date, the trust will purchase the securitiesoriginally selected by applying the strategy. This istrue even if a later application of the strategy wouldhave resulted in the selection of different securities.Effective October 1, 2018 revisions are being made tothe GICS® structure including the renaming of theTelecommunication Services Sector to theCommunication Services Sector and the broadening ofthat sector to incorporate a number of companies cur-rently categorized as Consumer Discretionary Sectorcompanies. Since the portfolio will not be changed inconnection with this change to the GICS® structure,it will impact the portfolio’s sector weightings. Inaddition, companies which, based on publicly availableinformation as of two business days prior to the dateof this prospectus, are the target of an announced busi-ness combination which we expect will happen withinsix months of the date of this prospectus have beenexcluded from the universe of securities from whichthe trust’s securities are selected.


As with all investments, you can lose money byinvesting in this trust. The trust also might not performas well as you expect. This can happen for reasons suchas these:





INTERNATIONAL HIGH 30 DIVIDEND PORTFOLIO


• TThhee ttrruusstt’’ss ppeerrffoorrmmaannccee mmiigghhtt nnoott ssuuffffiicciieennttllyyccoorrrreessppoonndd ttoo ppuubblliisshheedd hhyyppootthheettiiccaall bbaacckk--tteesstteeddppeerrffoorrmmaannccee ooff tthhee ttrruusstt’’ss iinnvveessttmmeenntt ssttrraatteeggyy..This can happen for reasons such as an inability toexactly replicate the weightings of securities in thestrategy or be fully invested, timing of the trustoffering or timing of your investment, and trustexpenses. Hypothetical back-tested performanceis not actual past performance of this or any trust.Hypothetical back-tested performance is based onapplication of a trust’s investment strategy as of aparticular time.

• SSeeccuurriittiieess ooff ffoorreeiiggnn ccoommppaanniieess hheelldd bbyy tthhee ttrruussttpprreesseenntt rriisskkss bbeeyyoonndd tthhoossee ooff UU..SS.. iissssuueerrss.. Theserisks may include market and political factorsrelated to the company’s foreign market, interna-tional trade conditions, less regulation, smaller orless liquid markets, increased volatility, differingaccounting practices and changes in the value offoreign currencies.





• to own a defined portfolio of stocks of foreigncompanies selected based on historical divi-dend yields.

• to pursue a long-term, dividend-orientedinvestment strategy that includes investment insubsequent portfolios, if available.

• the potential to receive dividend income andcapital appreciation.


• are uncomfortable with the risks of an unman-aged investment in stocks of foreign companies.


• seek aggressive growth without current income.












EEXXAAMMPPLLEE












Ticker Symbol IHTAYX



International High 30 Dividend Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)PortfolioAs of the trust inception date, August 20, 2018



238 SJR Shaw Communications, Inc. (3) 3.34% $20.82 $4,95540 TM Toyota Motor Corporation 3.32 123.28 4,93161 WPP WPP PLC (3) 3.32 80.87 4,933


49 BUD Anheuser-Busch InBev SA/NV 3.29 99.86 4,89392 BTI British American Tobacco PLC 3.33 53.69 4,94088 UL Unilever PLC 3.34 56.35 4,959

Energy - 10.02%

54 SNP China Petroleum & Chemical Corporation 3.38 92.84 5,013137 ENB Enbridge, Inc. 3.32 36.03 4,936

78 RDS/A Royal Dutch Shell PLC 3.32 63.19 4,929

Financials - 10.01%

401 AVVIY Aviva PLC 3.33 12.34 4,948371 ING ING Groep N.V. 3.34 13.35 4,953224 WBK Westpac Banking Corporation 3.34 22.11 4,953


130 AZN AstraZeneca PLC 3.34 38.12 4,956120 GSK GlaxoSmithKline PLC 3.33 41.25 4,950118 SNY Sanofi 3.34 42.04 4,961


220 ABB ABB Limited 3.34 22.54 4,95956 CNI Canadian National Railway Company 3.36 89.04 4,986

227 RENX RELX NV 3.34 21.83 4,955

(continued)



International High 30 Dividend Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)Portfolio (Continued)As of the trust inception date, August 20, 2018


156 CAJ Canon, Inc. 3.34% $31.83 $4,966949 NOK Nokia OYJ 3.34 5.23 4,963124 TSM Taiwan Semiconductor Manufacturing

Company Limited 3.35 40.13 4,976

Materials - 9.98%

118 BBL BHP Billiton PLC 3.33 41.96 4,95177 GOLD Randgold Resources Limited 3.34 64.50 4,967

102 RIO Rio Tinto PLC 3.31 48.26 4,923


119 BCE BCE, Inc. (3) 3.33 41.54 4,943340 BT BT Group PLC (3) 3.32 14.52 4,937217 VOD Vodafone Group PLC (3) 3.33 22.78 4,943

Utilities - 9.99%

2,444 CIG Companhia Energetica de Minas Gerais 3.34 2.03 4,961623 ENIA Enel Americas S.A. 3.33 7.93 4,940

92 NGG National Grid PLC 3.32 53.65 4,936

100.00% $148,516

Notes to Portfolio

(1) Securities are represented by contracts to purchase securities. The value of each security is based on the most recent closing sale price of eachsecurity as of the close of regular trading on the New York Stock Exchange on the business day prior to the trust’s inception date. In accordancewith Accounting Standards Codification 820, “Fair Value Measurements”, the trust’s investments are classified as Level 1, which refers to securityprices determined using quoted prices in active markets for identical securities. All securities are issued by foreign issuers.


Australia 3.34% Belgium 3.29% Brazil 3.34%Canada 13.35% Chile 3.33% China 3.38%Finland 3.34% France 3.34% Japan 6.66%Jersey 6.66% Netherlands 6.68% Switzerland 3.34%Taiwan 3.35% United Kingdom 36.60%


(3) Effective October 1, 2018 as part of revisions to the GICS® structure, this security will be re-classified as part of the new Communication Services Sector.



HHYYPPOOTTHHEETTIICCAALL BBAACCKK--TTEESSTTEEDD PPEERRFFOORRMMAANNCCEE

IINNFFOORRMMAATTIIOONN

The following table compares hypotheticalback-tested performance information for thestrategy employed by the trust and the actualperformance of the Standard & Poor’s ADRIndex and the Standard & Poor’s 500 Index ineach of the years listed below (and as of the mostrecent month end). These hypothetical back-tested returns do not guarantee and should notbe used to predict future performance of thetrust. Returns from the trust will differ from thehypothetical strategy returns for several reasons,including:

• total return figures shown do not reflectcommissions paid by the trust on the pur-chase of securities or taxes you will incur;

• strategy returns are for calendar years (andthrough the most recent month), whiletrusts begin and end on various dates;

• extraordinary market events that we havenot expected to be repeated and mayhave affected performance;

• the trust has a scheduled term longerthan one year;

• the trust may not be fully invested at alltimes or equally weighted in all securitiescomprising its strategy; and

• the trust often purchases or sells securitiesat prices different from the closing pricesused in buying and selling units.

You should note that the trust is notdesigned to parallel movements in any index, andit is not expected that it will do so. In fact, thetrust’s strategy underperformed its comparativeindexes in certain years and we cannot guaranteethat the trust will outperform any index over the

life of the trust or over consecutive rollover peri-ods, if available.


InternationalHigh 30Strategy

Hypothetical S&P ADR S&P 500Year Performance Index Index

2008 -43.67% -42.50% -36.99%2009 62.71+ 37.43 26.452010 8.93 7.87 15.082011 -7.83 -10.31 2.082012 9.38 16.43 15.982013 20.80 15.86 32.362014 -11.90 -4.36 13.652015 -26.58 -8.66 1.382016 11.53 6.17 11.932017 21.91 22.08 21.802018 thru 7/31 -2.40 0.48 6.47

Source: Bloomberg L.P.+ these returns are the result of extraordinary market events

and are not expected to be repeated.

Hypothetical back-tested performance is noguarantee of future results. Hypothetical back-test-ed performance of the International High 30Strategy (the “strategy securities”) is hypothetical(and does not represent any actual trust), is shownfor illustrative purposes only and is not intended toindicate the future performance of any investment,including the trust. The strategy securities for agiven year consist of the common stocks selectedby applying the strategy as of the beginning of theperiod (and not the date the trust actually sellsunits). The hypothetical back-tested performanceof the strategy securities for 1 of the 11 periodsshown are the result of extraordinary market eventsand are not expected to be repeated.

Securities are selected through application of astrategy at a particular point in time and if a securi-ty which is a component of a strategy is merged outof existence, de-listed or suffers a similar fate during


the period in which the strategy performance isbeing measured, such security will not be replacedby another security during that period. The strat-egy is not rebalanced during each one year periodand as a result the securities used for determininghypothetical back-tested performance will nottake into account subsequent changes to theindexes used as a starting point for the strategy.

Prior to the market close on August 31, 2016,there were ten GICS® sectors and after the mar-ket close on August 31, 2016, a Real EstateGICS® sector was added, elevating its positionfrom under the Financials GICS® sector, bring-ing the total number of GICS® sectors to eleven.Prior to August 31, 2016, the InternationalHigh 30 Strategy selected three securities from(after the application of certain screens) each ofthe then existing ten GICS® sectors. AfterAugust 31, 2016, the International High 30Strategy selects the three securities from each ofthe nine GICS® sectors other than the Financialsand Real Estate sectors and three additional secu-rities from the Financials and Real Estate GICS®

sectors combined (for a total of 30 securities) afterthe application of certain screens. The hypotheti-cal back-tested performance for 2016 and earlierare based on the International High 30 Strategywith ten GICS® sectors.

Total return represents the sum of the changein market value of each group of securities betweenthe first and last trading day of a period plus thetotal dividends paid on each group of stocks duringsuch period divided by the opening market valueof each group of stocks as of the first trading day ofa period. Total return figures shown above in thetable assume that all dividends are reinvested semi-annually. Strategy figures reflect the deduction ofsales charges and expenses but have not beenreduced by estimated brokerage commissions andother transaction costs paid by the trust in acquir-ing securities or any taxes incurred by investors.

Hypothetical back-tested returns are hypo-thetical, meaning that they do not representactual trading, and, thus, may not reflect materi-al economic and market factors, such as liquidityconstraints, that may have had an impact onactual decision making. The hypothetical back-tested performance is the retroactive applicationof the strategy designed with the full benefit ofhindsight.

The trust strategy is based on the S&P ADRIndex. The S&P ADR Index is designed to trackthe S&P 700 Index. The S&P ADR Index onlyincludes securities that can be traded and settled inthe U.S. The index is made up of those compa-nies from the S&P 700 Index that offer eitherLevel II or Level III ADRs, global shares, or ordi-nary shares in the case of Canadian equities.(Level II and III ADRs are listed on U.S. securitiesexchanges or Nasdaq and must comply with cer-tain Securities and Exchange Commission disclo-sure requirements.) The S&P 700 Index is a sub-set of the S&P Global 1200 Index, representingthe non-US segment of global equity markets. Itis the S&P Global 1200 Index excluding the S&P500 Index stocks. The S&P Global 1200 Index isa composite index, comprised of seven regionaland country headline indices, many of which arethe accepted leaders in their local markets. TheS&P Global 1200 Index covers 30 countries andconsists of seven regional components.

The indexes are unmanaged, not subject tofees, and not available for direct investment.

The strategy is derived from stocks containedin the S&P ADR Index. S&P Dow JonesIndices, a division of the S&P Global Inc., pub-lisher of the S&P ADR Index, is not affiliatedwith us and has not participated in creating thetrust or selecting the securities for the trust, norhave they reviewed or approved of any of theinformation contained herein.



The trust seeks to provide above average divi-dend income and lower volatility compared to thebroader U.S. equity market with capital apprecia-tion as a secondary objective. There is no assur-ance the trust will achieve its objective.


The trust seeks to achieve its objective byinvesting in a portfolio primarily consisting ofcommon stocks of large capitalization companies(defined as companies with capitalizations withinthe collective range of the Russell 1000® andS&P 500 Indices as of the trust’s inception)selected by Hartford Investment ManagementCompany (“HIMCO”). In selecting the portfo-lio, HIMCO sought to achieve the lowest amountof expected volatility compared to the broad U.S.equity market over the life of the trust subject toa set of reasonable constraints related to qualityand dividend yield designed by HIMCO. Lowvolatility stocks tend to have lower risk profilesthan the equity market in general. Investing inlow volatility stocks may not protect the trustfrom market declines and may reduce the trust’sparticipation in market gains.

HIMCO used a structured quantitativeapproach for its stock selection focusing on threemain characteristics: minimum volatility, qualityand dividend yield. From a minimum volatilityperspective, the process sought to identify a port-folio of stocks with lower expected volatility thanthe broader U.S. equity market. This analysisconsidered a stock’s beta, as well as its idiosyncrat-ic risk determined by HIMCO. From a qualityperspective, stock selection focused on identifyingcompanies with attractive fundamentals focusing

on solid balance sheets, high quality earnings, andattractive growth prospects (e.g. margin expan-sion, asset quality, low leverage, etc.). This analy-sis also considered the impact of potential corpo-rate events that may alter a company’s future fun-damentals. Finally, from a dividend yield per-spective, the process focused on stocks of compa-nies with above average dividend yield. Finalstock selection was based primarily on the overallportfolio from the minimum volatility perspectivewith consideration of the quality and dividendyield perspectives. In selecting the trust’s portfo-lio, HIMCO also considered the portfolio’s sectorexposures relative to custom sector classificationsdefined by HIMCO (based on Russell Industryclassifications). The trust’s sector weightings mayvary significantly from the sector weightings ofthe Russell 1000® or S&P 500 Indices.





• TThhee ffiinnaanncciiaall ccoonnddiittiioonn ooff aann iissssuueerr mmaayywwoorrsseenn oorr iittss ccrreeddiitt rraattiinnggss mmaayy ddrroopp,, rreessuulltt--iinngg iinn aa rreedduuccttiioonn iinn tthhee vvaalluuee ooff yyoouurr uunniittss..This may occur at any point in time, includ-ing during the primary offering period of thetrust.

MINIMUM VOLATILITY EQUITY INCOME PORTFOLIO


• TThhee ttrruusstt iinnvveessttss iinn sseeccuurriittiieess sseelleecctteedd bbyyHHIIMMCCOO.. In the event that HIMCO incor-rectly assesses an issuer’s prospects forgrowth or if HIMCO’s judgment about howother investors will value an issuer’s growthis wrong, then the price of an issuer’s stockmay decrease or not increase to the levelanticipated.



HIMCO, Hartford Investment ManagementCompany, is a registered investment adviser.

HIMCO is not an affiliate of the sponsor.HIMCO selected a list of securities to be includedin the portfolio based on the criteria provided bythe sponsor. HIMCO makes no representationsthat the portfolio will achieve the investmentobjectives or will be profitable or suitable for anyparticular potential investor. The sponsor did notselect the securities for the trust.

HIMCO may use the list of securities in itsindependent capacity as an investment adviserand distribute this information to various individ-uals and entities. HIMCO may recommend toother clients or otherwise effect transactions inthe securities held by the trust. This may have anadverse effect on the prices of the securities. Thisalso may have an impact on the price the trustpays for the securities and the price received uponunit redemptions or liquidation of the securities.HIMCO may also issue reports and make recom-mendations on securities, which may include thesecurities in the trust.

Neither HIMCO nor the sponsor managesthe trust. Opinions expressed by HIMCO arenot necessarily those of the sponsor, and may notactually prove correct. The trust will payHIMCO a fee for selecting the trust’s portfolio.The trust will also pay a license fee for the use ofcertain service marks, trademarks, trade namesand/or other property of HIMCO.





• to own a portfolio primarily consisting ofstocks.

• the potential for dividend income andlower volatility compared to the broaderU.S. equity market with capital appreciationas a secondary objective.


• are uncomfortable with the risks of anunmanaged investment in stocks.

• seek capital preservation or capital apprecia-tion as a primary objective.











EEXXAAMMPPLLEE











Ticker Symbol MVIANX




Minimum Volatility Equity Income Portfolio,Series 2018-3Q — A Hartford Investment Management Company (“HIMCO”) Portfolio(Advisors Disciplined Trust 1889)Portfolio — As of the trust inception date, August 20, 2018



28 DRI Darden Restaurants, Inc. 1.93% $113.85 $3,188293 F Ford Motor Company 1.69 9.55 2,798

63 GM General Motors Company 1.39 36.38 2,29271 LB L Brands, Inc. 1.40 32.55 2,31178 M Macy’s, Inc. 1.70 36.03 2,81022 MCD McDonald’s Corporation 2.14 161.15 3,545


13 CLX The Clorox Company 1.16 147.53 1,91827 K Kellogg Company 1.20 73.63 1,98819 PEP PepsiCo, Inc. 1.32 114.96 2,18425 PM Philip Morris International, Inc. 1.29 85.05 2,12633 PG The Procter & Gamble Company 1.67 83.69 2,76225 WMT Walmart, Inc. 1.48 97.85 2,446

Energy - 5.63%

21 CVX Chevron Corporation 1.50 117.80 2,47453 XOM Exxon Mobil Corporation 2.51 78.26 4,14834 OXY Occidental Petroleum Corporation 1.62 78.55 2,671

Financials - 18.60%

86 AGNC AGNC Investment Corporation 1.00 19.30 1,660155 NLY Annaly Capital Management, Inc. 1.00 10.68 1,655

18 CME CME Group, Inc. 1.84 169.38 3,04918 ERIE Erie Indemnity Company 1.38 126.54 2,278

147 FNB FNB Corporation 1.20 13.45 1,97750 MCY Mercury General Corporation 1.60 52.81 2,640

258 NYCB New York Community Bancorp, Inc. 1.69 10.85 2,799133 PBCT People’s United Financial, Inc. 1.51 18.72 2,490

62 PRA ProAssurance Corporation 1.79 47.60 2,951204 TFSL TFS Financial Corporation 1.90 15.37 3,135

85 TWO Two Harbors Investment Corporation 0.80 15.61 1,32743 USB U.S. Bancorp 1.39 53.29 2,29142 WFC Wells Fargo & Company 1.50 58.86 2,472

(Continued)



Minimum Volatility Equity Income Portfolio,Series 2018-3Q — A Hartford Investment Management Company (“HIMCO”) Portfolio(Advisors Disciplined Trust 1889)Portfolio (Continued) — As of the trust inception date, August 20, 2018


32 CAH Cardinal Health, Inc. 1.00% $51.90 $1,66128 LLY Eli Lilly & Company 1.79 105.55 2,95533 EHC Encompass Health Corporation 1.61 80.75 2,66529 GILD Gilead Sciences, Inc. 1.28 72.92 2,11534 JNJ Johnson & Johnson 2.77 134.47 4,57226 MDT Medtronic PLC (3) 1.43 90.60 2,35643 MRK Merck & Company, Inc. 1.80 69.06 2,97086 PFE Pfizer, Inc. 2.19 42.09 3,62022 DGX Quest Diagnostics, Inc. 1.48 111.44 2,45213 SYK Stryker Corporation 1.34 169.98 2,21011 UNH UnitedHealth Group, Inc. 1.75 262.33 2,886


201 GE General Electric Company 1.50 12.30 2,47221 HON Honeywell International, Inc. 1.97 155.17 3,25934 JCI Johnson Controls International plc (3) 0.79 38.25 1,300

9 LMT Lockheed Martin Corporation 1.77 325.23 2,927265 PBI Pitney Bowes, Inc. 1.30 8.08 2,141

51 RSG Republic Services, Inc. 2.30 74.49 3,79927 WM Waste Management, Inc. 1.49 91.34 2,466


58 DOX Amdocs Limited (3) 2.30 65.40 3,79325 AAPL Apple, Inc. 3.29 217.58 5,43965 CSCO Cisco Systems, Inc. 1.80 45.87 2,982

101 INTC Intel Corporation 2.88 47.10 4,75719 IBM International Business Machines Corporation 1.68 146.06 2,77548 MSFT Microsoft Corporation 3.13 107.58 5,16445 QCOM QUALCOMM, Inc. 1.80 66.06 2,973

Materials - 2.70%

59 SMG The Scotts Miracle-Gro Company 2.70 75.51 4,455

(Continued)



Minimum Volatility Equity Income Portfolio,Series 2018-3Q — A Hartford Investment Management Company (“HIMCO”) Portfolio(Advisors Disciplined Trust 1889)Portfolio (Continued) — As of the trust inception date, August 20, 2018

Real Estate - 0.90%

13 CCI Crown Castle International Corporation 0.90% $113.86 $1,480


130 T AT&T, Inc. 2.60 33.03 4,29491 CTL CenturyLink, Inc. 1.29 23.48 2,13751 VZ Verizon Communications, Inc. 1.69 54.79 2,794

Utilities - 1.78%

12 ED Consolidated Edison, Inc. 0.59 81.17 97442 SO The Southern Company 1.19 46.97 1,973

100.00% $165,201

Notes to Portfolio





Guernsey 2.30%Ireland 2.22%United States 95.48%





The trust seeks to provide capital appreciation.There is no assurance the trust will achieve thisobjective.


The trust seeks to provide capital appreciation byinvesting in a diversified portfolio of common stocksof companies involved in aspects of agriculture, energy,health care, precious metals, potable water, the devel-opment and maintenance of infrastructure systems, orother related areas that could benefit from the expand-ing economies of the 21st century. Eugene E. Peroni,Jr. of Peroni Portfolio Advisors, Inc. (the “PortfolioConsultant”) selects the trust’s portfolio through theapplication of his proprietary method of technicalanalysis, the Peroni Method®, with consideration ofinvestment opportunities.

The Peroni Method® is a bottom-up approach tostock selection that is primarily based on technicalanalysis. The methodology examines a stock’s pricearchitecture, accumulation and distribution trends andrelative strength patterns, among other more subtletrading characteristics. This information is partly gath-ered and analyzed through hand drawn point and fig-ure charts which have been a part of the methodologyfor over half a century. While the Peroni Method® isprimarily focused on the technical characteristics ofindividual stocks, economic, monetary, geopoliticaland sentiment factors at play in the market place arealso incorporated to identify leading stocks and sectors.

Technical analysis differs from fundamental analysis,which generally involves financial scrutiny of the issu-ing company and considers such factors as earningsprojections, P/E ratios, cash flow and other balancesheet data. The Peroni Method® may be an invest-ment alternative to fundamental analysis.

Mr. Peroni uses the Peroni Method® to select stocksthat he believes are best able to provide capital appreci-ation. He believes that technical factors can help iden-tify industry sector relative strength patterns that mayplay an important role in investment success. Themethodology allows an unconstrained approach to

stock selection, spanning all market caps and invest-ment styles, i.e. growth and value.

Eugene E. Peroni Jr. has regularly published hisinsights in reports offering stock market forecasts andspecific stock recommendations for both short andlonger-term investments. Mr. Peroni regularly appearson CNBC, CBS MarketWatch, Nightly BusinessReport, Fox Business News and Bloomberg Radio,and has been quoted in publications such as The WallStreet Journal, The New York Times, U.S. News andWorld Report and Investors Business Daily.

Mr. Peroni began training in the field of technicalresearch at age 16 with his father, Eugene E. Peroni,Sr., who founded the Peroni Method® more than 50years ago. Mr. Peroni has over 40 years of experiencein his field. The Peroni Method® uses a bottom-upapproach, primarily emphasizing the technical meritsof individual stocks.

Mr. Peroni has a library of approximately 1,000hand-charted stocks that is the result of extensive tech-nical research and is regularly refreshed to include newopportunities gleaned through ticker tape analysis,news outlets, corporate developments and practicalobservations. Charts with attractive price architectureare noted and stocks are ranked and screened on a reg-ular basis. Historical characteristics are analyzed forprice and volume shifts and evaluations are made usingmoney flow and relative strength trends. Sector rela-tive strength is then determined by unbiased groupingsof attractive stocks. Portfolio construction progressesas weightings are determined by analyzing individualstock price behavior, economic factors, monetarytrends, psychological oscillators and investor psycholo-gy. Those stocks with the best technical characteristicsin strong or emerging leadership sectors are candidatesfor inclusion in the portfolio while also taking intoconsideration appropriate diversification.

The Peroni Method® examines numerous techni-cal, psychological and fundamental data. The datamay include:

• a stock’s historical price architecture

• net money flow trends in individual stocks


STRATEGIC FOUNDATIONS OF GROWTH PORTFOLIO

• the relative behavior of a stock’s price per-formance compared to other stocks in thesame sector

• sentiment readings such as the volatility index

• fiscal and monetary factors

• geopolitical events and their impact on specif-ic sectors

Mr. Peroni selects stocks he believes are best suitedto the trust’s investment objective, which is capitalappreciation.




