Advisors Disciplined Trust 800 invests in Ginnie Mae securities

By Toni Weeks

San Diego, Jan. 20 - Advisors Disciplined Trust 800 is offering units of its GNMA Advantage Income Portfolio, Series 17, according to an S-6 amendment with the Securities and Exchange Commission.

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

The trust seeks to provide monthly distributions of interest income by investing in a portfolio of mortgage-backed securities representing pools of mortgages guaranteed by Ginnie Mae, the Government National Mortgage Association. The trust will purchase Ginnie Mae securities with maturities ranging from 2040 to 2042.

On Jan. 20, the trust's inception date, $218,898 of contracts to purchase securities comprised the trust. The 20,000 units each have an initial offering price of $11.0993, of which $10.00 represents the principal amount of securities, and a net asset value of $10.5299. The estimated current return is 3.86%, and the estimated long-term return is 1.03%.

Each unit carries a maximum sales fee of 4.95%, which is comprised of an initial sales fee of 1.39%, a deferred sales fee of 3.11% and a creation and development fee of 0.45%. The sales charge may be decreased to 1.95% on a sliding scale based on the amount of the investment.

The estimated average life of the securities is 4.82 years.

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