Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 

Investment Grade Multi-Asset Income, 10-20 Year, 29  Ticker: FWERVX
 
Description
This unit investment trust seeks current income and capital preservation by investing in a fixed portfolio of investment grade corporate bonds and taxable municipal bonds.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: IGMA29
Portfolio Status: Secondary
Initial Offer Date: 07/21/2016
Secondary Date: 08/15/2016
Wtd Avg Maturity: 9.8
ELTR Life: 9.5
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,251.5200
NAV(*): $913.6000
POP(*): Not Avail
PAR(*): $889.4000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/27/2024 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges. The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.

 Income Information
CUSIP Frequency / Distributions Accrued Interest Estimated Annual Income Estimated Current Return Estimated Long Term Return
33740E709 Monthly $2.8200 $48.4600
---
---


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
02364WAJ4 100,000 AMERICA MOVIL SAB DE CV 6.375%, due 03/01/2035  A-   6.37500 03/01/2035M    
02765UEH3 120,000 AMERICAN MUNI PWR-OHIO INC OH TAXABLE-COMB HYDROELEC PROJS-A, 7.734%, due 02/15/2033  A OH 7.73400 02/15/2033M    
038222AK1 135,000 APPLIED MATERIALS INC 5.10%, due 10/01/2035  A   5.10000 10/01/2035M 04/01/2035 100.0000
03937LAA3 127,000 ARCH CAPITAL GROUP LTD 7.35%, due 05/01/2034  A-   7.35000 05/01/2034M    
076725DT4 150,000 BEECH GROVE IN SCH BLDG CORP TAXABLE-REF, 3.90%, due 07/05/2033  AA+ IN 3.90000 07/05/2033M 07/05/2026 100.0000
13063A5E0 100,000 CALIFORNIA ST GO, TAXABLE-BABS-VAR PURP, 7.50%, due 04/01/2034  AA- CA 7.50000 04/01/2034M    
20030NBT7 100,000 COMCAST CORP 3.20%, due 07/15/2036  A-   3.20000 07/15/2036M 01/15/2036 100.0000
386088AH1 110,000 GRAND METROPOLITAN COMPANY GUARNT, 7.45%, due 04/15/2035  A-   7.45000 04/15/2035M    
452024GT3 70,000 ILLINOIS MUN ELEC AGY PWR SPLY REV TAXABLE-BABS, 6.832%, due 02/01/2035  A IL 6.83200 02/01/2035M    
472319AC6 149,000 JEFFERIES GROUP LLC 6.25%, due 01/15/2036  BBB   6.25000 01/15/2036M    
49151E2Q5 175,000 KENTUCKY ST PROPERTY & BLDGS COMMN REV TAXABLE-BABS-PROG NO 95, 6.573%, due 08/01/2029  A KY 6.57300 08/01/2029M    
508655JX6 140,000 LAKE CNTY IL CMNTY UNIT SCH DIST NO 60 QUAL SCH CONST BDS, 4%, due 01/01/2032  AA IL 4.00000 01/01/2032M 01/01/2026 100.0000
540424AP3 130,000 LOEWS CORP 6%, due 02/01/2035  A   6.00000 02/01/2035M    
548661CL9 134,000 LOWE'S COMPANIES INC NT, 5.80%, due 10/15/2036  BBB+   5.80000 10/15/2036M    
314275AC2 150,000 MACYS RETAIL HLDGS INC 6.375%, due 03/15/2037  BB+   6.37500 03/15/2037M    
59156RAM0 130,000 METLIFE INC 5.70%, due 06/15/2035  A-   5.70000 06/15/2035M    
637432CT0 100,000 NATIONAL RURAL UTIL COOP 8%, due 03/01/2032  A-   8.00000 03/01/2032M    
650116BF2 180,000 NEW YORK ST TRANSPRTN DEV CORP TAXABLE-SER B, 3.673%, due 07/01/2030  NR NY 3.67300 07/01/2030M    
68389XAV7 165,000 ORACLE CORP 4.30%, due 07/08/2034  BBB   4.30000 07/08/2034M 01/08/2034 100.0000
747525AJ2 145,000 QUALCOMM INC 4.65%, due 05/20/2035  A   4.65000 05/20/2035M 11/20/2034 100.0000
786005PM4 75,000 SACRAMENTO CA MUNI UTILITY DIST TAXABLE-BABS-SER V, 6.322%, due 05/15/2036  AA CA 6.32200 05/15/2036M    
893526DF7 139,000 TRANSCANADA PIPELINES 5.60%, due 03/31/2034  BBB+   5.60000 03/31/2034M    
91913YAL4 70,000 VALERO ENERGY CORP 6.625%, due 06/15/2037  BBB   6.62500 06/15/2037M    
 
Total Number of Holdings:    23


Risk Considerations

Buy & Hold Risk – Taxable Trusts. 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.

COVID-19 Economic Impact Risk. The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

Emerging Markets Risk. Risks associated with investing in non-U.S. securities may be more pronounced in emerging and developing markets where the securities markets are substantially smaller, less developed, less liquid, less regulated, and more volatile than the U.S. and developed non-U.S. markets.

Foreign Securities Risk. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

Insurance Risks. Certain of the securities in the trust are covered by insurance policies obtained by the issuers or underwriters of the bonds from insurance companies. There can be no assurance that any insurer will be able to satisfy its commitments in the event claims are made in the future.

Municipal Bonds Risk. Municipal bonds are subject to numerous risks, including higher interest rates, economic recession, deterioration of the municipal bond market, possible downgrades and defaults of interest and/or principal.

Municipal Securities Volatility Risk. 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. The markets for credit instruments, including municipal securities, have experienced periods of extreme illiquidity and volatility.

Taxable Bond Risk. Taxable bonds are subject to numerous risks including rising interest rates, economic recession, deterioration of the bond market, possible downgrades, increased volatility, reduced liquidity and defaults of interest and/or principal.

Volatility Risk. 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.

Operational Risk. As the use of Internet technology has become more prevalent in the course of business, the trust has become more susceptible to potential operational risks through breaches in cybersecurity.

Estimated current return is determined by dividing a Trust's estimated net annual interest income per unit by the public offering price per unit. Estimated long-term return is a measure of the estimated return over the estimated life of a Trust. Unlike estimated current return, estimated long-term return reflects maturities, estimated principal prepayments, Trust charges and expenses, and discounts and premiums of securities in a Trust. Returns and prices will fluctuate. Consult a prospectus for a more complete description of the estimated current return and estimated long-term return calculations.

Some of the information may have been obtained from third parties, including ratings from credit ratings agencies such as Standard & Poor's. Reproduction and distribution of third party content in any form is prohibited except with the prior written permission of the related third party. Third party content providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such content. THIRD PARTY CONTENT PROVIDERS GIVE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. THIRD PARTY CONTENT PROVIDERS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPESATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, OR LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS) IN CONNECTION WITH ANY USE OF THEIR CONTENT, INCLUDING RATINGS. Credit ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the suitability of securities or the suitability of securities for investment purposes, and should not be relied on as investment advice. Please see the prospectus for a full description of the bond ratings.

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

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
33740E709 (Cash)
33740E717 (Cash-Wrap)
Printer Friendly Page Printer Friendly Page

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.