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40/60 Strategic Allocation, 1st Qtr 2020  Ticker: FONGBX
 
Description
A unit investment trust which seeks the potential for above-average total return by investing approximately 40% of its assets in common stocks which are selected by applying a disciplined investment strategy and 60% 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: 4S1Q20
Portfolio Status: Secondary
Initial Offer Date: 01/14/2020
Secondary Date: 04/14/2020
Portfolio Ending Date: 04/16/2021
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $8.9882
POP(*): $9.1112
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 05/22/2020 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 5/22/2020) Per Unit (as of 5/22/2020)
2.84% $0.25870
^ 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
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 2.96%
 SPDR Wells Fargo Preferred Stock ETF PSK 2.75%
 Invesco Senior Loan ETF BKLN 2.72%
 First Trust Senior Loan Fund FTSL 2.72%
 iShares MBS ETF MBB 2.67%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 2.67%
 SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 2.67%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 2.67%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 2.67%
 Vanguard Mortgage-Backed Securities ETF VMBS 2.66%
 iShares Intermediate-Term Corporate Bond ETF IGIB 2.62%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 2.62%
 VanEck Vectors J.P. Morgan EM Local Currency Bond ETF EMLC 2.61%
 iShares Long-Term Corporate Bond ETF IGLB 2.61%
 First Trust Low Duration Opportunities ETF LMBS 2.59%
 SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 2.41%
 SPDR Portfolio TIPS ETF SPIP 2.36%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 2.36%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 2.32%
 Vanguard Total International Bond ETF BNDX 2.31%
 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP 2.30%
 iShares Short Treasury Bond ETF SHV 2.28%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 2.28%
 First Trust Tactical High Yield ETF HYLS 2.13%
 First Trust Preferred Securities and Income ETF FPE 2.05%
 Regeneron Pharmaceuticals, Inc. REGN 0.55%
 Newmont Corporation NEM 0.54%
 Vertex Pharmaceuticals Incorporated VRTX 0.45%
 T-Mobile US, Inc. TMUS 0.44%
 Equinix, Inc. EQIX 0.42%
 Dollar General Corporation DG 0.42%
 Electronic Arts Inc. EA 0.40%
 Eli Lilly and Company LLY 0.39%
 Intel Corporation INTC 0.38%
 Biogen Inc. BIIB 0.38%
 Monster Beverage Corporation MNST 0.38%
 Costco Wholesale Corporation COST 0.37%
 Hormel Foods Corporation HRL 0.37%
 Centene Corporation CNC 0.37%
 UnitedHealth Group Incorporated UNH 0.36%
 Air Products and Chemicals, Inc. APD 0.36%
 Twitter, Inc. TWTR 0.36%
 Alphabet Inc. (Class A) GOOGL 0.35%
 Target Corporation TGT 0.34%
 PepsiCo, Inc. PEP 0.34%
 Edwards Lifesciences Corporation EW 0.34%
 Anthem, Inc. ANTM 0.34%
 Cigna Corporation CI 0.34%
 Duke Energy Corporation DUK 0.33%
 NIKE, Inc. (Class B) NKE 0.33%
 Alexion Pharmaceuticals, Inc. ALXN 0.33%
 Stryker Corporation SYK 0.32%
 PACCAR Inc PCAR 0.32%
 The Hershey Company HSY 0.32%
 Lockheed Martin Corporation LMT 0.32%
 T. Rowe Price Group, Inc. TROW 0.32%
 Novo Nordisk A/S (ADR) NVO 0.32%
 Cummins Inc. CMI 0.32%
 Copart, Inc. CPRT 0.32%
 VMware, Inc. VMW 0.32%
 Cintas Corporation CTAS 0.31%
 The TJX Companies, Inc. TJX 0.31%
 Best Buy Co., Inc. BBY 0.31%
 The Estee Lauder Companies Inc. EL 0.31%
 Public Storage PSA 0.31%
