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       
 
 

75/25 Strategic Allocation, 3rd Qtr 2019  Ticker: FWLBEX
 
Description
A unit investment trust which seeks the potential for above-average total return by investing approximately 75% of its assets in common stocks which are selected by applying a disciplined investment strategy and 25% of its assets in exchange-traded funds which invest in fixed-income securities.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: 7S3Q19
Portfolio Status: Secondary
Initial Offer Date: 07/11/2019
Secondary Date: 10/11/2019
Portfolio Ending Date: 10/16/2020
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.8726
POP(*): $10.0077
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 06/05/2020 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 6/5/2020) Per Unit (as of 6/1/2020)
2.01% $0.20090
^ 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. Due to the negative economic impact across many industries caused by the recent COVID-19 outbreak, certain issuers of the securities included in the trust may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "Historical 12-Month Distribution Rate of Trust Holdings," which is based on the trailing twelve-month distributions paid by the securities included in a trust, will likely be higher, and in some cases significantly higher, than the actual distribution rate achieved by the trust. 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. 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. 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.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 1.20%
 Schwab U.S. TIPS ETF SCHP 1.20%
 Vanguard Mortgage-Backed Securities ETF VMBS 1.18%
 First Trust Low Duration Opportunities ETF LMBS 1.14%
 First Trust Senior Loan Fund FTSL 1.11%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 1.09%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 1.09%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 1.08%
 Vanguard Long-Term Corporate Bond ETF VCLT 1.08%
 Invesco Senior Loan ETF BKLN 1.08%
 iShares Long-Term Corporate Bond ETF IGLB 1.08%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 1.08%
 iShares Intermediate-Term Corporate Bond ETF IGIB 1.06%
 SPDR Portfolio TIPS ETF SPIP 1.06%
 First Trust TCW Opportunistic Fixed Income ETF FIXD 1.06%
 Apple Inc. AAPL 1.00%
 Lam Research Corporation LRCX 0.99%
 Vanguard Intermediate-Term Treasury ETF VGIT 0.95%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 0.94%
 VanEck Vectors J.P. Morgan EM Local Currency Bond ETF EMLC 0.92%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 0.91%
 iShares International Aggregate Bond ETF IAGG 0.90%
 First Trust Tactical High Yield ETF HYLS 0.86%
 iShares iBoxx $ High Yield Corporate Bond ETF HYG 0.85%
 iShares Preferred & Income Securities ETF PFF 0.85%
 First Trust Preferred Securities and Income ETF FPE 0.85%
 Bristol-Myers Squibb Company BMY 0.84%
 iShares JPMorgan USD Emerging Markets Bond ETF EMB 0.84%
 Intel Corporation INTC 0.83%
 Dollar General Corporation DG 0.83%
 Applied Materials, Inc. AMAT 0.82%
 Equinix, Inc. EQIX 0.82%
 PayPal Holdings, Inc. PYPL 0.81%
 T-Mobile US, Inc. TMUS 0.80%
 Micron Technology, Inc. MU 0.76%
 Hormel Foods Corporation HRL 0.73%
 T. Rowe Price Group, Inc. TROW 0.73%
 Costco Wholesale Corporation COST 0.72%
 Facebook, Inc. (Class A) FB 0.72%
 Cintas Corporation CTAS 0.71%
 Best Buy Co., Inc. BBY 0.70%
