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75/25 Strategic Allocation, 1st Qtr 2020  Ticker: FPZWNX
 
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: 7S1Q20
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(*): $8.9306
POP(*): $9.0528
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/02/2020 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 7/2/2020) Per Unit (as of 7/2/2020)
1.98% $0.17950
^ 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 1.29%
 First Trust Senior Loan Fund FTSL 1.16%
 Invesco Senior Loan ETF BKLN 1.15%
 SPDR Wells Fargo Preferred Stock ETF PSK 1.15%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 1.14%
 iShares Long-Term Corporate Bond ETF IGLB 1.14%
 SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 1.14%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 1.14%
 Regeneron Pharmaceuticals, Inc. REGN 1.13%
 iShares Intermediate-Term Corporate Bond ETF IGIB 1.13%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 1.13%
 VanEck Vectors J.P. Morgan EM Local Currency Bond ETF EMLC 1.12%
 iShares MBS ETF MBB 1.11%
 Vanguard Mortgage-Backed Securities ETF VMBS 1.11%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 1.11%
 First Trust Low Duration Opportunities ETF LMBS 1.09%
 SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 1.03%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 1.00%
 SPDR Portfolio TIPS ETF SPIP 1.00%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 1.00%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 0.99%
 Newmont Corporation NEM 0.98%
 Vanguard Total International Bond ETF BNDX 0.97%
 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP 0.97%
 iShares Short Treasury Bond ETF SHV 0.95%
 T-Mobile US, Inc. TMUS 0.91%
 First Trust Tactical High Yield ETF HYLS 0.90%
 Vertex Pharmaceuticals Incorporated VRTX 0.88%
 First Trust Preferred Securities and Income ETF FPE 0.88%
 Electronic Arts Inc. EA 0.83%
 Dollar General Corporation DG 0.83%
 Equinix, Inc. EQIX 0.82%
 Eli Lilly and Company LLY 0.80%
 Air Products and Chemicals, Inc. APD 0.72%
 Centene Corporation CNC 0.72%
 Monster Beverage Corporation MNST 0.72%
 Hormel Foods Corporation HRL 0.71%
 UnitedHealth Group Incorporated UNH 0.70%
 Costco Wholesale Corporation COST 0.70%
 Cummins Inc. CMI 0.69%
 Alphabet Inc. (Class A) GOOGL 0.69%
 Intel Corporation INTC 0.68%
 Alexion Pharmaceuticals, Inc. ALXN 0.68%
 VMware, Inc. VMW 0.68%
 Cintas Corporation CTAS 0.66%
 Target Corporation TGT 0.66%
 PACCAR Inc PCAR 0.66%
 NIKE, Inc. (Class B) NKE 0.66%
 PepsiCo, Inc. PEP 0.66%
 Best Buy Co., Inc. BBY 0.65%
 Iberdrola S.A. (ADR) IBDRY 0.65%
 T. Rowe Price Group, Inc. TROW 0.64%
 Twitter, Inc. TWTR 0.64%
 Cigna Corporation CI 0.64%
 Public Storage PSA 0.63%
 Deere & Company DE 0.62%
 The Estee Lauder Companies Inc. EL 0.62%
 Biogen Inc. BIIB 0.62%
 Nintendo Co., Ltd. (ADR) NTDOY 0.62%
 Duke Energy Corporation DUK 0.61%
 Stryker Corporation SYK 0.61%
 Novo Nordisk A/S (ADR) NVO 0.61%
 Anthem, Inc. ANTM 0.61%
 L'Oreal S.A. (ADR) LRLCY 0.61%