• TThhee ffiinnaanncciiaall ccoonnddiittiioonn ooff aann iissssuueerr mmaayy wwoorrsseennoorr iittss ccrreeddiitt rraattiinnggss mmaayy ddrroopp,, rreessuullttiinngg iinn aarreedduuccttiioonn iinn tthhee vvaalluuee ooff yyoouurr uunniittss.. This mayoccur at any point in time, including during theinitial offering period.

• AAnn iissssuueerr mmaayy bbee uunnwwiilllliinngg oorr uunnaabbllee ttoo ddeeccllaarreeddiivviiddeennddss iinn tthhee ffuuttuurree,, oorr mmaayy rreedduuccee tthhee lleevveellooff ddiivviiddeennddss ddeeccllaarreedd.. This may result in areduction in the value of your units.

• TThhee PPeerroonnii MMeetthhoodd®® mmaayy nnoott iiddeennttiiffyy ssttoocckkss tthhaattwwiillll ssaattiissffyy tthhee ttrruusstt’’ss iinnvveessttmmeenntt oobbjjeeccttiivvee..

• TThhee ttrruusstt iiss ccoonncceennttrraatteedd iinn sseeccuurriittiieess iissssuueedd bbyyccoommppaanniieess iinn tthhee iinndduussttrriiaallss aanndd iinnffoorrmmaattiioonntteecchhnnoollooggyy sseeccttoorrss.. Negative developmentsimpacting companies in these sectors will affectthe value of your investment more than would bethe case in a more diversified investment.

• TThhee ttrruusstt mmaayy iinnvveesstt iinn sseeccuurriittiieess ooff ssmmaallll aannddmmiidd--ssiizzee ccoommppaanniieess.. These securities are oftenmore volatile and have lower trading volumes

than securities of larger companies. Small andmid-size companies may have limited products orfinancial resources, management inexperience andless publicly available information.

• WWee** ddoo nnoott aaccttiivveellyy mmaannaaggee tthhee ppoorrttffoolliioo.. Exceptin limited circumstances, the trust will hold, andcontinue to buy, shares of the same securities evenif their market value declines.


The Portfolio Consultant, Peroni PortfolioAdvisors, Inc., is an investment adviser registered inPennsylvania.

The Portfolio Consultant is not an affiliate of thesponsor. The Portfolio Consultant makes no represen-tations that the portfolio will achieve the investmentobjectives or will be profitable or suitable for any par-ticular potential investor. The sponsor did not selectthe securities for the trust.

The Portfolio Consultant and/or its affiliates mayuse the list of securities in its independent capacity asan investment adviser and distribute this informationto various individuals and entities. The PortfolioConsultant and/or its affiliates may recommend toother clients or otherwise effect transactions in thesecurities held by the trust. This may have an adverseeffect on the prices of the securities. This also mayhave an impact on the price the trust pays for the secu-rities and the price received upon unit redemptions orliquidation of the securities. The Portfolio Consultantand/or its affiliates also may issue reports and makesrecommendations on securities, which may include thesecurities in the trust.

Neither the Portfolio Consultant nor the sponsormanages the trust. Opinions expressed by the PortfolioConsultant are not necessarily those of the sponsor, andmay not actually come to pass. The trust will pay thePortfolio Consultant a fee for selecting the trust’s port-folio. The trust will also pay a license fee for the use ofcertain service marks, trademarks, trade names and/orother property of the Portfolio Consultant.





• to own a defined portfolio of stocks of com-panies selected based on technical analysis(rather than fundamental analysis).



• are uncomfortable with the risks of anunmanaged investment in common stocksselected based on technical analysis (ratherthan fundamental analysis).













EEXXAAMMPPLLEE








Distribution dates 25th day of Juneand December

Record dates 10th day of Juneand December




Ticker Symbol SFGAOX



Strategic Foundations of Growth Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)PortfolioAs of the trust inception date, August 20, 2018


Consumer Discretionary - 7.97%2 AMZN Amazon.com, Inc. (4) 1.98% $1,882.22 $3,764

19 HD The Home Depot, Inc. 1.96 195.56 3,71613 MTN Vail Resorts, Inc. 2.02 294.83 3,83334 DIS The Walt Disney Company 2.01 112.48 3,824

Consumer Staples - 2.02%17 COST Costco Wholesale Corporation 2.02 225.68 3,837

Energy - 1.98%54 COP ConocoPhillips 1.98 69.77 3,768

Health Care - 5.95%11 ALGN Align Technology, Inc. (4) 2.07 357.30 3,930

7 ISRG Intuitive Surgical, Inc. (4) 1.94 524.92 3,67414 UNH UnitedHealth Group, Inc. 1.94 262.33 3,673

Industrials - 42.03%11 BA The Boeing Company 2.01 346.40 3,81030 CSL Carlisle Companies, Inc. 1.98 125.17 3,75527 CAT Caterpillar, Inc. 1.98 139.34 3,76227 DE Deere & Company 2.00 140.59 3,79647 ETN Eaton Corporation PLC (3) 2.01 81.00 3,80764 FAST Fastenal Company 2.01 59.51 3,80915 FDX FedEx Corporation 1.95 246.94 3,70423 HRS Harris Corporation 2.00 164.66 3,78725 IEX IDEX Corporation 2.00 152.12 3,80338 IR Ingersoll-Rand PLC (3) 2.00 99.81 3,79362 ITT ITT, Inc. 2.00 61.12 3,78917 LII Lennox International, Inc. 1.99 222.66 3,78512 LMT Lockheed Martin Corporation 2.06 325.23 3,90322 NSC Norfolk Southern Corporation 2.02 174.07 3,83019 RTN Raytheon Company 1.99 199.09 3,78313 ROP Roper Technologies, Inc. 2.04 297.88 3,87235 SXI Standex International Corporation 2.00 108.45 3,79616 TDY Teledyne Technologies, Inc. (4) 1.97 234.00 3,74425 UNP Union Pacific Corporation 1.97 149.46 3,73728 UTX United Technologies Corporation 1.98 134.44 3,76411 GWW W.W. Grainger, Inc. 2.07 357.73 3,935

Continued



Strategic Foundations of Growth Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)Portfolio (Continued)As of the trust inception date, August 20, 2018


15 ADBE Adobe Systems, Inc. (4) 1.94% $245.70 $3,6863 GOOG Alphabet, Inc. (4) 1.90 1,200.96 3,603

18 AAPL Apple, Inc. 2.06 217.58 3,91632 GPN Global Payments, Inc. 2.00 118.67 3,79718 INTU Intuit, Inc. 1.97 207.89 3,74235 MSFT Microsoft Corporation 1.98 107.58 3,76527 MPWR Monolithic Power Systems, Inc. 2.00 140.72 3,79931 MSI Motorola Solutions, Inc. 2.01 122.99 3,81329 ROG Rogers Corporation (4) 2.01 131.41 3,81121 NOW ServiceNow, Inc. (4) 2.00 180.83 3,79720 SPOT Spotify Technology S.A. (3)(4) 1.99 188.37 3,76727 V Visa, Inc. 2.01 141.33 3,81627 WDAY Workday, Inc. (4) 2.03 142.65 3,852

Materials - 14.15%

45 ASH Ashland Global Holdings, Inc. 2.01 84.82 3,81733 CE Celanese Corporation 2.01 115.69 3,81834 LYB LyondellBasell Industries N.V. (3) 2.03 113.10 3,84561 MTRN Materion Corporation 1.99 61.80 3,77054 MEOH Methanex Corporation (3) 2.01 70.55 3,81022 KWR Quaker Chemical Corporation 2.00 172.83 3,802

9 SHW The Sherwin-Williams Company 2.10 443.39 3,991

100.00% $189,800

Notes to Portfolio





Canada 2.01% Ireland 4.01%Luxembourg 1.99% Netherlands 2.03%United States 89.96%





The trust seeks to provide above average total return.There is no assurance the trust will achieve its objective.


The trust invests in a diversified portfolio of 80equity securities with 50 securities selected using theHigh 50® Dividend Strategy and 30 securities selectedusing the International High 30 Dividend Strategy asof August 13, 2018. Both the High 50® DividendStrategy and the International High 30 DividendStrategy are specialized dividend-oriented strategies thatseek to provide above average total return. Each strate-gy is described in detail below. We* selected the portfo-lio in an effort to provide an enhanced total returnwhile reducing overall portfolio volatility through diver-sification of securities and investment strategies.

The trust invests in each security in approximatelyequal weightings as of the trust’s inception and theweightings will vary thereafter in accordance with fluc-tuations in stock prices. We currently offer separateunit investment trusts that invest according to thesame or similar investment strategies. The compo-nents, portfolio securities and structure of the trustoffered in this prospectus may differ in certain respectsfrom those other trusts we may be offering that usesimilar investment strategies.

HHiigghh 5500®® DDiivviiddeenndd SSttrraatteeggyy.. This strategy selects50 securities using a specialized dividend-oriented strate-gy that seeks to provide above average total return. Weselected the 50 securities using the following strategy:

• We begin with the companies included in theNew York Stock Exchange (NYSE)Composite Index, Nasdaq Composite Indexand NYSE MKT Composite Index.

• Stocks are eliminated if at the time of selec-tion:

• the company’s stock market capitaliza-tion is $1 billion or less,

• the company’s headquarters is locatedoutside the United States,

• the stocks are securities of limited part-nerships, exchange-traded funds, invest-ment companies or shares of beneficialinterest to the extent such securities arenot otherwise excluded from the compo-sition of the indexes.

• We select the five securities with the highestdividend yields from the remaining securitiesof companies in each of the nine GlobalIndustry Classification Standard (GICS®)sectors other than the Financials and RealEstate sectors and the five securities with thehighest dividend yields from the remainingsecurities of companies in the Financials andReal Estate GICS® sectors combined (for atotal of 50 securities). Effectively, afterSeptember 1, 2016 the strategy seeks to treatthe Real Estate GICS® sector as if it was stillpositioned under the Financials GICS® sec-tor (as it was prior to September 1, 2016).The trust invests in these 50 stocks.

The eleven industry sectors used in the strategyare the GICS® sectors published by S&P Dow JonesIndices and MSCI Inc. Please note that we appliedthe strategy to select the portfolio at a particular time.If we create additional units of the trust after the trust’sinception date, the trust will purchase the securitiesoriginally selected by applying the strategy. This istrue even if a later application of the strategy wouldhave resulted in the selection of different securities. Inaddition, companies which, based on publicly availableinformation as of two business days prior to the dateof this prospectus, are the target of an announced busi-ness acquisition which we expect will happen, withinsix months of the date of this prospectus have beenexcluded from the universe of securities from whichthe trust’s securities are selected.

The High 50® Dividend Strategy begins with theNYSE Composite Index, the Nasdaq CompositeIndex and the NYSE MKT Composite Index. TheNYSE Composite Index is designed to measure the

STRATEGIC HIGH 80 DIVIDEND PORTFOLIO



performance of all common stocks listed on theNYSE, including American Depository Receipts(ADRs), real estate investment trusts (REITs) andtracking stocks. All closed-end funds, exchange-trad-ed funds, limited partnerships and derivatives areexcluded from the index. The Nasdaq CompositeIndex measures all domestic and international basedcommon type stocks traded on The Nasdaq StockMarket. To be eligible for inclusion in this index thesecurity’s U.S. listing must be exclusively on TheNasdaq Stock Market (with certain exceptions), andhave a security type of ADRs, common stock, limitedpartnership interests, ordinary shares, REITs, shares ofbeneficial interest or tracking stocks. Security typesnot included in this index are closed-end funds, con-vertible debentures, exchange-traded funds, preferredstocks, rights, warrants, units and other derivativesecurities. The NYSE MKT Composite Index is anindex representing the aggregate value of the commonshares or ADRs of all NYSE MKT-listed companies,REITs, master limited partnerships and closed-endinvestment companies. The publishers of the indexesare not affiliated with us and have not participated increating the trust or selecting the securities for thetrust, nor have they reviewed or approved of any ofthe information contained herein.

IInntteerrnnaattiioonnaall HHiigghh 3300 DDiivviiddeenndd SSttrraatteeggyy.. Thisstrategy selects 30 securities of foreign companiesselected using a specialized dividend-oriented strategythat seeks to provide above average total return. Thisstrategy also seeks to outperform the S&P ADR Index.We selected these 30 securities using the followingstrategy:

• We begin with the companies listed in theS&P ADR Index. The S&P ADR Index isbased on the non-U.S. stocks comprising theS&P Global 1200 Index. The S&P ADRIndex is made up of those companies fromthe S&P Global 1200 Index that offer eitherLevel II or Level III ADRs, global shares, orordinary shares in the case of Canadianequities. The S&P Global 1200 Index cov-ers 30 countries and consists of sevenregional components.

• From the S&P ADR Index, we select thethree securities with the highest dividendyields in each of the nine GICS® sectorsother than the Financials and Real Estatesectors and the three securities with thehighest dividend yields in the Financials andReal Estate GICS® sectors combined.Effectively, after September 1, 2016 thestrategy seeks to treat the Real EstateGICS® sector as if it was still positionedunder the Financials GICS® sector (as itwas prior to September 1, 2016).

• We select those 30 stocks for the trust’sportfolio.

The eleven industry sectors used in the strategyare the GICS® sectors published by S&P Dow JonesIndices and MSCI Inc. Please note that we appliedthe strategy to select the portfolio at a particular time.If we create additional units of the trust after the trust’sinception date, the trust will purchase the securitiesoriginally selected by applying the strategy. This istrue even if a later application of the strategy wouldhave resulted in the selection of different securities.Effective October 1, 2018 revisions are being made tothe GICS® structure including the renaming of theTelecommunication Services Sector to theCommunication Services Sector and the broadening ofthat sector to incorporate a number of companies cur-rently categorized as Consumer Discretionary Sectorcompanies. Since the portfolio will not be changed inconnection with this change to the GICS® structure,it will impact the portfolio’s sector weightings. Inaddition, companies which, based on publicly availableinformation as of two business days prior to the dateof this prospectus, are the target of an announced busi-ness combination which we expect will happen withinsix months of the date of this prospectus have beenexcluded from the universe of securities from whichthe trust’s securities are selected.

The International High 30 Dividend Strategy isbased on the S&P ADR Index. The S&P ADR Indexis designed to track the S&P 700 Index. The S&PADR Index only includes securities that can be tradedand settled in the U.S. The index is made up of those


companies from the S&P 700 Index that offer eitherLevel II or Level III ADRs, global shares, or ordinaryshares in the case of Canadian equities. The S&P 700Index is a subset of the S&P Global 1200 Index, repre-senting the non-US segment of global equity markets.It is the S&P Global 1200 Index excluding the S&P500 Index stocks. The S&P Global 1200 Index is acomposite index, comprised of seven regional andcountry headline indices, many of which are the accept-ed leaders in their local markets. The S&P Global1200 Index covers 30 countries and consists of sevenregional components. The strategy is derived fromstocks contained in the S&P ADR Index. S&P DowJones, a division of the S&P Global Inc., publisher ofthe S&P ADR Index, is not affiliated with us and hasnot participated in creating the trust or selecting thesecurities for the trust, nor have they reviewed orapproved of any of the information contained herein.

Please note that we applied the strategy to select theportfolio at a particular time. If we create additionalunits of the trust after the trust’s inception date, thetrust will purchase the securities originally selected byapplying the strategy. This is true even if a later applica-tion of the strategy would have resulted in the selectionof different securities. In addition, companies which,based on publicly available information as of two busi-ness days prior to the date of this prospectus, are the tar-get of an announced business acquisition which weexpect will happen within six months of the date of thisprospectus have been excluded from the universe ofsecurities from which the trust’s securities are selected.






• TThhee ttrruusstt’’ss ppeerrffoorrmmaannccee mmiigghhtt nnoott ssuuffffiicciieennttllyyccoorrrreessppoonndd ttoo ppuubblliisshheedd hhyyppootthheettiiccaall bbaacckk--tteesstteeddppeerrffoorrmmaannccee ooff tthhee ttrruusstt’’ss ssttrraatteeggyy.. This can hap-pen for reasons such as an inability to exactlyreplicate the weightings of stocks in the strategy orbe fully invested, timing of the trust offering ortiming of your investment, and trust expenses.Hypothetical back-tested performance is not actu-al past performance of this or any trust.Hypothetical back-tested performance is based onapplication of a trust’s investment strategy as of aparticular time.

• TThhee ttrruusstt mmaayy iinnvveesstt iinn sseeccuurriittiieess ooff ssmmaallll aannddmmiidd--ssiizzee ccoommppaanniieess.. These securities are oftenmore volatile and have lower trading volumes thansecurities of larger companies. Small and mid-sizecompanies may have limited products or financialresources, management inexperience and less pub-licly available information.

• SSeeccuurriittiieess ooff ffoorreeiiggnn ccoommppaanniieess hheelldd bbyy tthhee ttrruussttpprreesseenntt rriisskkss bbeeyyoonndd tthhoossee ooff UU..SS.. iissssuueerrss.. Theserisks may include market and political factorsrelated to the company’s foreign market, interna-tional trade conditions, less regulation, smaller orless liquid markets, increased volatility, differingaccounting practices and changes in the value offoreign currencies.





• to own a defined portfolio of securitiesselected based on two dividend-orientedinvestment strategies.

• to pursue a long-term investment strategythat includes investment in subsequent port-folios, if available.

• the potential to receive above average totalreturn.


• are uncomfortable with the risks of anunmanaged investment in the securities heldby the trust.

• are uncomfortable with the trust’s strategies.

• seek aggressive growth without current income.












EEXXAAMMPPLLEE











Ticker Symbol HIETWX




Strategic High 80 Dividend Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)PortfolioAs of the trust inception date, August 20, 2018



71 BKE The Buckle, Inc. 1.26% $26.30 $1,867194 F Ford Motor Company 1.25 9.55 1,853121 GME GameStop Corporation 1.25 15.33 1,855

57 LB L Brands, Inc. 1.25 32.55 1,85589 SJR Shaw Communications, Inc. (3)(4) 1.25 20.82 1,85315 TM Toyota Motor Corporation (3) 1.24 123.28 1,84955 TUP Tupperware Brands Corporation 1.24 33.46 1,84023 WPP WPP PLC (3)(4) 1.25 80.87 1,860


30 MO Altria Group, Inc. 1.23 61.00 1,83019 BUD Anheuser-Busch InBev SA/NV (3) 1.28 99.86 1,89758 BGS B&G Foods, Inc. 1.25 32.00 1,85635 BTI British American Tobacco PLC (3) 1.26 53.69 1,87939 GIS General Mills, Inc. 1.24 47.21 1,84122 PM Philip Morris International, Inc. 1.26 85.05 1,87133 UL Unilever PLC (3) 1.25 56.35 1,860

111 VGR Vector Group Limited 1.25 16.70 1,854

Energy - 9.98%

20 SNP China Petroleum & Chemical Corporation (3) 1.25 92.84 1,85752 CVI CVR Energy, Inc. 1.25 35.67 1,85552 ENB Enbridge, Inc. (3) 1.26 36.03 1,87430 HP Helmerich & Payne, Inc. 1.26 62.51 1,87527 OKE ONEOK, Inc. 1.23 67.52 1,82329 RDS/A Royal Dutch Shell PLC (3) 1.23 63.19 1,83376 SEMG SemGroup Corporation 1.25 24.50 1,86261 WMB The Williams Companies, Inc. 1.25 30.47 1,859

(Continued)

Percentage ofAggregate Market Cost of

Number Ticker Offering Value per Securitiesof Shares Symbol Issuer(1) Price Share(1) to Trust(2)


Strategic High 80 Dividend Portfolio, Series 2018-3Q(Advisors Disciplined Trust 1889)Portfolio (Continued)As of the trust inception date, August 20, 2018

Financials - 7.50%

97 AGNC AGNC Investment Corporation 1.26% $19.30 $1,872174 NLY Annaly Capital Management, Inc. 1.25 10.68 1,858150 AVVIY Aviva PLC (3) 1.24 12.34 1,851139 ING ING Groep N.V. (3) 1.25 13.35 1,856

39 PRA ProAssurance Corporation 1.25 47.60 1,85684 WBK Westpac Banking Corporation (3) 1.25 22.11 1,857

Health Care - 9.99%

19 ABBV AbbVie, Inc. 1.26 98.81 1,87749 AZN AstraZeneca PLC (3) 1.26 38.12 1,86836 CAH Cardinal Health, Inc. 1.26 51.90 1,86825 CVS CVS Health Corporation 1.24 73.68 1,84245 GSK GlaxoSmithKline PLC (3) 1.25 41.25 1,85678 PDCO Patterson Companies, Inc. 1.23 23.53 1,83544 PFE Pfizer, Inc. 1.25 42.09 1,85244 SNY Sanofi (3) 1.24 42.04 1,850

Industrials - 9.99%

82 ABB ABB Limited (3) 1.24 22.54 1,84821 CNI Canadian National Railway Company (3) 1.26 89.04 1,870

106 CVA Covanta Holding Corporation 1.24 17.45 1,85041 MIC Macquarie Infrastructure Corporation 1.26 45.86 1,88070 NLSN Nielsen Holdings PLC (3) 1.23 26.15 1,830

229 PBI Pitney Bowes, Inc. 1.25 8.08 1,85083 QUAD Quad/Graphics, Inc. 1.26 22.64 1,87985 RENX RELX NV (3) 1.25 21.83 1,856

(Continued)






58 CAJ Canon, Inc. (3) 1.24% $31.83 $1,84613 IBM International Business Machines Corporation 1.28 146.06 1,899

356 NOK Nokia OYJ (3) 1.25 5.23 1,86228 QCOM QUALCOMM, Inc. 1.24 66.06 1,85046 TSM Taiwan Semiconductor Manufacturing

Company Limited (3) 1.24 40.13 1,846152 TIVO TiVo Corporation 1.25 12.20 1,854

98 WU The Western Union Company 1.25 18.91 1,85369 XRX Xerox Corporation 1.25 26.94 1,859

Materials - 10.01%

44 BBL BHP Billiton PLC (3) 1.24 41.96 1,84630 CMP Compass Minerals International, Inc. 1.23 61.15 1,83437 UFS Domtar Corporation 1.26 50.53 1,87033 GEF/B Greif, Inc. 1.27 57.15 1,88636 IP International Paper Company 1.26 51.97 1,87129 GOLD Randgold Resources Limited (3) 1.26 64.50 1,87038 RIO Rio Tinto PLC (3) 1.23 48.26 1,83446 SWM Schweitzer-Mauduit International, Inc. 1.26 40.67 1,871

Real Estate - 2.50%

93 UNIT Uniti Group, Inc. 1.25 19.97 1,857238 WPG Washington Prime Group, Inc. 1.25 7.83 1,864


56 T AT&T, Inc. (4) 1.24 33.03 1,85045 BCE BCE, Inc. (3)(4) 1.26 41.54 1,869

128 BT BT Group PLC (3)(4) 1.25 14.52 1,85979 CTL CenturyLink, Inc. (4) 1.25 23.48 1,85535 CCOI Cogent Communications Holdings, Inc. (4) 1.24 52.70 1,84560 TDS Telephone & Data Systems, Inc. (4) 1.24 30.62 1,83734 VZ Verizon Communications, Inc. (4) 1.25 54.79 1,86381 VOD Vodafone Group PLC (3)(4) 1.24 22.78 1,845

(Continued)





Utilities - 10.05%

917 CIG Companhia Energetica de Minas Gerais (3) 1.25% $2.03 $1,86226 D Dominion Energy, Inc. 1.26 71.75 1,86623 DUK Duke Energy Corporation 1.27 82.28 1,892

233 ENIA Enel Americas S.A. (3) 1.24 7.93 1,84835 NGG National Grid PLC (3) 1.26 53.65 1,87893 PEGI Pattern Energy Group, Inc. 1.26 20.08 1,86762 PPL PPL Corporation 1.25 29.88 1,85340 SO The Southern Company 1.26 46.97 1,879

100.00% $148,659

Notes to Portfolio





Australia 1.25% Belgium 1.28% Brazil 1.25%Canada 5.03% Chile 1.24% China 1.25%Finland 1.25% France 1.24% Japan 2.48%Jersey 2.51% Netherlands 2.50% Switzerland 1.24%Taiwan 1.24% United Kingdom 14.94% United States 61.30%

(4) Effective October 1, 2018 as part of revisions to the GICS® structure, this security will be re-classified as part of the new CommunicationServices Sector.




