0002139699 2026-08-04 2026-08-04 false 0002139699 S-6 FT 13187 2026-08-04 <p style="font: bold 11pt/12pt Times New Roman, Times, Serif; margin: 4pt 0 1pt">Objectives.</p> <p style="font: 10pt/11pt Times New Roman, Times, Serif; margin: 0 0 2pt; text-indent: 0.25in"><span style="letter-spacing: -0.05pt">The Trust seeks a high rate of current monthly income, with capital appreciation as a secondary objective. Under normal circumstances, the Trust will invest at least 80% of its assets in closed-end funds.</span></p> <p style="font: bold 11pt/12pt Times New Roman, Times, Serif; margin: 4pt 0 1pt">Portfolio Selection Process.</p> <p style="font: 10pt/11pt Times New Roman, Times, Serif; margin: 0 0 2pt; text-indent: 0.25in"><span style="letter-spacing: -0.05pt">The Trust seeks to provide investors with a high rate of current monthly income by investing across a broad range of high income paying closed-end funds. </span></p> <p style="font: 10pt/11pt Times New Roman, Times, Serif; margin: 0 0 2pt; text-indent: 0.25in"><span style="letter-spacing: -0.05pt">When selecting closed-end funds for this portfolio, we look at several factors including:</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt/11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 2pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 10pt"><span style="letter-spacing: -0.05pt">•</span></td><td><span style="letter-spacing: -0.05pt">Discount: We favor funds which are trading at a discount to net asset value and we favor those which are trading at a greater discount relative to their peers.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 2pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 10pt"><span style="letter-spacing: -0.05pt">•</span></td><td><span style="letter-spacing: -0.05pt">Consistent dividend: We favor funds which have a history of paying a consistent dividend.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 2pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 10pt"><span style="letter-spacing: -0.05pt">•</span></td><td><span style="letter-spacing: -0.05pt">Expense ratio: We favor funds which have a lower than average expense ratio relative to their peers.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 2pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 10pt"><span style="letter-spacing: -0.05pt">•</span></td><td><span style="letter-spacing: -0.05pt">Diversification: We limit exposure to individual fund companies/managers.</span></td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt/11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 2pt"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 10pt"><span style="letter-spacing: -0.05pt">•</span></td><td><span style="letter-spacing: -0.05pt">Liquidity: We favor larger funds and more liquid funds.</span></td></tr></table> <p style="font: 10pt/11pt Times New Roman, Times, Serif; margin: 0 0 2pt; text-indent: 0.25in"><span style="letter-spacing: -0.05pt">While not a part of the Trust’s portfolio selection process, the Trust has exposure to common stocks, floating-rate securities, high-yield securities, investment grade securities, senior loans, covenant-lite loans, foreign securities, depositary receipts and large capitalization companies through the Trust’s investment in the Funds.</span></p> <p style="font: 10pt/11pt Times New Roman, Times, Serif; margin: 0 0 2pt; text-indent: 0.25in"><span style="letter-spacing: -0.05pt">As with any similar investment, there can be no guarantee that the objectives of the Trust will be achieved. See “Risk Factors” for a discussion of the risks of investing in the Trust.</span></p>