Advisors Disciplined Trust 779 targets services for expanding economy

By Toni Weeks

San Diego, Nov. 17 - Advisors Disciplined Trust 779 has registered units of its Strategic Foundations of Growth Portfolio, Series 2011-2, according to an S-6 amendment filed with the Securities and Exchange Commission.

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

The trust seeks to provide capital appreciation by investing in a portfolio of common stocks of companies involved in agriculture, energy, health care, precious metals, potable water, the development and maintenance of infrastructures systems and other related areas that could benefit from the expanding economies of the twenty-first century.

On the trust's inception date, Nov. 17, there was $146,495 of contracts to purchase underlying securities and 14,798 units, each with a public offering price of $10.00 and a net asset value of $9.555. The estimated net annual distributions per unit are $0.0758 for the first year and $0.0742 for the second year.

The units have a maximum sales fee of 3.95%, consisting of a 1% initial sales fee, a 2.35% deferred sales fee and a 0.6% creation and development fee. Reductions in the sales fee are available on a sliding scale down to 2.45% depending on the number of units purchased.

The trust's termination date is Nov. 14, 2013.

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