HHYYPPOOTTHHEETTIICCAALL BBAACCKK--TTEESSTTEEDD PPEERRFFOORRMMAANNCCEE

IINNFFOORRMMAATTIIOONN

The following table compares hypotheticalback-tested performance information for the strate-gy employed by the trust, the High 50® DividendStrategy, the International High 30 DividendStrategy, and the actual performance of the Standard& Poor’s 500 Index in each of the years listed (andas of the most recent month end). These hypotheti-cal returns do not guarantee and should not be usedto predict future performance of the trust. Returnsfrom the trust will differ from the hypotheticalback-tested strategy returns for several reasons,including:

• total return figures shown do not reflectcommissions paid by the trust on the pur-chase of securities or taxes you will incur;

• strategy returns are for calendar years (andthrough the most recent month), whiletrusts begin and end on various dates;

• extraordinary market events that we havenot expected to be repeated and may haveaffected performance;

• the trust has a scheduled term longer thanone year;

• the trust may not be fully invested at alltimes or equally weighted in all securitiescomprising its strategy; and

• the trust often purchases or sells securitiesat prices different from the closing pricesused in buying and selling units.

You should note that the trust is not designedto parallel movements in any index, and it is notexpected that it will do so. In fact, the trust’s strate-gy underperformed its comparative indexes in cer-tain years and we cannot guarantee that the trustwill outperform any index over the life of the trustor over consecutive rollover periods, if available.


Strategic High 80 High 50® International High 30Dividend Strategy Dividend Strategy Dividend Strategy

Hypothetical Hypothetical Hypothetical S&P 500Year Performance Performance Performance Index

2008 -42.03% -40.92% -43.67% -36.99%2009 49.74+ 42.09 62.71+ 26.452010 15.11 18.95 8.93 15.082011 0.81 6.12 -7.83 2.082012 8.24 7.68 9.38 15.982013 23.17 24.71 20.80 32.362014 1.48 9.64 -11.90 13.652015 -18.63 -13.73 -26.58 1.382016 18.23 22.38 11.53 11.932017 12.62 7.80 21.91 21.802018 thru 7/31 -0.89 0.21 -2.40 6.47

Source: Bloomberg L.P.+ these returns are the result of extraordinary market events and are not expected to be repeated.


Hypothetical back-tested performance is noguarantee of future results. Hypothetical back-test-ed performance of the trust strategy (the StrategicHigh 80 Dividend Strategy), High 50® DividendStrategy and International High 30 DividendStrategy securities (the “strategy securities”) is hypo-thetical (and does not represent any actual trust), isshown for illustrative purposes only and is notintended to indicate the future performance of anyinvestment, including the trust. The strategy securi-ties for a given year consist of the securities selectedby applying the strategy as of the beginning of theperiod (and not the date the trust actually sellsunits). The hypothetical back-tested past perform-ance of the Strategic High 80 Dividend Strategysecurities for 1 of the 11 periods shown are theresult of extraordinary market events and are notexpected to be repeated.

Securities are selected through application of astrategy at a particular point in time and if a securi-ty which is a component of a strategy is merged outof existence, de-listed or suffers a similar fate duringthe period in which the strategy performance isbeing measured, such security will not be replacedby another security during that period. The strategyis not rebalanced during each one year period and asa result the stocks used for determining hypotheticalback-tested performance will not take into accountsubsequent changes to the indexes used as a startingpoint for the strategy.

Prior to the market close on August 31, 2016,there were ten GICS® sectors and after the marketclose on August 31, 2016, a Real Estate GICS® sec-tor was added, elevating its position from under theFinancials GICS® sector, bringing the total numberof GICS® sectors to eleven. Prior to August 31,2016, the Strategic High 80 Strategy selected eightsecurities from (after the application of certainscreens) each of the then existing ten GICS® sectors.After August 31, 2016, the Strategic High 80Strategy selects eight securities from each of the nineGICS® sectors other than the Financials and RealEstate sectors and eight additional securities from the

Financials and Real Estate GICS® sectors combined(for a total of 80 securities) after the application ofcertain screens. The hypothetical back-tested per-formance for 2016 and earlier are based on theStrategic High 80 Strategy with ten GICS® sectors.

Total return represents the sum of the change inmarket value of each group of securities between thefirst and last trading day of a period plus the totaldividends paid on each group of securities duringsuch period divided by the opening market value ofeach group of securities as of the first trading day ofa period. Total return shown in the table above fig-ures assume that all dividends are reinvested semi-annually. Strategy figures reflect the deduction ofsales charges and expenses but have not beenreduced by estimated brokerage commissions andother transaction costs paid by the trust in acquiringsecurities or any taxes incurred by investors.

Hypothetical back-tested returns are hypotheti-cal, meaning that they do not represent actual trad-ing, and, thus, may not reflect material economicand market factors, such as liquidity constraints,that may have had an impact on actual decisionmaking. The hypothetical performance is theretroactive application of the strategy designed withthe full benefit of hindsight.

The S&P 500 Index is an index that includes arepresentative sample of 500 leading companies inleading industries of the U.S. economy. Althoughthe Standard & Poor’s 500 Index focuses on thelarge-cap segment of the market, with over 80%coverage of U.S. equities, it is also often considereda proxy for the total U.S. stock market.

The indexes are unmanaged, not subject to fees,and not available for direct investment.

The publisher of the index is not affiliated withus and has not participated in creating the trust orselecting the securities for the trust, nor has thepublisher reviewed or approved of any of the infor-mation contained herein.



The trust seeks to provide high current income withcapital appreciation as a secondary objective. There is noassurance the trust will achieve its objective.


The trust seeks to provide high current income withcapital appreciation potential by investing in a portfolioprimarily consisting of common stock of closed-endinvestment companies (known as “closed-end funds”).The underlying funds may invest in a variety of income-producing securities issued by various types of foreignand/or U.S. issuers. Among other securities, these securi-ties may include corporate bonds, government bonds,corporate loans, convertible securities, preferred securitiesand equity securities. These securities may be ratedinvestment grade, below investment grade or unrated bymajor security rating agencies.

In selecting these closed-end funds, we* considered fac-tors such as historical returns, income potential, potentialfuture growth, portfolio diversification and advisor experi-ence. We use a disciplined investment methodology toselect the funds for inclusion in the trust. We begin byconstructing a universe of funds that have a stated invest-ment objective in line with the trust’s investment objectiveand that the fund advisor appears to be adhering to. Fromthis universe we select the final securities by utilizing amulti-factor approach based on the following factors:

• Dividend—The primary factor is an above average div-idend and we favor funds that have a history of a con-sistent and competitive dividend and that appear topossess the ability to keep the dividend level intact.

• Premium/Discount—We also favor funds that are trad-ing at a discount relative to their peers and relative totheir historic average.

• Performance—We also favor funds that have an aboveaverage history of performance based on net asset valuewhen compared to their peers and a relevant benchmark.

Approximately 40.03% of the portfolio consists offunds classified as “non-diversified” under the InvestmentCompany Act of 1940. These funds have the ability toinvest more than 5% of their assets in securities of a singleissuer which could reduce diversification. Under normalcircumstances, the trust will invest at least 80% of itsassets in closed-end investment companies.


As with all investments, you can lose money by invest-ing in this trust. The trust also might not perform as wellas you expect. This can happen for reasons such as these:

• SSeeccuurriittyy pprriicceess wwiillll fflluuccttuuaattee. The value of your invest-ment may fall over time.

• TThhee vvaalluuee ooff tthhee sseeccuurriittiieess iinn tthhee cclloosseedd--eenndd ffuunnddss wwiillllggeenneerraallllyy ffaallll iiff iinntteerreesstt rraatteess,, iinn ggeenneerraall,, rriissee. No onecan predict whether interest rates will rise or fall in thefuture.

• AAnn iissssuueerr mmaayy bbee uunnaabbllee ttoo mmaakkee iinnccoommee aanndd//oorr pprriinnccii--ppaall ppaayymmeennttss iinn tthhee ffuuttuurree.. This may reduce the levelof dividends a closed-end fund pays which would reduceyour income and cause the value of your units to fall.

• TThhee ffiinnaanncciiaall ccoonnddiittiioonn ooff aann iissssuueerr mmaayy wwoorrsseenn oorr iittssccrreeddiitt rraattiinnggss mmaayy ddrroopp,, rreessuullttiinngg iinn aa rreedduuccttiioonn iinn tthheevvaalluuee ooff yyoouurr uunniittss.. This may occur at any point intime, including during the primary offering period.

• TThhee ttrruusstt iinnvveessttss iinn sshhaarreess ooff cclloosseedd--eenndd ffuunnddss.. Youshould understand the section titled “Closed-EndFunds” before you invest. In particular, shares of thesefunds tend to trade at a discount from their net assetvalue and are subject to risks related to factors such asthe manager’s ability to achieve a fund’s objective, mar-ket conditions affecting a fund’s investments and use ofleverage. The trust and the underlying funds havemanagement and operating expenses. You will bearnot only your share of the trust’s expenses, but also theexpenses of the underlying funds. By investing inother funds, the trust incurs greater expenses than youwould incur if you invested directly in the funds.

• SSeeccuurriittiieess ooff ffoorreeiiggnn iissssuueerrss hheelldd bbyy tthhee uunnddeerrllyyiinnggffuunnddss iinn tthhee ttrruusstt pprreesseenntt rriisskkss bbeeyyoonndd tthhoossee ooff UU..SS..iissssuueerrss.. These risks may include market and politicalfactors related to the issuer’s foreign market, interna-tional trade conditions, the global and country-specificpolitical environment, less regulation, smaller or lessliquid markets, increased volatility, differing accountingpractices and changes in the value of foreign currencies.

• WWee ddoo nnoott aaccttiivveellyy mmaannaaggee tthhee ppoorrttffoolliioo.. While theclosed-end funds have managed portfolios, except inlimited circumstances, the trust will hold, and contin-ue to buy, shares of the same funds even if their marketvalue declines.


TACTICAL PLUS CLOSED-END PORTFOLIO - 15 MONTH




• to own securities representing interests in man-aged funds that pursue income-oriented invest-ment strategies.

• to diversify your overall portfolio with invest-ments in various types of securities.

• to pursue a long-term investment strategy thatincludes investment in subsequent portfolios, ifavailable.

• the potential to receive monthly distributions ofincome.


• are uncomfortable with the risks of an unman-aged investment in closed-end funds that pursueincome-oriented investment strategies.

• seek capital preservation or capital appreciation asa primary objective.









and administration fees 0.10 1.00Closed-end fund expenses 2.07 20.20Total 2.34% $22.86

The initial sales fee is the difference between the totalsales fee (maximum of 1.85% of the unit offering price) andthe sum of the remaining deferred sales fee and the total cre-ation and development fee. The deferred sales fee is fixed at$0.135 per unit and is paid in three monthly installmentsbeginning November 20, 2018. The creation and develop-ment fee is fixed at $0.05 per unit and is paid at the end ofthe initial offering period (anticipated to be approximatelythree months). When the public offering price per unit isless than or equal to $10, you will not pay an initial salesfee. When the public offering price per unit is greater than$10 per unit, you will pay an initial sales fee. The trust willindirectly bear the management and operating expenses ofthe underlying closed-end funds. While the trust will notpay these expenses directly out of its assets, these expensesare shown in the trust’s annual operating expenses above toillustrate the impact of these expenses.

EEXXAAMMPPLLEE


1 year $4523 years $1,3635 years $2,28310 years $4,623










Ticker Symbol TICPKX



Tactical Plus Closed-End Portfolio - 15 Month, Series 2018-3Q(Advisors Disciplined Trust 1889)PortfolioAs of the trust inception date, August 20, 2018

CLOSED-END FUNDS — 100.00%

716 AGD Aberdeen Global Dynamic Dividend Fund 4.98% $10.35 $7,411851 AOD Aberdeen Total Dynamic Dividend Fund 4.99 8.72 7,421480 AVK Advent Claymore Convertible Securities and Income Fund 5.00 15.50 7,440477 AIF Apollo Tactical Income Fund, Inc. 5.01 15.61 7,446

1,294 BGY BlackRock Enhanced International Dividend Trust 4.99 5.74 7,428586 INF Brookfield Global Listed Infrastructure Income Fund, Inc. 5.06 12.83 7,518504 GLQ Clough Global Equity Fund 5.00 14.77 7,444484 DPG Duff & Phelps Global Utility Income Fund, Inc. 5.00 15.38 7,444

1,217 DSE Duff & Phelps Select Energy MLP Fund, Inc. 4.99 6.10 7,4241,079 GER Goldman Sachs MLP Energy and Renaissance Fund 4.98 6.87 7,413

516 IVH Ivy High Income Opportunities Fund 5.00 14.40 7,430314 HTD John Hancock Tax-Advantaged Dividend Income Fund 5.00 23.68 7,435533 SCD LMP Capital and Income Fund, Inc. 5.00 13.94 7,430953 MCN Madison Covered Call & Equity Strategy Fund 5.00 7.80 7,433457 JRI Nuveen Real Asset Income and Growth Fund 5.00 16.26 7,431717 JRS Nuveen Real Estate Income Fund 4.99 10.35 7,421542 GHY PGIM Global Short Duration High Yield Fund, Inc. 4.99 13.70 7,425455 RVT Royce Value Trust, Inc. 5.00 16.36 7,444328 HQH Tekla Healthcare Investors 4.99 22.65 7,429798 IAE Voya Asia Pacific High Dividend Equity Income Fund 5.03 9.38 7,485

100.00% $148,752

Notes to Portfolio

(1) Securities are represented by contracts to purchase such securities. The value of each security is based on the most recent closing sale price ofeach security as of the close of regular trading on the New York Stock Exchange on the business day prior to the trust’s inception date. In accor-dance with Accounting Standards Codification 820, “Fair Value Measurements”, the trust’s investments are classified as Level 1, which refers tosecurity prices determined using quoted prices in active markets for identical securities.







The trust seeks to achieve its objective byinvesting in a portfolio of stocks of companiesderiving a substantial portion of their revenuesworldwide that Pence Capital Management, LLC(the “Portfolio Consultant”) believes are involvedin aspects of the transformation of consumerbehavior and a shift in how people transact pur-chases. Today, shopping has become easier asinnovations in electronics and information tech-nology provide consumers access to a wide rangeof products from the convenience of almost any-where and the ease of using their smart phonesand tablets. Consumers can fulfill desires sponta-neously without going to brick and mortarstores. Consumers shop online using smartphones and tablets, connect wirelessly fromalmost anywhere, are able to purchase almost anyproduct online, pay by credit cards and haveproducts delivered to their doorsteps.

From these companies involved in aspects ofthis shift in how people transact purchases, securi-ties were selected for the trust’s portfolio by ana-lyzing factors including expected market domi-nance over the next three to five years, relativesize within industry sectors based on market capi-talization, steadiness of past earnings growth ratesand revenue growth, strength of earnings and rev-enue projects, balance sheet strength, valuationand levels of cash holdings.






• TThhee ttrruusstt iiss ccoonncceennttrraatteedd iinn sseeccuurriittiieess iissssuueeddbbyy ccoommppaanniieess iinn tthhee iinnffoorrmmaattiioonn tteecchhnnoollooggyysseeccttoorr.. Negative developments in the infor-mation technology sector will affect the valueof your investment more than would be thecase in a more diversified investment.



The Portfolio Consultant, Pence CapitalManagement, LLC, is a registered investmentadviser registered with the U.S. Securities andExchange Commission.

UBIQUITOUS STRATEGY PORTFOLIO - 15 MONTH



Pence Capital Management, LLC is a regis-tered investment advisory firm based in NewportBeach, California. The firm uses its proprietaryresearch to identify and deliver actionable invest-ment insights. The firm is led by Colonel (ret) E.Dryden Pence III, a Harvard-educated economistwith thirty years of experience in the financialindustry. His formal training and knowledge ineconomics combined with his career of more thantwenty-two years in Army Intelligence, SpecialOperations and Psychological Warfare, gives thefirm a unique understanding of human behaviorand its effects on the economy and the markets.The Ubiquitous Strategy Portfolio is based on thefirm’s expertise in portfolio construction.

The Portfolio Consultant is not an affiliate ofthe sponsor. The Portfolio Consultant makes norepresentations that the portfolio will achieve theinvestment objectives or will be profitable or suit-able for any particular potential investor.

The Portfolio Consultant and/or its affiliatesmay use the list of securities in its independentcapacity as an investment adviser and distributethis information to various individuals and enti-ties. The Portfolio Consultant and/or its affiliatesmay recommend to other clients or otherwiseeffect transactions in the securities held by thetrust. This may have an adverse effect on theprices of the securities. This also may have animpact on the price the trust pays for the securi-ties and the price received upon unit redemptionsor liquidation of the securities. The PortfolioConsultant and/or its affiliates also may issuereports and makes recommendations on securi-ties, which may include the securities in the trust.

Neither the Portfolio Consultant nor thesponsor manages the trust. Opinions expressedby the Portfolio Consultant are not necessarilythose of the sponsor, and may not actually come

to pass. The Portfolio Consultant is being com-pensated for its portfolio consulting services,including selection of the trust portfolio.




• to own a defined portfolio of stocks.




• seek high current income or capital preser-vation.


The amounts below are estimates of the direct andindirect expenses that you may incur based on a $10unit price. Actual expenses may vary.








The initial sales fee is the difference between the totalsales fee (maximum of 1.85% of the unit offering price)and the sum of the remaining deferred sales fee and thetotal creation and development fee. The deferred salesfee is fixed at $0.135 per unit and is paid in threemonthly installments beginning November 20, 2018.The creation and development fee is fixed at $0.05 perunit and is paid at the end of the initial offering period(anticipated to be approximately three months). Whenthe public offering price per unit is less than or equal to$10, you will not pay an initial sales fee. When the pub-lic offering price per unit is greater than $10 per unit,you will pay an initial sales fee.

EEXXAAMMPPLLEE

This example helps you compare the cost of thistrust with other unit trusts and mutual funds. In theexample we assume that the expenses do not changeand that the trust’s annual return is 5%. Your actualreturns and expenses will vary. Based on these assump-tions, you would pay these expenses for every $10,000you invest in the trust:


This example assumes that you continue to followthe trust strategy and roll your investment, includingall distributions, into a new series of the trust each yearsubject to a sales charge of 1.85%.








Ticker Symbol USPAEX


Tax Structure Grantor Trust


Ubiquitous Strategy Portfolio - 15 Month, Series 2018-3Q(Advisors Disciplined Trust 1889)PortfolioAs of the trust inception date, August 20, 2018


Consumer Discretionary - 20.82%15 AMZN Amazon.com, Inc. (3) 14.85% $1,882.22 $28,23319 CHTR Charter Communications, Inc. (3) 2.99 299.64 5,693

159 CMCSA Comcast Corporation 2.98 35.60 5,660

Financials - 2.98%55 AXP American Express Company 2.98 103.03 5,667

Industrials - 6.00%23 FDX FedEx Corporation 2.99 246.94 5,68047 UPS United Parcel Service, Inc. 3.01 121.80 5,725

Information Technology - 58.22%16 GOOGL Alphabet, Inc. (3) 10.23 1,215.85 19,45488 AAPL Apple, Inc. 10.07 217.58 19,147

167 EBAY eBay, Inc. (3) 2.99 34.01 5,68087 FB Facebook, Inc. (3) 7.96 173.80 15,12175 MA Mastercard, Inc. 8.02 203.21 15,241

141 MSFT Microsoft Corporation 7.98 107.58 15,16967 PYPL PayPal Holdings, Inc. (3) 3.01 85.45 5,725

107 V Visa, Inc. 7.96 141.33 15,122

Real Estate - 6.02%38 AMT American Tower Corporation 3.02 151.17 5,74450 CCI Crown Castle International Corporation 3.00 113.86 5,693

Telecommunication Services - 5.96%172 T AT&T, Inc. 2.99 33.03 5,681103 VZ Verizon Communications, Inc. 2.97 54.79 5,643

100.00% $190,078

Notes to Portfolio







HHOOWW TTOO BBUUYY UUNNIITTSS

You can buy units of a trust on any businessday the New York Stock Exchange is open bycontacting your financial professional. Unitprices are available daily on the Internet atwwwwww..AAAAMMlliivvee..ccoomm.. The public offering price ofunits includes:

• the net asset value per unit plus

• organization costs plus

• the sales fee.

The “net asset value per unit” is the value ofthe securities, cash and other assets in your trustreduced by the liabilities of your trust divided bythe total units or your trust outstanding. Weoften refer to the public offering price of units asthe “offer price” or “purchase price.” The offerprice will be effective for all orders received priorto the close of regular trading on the New YorkStock Exchange (normally 4:00 p.m. Easterntime). If we receive your order prior to the closeof regular trading on the New York StockExchange or authorized financial professionalsreceive your order prior to that time and properlytransmit the order to us by the time that we des-ignate, then you will receive the price computedon the date of receipt. If we receive your orderafter the close of regular trading on the New YorkStock Exchange, if authorized financial profes-sionals receive your order after that time or iforders are received by such persons and are nottransmitted to us by the time that we designate,then you will receive the price computed on thedate of the next determined offer price providedthat your order is received in a timely manner onthat date. It is the responsibility of the author-ized financial professional to transmit the orders

that they receive to us in a timely manner.Certain broker-dealers may charge a transactionor other fee for processing unit purchase orders.

VVaalluuee ooff tthhee SSeeccuurriittiieess.. We determine thevalue of the securities as of the close of regulartrading on the New York Stock Exchange on eachday that exchange is open. We generally deter-mine the value of securities using the last sale pricefor securities traded on a national securitiesexchange. For this purpose, the trustee providesus closing prices from a reporting service approvedby us. In some cases we will price a security basedon its fair value after considering appropriate fac-tors relevant to the value of the security. We willonly do this if a security is not principally tradedon a national securities exchange or if the marketquotes are unavailable or inappropriate.

We determined the initial prices of the secu-rities shown under each “Portfolio” section inthis prospectus as described above at the close ofregular trading on the New York Stock Exchangeon the business day before the date of thisprospectus. On the first day we sell units we willcompute the unit price as of the close of regulartrading on the New York Stock Exchange or thetime the registration statement filed with theSecurities and Exchange Commission becomeseffective, if later.

OOrrggaanniizzaattiioonn CCoossttss.. During the initial offer-ing period, part of the value of the units repre-sents an amount that will pay the costs of creatingyour trust. These costs include the costs ofpreparing the registration statement and legaldocuments, a portfolio consultant’s security selec-tion fee (if any), federal and state registration fees,the initial fees and expenses of the trustee and theinitial audit. Your trust will sell securities toreimburse us for these costs at the end of the ini-tial offering period or after six months, if earlier.

UNDERSTANDING YOUR INVESTMENT

78 Understanding Your Investment

The value of your units will decline when yourtrust pays these costs.

SSaalleess FFeeee.. The maximum sales fee is shownunder “Fees and Expenses” for your trust and is1.85% of the public offering price per unit at thetime of purchase.

You pay a fee in connection with purchasingunits. We refer to this fee as the “transactionalsales fee”. The transactional sales fee has both aninitial and a deferred component. The transac-tional sales fee equals 1.35% of the public offer-ing price per unit based on a $10 public offeringprice per unit. The percentage amount of thetransactional sales fee is based on the unit priceon your trust’s inception date. The transactionalsales fee equals the difference between the totalsales fee and the creation and development fee.As a result, the percentage and dollar amount ofthe transactional sales fee will vary as the publicoffering price per unit varies. The transactionalsales fee does not include the creation and devel-opment fee which is described under “Fees andExpenses” for your trust.

You pay the initial sales fee, if any, at the timeyou buy units. The initial sales fee is the differ-ence between the total sales fee percentage (maxi-mum of 1.85% of the public offering price perunit) and the sum of the remaining fixed dollardeferred sales fee and the total fixed dollar cre-ation and development fee. The initial sales feewill be 0.00% of the public offering price per unitat a public offering price per unit of $10. If thepublic offering price per unit exceeds $10, youwill be charged an initial sales fee equal to the dif-ference between the total sales fee percentage(maximum of 1.85% of the public offering priceper unit) and the sum of the remaining fixed dol-lar deferred sales fee and total fixed dollar creationand development fee. The deferred sales fee is

fixed at $0.135 per unit. Your trust pays thedeferred sales fee in equal monthly installments asdescribed under “Fees and Expenses” for yourtrust. If you redeem or sell your units prior tocollection of the total deferred sales fee, you willpay any remaining deferred sales fee uponredemption or sale of your units.

Since the deferred sales fee and creation anddevelopment fee are fixed dollar amounts perunit, your trust must charge these amounts perunit regardless of any decrease in net asset value.As a result, if the public offering price per unitfalls to less than $10 (resulting in the maximumsales fee percentage being a dollar amount that isless than the combined fixed dollar amounts ofthe deferred sales fee and creation and develop-ment fee) your initial sales fee will be a creditequal to the amount by which these fixed dollarfees exceed the sales fee at the time you buy units.In such a situation, the value of securities per unitwould exceed the public offering price per unit bythe amount of the initial sales fee credit and thevalue of those securities will fluctuate, whichcould result in a benefit or detriment to unithold-ers that purchase units at that price. The initialsales fee credit is paid by the sponsor and is notpaid by the trust.

