EQUITY - THEMATIC PORTFOLIOS Series 2017-1Q, ADT 1770

Advisors Core Equity Strategy Portfolio

TM Morningstar Equity Style Box Investment Objective & Principal Investment Strategy

The Advisors Core Equity Strategy (“ACES”) Portfolio is a unit investment trust (UIT) that seeks above-average total return primarily through capital appreciation by investing in a portfolio of stocks Advisors Asset Management, Inc. (“AAM”) believes can take advantage of the current economic landscape.

Ticketing Information Securities are selected for the portfolio by analyzing factors such as market capitalization, economic sectors, revenues, revenue growth, earnings, earnings growth, balance sheet strength CUSIP (Cash/Reinvest) 00776K107 / 115 Fee-Based CUSIP (Cash/Reinvest) 00776K123 / 131 and valuation. Ticker Symbol ACESSX

+ Essential Information ACES Three-Step Selection Process Unit price at inception (per unit) $10.000 Initial redemption price (per unit) $9.7550 Initial date of deposit 2/21/2017 Portfolio ending date 5/18/2018 Distribution frequency Semi-Annual Est. net annual distribution (per unit)* $0.0978 +As of 2/17/2017 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. 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.

Sales Charges (Based on $10 unit price)++ As a % of $1,000 Amount per Standard Accounts invested 100 units Initial sales fee 1.00% $10.00 Deferred sales fee 1.45% $14.50 Creation & Development fee 0.50% $5.00 Maximum sales fee 2.95% $29.50 As a % of Fee-Based Amount per Fee-Based Accounts Public Offering Price 100 units Maximum sales fee 0.51% $5.00 ++The deferred sales fee is fixed at $0.145 per unit and is paid in three monthly installments beginning June 20, 2017. 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 initial and deferred sales fees may not apply to fee-based accounts.

Sales Charge Volume Discounts+++ If you purchase: Your fee will be: Less than $50,000 2.95% $50,000 - $99,999 2.70% $100,000 - $249,999 2.45% $250,000 - $499,999 2.20% $500,000 - $999,999 1.95% $1,000,000 or more 1.40% +++Sales charges are applied as a percentage of the public offering price per unit. These discounts are only available during the initial offering period. The breakpoints will be adjusted to take into consideration purchase orders stated in dollars which cannot be completely fulfilled due to the requirements that only whole units be issued. See the Page 1 of 4 prospectus for details about sales charge discounts including all available discounts. Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC. Advisors Core Equity Strategy Portfolio Series 2017-1Q, ADT 1770

Portfolio Holdings (as of date of deposit)

Ticker Ticker Ticker Symbol Issue Name Symbol Issue Name Symbol Issue Name Consumer Discretionary - 14.08% Financials (continued...) Information Technology - 19.05% AMZN Amazon.com, Inc. KEY KeyCorp ADBE Adobe Systems, Inc. CMCSA Comcast Corporation LTXB LegacyTexas Financial Group, Inc. GOOGL Alphabet, Inc. CBRL Cracker Barrel Old Country Store, Inc. NDAQ Nasdaq, Inc. AAPL Apple, Inc. PLAY Dave & Buster’s Entertainment, Inc. PPBI Pacific Premier Bancorp, Inc. AVGO Broadcom Limited GME GameStop Corporation RDN Radian Group, Inc. CACI CACI International, Inc. GM General Motors Company RGA Reinsurance Group of America, Inc. CSCO Cisco Systems, Inc. LEA Lear Corporation SYF Synchrony Financial EBIX Ebix, Inc. LAD Lithia Motors, Inc. WAL Western Alliance Bancorp FB Facebook, Inc. MHK Mohawk Industries, Inc. Health Care - 12.97% HRS Harris Corporation Aetna, Inc. PCLN The Priceline Group, Inc. AET LRCX Lam Research Corporation Amgen, Inc. PHM PulteGroup, Inc. AMGN MSFT Microsoft Corporation COO The Cooper Companies, Inc. THO Thor Industries, Inc. ON ON Semiconductor Corporation BCR C.R. Bard, Inc. TJX The TJX Companies, Inc. PANW Palo Alto Networks, Inc. DHR Danaher Corporation ULTA Ulta Beauty, Inc. PFPT Proofpoint, Inc. LLY Eli Lilly & Company Consumer Staples - 6.91% CRM salesforce.com, Inc. Altria Group, Inc. MRK Merck & Company, Inc. MO SLAB Silicon Laboratories, Inc. BG Bunge Limited MMSI Merit Medical Systems, Inc. VNTV Vantiv, Inc. COST Costco Wholesale Corporation NUVA NuVasive, Inc. V Visa, Inc. CVS CVS Health Corporation PINC Premier, Inc. WDC Western Digital Corporation PEP PepsiCo, Inc. Q Quintiles IMS Holdings, Inc. Materials - 2.00% PF Pinnacle Foods, Inc. TMO Thermo Fisher Scientific, Inc. DOW The Dow Chemical Company TSN Tyson Foods, Inc. UNH UnitedHealth Group, Inc. PKG Packaging Corporation of America Energy - 5.99% Industrials - 13.06% Real Estate - 2.98% CRZO Carrizo Oil & Gas, Inc. AYI Acuity Brands, Inc. CBG CBRE Group, Inc. FANG Diamondback Energy, Inc. AL Air Lease Corporation DLR Digital Realty Trust, Inc. HAL Halliburton Company BECN Beacon Roofing Supply, Inc. INN Summit Hotel Properties, Inc. TSO Tesoro Corporation DAL Delta Air Lines, Inc. Telecommunication Services - 3.03% VLO Valero Energy Corporation DLX Deluxe Corporation T AT&T, Inc. WMB The Williams Companies, Inc. FDX FedEx Corporation S Sprint Corporation Financials - 15.99% GD General Dynamics Corporation TMUS T-Mobile US, Inc. AFSI AmTrust Financial Services, Inc. HON Honeywell International, Inc. Utilities - 3.94% BAC Bank of America Corporation LLL L3 Technologies, Inc. AEP American Electric Power Company, Inc. SCHW The Charles Schwab Corporation MTZ MasTec, Inc. DTE DTE Energy Company CB Chubb Limited OC Owens Corning PNM PNM Resources, Inc. EWBC East West Bancorp, Inc. PWR Quanta Services, Inc. UGI UGI Corporation EVR Evercore Partners, Inc. XPO XPO Logistics, Inc. GS The Goldman Sachs Group, Inc. JPM JPMorgan Chase & Company