 Ecolab Inc. ECL 0.70%
 Eversource Energy ES 0.69%
 Lockheed Martin Corporation LMT 0.69%
 Baxter International Inc. BAX 0.68%
 WEC Energy Group, Inc. WEC 0.68%
 PACCAR Inc PCAR 0.68%
 The Estee Lauder Companies Inc. EL 0.68%
 Air Products and Chemicals, Inc. APD 0.68%
 Monster Beverage Corporation MNST 0.68%
 Xcel Energy Inc. XEL 0.67%
 Intercontinental Exchange, Inc. ICE 0.67%
 Cummins Inc. CMI 0.66%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.66%
 Novo Nordisk A/S (ADR) NVO 0.65%
 Northrop Grumman Corporation NOC 0.65%
 The Procter & Gamble Company PG 0.64%
 Duke Energy Corporation DUK 0.62%
 The Allstate Corporation ALL 0.62%
 AutoZone, Inc. AZO 0.61%
 Sony Corporation (ADR) SNE 0.61%
 PepsiCo, Inc. PEP 0.61%
 Ross Stores, Inc. ROST 0.61%
 AT&T Inc. T 0.60%
 Stryker Corporation SYK 0.60%
 The Progressive Corporation PGR 0.60%
 Iberdrola S.A. (ADR) IBDRY 0.59%
 Enel SpA (ADR) ENLAY 0.59%
 Waste Management, Inc. WM 0.58%
 NTT DOCOMO, Inc. (ADR) DCMYY 0.58%
 Honeywell International Inc. HON 0.57%
 Constellation Brands, Inc. (Class A) STZ 0.56%
 KDDI Corporation (ADR) KDDIY 0.56%
 Motorola Solutions, Inc. MSI 0.55%
 Boston Scientific Corporation BSX 0.55%
 Nintendo Co., Ltd. (ADR) NTDOY 0.55%
 The Walt Disney Company DIS 0.54%
 DTE Energy Company DTE 0.53%
 Consolidated Edison, Inc. ED 0.53%
 Koninklijke Philips N.V. (NY Shares) PHG 0.53%
 Accenture Plc ACN 0.53%
 L'Oreal S.A. (ADR) LRLCY 0.53%
 Phillips 66 PSX 0.53%
 EssilorLuxottica S.A. (ADR) ESLOY 0.53%
 Sysco Corporation SYY 0.52%
 Linde Plc LIN 0.52%
 Public Storage PSA 0.51%
 Toyota Motor Corporation (ADR) TM 0.50%
 HCA Healthcare, Inc. HCA 0.50%
 Walgreens Boots Alliance, Inc. WBA 0.50%
 Medtronic Plc MDT 0.49%
 Tyson Foods, Inc. (Class A) TSN 0.49%
 The Hartford Financial Services Group, Inc. HIG 0.49%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.49%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.49%
 Chevron Corporation CVX 0.48%
 Henkel AG & Co. KGaA (ADR) HENKY 0.48%
 Rio Tinto Plc (ADR) RIO 0.47%
 adidas AG (ADR) ADDYY 0.47%
 Chubb Limited CB 0.46%
 Ulta Beauty, Inc. ULTA 0.46%
 Aflac Incorporated AFL 0.44%
 Allianz SE (ADR) ALIZY 0.43%
 Danone S.A. (ADR) DANOY 0.42%
 Ford Motor Company F 0.41%
 The Bank of Nova Scotia BNS 0.41%
 Teradyne, Inc. TER 0.40%
 The Toronto-Dominion Bank TD 0.40%
 Equinor ASA EQNR 0.40%
 Concho Resources Inc. CXO 0.40%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.39%
 Cie. Financiere Richemont S.A. (ADR) CFRUY 0.39%
 EOG Resources, Inc. EOG 0.38%
 Total S.A. (ADR) TOT 0.37%
 MarketAxess Holdings Inc. MKTX 0.35%
 Lennar Corporation LEN 0.32%
 Molina Healthcare, Inc. MOH 0.32%
 Knight-Swift Transportation Holdings Inc. KNX 0.32%
 Eni SpA (ADR) E 0.31%
 Chemed Corporation CHE 0.31%
 The New York Times Company (Class A) NYT 0.30%
 D.R. Horton, Inc. DHI 0.30%
 Copart, Inc. CPRT 0.30%
 Deckers Outdoor Corporation DECK 0.30%
 Gentex Corporation GNTX 0.29%
 Expeditors International of Washington, Inc. EXPD 0.28%
 Take-Two Interactive Software, Inc. TTWO 0.28%
 Quanta Services, Inc. PWR 0.28%
 Reliance Steel & Aluminum Co. RS 0.28%
 PulteGroup, Inc. PHM 0.27%
 Arthur J. Gallagher & Co. AJG 0.27%
 Landstar System, Inc. LSTR 0.27%
 Exelixis, Inc. EXEL 0.27%
 Watsco, Inc. WSO 0.27%
 Royal Dutch Shell Plc (ADR) RDS/A 0.27%
 Lancaster Colony Corporation LANC 0.26%
 NVR, Inc. NVR 0.26%
 Medical Properties Trust, Inc. MPW 0.26%
 Equity Commonwealth EQC 0.25%
