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Investment Grade Multi-Asset Income, 10-20 Year, 38  Ticker: FVLGIX
 
Description
This unit investment trust seeks current income and capital preservation by investing in a fixed portfolio of investment grade corporate bonds and taxable municipal bonds.
 
Summary
Product Code: IGMA38
Portfolio Status: Secondary
Initial Offer Date: 08/23/2018
Secondary Date: 10/31/2018
Wtd Avg Maturity: 18.1
ELTR Life: 17.9
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,192.3100
NAV(*): $1,101.3800
POP(*): $1,143.6900
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/14/2018 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
33741B209 Monthly $1.1900 $53.4200 4.670% 4.283%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
02364WAJ4 150,000 AMERICA MOVIL SAB DE CV 6.375%, due 03/01/2035  A-   6.37500 03/01/2035M    
171232AS0 200,000 CHUBB CORP 6.50%, due 05/15/2038  A   6.50000 05/15/2038M    
222367EC4 145,000 COUNTRYSIDE IL TAXABLE, 4.375%, due 01/01/2034  NR IL 4.37500 01/01/2034M 01/01/2024 100.0000
341099CL1 200,000 DUKE ENERGY FLORIDA INC 6.40%, due 06/15/2038  A   6.40000 06/15/2038M    
37045VAK6 225,000 GENERAL MOTORS CO 6.60%, due 04/01/2036  BBB   6.60000 04/01/2036M 10/01/2035 100.0000
375558BJ1 350,000 GILEAD SCIENCES INC 4%, due 09/01/2036  A   4.00000 09/01/2036M 03/01/2036 100.0000
44244CTT4 350,000 HOUSTON TX UTILITY SYS REVENUE TAXABLE, 4.172%, due 11/15/2038  NR TX 4.17200 11/15/2038M 11/15/2028 100.0000
42824CAX7 175,000 HP ENTERPRISE CO 6.20%, due 10/15/2035  BBB   6.20000 10/15/2035M 04/15/2035 100.0000
452024GT3 100,000 ILLINOIS MUN ELEC AGY PWR SPLY REV TAXABLE-BABS, 6.832%, due 02/01/2035  A IL 6.83200 02/01/2035M    
452024HH8 105,000 ILLINOIS MUN ELEC AGY PWR SPLY REV TAXABLE-BABS, 7.288%, due 02/01/2035  A IL 7.28800 02/01/2035M    
472319AC6 225,000 JEFFERIES GROUP LLC 6.25%, due 01/15/2036  BBB-   6.25000 01/15/2036M    
479556QJ4 300,000 JOHNSTOWN NY TAXABLE, 4.25%, due 08/01/2036  AA NY 4.25000 08/01/2036M 08/01/2025 100.0000
548661CP0 200,000 LOWE'S COMPANIES INC 6.65%, due 09/15/2037  A-   6.65000 09/15/2037M    
592481CA1 150,000 MET SAINT LOUIS MO SWR DIST WS TAXABLE-BABS, 5.856%, due 05/01/2039  AAA MO 5.85600 05/01/2039M    
59156RAJ7 200,000 METLIFE INC 6.375%, due 06/15/2034  A-   6.37500 06/15/2034M    
64763FUP2 170,000 NEW ORLEANS LA TAXABLE, 4.125%, due 12/01/2038  AA LA 4.12500 12/01/2038M 12/01/2024 100.0000
65334HAG7 350,000 NEXEN ENERGY ULC 6.40%, due 05/15/2037  A+   6.40000 05/15/2037M    
68389XAH8 200,000 ORACLE CORP 6.125%, due 07/08/2039  AA-   6.12500 07/08/2039M    
718172AC3 325,000 PHILIP MORRIS INTL INC 6.375%, due 05/16/2038  A   6.37500 05/16/2038M    
830728TH4 190,000 SKOKIE IL TAXABLE, 3.75%, due 12/01/2035  NR IL 3.75000 12/01/2035M 12/01/2028 100.0000
959802AH2 225,000 THE WESTERN UNION CO 6.20%, due 11/17/2036  BBB   6.20000 11/17/2036M    
91324PBK7 225,000 UNITEDHEALTH GROUP INC 6.875%, due 02/15/2038  A+   6.87500 02/15/2038M    
949746JM4 200,000 WELLS FARGO & COMPANY 5.375% Notes due 02/07/2035  A-   5.37500 02/07/2035M    
 
Total Number of Holdings:    23


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 – 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.

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.

Insurance Risks. Certain of the securities in the trust are covered by insurance policies obtained by the issuers or underwriters of the bonds from insurance companies. There can be no assurance that any insurer will be able to satisfy its commitments in the event claims are made in the future.

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.

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.

Taxable Bond Risk. Taxable bonds are subject to numerous risks including rising interest rates, economic recession, deterioration of the bond market, possible downgrades, increased volatility, reduced liquidity and defaults of interest and/or principal.

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
33741B209 (Cash)
33741B217 (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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