Advisors Disciplined Trust 766 registers series 2011-4Q units

By Toni Weeks

San Diego, Oct. 19 - Advisors Disciplined Trust 766 has registered units of its 15-month series 2011-4Q portfolio, according to a form S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Monument, Colo.-based Advisors Asset Management, Inc.

The trust seeks high current income with capital appreciation as a secondary objective by investing in a portfolio primarily consisting of common stock of closed-end management companies.

The final step of the securities selection process favors funds that trade at a discount relative to their peers and to their historic average, possess a history of consistent and competitive dividends and have an above average history of performance based on net asset value when compared to their peers and a relevant benchmark. About 26.68% of the portfolio consists of funds classified as non-diversified under the Investment Company Act of 1940.

As of Oct. 19, the trust's principal amount is $150,638, which consists of 15,216 units, each priced at $10.00 and with a net asset value of $9.655. The termination date is Jan. 11, 2013, and the estimated net annual distribution is $0.8694 per unit.

The units have a maximum total sales fee of 2.95%. The fee will decrease on a sliding scale to 1.4% as the size of the investment increases.

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