EQUITY - SECTOR/INDUSTRY FOCUS

Series 2018-2, ADT 1866

Aerospace/Defense Opportunities Portfolio

Fee-Based CUSIP (Cash/Reinvest) Ticker Symbol

Ticketing Information

00778N125 / 133 ASDALX

Unit price at inception (per unit) Initial redemption price (per unit) Initial date of deposit Portfolio ending date Distribution frequency Est. net annual dist per unit (1st year)*

Est. net annual dist per unit (2nd year)*

Essential Information+

$9.7750 $9.7750 5/8/2018 5/7/2020

Semi-annual, if any $0.0610 $0.0604

+As of 5/7/2018 and may vary thereafter. *The estimate is generally based on the estimate of dividends the trust will receive by annualizing the most recent dividend declared. The per unit estimate will vary with changes in fees and expenses, actual dividends received and with the sales of securities. The distributions are expected to decrease in the subsequent year as a result of organizational costs, creation and development fee, and deferred sales charges. There is no guarantee that the issuers of the securities included in the trust will declare distributions in the future or that, if declared, will remain at current levels or increase over time.

Morningstar Equity Style Box TM

Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.

++All amounts are as of 5/7/2018 and may vary thereafter. The Creation & Development Fee is fixed at $0.05 per unit and is paid at the end of the initial offering period (anticipated to be approximately three months). The Organization Costs are fixed at $0.049 per unit and are paid at the end of the initial offering period or after six months, if earlier. The above table is for illustrative purposes only to illustrate how estimated trust fees and expenses translate on an annualized basis. The above does not reflect the amount or how all fees and expenses will actually be paid. You should consult the prospectus for a full description of applicable sales charges and expenses of the trust, including those applicable to purchasers eligible for the fee-based account discount. The one-time charges shown (the Creation & Development Fee and Organization Costs) are paid on a one-time basis as described and are not actually amortized over the life of the trust. The amount shown for “Amortized One-Time Charges” are calculated by taking the one-time dollar amounts and dividing them by the anticipated life of the based on the trust’s inception date and mandatory termination date. The “Estimated Average Amortized Annual Expenses” is taken by adding the “Amortized One-Time Charges” amount and “Estimated Annual Operating Expense” amounts.

Fee-Based Accounts Sales Charge and Expenses (Based on initial Fee-Based Account unit price of $9.775)++

As % of Fee-Based

Public Offering Price

Amount per unit (based on

initial unit price)

Creation & Development Fee 0.51% $0.050

Organizational Costs + 0.50% $0.049

Total One-Time Expense 1.01% $0.099

Divided by Term of Trust equals Amortized One-Time Charges

÷ 2 years ÷ 2 years

Amortized One-Time Charges 0.51% $0.050

Estimated Annual Operating Expense

+ 0.34% + $0.033

Estimated Average Amortized Annual Expenses

0.84% $0.082

Fee-Based Account UIT Fact Card

FOR USE ONLY WITH INVESTOR ACCOUNTS ELIGIBLE FOR THE “FEE-BASED ACCOUNT” SALES CHARGE DESCRIBED ON PAGE 4 Page 1 of 4

Investment Objective & Strategy

The Aerospace/Defense Opportunities Portfolio is a unit investment trust that invests in a portfolio of

common stocks of companies involved in various aspects of the Aerospace and Defense industry.

The securities are selected by Eugene E. Peroni, Jr. of Peroni Portfolio Advisors, Inc., the Portfolio

Consultant, through the application of his proprietary method of technical analysis, the Peroni

Method®, with consideration of equity investment opportunities within this investment theme.

Why Now?

Geopolitical events continue to make headlines across the globe putting increasing focus on home-

land security. According to U.S. Military Budget figures, in the United States alone military spending

is currently greater than Medicare and the three largest departments combined: Health and Human

Services, Education, and Housing and Urban Development. The Aerospace/Defense Opportunities

Portfolio strives to take advantage of the longer-term leadership of this industry which may continue

to benefit from the heightened tensions surrounding the concerns of global terrorism and military

build-ups both in the U.S. and abroad.

Page 2 of 4

Aerospace/Defense Opportunities Portfolio

Intelligent Investments. Independent Ideas.

