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Corporate Investment Grade, 3-7 Year, 8  Ticker: FRHVZX
 
Description
This unit investment trust seeks current income and capital preservation by investing in a portfolio of investment grade corporate bonds.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: CI378
Portfolio Status: Secondary
Initial Offer Date: 03/26/2019
Secondary Date: 04/25/2019
Wtd Avg Maturity: 4.6
ELTR Life: 4.6
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,054.2200
NAV(*): $1,044.1100
POP(*): $1,070.8900
PAR(*): $1,000.7000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/16/2019 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.

 Income Information
CUSIP Frequency / Distributions Accrued Interest Estimated Annual Income Estimated Current Return Estimated Long Term Return
302652623 Monthly $0.8400 $37.2600 3.480% 2.187%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
02209SAS2 200,000 ALTRIA GROUP INC N/C, 4%, due 01/31/2024  BBB   4.00000 01/31/2024M    
042735BG4 200,000 ARROW ELECTRONICS INC 3.25%, due 09/08/2024  BBB-   3.25000 09/08/2024M 07/08/2024 100.0000
05329WAN2 135,000 AUTONATION INC 3.50%, due 11/15/2024  BBB-   3.50000 11/15/2024M 09/15/2024 100.0000
06367WHH9 200,000 BANK OF MONTREAL N/C, 3.30%, due 02/05/2024  A-   3.30000 02/05/2024M    
064159MK9 200,000 BANK OF NOVA SCOTIA N/C, 3.40%, due 02/11/2024  A-   3.40000 02/11/2024M    
096630AD0 200,000 BOARDWALK PIPELINES LP 4.95%, due 12/15/2024  BBB-   4.95000 12/15/2024M 09/15/2024 100.0000
205887CA8 200,000 CONAGRA BRANDS INC 4.30%, due 05/01/2024  BBB-   4.30000 05/01/2024M 04/01/2024 100.0000
256746AF5 200,000 DOLLAR TREE INC 3.70%, due 05/15/2023  BBB-   3.70000 05/15/2023M 04/15/2023 100.0000
23355LAC0 200,000 DXC TECHNOLOGY CO 4.25%, due 04/15/2024  BBB   4.25000 04/15/2024M 02/15/2024 100.0000
279158AK5 200,000 ECOPETROL SA 4.125%, due 01/16/2025  BBB-   4.12500 01/16/2025M    
361448BD4 200,000 GATX CORP 4.35%, due 02/15/2024  BBB   4.35000 02/15/2024M 01/15/2024 100.0000
36962G6S8 200,000 GENERAL ELECTRIC CO N/C, 3.10%, due 01/09/2023  BBB+   3.10000 01/09/2023M    
37045XBK1 200,000 GENERAL MOTORS FINL CO 3.70%, due 05/09/2023  BBB   3.70000 05/09/2023M 03/09/2023 100.0000
373298CF3 180,000 GEORGIA-PACIFIC LLC 8%, due 01/15/2024  A+   8.00000 01/15/2024M    
375558AW3 200,000 GILEAD SCIENCES INC 3.70%, due 04/01/2024  A   3.70000 04/01/2024M 01/01/2024 100.0000
44106MAS1 200,000 HOSPITALITY PROP TRUST 4.65%, due 03/15/2024  BBB-   4.65000 03/15/2024M 09/15/2023 100.0000
571900BB4 200,000 MARRIOTT INTERNATIONAL 3.60%, due 04/15/2024  BBB   3.60000 04/15/2024M 03/15/2024 100.0000
606822BD5 200,000 MITSUBISHI UFJ FIN GRP N/C, 3.407%, due 03/07/2024  A-   3.40700 03/07/2024M    
686330AL5 200,000 ORIX CORP N/C, 4.05%, due 01/16/2024  A-   4.05000 01/16/2024M    
747525AT0 200,000 QUALCOMM INC 2.90%, due 05/20/2024  A-   2.90000 05/20/2024M 03/20/2024 100.0000
778296AA1 200,000 ROSS STORES INC 3.375%, due 09/15/2024  A-   3.37500 09/15/2024M 06/15/2024 100.0000
80283LAJ2 200,000 Santander UK PLC 4%, due 03/13/2024  A   4.00000 03/13/2024M    
87165BAN3 200,000 SYNCHRONY FINANCIAL 4.375%, due 03/19/2024  BBB-   4.37500 03/19/2024M 02/19/2024 100.0000
03879QAF1 200,000 VEREIT OPERATING PARTNER 4.6%, due 02/06/2024  BBB-   4.60000 02/06/2024M 11/06/2023 100.0000
95000U2C6 200,000 WELLS FARGO & COMPANY 3.75%, due 01/24/2024  A-   3.75000 01/24/2024M 12/22/2023 100.0000
 
Total Number of Holdings:    25


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.

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

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.

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.

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
302652623 (Cash)
302652631 (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, 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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