Advisors Disciplined Trust 803 offers Global Gold Income units

By Tali David

Minneapolis, Jan. 24 - Advisors Disciplined Trust 803 is offering units of its Global Gold Income Portfolio, Series 2012-1Q, 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 income and limited capital appreciation by investing in a portfolio primarily consisting of common stock of foreign and domestic companies involved in aspects of the gold industry, shares of exchange-traded funds seeking to invest primarily in companies involved in aspects of the gold industry and U.S. Treasury obligations.

On Jan. 24, the trust's inception date, $679,751 of contracts to purchase securities comprised the trust. The 60,710 units have an initial offering price of $10 and a net asset value of $9.555 each.

Each unit carries a maximum sales fee of 3.95%, which is comprised of an initial sales fee of 1%, a deferred sales fee of 2.45% and a creation and development fee of 0.5%. The sales charge may be reduced on a sliding scale to 2.45% based on the amount of the investment.

The trust has a mandatory termination date of Jan. 22, 2014.

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