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Corporate Investment Grade, 3-7 Year, 9  Ticker: FHAYGX
 
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: CI379
Portfolio Status: Secondary
Initial Offer Date: 05/09/2019
Secondary Date: 07/12/2019
Wtd Avg Maturity: 0.5
ELTR Life: 0.5
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,069.6400
NAV(*): $638.2200
POP(*): Not Avail
PAR(*): $641.9000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/27/2024 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
30309C645 Monthly $1.1600 $18.7300
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 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
00507UAS0 200,000 ALLERGAN FUNDING SCS 3.80%, due 03/15/2025  NR   3.80000 03/15/2025M 12/15/2024 100.0000
05329WAN2 155,000 AUTONATION INC 3.50%, due 11/15/2024  BBB-   3.50000 11/15/2024M 09/15/2024 100.0000
06051GFF1 105,000 BANK OF AMERICA CORP N/C, 4%, due 04/01/2024  A-   4.00000 04/01/2024M    
096630AD0 155,000 BOARDWALK PIPELINES LP 4.95%, due 12/15/2024  BBB-   4.95000 12/15/2024M 09/15/2024 100.0000
15089QAJ3 145,000 CELANESE US HOLDINGS LLC 3.50%, due 05/08/2024  BBB-   3.50000 05/08/2024M 04/26/2024 100.0000
375558AW3 135,000 GILEAD SCIENCES INC 3.70%, due 04/01/2024  BBB+   3.70000 04/01/2024M 04/26/2024 100.0000
524671AA2 145,000 LEGRAND FRANCE SA 8.50%, due 02/15/2025  A-   8.50000 02/15/2025M    
559222AQ7 80,000 MAGNA INTERNATIONAL INC 3.625%, due 06/15/2024  A-   3.62500 06/15/2024M 04/26/2024 100.0000
778296AA1 50,000 ROSS STORES INC 3.375%, due 09/15/2024  BBB+   3.37500 09/15/2024M 06/15/2024 100.0000
860630AD4 110,000 STIFEL FINANCIAL CORP 4.25%, due 07/18/2024  BBB-   4.25000 07/18/2024M    
887389AJ3 170,000 TIMKEN CO 3.875%, due 09/01/2024  BBB-   3.87500 09/01/2024M 06/01/2024 100.0000
94974BGH7 100,000 WELLS FARGO & COMPANY 3%, due 02/19/2025  BBB+   3.00000 02/19/2025M    
 
Total Number of Holdings:    12


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.

COVID-19 Economic Impact Risk. The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

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. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. 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 cybersecurity.

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 professional 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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30309C645 (Cash)
30309C652 (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 professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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