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       

60/40 Strategic Allocation, 4th Qtr 2019  Ticker: FRCNOX
A unit investment trust which seeks the potential for above-average total return by investing approximately 60% of its assets in common stocks which are selected by applying a disciplined investment strategy and 40% 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.
Product Code: 6S4Q19
Portfolio Status: Secondary
Initial Offer Date: 10/11/2019
Secondary Date: 01/14/2020
Portfolio Ending Date: 01/19/2021
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.9802
POP(*): $10.1167
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 08/07/2020 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 8/7/2020) Per Unit (as of 8/7/2020)
2.18% $0.22050
^ 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  
 iShares Intermediate-Term Corporate Bond ETF IGIB 1.87%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 1.87%
 Vanguard Mortgage-Backed Securities ETF VMBS 1.80%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 1.79%
 Vanguard Long-Term Corporate Bond ETF VCLT 1.75%
 iShares Long-Term Corporate Bond ETF IGLB 1.74%
 First Trust Senior Loan Fund FTSL 1.72%
 SPDR Portfolio TIPS ETF SPIP 1.70%
 Invesco Senior Loan ETF BKLN 1.70%
 SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 1.70%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 1.70%
 iShares MBS ETF MBB 1.60%
 First Trust Low Duration Opportunities ETF LMBS 1.55%
 iShares Broad USD High Yield Corporate Bond ETF USHY 1.54%
 SPDR Wells Fargo Preferred Stock ETF PSK 1.53%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 1.50%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 1.49%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 1.47%
 VanEck Vectors J.P. Morgan EM Local Currency Bond ETF EMLC 1.45%
 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP 1.41%
 SPDR Portfolio Short Term Treasury ETF SPTS 1.40%
 iShares JPMorgan USD Emerging Markets Bond ETF EMB 1.38%
 First Trust Tactical High Yield ETF HYLS 1.35%
 Vanguard Total International Bond ETF BNDX 1.35%
 First Trust Preferred Securities and Income ETF FPE 1.32%
 Regeneron Pharmaceuticals, Inc. REGN 1.01%
 Vertex Pharmaceuticals Incorporated VRTX 0.79%
 Lam Research Corporation LRCX 0.77%
 The Kroger Co. KR 0.72%
 T-Mobile US, Inc. TMUS 0.72%
 Monster Beverage Corporation MNST 0.72%
 Equinix, Inc. EQIX 0.68%
 Biogen Inc. BIIB 0.67%
 PACCAR Inc PCAR 0.64%
 D.R. Horton, Inc. DHI 0.64%
 T. Rowe Price Group, Inc. TROW 0.62%
 Cummins Inc. CMI 0.62%
 Applied Materials, Inc. AMAT 0.61%
 Lennar Corporation LEN 0.61%
 Alphabet Inc. (Class A) GOOGL 0.61%
 Hormel Foods Corporation HRL 0.60%
 Copart, Inc. CPRT 0.59%
 Dollar General Corporation DG 0.59%
 Bristol-Myers Squibb Company BMY 0.58%
 Target Corporation TGT 0.58%
 Cigna Corporation CI 0.58%
 Cintas Corporation CTAS 0.57%
 Johnson & Johnson JNJ 0.56%
 The Home Depot, Inc. HD 0.56%
 Xcel Energy Inc. XEL 0.55%
 Costco Wholesale Corporation COST 0.55%
 Micron Technology, Inc. MU 0.55%
 AutoZone, Inc. AZO 0.54%
 Sony Corporation (ADR) SNE 0.54%
 HCA Healthcare, Inc. HCA 0.54%
 Walmart, Inc. WMT 0.53%
 PepsiCo, Inc. PEP 0.49%
 Lockheed Martin Corporation LMT 0.49%
 Novo Nordisk A/S (ADR) NVO 0.49%
 Edwards Lifesciences Corporation EW 0.49%
 Accenture Plc ACN 0.49%
