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Senior Loan and Dividend Growers, 14  Ticker: FRHKMX
 
Description
This unit investment trust invests in common stocks of companies with a history of dividend growth and the capacity to increase their dividends over time, as well as closed-end funds and exchange-traded funds which invest in senior loan floating rate securities. The portfolio seeks to provide current monthly income and capital appreciation.
 
Summary
Product Code: SLDV14
Portfolio Status: Secondary
Initial Offer Date: 04/27/2017
Secondary Date: 07/27/2017
Portfolio Ending Date: 04/26/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.8456
POP(*): $10.1974
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 11/22/2017 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.

 Estimated Net Annual Distribution Per Unit
Estimated Net Annual Distribution Per Unit * $0.3556
As of 11/20/2017
* The estimates are based on annualizing the most recent dividends declared by the issuers of the securities included in the portfolio. There is no guarantee that the issuers of the securities included in the portfolio will declare distributions in the future or that, if declared, they will either remain at current levels or increase over time.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 SPDR Blackstone/GSO Senior Loan ETF SRLN 6.02%
 First Trust Senior Loan Fund FTSL 6.00%
 PowerShares Senior Loan Portfolio BKLN 5.99%
 Highland/iBoxx Senior Loan ETF SNLN 5.93%
 Blackstone/GSO Long-Short Credit Income Fund BGX 4.67%
 Nuveen Floating Rate Income Fund JFR 4.54%
 Invesco Dynamic Credit Opportunities Fund VTA 4.52%
 Voya Prime Rate Trust PPR 4.50%
 Nuveen Credit Strategies Income Fund JQC 4.42%
 The Boeing Company BA 2.80%
 Wal-Mart Stores, Inc. WMT 2.46%
 Valero Energy Corporation VLO 2.42%
 Marathon Petroleum Corporation MPC 2.41%
 BlackRock, Inc. BLK 2.40%
 Texas Instruments Incorporated TXN 2.34%
 Intel Corporation INTC 2.33%
 Packaging Corporation of America PKG 2.30%
 Lockheed Martin Corporation LMT 2.27%
 Carnival Corporation CCL 2.15%
 Johnson & Johnson JNJ 2.14%
 DowDuPont Inc. DWDP 2.12%
 Cisco Systems, Inc. CSCO 2.11%
 Cummins Inc. CMI 2.09%
 Wyndham Worldwide Corporation WYN 2.07%
 PepsiCo, Inc. PEP 1.98%
 Amgen Inc. AMGN 1.98%
 Prudential Financial, Inc. PRU 1.95%
 Wells Fargo & Company WFC 1.92%
 Edison International EIX 1.92%
 Eaton Corporation Plc ETN 1.91%
 International Business Machines Corporation IBM 1.86%
 Genuine Parts Company GPC 1.79%
 PacWest Bancorp PACW 1.70%
 CVS Health Corporation CVS 1.67%
 
Total Number of Holdings:    34
Underlying Securities information represented above is as of 11/22/2017 but will vary with future fluctuations in the market.

Risk Considerations

Equity Risk. An investment in a portfolio containing common stocks is subject to certain risks, 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.

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.

Closed-End Fund and ETF Risk. Closed-end funds and ETFs are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding ETFs, closed-end funds or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, ETFs and closed-end funds frequently trade at a discount from their net asset value in the secondary market. Certain closed-end funds in which the portfolio invests may employ the use of leverage, which increases the volatility of such funds.

Closed-End Fund Risk. Closed-end funds are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding the funds or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, closed-end funds frequently trade at a discount to their net asset value in the secondary market. Certain closed-end funds may employ the use of leverage, which increases the volatility of such funds.

ETF Risk. ETFs are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding ETFs or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, ETFs frequently trade at a discount from their net asset value in the secondary market. Certain ETFs may employ the use of leverage, which increases the volatility of such funds.

Floating Rate Risk. Certain of the funds invest in floating-rate securities. A floating-rate security is an instrument in which the interest rate payable on the obligation fluctuates on a periodic basis based upon changes in an interest rate benchmark. As a result, the yield on such a security will generally decline in a falling interest rate environment, causing the trust to experience a reduction in the income it receives from such securities.

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

Senior Loans Risk. The yield on senior loans will generally decline in a falling interest rate environment and increase in a rising interest rate environment. Senior loans are generally below investment grade quality ("junk" bonds). An investment in senior loans involves the risk that the borrowers may default on their obligations to pay principal or interest when due.

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.

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.

Additional Risk. For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.

Important Note. It is important to note that an investment can be made in the underlying funds directly rather than through the trust. These direct investments can be made without paying the trust's sales charge, operating expenses and organizational costs.

You should carefully consider the trust's investment objectives, risks, and charges and expenses 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 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.

Fund Cusip Information
30302P502 (Cash)
30302P510 (Reinvest)
30302P528 (Cash-Fee)
30302P536 (Reinvest-Fee)
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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 and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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