FOR USE ONLY WITH INVESTOR ACCOUNTS ELIGIBLE FOR THE “FEE-BASED ACCOUNT” SALES CHARGE DESCRIBED ON PAGE 4

Series 2018-2, ADT 1866 Fee-Based Account UIT Fact Card

Intelligent Investments. Independent Ideas.

Page 2 of 4

Ticker Symbol

Issue Name

Market Value Per Share*

Industrials (83.38%)

AIR AAR Corporation $45.32

AJRD Aerojet Rocketdyne Holdings, Inc. 25.83

ATRO Astronics Corporation 36.50

BAESY BAE Systems PLC 33.93

BA The Boeing Company 340.43

CAE CAE, Inc. 18.84

CUB Cubic Corporation 69.20

CW Curtiss-Wright Corporation 126.44

GD General Dynamics Corporation 196.45

HRS Harris Corporation 149.88

HEI HEICO Corporation 90.58

HXL Hexcel Corporation 67.74

HON Honeywell International, Inc. 144.16

HII Huntington Ingalls Industries, Inc. 215.84

KAMN Kaman Corporation 62.08

LLL L3 Technologies, Inc. 188.40

LMT Lockheed Martin Corporation 317.71

MOG/A Moog, Inc. 82.59

NOC Northrop Grumman Corporation 317.13

RTN Raytheon Company 205.17

SAFRY Safran SA 29.26

SPR Spirit AeroSystems Holdings, Inc. 83.52

TDY Teledyne Technologies, Inc. 195.22

TXT Textron, Inc. 63.88

TDG TransDigm Group, Inc. 329.11

Information Technology (13.31%)

CACI CACI International, Inc. 157.90

CYBR CyberArk Software Limited 57.06

FLIR FLIR Systems, Inc. 54.44

PFPT Proofpoint, Inc. 124.43

Materials (3.31%)

BLL Ball Corporation 38.22

% of Portfolio

Industrials 83.38%

Capital Goods 83.38%

Information Technology 13.31%

Software & Services 9.98%

Technology Hardware & Equipment 3.33%

Materials 3.31%

Materials 3.31%

Sector/Industry Group Breakdown*

Source: Global Industrial Classification Standard (GICS)

Source: Morningstar *As of 5/7/2018 and may vary thereafter. Breakdowns are based on the sources shown and may differ from any category definitions used in selecting the trust portfolio.

Holdings Style Summary*

Portfolio Holdings (as of date of deposit)

% of Portfolio

Large-Cap Growth 10.08%

Large-Cap Blend 23.39%

Mid-Cap Growth 19.94%

Mid-Cap Value 6.62%

Mid-Cap Blend 16.60%

Small-Cap Growth 13.36%

Small-Cap Blend 10.01%

Intelligent Investments. Independent Ideas.

Page 3 of 4 FOR USE ONLY WITH INVESTOR ACCOUNTS ELIGIBLE FOR THE “FEE-BASED ACCOUNT”

SALES CHARGE DESCRIBED ON PAGE 4

Aerospace/Defense Opportunities Portfolio Series 2018-2, ADT 1866 Fee-Based Account UIT Fact Card

Key Points to Consider

The Peroni Method®

The Peroni Method® is a proprietary form of technical analysis used by Eugene E. Peroni, Jr. of Peroni Portfolio Advisors, Inc. which uses a bottom-up approach in

selecting stocks for certain AAM sector unit investment trusts. The foundation of this methodology is the basic understanding that every stock has its own

“fingerprint” in the market place. Mr. Peroni tracks hundreds of stocks on a daily basis, identifying leading stocks and sectors in the market by analyzing price

movements, money flow trends, and relative strength characteristics. His studies include the examination of a stock’s price architecture using hand-drawn point and

figure charts which have been part of the methodology for over half a century.

This hands-on research approach may be an attractive investment alternative to traditional fundamental analysis in that it considers a stock’s individual technical

merits along with economic, monetary and geopolitical factors. The Peroni Method® may uncover emerging trends that could correspond to future stock

performance. It has endured volatile markets while providing investors with uncommon insights and unique investment opportunities.