 Iberdrola S.A. (ADR) IBDRY 0.49%
 Nintendo Co., Ltd. (ADR) NTDOY 0.49%
 WEC Energy Group, Inc. WEC 0.48%
 Enel SpA (ADR) ENLAY 0.48%
 L'Oreal S.A. (ADR) LRLCY 0.48%
 Waste Management, Inc. WM 0.47%
 The TJX Companies, Inc. TJX 0.47%
 Intel Corporation INTC 0.46%
 Roche Holding AG (ADR) RHHBY 0.46%
 Twitter, Inc. TWTR 0.46%
 The Hershey Company HSY 0.45%
 Duke Energy Corporation DUK 0.44%
 Stryker Corporation SYK 0.44%
 The Allstate Corporation ALL 0.44%
 Northrop Grumman Corporation NOC 0.43%
 KDDI Corporation (ADR) KDDIY 0.43%
 Motorola Solutions, Inc. MSI 0.42%
 The Boston Beer Company, Inc. SAM 0.42%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.42%
 L3Harris Technologies Inc. LHX 0.41%
 Generac Holdings Inc. GNRC 0.41%
 AT&T Inc. T 0.39%
 Consolidated Edison, Inc. ED 0.39%
 Public Storage PSA 0.39%
 Ross Stores, Inc. ROST 0.39%
 Zurich Insurance Group AG (ADR) ZURVY 0.39%
 Volkswagen AG (ADR) VWAGY 0.39%
 Toyota Motor Corporation (ADR) TM 0.38%
 Walgreens Boots Alliance, Inc. WBA 0.38%
 Medtronic Plc MDT 0.37%
 Tyson Foods, Inc. (Class A) TSN 0.37%
 Chevron Corporation CVX 0.37%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.37%
 adidas AG (ADR) ADDYY 0.37%
 Henkel AG & Co. KGaA (ADR) HENKY 0.37%
 Sysco Corporation SYY 0.36%
 EOG Resources, Inc. EOG 0.35%
 Pernod Ricard S.A. (ADR) PDRDY 0.35%
 Cincinnati Financial Corporation CINF 0.34%
 BCE Inc. BCE 0.34%
 Equinor ASA EQNR 0.34%
 Molina Healthcare, Inc. MOH 0.34%
 Vinci S.A. (ADR) VCISY 0.34%
 EssilorLuxottica S.A. (ADR) ESLOY 0.34%
 Engie S.A. (ADR) ENGIY 0.33%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.33%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.32%
 Exxon Mobil Corporation XOM 0.31%
 Total SE (ADR) TOT 0.31%
 The Scotts Miracle-Gro Company SMG 0.31%
 Southwest Airlines Co. LUV 0.30%
 Best Buy Co., Inc. BBY 0.30%
 The Bank of Nova Scotia BNS 0.29%
 Phillips 66 PSX 0.29%
 Teradyne, Inc. TER 0.28%
 Take-Two Interactive Software, Inc. TTWO 0.28%
 Watsco, Inc. WSO 0.28%
 MarketAxess Holdings Inc. MKTX 0.28%
 Exelixis, Inc. EXEL 0.27%
 Eni SpA (ADR) E 0.24%
 BP Plc (ADR) BP 0.24%
 Arthur J. Gallagher & Co. AJG 0.24%
 Quanta Services, Inc. PWR 0.24%
 Knight-Swift Transportation Holdings Inc. KNX 0.24%
 Lancaster Colony Corporation LANC 0.23%
 Expeditors International of Washington, Inc. EXPD 0.23%
 PulteGroup, Inc. PHM 0.23%
 Landstar System, Inc. LSTR 0.23%
 Erie Indemnity Company ERIE 0.23%
 C.H. Robinson Worldwide, Inc. CHRW 0.22%
 Casey's General Stores, Inc. CASY 0.21%
 ONEOK, Inc. OKE 0.21%
 Encompass Health Corporation EHC 0.21%
 Henry Schein, Inc. HSIC 0.21%
 Suncor Energy Inc. SU 0.21%
 AutoNation, Inc. AN 0.21%
 FTI Consulting, Inc. FCN 0.21%
 Royal Dutch Shell Plc (ADR) RDS/A 0.21%
 Owens Corning OC 0.21%
 Gentex Corporation GNTX 0.20%
 NVR, Inc. NVR 0.20%
 MAXIMUS, Inc. MMS 0.20%
 Reliance Steel & Aluminum Co. RS 0.20%
 Medical Properties Trust, Inc. MPW 0.20%
 Snap-on Incorporated SNA 0.19%
 Equity Commonwealth EQC 0.19%
 Toll Brothers, Inc. TOL 0.19%
 CMS Energy Corporation CMS 0.19%
 Steel Dynamics, Inc. STLD 0.19%
 MSC Industrial Direct Co., Inc. (Class A) MSM 0.19%
 The Interpublic Group of Companies, Inc. IPG 0.18%
 Occidental Petroleum Corporation OXY 0.18%
 Lithia Motors, Inc. LAD 0.18%
 LHC Group, Inc. LHCG 0.18%
 First American Financial Corporation FAF 0.18%
