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40/60 Strategic Allocation, 3rd Qtr 2018  Ticker: FKIREX
 
Description
A unit investment trust which seeks the potential for above-average total return by investing approximately 40% of its assets in common stocks which are selected by applying a disciplined investment strategy and 60% of its assets in exchange-traded funds which invest in fixed-income securities.
 
Summary
Product Code: 4S3Q18
Portfolio Status: Secondary
Initial Offer Date: 07/12/2018
Secondary Date: 10/11/2018
Portfolio Ending Date: 10/17/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.4599
POP(*): $9.5893
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 11/19/2018 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 * $0.2958
As of 11/19/2018
* 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  
NameSymbolWeighting
 First Trust Senior Loan Fund FTSL 2.76%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 2.75%
 Invesco Senior Loan ETF BKLN 2.74%
 Highland/iBoxx Senior Loan ETF SNLN 2.73%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 2.72%
 VanEck Vectors J.P. Morgan EM Local Currency Bond ETF EMLC 2.67%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 2.62%
 Vanguard Long-Term Corporate Bond ETF VCLT 2.61%
 iShares MBS ETF MBB 2.44%
 Vanguard Mortgage-Backed Securities ETF VMBS 2.44%
 iShares TIPS Bond ETF TIP 2.40%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 2.40%
 SPDR Bloomberg Barclays TIPS ETF IPE 2.40%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 2.39%
 iShares JPMorgan USD Emerging Markets Bond ETF EMB 2.36%
 iShares U.S. Preferred Stock ETF PFF 2.32%
 iShares Long-Term Corporate Bond ETF IGLB 2.32%
 First Trust Low Duration Opportunities ETF LMBS 2.15%
 Vanguard Total International Bond ETF BNDX 2.15%
 iShares 7-10 Year Treasury Bond ETF IEF 2.14%
 First Trust Tactical High Yield ETF HYLS 2.13%
 SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 2.11%
 First Trust Preferred Securities and Income ETF FPE 2.10%
 Invesco Emerging Markets Sovereign Debt ETF PCY 2.06%
 iShares 20+ Year Treasury Bond ETF TLT 2.03%
 Starbucks Corporation SBUX 0.47%
 HCA Healthcare, Inc. HCA 0.44%
 The Clorox Company CLX 0.42%
 Hormel Foods Corporation HRL 0.42%
 O'Reilly Automotive, Inc. ORLY 0.42%
 Pfizer Inc. PFE 0.41%
 CME Group Inc. CME 0.41%
 Verizon Communications Inc. VZ 0.40%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.39%
 Anthem, Inc. ANTM 0.39%
 T-Mobile US, Inc. TMUS 0.39%
 Duke Energy Corporation DUK 0.38%
 WEC Energy Group, Inc. WEC 0.38%
 Costco Wholesale Corporation COST 0.38%
 Waste Management, Inc. WM 0.38%
 Intercontinental Exchange, Inc. ICE 0.38%
 Dollar General Corporation DG 0.38%
 Automatic Data Processing, Inc. ADP 0.37%
 Union Pacific Corporation UNP 0.37%
 Norfolk Southern Corporation NSC 0.37%
 NextEra Energy, Inc. NEE 0.37%
 Aflac Incorporated AFL 0.37%
 Exelon Corporation EXC 0.37%
 Ross Stores, Inc. ROST 0.37%
 Ventas, Inc. VTR 0.36%
 The TJX Companies, Inc. TJX 0.36%
 UnitedHealth Group Incorporated UNH 0.35%
 Fiserv, Inc. FISV 0.35%
 Prologis, Inc. PLD 0.35%
 Centene Corporation CNC 0.35%
 Consolidated Edison, Inc. ED 0.34%
 Southwest Airlines Co. LUV 0.34%
 Exxon Mobil Corporation XOM 0.33%
 AT&T Inc. T 0.33%
 Archer-Daniels-Midland Company ADM 0.33%
 CenturyLink, Inc. CTL 0.33%
 Humana Inc. HUM 0.33%
 Sysco Corporation SYY 0.33%
 Concho Resources Inc. CXO 0.33%
 Cintas Corporation CTAS 0.32%
 Cerner Corporation CERN 0.32%
 General Dynamics Corporation GD 0.32%
 Broadcom Inc. AVGO 0.32%
 Tyson Foods, Inc. (Class A) TSN 0.31%
 Public Storage PSA 0.31%
 Raytheon Company RTN 0.31%
 Kellogg Company K 0.30%
