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Investment Grade Multi-Asset Income, Long-Term, 28  Ticker: FBWORX
 
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: MALT28
Portfolio Status: Secondary
Initial Offer Date: 10/19/2017
Secondary Date: 02/28/2018
Wtd Avg Maturity: 19.2
ELTR Life: 18.7
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,198.1800
NAV(*): $904.2000
POP(*): Not Avail
PAR(*): $937.3000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/28/2024 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
33739U581 Monthly $2.9100 $45.6000
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 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
02361DAM2 105,000 AMEREN ILLINOIS CO 4.80%, due 12/15/2043  A   4.80000 12/15/2043M 06/15/2043 100.0000
02765UEJ9 95,000 AMERICAN MUNI PWR-OHIO INC OH TAXABLE-BABS-COMB HYDROELEC PROJS, 7.834%, due 02/15/2041  A OH 7.83400 02/15/2041M    
20030NBQ3 130,000 COMCAST CORP 4.60%, due 08/15/2045  A-   4.60000 08/15/2045M 02/15/2045 100.0000
37045VAL4 100,000 GENERAL MOTORS CO 6.75%, due 04/01/2046  BBB   6.75000 04/01/2046M 10/01/2045 100.0000
375558BD4 25,000 GILEAD SCIENCES INC 4.75%, due 03/01/2046  BBB+   4.75000 03/01/2046M 09/01/2045 100.0000
412822AE8 135,000 HARLEY-DAVIDSON INC 4.625%, due 07/28/2045  BBB-   4.62500 07/28/2045M 01/28/2045 100.0000
482092DS9 90,000 JURUPA CA CMNTY SVCS DIST CTFS PARTN TAXABLE-BABS-SER B, 7%, due 09/01/2040  AA CA 7.00000 09/01/2040M    
483890RY7 165,000 KANE CNTY IL SCH DIST 129 TAXABLE, 4.21%, due 02/01/2042  AA IL 4.21000 02/01/2042M    
548661DJ3 120,000 LOWE'S COS INC 4.375%, due 09/15/2045  BBB+   4.37500 09/15/2045M 03/15/2045 100.0000
593563AC3 95,000 MIAMI GARDENS FL CTFS PARTN TAXABLE-BABS, 7%, due 06/01/2040  A FL 7.00000 06/01/2040M    
59334PDA2 115,000 MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REV TAXABLE-BABS-SER B, 5.624%, due 07/01/2040  AA FL 5.62400 07/01/2040M    
607767AA8 90,000 MODESTO CA IRR DIST FING AUTH ELEC SYS REV TAXABLE-BABS-SER A, 7.204%, due 10/01/2040  A+ CA 7.20400 10/01/2040M    
61945CAE3 100,000 MOSAIC CO 5.625%, due 11/15/2043  BBB   5.62500 11/15/2043M 05/15/2043 100.0000
655664AR1 165,000 NORDSTROM INC 5%, due 01/15/2044  BB+   5.00000 01/15/2044M 07/15/2043 100.0000
62952EAE7 170,000 NYU HOSPITALS CENTER 4.368%, due 07/01/2047  A+   4.36800 07/01/2047M 01/01/2047 100.0000
674599CF0 125,000 OCCIDENTAL PETROLEUM CORP 4.625%, due 06/15/2045  BB+   4.62500 06/15/2045M 12/15/2044 100.0000
718172BD0 125,000 PHILIP MORRIS INTL INC N/C, 4.875%, due 11/15/2043  A-   4.87500 11/15/2043M    
747525AK9 105,000 QUALCOMM INC 4.80%, due 05/20/2045  A   4.80000 05/20/2045M 11/20/2044 100.0000
828807CZ8 65,000 SIMON PROPERTY GROUP LP 4.25%, due 11/30/2046  A-   4.25000 11/30/2046M 05/30/2046 100.0000
907818DU9 110,000 UNION PACIFIC CORP 4.75%, due 12/15/2043  A-   4.75000 12/15/2043M 06/15/2043 100.0000
92778LBL3 115,000 VIRGINIA ST CMWLTH UNIV HLTH SYS AUTH TAXABLE, 4.956%, due 01/01/2044  AA- VA 4.95600 01/01/2044M    
940839BM4 90,000 WASHOE CNTY NV HIGHWAY REVENUE TAXABLE-BABS, 7.969%, due 02/01/2040  AA NV 7.96900 02/01/2040M    
940855BU2 140,000 WASHOE CNTY NV SALES TAX REVENUE TAXABLE-BAMS, 7.451%, due 02/01/2040  AA NV 7.45100 02/01/2040M    
384802AB0 90,000 WW GRAINGER INC 4.60%, due 06/15/2045  A+   4.60000 06/15/2045M 12/15/2044 100.0000
 
Total Number of Holdings:    24


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.

Consumer Products Risk. The companies engaged in the consumer products sector are subject to global competition, changing government regulations and trade policies, currency fluctuations, and the financial and political risks inherent in producing products for foreign markets.

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.

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.

Investment Grade Bonds Risk. Investment grade securities are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade security market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

Small-Cap and Mid-Cap Risk. 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.

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
33739U581 (Cash)
33739U599 (Cash-Wrap)
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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.
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