If you purchase units after the last deferredsales fee payment has been assessed, the secondarymarket sales fee is equal to 1.85% of the publicoffering price and does not include deferred pay-ments (i.e. unitholders who buy in the secondarymarket after collection of the deferred sales feesare not charged deferred sales fees).

MMiinniimmuumm PPuurrcchhaassee.. The minimum amountyou can purchase appears under “EssentialInformation” for your trust, but such amountsmay vary depending on your selling firm.

Understanding Your Investment 79

RReedduucciinngg YYoouurr SSaalleess FFeeee. We offer a varietyof ways for you to reduce the fee you pay. It isyour financial professional’s responsibility to alertus of any discount when you order units. Exceptas expressly provided herein, you may not com-bine discounts. Since the deferred sales fee andthe creation and development fee are fixed dollaramounts per unit, your trust must charge thesefees per unit regardless of any discounts.However, if you are eligible to receive a discountsuch that your total sales fee is less than the fixeddollar amounts of the deferred sales fee and thecreation and development fee, we will credit youthe difference between your total sales fee andthese fixed dollar fees at the time you buy units.

Fee Accounts. Investors may purchase unitsthrough registered investment advisers, certifiedfinancial planners or registered broker-dealerswho in each case either charge investor accounts(“Fee Accounts”) periodic fees for brokerageservices, financial planning, investment advisoryor asset management services, or provide suchservices in connection with an investmentaccount for which a comprehensive “wrap fee”charge (“Wrap Fee”) is imposed. You shouldconsult your financial advisor to determinewhether you can benefit from these accounts.To purchase units in these Fee Accounts, yourfinancial advisor must purchase units designatedwith one of the Fee Account CUSIP numbers, ifavailable. Please contact your financial advisorfor more information. If units are purchased fora Fee Account and the units are subject to aWrap Fee in such Fee Account (i.e., the trust is“Wrap Fee Eligible”) then investors may be eligi-ble to purchase units in these Fee Accounts thatare not subject to the transactional sales fee butwill be subject to the creation and developmentfee that is retained by the sponsor. For example,this table illustrates the sales fee you will pay as apercentage of the initial $10 public offering

price per unit (the percentage will vary with theunit price).

Initial sales fee 0.00%Deferred sales fee 0.00%

Transactional sales fee 0.00%Creation and development fee 0.50%

Total sales fee 0.50%

This discount applies only during the initialoffering period. Certain Fee Account investorsmay be assessed transaction or other fees on thepurchase and/or redemption of units by their bro-ker-dealer or other processing organizations forproviding certain transaction or account activities.We reserve the right to limit or deny purchases ofunits in Fee Accounts by investors or selling firmswhose frequent trading activity is determined tobe detrimental to a trust.

Employees. We waive the transactional salesfee for purchases made by officers, directors andemployees (and immediate family members) of thesponsor and its affiliates. These purchases are notsubject to the transactional sales fee but will besubject to the creation and development fee. Wealso waive a portion of the sales fee for purchasesmade by officers, directors and employees (andimmediate family members) of selling firms.These purchases are made at the public offeringprice per unit less the applicable regular dealerconcession. Immediate family members for thepurposes of this section include your spouse, chil-dren (including step-children) under the age of 21living in the same household, and parents (includ-ing step-parents). These discounts apply to initialoffering period and secondary market purchases.All employee discounts are subject to the policiesof the related selling firm, including but not lim-ited to, householding policies or limitations.Only officers, directors and employees (and theirimmediate family members) of selling firms that


allow such persons to participate in this employeediscount program are eligible for the discount.

Dividend Reinvestment Plan. We do notcharge any sales fee when you reinvest distribu-tions from your trust into additional units of yourtrust. This sales fee discount applies to initialoffering period and secondary market purchases.Since the deferred sales fee and the creation anddevelopment fee are fixed dollar amounts perunit, your trust must charge these fees per unitregardless of this discount. If you elect the distri-bution reinvestment plan, we will credit you withadditional units with a dollar value sufficient tocover the amount of any remaining deferred salesfee or creation and development fee that will becollected on such units at the time of reinvest-ment. The dollar value of these units will fluctu-ate over time.

RReettiirreemmeenntt AAccccoouunnttss.. Your portfolio may besuitable for purchase in tax-advantaged retirementaccounts. You should contact your financial pro-fessional about the accounts offered and any addi-tional fees imposed.

HHOOWW TTOO SSEELLLL YYOOUURR UUNNIITTSS

You can sell or redeem your units on anybusiness day the New York Stock Exchange isopen by contacting your financial professional.Unit prices are available daily on the Internet atwwwwww..AAAAMMlliivvee..ccoomm or through your financial pro-fessional. The sale and redemption price of unitsis equal to the net asset value per unit, providedthat you will not pay any remaining creation anddevelopment fee or organization costs if you sellor redeem units during the initial offering period.The sale and redemption price is sometimesreferred to as the “liquidation price.” You payany remaining deferred sales fee when you sell orredeem your units. Certain broker-dealers may

charge a transaction or other fee for processingunit redemption or sale requests.

SSeelllliinngg UUnniittss. We may maintain a secondarymarket for units. This means that if you want tosell your units, we may buy them at the currentnet asset value, provided that you will not pay anyremaining creation and development fee or organ-ization costs if you sell units during the initialoffering period. We may then resell the units toother investors at the public offering price orredeem them for the redemption price. Our sec-ondary market repurchase price is the same as theredemption price. Certain broker-dealers mightalso maintain a secondary market in units. Youshould contact your financial professional for cur-rent repurchase prices to determine the best priceavailable. We may discontinue our secondarymarket at any time without notice. Even if we donot make a market, you will be able to redeemyour units with the trustee on any business dayfor the current redemption price.

RReeddeeeemmiinngg UUnniittss. You may also redeem yourunits directly with the trustee, The Bank of NewYork Mellon, on any day the New York StockExchange is open. The redemption price thatyou will receive for units is equal to the net assetvalue per unit, provided that you will not payany remaining creation and development fee ororganization costs if you redeem units during theinitial offering period. You will pay any remain-ing deferred sales fee at the time you redeemunits. You will receive the net asset value for aparticular day if the trustee receives your com-pleted redemption request prior to the close ofregular trading on the New York Stock Exchange.Redemption requests received by authorizedfinancial professionals prior to the close of regu-lar trading on the New York Stock Exchange thatare properly transmitted to the trustee by thetime designated by the trustee, are priced based


on the date of receipt. Redemption requestsreceived by the trustee after the close of regulartrading on the New York Stock Exchange,redemption requests received by authorizedfinancial professionals after that time or redemp-tion requests received by such persons that arenot transmitted to the trustee until after the timedesignated by the trustee, are priced based on thedate of the next determined redemption priceprovided they are received in a timely manner bythe trustee on such date. It is the responsibilityof authorized financial professionals to transmitredemption requests received by them to thetrustee so they will be received in a timely man-ner. If your request is not received in a timelymanner or is incomplete in any way, you willreceive the next net asset value computed afterthe trustee receives your completed request.

If you redeem your units, the trustee will gen-erally send you a payment for your units no laterthan seven days after it receives all necessary doc-umentation (this will usually only take two busi-ness days). The only time the trustee can delayyour payment is if the New York Stock Exchangeis closed (other than weekends or holidays), theSecurities and Exchange Commission determinesthat trading on that exchange is restricted or anemergency exists making sale or evaluation of thesecurities not reasonably practicable, and for anyother period that the Securities and ExchangeCommission permits.

You can request an in-kind distribution ofthe securities underlying your units if you tenderat least 2,500 units for redemption (or suchother amount as required by your financial pro-fessional’s firm). This option is generally avail-able only for securities traded and held in theUnited States. The trustee will make any in-kind distribution of securities by distributingapplicable securities in book entry form to the

account of your financial professional atDepository Trust Company. You will receivewhole shares of the applicable securities and cashequal to any fractional shares. You may notrequest this option in the last 30 days of yourtrust’s life. We may discontinue this optionupon sixty days notice.

RRoolllloovveerr OOppttiioonn.. Your trust’s strategy may bea long-term investment strategy designed to befollowed on an annual basis. You may achievemore consistent long-term investment results byfollowing the strategy. As part of the strategy, wecurrently intend to offer a subsequent series ofyour trust for a rollover when the current trustterminates. When your trust terminates you willhave the option to (1) participate in a rolloverand have your units reinvested into a subsequenttrust series through a cash rollover as described inthis section, (2) receive an in-kind distribution ofsecurities or (3) receive a cash distribution.

If you elect to participate in a rollover, yourunits will be redeemed on your trust’s terminationdate. As the redemption proceeds become avail-able, the proceeds (including dividends) will beinvested in a new trust series, if available, at thepublic offering price for the new trust. Thetrustee will attempt to sell securities to satisfy theredemption as quickly as practicable on the termi-nation date. We do not anticipate that the saleperiod will be longer than one day, however, cer-tain factors could affect the ability to sell thesecurities and could impact the length of the saleperiod. The liquidity of any security depends onthe daily trading volume of the security and theamount available for redemption and reinvest-ment on any day.

We intend to make subsequent trust seriesavailable for sale at various times during the year.Of course, we cannot guarantee that a subsequent


trust or sufficient units will be available or thatany subsequent trusts will offer the same invest-ment strategies or objectives as current trusts. Wecannot guarantee that a rollover will avoid anynegative market price consequences resulting fromtrading large volumes of securities. Market pricetrends may make it advantageous to sell or buysecurities more quickly or more slowly than per-mitted by the trust procedures. We may, in oursole discretion, modify a rollover or stop creatingunits of any future trust at any time regardless ofwhether all proceeds of unitholders have beenreinvested in a rollover. We may decide not tooffer a rollover option upon sixty days notice.Cash which has not been reinvested in a rolloverwill be distributed to unitholders shortly after thetermination date. Rollover participants mayreceive taxable dividends or realize taxable capitalgains which are reinvested in connection with arollover but may not be entitled to a deduction forcapital losses due to the “wash sale” tax rules. Dueto the reinvestment in a subsequent trust, no cashwill be distributed to pay any taxes. See“Understanding Your Investment—Taxes”.

DDIISSTTRRIIBBUUTTIIOONNSS

DDiissttrriibbuuttiioonnss. Your trust generally pays distri-butions of its net investment income along withany excess capital on each distribution date tounitholders of record on the preceding recorddate. If your trust is a “grantor trust” for federaltax purposes, the trust will generally only make adistribution if the total cash held for distributionequals at least 0.1% of the trust’s net asset value asdetermined under the trust agreement. Therecord and distribution dates and the tax statusare shown under “Essential Information” in the“Investment Summary” section of this prospectusfor your trust. In some cases, your trust mightpay a special distribution if it holds an excessiveamount of cash pending distribution. For exam-

ple, this could happen as a result of a merger orsimilar transaction involving a company whosestock is in your portfolio. Your trust will alsogenerally make required distributions or distribu-tions to avoid imposition of tax at the end of eachyear if it is structured as a “regulated investmentcompany” for federal tax purposes. The amountof your distributions will vary from time to timeas companies change their dividends and otherincome distributions or trust expenses change.

When your trust receives dividends and otherincome distributions from a portfolio security, thetrustee credits such payments to the trust’saccounts. In an effort to make relatively regularincome distributions, if your trust is a “regulatedinvestment company” for tax purposes and makesmonthly distributions, your trust’s monthlyincome distribution is equal to one twelfth of theestimated net annual income distributions to bereceived by your trust after deduction of trustoperating expenses. Because a trust does notreceive income distributions from the portfoliosecurities at a constant rate throughout the year,the income distributions to unitholders from sucha trust may be more or less than the amount cred-ited to your trust accounts as of the record date.For the purpose of minimizing fluctuation inincome distributions, the trustee is authorized toadvance such amounts as may be necessary toprovide income distributions of approximatelyequal amounts. The trustee will be reimbursed,without interest, for any such advances fromavailable income received by a trust on the ensu-ing record date.

RReeppoorrttss. The trustee or your financial profes-sional will make available to you a statementshowing income and other receipts of your trustfor each distribution. Each year the trustee willalso provide an annual report on your trust’sactivity and certain tax information. You can


request copies of security evaluations to enableyou to complete your tax forms and auditedfinancial statements for your trust, if available.

IINNVVEESSTTMMEENNTT RRIISSKKSS

All investments involve risk. This sectiondescribes the main risks that can impact the valueof the securities in your portfolio. You shouldunderstand these risks before you invest. If thevalue of the securities falls, the value of your unitswill also fall. We cannot guarantee that your trustwill achieve its objective or that your investmentreturn will be positive over any period.

MMaarrkkeett RRiisskk.. Market risk is the risk that thevalue of the securities in your trust will fluctuate.This could cause the value of your units to fallbelow your original purchase price. Market valuefluctuates in response to various factors. Thesecan include changes in interest rates, inflation, thefinancial condition of a security’s issuer, percep-tions of the issuer, or ratings on a security. Eventhough we supervise your portfolio, you shouldremember that we do not manage your portfolio.Your trust will not sell a security solely because themarket value falls as is possible in a managed fund.

SSeelleeccttiioonn RRiisskk.. Selection risk is the risk thatthe securities selected for inclusion by your trustor by a fund’s management will underperform themarkets, relevant indices or the securities selectedby other funds with similar investment objectivesand investment strategies. This means you maylose money or earn less money than other compa-rable investments.

EEqquuiittyy SSeeccuurriittiieess.. Your trust and/or certainfunds held by your trust may invest in securitiesrepresenting equity ownership of a company.Investments in such securities are exposed to risksassociated with the companies issuing the securi-

ties, the sectors and geographic locations they areinvolved in and the markets that such securities aretraded on among other risks as described herein.

FFiixxeedd IInnccoommee SSeeccuurriittiieess.. Certain funds heldby your trust may invest in fixed income securi-ties and similar securities. Fixed income securitiesinvolve certain unique risks such as credit risk andinterest rate risk among other things as describedin greater detail below.

DDiivviiddeenndd PPaayymmeenntt RRiisskk.. Dividend paymentrisk is the risk that an issuer of a security isunwilling or unable to pay income on a security.Stocks represent ownership interests in the issuersand are not obligations of the issuers. Commonstockholders have a right to receive dividends onlyafter the company has provided for payment of itscreditors, bondholders and preferred stockholders.Common stocks do not assure dividend pay-ments. Dividends are paid only when declared byan issuer’s board of directors and the amount ofany dividend may vary over time.

SSttrraatteeggyy CCoorrrreellaattiioonn RRiisskk.. Strategy correlationrisk is the risk that your trust’s performance willnot sufficiently correspond with the hypotheticalback-tested performance of your trust’s investmentstrategy, if any. This risk applies to your trust ifthe “Investment Summary” section for your trustin this prospectus includes “Hypothetical Back-tested Performance Information.” This can hap-pen for reasons such as:

• the impracticability of owning each ofthe strategy stocks with the exact weight-ings at a given time,

• strategy performance is based on a calen-dar year strategy while trusts may be cre-ated at various times during the year andgenerally have 15 month terms,


• your trust may not be fully invested at alltimes, and

• trust fees and expenses.

Hypothetical back-tested performance is notactual past performance of this or any trust.Hypothetical back-tested performance is based onapplication of a trust’s investment strategy as of aparticular time.

CCrreeddiitt RRiisskk.. Credit risk is the risk that a bor-rower is unable to meet its obligation to pay prin-cipal or interest on a security held by a fund.This could cause the value of your units to falland may reduce the level of dividends a fund payswhich would reduce your income.

IInntteerreesstt RRaattee RRiisskk.. Interest rate risk is the riskthat the value of fixed income securities and simi-lar securities held by a fund will fall if interestrates increase. Bonds and other fixed incomesecurities typically fall in value when interest ratesrise and rise in value when interest rates fall.Securities with longer periods before maturity areoften more sensitive to interest rate changes. Thesecurities in your trust may be subject to a greaterrisk of rising interest rates than would normallybe the case due to the current period of historical-ly low rates.

CClloosseedd--EEnndd FFuunnddss.. Your portfolio may investin shares of closed-end investment companies.Closed-end funds are subject to various risks,including but not limited to management’s abili-ty to meet the closed-end fund’s investmentobjective including when the underlying securi-ties are redeemed or sold, risks associated withthe use of leverage and borrowing and risks asso-ciated with shares of the fund trading at a dis-count or premium to the fund’s net asset value.You should understand the section titled

“Understanding Your Investment—Closed-EndFunds” before you invest.

NNoonn--DDiivveerrssiiffiiccaattiioonn RRiisskk.. Certain funds heldby your trust may be classified as “non-diversi-fied”. Such funds may be more exposed to therisks associated with and developments affectingan individual issuer, industry and/or asset classthan a fund that invests more widely.

BBuussiinneessss DDeevveellooppmmeenntt CCoommppaannyy RRiisskk.. Certainfunds held by your trust may invest in businessdevelopment companies (“BDCs”). BDCs areclosed-end investment companies that have elect-ed to be treated as business development compa-nies under the Investment Company Act of 1940.BDCs are required to hold at least 70% of theirinvestments in eligible assets which include,among other things, (i) securities of eligible port-folio companies (generally, domestic companiesthat are not investment companies and that can-not have a class of securities listed on a nationalsecurities exchange or have securities that are mar-ginable that are purchased from that company ina private transaction), (ii) securities received bythe BDC in connection with its ownership ofsecurities of eligible portfolio companies, or (iii)cash, cash items, government securities, or highquality debt securities maturing one year or lessfrom the time of investment. BDCs’ ability togrow and their overall financial condition isimpacted significantly by their ability to raise cap-ital. In addition to raising capital through theissuance of common stock, BDCs may engage inborrowing. This may involve using revolvingcredit facilities, the securitization of loans throughseparate wholly-owned subsidiaries and issuing ofdebt and preferred securities. BDCs are lessrestricted than other closed-end funds as to theamount of debt they can have outstanding. Theseborrowings, also known as leverage, magnify thepotential for gain or loss on amounts invested


and, accordingly, the risks associated with invest-ing in BDC securities. While the value of aBDC’s assets increases, leveraging would cause thenet value per share of BDC common stock toincrease more sharply than it would have hadsuch BDC not leveraged. However, if the valueof a BDC’s assets decreases, leveraging wouldcause net asset value to decline more sharply thanit otherwise would have had such BDC not lever-aged. In addition to decreasing the value of aBDC’s common stock, it could also adverselyimpact a BDC’s ability to make dividend pay-ments. A BDC’s credit rating may change overtime which could adversely affect its ability toobtain additional credit and/or increase the costof such borrowing. Agreements governing aBDC’s credit facilities and related funding andservice agreements may contain various covenantsthat limit the BDC’s discretion in operating itsbusiness along with other limitations. Anydefaults may restrict the BDC’s ability to manageassets securing related assets, which may adverselyimpact the BDC’s liquidity and operations.BDCs may enter into hedging transaction andutilize derivative instruments such as forward con-tracts, options and swaps. Unanticipated move-ments and improper correlation of hedginginstruments may prevent a BDC from hedgingagainst exposure to risk of loss. BDCs may issueoptions, warrants, and rights to convert to votingsecurities to its officers, employees and boardmembers. Any issuance of derivative securitiesrequires the approval of the company’s board ofdirectors and authorization by the company’sshareholders. A BDC may operate a profit-shar-ing plan for its employees, subject to certainrestrictions.

BDC investments are frequently not publiclytraded and, as a result, there is uncertainty as tothe value and liquidity of those investments.BDCs may use independent valuation firms to

value their investments and such valuations maybe uncertain, be based on estimates and/or differmaterially from that which would have been usedif a ready market for those investments existed.The value of a BDC could be adversely affected ifits determinations regarding the fair value ofinvestments was materially higher than the valuerealized upon sale of such investments. Due tothe relative illiquidity of certain BDC invest-ments, if a BDC is required to liquidate all or aportion of its portfolio quickly, it may realize sig-nificantly less than the value at which such invest-ments are recorded. Further restrictions may existon the ability to liquidate certain assets to theextent that subsidiaries or related parties havematerial non-public information regarding suchassets. BDCs are required to make available sig-nificant managerial assistance to their portfoliocompanies. Significant managerial assistancerefers to any arrangement whereby a BDC pro-vides significant guidance and counsel concerningthe management, operations, or business objec-tives and policies of a portfolio company.Examples of such activities include arrangingfinancing, managing relationships with financingsources, recruiting management personnel, andevaluating acquisition and divestiture opportuni-ties. BDCs are frequently externally managed byan investment adviser which may also provide thisexternal managerial assistance to portfolio compa-nies. Such investment adviser’s liability may belimited under its investment advisory agreement,which may lead such investment adviser to act ina riskier manner than it would were it investingfor its own account. Such investment advisersmay be entitled to incentive compensation whichmay cause such adviser to make more speculativeand riskier investments than it would if investingfor its own account. Such compensation may bedue even in the case of declines to the value of aBDC’s investments.


BDCs frequently have high expenses whichmay include, but are not limited to, the paymentof management fees, administration expenses,taxes, interest payable on debt, governmentalcharges, independent director fees and expenses,valuation expenses, and fees payable to third par-ties relating to or associated with making invest-ments. If your trust invests in BDCs, then yourtrust will indirectly bear these expenses. Theseexpenses may fluctuate significantly over time. Ifa BDC fails to maintain its status as a BDC itmay be regulated as a closed-end fund whichwould subject such BDC to additional regulatoryrestrictions and significantly decrease its operatingflexibility. In addition, such failure could triggeran event of default under certain outstandingindebtedness which could have a material adverseimpact on its business.

IInnvveessttmmeenntt iinn OOtthheerr IInnvveessttmmeenntt CCoommppaanniieess.. Aswith other investments, investments in otherinvestment companies are subject to market andselection risk. In addition, if/when your trustacquires shares of investment companies share-holders bear both their proportionate share of feesand expenses in your trust and, indirectly, theexpenses of the underlying investment companies.Investment companies’ expenses are subject tothe risk of fluctuation including in response tofluctuation in a fund’s assets. Accordingly, a fund’sactual expenses may vary from what is indicatedat the time of investment by your trust. Thereare certain regulatory limitations on the ability ofyour trust to hold other investment companieswhich may impact the trust’s ability to invest cer-tain funds, may impact the weighting of a fund inyour trust’s portfolio and may impact your trust’sability to issue additional units in the future.

IInnvveessttmmeenntt PPrroocceessss RRiisskk.. Your trust may investin securities selected by HIMCO. In the event thatHIMCO incorrectly assesses an issuer’s prospects

for growth or if HIMCO’s judgment about howother investors will value an issuer’s growth iswrong, then the price of an issuer’s stock maydecrease or not increase to the level anticipated.

SSeeccttoorr CCoonncceennttrraattiioonn RRiisskk.. Sector concentra-tion risk is the risk that the value of your trust ismore susceptible to fluctuations based on factorsthat impact a particular sector because the expo-sure to such sectors through the securities held byyour trust or through the securities in the fundsheld by your trust are concentrated within a par-ticular sector. Refer to the “Principal Risks” inthe “Investment Summary” section for your trustin this prospectus for sector concentrations.

Your trust may invest significantly in securi-ties of ccoonnssuummeerr pprroodduuccttss aanndd sseerrvviicceess companies.These companies manufacture or sell variousconsumer products and/or services. General risksof these companies include the general state of theeconomy, intense competition and consumerspending trends. A decline in the economy whichresults in a reduction of consumers’ disposableincome can negatively impact spending habits.Competitiveness in the retail industry will requirelarge capital outlays for the installation of auto-mated checkout equipment to control inventory,track the sale of items and gauge the success ofsales campaigns. Retailers who sell their productsand services over the Internet have the potentialto access more consumers, but will require sophis-ticated technology to remain competitive.

Your trust may invest significantly in securi-ties of eenneerrggyy ccoommppaanniieess. Energy companiesinclude, but are not limited to, companies thatexplore for, produce, refine, transport, store,gather, process, distribute or sell petroleum, gasproducts or consumable fuels, or provide parts orservices to petroleum, gas or consumable fuelcompanies. These companies are subject to


volatile fluctuations in price and supply of energyfuels and can be impacted by international poli-tics, including wars and hostilities, supply anddemand, depletion, rising interest rates, explo-ration activities, policy shifts by governmentalentities and intergovernmental entities such asOPEC, weather, terrorist attacks, reduced demandas a result of increases in energy efficiency andenergy conservation, the success of explorationprojects, clean-up and litigation costs relating tooil spills and environmental damage, and tax andother regulatory policies of various governments.Natural disasters will also impact companies inthe energy industry. Oil production and refiningcompanies are subject to extensive federal, stateand local governmental laws and regulationsregarding air emissions and the disposal of haz-ardous materials. Companies engaged in theexploration, development, management or pro-duction of energy commodities face the risk thatcommodity reserves are depleted over time, or thatestimates of such reserves are overstated or will notbe produced in the time periods anticipated.

