Advisors Disciplined Trust 831 offers Global Basic Materials units

By Tali David

Minneapolis, March 16 - Advisors Disciplined Trust 831 is offering units of Global Basic Materials Portfolio, Series 2012-1, according to an S-6 filed with the Securities and Exchange Commission.

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

The trust seeks to provide dividend income and capital appreciation by investing in a diversified portfolio of common stocks of foreign and domestic companies within the basic materials sector.

On March 16, the trust's inception date, $148,590 of contracts to purchase securities comprised the trust. The 15,009 units have an initial offering price of $10 and a net asset value of $9.555 each. The estimated net annual distribution per unit is $0.2509 for the first year and $0.246 for the second year.

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 fee may be reduced on a sliding scale to 2.45% depending on the number of units purchased.

The trust has a mandatory termination date of March 14, 2014.

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