Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       

Preferred Income Opportunity, 7  Ticker: FRAYDX
A unit investment trust that seeks a high rate of current income by investing in a diversified portfolio of preferred securities.
Product Code: PRIO7
Portfolio Status: Secondary
Initial Offer Date: 10/31/2017
Secondary Date: 01/29/2018
Portfolio Ending Date: 01/31/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.3681
POP(*): $9.4963
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 03/19/2018 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 * $0.4653
As of 03/19/2018
* 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  
 The Hartford Financial Services Group, Inc., 7.875%, Variable Rate, Due 04/15/2042 HGH 4.17%
 The PNC Financial Services Group, Inc., Series P, 6.125%, Variable Rate PNC.P 4.16%
 The Allstate Corporation, 5.100%, Variable Rate, Due 01/15/2053 ALL.B 4.16%
 Stifel Financial Corp., 5.20%, Due 10/15/2047 SFB 4.11%
 Axis Capital Holdings Limited, Series E, 5.500% AXS.E 4.08%
 Dominion Energy, Inc., Series A, 5.250%, Due 07/30/2076 DRUA 3.95%
 National Retail Properties, Inc., Series F, 5.200% NNN.F 3.83%
 Federal Realty Investment Trust, Series C, 5.000% FRT.C 3.82%
 Kimco Realty Corporation, Series L, 5.125% KIM.L 3.69%
 BB&T Corporation, 5.625% BBT.H 2.55%
 U.S. Bancorp, Series F, 6.500%, Variable Rate USB.M 2.54%
 SCE Trust III, Series H, 5.750%, Variable Rate SCE.H 2.54%
 BOK Financial Corporation, 5.375%, Due 06/30/2056 BOKFL 2.53%
 eBay Inc., 6.000%, Due 02/01/2056 EBAYL 2.52%
 Entergy Arkansas, Inc., 4.875%, Due 09/01/2066 EAI 2.50%
 NextEra Energy Capital Holdings, Inc., Series K, 5.250%, Due 06/01/2076 NEE.K 2.50%
 Arch Capital Group Ltd., Series F, 5.450% ACGLO 2.50%
 PartnerRe Ltd., Series H, 7.250% PRE.H 2.48%
 Public Storage, Series F, 5.150% PSA.F 2.48%
 The Charles Schwab Corporation, Series C, 6.000% SCHW.C 2.47%
 PS Business Parks, Inc., Series X, 5.250% PSB.X 2.45%
 Validus Holdings Ltd., 5.800% VR.B 2.08%
 State Street Corporation, Series D, 5.900%, Variable Rate STT.D 2.06%
 Alabama Power Company, Series A, 5.00% ALP.Q 2.04%
 State Street Corporation, Series G, 5.350%, Variable Rate STT.G 2.03%
 Entergy Louisiana, LLC, 4.875%, Due 09/01/2066 ELC 2.02%
 Wells Fargo & Company, 6.625%, Variable Rate WFC.R 2.01%
 Arch Capital Group Ltd., Series E, 5.250% ACGLP 2.01%
 Wells Fargo & Company, 5.850%, Variable Rate WFC.Q 2.01%
 JPMorgan Chase & Co., Series AA, 6.100% JPM.G 2.00%
 DTE Energy Company, Series F, 6.000%, Due 12/15/2076 DTY 1.99%
 JPMorgan Chase & Co., Series BB, 6.150% JPM.H 1.99%
 GATX Corporation, 5.625%, Due 05/30/2066 GMTA 1.98%
 W.R. Berkley Corporation, 5.750%, Due 06/01/2056 WRB.D 1.98%
 Georgia Power Company, Series 2017, 5.000%, Due 10/01/2077 GPJA 1.97%
 Public Storage, Series G, 5.050% PSA.G 1.97%
 PS Business Parks, Inc., Series W, 5.200% PSB.W 1.94%
 SCE Trust VI, 5.00% SCE.L 1.89%
Total Number of Holdings:    38
Underlying Securities information represented above is as of 03/19/2018 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 February 20, 2018
$0.04500 March 20, 2018
$0.04500 April 20, 2018

Risk Considerations

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

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

High-Yield or Junk Bonds Risk. Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

Preferred Securities Risk. Preferred securities are equity securities of the issuing company which pay income in the form of dividends. Preferred securities are typically subordinated to bonds and other debt instruments in a company's capital structure, and therefore will be subject to greater credit risk than those debt instruments.

Although the portfolio terminates in approximately one year, the strategy is long-term. Investors should consider their ability to pursue investing in successive portfolios, if available. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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
30305U300 (Cash)
30305U318 (Reinvest)
30305U326 (Cash-Fee)
30305U334 (Reinvest-Fee)
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 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.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2018 All rights reserved.