Your trust may invest significantly in securi-ties of hheeaalltthh ccaarree ccoommppaanniieess. Companies in thehealth care industry are subject to governmentalregulation of their products and services, a factorwhich could have a significant and possibly unfa-vorable effect on the price and availability ofsuch products or services. Furthermore, suchcompanies face the risk of increasing competitionfrom new products or services, generic drug sales,termination of patent protection for drug ormedical supply products and the risk that tech-nological advances will render their productsobsolete. The research and development costs ofbringing a drug to market are substantial, andinclude lengthy governmental review processeswith no guarantee that the product will evercome to market. Many of these companies mayhave losses and not offer certain products for sev-

eral years. Such companies may also have persist-ent losses during a new product’s transition fromdevelopment to production, and revenue patternsmay be erratic. In addition, healthcare facilityoperators may be affected by events and condi-tions including, among other things, demand forservices, the ability of the facility to provide theservices required, physicians’ confidence in thefacility, management capabilities, competitionwith other hospitals, efforts by insurers and gov-ernmental agencies to limit rates, legislationestablishing state rate-setting agencies, expenses,government regulation, the cost and possibleunavailability of malpractice insurance and thetermination or restriction of governmental finan-cial assistance, including that associated withMedicare, Medicaid and other similar third-partypayor programs.

Legislative proposals concerning healthcareare proposed in Congress from time to time.These proposals span a wide range of topics,including cost and price controls (which mightinclude a freeze on the prices of prescriptiondrugs), national health insurance incentives forcompetition in the provision of healthcare servic-es, tax incentives and penalties related to health-care insurance premiums and promotion of pre-paid healthcare plans. We are unable to predictthe effect of any of these proposals, if enacted, onthe issuers of securities in your trust.

Your trust may invest significantly in securitiesof iinndduussttrriiaallss ccoommppaanniieess. General risks of indus-trials companies include the general state of theeconomy, intense competition, consolidation,domestic and international politics, excess capaci-ty and consumer spending trends. Capital goodscompanies may also be significantly affected byoverall capital spending levels, economic cycles,technical obsolescence, delays in modernization,limitations on supply of key materials, labor


relations, government regulations, governmentcontracts and ecommerce initiatives. Furthermore,certain companies involved in the industry havealso faced scrutiny for alleged accounting irregular-ities that may have led to the overstatement oftheir financial results, and other companies in theindustry may face similar scrutiny.

Industrials companies may also be affected byfactors more specific to their individual industries.Industrial machinery manufacturers may be sub-ject to declines in commercial and consumerdemand and the need for modernization. Thenumber of housing starts, levels of public andnon-residential construction including weakeningdemand for new office and retail space, and overallconstruction spending may adversely affect con-struction materials and equipment manufacturers.

Your trust may invest significantly in securi-ties of companies in the iinnffoorrmmaattiioonn tteecchhnnoollooggyysector. Technology companies are generally sub-ject to the risks of rapidly changing technologies;short product life cycles; fierce competition;aggressive pricing; frequent introduction of newor enhanced products; the loss of patent, copy-right and trademark protections; cyclical marketpatterns; evolving industry standards; and fre-quent new product introductions. Technologycompanies may be smaller and less experiencedcompanies, with limited product lines, markets orfinancial resources. Technology company stockshave experienced extreme price and volume fluc-tuations that are often unrelated to their operat-ing performance, and have lately experienced sig-nificant market declines in their share values.Also, the stocks of many internet companies haveexceptionally high price-to-earnings ratios withlittle or no earnings histories.

EEuurrooppeeaann IIssssuueerr RRiisskkss.. The European SelectPortfolio invests in securities issued by companies

in Europe. The trust is therefore subject to certainrisks associated specifically with Europe. A signifi-cant number of countries in Europe are memberstates in the European Union, and the memberstates no longer control their own monetary poli-cies by directing independent interest rates fortheir currencies. In these member states, theauthority to direct monetary policies includingmoney supply and official interest rates for theEuro is exercised by the European Central Bank.Furthermore, the European sovereign debt crisisand the related austerity measures in certain coun-tries have had, and continue to have, a significantimpact on the economies of certain Europeancountries and their future economic outlooks.

FFoorreeiiggnn IIssssuueerr RRiisskk.. Your trust and/or certainfunds held by your trust may invest in the securi-ties of foreign issuers. An investment in securitiesof foreign issuers involves certain risks that are dif-ferent in some respects from an investment in secu-rities of domestic issuers. These include risks asso-ciated with future political and economic develop-ments, international trade conditions, foreign with-holding taxes, liquidity concerns, currency fluctua-tions, volatility, restrictions on foreign investmentsand exchange of securities, potential for expropria-tion of assets, confiscatory taxation, difficulty inobtaining or enforcing a court judgment, potentialinability to collect when a company goes bankruptand economic, political or social instability.Moreover, individual foreign economies may differfavorably or unfavorably from the U.S. economyfor reasons including differences in growth of grossdomestic product, rates of inflation, capital rein-vestment, resources, self-sufficiency and balance ofpayments positions There may be less publiclyavailable information about a foreign issuer than isavailable from a domestic issuer as a result of differ-ent accounting, auditing and financial reportingstandards. Some foreign markets are less liquidthan U.S. markets which could cause securities to


be bought at a higher price or sold at a lower pricethan would be the case in a highly liquid market.

Brokerage and other transaction costs on for-eign exchanges are often higher than in the U.S.and there is generally less governmental supervisionof exchanges, brokers and issuers in foreign coun-tries. The increased expense of investing in foreignmarkets may reduce the amount an investor canearn on its investments and typically results in ahigher operating expense ratio than investments inonly domestic securities. Custody of certain securi-ties may be maintained by a global custody andclearing institution. Settlement and clearance pro-cedures in certain foreign markets differ significant-ly from those in the U.S. Foreign settlement andclearance procedures and trade regulations also mayinvolve certain risks (such as delays in payment foror delivery of securities) not typically associatedwith the settlement of domestic securities. Roundlot trading requirements exist in certain foreignsecurities markets which could cause the propor-tional composition and diversification of yourtrust’s and/or a fund’s portfolio to vary when yourtrust or a fund buys or sells securities.

CCuurrrreennccyy RRiisskk.. Because securities of foreignissuers not listed on a U.S. securities exchange gen-erally pay income and trade in foreign currencies,the U.S. dollar value of these securities and incomewill vary with fluctuations in foreign exchangerates. Most foreign currencies have fluctuatedwidely in value against the U.S. dollar for variouseconomic and political reasons. Generally, whenthe U.S. dollar rises in value against a foreign cur-rency, a security denominated in that currency losesvalue because the currency is worth fewer U.S. dol-lars. Conversely, when the U.S. dollar decreases invalue against a foreign currency, a security denomi-nated in that currency gains value because the cur-rency is worth more U.S. dollars. This risk, gener-ally known as “currency risk,” means that a strong

U.S. dollar will reduce returns for U.S. investorswhile a weak U.S. dollar will increase those returns.

DDeeppoossiittaarryy RReecceeiippttss RRiisskk.. Certain stocks heldby your trust and/or the closed-end funds may beheld in the form of depositary receipts.Depositary receipts represent receipts for foreigncommon stock deposited with a custodian (whichmay include the trustee of your trust).Depositary receipts generally involve the sametypes of risks as foreign common stock helddirectly. Some depositary receipts may experienceless liquidity than the underlying common stockstraded in their home market. Certain depositaryreceipts are unsponsored (i.e. issued without theparticipation or involvement of the issuer of theunderlying security). The issuers of unsponsoreddepositary receipts are not obligated to discloseinformation that may be considered material inthe U.S. Therefore, there may be less informationavailable regarding these issuers and, as a result,there may not be a correlation between certaininformation impacting a security and the marketvalue of the depositary receipts.

EEmmeerrggiinngg MMaarrkkeettss.. Your trust and/or certainfunds held by your trust may invest in certainsecurities issued by entities located in emergingmarkets. Emerging markets are generally definedas countries in the initial states of their industrial-ization cycles with low per capita income. Themarkets of emerging markets countries are gener-ally more volatile than the markets of developedcountries with more mature economies. All ofthe risks of investing in foreign securitiesdescribed above are heightened by investing inemerging markets countries.

SSuupprraannaattiioonnaall EEnnttiittiieess’’ SSeeccuurriittiieess.. Certainfunds held by your trust may invest in obligationsissued by supranational entities such as theInternational Bank for Reconstruction and


Development (the World Bank). The governmentmembers, or “stockholders,” usually make initialcapital contributions to supranational entities andin many cases are committed to make additionalcapital contributions if a supranational entity isunable to repay its borrowings. There is no guar-antee that one or more stockholders of a suprana-tional entity will continue to make any necessaryadditional capital contributions. If such contribu-tions are not made, the entity may be unable topay interest or repay principal on its debt securities,and a fund may lose money on such investments.

SSmmaallll aanndd MMiidd--SSiizzee CCoommppaanniieess.. Your trustand/or certain funds held by your trust may investin securities issued by small and mid-size compa-nies. The share prices of these companies are oftenmore volatile than those of larger companies as aresult of several factors common to many suchissuers, including limited trading volumes, prod-ucts or financial resources, management inexperi-ence and less publicly available information. Inparticular, companies with smaller capitalizationsmay be less financially secure, depend on a smallernumber of key personnel and generally be subjectto more unpredictable price changes than larger,more established companies and the markets as awhole. Smaller capitalization and emerging growthcompanies may be particularly sensitive to changesin interest rates, borrowing costs and earnings.

BBoonndd QQuuaalliittyy RRiisskk.. Bond quality risk is therisk that a bond will fall in value if a ratingagency decreases or withdraws the bond’s rating.

PPrreeppaayymmeenntt RRiisskk.. When interest rates fall,among other factors, the issuer of a security mayprepay their obligations earlier than expected.Such prepayments will result in early distributionsto a fund holding such security and such fundsmay be unable to reinvest such amounts at theyields originally invested which could adversely

impact the funds and the trust. Certain bondsheld by the funds may include call provisionswhich expose such funds and your trust to call risk.Call risk is the risk that the issuer prepays or “calls”a bond before its stated maturity. An issuer mightcall a bond if interest rates, in general fall and thebond pays a higher interest rate or if it no longerneeds the money for the original purpose. If anissuer calls a bond, a fund holding such bond willreceive principal but future interest distributionswill fall. Such fund might not be able to reinvestthis principal at as high a yield. A bond’s call pricecould be less than the price paid for the bond andcould be below the bond’s par value. Certainbonds may also be subject to extraordinary option-al or mandatory redemptions if certain eventsoccur, such as certain changes in tax laws, the sub-stantial damage or destruction by fire or othercasualty of the project for which the proceeds ofthe bonds were used, and various other events.

EExxtteennssiioonn RRiisskk.. When interest rates rise,among other factors, issues of a security may payoff obligations more slowly than expected causingthe value of such obligations to fall.

MMaarrkkeett DDiissccoouunntt.. Certain funds held by yourtrust may invest in bonds whose current marketvalues were below the principal value on the pur-chase date. A primary reason for the market valueof such bonds being less than the principal valueis that the interest rate of such bonds is at a lowerrate than the current market interest rates forcomparable bonds. Bonds selling at market dis-counts tend to increase in market value as theyapproach maturity.

PPrreemmiiuumm BBoonnddss.. Certain funds held by thetrust may invest in bonds whose current marketvalues were above the principal value on the pur-chase date. A primary reason for the market valueof such bonds being higher than the principal


value is that the interest rate of such bonds is at ahigher rate than the current market interest ratesfor comparable bonds. The current returns ofbonds trading at a market premium are initiallyhigher than the current returns of comparablebonds issued at currently prevailing interest ratesbecause premium bonds tend to decrease in mar-ket value as they approach maturity when theprincipal value becomes payable. Because part ofthe purchase price is effectively returned not atmaturity but through current income payments,early redemption of a premium bond at par orany other amount below the purchase price willresult in a reduction in yield. Redemption pur-suant to call provisions generally will, andredemption pursuant to sinking fund provisionsmay occur at times when the bonds have a marketvalue that represents a premium over par or, fororiginal issue discount securities, a premium overthe accreted value.

MMuunniicciippaall BBoonnddss.. Certain funds held by yourtrust may invest in municipal bonds. Municipalbonds are debt obligations issued by states or bypolitical subdivisions or authorities of states.Municipal bonds are typically designated as gen-eral obligation bonds, which are general obliga-tions of a governmental entity that are backed bythe taxing power of such entity, or revenue bonds,which are payable from the income of a specificproject or authority and are not supported by theissuer’s power to levy taxes. Municipal bonds arelong-term fixed rate debt obligations that general-ly decline in value with increases in interest rates,when an issuer’s financial condition worsens orwhen the rating on a bond is decreased. Manymunicipal bonds may be called or redeemed priorto their stated maturity, an event which is morelikely to occur when interest rates fall. In such anoccurrence, a fund may not be able to reinvest themoney it receives in other bonds that have as higha yield or as long a maturity. Many municipal

bonds are subject to continuing requirements asto the actual use of the bond proceeds or mannerof operation of the project financed from bondproceeds that may affect the exemption of intereston such bonds from federal income taxation. Themarket for municipal bonds is generally less liq-uid than for other securities and therefore theprice of municipal bonds may be more volatileand subject to greater price fluctuations thansecurities with greater liquidity. In addition, anissuer’s ability to make income distributions gen-erally depends on several factors including thefinancial condition of the issuer and general eco-nomic conditions. Any of these factors may nega-tively impact the price of municipal bonds heldby a fund and would therefore impact the price ofboth the fund shares and your trust units.

SSoovveerreeiiggnn DDeebbtt.. Certain funds held by yourtrust may invest in sovereign debt. Sovereigndebt instruments are subject to the risk that agovernmental entity may delay or refuse to payinterest or repay principal on its sovereign debt,due, for example, to cash flow problems, insuffi-cient foreign currency reserves, political consider-ations, the relative size of the governmental enti-ty’s debt position in relation to the economy orthe failure to put in place required economicreforms. If a governmental entity defaults, it mayask for more time in which to pay or for furtherloans. There is no legal process for collecting sov-ereign debt that a government does not pay norare there bankruptcy proceedings through whichall or part of the sovereign debt that a govern-mental entity has not repaid may be collected.

UU..SS.. GGoovveerrnnmmeenntt OObblliiggaattiioonnss RRiisskk.. Certainfunds held by your trust may invest in obligationsof the U.S. Government. Obligations of U.S.Government agencies, authorities, instrumentali-ties and sponsored enterprises have historicallyinvolved little risk of loss of principal if held to



maturity. However, not all U.S. Governmentsecurities are backed by the full faith and credit ofthe United States. Obligations of certain agen-cies, authorities, instrumentalities and sponsoredenterprises of the U.S. Government are backed bythe full faith and credit of the United States (e.g.,the Government National Mortgage Association);other obligations are backed by the right of theissuer to borrow from the U.S. Treasury (e.g., theFederal Home Loan Banks) and others are sup-ported by the discretionary authority of the U.S.Government to purchase an agency’s obligations.Still others are backed only by the credit of theagency, authority, instrumentality or sponsoredenterprise issuing the obligation. No assurancecan be given that the U.S. Government wouldprovide financial support to any of these entitiesif it is not obligated to do so by law.

UU..SS.. TTrreeaassuurryy OObblliiggaattiioonnss.. Certain fundsheld by your trust may invest in U.S. Treasuryobligations. U.S. Treasury obligations are directobligations of the United States which are backedby the full faith and credit of the United States.The value of U.S. Treasury obligations will beadversely affected by decreases in bond prices andincreases in interest rates.

HHiigghh YYiieelldd oorr ““JJuunnkk”” SSeeccuurriittiieess.. Certain fundsheld by your trust may invest in high yield securi-ties or unrated securities. High yield, high risksecurities are subject to greater market fluctua-tions and risk of loss than securities with higherinvestment ratings. The value of these securitieswill decline significantly with increases in interestrates, not only because increases in rates generallydecrease values, but also because increased ratesmay indicate an economic slowdown. An eco-nomic slowdown, or a reduction in an issuer’screditworthiness, may result in the issuer beingunable to maintain earnings at a level sufficient tomaintain interest and principal payments. High

yield or “junk” securities, the generic names forsecurities rated below “BBB” by Standard &Poor’s or “Baa” by Moody’s, are frequently issuedby corporations in the growth stage of their devel-opment or by established companies who arehighly leveraged or whose operations or industriesare depressed. Securities rated below BBB or Baaare considered speculative as these ratings indicatea quality of less than investment grade. Becausehigh yield securities are generally subordinatedobligations and are perceived by investors to beriskier than higher rated securities, their pricestend to fluctuate more than higher rated securitiesand are affected by short-term credit develop-ments to a greater degree. The market for high-yield securities is smaller and less liquid than thatfor investment grade securities. High yield securi-ties are generally not listed on a national securitiesexchange but trade in the over-the-counter mar-kets. Due to the smaller, less liquid market forhigh yield securities, the bid-offer spread on suchsecurities is generally greater than it is for invest-ment grade securities and the purchase or sale ofsuch securities may take longer to complete.

SSeenniioorr LLooaannss.. Certain funds held by yourtrust may invest in senior loans and similar trans-actions. Senior loans are issued by banks, otherfinancial institutions and other investors to corpo-rations, partnerships, limited liability companiesand other entities to finance leveraged buyouts,recapitalizations, mergers, acquisitions, stockrepurchases, debt refinancings and, to a lesserextent, for general operating and other purposes.An investment by the funds in senior loans andsimilar transactions involves risk that the borrow-ers under such transactions may default on theirobligations to pay principal or interest when due.Although senior loans may be secured by specificcollateral, there can be no assurance that liquida-tion of collateral would satisfy the borrower’s obli-gation in the event of non-payment or that such

collateral could be readily liquidated. Senior loansare typically structured as floating rate instrumentsin which the interest rate payable on the obliga-tion fluctuates with interest rate changes. As aresult, the yield on funds investing in senior loanswill generally decline in a falling interest rate envi-ronment and increase in a rising interest rate envi-ronment. Senior loans are generally below invest-ment grade quality and may be unrated at thetime of investment; are generally not registeredwith the SEC or state securities commissions; andare generally not listed on any securities exchange.In addition, the amount of public informationavailable on senior loans is generally less extensivethan that available for other types of securities.

CCoonnvveerrttiibbllee SSeeccuurriittiieess.. Certain funds held byyour trust may invest in convertible securities.Convertible securities generally offer lower interestor dividend yields than non-convertible fixed-income securities of similar credit quality becauseof the potential for capital appreciation. Themarket values of convertible securities tend todecline as interest rates increase and, conversely,to increase as interest rates decline. However, aconvertible security’s market value also tends toreflect the market price of the common stock ofthe issuing company, particularly when that stockprice is greater than the convertible security’s“conversion price.” The conversion price isdefined as the predetermined price or exchangeratio at which the convertible security can be con-verted or exchanged for the underlying commonstock. As the market price of the underlyingcommon stock declines below the conversionprice, the price of the convertible security tends tobe increasingly influenced more by the yield ofthe convertible security. Thus, it may not declinein price to the same extent as the underlyingcommon stock. In the event of a liquidation ofthe issuing company, holders of convertible secu-rities would be paid before that company’s com-

mon stockholders. Consequently, an issuer’s con-vertible securities generally entail less risk than itscommon stock. However, convertible securitiesfall below debt obligations of the same issuer inorder of preference or priority in the event of aliquidation and are typically unrated or ratedlower than such debt obligations.

Mandatory convertible securities are distin-guished as a subset of convertible securitiesbecause the conversion is not optional and theconversion price at maturity is based solely uponthe market price of the underlying common stock,which may be significantly less than par or theprice (above or below par) paid. For these reasons,the risks associated with investing in mandatoryconvertible securities most closely resemble therisks inherent in common stocks. Mandatory con-vertible securities customarily pay a higher couponyield to compensate for the potential risk of addi-tional price volatility and loss upon conversion.Because the market price of a mandatory convert-ible security increasingly corresponds to the mar-ket price of its underlying common stock, as theconvertible security approaches its conversion date,there can be no assurance that the higher couponwill compensate for a potential loss.

FFllooaattiinngg RRaattee IInnssttrruummeennttss.. Certain funds heldby your trust may invest in floating rate securities.A floating rate security is an instrument in whichthe interest rate payable on the obligation fluctu-ates on a periodic basis based upon changes in abenchmark, often related to interest rates. As aresult, the yield on such a security will generallydecline with negative changes to the benchmark,causing the trust to experience a reduction in theincome it receives from such securities. A suddenand significant increase in the applicable bench-mark may increase the risk of payment defaultsand cause a decline in the value of the security.


AAsssseett--BBaacckkeedd SSeeccuurriittiieess.. Certain funds held byyour trust may invest in asset-backed securities(“ABS”). ABS are securities backed by pools ofloans or other receivables. ABS are created frommany types of assets, including auto loans, creditcard receivables, home equity loans, and studentloans. ABS are issued through special purposevehicles that are bankruptcy remote from theissuer of the collateral. The credit quality of anABS transaction depends on the performance ofthe underlying assets. To protect ABS investorsfrom the possibility that some borrowers couldmiss payments or even default on their loans, ABSinclude various forms of credit enhancement.Some ABS, particularly home equity loan transac-tions, are subject to interest rate risk and prepay-ment risk. A change in interest rates can affect thepace of payments on the underlying loans, whichin turn, affects total return on the securities. ABSalso carry credit or default risk. If many borrowerson the underlying loans default, losses couldexceed the credit enhancement level and result inlosses to investors in an ABS transaction. Finally,ABS have structure risk due to a unique character-istic known as early amortization, or early payout,risk. Built into the structure of most ABS are trig-gers for early payout, designed to protect investorsfrom losses. These triggers are unique to eachtransaction and can include: a big rise in defaultson the underlying loans, a sharp drop in the creditenhancement level, or even the bankruptcy of theoriginator. Once early amortization begins, allincoming loan payments (after expenses are paid)are used to pay investors as quickly as possiblebased upon a predetermined priority of payment.

MMoorrttggaaggee--BBaacckkeedd SSeeccuurriittiieess.. Certain fundsheld by your trust may invest in mortgage-backedsecurities. Mortgage-backed securities are a typeof ABS representing direct or indirect participa-tions in, or are secured by and payable from,mortgage loans secured by real property and can

include single- and multi-class pass-through secu-rities and collateralized mortgage obligations.Mortgage-backed securities are based on differenttypes of mortgages, including those on commercialreal estate or residential properties. These securi-ties often have stated maturities of up to thirtyyears when they are issued, depending upon thelength of the mortgages underlying the securities.In practice, however, unscheduled or early pay-ments of principal and interest on the underlyingmortgages may make the securities’ effective matu-rity shorter than this. Rising interest rates tend toextend the duration of mortgage-backed securities,making them more sensitive to changes in interestrates, and may reduce the market value of thesecurities. In addition, mortgage-backed securitiesare subject to prepayment risk, the risk that bor-rowers may pay off their mortgages sooner thanexpected, particularly when interest rates decline.This can reduce the funds’, and therefore yourtrust’s, returns because the funds may have to rein-vest that money at lower prevailing interest rates.

RReessttrriicctteedd SSeeccuurriittiieess.. Certain funds held byyour trust may invest in securities that may onlybe resold pursuant to Rule 144A under theSecurities Act of 1933. Such securities may not bereadily marketable. Restricted securities may besold only to purchasers meeting certain eligibilityrequirements in privately negotiated transactionsor in a public offering with respect to which a reg-istration statement is in effect under the SecuritiesAct. Where registration of such securities underthe Securities Act is required, a fund may be obli-gated to pay all or part of the registration expensesand a considerable period may elapse between thetime of the decision to sell and the time the fundmay be permitted to sell a security under an effec-tive registration statement. If, during such a peri-od, adverse market conditions were to develop, thefund might obtain a less favorable price than thatwhich prevailed when it decided to sell.


LLiiqquuiiddiittyy RRiisskk.. Liquidity risk is the risk that thevalue of a security will fall if trading in the securityis limited or absent. No one can guarantee that aliquid trading market will exist for any security.

