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American Agenda, Series 1

During his campaign, President Trump placed an emphasis on policies designed to stimulate job creation and economic growth. Prudent investors know there is a significant difference between what is said in campaign speeches and what a new administration accomplishes once elected. We can get some indication as to which of the campaign promises the new administration intends to prioritize by looking at what has been said since the election and who the President has chosen for his cabinet and top advisors. In considering the team the President has selected and the focus of his efforts in his early days in the Oval Office, several themes have emerged:

Portfolio Objective

This unit investment trust seeks above-average capital appreciation; however, there is no assurance the objective will be met.

Repatriation Of Funds| In financial terms, repatriation is the process of converting a foreign currency into the currency of one's own country. President Trump wants American companies to bring trillions of dollars in offshore cash back to the U.S. in hopes that the money be used to fund a manufacturing renaissance in the U.S.1

Lower Corporate Tax Rates | One of the President's plans is to reduce the U.S. corporate tax rate, which is one of the highest in the world. A lower tax rate could encourage companies to repatriate some of the profits they've kept abroad. Lower corporate taxes also have the potential to encourage investment and hiring, and may give companies the ability to increase dividends and buy back shares.

Business Friendly Regulatory Environment | In an effort to make America more business friendly, President Trump seeks to make vast cuts in regulations for corporate America. He believes that the economy will grow at a faster pace if businesses are freed from the long arm of the government.2

U.S. Energy Independence | The Trump Administration is committed to energy policies that lower costs and free us from dependence on foreign oil.3 According to a 2017 report released by the U.S. Energy Administration, the U.S. has the potential to become a net energy exporter by 2026.

U.S. Manufacturing | President Trump recently announced the creation of a Manufacturing Jobs Initiative. The President will meet with business leaders seeking information and perspectives on how to best promote job growth and get Americans back to work again.4

The American Agenda Portfolio is a unit investment trust which invests in 30 companies with a significant presence in the U.S. that we believe will benefit if the policies being proposed by the new administration are enacted.

1 Bloomberg
2 The New York Times
3,4 Whitehouse.gov

Not FDIC Insured • Not Bank Guaranteed • May Lose Value

You should consider the portfolio's investment objectives, risks, and charges and expenses carefully before investing. Contact your financial advisor or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the portfolio. Read it carefully before you invest.

Risk Considerations:

An investment in this unmanaged unit investment trust should be made with an understanding of the risks involved with owning common stocks, such as an economic recession and the possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of the stock market.

An investment in a portfolio containing small-cap and mid-cap companies is subject to additional risks, as the share prices of small-cap companies and certain mid-cap companies are often more volatile than those of larger companies due to several factors, including limited trading volumes, products, financial resources, management inexperience and less publicly available information.

An investment in foreign equities should be made with an understanding of the additional risks involved with foreign issuers, such as currency fluctuations, political risk, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers.

 
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