Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 

Senior Loan and Dividend Growers, 22  Ticker: FPRSTX
 
Description
This unit investment trust invests in common stocks of companies with a history of dividend growth and the capacity to increase their dividends over time, as well as closed-end funds and exchange-traded funds which invest in senior loan floating rate securities. The portfolio seeks to provide current monthly income and capital appreciation.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: SLDV22
Portfolio Status: Secondary
Initial Offer Date: 02/19/2019
Secondary Date: 04/30/2019
Portfolio Ending Date: 02/19/2021
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.6326
POP(*): $9.8543
Remaining Deferred Sales Charge: $0.1500
* As of Trade Date: 06/14/2019 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.

 Historical 12-Month Distribution of Trust Holdings:^
Rate (as of 6/14/2019) Per Unit (as of 6/14/2019)
4.34% $0.42800
^There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical 12-month distribution per unit and historical 12-month distribution rate of the securities included in the trust are for illustrative purposes only and are not indicative of the trust's distribution or distribution rate. The historical 12-month distribution per unit is based on the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio. The historical 12-month distribution rate is calculated by dividing the historical 12-month distributions by the trust's offering price. The historical 12-month distribution and rate are 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 per unit and 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  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 SPDR Blackstone/GSO Senior Loan ETF SRLN 6.25%
 Invesco Senior Loan ETF BKLN 6.24%
 Highland/iBoxx Senior Loan ETF SNLN 6.24%
 First Trust Senior Loan Fund FTSL 6.20%
 Voya Prime Rate Trust PPR 5.05%
 Apollo Senior Floating Rate Fund Inc. AFT 5.04%
 Nuveen Short Duration Credit Opportunities Fund JSD 4.96%
 Nuveen Floating Rate Income Opportunity Fund JRO 4.93%
 THL Credit Senior Loan Fund TSLF 4.93%
 Target Corporation TGT 2.39%
 McDonald's Corporation MCD 2.31%
 Lockheed Martin Corporation LMT 2.28%
 Delta Air Lines, Inc. DAL 2.19%
 Cummins Inc. CMI 2.13%
 Prudential Financial, Inc. PRU 2.11%
 Altria Group, Inc. MO 2.08%
 JPMorgan Chase & Co. JPM 2.08%
 Morgan Stanley MS 2.03%
 KLA-Tencor Corporation KLAC 2.01%
 Pfizer Inc. PFE 2.00%
 SunTrust Banks, Inc. STI 1.99%
 Eaton Corporation Plc ETN 1.99%
 Texas Instruments Incorporated TXN 1.97%
 KeyCorp KEY 1.96%
 AbbVie Inc. ABBV 1.95%
 Exxon Mobil Corporation XOM 1.94%
 Archer-Daniels-Midland Company ADM 1.93%
 Packaging Corporation of America PKG 1.92%
 CenterPoint Energy, Inc. CNP 1.91%
 Broadcom Inc. AVGO 1.89%
 Valero Energy Corporation VLO 1.82%
 International Paper Company IP 1.81%
 Phillips 66 PSX 1.77%
 CVS Health Corporation CVS 1.54%
 
Total Number of Holdings:    34
Underlying Securities information represented above is as of 06/14/2019 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 May 20, 2019
$0.07500 June 20, 2019
$0.07500 July 19, 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.

Closed-End Fund and ETF Risk. Closed-end funds and 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, closed-end funds 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 and closed-end funds frequently trade at a discount from their net asset value in the secondary market. Certain closed-end funds in which the portfolio invests may employ the use of leverage, which increases the volatility of such funds.

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.

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.

Limited Duration Bonds Risk. Limited duration bonds are subject to interest rate risk, which is the risk that the value of a security will fall if interest rates increase. While limited duration bonds are generally subject to less interest rate sensitivity than longer duration bonds, there can be no assurance that interest rates will rise during the life of the trust.

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.

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.

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
30310P809 (Cash)
30310P817 (Reinvest)
30310P825 (Cash-Fee)
30310P833 (Reinvest-Fee)
Printer Friendly Page Printer Friendly Page

 
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.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.