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Inflation Hedge, 34  Ticker: FKPOMX
 
Description
A unit investment trust that seeks an above average total return by investing in common stocks of energy, materials, and metals and mining companies and exchange-traded funds which are designed to track gold, silver, or government bonds which typically react favorably in an inflationary environment. However, there can be no assurance that the trust will achieve its objective or provide a positive return during an inflationary period.
 
Summary
Product Code: IFOP34
Portfolio Status: Secondary
Initial Offer Date: 07/27/2017
Secondary Date: 10/19/2017
Portfolio Ending Date: 08/05/2019
Tax Structure: Grantor
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.0271
POP(*): $10.2580
Remaining Deferred Sales Charge: $0.1500
* As of Trade Date: 11/21/2017 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 * $0.2135
Subsequent Years * $0.2131
As of 11/20/2017
* The estimated net annual distribution for subsequent years is expected to be less than the amount for the first year because a portion of the securities included in the portfolio will be sold to pay for organization costs, the deferred sales charge and the creation and development fee.  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
 iShares Gold Trust IAU 8.87%
 PowerShares Senior Loan Portfolio BKLN 6.67%
 ETFS Physical Silver Shares SIVR 5.95%
 Vanguard Global ex-U.S. Real Estate ETF VNQI 3.99%
 SPDR Citi International Government Inflation-Protected Bond ETF WIP 3.90%
 SPDR Bloomberg Barclays TIPS ETF IPE 3.88%
 Vanguard REIT ETF VNQ 2.92%
 SPDR Dow Jones REIT ETF RWR 2.89%
 MMC Norilsk Nickel PJSC (ADR) NILSY 2.42%
 Valero Energy Corporation VLO 2.31%
 Royal Dutch Shell Plc (Class B) (ADR) RDS/B 2.21%
 BASF SE (ADR) BASFY 2.20%
 ConocoPhillips COP 2.19%
 EnCana Corporation ECA 2.15%
 Statoil ASA (ADR) STO 2.15%
 Marathon Petroleum Corporation MPC 2.14%
 South32 Limited (ADR) SOUHY 2.14%
 ArcelorMittal (ADR) MT 2.13%
 Glencore Plc (ADR) GLNCY 2.13%
 Total S.A. (ADR) TOT 2.11%
 Ingredion Incorporated INGR 2.11%
 Chevron Corporation CVX 2.10%
 Agrium Inc. AGU 2.09%
 DowDuPont Inc. DWDP 2.08%
 EOG Resources, Inc. EOG 2.05%
 Teck Resources Limited (Class B) TECK 2.03%
 Rio Tinto Plc (ADR) RIO 2.00%
 BHP Billiton Limited (ADR) BHP 1.96%
 Exxon Mobil Corporation XOM 1.95%
 Steel Dynamics, Inc. STLD 1.95%
 Halliburton Company HAL 1.85%
 TransCanada Corporation TRP 1.85%
 Nucor Corporation NUE 1.81%
 Pioneer Natural Resources Company PXD 1.78%
 Schlumberger Limited SLB 1.77%
 China Petroleum & Chemical Corporation (Sinopec) (ADR) SNP 1.74%
 Barrick Gold Corporation ABX 1.68%
 Bunge Limited BG 1.58%
 
Total Number of Holdings:    38
Underlying Securities information represented above is as of 11/20/2017 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 November 20, 2017
$0.07500 December 20, 2017
$0.07500 January 19, 2018

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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

Agribusiness Risk. The companies engaged in the agribusiness industry are subject to cyclicality of revenues and earnings, economic recession, currency fluctuations, changing consumer tastes, extensive competition, excess capacity, product liability litigation and governmental regulation and subsidies.

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.

Commodities Risk. Commodity prices are subject to several factors including, price and supply fluctuations, excess capacity, economic recession, domestic and international politics, government regulations, volatile interest rates, consumer spending trends and overall capital spending levels.

Energy Risk. The companies engaged in the energy sector are subject to certain risks, including price and supply fluctuations caused by international politics, energy conservation, taxes, price controls, and other regulatory policies of various governments. Falling oil and gas prices may negatively impact the profitability and business prospects of certain energy companies.

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.

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.

Materials Risk. The companies engaged in the materials sector are subject to price and supply fluctuations, excess capacity, economic recession, domestic and international politics, government regulations, volatile interest rates, consumer spending trends and overall capital spending levels.

Precious Metals Risk. Companies in the precious metals industry are subject to risks associated with the exploration, development, and production of precious metals including competition for land, difficulties in obtaining required governmental approval to mine land, inability to raise capital, increases in production costs and political unrest. In addition, the price of precious metals is subject to wide fluctuations.

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.

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.

TIPS Risk. TIPS are subject to numerous risks including changes in interest rates, economic recession and deterioration of the bond market or investors' perception thereof.

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
30302W747 (Cash)
30302W754 (Reinvest)
30302W762 (Cash-Fee)
30302W770 (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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