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FT 3354 offers Market Strength Allocation Select Portfolio units
By Tali David
Minneapolis, Feb. 10 - FT 3354 is offering units of its Market Strength Allocation Select Portfolio, Series 4, according to an S-6 amendment filed with the Securities and Exchange Commission.
The depositor is Wheaton, Ill.-based First Trust Portfolios LP.
The trust seeks above-average capital appreciation by investing in a diversified portfolio of common stocks of undervalued companies that exhibit financial strength from five market segments. Those segments are capital strength, dividend strength, SMid strength, international strength and emerging markets strength.
On Feb. 10, the initial date of deposit, $245,539 of contracts to purchase securities comprised the trust. The 24,802 units have an initial offering price of $10 and a net asset value of $9.576 each. The estimated net annual distribution per unit is $0.1693 for the first year and $0.1675 for subsequent years.
The units will each carry a maximum sales charge of 3.95%, consisting of a 1% initial sales charge, a 2.45% deferred sales charge and a 0.5% creation and development fee. The fee may be reduced on a sliding scale to 2.45% depending on the amount of investment.
The trust has a mandatory termination date of Feb. 10, 2014.
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