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S&P Dividend Aristocrats Buy-Write, 2  Ticker: FBZVAX
 
Description
A unit investment trust that seeks income, with capital appreciation as a secondary objective. The trust invests in a fixed portfolio of U.S. Treasury securities and common stocks which are selected from the S&P 500 Dividend Aristocrats Index. The common stocks will be subject to a Long-Term Equity AnticiPation Securities (LEAPS®) call option against each position.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: ARBW2
Portfolio Status: Secondary
Initial Offer Date: 09/19/2018
Secondary Date: 11/13/2018
Portfolio Ending Date: 01/22/2020
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Historical 12-Month Distribution Rate of Trust Holdings:^ 2.36%
Initial Offer Price: $10.0000
NAV(*): $9.4862
POP(*): $9.6160
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/25/2019 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.
^There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical distribution rate of the securities included in the trust is for illustrative purposes only and is not indicative of the trust's distribution rate. The historical distribution rate is calculated by dividing the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio by the trust's offering price and is reduced to account for the effects of fees and expenses which will be incurred when investing in a trust. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. PLEASE NOTE: For trusts that hold preferred securities, the historical distribution rate is calculated using only the holdings that have 12 months of distribution history. Any holdings without a 12 month history of dividends were excluded from the calculation. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution rate paid by the trust may be higher or lower than the amount shown above due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, or the sale of securities in the portfolio.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 3.48%
Consumer Discretionary  Consumer Discretionary 19.56%
Consumer Staples  Consumer Staples 16.01%
Energy  Energy 8.08%
Financials  Financials 4.82%
Health Care  Health Care 17.04%
Industrials  Industrials 18.51%
Information Technology  Information Technology 3.61%
Materials  Materials 8.00%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
 