 C.H. Robinson Worldwide, Inc. CHRW 0.25%
 F5 Networks, Inc. FFIV 0.25%
 Owens Corning OC 0.25%
 First American Financial Corporation FAF 0.25%
 Toll Brothers, Inc. TOL 0.24%
 Tetra Tech, Inc. TTEK 0.24%
 Oshkosh Corporation OSK 0.24%
 Broadridge Financial Solutions, Inc. BR 0.24%
 Snap-on Incorporated SNA 0.23%
 ONE Gas, Inc. OGS 0.23%
 IDACORP, Inc. IDA 0.22%
 Vulcan Materials Company VMC 0.22%
 First Citizens BancShares, Inc. (Class A) FCNCA 0.22%
 Avangrid, Inc. AGR 0.22%
 Nucor Corporation NUE 0.21%
 Sonoco Products Company SON 0.21%
 Columbia Sportswear Company COLM 0.21%
 Cabot Oil & Gas Corporation COG 0.21%
 Universal Health Services, Inc. (Class B) UHS 0.20%
 Pinnacle West Capital Corporation PNW 0.20%
 Cirrus Logic, Inc. CRUS 0.20%
 EMCOR Group, Inc. EME 0.20%
 Occidental Petroleum Corporation OXY 0.20%
 PS Business Parks, Inc. PSB 0.20%
 Old Republic International Corporation ORI 0.19%
 TopBuild Corp. BLD 0.19%
 Werner Enterprises, Inc. WERN 0.18%
 Cracker Barrel Old Country Store, Inc. CBRL 0.18%
 Darden Restaurants, Inc. DRI 0.18%
 Mohawk Industries, Inc. MHK 0.18%
 Meritage Homes Corporation MTH 0.18%
 ALLETE, Inc. ALE 0.18%
 II-VI Incorporated IIVI 0.17%
 Simpson Manufacturing Co., Inc. SSD 0.17%
 CNX Resources Corporation CNX 0.17%
 FTI Consulting, Inc. FCN 0.17%
 National Beverage Corp. FIZZ 0.17%
 Cohen & Steers, Inc. CNS 0.17%
 Erie Indemnity Company ERIE 0.17%
 Performance Food Group Company PFGC 0.17%
 UFP Industries Inc. UFPI 0.16%
 Euronet Worldwide, Inc. EEFT 0.16%
 LHC Group, Inc. LHCG 0.16%
 Central Garden & Pet Company (Class A) CENTA 0.16%
 Cincinnati Financial Corporation CINF 0.15%
 Hub Group, Inc. HUBG 0.15%
 Lithia Motors, Inc. LAD 0.15%
 Arrowhead Pharmaceuticals, Inc. ARWR 0.15%
 TRI Pointe Group, Inc. TPH 0.15%
 BMC Stock Holdings, Inc. BMCH 0.15%
 Parsley Energy, Inc. (Class A) PE 0.15%
 Regal Beloit Corporation RBC 0.14%
 Southwestern Energy Company SWN 0.14%
 Silgan Holdings Inc. SLGN 0.14%
 Cal-Maine Foods, Inc. CALM 0.14%
 Stepan Company SCL 0.14%
 Arena Pharmaceuticals, Inc. ARNA 0.14%
 Brady Corporation BRC 0.13%
 UniFirst Corporation UNF 0.13%
 AutoNation, Inc. AN 0.13%
 HMS Holdings Corp. HMSY 0.12%
 Louisiana-Pacific Corporation LPX 0.12%
 Insight Enterprises, Inc. NSIT 0.12%
 M.D.C. Holdings, Inc. MDC 0.12%
 Knowles Corporation KN 0.12%
 Cooper Tire & Rubber Company CTB 0.11%
 Cabot Corporation CBT 0.11%
 Steven Madden, Ltd. SHOO 0.11%
 Avista Corporation AVA 0.11%
 iRobot Corporation IRBT 0.11%
 Dorman Products, Inc. DORM 0.11%
 Diamondback Energy, Inc. FANG 0.11%
 Northwest Natural Holding Company NWN 0.11%
 Otter Tail Corporation OTTR 0.10%
 Universal Corporation UVV 0.10%
 J & J Snack Foods Corp. JJSF 0.10%
 NorthWestern Corporation NWE 0.10%
 Safety Insurance Group, Inc. SAFT 0.10%
 Healthcare Services Group, Inc. HCSG 0.10%
 Inter Parfums, Inc. IPAR 0.10%
 CVR Energy, Inc. CVI 0.10%
 The Ensign Group, Inc. ENSG 0.10%
 Pacific Premier Bancorp, Inc. PPBI 0.10%
 Employers Holdings, Inc. EIG 0.09%
 Renasant Corporation RNST 0.09%
 Evercore Inc. EVR 0.09%
 Apple Hospitality REIT, Inc. APLE 0.09%
 American National Insurance Company ANAT 0.08%
 Telephone and Data Systems, Inc. TDS 0.08%
 Antero Resources Corporation AR 0.08%
 DXC Technology Company DXC 0.08%
 Herman Miller, Inc. MLHR 0.07%
 NMI Holdings, Inc. (Class A) NMIH 0.07%
 Graham Holdings Company GHC 0.06%
 The Pennant Group, Inc. PNTG 0.03%
 Callon Petroleum Company CPE 0.02%
 