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Intelligent Investments. Independent Ideas. Advisors Core Equity Strategy Portfolio Series 2017-1Q, ADT 1770

Why Consider the ACES Portfolio?

Asset Allocation

Asset allocation involves dividing an investment portfolio among different asset categories such as stocks, bonds and cash. The process of determining which mix of assets to hold in an investor’s portfolio is a personal decision. The asset allocation that works for each investor at any given time in their life depends largely on their time horizon and ability to tolerate risk. The ACES Portfolio may be appropriate as a core position in the equity allocation portion of an investor’s overall portfolio. Diversification

The practice of spreading money among different investments to reduce risk is known as diversification. By picking the right group of investments, investors may be able to limit their losses and reduce the fluctuations of investment returns without sacrificing too much potential gain.

Additionally, to potentially reduce overall risk in an investment portfolio, it may be prudent to invest in stocks of large-, mid– and small-cap companies that represent both growth and value and that are diversified by several different sectors of the market. In selecting stocks for the ACES Portfolio, we sought to include both growth and value stocks and provide diversification across market capitalization over multiple industry sectors.

There is no assurance that strategies such as asset allocation or diversification will be successful in achieving investment objectives.

Sector Breakdown* Holdings Style Summary* % of Portfolio % of Portfolio Information Technology 19.05% Large-Cap Blend 15.11% Financials 15.99% Large-Cap Growth 18.07% Consumer Discretionary 14.08% Large-Cap Value 13.93% Industrials 13.06% Mid-Cap Blend 11.04% Health Care 12.97% Mid-Cap Growth 10.94% Consumer Staples 6.91% Mid-Cap Value 8.93% Energy 5.99% Small-Cap Blend 7.03% Utilities 3.94% Small-Cap Growth 7.99% Telecommunication Services 3.03% Small-Cap Value 6.96% Real Estate 2.98% Source: Morningstar Materials 2.00% *As of 2/17/2017 and may vary thereafter. Breakdowns are based on the sources shown Source: Global Industrial Classification Standard and may differ from any category definitions used in selecting the trust portfolio.

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Intelligent Investments. Independent Ideas. Advisors Core Equity Strategy Portfolio Series 2017-1Q, ADT 1770

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: 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. Concentration Risk: The risk that the value of your trust is more susceptible to fluctuations based on factors that impact a particular industry because the portfolio concentrates in securities issued by companies within that industry. Dividend Payment Risk: An issuer of a security may be unwilling or unable to pay income on a security. Common stocks do not assure dividend payments and are paid only when declared by an issuer’s board of directors. The amount of any dividend may vary over time. Foreign Securities: Securities of foreign issuers held by the trust 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. Small and Mid-Size Concentration: The trust is considered to be concentrated in securities issued by small and mid-sized companies. These stocks are often more volatile and have lower trading volumes than stocks of larger companies. They may also 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. ©2017 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.

Securities offered 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.

18925 Base Camp Road Monument, CO 80132 www.aamlive.com Follow AAM Live: ©2017 Advisors Asset Management, Inc. Advisors Asset Management, Inc. (AAM) is a SEC registered investment advisor and member FINRA/SIPC. CRN: 2016-0810-5508 R Link 4366

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Intelligent Investments. Independent Ideas.