UITs in ML Bond Market
A “How to” Guide
We’re better when we’re connected
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Unit Investment Trusts
Table of Contents
Topic
Page
I.
New Improvements
3
II.
Getting to MLBM
4
III.
Searching Available Offerings
5
IV.
Detailed Trust Information
6
V.
Order Entry
7
VI.
Checking Your Holdings
8
VII. Viewing Upcoming Terminations
9
VIII. Entering Rollovers
10
IX.
Cancel & Modify Orders
11
X.
Existing Functionality
12
XI.
Contact Information
13
Unit Investment Trusts
2
FOR UIT ISSUER & MERRILL LYNCH ADVISOR USE ONLY –
NOT FOR DISTRIBUTION TO THE PUBLIC
Unit Investment Trusts
New Improvements
The UIT platform is migrating to Merrill Lynch Bond Market (MLBM)
− Effective Monday, May 19, 2014, all UIT orders must be entered in MLBM
− Orders entered in PCOE or OCS will not be executed
New and improved functionality will enhance the UIT experience, making it easier for FAs to
build them into their practice. These improvements include:
Viewable
Termination Dates
Search & Filter
Current Offerings
Upcoming
Terminations Screen
Improved Account
Holdings View
Ability to Roll into
Multiple Offerings
Order Blotter &
Cancellation
Unit Investment Trusts
3
FOR UIT ISSUER & MERRILL LYNCH ADVISOR USE ONLY –
NOT FOR DISTRIBUTION TO THE PUBLIC
Unit Investment Trusts
Getting to ML Bond Market
1
In your WMW, click on the Orders tab,
then choose ML Bond Markets
Unit Investment Trusts
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4
In the main Bond Market screen, locate Unit
Investment Trusts in blue
FOR UIT ISSUER & MERRILL LYNCH ADVISOR USE ONLY –
NOT FOR DISTRIBUTION TO THE PUBLIC
Unit Investment Trusts
Searching Available Offerings
NEW
You now have the flexibility to search and filter the full list of offerings based on your own criteria. In addition
to searching by symbol or cusip, here are some new ways to help you narrow down the list:
1) Under Quick Picks, select
popular themes identified
by the UIT Desk
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2
2) Include or exclude certain
Sponsors
3) Choose a theme and
geographic focus using the
Classification boxes
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4
5
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4) Search by term of trust (15
month, 24 month, etc.)
5) Include or exclude UITs of
Closed-End Funds
6) Fixed Income offerings
currently taking indications
of interest show on a
separate tab
Unit Investment Trusts
5
FOR UIT ISSUER & MERRILL LYNCH ADVISOR USE ONLY –
NOT FOR DISTRIBUTION TO THE PUBLIC
Unit Investment Trusts
Detailed Trust Information
NEW
You can view additional details by clicking on the trust name in the Description column.
From the resulting pop-up, you can access the:
1 Fact Sheet
2 Trust Detail Page
3 Prospectus
The Trust Detail Page will re-direct you to the Sponsor microsite for ML Advisors. This site will include
underlying holdings, performance, distribution history, and other relevant details.
Unit Investment Trusts
6
FOR UIT ISSUER & MERRILL LYNCH ADVISOR USE ONLY –
NOT FOR DISTRIBUTION TO THE PUBLIC
Unit Investment Trusts
Order Entry
• The order entry screen now displays additional offering information, saving you the hassle of looking it up
• Required details during order entry haven’t changed, so you’ll already be familiar with the process
NEW
1
Additional offering details include:
1) Full trust name
2) Order minimum
3) Breakpoint schedule
(click on )
5
2
3
4
4) Prior day’s closing price
5) Termination date
UNCHANGED
•
•
BUY orders are entered in
DOLLARS
SELL orders are entered in
UNITS
For Order Entry assistance, call 866 ML
SERVICE and speak “Unit Investment
Trusts”
Unit Investment Trusts
1
2
7
3
FOR UIT ISSUER & MERRILL LYNCH ADVISOR USE ONLY –
NOT FOR DISTRIBUTION TO THE PUBLIC
Unit Investment Trusts
Checking Your Holdings
NEW
1• To view UIT holdings for a particular account, enter the account number in the “Holdings Search” box
(located in the offering search screen)
2• To sell a position, click
from the resulting list of holdings
**To enter a rollover order, see page 10 of this guide**
1
12345678
2
FTDIV22
12345678
SMITH, JOHN
GLBE21
12345678
SMITH, JOHN
RBA8
12345678
SMITH, JOHN
FTDOW13E
12345678
SMITH, JOHN
DDIV132
12345678
SMITH, JOHN
INCAL13F
12345678
SMITH, JOHN
Unit Investment Trusts
8
FOR UIT ISSUER & MERRILL LYNCH ADVISOR USE ONLY –
NOT FOR DISTRIBUTION TO THE PUBLIC
Unit Investment Trusts
Viewing Upcoming Terminations
NEW
The Terminating Trusts screen is where you’ll see all UIT holdings that terminate in the next 30 calendar
days and track the amount you’ve rolled.