 Roche Holding AG (ADR) RHHBY 0.31%
 Northrop Grumman Corporation NOC 0.31%
 L3Harris Technologies Inc. LHX 0.31%
 Nintendo Co., Ltd. (ADR) NTDOY 0.30%
 Deere & Company DE 0.29%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.29%
 AT&T Inc. T 0.28%
 Automatic Data Processing, Inc. ADP 0.28%
 Micron Technology, Inc. MU 0.28%
 Ross Stores, Inc. ROST 0.28%
 Chevron Corporation CVX 0.28%
 Iberdrola S.A. (ADR) IBDRY 0.28%
 KDDI Corporation (ADR) KDDIY 0.28%
 L'Oreal S.A. (ADR) LRLCY 0.27%
 Sony Corporation (ADR) SNE 0.26%
 Dassault Systemes S.E. (ADR) DASTY 0.26%
 Schneider Electric SE (ADR) SBGSY 0.26%
 HCA Healthcare, Inc. HCA 0.26%
 Walgreens Boots Alliance, Inc. WBA 0.26%
 Linde Plc LIN 0.26%
 British American Tobacco Plc (ADR) BTI 0.25%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.25%
 Rio Tinto Plc (ADR) RIO 0.25%
 ConocoPhillips COP 0.24%
 Honda Motor Co., Ltd. (ADR) HMC 0.24%
 Exxon Mobil Corporation XOM 0.23%
 Tyson Foods, Inc. (Class A) TSN 0.23%
 Enbridge Inc. ENB 0.23%
 Henkel AG & Co. KGaA (ADR) HENKY 0.23%
 Sysco Corporation SYY 0.22%
 EOG Resources, Inc. EOG 0.22%
 Vinci S.A. (ADR) VCISY 0.22%
 EssilorLuxottica S.A. (ADR) ESLOY 0.22%
 Volkswagen AG (ADR) VWAGY 0.22%
 Fifth Third Bancorp FITB 0.21%
 M&T Bank Corporation MTB 0.21%
 Equinor ASA EQNR 0.21%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.21%
 adidas AG (ADR) ADDYY 0.20%
 Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY 0.20%
 Total S.A. (ADR) TOT 0.19%
 Southwest Airlines Co. LUV 0.19%
 Exelixis, Inc. EXEL 0.19%
 Molina Healthcare, Inc. MOH 0.19%
 The Bank of Nova Scotia BNS 0.19%
 Fortinet, Inc. FTNT 0.18%
 ONEOK, Inc. OKE 0.17%
 ViacomCBS Inc. VIAC 0.17%
 Eni SpA (ADR) E 0.17%
 Take-Two Interactive Software, Inc. TTWO 0.16%
 Entegris, Inc. ENTG 0.16%
 BNP Paribas S.A. (ADR) BNPQY 0.16%
 Royal Dutch Shell Plc (ADR) RDS/A 0.16%
 Amedisys, Inc. AMED 0.16%
 LHC Group, Inc. LHCG 0.16%
 Quidel Corporation QDEL 0.16%
 D.R. Horton, Inc. DHI 0.15%
 Suncor Energy Inc. SU 0.15%
 Erie Indemnity Company ERIE 0.15%
 Knight-Swift Transportation Holdings Inc. KNX 0.15%
 Encompass Health Corporation EHC 0.14%
 Expeditors International of Washington, Inc. EXPD 0.14%
 Arthur J. Gallagher & Co. AJG 0.14%
 Landstar System, Inc. LSTR 0.14%
 Watsco, Inc. WSO 0.14%
 Delta Air Lines, Inc. DAL 0.14%
 Casey's General Stores, Inc. CASY 0.13%
 Lancaster Colony Corporation LANC 0.13%
 E*TRADE Financial Corporation ETFC 0.13%
 Teradyne, Inc. TER 0.13%
 NVR, Inc. NVR 0.13%
 MAXIMUS, Inc. MMS 0.13%
 Henry Schein, Inc. HSIC 0.13%
 NewMarket Corporation NEU 0.13%
 RH RH 0.13%
 W.W. Grainger, Inc. GWW 0.12%
 Gentex Corporation GNTX 0.12%
 PulteGroup, Inc. PHM 0.12%
 MSC Industrial Direct Co., Inc. (Class A) MSM 0.12%
 EQT Corporation EQT 0.12%
 Lincoln Electric Holdings, Inc. LECO 0.12%
 First American Financial Corporation FAF 0.12%
 Avangrid, Inc. AGR 0.12%
 Ulta Beauty, Inc. ULTA 0.12%
 MDU Resources Group, Inc. MDU 0.11%
 Nucor Corporation NUE 0.11%
 Snap-on Incorporated SNA 0.11%
 Steel Dynamics, Inc. STLD 0.11%
 Reliance Steel & Aluminum Co. RS 0.11%
 Carter's, Inc. CRI 0.11%
 Old Republic International Corporation ORI 0.10%
 Oshkosh Corporation OSK 0.10%
 Columbia Sportswear Company COLM 0.10%
 East West Bancorp, Inc. EWBC 0.10%
 Foot Locker, Inc. FL 0.10%
 CNX Resources Corporation CNX 0.10%
 Dick's Sporting Goods, Inc. DKS 0.10%
 Acuity Brands, Inc. AYI 0.10%
 First Citizens BancShares, Inc. (Class A) FCNCA 0.10%
 Arena Pharmaceuticals, Inc. ARNA 0.10%