CCoovveerreedd CCaallll OOppttiioonn SSttrraatteeggiieess.. Certain fundsheld by your trust may invest using covered calloption strategies. You should understand the risksof these strategies before you invest. In employinga covered call strategy, a closed-end fund will gen-erally write (sell) call options on a significant por-tion of the fund’s managed assets. These calloptions will give the option holder the right, butnot the obligation, to purchase a security from thefund at the strike price on or prior to the option’sexpiration date. The ability to successfully imple-ment the fund’s investment strategy depends onthe fund adviser’s ability to predict pertinent mar-ket movements, which cannot be assured. Thus,the use of options may require a fund to sell port-folio securities at inopportune times or for pricesother than current market values, may limit theamount of appreciation the fund can realize on aninvestment, or may cause the fund to hold a secu-rity that it might otherwise sell. The writer (seller)of an option has no control over the time when itmay be required to fulfill its obligation as a writer(seller) of the option. Once an option writer (sell-er) has received an exercise notice, it cannot effecta closing purchase transaction in order to termi-nate its obligation under the option and mustdeliver the underlying security at the exerciseprice. As the writer (seller) of a covered calloption, a fund forgoes, during the option’s life, theopportunity to profit from increases in the marketvalue of the security underlying the call optionabove the sum of the premium and the strike priceof the call option, but has retained the risk of lossshould the price of the underlying security decline.The value of the options written (sold) by a fund,which will be marked-to-market on a daily basis,will be affected by changes in the value and divi-

dend rates of the underlying securities, an increasein interest rates, changes in the actual or perceivedvolatility of securities markets and the underlyingsecurities and the remaining time to the options’expiration. The value of the options may also beadversely affected if the market for the optionsbecomes less liquid or smaller.

An option is generally considered “covered” ifa fund owns the security underlying the calloption or has an absolute and immediate right toacquire that security without additional cash con-sideration (or, if required, liquid cash or otherassets are segregated by the fund) upon conver-sion or exchange of other securities held by thefund. In certain cases, a call option may also beconsidered covered if a fund holds a call optionon the same security as the call option written(sold) provided that certain conditions are met.By writing (selling) covered call options, a fundgenerally seeks to generate income, in the form ofthe premiums received for writing (selling) thecall options. Investment income paid by a fundto its shareholders (such as the trust) may bederived primarily from the premiums it receivesfrom writing (selling) call options and, to a lesserextent, from the dividends and interest it receivesfrom the equity securities or other investmentsheld in the fund’s portfolio and short-term gainsthereon. Premiums from writing (selling) calloptions and dividends and interest paymentsmade by the securities in a fund’s portfolio canvary widely over time.

PPrreeffeerrrreedd SSeeccuurriittiieess.. Certain funds held byyour trust may invest in preferred securitiesincluding preferred stocks, trust preferred securi-ties, subordinated or junior notes and debenturesand other similarly structured securities.Preferred securities combine some of the charac-teristics of common stocks and bonds. Preferredsecurities generally pay fixed or adjustable rate


income in the form of dividends or interest toinvestors. Preferred securities generally have pref-erence over common stock in the payment ofincome and the liquidation of a company’s assets.However, preferred securities are typically subor-dinated to bonds and other debt instruments in acompany’s capital structure and therefore will besubject to greater credit risk than those debtinstruments. Because of their subordinated posi-tion in the capital structure of an issuer, the abili-ty to defer dividend or interest payments forextended periods of time without triggering anevent of default for the issuer, and certain otherfeatures, preferred securities are often treated asequity-like instruments by both issuers andinvestors, as their quality and value are heavilydependent on the profitability and cash flows ofthe issuer rather than on any legal claims to spe-cific assets. Most retail-available preferred securi-ties have a $25 par (or “face”) value but can alsohave par values of $50 or $1,000. Preferred secu-rities are often callable at their par value at somepoint in time after their original issuance date.Income payments on preferred securities are gen-erally stated as a percentage of these par valuesalthough certain preferred securities provide forvariable or additional participation payments.

While some preferred securities are issuedwith a final maturity date, others are perpetual innature. In certain instances, a final maturity datemay be extended and/or the final payment ofprincipal may be deferred at the issuer’s optionfor a specified time without triggering an eventof default for the issuer. Preferred securities gen-erally may be subject to provisions that allow anissuer, under certain conditions, to skip (“non-cumulative” preferred securities) or defer (“cumu-lative” preferred securities) distributions. Theissuer of a non-cumulative preferred security doesnot have an obligation to make up any arrearagesto holders of such securities and non-cumulative

preferred securities can defer distributions indefi-nitely. Cumulative preferred securities typicallycontain provisions that allow an issuer, at its dis-cretion, to defer distributions payments for up to10 years. If a preferred security is deferring itsdistribution, investors may be required to recog-nize income for tax purposes while they are notreceiving any income. In certain circumstances,an issuer of preferred securities may redeem thesecurities during their life. For certain types ofpreferred securities, a redemption may be trig-gered by a change in federal income tax or securi-ties laws. As with call provisions, a redemptionby the issuer may negatively impact the return ofthe security. Preferred security holders generallyhave no voting rights with respect to the issuingcompany except in very limited situations, suchas if the issuer fails to make income payments fora specified period of time or if a declaration ofdefault occurs and is continuing. Preferred secu-rities may be substantially less liquid than manyother securities, such as U.S. government securi-ties or common stock. The federal income taxtreatment of preferred securities may not be clearor may be subject to recharacterization by theInternal Revenue Service. Issuers of preferredsecurities may be in industries that are heavilyregulated and that may receive governmentfunding. The value of preferred securities issuedby these companies may be affected by changesin government policy, such as increased regula-tion, ownership restrictions, deregulation orreduced government funding.

Preferred stocks are a category of preferredsecurities that are typically considered equitysecurities and make income payments from anissuer’s after-tax profits that are treated as divi-dends for tax purposes. While they generallyprovide for specified income payments as a per-centage of their par value, these payments gener-ally do not carry the same set of guarantees


afforded to bondholders and have higher risks ofnon-payment or deferral.

Certain preferred securities may be issued bytrusts or other special purpose entities establishedby operating companies, and are therefore notdirect obligations of operating companies. At thetime a trust or special purpose entity sells its pre-ferred securities to investors, the trust or specialpurpose entity generally purchases debt of theoperating company with terms comparable tothose of the trust or special purpose entity securi-ties. The trust or special purpose entity, as theholder of the operating company’s debt, has prior-ity with respect to the operating company’s earn-ings and profits over the operating company’scommon shareholders, but is typically subordinat-ed to other classes of the operating company’sdebt. Distribution payments of trust preferredsecurities generally coincide with interest pay-ments on the underlying obligations.Distributions from trust preferred securities aretypically treated as interest rather than dividendsfor federal income tax purposes and therefore, arenot eligible for the dividends-received deductionor the lower federal tax rates applicable to quali-fied dividends. Trust preferred securities generallyinvolve the same risks as traditional preferredstocks but are also subject to unique risks, includ-ing risks associated with income payments onlybeing made if payments on the underlying obliga-tions are made. Typically, a trust preferred securi-ty will have a rating that is below that of its corre-sponding operating company’s senior debt securi-ties due to its subordinated nature.

Subordinated or junior notes or debenturesare securities that generally have priority to com-mon stock and other preferred securities in acompany’s capital structure but are subordinatedto other bonds and debt instruments in a compa-ny's capital structure. As a result, these securities

will be subject to greater credit risk than thosesenior debt instruments and will not receiveincome payments or return of principal in theevent of insolvency until all obligations on seniordebt instruments have been made. Distributionsfrom these securities are typically treated as inter-est rather than dividends for federal income taxpurposes and therefore, are not eligible for thedividends-received deduction or the lower federaltax rates applicable to qualified dividends.Investments in subordinated or junior notes ordebentures also generally involve risks similar torisks of other preferred securities described above.

RReeaall EEssttaattee RReellaatteedd SSeeccuurriittiieess.. Your trustand/or certain funds held by the trust may investin securities providing exposure to real estateinvestments. Risks associated with the ownershipof real estate include, among other factors,changes in general U.S., global and local econom-ic conditions, decline in real estate values, changesin the financial health of tenants, overbuildingand increased competition for tenants, oversupplyof properties for sale, changing demographics,changes in interest rates, tax rates and other oper-ating expenses, changes in government regula-tions, faulty construction and the ongoing needfor capital improvements, regulatory and judicialrequirements, including relating to liability forenvironmental hazards, changes in neighborhoodvalues and buyer demand, and the unavailabilityof construction financing or mortgage loans atrates acceptable to developers.

RReeaall EEssttaattee IInnvveessttmmeenntt TTrruussttss.. Your trustand/or certain funds held by the trust may investin securities issued by real estate investmenttrusts (“REITs”). Many factors can have anadverse impact on the performance of a REIT,including its cash available for distribution, thecredit quality of the REIT or the real estateindustry generally. The success of a REIT


depends on various factors, including the occu-pancy and rent levels, appreciation of the under-lying property and the ability to raise rents onthose properties. Economic recession, overbuild-ing, tax law changes, higher interest rates orexcessive speculation can all negatively impactREITs, their future earnings and share prices.Variations in rental income and space availabilityand vacancy rates in terms of supply and demandare additional factors affecting real estate generallyand REITs in particular. Properties owned by aREIT may not be adequately insured against cer-tain losses and may be subject to significant envi-ronmental liabilities, including remediation costs.You should also be aware that REITs may not bediversified and are subject to the risks of financingprojects. The real estate industry may be cyclical,and, if REIT securities are acquired at or near thetop of the cycle, there is increased risk of a declinein value of the REIT securities. At various pointsin time, demand for certain types of real estatemay inflate the value of real estate. This mayincrease the risk of a substantial decline in thevalue of such real estate and increase the risk of adecline in the value of the securities. REITs arealso subject to defaults by borrowers and the mar-ket’s perception of the REIT industry generally.Because of their structure, and a current legalrequirement that they distribute at least 90% oftheir taxable income to shareholders annually,REITs require frequent amounts of new funding,through both borrowing money and issuing stock.Thus, REITs historically have frequently issuedsubstantial amounts of new equity shares (orequivalents) to purchase or build new properties.This may adversely affect REIT equity share mar-ket prices. Both existing and new share issuancesmay have an adverse effect on these prices in thefuture, especially if REITs issue stock when realestate prices are relatively high and stock pricesare relatively low.

Mortgage REITs engage in financing realestate, purchasing or originating mortgages andmortgage-backed securities and earning incomefrom the interest on these investments. SuchREITs face risks similar to those of other financialfirms, such as changes in interest rates, generalmarket conditions and credit risk, in addition torisks associated with an investment in real estate.

MMLLPPss.. Your trust and/or certain funds heldby the trust may invest in master limited partner-ships (“MLPs”). MLPs are limited partnership orlimited liability companies that are generally taxedas partnership whose interests are generally tradedon securities exchanges. An MLP consists of ageneral partner and limited partners. The generalpartner manages the partnership, has an ownershipstake in the partnership and is eligible to receivean incentive distribution. The limited partnersprovide capital to the partnership, have a limited(if any) role in the operation and management ofthe partnership and receive cash distributions.Unlike stockholders of a corporation, limited part-ners do not elect directors annually and generallyhave the right to vote only on certain significantevents, such as mergers, a sale of substantially allof the partnership assets, removal of the generalpartner or material amendments to the partner-ship agreement. Limited partners generally havefirst right to a minimum quarterly distributionprior to distributions to the convertible subordi-nated unit holders or the general partner (includ-ing incentive distributions) and typically havearrearage rights if the minimum quarterly distribu-tion is not met. Most MLPs generally operate inthe energy natural resources or real estate sectorand are subject to the risks generally applicable tocompanies in those sectors. Those risks include,but are not limited to, commodity pricing risk,supply and demand risk, depletion risk and explo-ration risk. MLPs are also subject to the risk thatauthorities could challenge the tax treatment of


MLPs for federal income tax purposes whichcould have a negative impact on the after-taxincome available for distribution by the MLPsand/or the value of your trust’s investments.

DDeerriivvaattiivveess RRiisskk.. Certain funds held by yourtrust may engage in transactions in derivatives.Derivatives are subject to counterparty risk whichis the risk that the other party in a transactionmay be unable or unwilling to meet obligationswhen due. Use of derivatives may increasevolatility of a fund and the trust and reducereturns. Fluctuations in the value of derivativesmay not correspond with fluctuations of underly-ing exposures. Unanticipated market movementscould result in significant losses on derivativepositions including greater losses than amountsoriginally invested and potentially unlimited loss-es in the case of certain derivatives. There are noassurances that there will be a secondary marketavailable in any derivative position which couldresult in illiquidity and the inability of a fund toliquidate or terminate positions as valued.Valuation of derivative positions may be difficultand increase during times of market turmoil.Certain derivatives may be used as a hedge againstother securities positions however hedging can besubject to the risk of imperfect alignment andthere are no assurances that a hedge will beachieved as intended which can pose significantloss to a fund and your trust. Recent legislationhas called for significant increases to the regula-tion of the derivatives market. Regulatorychanges and rulemaking is ongoing and the fullimpact may not be known for some time. Thisincreased regulation may make derivatives morecostly, limit the availability of derivatives or other-wise adversely affect the value or performance ofderivatives. Examples of increased regulationinclude, but are not limited to the imposition ofclearing and reporting requirements on transac-tions that fall within the definition of “swap” and

“security-based swap”, increased recordkeepingand reporting requirements, changing definitionaland registration requirements, and changes to theway that funds’ use of derivatives is regulated. Wecannot predict the effects of any new governmen-tal regulation that may be implemented on theability of a fund to use any financial derivativeproduct, and there can be no assurance that anynew governmental regulation will not adverselyaffect a fund’s ability to achieve its investmentobjective. The federal income tax treatment of aderivative may not be as favorable as a directinvestment in the asset that a derivative providesexposure to which may adversely impact the tim-ing, character and amount of income a fund real-izes from its investment. The tax treatment ofcertain derivatives is unsettled and may be subjectto future legislation, regulation or administrativepronouncements.

SSwwaappss.. Certain funds held by your trust mayinvest in swaps. In addition to general risks asso-ciated with derivatives described above, swapagreements involve the risk that the party withwhom a fund has entered into the swap willdefault on its obligation to pay a fund and therisk that a fund will not be able to meet its obli-gations to pay the other party to the agreement.Swaps entered into by a fund may include, butare not limited to, interest rate swaps, total returnswaps and/or credit default swaps. In an interestrate swap transaction, two parties exchange rightsto receive interest payments, such as exchangingthe right to receive floating rate payments basedon a reference interest rate for the right to receivefixed rate payments. In addition to the generalrisks associated with derivatives and swapsdescribed above, interest rate swaps are subject tointerest rate risk and credit risk. In a total returnswap transaction, one party agrees to pay anotherparty an amount equal to the total return on areference asset during a specified period of time in


return for periodic payments based on a fixed orvariable interest rate or on the total return from adifferent reference asset. In addition to the gener-al risks associated with derivatives and swapsdescribed above, total return swaps could result inlosses if the reference asset does not perform asanticipated and these swaps can have the potentialfor unlimited losses. In a credit default swaptransaction, one party makes one or more pay-ments over the term of the contract to the coun-terparty, provided that no event of default withrespect to a specific obligation or issuer hasoccurred. In return, upon any event of default,such party would receive from the counterparty apayment equal to the par (or other agreed-upon)value of such specified obligation. In addition togeneral risks associated with derivatives and swapsdescribed above, credit default swaps involve spe-cial risks because they are difficult to value, arehighly susceptible to liquidity and credit risk, andgenerally pay a return to the party that has paidthe premium only in the event of an actualdefault by the issuer of the underlying obligation(as opposed to a credit downgrade or other indi-cation of financial difficulty).

FFoorrwwaarrdd FFoorreeiiggnn CCuurrrreennccyy EExxcchhaannggee CCoonnttrraaccttss..Certain funds held by your trust may may engagein forward foreign currency exchange transactions.Forward foreign exchange transactions are con-tracts to purchase or sell a specified amount of aspecified currency or multinational currency unitat a price and future date set at the time of thecontract. Forward foreign currency exchange con-tracts do not eliminate fluctuations in the value ofnon-U.S. securities but rather allow a fund toestablish a fixed rate of exchange for a future pointin time. This strategy can have the effect of reduc-ing returns and minimizing opportunities for gain.

IInnddeexxeedd aanndd IInnvveerrssee SSeeccuurriittiieess.. Certain fundsheld by your trust may invest in indexed and

inverse securities. In addition to general risksassociated with derivatives described above,indexed and inverse securities are subject to riskwith respect to the value of the particular index.These securities are subject to leverage risk andcorrelation risk. Certain indexed and inversesecurities have greater sensitivity to changes ininterest rates or index levels than other securities,and a fund’s investment in such instruments maydecline significantly in value if interest rates orindex levels move in a way a fund’s managementdoes not anticipate.

FFuuttuurreess.. Certain funds held by your trustmay engage in futures transactions. In additionto general risks associated with derivativesdescribed above, the primary risks associated withthe use of futures contracts and options are (a)the imperfect correlation between the change inmarket value of the instruments held by a fundand the price of the futures contract or option;(b) possible lack of a liquid secondary market fora futures contract and the resulting inability toclose a futures contract when desired; (c) lossescaused by unanticipated market movements,which are potentially unlimited; (d) the invest-ment adviser’s inability to predict correctly thedirection of securities prices, interest rates, curren-cy exchange rates and other economic factors; and(e) the possibility that the counterparty willdefault in the performance of its obligations.While futures contracts are generally liquidinstruments, under certain market conditionsthey may become illiquid. Futures exchanges mayimpose daily or intra-day price change limitsand/or limit the volume of trading. Additionally,government regulation may further reduce liquid-ity through similar trading restrictions.

OOppttiioonnss.. Certain funds held by your trustmay engage in options transactions. In additionto general risks associated with derivatives


described above, options are considered specula-tive. When a fund purchases an option, it maylose the premium paid for it if the price of theunderlying security or other assets decreased orremained the same (in the case of a call option) orincreased or remained the same (in the case of aput option). If a put or call option purchased bya fund were permitted to expire without beingsold or exercised, its premium would represent aloss to a fund. To the extent that a fund writes orsells an option, if the decline or increase in theunderlying asset is significantly below or abovethe exercise price of the written option, a fundcould experience substantial and potentiallyunlimited losses.

RReeppuurrcchhaassee AAggrreeeemmeenntt RRiisskk.. If the other partyto a repurchase agreement defaults on its obliga-tion under such agreement, a fund may sufferdelays and incur costs or lose money in exercisingits rights under the agreement. If the seller failsto repurchase the security under a repurchaseagreement and the market value of such securitydeclines, such fund may lose money.

SShhoorrtt SSaalleess RRiisskk.. Certain funds held by yourtrust may engage in short sales. Because makingshort sales in securities that it does not ownexposes a fund to the risks associated with thosesecurities, such short sales involve speculativeexposure risk. A fund will incur a loss as a resultof a short sale if the price of the security increasesbetween the date of the short sale and the dateon which such fund replaces the security soldshort. A fund will realize a gain if the securitydeclines in price between those dates. As aresult, if a fund makes short sales in securitiesthat increase in value, it will likely underperformsimilar funds that do not make short sales insecurities they do not own. There can be noassurance that a fund will be able to close out ashort sale position at any particular time or at an

acceptable price. Although a fund’s gain is limit-ed to the amount at which it sold a securityshort, its potential loss is limited only by themaximum attainable price of the security, less theprice at which the security was sold. Short saletransactions involve leverage because they canprovide investment exposure in an amountexceeding the initial investment. A fund mayalso pay transaction costs and borrowing fees inconnection with short sales.

CCoommmmooddiittiieess.. Certain funds held by yourtrust may have exposure to the commodities mar-ket. This exposure could expose such funds andthe trust to greater volatility than investment inother securities. The value of investments pro-viding commodity exposure may be affected bychanges in overall market movements, commodi-ty index volatility, changes in interest rates, orfactors affecting a particular industry or com-modity, such as drought, floods, weather, embar-goes, tariffs and international economic, politicaland regulatory developments.

MMoonneeyy MMaarrkkeett SSeeccuurriittiieess.. Certain funds heldby your trust may invest in money market securi-ties. If market conditions improve while a fundhas temporarily invested some or all of its assets inhigh quality money market securities, this strategycould result in reducing the potential gain fromthe market upswing, thus reducing a fund’s oppor-tunity to achieve its investment objective.

LLeeggiissllaattiioonn//LLiittiiggaattiioonn.. From time to time,various legislative initiatives are proposed in theUnited States and abroad which may have a nega-tive impact on certain of the securities held byyour trust or underlying funds. In addition, liti-gation regarding any of the issuers of the securi-ties or of the industries represented by theseissuers may negatively impact the share prices ofthese securities. No one can predict what impact


any pending or threatened litigation will have onthe share prices of the securities.

NNoo FFDDIICC GGuuaarraanntteeee.. An investment in yourtrust is not a deposit of any bank and is not insuredor guaranteed by the Federal Deposit InsuranceCorporation or any other government agency.

CCLLOOSSEEDD--EENNDD FFUUNNDDSS

Closed-end funds are subject to various risks,including management’s ability to meet theclosed-end fund’s investment objective, and tomanage the closed-end fund portfolio when theunderlying securities are redeemed or sold, duringperiods of market turmoil and as investors’ per-ceptions regarding closed-end funds or theirunderlying investments change.

Shares of closed-end funds frequently trade ata discount from their net asset value in the sec-ondary market. This risk is separate and distinctfrom the risk that the net asset value of closed-endfund shares may decrease. The amount of suchdiscount from net asset value is subject to changefrom time to time in response to various factors.

Certain of the closed-end funds included inyour trust may employ the use of leverage in theirportfolios through the issuance of preferred stock.While leverage often serves to increase the yield ofa closed-end fund, this leverage also subjects theclosed-end fund to increased risks. These risksmay include the likelihood of increased volatilityand the possibility that the closed-end fund’scommon share income will fall if the dividendrate on the preferred shares or the interest rate onany borrowings rises. The use of leverage maycause a closed-end fund to liquidate portfoliopositions when it may not be advantageous to doso to satisfy its obligations or to meet anyrequired asset segregation requirements.

Certain closed-end funds held by your trustmay engage in borrowing. Borrowing may exag-gerate changes in the net asset value of a fund’sshares and in the return on a fund’s portfolio.Borrowing will cost a fund interest expense andother fees. The costs of borrowing may reduce afund’s return. Borrowing may cause a fund toliquidate positions when it may not be advanta-geous to do so to satisfy its obligations.

Certain closed-end funds held by your trustmay engage in securities lending. Securities lend-ing involves the risk that the borrower may fail toreturn the securities in a timely manner or at all.As a result, a fund could lose money and theremay be a delay in recovering the loaned securities.A fund could also lose money if it does not recov-er the securities and/or the value of the collateralfalls, including the value of investments madewith cash collateral. These events could triggeradverse tax consequences for a fund.

Only the trustee may vote the shares of theclosed-end funds held in your trust. The trusteewill vote the shares in the same general proportionas shares held by other shareholders of each fund.Your trust may be required, however, to reject anyoffer for securities or other property in exchangefor portfolio securities as described under “Howthe Trust Works—Changing Your Portfolio.”

HHOOWW TTHHEE TTRRUUSSTT WWOORRKKSS

YYoouurr TTrruusstt.. Your trust is a unit investmenttrust registered under the Investment CompanyAct of 1940. We created your trust under a trustagreement between Advisors Asset Management,Inc. (as depositor/sponsor, evaluator and supervi-sor) and The Bank of New York Mellon (astrustee). To create your trust, we deposited secu-rities with the trustee (or contracts to purchasesecurities along with an irrevocable letter of credit



or other consideration to pay for the securities).In exchange, the trustee delivered units of yourtrust to us. Each unit represents an undividedinterest in the assets of your trust. These unitsremain outstanding until redeemed or until yourtrust terminates. At the close of the New YorkStock Exchange on your trust’s inception date, thenumber of units may be adjusted so that the pub-lic offering price per unit equals $10. The num-ber of units and fractional interest of each unit inyour trust will increase or decrease to the extentof any adjustment.

CChhaannggiinngg YYoouurr PPoorrttffoolliioo.. Your trust is not amanaged fund. Unlike a managed fund, wedesigned your portfolio to remain relatively fixed.Your trust will generally buy and sell securities:

• to pay expenses,

• to issue additional units or redeem units,

• to take actions in response to certain cor-porate actions and other events impactingportfolio securities,

• in limited circumstances to protect thetrust,

• to make required distributions or avoidimposition of taxes on the trust, or

• as permitted by the trust agreement.

When your trust sells securities, the compo-sition and diversification of the securities in theportfolio may be altered. If a public tender offerhas been made for a security or a merger, acqui-sition or similar transaction has been announcedaffecting a security, the sponsor may direct thetrustee to sell the security or accept a tenderoffer if the supervisor determines that the actionis in the best interest of unitholders. The trusteewill distribute any available cash proceeds tounitholders.

If an offer by the issuer of any of the portfo-lio securities or any other party is made to issuenew securities, or to exchange securities, for trustportfolio securities, the trustee will reject the offerunless your trust is a “regulated investment com-pany” for tax purposes (see “EssentialInformation—Tax Structure” in the “InvestmentSummary” section for your trust in this prospec-tus). If your trust is a “regulated investment com-pany” for tax purposes and an offer by the issuerof any of the portfolio securities or any otherparty is made to issue new securities, or toexchange securities, for trust portfolio securities,the trustee may either vote for or against, oraccept or reject, any offer for new or exchangedsecurities or property in exchange for a trust port-folio security at the direction of the sponsor.