• With the United States being the largest supplier of defense equipment and commercial jets, there is little doubt that the U.S. aerospace and defense industry

may be the greatest beneficiary. Widespread geopolitical tensions have been a key source of demand growth for U.S. defense contractors for the last many

years with the advent of innovative technologies in warfare and their increased application driving overall revenue growth in the industry. In addition, rapid

growth in commercial passenger and freight traffic has been boosting the production rates of commercial jets. Looking at the big picture, the U.S. aerospace

and defense industry is a direct beneficiary of a volatile and uncertain geopolitical global backdrop, characterized by terrorist threats, civil wars and border

disputes; and increased routes for travelers, as well as trade activity, are fueling air traffic growth.1

• Global defense spending is forecast to reach $1.67 trillion in 2018, the highest level since the end of Cold War, according to a defense study released in late

2017. IHS Markit's Jane's Defense Budgets Report forecasts annual global defense spending would represent a 3.3% increase over 2017, or the fastest

growth rate in a decade. According to the report, the growth in global defense spending is expected to be fueled in large part by a potential 4.7% rise to the

U.S. Department of Defense's budget planned in fiscal 2018. Also, IHS Jane's said U.S. defense spending — about 40% of all global defense expenditures

— is poised to show its largest year-over-year growth since 2008. "The increased funding will go toward fixing readiness and training issues that are largely

the result of sequestration cuts." President Donald Trump signed the National Defense Authorization Act which authorizes nearly $700 billion for national

defense spending in fiscal 2018. The U.S. is devoting more military spending to such things as ballistic missile defense, shipbuilding and space-based

systems.2

• Escalating geo-political tensions, international terrorist acts threatening the security of nations and intra-national conflicts giving rise to many civil wars have

created an opportunity for defense contractors. This, in turn, has given a boost to the outlook for the aerospace and defense industry. Given its enormity in

terms of economic growth, the U.S. comprises, by far, the largest market for defense equipment, systems and services in the world. Primarily, factors like a

growing international market for weaponries with more developing nations expanding their defense spending, the advent of innovative technologies in warfare

and their increasing application, as well as increased demand for cost-efficient production, are driving revenue growth in U.S. Aerospace.3

• The importance of the aerospace and defense industry stems from the strategic role it plays in our country’s security. As threats turn into ever new shapes,

the defense capabilities of a country need to morph accordingly to contain them. A politically unstable world has led to various nations stepping up their

defense capabilities. The direct beneficiaries of a volatile geo-economy are undoubtedly the aerospace and defense players. Countries allied to U.S. policy

are spending substantially on sophisticated artillery to wage the war on terror and sectarian forces. Moreover, the aerospace and defense industry has gained

from fleet renewals at airlines worldwide. Demand for more fuel-efficient aircraft, a growing international market and increasing application of unmanned

aircraft in warfare today have driven up sales in this sector.4

1 Zacks, Aerospace & Defense Industry Outlook-March 2018, March 22, 2018

2 CNBC, Global defense spending to reach levels not seen since end of Cold War, says report, December 18, 2017

3 Zacks Equity Research, Aerospace and Defense Industry Outlook, July 31, 2017

4 Zacks, Aerospace & Defense Stock Outlook-August 2016, August 4, 2016

Aerospace/Defense Opportunities Portfolio

Intelligent Investments. Independent Ideas.