• By default, the list will populate with upcoming terminations for both your individual and pool numbers
• You can filter by a particular FA/pool number in the FA# field
• Office Management can view all terminating trusts by branch/wirecall
Click on
to begin the rollover order entry process
SDOW131
20
100%
FICE131
1
20%
CAPS122
5
72%
CSNY20
GEMD4
FTDOW13B
RBPD131
Unit Investment Trusts
9
FOR UIT ISSUER & MERRILL LYNCH ADVISOR USE ONLY –
NOT FOR DISTRIBUTION TO THE PUBLIC
Unit Investment Trusts
Entering Rollovers
NEW
in the Terminating Trusts screen to start the rollover entry process
1• Click on
2• Select a roll candidate from the complete list of available UIT offerings (sorted alphabetically by ML symbol)
3• Enter a percentage to roll, then click
4• Click
(any unrolled units will mature to cash)
to bring up the Order Entry screen, then proceed through the normal order entry process
Unit Investment Trusts
10
FOR UIT ISSUER & MERRILL LYNCH ADVISOR USE ONLY –
NOT FOR DISTRIBUTION TO THE PUBLIC
Unit Investment Trusts
Cancel & Modify Orders
1• Navigate to the Order Blotter from the
NEW
button in the top right
2• If needed, you can filter for specific orders using the search criteria
3• To modify or cancel an order, click on
or
4• Current order status is displayed on the right
12345678912
12345678913
12345678914
Unit Investment Trusts
11
FOR UIT ISSUER & MERRILL LYNCH ADVISOR USE ONLY –
NOT FOR DISTRIBUTION TO THE PUBLIC
Unit Investment Trusts
Existing Functionality
What isn’t changing?
Certain existing UIT functionality that Advisors are accustomed to using will remain in place. You will continue to be able to use
the following features:
Checking holdings in Cross Postings
Click here for a guide to checking your UIT holdings in the cross posting screen
Rollover email notifications
You will still receive rollover emails from UIT-MGT; account numbers are listed toward the bottom of the email
Termination Calendar
The termination calendar will continue to be posted on the UIT website – click here for the 2014 Termination Calendar
Changing your dividend election
You can still change your dividend reinvestment option in the AID Online screen
Support from the Merrill Lynch UIT Desk
The UIT Desk will continue to be available as your primary resource for any UIT-related questions: (212) 449-0199
Unit Investment Trusts
12
FOR UIT ISSUER & MERRILL LYNCH ADVISOR USE ONLY –
NOT FOR DISTRIBUTION TO THE PUBLIC
Unit Investment Trusts
Contact Information
In addition to our own internal Merrill Lynch resources, your Sponsor wholesalers can provide assistance with
entering orders, checking holdings, and any product specific details for their respective UITs:
Merrill Lynch
Sponsors
(866) 606-7220
Order Entry
(866) ML SERVICE
speak “Unit Investment Trusts”
(800) 621-9533
(800) 345-7999
UIT Product Desk
(212) 449-0199
(888) 849-5732
UIT Trade Support
(800) 826-5267
[email protected]
The Logos listed are trademarks of their respective owners and are used for illustrative purposes only and should not be construed as an endorsement or sponsorship or affiliation of Merrill Lynch.
Unit Investment Trusts
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FOR UIT ISSUER & MERRILL LYNCH ADVISOR USE ONLY –
NOT FOR DISTRIBUTION TO THE PUBLIC