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Corporate High Income, 26  Ticker: FNORDX
 
Description
A unit investment trust that invests in a professionally selected, fixed portfolio of corporate bond issues. The trust seeks to distribute high current monthly income and to preserve capital.
 
Summary
Product Code: CHIN26
Portfolio Status: Secondary
Initial Offer Date: 04/24/2018
Secondary Date: 12/12/2018
Wtd Avg Maturity: 6.0
ELTR Life: 6.0
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,030.3000
NAV(*): $963.4100
POP(*): $988.1100
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/18/2018 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.

 Income Information
CUSIP Frequency / Distributions Accrued Interest Estimated Annual Income Estimated Current Return Estimated Long Term Return
30308B820 Monthly $1.2100 $43.2500 4.380% 4.570%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
013817AW1 225,000 ARCONIC INC 5.125%, due 10/01/2024  BBB-   5.12500 10/01/2024M 07/01/2024 100.0000
042735BE9 225,000 ARROW ELECTRONICS INC 4%, due 04/01/2025  BBB-   4.00000 04/01/2025M 01/01/2025 100.0000
05329WAM4 225,000 AUTONATION INC 4.50%, due 10/01/2025  BBB-   4.50000 10/01/2025M 07/01/2025 100.0000
093662AG9 115,000 BLOCK FINANCIAL LLC 5.25%, due 10/01/2025  BBB   5.25000 10/01/2025M 07/01/2025 100.0000
11134LAP4 225,000 BROADCOM CRP / CAYMN FI 3.125%, due 01/15/2025  BBB-   3.12500 01/15/2025M 10/15/2024 100.0000
161175AY0 225,000 CHARTER COMM OPT LLC/CAP 4.908%, due 07/23/2025  BBB-   4.90800 07/23/2025M 04/23/2025 100.0000
172967JT9 225,000 CITIGROUP INC N/C, 4.40%, due 06/10/2025  BBB   4.40000 06/10/2025M    
25152RXA6 225,000 DEUTSCHE BANK AG LONDON N/C, 3.70%, due 05/30/2024  BBB-   3.70000 05/30/2024M    
279158AC3 225,000 ECOPETROL SA 5.875%, due 09/18/2023  BBB-   5.87500 09/18/2023M    
31572UAG1 225,000 FIBRIA OVERSEAS FINANCE 4%, due 01/14/2025  BBB-   4.00000 01/14/2025M 11/14/2024 100.0000
37045XAZ9 215,000 GENERAL MOTORS FINL CO 4.30%, due 07/13/2025  BBB   4.30000 07/13/2025M 04/13/2025 100.0000
404119BN8 225,000 HCA INC 5%, due 03/15/2024  BBB-   5.00000 03/15/2024M    
527288BE3 225,000 LEUCADIA NATIONAL CORP 5.50%, due 10/18/2023  BBB-   5.50000 10/18/2023M 01/18/2023 100.0000
55616XAK3 225,000 MACYS RETAIL HLDGS INC 4.375%, due 09/01/2023  BBB-   4.37500 09/01/2023M 06/01/2023 100.0000
59151KAK4 225,000 METHANEX CORP 4.25%, due 12/01/2024  BB+   4.25000 12/01/2024M 09/01/2024 100.0000
681936BH2 225,000 OMEGA HLTHCARE INVESTORS 5.25%, due 01/15/2026  BBB-   5.25000 01/15/2026M 10/15/2025 100.0000
688239AE2 225,000 OSHKOSH CORP 5.375%, due 03/01/2025  BBB   5.37500 03/01/2025M 03/01/2020 102.6880
72650RBJ0 225,000 PLAINS ALL AMER PIPELINE 4.65%, due 10/15/2025  BBB-   4.65000 10/15/2025M 07/15/2025 100.0000
81180WAL5 225,000 SEAGATE HDD CAYMAN 4.75%, due 01/01/2025  BB+   4.75000 01/01/2025M    
81618TAE0 225,000 SELECT INCOME REIT 4.25%, due 05/15/2024  BBB-   4.25000 05/15/2024M 02/15/2024 100.0000
87165BAG8 225,000 SYNCHRONY FINANCIAL 4.50%, due 07/23/2025  BBB-   4.50000 07/23/2025M 04/23/2025 100.0000
189754AA2 225,000 TAPESTRY INC 4.25%, due 04/01/2025  BBB-   4.25000 04/01/2025M 01/01/2025 100.0000
96949LAB1 225,000 WILLIAMS PARTNERS LP 4%, due 09/15/2025  BBB   4.00000 09/15/2025M 06/15/2025 100.0000
984121CJ0 225,000 XEROX CORPORATION 3.80%, due 05/15/2024  BBB-   3.80000 05/15/2024M    
 
Total Number of Holdings:    24


Risk Considerations

Corporate Bond Risk. An investment in a portfolio containing corporate bonds is subject to certain risks, including higher interest rates, economic recession, deterioration of the bond market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

Buy & Hold Risk – Tax-Free Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity.

Emerging Markets Risk. Risks associated with investing in foreign securities may be more pronounced in emerging markets where the securities markets are substantially smaller, less liquid, less regulated and more volatile than the U.S. and developed foreign markets.

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.

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.

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 cyber security.

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 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
30308B820 (Cash)
30308B838 (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 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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