 Pioneer Natural Resources Company PXD 0.30%
 Lam Research Corporation LRCX 0.29%
 Best Buy Co., Inc. BBY 0.29%
 EOG Resources, Inc. EOG 0.29%
 Tokio Marine Holdings, Inc. (ADR) TKOMY 0.29%
 Phillips 66 PSX 0.29%
 BCE Inc. BCE 0.28%
 T. Rowe Price Group, Inc. TROW 0.28%
 AXA S.A. (ADR) AXAHY 0.28%
 Canadian National Railway Company CNI 0.28%
 Honda Motor Co., Ltd. (ADR) HMC 0.27%
 Bank of Montreal BMO 0.27%
 Orange (ADR) ORAN 0.27%
 Accenture Plc ACN 0.27%
 L'Oreal S.A. (ADR) LRLCY 0.27%
 Novo Nordisk A/S (ADR) NVO 0.26%
 The Toronto-Dominion Bank TD 0.26%
 Valero Energy Corporation VLO 0.26%
 Royal Bank of Canada RY 0.26%
 Enbridge Inc. ENB 0.26%
 National Grid Plc (ADR) NGG 0.26%
 Rio Tinto Plc (ADR) RIO 0.26%
 ABIOMED, Inc. ABMD 0.26%
 Toyota Motor Corporation (ADR) TM 0.25%
 Total S.A. (ADR) TOT 0.25%
 Eni SpA (ADR) E 0.25%
 NTT DOCOMO, Inc. (ADR) DCMYY 0.25%
 Canon Inc. (ADR) CAJ 0.25%
 Nissan Motor Co., Ltd. (ADR) NSANY 0.25%
 Skyworks Solutions, Inc. SWKS 0.25%
 Equinor ASA EQNR 0.25%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.25%
 Nintendo Co., Ltd. (ADR) NTDOY 0.25%
 Twitter, Inc. TWTR 0.25%
 Royal Dutch Shell Plc (ADR) RDS/A 0.24%
 LyondellBasell Industries N.V. LYB 0.24%
 Micron Technology, Inc. MU 0.23%
 Hitachi, Ltd. (ADR) HTHIY 0.23%
 Facebook, Inc. (Class A) FB 0.23%
 Suncor Energy Inc. SU 0.22%
 Dassault Systemes S.E. (ADR) DASTY 0.22%
 British American Tobacco Plc (ADR) BTI 0.19%
 PG&E Corporation PCG 0.18%
 Ulta Beauty, Inc. ULTA 0.17%
 Credit Acceptance Corporation CACC 0.16%
 Church & Dwight Co., Inc. CHD 0.16%
 Ollie's Bargain Outlet Holdings, Inc. OLLI 0.16%
 IDACORP, Inc. IDA 0.15%
 Atmos Energy Corporation ATO 0.15%
 Pinnacle West Capital Corporation PNW 0.15%
 Alaska Air Group, Inc. ALK 0.15%
 OGE Energy Corp. OGE 0.15%
 AptarGroup, Inc. ATR 0.15%
 Insperity, Inc. NSP 0.15%
 UGI Corporation UGI 0.15%
 MSC Industrial Direct Co., Inc. (Class A) MSM 0.15%
 CDW Corporation CDW 0.15%
 Torchmark Corporation TMK 0.14%
 Energen Corporation EGN 0.14%
 The J.M. Smucker Company SJM 0.14%
 Snap-on Incorporated SNA 0.14%
 Encompass Health Corporation EHC 0.14%
 Expeditors International of Washington, Inc. EXPD 0.14%
 Darden Restaurants, Inc. DRI 0.14%
 MAXIMUS, Inc. MMS 0.14%
 Range Resources Corporation RRC 0.14%
 ALLETE, Inc. ALE 0.14%
 Liberty Broadband Corporation (Class C) LBRDK 0.14%
 Conagra Brands, Inc. CAG 0.13%
 Kansas City Southern KSU 0.13%
 Jack Henry & Associates, Inc. JKHY 0.13%
 Landstar System, Inc. LSTR 0.13%
 F5 Networks, Inc. FFIV 0.13%
 Genesee & Wyoming Inc. (Class A) GWR 0.13%
 Annaly Capital Management, Inc. NLY 0.13%
 JetBlue Airways Corporation JBLU 0.13%
 HollyFrontier Corporation HFC 0.13%
 Molson Coors Brewing Company TAP 0.13%
 CubeSmart CUBE 0.13%
 Texas Roadhouse, Inc. TXRH 0.13%
 Assurant, Inc. AIZ 0.13%
 WellCare Health Plans, Inc. WCG 0.13%
 United Therapeutics Corporation UTHR 0.13%
 AGNC Investment Corp. AGNC 0.13%
 Globus Medical, Inc. (Class A) GMED 0.13%
 HealthEquity, Inc. HQY 0.13%
 J.B. Hunt Transport Services, Inc. JBHT 0.12%
 MEDNAX, Inc. MD 0.12%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.12%
 Reliance Steel & Aluminum Co. RS 0.12%
 Vail Resorts, Inc. MTN 0.12%
 CBRE Group, Inc. CBRE 0.12%
 National Beverage Corp. FIZZ 0.12%
 First American Financial Corporation FAF 0.12%
 Knight-Swift Transportation Holdings Inc. KNX 0.12%
 Apple Hospitality REIT, Inc. APLE 0.12%
 Newell Brands Inc. NWL 0.11%
 American Eagle Outfitters, Inc. AEO 0.11%
 Tyler Technologies, Inc. TYL 0.11%
 Watsco, Inc. WSO 0.11%
 athenahealth, Inc. ATHN 0.11%
 Telephone and Data Systems, Inc. TDS 0.10%
 SYNNEX Corporation SNX 0.10%
