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Corporate Investment Grade Laddered, 5 (Closed)  Ticker: FPINSX
 
Description
This unit investment trust seeks current income and capital preservation by investing in a laddered portfolio of investment grade corporate bonds.
 
Summary
Product Code: CLAD5
Portfolio Status: Secondary
Initial Offer Date: 06/19/2018
Secondary Date: 10/04/2018
Wtd Avg Maturity: 5.6
ELTR Life: 5.6
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,063.8500
NAV(*): $1,019.7100
POP(*): $1,044.7800
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 10/16/2018 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
30308D206 Monthly $0.8700 $38.7400 3.710% 3.373%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
604059AE5 100,000 3M COMPANY 6.375%, due 02/15/2028  AA-   6.37500 02/15/2028M    
015271AM1 200,000 ALEXANDRIA REAL ESTATE EQUITIES 4%, due 01/15/2024  BBB   4.00000 01/15/2024M 12/15/2023 100.0000
02209SAS2 200,000 ALTRIA GROUP INC N/C, 4%, due 01/31/2024  A-   4.00000 01/31/2024M    
06051GEM7 200,000 BANK OF AMERICA CORP N/C, 5.70%, due 01/24/2022  A-   5.70000 01/24/2022M    
055450AH3 200,000 BHP BILLITON FINANCE 6.42%, due 03/01/2026  A   6.42000 03/01/2026M    
101137AS6 200,000 BOSTON SCIENTIFIC CORP 4%, due 03/01/2028  BBB-   4.00000 03/01/2028M 12/01/2027 100.0000
05565QDB1 200,000 BP CAPITAL MARKETS PLC 3.119%, due 05/04/2026  A-   3.11900 05/04/2026M 02/04/2026 100.0000
143658BA9 200,000 CARNIVAL CORP 3.95%, due 10/15/2020  A-   3.95000 10/15/2020M    
369604BG7 200,000 GENERAL ELECTRIC CO 3.375%, due 03/11/2024  A   3.37500 03/11/2024M    
37045XCB0 200,000 GENERAL MOTORS FINL CO 2.45%, due 11/06/2020  BBB   2.45000 11/06/2020M    
362320BA0 150,000 GTE LLC N/C, 6.94%, due 04/15/2028  BBB+   6.94000 04/15/2028M    
428236BF9 200,000 HP INC 3.75%, due 12/01/2020  BBB   3.75000 12/01/2020M    
404280AL3 200,000 HSBC HOLDINGS PLC 4.875%, due 01/14/2022  A   4.87500 01/14/2022M    
48203RAG9 200,000 JUNIPER NETWORKS INC 4.50%, due 03/15/2024  BBB   4.50000 03/15/2024M    
694032AT0 200,000 PACIFIC BELL TELEPHONE DEB NON-RDMBL M&S-15, 7.125%, due 03/15/2026  BBB   7.12500 03/15/2026M    
747525AD5 200,000 QUALCOMM INC 2.25%, due 05/20/2020  A   2.25000 05/20/2020M    
767201AD8 200,000 RIO TINTO FIN USA LTD 7.125%, due 07/15/2028  A   7.12500 07/15/2028M    
80283LAJ2 200,000 Santander UK PLC 4%, due 03/13/2024  A   4.00000 03/13/2024M    
84265VAF2 200,000 SOUTHERN COPPER CORP 3.50%, due 11/08/2022  BBB   3.50000 11/08/2022M    
86562MAC4 200,000 SUMITOMO MITSUI FINL GRP N/C, 3.784%, due 03/09/2026  A-   3.78400 03/09/2026M    
87854XAD3 200,000 TECHNIPFMC PLC 3.45%, due 10/01/2022  BBB+   3.45000 10/01/2022M 07/01/2022 100.0000
89114QBY3 200,000 TORONTO-DOMINION BANK N/C, 3%, due 06/11/2020  AA-   3.00000 06/11/2020M    
89352HAW9 200,000 TRANSCANADA PIPELINES 4.25%, due 05/15/2028  BBB+   4.25000 05/15/2028M 02/15/2028 100.0000
91324PDD1 200,000 UNITEDHEALTH GROUP INC 2.375%, due 10/15/2022  A+   2.37500 10/15/2022M    
949746RW3 200,000 WELLS FARGO & COMPANY 3%, due 04/22/2026  A-   3.00000 04/22/2026M    
961214DW0 150,000 WESTPAC BANKING CORP 3.40%, due 01/25/2028  AA-   3.40000 01/25/2028M    
 
Total Number of Holdings:    26


Risk Considerations

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

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.

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.

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.

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
30308D206 (Cash)
30308D214 (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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