 Nucor Corporation NUE 0.17%
 MDU Resources Group, Inc. MDU 0.16%
 Curtiss-Wright Corporation CW 0.16%
 ONE Gas, Inc. OGS 0.16%
 UFP Industries Inc. UFPI 0.15%
 Columbia Sportswear Company COLM 0.15%
 CNX Resources Corporation CNX 0.15%
 DXC Technology Company DXC 0.15%
 Universal Health Services, Inc. (Class B) UHS 0.14%
 Omnicom Group Inc. OMC 0.14%
 Old Republic International Corporation ORI 0.14%
 Darden Restaurants, Inc. DRI 0.14%
 Regal Beloit Corporation RBC 0.14%
 Simpson Manufacturing Co., Inc. SSD 0.14%
 Central Garden & Pet Company (Class A) CENTA 0.14%
 TopBuild Corp. BLD 0.14%
 Performance Food Group Company PFGC 0.14%
 Mohawk Industries, Inc. MHK 0.13%
 Amkor Technology, Inc. AMKR 0.13%
 Foot Locker, Inc. FL 0.13%
 Saia, Inc. SAIA 0.13%
 ALLETE, Inc. ALE 0.13%
 TTEC Holdings, Inc. TTEC 0.13%
 Diodes Incorporated DIOD 0.13%
 Molson Coors Beverage Company TAP 0.13%
 Rush Enterprises, Inc. (Class A) RUSHA 0.13%
 National Beverage Corp. FIZZ 0.13%
 Arena Pharmaceuticals, Inc. ARNA 0.13%
 VEREIT, Inc. VER 0.13%
 Sprouts Farmers Market, Inc. SFM 0.13%
 LGI Homes, Inc. LGIH 0.13%
 Parsley Energy, Inc. (Class A) PE 0.13%
 Houlihan Lokey, Inc. HLI 0.13%
 First Horizon National Corporation FHN 0.12%
 Texas Roadhouse, Inc. TXRH 0.12%
 Stepan Company SCL 0.12%
 Arrowhead Pharmaceuticals, Inc. ARWR 0.12%
 TRI Pointe Group, Inc. TPH 0.12%
 BMC Stock Holdings, Inc. BMCH 0.12%
 Cirrus Logic, Inc. CRUS 0.11%
 Dick's Sporting Goods, Inc. DKS 0.11%
 Hub Group, Inc. HUBG 0.11%
 Exponent, Inc. EXPO 0.11%
 Aramark ARMK 0.11%
 UniFirst Corporation UNF 0.10%
 Insight Enterprises, Inc. NSIT 0.10%
 M.D.C. Holdings, Inc. MDC 0.10%
 WD-40 Company WDFC 0.10%
 Cohen & Steers, Inc. CNS 0.10%
 Asbury Automotive Group, Inc. ABG 0.10%
 Telephone and Data Systems, Inc. TDS 0.09%
 Vishay Intertechnology, Inc. VSH 0.09%
 HMS Holdings Corp. HMSY 0.09%
 Brady Corporation BRC 0.09%
 Cabot Corporation CBT 0.09%
 PriceSmart, Inc. PSMT 0.09%
 HollyFrontier Corporation HFC 0.09%
 Taylor Morrison Home Corporation (Class A) TMHC 0.09%
 Otter Tail Corporation OTTR 0.08%
 Kohl's Corporation KSS 0.08%
 Simmons First National Corporation SFNC 0.08%
 Universal Corporation UVV 0.08%
 Avista Corporation AVA 0.08%
 Employers Holdings, Inc. EIG 0.08%
 Knowles Corporation KN 0.08%
 Northwest Natural Holding Company NWN 0.08%
 Urban Outfitters, Inc. URBN 0.07%
 Scholastic Corporation SCHL 0.07%
 J & J Snack Foods Corp. JJSF 0.07%
 Safety Insurance Group, Inc. SAFT 0.07%
 Renasant Corporation RNST 0.07%
 Graham Holdings Company GHC 0.06%
 Steven Madden, Ltd. SHOO 0.06%
 Inter Parfums, Inc. IPAR 0.06%
 Apple Hospitality REIT, Inc. APLE 0.06%
 American National Group, Inc. ANAT 0.06%
 Spirit Airlines, Inc. SAVE 0.05%
 AAR CORP. AIR 0.04%
 Occidental Petroleum Corporation (Warrant) OXY/WS 0.01%
Total Number of Holdings:    235
Underlying Securities information represented above is as of 08/07/2020 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 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.

Fund Cusip Information
30311Q624 (Cash)
30311Q632 (Reinvest)
30311Q640 (Cash-Fee)
30311Q657 (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 professionals 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. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2020 All rights reserved.