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Capital Strength Buy-Write, 43  Ticker: FQWSAX
 
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 of well-capitalized companies with strong market positions. 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: CSBW43
Portfolio Status: Secondary
Initial Offer Date: 01/16/2019
Secondary Date: 03/14/2019
Portfolio Ending Date: 01/20/2021
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Historical 12-Month Distribution Rate of Trust Holdings:^ 1.36%
Initial Offer Price: $10.0000
NAV(*): $10.1200
POP(*): $10.3529
Remaining Deferred Sales Charge: $0.2250
* 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 12.65%
Consumer Discretionary  Consumer Discretionary 8.80%
Consumer Staples  Consumer Staples 11.35%
Energy  Energy 7.38%
Financials  Financials 0.00%
Health Care  Health Care 17.39%
Industrials  Industrials 16.14%
Information Technology  Information Technology 25.37%
Materials  Materials 4.28%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
 
  Large Mid Small  
Growth  69.08% 0.00% 0.00%  
Value  34.28% 0.00% 0.00%  

 Style Weighting
Large-Cap Growth 69.08%
Large-Cap Value 34.28%
Mid-Cap Growth 0.00%
Mid-Cap Value 0.00%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined -10.55%
 Composition
U.S. Stocks 92.81%   Bonds/Cash or Cash Equivalents 7.10%
Non-U.S. Stocks 0.00%   Other 0.09%
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
 The Estee Lauder Companies Inc. EL Consumer Staples  Consumer Staples Large-Cap Growth 5.71%
 Costco Wholesale Corporation COST Consumer Staples  Consumer Staples Large-Cap Growth 5.64%
 Mastercard Incorporated MA Information Technology  Information Technology Large-Cap Growth 5.48%
 Electronic Arts Inc. EA Communication Services  Communication Services Large-Cap Growth 4.84%
 Intel Corporation INTC Information Technology  Information Technology Large-Cap Value 4.61%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.52%
 Edwards Lifesciences Corporation EW Health Care  Health Care Large-Cap Growth 4.51%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 4.49%
 Raytheon Company RTN Industrials  Industrials Large-Cap Growth 4.30%
 Nucor Corporation NUE Materials  Materials Large-Cap Value 4.28%
 Ross Stores, Inc. ROST Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.28%
 Delta Air Lines, Inc. DAL Industrials  Industrials Large-Cap Value 4.28%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 4.20%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 4.07%
 Facebook, Inc. (Class A) FB Communication Services  Communication Services Large-Cap Growth 3.96%
 The Walt Disney Company DIS Communication Services  Communication Services Large-Cap Value 3.85%
 Union Pacific Corporation UNP Industrials  Industrials Large-Cap Growth 3.84%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 3.79%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Value 3.72%
 Anthem, Inc. ANTM Health Care  Health Care Large-Cap Value 3.54%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 3.47%
 EOG Resources, Inc. EOG Energy  Energy Large-Cap Value 3.31%
 Adobe Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 3.12%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Growth 2.93%
 Biogen Inc. BIIB Health Care  Health Care Large-Cap Value 2.62%
 2021-01-15 Biogen Inc. C 410      Undetermined -0.04%
 2021-01-15 UnitedHealth Group Incorporated C 310      Undetermined -0.13%
 2021-01-15 AbbVie Inc. C 105      Undetermined -0.13%
 2021-01-15 The Walt Disney Company C 135      Undetermined -0.19%
 2021-01-15 The Home Depot, Inc. C 215      Undetermined -0.25%
 2021-01-15 EOG Resources, Inc. C 120      Undetermined -0.25%
 2021-01-15 Nucor Corporation C 67.50      Undetermined -0.27%
 2021-01-15 Union Pacific Corporation C 185      Undetermined -0.30%
 2021-01-15 Ross Stores, Inc. C 110      Undetermined -0.30%
 2021-01-15 Cummins Inc. C 170      Undetermined -0.34%
 2021-01-15 Valero Energy Corporation C 95      Undetermined -0.36%
 2021-01-15 Raytheon Company C 190      Undetermined -0.39%
 2021-01-15 Delta Air Lines, Inc. C 57.50      Undetermined -0.40%
 2021-01-15 Adobe Incorporated C 290      Undetermined -0.40%
 2021-01-15 Intel Corporation C 60      Undetermined -0.41%
 2021-01-15 Broadcom Inc. C 310      Undetermined -0.45%
 2021-01-15 Microsoft Corporation C 125      Undetermined -0.46%
 2021-01-15 Anthem, Inc. C 310      Undetermined -0.46%
 2021-01-15 Costco Wholesale Corporation C 250      Undetermined -0.53%
 2021-01-15 Facebook, Inc. (Class A) C 180      Undetermined -0.57%
 2021-01-15 Apple Inc. C 185      Undetermined -0.66%
 2021-01-15 Mastercard Incorporated C 240      Undetermined -0.67%
 2021-01-15 Edwards Lifesciences Corporation C 195      Undetermined -0.72%
 2021-01-15 Electronic Arts Inc. C 110      Undetermined -0.85%
 2021-01-15 The Estee Lauder Companies Inc. C 150      Undetermined -1.02%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 0.875%, due 04/15/2019
1.78%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 0.75%, due 07/15/2019
1.78%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 1%, due 10/15/2019
1.77%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 1.375%, due 01/15/2020
1.77%
 
Total Number of Holdings:    54
Underlying Securities information represented above is as of 03/25/2019 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 April 18, 2019
$0.07500 May 20, 2019
$0.07500 June 20, 2019

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.

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.

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.

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
30310N507 (Cash)
30310N515 (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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