Total Number of Holdings:    235
Underlying Securities information represented above is as of 06/04/2020 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.

Covenant-Lite Loan Risk. Certain of the funds invest significantly in "covenant-lite" loans, which are loans made with minimal protections for the lender. Because covenant-lite loans are less restrictive on borrowers and provide less protection for lenders than typical corporate loans, the risk of default may be significantly higher.

COVID-19 Economic Impact Risk. The recent outbreak of a respiratory disease designated as COVID-19 was first detected in China in December 2019. The global economic impact of the COVID-19 outbreak is impossible to predict but is expected to disrupt manufacturing, supply chains and sales in affected areas and negatively impact global economic growth prospects. The COVID-19 outbreak has also caused significant volatility and declines in global financial markets, which have caused losses for investors. The impact of the COVID-19 outbreak may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.

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 LIBOR Risk. Certain of the floating-rate securities pay interest based on LIBOR. Due to the uncertainty regarding the future utilization of LIBOR and the nature of any replacement rate, the potential effect of a transition away from LIBOR on a fund or the financial instruments in which the fund invests cannot yet be determined.

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.

High-Yield or Junk Bonds Risk. Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

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.

Mortgage-Backed Securities Risk. Rising interest rates tend to extend the duration of mortgage-backed securities, making them more sensitive to changes in interest rates, and may reduce the market value of the securities. In addition, mortgage-backed securities are subject to prepayment risk, the risk that borrowers may pay off their mortgages sooner than expected, particularly when interest rates decline.

REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

Senior Loans Risk. The yield on senior loans will generally decline in a falling interest rate environment and increase in a rising interest rate environment. Senior loans are generally below investment grade quality ("junk" bonds). An investment in senior loans involves the risk that the borrowers may default on their obligations to pay principal or interest when due.

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.

Term Risk - 15 months. Although this unit investment trust terminates in approximately 15 months, the strategy is long-term. Investors should consider their ability to pursue investing in successive portfolios, if available. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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.

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 cybersecurity.

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
30311B346 (Cash)
30311B353 (Reinvest)
30311B361 (Cash-Fee)
30311B379 (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 © 2020 All rights reserved.