 Werner Enterprises, Inc. WERN 0.09%
 Omnicom Group Inc. OMC 0.09%
 Zions Bancorporation ZION 0.09%
 Mohawk Industries, Inc. MHK 0.09%
 Curtiss-Wright Corporation CW 0.09%
 National Beverage Corp. FIZZ 0.09%
 Concho Resources Inc. CXO 0.09%
 Arrowhead Pharmaceuticals, Inc. ARWR 0.09%
 Lattice Semiconductor Corporation LSCC 0.08%
 Saia, Inc. SAIA 0.08%
 Meritage Homes Corporation MTH 0.08%
 Central Garden & Pet Company (Class A) CENTA 0.08%
 Parsley Energy, Inc. (Class A) PE 0.08%
 TopBuild Corp. BLD 0.08%
 Houlihan Lokey, Inc. HLI 0.08%
 HMS Holdings Corp. HMSY 0.07%
 Equity Commonwealth EQC 0.07%
 Murphy Oil Corporation MUR 0.07%
 Simpson Manufacturing Co., Inc. SSD 0.07%
 National Fuel Gas Company NFG 0.07%
 Cimarex Energy Co. XEC 0.07%
 JetBlue Airways Corporation JBLU 0.07%
 Cohen & Steers, Inc. CNS 0.07%
 Exponent, Inc. EXPO 0.07%
 Diamondback Energy, Inc. FANG 0.07%
 Performance Food Group Company PFGC 0.07%
 Otter Tail Corporation OTTR 0.06%
 Telephone and Data Systems, Inc. TDS 0.06%
 Marathon Oil Corporation MRO 0.06%
 Brady Corporation BRC 0.06%
 UFP Industries Inc. UFPI 0.06%
 M.D.C. Holdings, Inc. MDC 0.06%
 Plexus Corp. PLXS 0.06%
 Regal Beloit Corporation RBC 0.06%
 United States Cellular Corporation USM 0.06%
 PVH Corp. PVH 0.06%
 PriceSmart, Inc. PSMT 0.06%
 Sanderson Farms, Inc. SAFM 0.06%
 ABM Industries Incorporated ABM 0.06%
 Hub Group, Inc. HUBG 0.06%
 Lithia Motors, Inc. LAD 0.06%
 Diodes Incorporated DIOD 0.06%
 LCI Industries LCII 0.06%
 Rush Enterprises, Inc. (Class A) RUSHA 0.06%
 Texas Roadhouse, Inc. TXRH 0.06%
 Interactive Brokers Group, Inc. (Class A) IBKR 0.06%
 Stepan Company SCL 0.06%
 TRI Pointe Group, Inc. TPH 0.06%
 BMC Stock Holdings, Inc. BMCH 0.06%
 United States Steel Corporation X 0.05%
 Vishay Intertechnology, Inc. VSH 0.05%
 Urban Outfitters, Inc. URBN 0.05%
 Insight Enterprises, Inc. NSIT 0.05%
 J & J Snack Foods Corp. JJSF 0.05%
 Seacoast Banking Corporation of Florida SBCF 0.05%
 Renasant Corporation RNST 0.05%
 Evercore Inc. EVR 0.05%
 Bank OZK OZK 0.05%
 Graham Holdings Company GHC 0.04%
 American Eagle Outfitters, Inc. AEO 0.04%
 Wolverine World Wide, Inc. WWW 0.04%
 Steven Madden, Ltd. SHOO 0.04%
 Umpqua Holdings Corporation UMPQ 0.04%
 PDC Energy, Inc. PDCE 0.04%
 Inter Parfums, Inc. IPAR 0.04%
 Walker & Dunlop, Inc. WD 0.04%
 Matador Resources Company MTDR 0.03%
 NMI Holdings, Inc. (Class A) NMIH 0.03%
 Spirit Airlines, Inc. SAVE 0.02%
 
Total Number of Holdings:    234
Underlying Securities information represented above is as of 05/22/2020 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 April 20, 2020
$0.04500 May 20, 2020
$0.04500 June 19, 2020

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.

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.

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.

Large-Cap Risk. Large capitalization companies may grow at a slower rate than the overall market.

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 Debt Instruments Risk. Debt instruments, such as U.S. Treasury obligations, are subject to numerous risks including higher interest rates, economic recession and deterioration of the bond market or investors' perceptions thereof.

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
30312Q847 (Cash)
30312Q854 (Reinvest)
30312Q862 (Cash-Fee)
30312Q870 (Reinvest-Fee)
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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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