If any issuance, exchange or substitution ofnew or exchanged securities or property inexchange for a trust portfolio security occurs(regardless of any action or rejection by a trust),any securities and/or property received will bedeposited into the trust and will be promptly soldby the trustee pursuant to the sponsor’s direction,unless the sponsor advises the trustee to keep suchsecurities or property.

If any contract for the purchase of securitiesfails, the sponsor will refund the cash and sales feeattributable to the failed contract to unitholders onor before the next distribution date unless substan-tially all of the moneys held to cover the purchaseare reinvested in substitute securities in accordancewith the trust agreement. If your trust is a “regu-lated investment company” for tax purposes, thesponsor may direct the reinvestment of securitysale proceeds if the sale is the direct result of seri-ous adverse credit factors which, in the opinion ofthe supervisor, would make retention of the securi-ties detrimental to the trust. In such a case, thesponsor may, but is not obligated to, direct the


reinvestment of sale proceeds in any other securitiesthat meet the criteria for inclusion in the trust onthe trust’s inception date. The sponsor may alsoinstruct the trustee to take action necessary toensure that a portfolio continues to satisfy thequalifications of a “regulated investment company”for tax purposes. Your trust will not participate inrights offerings of closed-end funds, if any.

We will increase the size of your trust as wesell units. When we create additional units, wewill seek to replicate the existing portfolio to theextent practicable. When your trust buys securi-ties, it may pay brokerage or other acquisitionfees. You could experience a dilution of yourinvestment because of these fees and fluctuationsin security prices between the time we create unitsand the time your trust buys the securities.When your trust buys or sells securities, we maydirect that it place orders with and pay brokeragecommissions to brokers that sell units or are affili-ated with us, your trust or the trustee.

Pursuant to an exemptive order, your trustmay be able to purchase securities from othertrusts that we sponsor when we create additionalunits. Your trust may also be able to sell securitiesto other trusts that we sponsor to satisfy unitredemption, pay deferred sales charges or expenses,in connection with periodic tax compliance or inconnection with the termination of your trust.The exemption may enable each trust to eliminatecommission costs on these transactions. The pricefor those securities will be the closing price on thesale date on the exchange where the securities areprincipally traded as certified by us to the trustee.

AAmmeennddiinngg tthhee TTrruusstt AAggrreeeemmeenntt.. The sponsorand the trustee can change the trust agreementwithout your consent to correct any provisionthat may be defective or to make other provisionsthat will not materially adversely affect your inter-

est (as determined by the sponsor and thetrustee). We cannot change this agreement toreduce your interest in your trust without yourconsent. Investors owning two-thirds of the unitsin your trust may vote to change this agreement.

TTeerrmmiinnaattiioonn ooff YYoouurr TTrruusstt.. Your trust will ter-minate on the termination date set forth under“Essential Information” in the “InvestmentSummary” section of this prospectus for yourtrust. The trustee may terminate your trust earlyif the value of the trust is less than 40% of theoriginal value of the securities in your trust at thetime of deposit. At this size, the expenses of yourtrust may create an undue burden on your invest-ment. Investors owning two-thirds of the units inyour trust may also vote to terminate the trustearly. The trustee will liquidate your trust in theevent that a sufficient number of units not yet soldto the public are tendered for redemption so thatthe net worth of your trust would be reduced toless than 40% of the value of the securities at thetime they were deposited in the trust. If this hap-pens, we will refund any sales charge that you paid.

You will receive your final distribution withina reasonable time following liquidation of all thesecurities after deducting final expenses. Your ter-mination distribution may be less than the priceyou originally paid for your units.

TThhee SSppoonnssoorr.. The sponsor of your trust isAdvisors Asset Management, Inc. We are a bro-ker-dealer specializing in providing trading andsupport services to broker-dealers, registered rep-resentatives, investment advisers and other finan-cial professionals. Our headquarters are located at18925 Base Camp Road, Monument, Colorado80132. You can contact our unit investment trustdivision at 8100 East 22nd Street North, Building800, Suite 102, Wichita, Kansas 67226 or byusing the contacts listed on the back cover of this


prospectus. AAM is a registered broker-dealerand investment adviser, a member of theFinancial Industry Regulatory Authority, Inc.(FINRA) and Securities Investor ProtectionCorporation (SIPC) and a registrant of theMunicipal Securities Rulemaking Board (MSRB).If we fail to or cannot perform our duties as spon-sor or become bankrupt, the trustee may replaceus, continue to operate your trust without a spon-sor, or terminate your trust.

We and your trust have adopted a code ofethics requiring our employees who have access toinformation on trust transactions to report per-sonal securities transactions. The purpose of thecode is to avoid potential conflicts of interest andto prevent fraud, deception or misconduct withrespect to your trust.

The sponsor or an affiliate may use the list ofsecurities in your trust in its independent capacity(which may include acting as an investmentadviser or broker-dealer) and distribute this infor-mation to various individuals and entities. Thesponsor or an affiliate may recommend or effecttransactions in the securities. This may also havean impact on the price your trust pays for thesecurities and the price received upon unitredemption or trust termination. The sponsormay act as agent or principal in connection withthe purchase and sale of securities, includingthose held by your trust, and may act as a special-ist market maker in the securities. The sponsormay also issue reports and make recommenda-tions on the securities in your trust. The sponsoror an affiliate may have participated in a publicoffering of one or more of the securities in yourtrust. The sponsor, an affiliate or their employeesmay have a long or short position in these securi-ties or related securities. An officer, director oremployee of the sponsor or an affiliate may be anofficer or director for the issuers of the securities.

TThhee TTrruusstteeee.. The Bank of New YorkMellon is the trustee of your trust with its prin-cipal unit investment trust division offices locat-ed at 2 Hanson Place, 12th Floor, Brooklyn,New York 11217. You can contact the trusteeby calling the telephone number on the backcover of this prospectus or by writing to its unitinvestment trust office. We may remove andreplace the trustee in some cases without yourconsent. The trustee may also resign by notify-ing us and investors.

HHooww WWee DDiissttrriibbuuttee UUnniittss.. We sell units tothe public through broker-dealers and otherfirms. These distribution firms each receive partof the sales fee when they sell units. During theinitial offering period, the broker-dealer conces-sion or agency commission for broker-dealers andother firms is 1.25% of the public offering priceper unit at the time of the transaction. The bro-ker-dealer concession or agency commission is65% of the sales fee for secondary market sales.No broker-dealer concession or agency commis-sion is paid to broker-dealers, investment advisersor other selling firms in connection with unitsales in Fee Accounts subject to a Wrap Fee.

Broker-dealers and other firms that sell unitsof certain unit investment trusts for which AAMacts as sponsor are eligible to receive additionalcompensation for volume sales. The sponsoroffers two separate volume concession structuresfor certain trusts that are referred to as “VolumeConcession A” and “Volume Concession B.”The trusts offered in this prospectus are VolumeConcession A trusts. Broker-dealers and otherfirms that sell units of any Volume Concession Atrust are eligible to receive the additional com-pensation described below. Such payments willbe in addition to the regular concessions paid tofirms as set forth in the applicable trust’sprospectus.


The additional concession for sales in a cal-endar month is based on total initial offeringperiod sales of all Volume Concession A trustsduring the 12-month period through the end ofthe preceding calendar month as set forth in thefollowing table:

Initial Offering Period Sales VolumeIn Preceding 12 Months Concession

$25,000,000 but less than $100,000,000 0.035%$100,000,000 but less than $150,000,000 0.050$150,000,000 but less than $250,000,000 0.075$250,000,000 but less than $1,000,000,000 0.100$1,000,000,000 but less than $5,000,000,000 0.125$5,000,000,000 but less than $7,500,000,000 0.150$7,500,000,000 or more 0.175

We will pay these amounts out of our ownassets within a reasonable time following each cal-endar month.

The volume concessions will be paid on unitsof all Volume Concession A trusts sold in the ini-tial offering period, except as described below.For a trust to be eligible for this additionalVolume Concession A compensation, the trust’sprospectus must include disclosure related to theadditional Volume Concession A compensation; atrust is not eligible for additional VolumeConcession A compensation if the prospectus forsuch trust does not include disclosure related tothe additional Volume Concession A compensa-tion. In addition, dealer firms will not receivevolume concessions on the sale of units which arenot subject to a transactional sales charge.However, such sales will be included in determin-ing whether a firm has met the sales level break-points for volume concessions subject to the poli-cies of the related selling firm. Secondary marketsales of all unit trusts are excluded for purposes ofthese volume concessions.

Any sales fee discount is borne by the broker-dealer or selling firm out of the broker-dealerconcession or agency commission. We reserve theright to change the amount of compensation paidto selling firms from time to time. Some broker-dealers and other selling firms may limit the com-pensation they or their representatives receive inconnection with unit sales. As a result, certainbroker-dealers and other selling firms may waiveor refuse payment of all or a portion of the regu-lar concession or agency commission and/or vol-ume concession described above and instruct thesponsor to retain such amounts rather than pay orallow the amounts to such firm.

We currently may provide, at our own expenseand out of our own profits, additional compensa-tion and benefits to broker-dealers who sell units ofyour trust and our other products. This compensa-tion is intended to result in additional sales of ourproducts and/or compensate broker-dealers andfinancial advisors for past sales. A number of fac-tors are considered in determining whether to paythese additional amounts. Such factors mayinclude, but are not limited to, the level or typeof services provided by the intermediary, the levelor expected level of sales of our products by theintermediary or its agents, the placing of ourproducts on a preferred or recommended productlist and access to an intermediary’s personnel. Wemay make these payments for marketing, promo-tional or related expenses, including, but not lim-ited to, expenses of entertaining retail customersand financial advisors, advertising, sponsorship ofevents or seminars, obtaining information aboutthe breakdown of unit sales among an intermedi-ary’s representatives or offices, obtaining shelfspace in broker-dealer firms and similar activitiesdesigned to promote the sale of our products. Wemake such payments to a substantial majority ofintermediaries that sell our products. We mayalso make certain payments to, or on behalf of,

intermediaries to defray a portion of their costsincurred for the purpose of facilitating unit sales,such as the costs of developing or purchasingtrading systems to process unit trades. Paymentsof such additional compensation described in thisparagraph and the volume concessions describedabove, some of which may be characterized as“revenue sharing,” may create an incentive forfinancial intermediaries and their agents to sell orrecommend our products, including your trust,over other products. These arrangements will notchange the price you pay for your units.

We generally register units for sale in variousstates in the U.S. We do not register units forsale in any foreign country. This prospectus doesnot constitute an offer of units in any state orcountry where units cannot be offered or soldlawfully. We may reject any order for units inwhole or in part.

We may gain or lose money when we holdunits in the primary or secondary market due tofluctuations in unit prices. The gain or loss isequal to the difference between the price we payfor units and the price at which we sell or redeemthem. We may also gain or lose money when wedeposit securities to create units. The amount ofour profit or loss on the initial deposit of securi-ties into your trust is shown in the “Notes toPortfolio” section for your trust.

TTAAXXEESS——RREEGGUULLAATTEEDD IINNVVEESSTTMMEENNTT CCOOMMPPAANNIIEESS

This section summarizes some of the mainU.S. federal income tax consequences of owningunits of your trust if your trust qualifies as a “reg-ulated investment company” under federal taxlaws. The tax structure of your trust is set forthunder “Essential Information-Tax Structure” inthe “Investment Summary” section for your trustin this prospectus.

This section is current as of the date of thisprospectus. Tax laws and interpretations changefrequently, and these summaries do not describeall of the tax consequences to all taxpayers. Forexample, these summaries generally do notdescribe your situation if you are a corporation, anon-U.S. person, a broker/dealer, or otherinvestor with special circumstances. In addition,this section does not describe your state, local orforeign tax consequences.

This federal income tax summary is based inpart on the advice of counsel to the sponsor. TheInternal Revenue Service could disagree with anyconclusions set forth in this section. In addition,our counsel was not asked to review, and has notreached a conclusion with respect to the federalincome tax treatment of the assets to be depositedin your trust. This may not be sufficient for youto use for the purpose of avoiding penalties underfederal tax law.

As with any investment, you should seekadvice based on your individual circumstancesfrom your own tax advisor.

TTrruusstt SSttaattuuss.. Your trust intends to qualify asa “regulated investment company” under the fed-eral tax laws. If your trust qualifies as a regulatedinvestment company and distributes its income asrequired by the tax law, your trust generally willnot pay federal income taxes. If your trust investsin a partnership, an adverse federal income taxaudit of that partnership could result in the trustbeing required to pay federal income tax or pay adeficiency dividend (without having receivedadditional cash).

DDiissttrriibbuuttiioonnss.. Trust distributions are generallytaxable. After the end of each year, you willreceive a tax statement that separates your trust’sdistributions into three categories, ordinary


income distributions, capital gain dividends andreturn of capital. Ordinary income distributionsare generally taxed at your ordinary tax rate, how-ever, as further discussed below, certain ordinaryincome distributions received from your trust maybe taxed at the capital gains tax rates. Generally,you will treat all capital gain dividends as long-term capital gains regardless of how long you haveowned your units. To determine your actual taxliability for your capital gain dividends, you mustcalculate your total net capital gain or loss for thetax year after considering all of your other taxabletransactions, as described below. In addition, yourtrust may make distributions that represent areturn of capital for tax purposes and thus willgenerally not be taxable to you. A return of capi-tal, although not initially taxable to you, will resultin a reduction in the basis in your units and subse-quently result in higher levels of taxable capitalgains in the future. In addition, if the non-divi-dend distribution exceeds your basis in your units,you will have long-term or short-term gaindepending upon your holding period. The taxstatus of your distributions from your trust is notaffected by whether you reinvest your distributionsin additional units or receive them in cash. Theincome from your trust that you must take intoaccount for federal income tax purposes is notreduced by amounts used to pay a deferred salesfee, if any. The tax laws may require you to treatdistributions made to you in January as if you hadreceived them on December 31 of the previousyear. Income from your trust may also be subjectto a 3.8 percent “medicare tax.” This tax generallyapplies to your net investment income if youradjusted gross income exceeds certain thresholdamounts, which are $250,000 in the case of mar-ried couples filing joint returns and $200,000 inthe case of single individuals.

DDiivviiddeennddss RReecceeiivveedd DDeedduuccttiioonn.. A corporationthat owns units generally will not be entitled to the

dividends received deduction with respect to manydividends received from your trust because the div-idends received deduction is generally not availablefor distributions from regulated investment compa-nies. However, certain ordinary income dividendson units that are attributable to qualifying divi-dends received by your trust from certain corpora-tions may be reported by the trust as being eligiblefor the dividends received deduction.

SSaallee oorr RReeddeemmppttiioonn ooff UUnniittss.. If you sell orredeem your units, you will generally recognize ataxable gain or loss. To determine the amount ofthis gain or loss, you must subtract your tax basisin your units from the amount you receive in thetransaction. Your tax basis in your units is gener-ally equal to the cost of your units, generallyincluding sales charges. In some cases, however,you may have to adjust your tax basis after youpurchase your units.

CCaappiittaall GGaaiinnss aanndd LLoosssseess aanndd CCeerrttaaiinn OOrrddiinnaarryyIInnccoommee DDiivviiddeennddss.. If you are an individual, themaximum marginal stated federal tax rate for netcapital gain is generally 20% (15% or 0% for tax-payers with taxable incomes below certain thresh-olds). Some portion of your capital gain divi-dends may be subject to higher maximum margin-al stated federal income tax rates. Some portion ofyour capital gain dividends may be attributable tothe trust's interest in a master limited partnershipwhich may be subject to a maximum marginal stat-ed federal income tax rate of 28%, rather than therates set forth above. In addition, capital gainreceived from assets held for more than one yearthat is considered “unrecaptured section 1250 gain”(which may be the case, for example, with somecapital gains attributable to equity interests in realestate investment trusts that constitute interests inentities treated as real estate investment trusts forfederal income tax purposes) is taxed at a maxi-mum stated tax rate of 25%. In the case of capital


gain dividends, the determination of which portionof the capital gain dividend, if any, is subject to the28% tax rate or the 25% tax rate, will be madebased on rules prescribed by the United StatesTreasury. Capital gains may also be subject to the“medicare tax” described above.

Net capital gain equals net long-term capitalgain minus net short-term capital loss for the tax-able year. Capital gain or loss is long-term if theholding period for the asset is more than one yearand is short-term if the holding period for theasset is one year or less. You must exclude thedate you purchase your units to determine yourholding period. However, if you receive a capitalgain dividend from your trust and sell your unitat a loss after holding it for six months or less, theloss will be recharacterized as long-term capitalloss to the extent of the capital gain dividendreceived. The tax rates for capital gains realizedfrom assets held for one year or less are generallythe same as for ordinary income. The InternalRevenue Code treats certain capital gains as ordi-nary income in special situations.

Ordinary income dividends received by anindividual unitholder from a regulated investmentcompany such as your trust are generally taxed atthe same rates that apply to net capital gain (asdiscussed above), provided certain holding periodrequirements are satisfied and provided the divi-dends are attributable to qualifying dividendsreceived by your trust itself. Distributions withrespect to shares in real estate investment trustsare qualifying dividends only in limited circum-stances. Your trust will provide notice to itsunitholders of the amount of any distributionwhich may be taken into account as a dividendwhich is eligible for the capital gains tax rates.

IInn--KKiinndd DDiissttrriibbuuttiioonnss.. Under certain circum-stances, as described in this prospectus, you may

receive an in-kind distribution of trust securitieswhen you redeem units or when your trust termi-nates. This distribution will be treated as a salefor federal income tax purposes and you will gen-erally recognize gain or loss, generally based onthe value at that time of the securities and theamount of cash received. The Internal RevenueService could however assert that a loss could notbe currently deducted.

RRoolllloovveerrss aanndd EExxcchhaannggeess.. If you elect to haveyour proceeds from your trust rolled over into afuture trust, the exchange would generally be con-sidered a sale for federal income tax purposes.

TTrreeaattmmeenntt ooff TTrruusstt EExxppeennsseess.. Expensesincurred and deducted by your trust will generallynot be treated as income taxable to you. In somecases, however, you may be required to treat yourportion of these trust expenses as income. Youmay not be able to deduct some or all of theseexpenses.

FFoorreeiiggnn TTaaxx CCrreeddiitt.. If your trust invests inany foreign securities, the tax statement that youreceive may include an item showing foreign taxesyour trust paid to other countries. In this case,dividends taxed to you will include your share ofthe taxes your trust paid to other countries. Youmay be able to deduct or receive a tax credit foryour share of these taxes.

Investments in Certain Foreign Corporations.If your trust holds an equity interest in any “pas-sive foreign investment companies” (“PFICs”),which are generally certain foreign corporationsthat receive at least 75% of their annual grossincome from passive sources (such as interest, div-idends, certain rents and royalties or capital gains)or that hold at least 50% of their assets in invest-ments producing such passive income, the trustcould be subject to U.S. federal income tax and


additional interest charges on gains and certaindistributions with respect to those equity inter-ests, even if all the income or gain is timely dis-tributed to its unitholders. Your trust will not beable to pass through to its unitholders any creditor deduction for such taxes. Your trust may beable to make an election that could amelioratethese adverse tax consequences. In this case, yourtrust would recognize as ordinary income anyincrease in the value of such PFIC shares, and asordinary loss any decrease in such value to theextent it did not exceed prior increases includedin income. Under this election, your trust mightbe required to recognize in a year income inexcess of its distributions from PFICs and its pro-ceeds from dispositions of PFIC stock during thatyear, and such income would nevertheless be sub-ject to the distribution requirement and would betaken into account for purposes of the 4% excisetax. Dividends paid by PFICs are not treated asqualified dividend income.

FFoorreeiiggnn IInnvveessttoorrss.. If you are a foreign investor(i.e., an investor other than a U.S. citizen or resi-dent or a U.S. corporation, partnership, estate ortrust), you should be aware that, generally, subjectto applicable tax treaties, distributions from yourtrust will be characterized as dividends for federalincome tax purposes (other than dividends whichyour trust properly reports as capital gain divi-dends) and will be subject to U.S. income taxes,including withholding taxes, subject to certainexceptions described below. However, distribu-tions received by a foreign investor from yourtrust that are properly reported by your trust ascapital gain dividends may not be subject to U.S.federal income taxes, including withholding taxes,provided that your trust makes certain electionsand certain other conditions are met.Distributions from your trust that are properlyreported by the trust as an interest-related divi-dend attributable to certain interest income

received by the trust or as a short-term capitalgain dividend attributable to certain net short-term capital gain income received by the trustmay not be subject to U.S. federal income taxes,including withholding taxes when received by cer-tain foreign investors, provided that the trustmakes certain elections and certain other condi-tions are met. In addition, distributions inrespect of units may be subject to a U.S. with-holding tax of 30% in the case of distributions to(i) certain non-U.S. financial institutions thathave not entered into an agreement with the U.S.Treasury to collect and disclose certain informa-tion and are not resident in a jurisdiction that hasentered into such an agreement with the U.S.Treasury and (ii) certain other non-U.S. entitiesthat do not provide certain certifications andinformation about the entity's U.S. owners.Dispositions of units by such persons may be sub-ject to such withholding after December 31,2018. You should also consult your tax advisorwith respect to other U.S. tax withholding andreporting requirements.

TTAAXXEESS——GGRRAANNTTOORR TTRRUUSSTTSS

This section summarizes some of the mainU.S. federal income tax consequences of owningunits of your trust if your trust is structured as agrantor trust under the federal tax laws. The taxstructure of your trust is set forth under“Essential Information-Tax Structure” in the“Investment Summary” section for your trust inthis prospectus.

This section is current as of the date of thisprospectus. Tax laws and interpretations changefrequently, and these summaries do not describeall of the tax consequences to all taxpayers. Forexample, these summaries generally do notdescribe your situation if you are a corporation, anon-U.S. person, a broker/dealer, or other


investor with special circumstances. In addition,this section does not describe your state, local orforeign tax consequences.

This federal income tax summary is based inpart on the advice and opinion of counsel to thesponsor. The Internal Revenue Service could dis-agree with any conclusions set forth in this sec-tion. In addition, our counsel was not asked toreview, and has not reached a conclusion withrespect to the federal income tax treatment of theassets to be deposited in your trust. This may notbe sufficient for you to use for the purpose ofavoiding penalties under federal tax law.

As with any investment, you should seekadvice based on your individual circumstancesfrom your own tax advisor.

AAsssseettss ooff tthhee TTrruusstt.. Your trust is expected tohold one or more of the following: (i) shares ofstock in corporations (the “Stocks”) that are treat-ed as equity for federal income tax purposes, (ii)equity interests (the “REIT Shares”) in real estateinvestment trusts (“REITs”) that constitute inter-ests in entities treated as real estate investmenttrusts for federal income tax purposes, and (iii)shares (the “RIC Shares”) in funds qualifying asregulated investment companies (“RICs”) that aretreated as interests in regulated investment com-panies for federal income tax purposes.

It is possible that your trust will also holdother assets, including assets that are treated dif-ferently for federal income tax purposes fromthose described above, in which case you will havefederal income tax consequences different from orin addition to those described in this section. Allof the assets held by your trust constitute the"Trust Assets." Neither our counsel nor we haveanalyzed the proper federal income tax treatmentof the Trust Assets and thus neither our counsel

nor we have reached a conclusion regarding thefederal income tax treatment of the Trust Assets.

TTrruusstt SSttaattuuss.. The trust is considered a grantortrust under federal income tax laws. In grantortrusts, investors are deemed for federal income taxpurposes, to own the underlying assets of the trustdirectly. All taxability issues are taken intoaccount at the unit owner level. Income passesthrough to unit owners as realized by the trust.

Income is reported gross of expenses. Expensesare separately reported based on a percentage ofdistributions. Generally, the cash received by unitowners is the net of income and expenses reported.

The grantor trust structure is a widely heldfixed investment trust (“WHFIT”), and fallsunder what is commonly referred to as theWHFIT regulations.

If your trust is at all times operated in accor-dance with the documents establishing your trustand certain requirements of federal income taxlaw are met, your trust will not be taxed as a cor-poration for federal income tax purposes. As aunit owner, you will be treated as the owner of apro rata portion of each of the Trust Assets, andas such you will be considered to have received apro rata share of income (e.g., dividends and cap-ital gains, if any) from each Trust Asset whensuch income would be considered to be receivedby you if you directly owned the Trust Assets.This is true even if you elect to have your distri-butions reinvested into additional units. In addi-tion, the income from Trust Assets that you musttake into account for federal income tax purposesis not reduced by amounts used to pay salescharges or trust expenses. Income from the trustmay also be subject to a 3.8 percent “medicaretax.” This tax generally applies to your netinvestment income if your adjusted gross income


exceeds certain threshold amounts, which are$250,000 in the case of married couples filingjoint returns and $200,000 in the case of singleindividuals. Interest that is excluded from grossincome, including exempt-interest dividendsfrom any RIC Shares held by the trust, are gener-ally not included in your net investment incomefor purposes of this tax.