 Spirit Airlines, Inc. SAVE 0.10%
 Amedisys, Inc. AMED 0.09%
 Sprouts Farmers Market, Inc. SFM 0.09%
 Cracker Barrel Old Country Store, Inc. CBRL 0.08%
 Graham Holdings Company GHC 0.08%
 Casey's General Stores, Inc. CASY 0.08%
 Lancaster Colony Corporation LANC 0.08%
 Ciena Corporation CIEN 0.08%
 NorthWestern Corporation NWE 0.08%
 Stamps.com Inc. STMP 0.08%
 LHC Group, Inc. LHCG 0.08%
 ONE Gas, Inc. OGS 0.08%
 Equity Commonwealth EQC 0.07%
 Tetra Tech, Inc. TTEK 0.07%
 Cirrus Logic, Inc. CRUS 0.07%
 Southwestern Energy Company SWN 0.07%
 J & J Snack Foods Corp. JJSF 0.07%
 Sanderson Farms, Inc. SAFM 0.07%
 FTI Consulting, Inc. FCN 0.07%
 Dick's Sporting Goods, Inc. DKS 0.07%
 AMN Healthcare Services, Inc. AMN 0.07%
 ManTech International Corporation MANT 0.07%
 RPC, Inc. RES 0.07%
 KBR, Inc. KBR 0.07%
 Darling Ingredients Inc. DAR 0.07%
 B&G Foods, Inc. BGS 0.07%
 Green Dot Corporation (Class A) GDOT 0.07%
 Aaron's, Inc. AAN 0.07%
 Murphy USA Inc. MUSA 0.07%
 Southwest Gas Holdings, Inc. SWX 0.07%
 Werner Enterprises, Inc. WERN 0.06%
 CONMED Corporation CNMD 0.06%
 Louisiana-Pacific Corporation LPX 0.06%
 The Cheesecake Factory Incorporated CAKE 0.06%
 International Speedway Corporation ISCA 0.06%
 FBL Financial Group, Inc. (Class A) FFG 0.06%
 MFA Financial, Inc. MFA 0.06%
 CNX Resources Corporation CNX 0.06%
 Brooks Automation, Inc. BRKS 0.06%
 Steven Madden, Ltd. SHOO 0.06%
 Covanta Holding Corporation CVA 0.06%
 Balchem Corporation BCPC 0.06%
 Two Harbors Investment Corp. TWO 0.06%
 Zynga Inc. ZNGA 0.06%
 Retail Properties of America, Inc. RPAI 0.06%
 Xenia Hotels & Resorts, Inc. XHR 0.06%
 AppFolio, Inc. (Class A) APPF 0.06%
 Dillard's, Inc. (Class A) DDS 0.05%
 Myriad Genetics, Inc. MYGN 0.05%
 II-VI Incorporated IIVI 0.05%
 Atlas Air Worldwide Holdings, Inc. AAWW 0.05%
 Central Garden & Pet Company (Class A) CENTA 0.05%
 Gulfport Energy Corporation GPOR 0.05%
 Axos Financial Inc. AX 0.05%
 QEP Resources, Inc. QEP 0.05%
 Yelp Inc. YELP 0.05%
 Lumentum Holdings Inc. LITE 0.05%
 Cooper-Standard Holdings Inc. CPS 0.04%
 Ellie Mae, Inc. ELLI 0.04%
 TopBuild Corp. BLD 0.04%
 
Total Number of Holdings:    235
Underlying Securities information represented above is as of 11/19/2018 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 October 19, 2018
$0.04500 November 20, 2018
$0.04500 December 20, 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.

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.

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.

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.

IRA Risk. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

Mortgage-Backed Securities Risk. Rising interest rates tend to extend the duration of mortgage-backed securities, making them more sensitive to changes in interest rates, and may reduce the market value of the securities. In addition, mortgage-backed securities are subject to prepayment risk, the risk that borrowers may pay off their mortgages sooner than expected, particularly when interest rates decline.

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.

US Treasury Debt Instruments Risk. Debt instruments, such as U.S. Treasury obligations, are subject to numerous risks including higher interest rates, economic recession and deterioration of the bond market or investors' perceptions 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.

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.

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
30309P505 (Cash)
30309P513 (Reinvest)
30309P521 (Cash-Fee)
30309P539 (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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