Page 4 of 4

Gene Peroni - In The Media

Unit Investment Trusts (UITs) are sold only by prospectus. You should consider the trust’s investment objectives, risks, charges and expenses carefully before investing. Contact your financial professional or visit Advisors Asset Management online at www.aamlive.com/uit to obtain a prospectus, which contains this and other information about the trust. Read it carefully before you invest. Risks and Considerations: Unit values will fluctuate with the portfolio of underlying securities and may be worth more or less than the original purchase price at the time of redemption. There is no guarantee that the objective of the portfolio will be achieved. Additionally, the trust may terminate earlier than the specific termination date as stated in the prospectus. Consult your tax advisor for possible tax consequences associated with this investment. An investment in this unmanaged unit investment trust should be made with an understanding of the risks associated therewith that includes, but is not limited to: Aerospace and Defense Industry and Industrials Concentration: The trust is considered to be concentrated in securities issued by industrials companies and companies in the aerospace and defense industry. Negative developments impacting companies in these sectors will affect the value of your investment more than would be the case in a more diversified investment. Common Stock: An investment in common stocks should be made with an understanding of the various risks of owning common stock, such as an economic recession and the possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of the stock market. Dividend Payment Risk: Dividends are not guaranteed and a company’s future abilities to pay dividends may be limited. Moreover, it should be clear that a company currently paying dividends may cease paying dividends at any time. Foreign Securities: Securities of foreign issuers present risks beyond those of U.S. issuers. These risks may include market and political factors related to the issuer’s foreign market, international trade conditions, less regulation, smaller or less liquid markets, increased volatility, differing accounting practices and changes in the value of foreign currencies. Long-Term Strategy: The UIT matures in 15 months and, as such, investors should consider their ability to reinvest any proceeds in a subsequent UIT, if available, with a like or differing strategy, at the applicable sales charge. Peroni Method®: The Peroni Method® may not identify stocks that will satisfy the trust’s investment objective. Small & Mid-Size Companies: The trust is considered to be concentrated in securities issued by small and mid-size companies. These stocks are often more volatile and have lower trading volumes than stocks of larger companies. Small and mid-size companies may have limited products or financial resources, management inexperience and less publicly available information. The Morningstar Equity Style Box™: This table provides a graphical representation of the investment style of a trust based on holdings as of the date of deposit which may vary thereafter. The Morningstar Equity Style Box™ placement is based on the Morningstar market capitalization classification (determined relative to other stocks in the same geographic area) of the stocks in the trust's portfolio (vertical axis), and by comparing the growth and value characteristics of the stocks in the trust's portfolio with growth and value factors developed by Morningstar (horizontal axis). Value, blend and growth are types of investment styles. Growth investing generally seeks stocks that offer the potential for greater-than-average earnings growth, and may entail greater risk than value or blend investing. Value investing generally seeks stocks that may be sound investments but are temporarily out of favor in the marketplace, and may entail less risk than growth investing. A blended investment combines the two styles. ©2018 Morningstar, Inc. All Rights Reserved. The information contained herein relating to the Morningstar Equity Style Box™: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. For Use Only with Eligible Fee-Based Account Investors: During the trust’s initial offering period, investors who purchase units through registered investment advisers, certified financial planners or registered broker-dealers who in each case either charge investor accounts periodic fees for brokerage services, financial planning, investment advisory or asset management services, or provide such services in connection with an investment account for which a comprehensive “wrap fee” charge is imposed may be eligible to purchase units of the trust in fee-based accounts that are not subject to the transactional sales fee but will be subject to the creation and development fee that is collected by the sponsor (i.e. the “Fee-Based Account” sales charge). You should consult your financial advisor to determine whether you can benefit from these accounts and whether your unit purchases are eligible for this discount. To purchase units in these accounts, your financial advisor must purchase units designated with one of the Fee Account CUSIP numbers, if available. The amounts shown are different from what would be applicable for units purchased in other accounts (i.e. commission-based accounts) not eligible for this discount. See your prospectus and consult your financial advisor for more information about eligibility and applicability of the fee-based account discount. This communication may only be used with investors that are eligible for this discount.

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity within the meaning of the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisers.

Securities are available through your financial professional. Not FDIC Insured. Not Bank Guaranteed. May Lose Value. For informational purposes only and not a recommendation to purchase or sell any security.

©2018 Advisors Asset Management Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC.

18925 Base Camp Road | Monument, CO 80132 | www.aamlive.com | CRN: 2017-0217-5822 R

FOR USE ONLY WITH INVESTOR ACCOUNTS ELIGIBLE FOR THE “FEE-BASED ACCOUNT” SALES CHARGE

Series 2018-2, ADT 1866 Fee-Based Account UIT Fact Card

Gene regularly appears on CNBC, Bloomberg Radio, CBS RadioNetwork, Fox Business Network,

MarketWatch, Nightly Business Report and Wall Street Journal Radio. He has been quoted in publications

such as The Wall Street Journal, The New York Times, U.S. News and World Report, Investors Business

Daily and Forbes. In addition, Gene produces a daily stock market commentary available in a concise, easily

accessible podcast.