  Large Mid Small  
Growth  46.03% 7.21% 0.00%  
Value  41.96% 3.91% 0.00%  

 Style Weighting
Large-Cap Growth 46.03%
Large-Cap Value 41.96%
Mid-Cap Growth 7.21%
Mid-Cap Value 3.91%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined -1.61%
 Composition
U.S. Stocks 93.51%   Bonds/Cash or Cash Equivalents 2.50%
Non-U.S. Stocks 3.99%   Other 0.00%
The style and sector characteristics of the portfolio are determined as of 03/25/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 S&P Global Inc. SPGI Financials  Financials Large-Cap Growth 4.82%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 4.81%
 3M Company MMM Industrials  Industrials Large-Cap Growth 4.77%
 Walmart, Inc. WMT Consumer Staples  Consumer Staples Large-Cap Value 4.61%
 Abbott Laboratories ABT Health Care  Health Care Large-Cap Growth 4.59%
 McDonald's Corporation MCD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.36%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 4.33%
 Kimberly-Clark Corporation KMB Consumer Staples  Consumer Staples Large-Cap Growth 4.30%
 Nucor Corporation NUE Materials  Materials Large-Cap Value 4.01%
 Linde Plc LIN Materials  Materials Large-Cap Value 3.99%
 V.F. Corporation VFC Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.97%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Value 3.91%
 Cardinal Health, Inc. CAH Health Care  Health Care Mid-Cap Value 3.91%
 Genuine Parts Company GPC Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.81%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 3.75%
 Lowe's Companies, Inc. LOW Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.73%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 3.73%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.69%
 Walgreens Boots Alliance, Inc. WBA Consumer Staples  Consumer Staples Large-Cap Value 3.62%
 Automatic Data Processing, Inc. ADP Information Technology  Information Technology Large-Cap Growth 3.61%
 AT&T Inc. T Communication Services  Communication Services Large-Cap Value 3.48%
 Archer-Daniels-Midland Company ADM Consumer Staples  Consumer Staples Large-Cap Value 3.48%
 W.W. Grainger, Inc. GWW Industrials  Industrials Mid-Cap Growth 3.40%
 Illinois Tool Works Inc. ITW Industrials  Industrials Large-Cap Growth 3.34%
 Stanley Black & Decker, Inc. SWK Industrials  Industrials Large-Cap Value 3.09%
 2020-01-17 General Dynamics Corporation C 245      Undetermined 0.00%
 2020-01-17 Exxon Mobil Corporation C 100      Undetermined -0.01%
 2020-01-17 AT&T Inc. C 40      Undetermined -0.01%
 2020-01-17 Archer-Daniels-Midland Company C 60      Undetermined -0.01%
 2020-01-17 Stanley Black & Decker, Inc. C 180      Undetermined -0.02%
 2020-01-17 Johnson & Johnson C 165      Undetermined -0.02%
 2020-01-17 W.W. Grainger, Inc. C 420      Undetermined -0.02%
 2020-01-17 Cardinal Health, Inc. C 65      Undetermined -0.03%
 2020-01-17 Target Corporation C 105      Undetermined -0.03%
 2020-01-17 AbbVie Inc. C 110      Undetermined -0.03%
 2020-01-17 S&P Global Inc. C 250      Undetermined -0.04%
 2020-01-17 Walgreens Boots Alliance, Inc. C 85      Undetermined -0.04%
 2020-01-17 Nucor Corporation C 77.50      Undetermined -0.04%
 2020-01-17 Lowe's Companies, Inc. C 140      Undetermined -0.04%
 2020-01-17 Illinois Tool Works Inc. C 175      Undetermined -0.04%
 2020-01-17 3M Company C 250      Undetermined -0.05%
 2020-01-17 V.F. Corporation C 110      Undetermined -0.06%
 2020-01-17 Walmart, Inc. C 115      Undetermined -0.07%
 2020-01-17 Automatic Data Processing, Inc. C 175      Undetermined -0.07%
 2020-01-17 Kimberly-Clark Corporation C 140      Undetermined -0.08%
 2020-01-17 Genuine Parts Company C 120      Undetermined -0.09%
 2020-01-17 Chevron Corporation C 140      Undetermined -0.09%
 2020-01-17 Praxair, Inc. C 190      Undetermined -0.16%
 2020-01-17 McDonald's Corporation C 190      Undetermined -0.24%
 2020-01-17 Abbott Laboratories C 80      Undetermined -0.32%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 1.25%, due 03/31/2019
0.84%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 1.25%, due 06/30/2019
0.83%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 1.375%, due 09/30/2019
0.83%
 
Total Number of Holdings:    53
Underlying Securities information represented above is as of 03/25/2019 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.

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.

Consumer Products Risk. The companies engaged in the consumer products sector are subject to global competition, changing government regulations and trade policies, currency fluctuations, and the financial and political risks inherent in producing products for foreign markets.

LEAPS Risk. The value of the LEAPS is deducted from the value of the portfolio assets when determining the value of a unit. As the value of the LEAPS increases, it has a more negative impact on the value of the units. The value of the LEAPS will also be affected by changes in the value and dividend rates of the underlying stocks, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the stocks and the remaining time to expiration. Additionally, the value of the LEAPS does not increase or decrease at the same rate as the underlying stock. However, as the LEAPS approach their expiration date, their value increasingly moves with the price of the stock.

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.

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 Note Risk. The value of U.S. Treasury notes will be adversely affected by decreases in bond prices and increases in interest rates.

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.

All data used for the sector and style classification comparisons is from Bloomberg Finance L.P, which we believe to be reliable, but do not take responsibility for its accuracy.

The style and capitalization characteristics used to describe the stocks are designed to help you understand how they fit into your overall investment plan. Due to changes in the value of the stocks the characteristics may vary over time. In general, growth stocks have high relative price-to-book ratios while value stocks have low relative price-to-book ratios. In determining market capitalization characteristics, we analyze the market capitalizations of the 3,000 largest stocks in the U.S. (excluding foreign securities, ADRs, limited partnerships and regulated investment companies) on a monthly basis. Companies with market capitalizations among the largest 10% are considered Large-Cap securities, the next 20% are considered Mid-Cap securities and the remaining securities are considered Small-Cap securities.

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
30310A687 (Cash)
30310A695 (Cash-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, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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