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Core Three Closed-End Allocation, 34  Ticker: FYBDLX
 
Description
This unit investment trust seeks current monthly income, with capital appreciation as a secondary objective. There is, however, no assurance that the objectives will be achieved. The portfolio terminates approximately two years from the initial date of deposit.
 
Summary
Product Code: CEC334
Portfolio Status: Secondary
Initial Offer Date: 04/20/2018
Secondary Date: 09/13/2018
Portfolio Ending Date: 04/20/2020
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.7241
POP(*): $9.9479
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 09/20/2018 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 * $0.6469
As of 09/17/2018
* 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  
NameSymbolWeighting
 BlackRock Health Sciences Trust BME 2.75%
 Eaton Vance Tax-Advantaged Dividend Income Fund EVT 2.58%
 Reaves Utility Income Fund UTG 2.55%
 Eaton Vance Risk-Managed Diversified Equity Income Fund ETJ 2.54%
 The Gabelli Dividend & Income Trust GDV 2.53%
 Cohen & Steers Quality Income Realty Fund, Inc. RQI 2.52%
 Tekla Healthcare Investors HQH 2.50%
 The Gabelli Equity Trust Inc. GAB 2.47%
 Nuveen S&P 500 Buy-Write Income Fund BXMX 2.46%
 Kayne Anderson MLP/Midstream Investment Company KYN 2.46%
 Voya Natural Resources Equity Income Fund IRR 2.43%
 Tortoise Energy Independence Fund, Inc. NDP 2.39%
 Royce Value Trust, Inc. RVT 2.38%
 John Hancock Financial Opportunities Fund BTO 2.31%
 PIMCO New York Municipal Income Fund III PYN 1.53%
 Nuveen Municipal Credit Income Fund NZF 1.41%
 BlackRock Municipal Income Investment Trust BBF 1.41%
 MFS High Income Municipal Trust CXE 1.40%
 MFS High Yield Municipal Trust CMU 1.40%
 Nuveen AMT-Free Municipal Credit Income Fund NVG 1.39%
 MainStay DefinedTerm Municipal Opportunities Fund MMD 1.39%
 Eaton Vance Municipal Income Trust EVN 1.38%
 Invesco Pennsylvania Value Municipal Income Trust VPV 1.38%
 Invesco Advantage Municipal Income Trust II VKI 1.37%
 Nuveen Enhanced Municipal Value Fund NEV 1.37%
 KKR Income Opportunities Fund KIO 1.37%
 Putnam Managed Municipal Income Trust PMM 1.36%
 Nuveen New Jersey Quality Municipal Income Fund NXJ 1.36%
 Neuberger Berman Municipal Fund Inc. NBH 1.36%
 DWS Strategic Municipal Income Trust KSM 1.35%
 BlackRock Multi-Sector Income Trust BIT 1.35%
 Dreyfus Strategic Municipals, Inc. LEO 1.34%
 Dreyfus Strategic Municipal Bond Fund, Inc. DSM 1.34%
 Western Asset Municipal Partners Fund Inc. MNP 1.34%
 Federated Premier Municipal Income Fund FMN 1.33%
 BlackRock MuniYield Investment Quality Fund MFT 1.33%
 Guggenheim Credit Allocation Fund GGM 1.33%
 Invesco Trust for Investment Grade Municipals VGM 1.32%
 Blackstone/GSO Strategic Credit Fund BGB 1.32%
 Apollo Tactical Income Fund Inc. AIF 1.31%
 DWS Municipal Income Trust KTF 1.30%
 Western Asset Managed Municipals Fund Inc. MMU 1.30%
 Credit Suisse Asset Management Income Fund, Inc. CIK 1.29%
 MFS Multimarket Income Trust MMT 1.29%
 Eaton Vance Limited Duration Income Fund EVV 1.29%
 BlackRock MuniHoldings Quality Fund, Inc. MUS 1.29%
 MFS Intermediate Income Trust MIN 1.28%
 John Hancock Investors Trust JHI 1.27%
 Blackstone/GSO Senior Floating Rate Term Fund BSL 1.25%
 Invesco Dynamic Credit Opportunities Fund VTA 1.21%
 Nuveen Short Duration Credit Opportunities Fund JSD 1.21%
 THL Credit Senior Loan Fund TSLF 1.21%
 Invesco Senior Income Trust VVR 1.20%
 Western Asset Corporate Loan Fund Inc. TLI 1.19%
 BlackRock Floating Rate Income Trust BGT 1.19%
 Voya Prime Rate Trust PPR 1.18%
 Nuveen Floating Rate Income Fund JFR 1.18%
 Pioneer Floating Rate Trust PHD 1.18%
 Ares Dynamic Credit Allocation Fund, Inc. ARDC 1.18%
 Eaton Vance Senior Floating-Rate Trust EFR 1.17%
 Barings Global Short Duration High Yield Fund BGH 1.04%
 Ivy High Income Opportunities Fund IVH 0.99%
 Dreyfus High Yield Strategies Fund DHF 0.98%
 Western Asset High Income Fund II Inc. HIX 0.96%
 Pioneer High Income Trust PHT 0.96%
 
Total Number of Holdings:    65
Underlying Securities information represented above is as of 09/19/2018 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 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.

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.

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.

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.

Limited Duration Bonds Risk. Limited duration bonds are subject to interest rate risk, which is the risk that the value of a security will fall if interest rates increase. While limited duration bonds are generally subject to less interest rate sensitivity than longer duration bonds, there can be no assurance that interest rates will rise during the life of the trust.

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.

Options Risk. Options are subject to various risks including that their value may be adversely affected if the market for the option becomes less liquid or smaller. In addition, options will be affected by changes in the value and dividend rates of the stock subject to the option, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the common stock and the remaining time to expiration.

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.

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.

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 cyber security.

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
30308B549 (Cash)
30308B556 (Reinvest)
30308B564 (Cash-Fee)
30308B572 (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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