YYoouurr TTaaxx BBaassiiss aanndd IInnccoommee oorr LLoossss uuppoonnDDiissppoossiittiioonn. If your trust disposes of Trust Assets,you will generally recognize gain or loss. If youdispose of your units or redeem your units forcash, you will also generally recognize gain or loss.To determine the amount of this gain or loss, youmust subtract your tax basis in the related TrustAssets from your share of the total amountreceived in the transaction. You can generallydetermine your initial tax basis in each Trust Assetby apportioning the cost of your units, includingsales charges, among the Trust Assets ratablyaccording to their values on the date you acquireyour units. In certain circumstances, however, youmay have to adjust your tax basis after you acquireyour units (for example, in the case of certain divi-dends that exceed a corporation’s accumulatedearnings and profits, or in the case of certain dis-tributions with respect to any REIT Shares thatrepresent a return of capital, as discussed below).

If you are an individual, the maximum mar-ginal stated federal tax rate for net capital gain isgenerally 20% (15% or 0% for taxpayers withtaxable incomes below certain thresholds). Somecapital gains, including some portion of the capi-tal gain dividends from the RIC Shares, may betaxed at a higher stated federal tax rate. Someportion of any capital gain dividends you receivemight be attributable to a RIC’s interest in a mas-ter limited partnership which may be subject to amaximum marginal stated federal income tax rateof 28%, rather than the rates set forth above.

In addition, capital gain received from assets heldfor more than one year that is considered “unrecap-tured section 1250 gain” (which may be the case,for example, with some capital gains attributable toequity interests in real estate investment trusts thatconstitute interests in entities treated as real estateinvestment trusts for federal income tax purposes)is taxed at a maximum stated tax rate of 25%. Inthe case of capital gain dividends, the determinationof which portion of the capital gain dividend, ifany, is subject to the 28% tax rate or the 25% taxrate, will be made based on rules prescribed by theUnited States Treasury. Capital gains may also besubject to the “medicare tax” described above.

Net capital gain equals net long-term capitalgain minus net short-term capital loss for the tax-able year. Capital gain or loss is long-term if theholding period for the asset is more than one yearand is short-term if the holding period for theasset is one year or less. You must exclude the dateyou purchase your units to determine your hold-ing period. The tax rates for capital gains realizedfrom assets held for one year or less are generallythe same as for ordinary income. The InternalRevenue Code, however, treats certain capitalgains as ordinary income in special situations.

DDiivviiddeennddss ffrroomm SSttoocckkss.. Certain dividendsreceived with respect to the Stocks held by thetrust, if any, may qualify to be taxed at the samerates that apply to net capital gain (as discussedabove), provided certain holding period require-ments are satisfied.

DDiivviiddeennddss ffrroomm RRIICC SShhaarreess aanndd RREEIITT SShhaarreess.Some dividends on REIT Shares or RIC Shares, ifany, held by the trust, may be reported by theREIT or RIC as “capital gain dividends,” general-ly taxable to you as long-term capital gains. Somedividends on RIC Shares may qualify as “exempt-interest dividends,” which generally are excluded


from your gross income for federal income taxpurposes. Some or all of the exempt-interest divi-dends, however may be taken into account indetermining your alternative minimum tax, andmay have other tax consequences (e.g., they mayaffect the amount of your social security benefitsthat are taxed). Other dividends on the REITShares or the RIC Shares will generally be taxableto you as ordinary income. Certain ordinaryincome dividends from a RIC may qualify to betaxed at the same rates that apply to net capitalgain (as discussed above), provided certain hold-ing period requirements are satisfied and providedthe dividends are attributable to qualifying divi-dends received by the RIC itself. Regulatedinvestment companies are required to providenotice to their shareholders of the amount of anydistribution that may be taken into account as adividend that is eligible for the capital gains taxrates. In limited circumstances, some of the ordi-nary income dividends from a REIT may alsoqualify to be taxed at the same rates that apply tonet capital gains. If you hold a unit for sixmonths or less or if your trust holds a RIC Shareor REIT Share for six months or less, any lossincurred by you related to the disposition of suchRIC Share or REIT Share will be disallowed tothe extent of the exempt-interest dividends youreceived. To the extent, if any, it is not disal-lowed, it will be treated as a long-term capital lossto the extent of any long-term capital gain distri-butions received (or deemed to have beenreceived) with respect to such RIC Share orREIT Share. Distributions of income or capitalgains declared on the REIT Shares or the RICShares in October, November or December willbe deemed to have been paid to you onDecember 31 of the year they are declared, evenwhen paid by the REIT or the RIC during thefollowing January. Some dividends on the REITShares may be eligible for a deduction for quali-fied business income.

DDiivviiddeennddss RReecceeiivveedd DDeedduuccttiioonn. Generally, adomestic corporation owning units in a trust maybe eligible for the dividends received deductionwith respect to such unit owner's pro rata portionof certain types of dividends received by the trust.However, a corporation generally will not be enti-tled to the dividends received deduction withrespect to dividends from most foreign corpora-tions or from REITs or RICs. However, certaindividends on RIC Shares that are attributable todividends received by the RIC itself from certaindomestic corporations may be reported by theRIC as being eligible for the dividends receiveddeduction.

IInn--KKiinndd DDiissttrriibbuuttiioonnss. Under certain circum-stances as described in this prospectus, you mayrequest an In-Kind Distribution of Trust Assetswhen you redeem your units or at your trust's ter-mination. By electing to receive an In-KindDistribution, you will receive Trust Assets plus,possibly, cash. You will not recognize gain or lossif you only receive whole Trust Assets in exchangefor the identical amount of your pro rata portionof the same Trust Assets held by your trust.However, if you also receive cash in exchange fora Trust Asset or a fractional portion of a TrustAsset, you will generally recognize gain or lossbased on the difference between the amount ofcash you receive and your tax basis in such TrustAsset or fractional portion.

RRoolllloovveerrss aanndd EExxcchhaannggeess. If you elect to haveyour proceeds from your trust rolled over into afuture trust, it is considered a sale for federalincome tax purposes and any gain on the sale willbe treated as a capital gain, and any loss will betreated as a capital loss. However, any loss youincur in connection with the exchange of yourunits of your trust for units of the next series willgenerally be disallowed with respect to thisdeemed sale and subsequent deemed repurchase,


to the extent the two trusts have substantiallyidentical Trust Assets under the wash sale provi-sions of the Internal Revenue Code.

TTrreeaattmmeenntt ooff TTrruusstt EExxppeennsseess. Generally, forfederal income tax purposes, you must take intoaccount your full pro rata share of your trust’sincome, even if some of that income is used topay trust expenses. You may deduct your pro ratashare of each expense paid by your trust to thesame extent as if you directly paid the expense.You may not be able to deduct some or all ofthese expenses.

If any of the RICs pay exempt-interest divi-dends, which are treated as tax-exempt interest forfederal income tax purposes, you will not be ableto deduct some of your share of the trust expens-es. In addition, you will not be able to deductsome of your interest expense for debt that youincur or continue to purchase or carry your units.

FFoorreeiiggnn IInnvveessttoorrss,, TTaaxxeess aanndd IInnvveessttmmeennttss.Distributions by your trust that are treated asU.S. source income (e.g., dividends received onStocks of domestic corporations) will generally besubject to U.S. income taxation and withholdingin the case of units held by nonresident alienindividuals, foreign corporations or other non-U.S. persons, subject to any applicable treaty. Ifyou are a foreign investor (i.e., an investor otherthan a U.S. citizen or resident or a U.S. corpora-tion, partnership, estate or trust), you may not besubject to U.S. federal income taxes, includingwithholding taxes, on some or all of the incomefrom your trust or on any gain from the sale orredemption of your units, provided that certainconditions are met. You should consult your taxadvisor with respect to the conditions you mustmeet in order to be exempt for U.S. tax purposes.Distributions in respect of units may be subject toa U.S. withholding tax of 30% in the case of dis-

tributions to (i) certain non-U.S. financial institu-tions that have not entered into an agreementwith the U.S. Treasury to collect and disclose cer-tain information and are not resident in a juris-diction that has entered into such an agreementwith the U.S. Treasury and (ii) certain other non-U.S. entities that do not provide certain certifica-tions and information about the entity’s U.S.owners. Dispositions of units by such personsmay be subject to such withholding afterDecember 31, 2018. You should also consultyour tax advisor with respect to other U.S. taxwithholding and reporting requirements.

Some distributions by your trust may be sub-ject to foreign withholding taxes. Any incomewithheld will still be treated as income to you.Under the grantor trust rules, you are consideredto have paid directly your share of any foreigntaxes that are paid. Therefore, for U.S. tax pur-poses, you may be entitled to a foreign tax creditor deduction for those foreign taxes.

Under certain circumstances, a RIC may electto pass through to its shareholders certain foreigntaxes paid by the RIC. If a RIC makes this elec-tion with respect to RIC Shares, you must includein your income for federal income tax purposesyour portion of such taxes and you may be enti-tled to a credit or deduction for such taxes.

If any U.S. investor is treated as owningdirectly or indirectly 10 percent or more of thecombined voting power of the stock of a foreigncorporation, and all U.S. shareholders of that cor-poration collectively own more than 50 percent ofthe vote or value of the stock of that corporation,the foreign corporation may be treated as a con-trolled foreign corporation (CFC). If you own 10percent or more of a CFC (through your trustand in combination with your other investments)or possibly if your trust owns 10 percent or more


of a CFC, you will be required to include certaintypes of the CFC’s income in your taxable incomefor federal income tax purposes whether or notsuch income is distributed to your trust or to you.

A foreign corporation will generally be treatedas a passive foreign investment company (“PFIC”)if 75 percent or more of its income is passiveincome or if 50 percent or more of its assets areheld to produce passive income. If your trustpurchases shares in a PFIC, you may be subject toU.S. federal income tax on a portion of certaindistributions or on gains from the disposition ofsuch shares at rates that were applicable in prioryears and any gain may be recharacterized as ordi-nary income that is not eligible for the lower netcapital gains tax rate. Additional charges in thenature of interest may also be imposed on you.Certain elections may be available with respect toPFICs that would limit these consequences.However, these elections would require you toinclude certain income of the PFIC in your tax-able income even if not distributed to the trust orto you, or require you to annually recognize asordinary income any increase in the value of theshares of the PFIC, thus requiring you to recog-nize income for federal income tax purposes inexcess of your actual distributions from PFICsand proceeds from dispositions of PFIC stockduring a particular year. Dividends paid byPFICs are not eligible to be taxed at the net capi-tal gains tax rate.

NNeeww YYoorrkk TTaaxx SSttaattuuss.. Under the existingincome tax laws of the State and City of NewYork, your trust will not be taxed as a corporationsubject to the New York state franchise tax or theNew York City general corporation tax. Youshould consult your tax advisor regarding poten-tial foreign, state or local taxation with respect toyour units.

EEXXPPEENNSSEESS

Your trust will pay various expenses to con-duct its operations. The “Fees and Expenses”section for each trust in this prospectus shows theestimated amount of these expenses.

The sponsor will receive a fee from yourtrust for creating and developing the trust,including determining the trust’s objectives,policies, composition and size, selecting serviceproviders and information services and for pro-viding other similar administrative and ministe-rial functions. This “creation and developmentfee” is a charge of $0.05 per unit. The trusteewill deduct this amount from your trust’s assetsas of the close of the initial offering period. Noportion of this fee is applied to the payment ofdistribution expenses or as compensation forsales efforts. This fee will not be deducted fromproceeds received upon a repurchase, redemp-tion or exchange of units before the close of theinitial public offering period.

Your trust will pay a fee to the trustee for itsservices. The trustee also benefits when it holdscash for your trust in non-interest bearingaccounts. Your trust will reimburse us as supervi-sor, evaluator and sponsor for providing portfoliosupervisory services, for evaluating your portfolioand for providing bookkeeping and administrativeservices. Our reimbursements may exceed thecosts of the services we provide to your trust butwill not exceed the costs of services provided to allof our unit investment trusts in any calendar year.All of these fees may adjust for inflation withoutyour approval.

Your trust will also pay its general operatingexpenses. Your trust may pay expenses such astrustee expenses (including legal and auditingexpenses), various governmental charges, fees for


extraordinary trustee services, costs of takingaction to protect your trust, costs of indemnifyingthe trustee and the sponsor, legal fees and expens-es, expenses incurred in contacting you and anyapplicable license fee for the use of certain servicemarks, trademarks and/or trade names. Yourtrust may pay the costs of updating its registrationstatement each year. The trustee will generallypay trust expenses from distributions received onthe securities but in some cases may sell securitiesto pay trust expenses.

EEXXPPEERRTTSS

LLeeggaall MMaatttteerrss.. Chapman and Cutler LLP actsas counsel for your trust and has given an opinionthat the units are validly issued. Dorsey &Whitney LLP acts as counsel for the trustee.

IInnddeeppeennddeenntt RReeggiisstteerreedd PPuubblliicc AAccccoouunnttiinnggFFiirrmm.. Grant Thornton LLP, independent regis-tered public accounting firm, audited the state-ments of financial condition and the portfoliosincluded in this prospectus.

AADDDDIITTIIOONNAALL IINNFFOORRMMAATTIIOONN

This prospectus does not contain all theinformation in the registration statement thatyour trust filed with the Securities and ExchangeCommission. The Information Supplement,which was filed with the Securities and ExchangeCommission, includes more detailed informationabout the securities in your portfolio, investmentrisks and general information about your trust.You can obtain the Information Supplement bycontacting us or the Securities and ExchangeCommission as indicated on the back cover ofthis prospectus. This prospectus incorporates theInformation Supplement by reference (it is legallyconsidered part of this prospectus).


RREEPPOORRTT OOFF IINNDDEEPPEENNDDEENNTT RREEGGIISSTTEERREEDD PPUUBBLLIICC AACCCCOOUUNNTTIINNGG FFIIRRMM

SSppoonnssoorr aanndd UUnniitthhoollddeerrssAAddvviissoorrss DDiisscciipplliinneedd TTrruusstt 11888899

Opinion on the financial statements

We have audited the accompanying statements of financial condition, including the trust portfolio on pages 4, 5, 6, 7,10, 11, 12, 15, 16, 20, 21, 25, 26, 29, 35, 36, 40, 41, 42, 46, 47, 53, 54, 55, 59, 60, 65, 66, 67, 68, 73 and 77, ofAdvisors Disciplined Trust 1889 (the “Trust”) as of August 20, 2018, the initial date of deposit, and the related notes(collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in allmaterial respects, the financial position of the Trust as of August 20, 2018, in conformity with accounting principlesgenerally accepted in the United States of America.

Basis for opinion

These financial statements are the responsibility of Advisors Asset Management, Inc., the Sponsor. Our responsibility isto express an opinion on the Trust’s financial statements based on our audits. We are a public accounting firm registeredwith the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independentwith respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of theSecurities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan andperform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement,whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of itsinternal control over financial reporting. As part of our audits we are required to obtain an understanding of internalcontrol over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internalcontrol over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements,whether due to error or fraud, and performing procedures that respond to those risks. Such procedures includedexamining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our audits alsoincluded evaluating the accounting principles used and significant estimates made by management, as well as evaluatingthe overall presentation of the financial statements. Our procedures included confirmation of cash or irrevocable letterof credit deposited for the purchase of securities as shown in the statements of financial condition as of August 20, 2018by correspondence with The Bank of New York Mellon, Trustee. We believe that our audits provide a reasonable basisfor our opinion.

/s/ GRANT THORNTON LLP

We have served as the auditor of one or more of the unit investment trusts, sponsored by Advisors Asset Management, Inc.and its predecessor since 2003.

Chicago, IllinoisAugust 20, 2018


Advisors Disciplined Trust 1889 Advisors Core Bahl & GaynorEquity Strategy Income Growth Blue Chip

Statements of Financial Condition as of August 20, 2018 Portfolio Portfolio Portfolio

IInnvveessttmmeenntt iinn sseeccuurriittiieessContracts to purchase underlying securities (1)(2) . . . . . . . . . . . . . $ 398,973 $ 180,368 $ 289,606

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 398,973 $ 180,368 $ 289,606

LLiiaabbiilliittiieess aanndd iinntteerreesstt ooff iinnvveessttoorrssLiabilities:

Organization costs (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,955 $ 685 $ 1,419Deferred sales fee (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,386 2,435 3,910Creation and development fee (4) . . . . . . . . . . . . . . . . . . . . . 1,995 902 1,448

9,336 4,022 6,777

Interest of investors:Cost to investors (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 398,973 180,368 289,606Less: initial sales fee (4)(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . - - -Less: deferred sales fee, creation and development fee

and organization costs (3)(4)(5) . . . . . . . . . . . . . . . . . . . . 9,336 4,022 6,777Net interest of investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 389,637 176,346 282,829Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 398,973 $ 180,368 $ 289,606

Number of units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39,897 18,037 28,961

Net asset value per unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9.766 $ 9.777 $ 9.766

Advisors Disciplined Trust 1889 Dividend Dividend The Dow®Advantage Sustainability Value Ten

Statements of Financial Condition as of August 20, 2018 (Continued) Portfolio Portfolio Portfolio


Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 148,603 $ 148,611 $ 148,483


Organization costs (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 728 $ 728 $ 564Deferred sales fee (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,006 2,006 2,004Creation and development fee (4) . . . . . . . . . . . . . . . . . . . . . 743 743 742

3,477 3,477 3,310



Number of units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,860 14,861 14,848


(Continued)

See Notes to Statements of Financial Condition on page 121.



Advisors Disciplined Trust 1889 Energy European InternationalOpportunities Select High 30 Dividend

Statements of Financial Condition as of August 20, 2018 (Continued) Portfolio Portfolio Portfolio


Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 148,624 $ 148,245 $ 148,516



3,477 3,468 3,476



Number of units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,862 14,825 14,852


Advisors Disciplined Trust 1889 Minimum Strategic StrategicVolatility Equity Foundations of High 80 Dividend

Statements of Financial Condition as of August 20, 2018 (Continued) Income Portfolio Growth Portfolio Portfolio


Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 165,201 $ 189,800 $ 148,659



3,865 4,441 3,315



Number of units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,520 18,980 14,866


(Continued)

See Notes to Statements of Financial Condition on page 121.


Tactical Plus UbiquitousAdvisors Disciplined Trust 1889 Closed-End Strategy

Portfolio - Portfolio -Statements of Financial Condition as of August 20, 2018 (Continued) 15 Month 15 Month

IInnvveessttmmeenntt iinn sseeccuurriittiieessContracts to purchase underlying securities (1)(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 148,752 $ 190,078

Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 148,752 $ 190,078


Organization costs (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 565 $ 931Deferred sales fee (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,008 2,566Creation and development fee (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 744 950

3,317 4,447

Interest of investors:Cost to investors (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 148,752 190,078Less: initial sales fee (4)(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . - -Less: deferred sales fee, creation and development fee

and organization costs (3)(4)(5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,317 4,447Net interest of investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145,435 185,631Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 148,752 $ 190,078

Number of units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,875 19,008

Net asset value per unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9.777 $ 9.766

NNootteess ttoo SSttaatteemmeennttss ooff FFiinnaanncciiaall CCoonnddiittiioonn

(1) Aggregate cost of the securities is based on the closing sale price evaluations as determined by the evaluator.

(2) Cash or an irrevocable letter of credit has been deposited with the trustee covering the funds necessary for the purchase of securi-ties in each trust represented by purchase contracts.

(3) A portion of the public offering price represents an amount sufficient to pay for all or a portion of the costs incurred in establishingthe trusts. These costs have been estimated at $0.049 per unit for the Advisors Core Equity Strategy Portfolio, Blue ChipPortfolio, Dividend Advantage Portfolio, Dividend Sustainability Portfolio, Energy Opportunities Portfolio, European SelectPortfolio, International High 30 Dividend Portfolio, Minimum Volatility Equity Income Portfolio, Strategic Foundations ofGrowth Portfolio and Ubiquitous Strategy Portfolio - 15 Month and $0.038 per unit for the Bahl & Gaynor Income GrowthPortfolio, The Dow® Value Ten Portfolio, Strategic High 80 Dividend Portfolio and Tactical Plus Closed-End Portfolio - 15Month. A distribution will be made as of the earlier of the close of the initial offering period or six months following the trust’sinception date to an account maintained by the trustee from which this obligation of the investors will be satisfied. To the extentthe actual organization costs are greater than the estimated amount, only the estimated organization costs added to the publicoffering price will be reimbursed to the sponsor and deducted from the assets of the trust.

(4) The total sales fee consists of an initial sales fee, a deferred sales fee and a creation and development fee. The initial sales fee isequal to the difference between the maximum sales fee and the sum of the remaining deferred sales fee and the total creation anddevelopment fee. The maximum sales fee is 1.85% of the public offering price per unit. The deferred sales fee is equal to $0.135per unit and the creation and development fee is equal to $0.05 per unit.

(5) The aggregate cost to investors includes the applicable sales fee assuming no reduction of sales fees.

ContentsInvestment SummaryA concise description 2 Advisors Core Equityof essential Strategy Portfolioinformation aboutthe portfolio

8 Bahl & Gaynor IncomeGrowth Portfolio

13 Blue Chip Portfolio17 Dividend Advantage Portfolio22 Dividend Sustainability Portfolio27 The Dow® Value Ten Portfolio33 Energy Opportunities Portfolio37 European Select Portfolio43 International High 30

Dividend Portfolio50 Minimum Volatility Equity

Income Portfolio56 Strategic Foundations of

Growth Portfolio61 Strategic High 80 Dividend Portfolio71 Tactical Plus Closed-End

Portfolio - 15 Month74 Ubiquitous Strategy

Portfolio - 15 MonthUnderstanding Your InvestmentDetailed information 78 How to Buy Unitsto help you 81 How to Sell Your Unitsunderstand your 83 Distributionsinvestment 84 Investment Risks

103 Closed-End Funds103 How the Trust Works108 Taxes—Regulated Investment

Companies111 Taxes—Grantor Trusts116 Expenses117 Experts117 Additional Information118 Report of Independent Registered

Public Accounting Firm119 Statements of Financial Condition

Where to Learn MoreYou can contact us for Visit us on the Internetfree information about http://www.AAMlive.comthis and other investments, Call Advisors Asset Management, Inc.including the Information (877) 858-1773Supplement

Call The Bank of New York Mellon(800) 848-6468

Additional InformationThis prospectus does not contain all information filed with the Securitiesand Exchange Commission. To obtain or copy this information includingthe Information Supplement (a duplication fee may be required):

E-mail: [email protected]: Public Reference Section

Washington, D.C. 20549Visit: http://www.sec.gov (EDGAR Database)Call: 1-202-551-8090 (only for information on

the operation of the Public Reference Section)Refer to:

Advisors Disciplined Trust 1889Securities Act file number: 333-224674Investment Company Act file number: 811-21056

ADVISORS CORE EQUITY STRATEGYPORTFOLIO, SERIES 2018-3Q

BAHL & GAYNOR INCOME GROWTHPORTFOLIO, SERIES 2018-3Q

BLUE CHIP PORTFOLIO,SERIES 2018-3Q

DIVIDEND ADVANTAGEPORTFOLIO, SERIES 2018-3Q

DIVIDEND SUSTAINABILITY PORTFOLIO,SERIES 2018-3Q — A HARTFORD

INVESTMENT MANAGEMENTCOMPANY (“HIMCO”) PORTFOLIO

THE DOW® VALUE TENPORTFOLIO, SERIES 2018-3Q

ENERGY OPPORTUNITIESPORTFOLIO, SERIES 2018-3Q

EUROPEAN SELECT PORTFOLIO,SERIES 2018-3Q — A CYRUS J.

LAWRENCE LLC (“CJL”) PORTFOLIO

INTERNATIONAL HIGH 30 DIVIDENDPORTFOLIO, SERIES 2018-3Q

MINIMUM VOLATILITY EQUITY INCOMEPORTFOLIO, SERIES 2018-3Q —

A HARTFORD INVESTMENT MANAGEMENTCOMPANY (“HIMCO”) PORTFOLIO

STRATEGIC FOUNDATIONS OF GROWTHPORTFOLIO, SERIES 2018-3QSTRATEGIC HIGH 80 DIVIDENDPORTFOLIO, SERIES 2018-3QTACTICAL PLUS CLOSED-END

PORTFOLIO - 15 MONTH,SERIES 2018-3Q

UBIQUITOUS STRATEGYPORTFOLIO - 15 MONTH,

SERIES 2018-3Q

PROSPECTUS

AUGUST 20, 2018

Advisors Core Equity Strategy Portfolio, Series 2018-3Q ......236 PTEN Patterson-UTI Energy, Inc....

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