 Automatic Data Processing, Inc. ADP 0.60%
 Copart, Inc. CPRT 0.60%
 Edwards Lifesciences Corporation EW 0.60%
 The Hershey Company HSY 0.59%
 Micron Technology, Inc. MU 0.59%
 Schneider Electric SE (ADR) SBGSY 0.59%
 Lockheed Martin Corporation LMT 0.58%
 Roche Holding AG (ADR) RHHBY 0.58%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.57%
 Linde Plc LIN 0.57%
 The TJX Companies, Inc. TJX 0.56%
 Northrop Grumman Corporation NOC 0.56%
 L3Harris Technologies Inc. LHX 0.56%
 Dassault Systemes S.E. (ADR) DASTY 0.55%
 AT&T Inc. T 0.54%
 KDDI Corporation (ADR) KDDIY 0.54%
 Sony Corporation (ADR) SNE 0.53%
 Walgreens Boots Alliance, Inc. WBA 0.53%
 Chevron Corporation CVX 0.52%
 Rio Tinto Plc (ADR) RIO 0.52%
 Honda Motor Co., Ltd. (ADR) HMC 0.50%
 Ross Stores, Inc. ROST 0.50%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.49%
 Henkel AG & Co. KGaA (ADR) HENKY 0.49%
 British American Tobacco Plc (ADR) BTI 0.48%
 Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY 0.47%
 Vinci S.A. (ADR) VCISY 0.46%
 EssilorLuxottica S.A. (ADR) ESLOY 0.46%
 HCA Healthcare, Inc. HCA 0.45%
 Sysco Corporation SYY 0.44%
 ConocoPhillips COP 0.44%
 Volkswagen AG (ADR) VWAGY 0.44%
 Exxon Mobil Corporation XOM 0.43%
 Southwest Airlines Co. LUV 0.43%
 adidas AG (ADR) ADDYY 0.43%
 Tyson Foods, Inc. (Class A) TSN 0.42%
 Fifth Third Bancorp FITB 0.42%
 Enbridge Inc. ENB 0.42%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.42%
 M&T Bank Corporation MTB 0.41%
 The Bank of Nova Scotia BNS 0.41%
 EOG Resources, Inc. EOG 0.40%
 ViacomCBS Inc. VIAC 0.39%
 Equinor ASA EQNR 0.39%
 Total S.A. (ADR) TOT 0.38%
 BNP Paribas S.A. (ADR) BNPQY 0.38%
 Quidel Corporation QDEL 0.38%
 Molina Healthcare, Inc. MOH 0.36%
 Exelixis, Inc. EXEL 0.35%
 Eni SpA (ADR) E 0.34%
 Teradyne, Inc. TER 0.34%
 LHC Group, Inc. LHCG 0.33%
 Fortinet, Inc. FTNT 0.33%
 RH RH 0.33%
 Amedisys, Inc. AMED 0.32%
 Erie Indemnity Company ERIE 0.32%
 Delta Air Lines, Inc. DAL 0.32%
 Take-Two Interactive Software, Inc. TTWO 0.31%
 Knight-Swift Transportation Holdings Inc. KNX 0.31%
 Entegris, Inc. ENTG 0.30%
 Royal Dutch Shell Plc (ADR) RDS/A 0.30%
 ONEOK, Inc. OKE 0.29%
 E*TRADE Financial Corporation ETFC 0.29%
 D.R. Horton, Inc. DHI 0.28%
 Arthur J. Gallagher & Co. AJG 0.28%
 Watsco, Inc. WSO 0.28%
 Lancaster Colony Corporation LANC 0.27%
 Expeditors International of Washington, Inc. EXPD 0.27%
 Suncor Energy Inc. SU 0.27%
 W.W. Grainger, Inc. GWW 0.26%
 Landstar System, Inc. LSTR 0.26%
 MSC Industrial Direct Co., Inc. (Class A) MSM 0.26%
 MAXIMUS, Inc. MMS 0.25%
 Henry Schein, Inc. HSIC 0.25%
 Casey's General Stores, Inc. CASY 0.24%
 Lincoln Electric Holdings, Inc. LECO 0.24%
 NewMarket Corporation NEU 0.24%
 Encompass Health Corporation EHC 0.23%
 Gentex Corporation GNTX 0.23%
 Dick's Sporting Goods, Inc. DKS 0.23%
 Avangrid, Inc. AGR 0.23%
 Snap-on Incorporated SNA 0.22%
 PulteGroup, Inc. PHM 0.22%
 Columbia Sportswear Company COLM 0.22%
 Reliance Steel & Aluminum Co. RS 0.22%
 First American Financial Corporation FAF 0.22%
 MDU Resources Group, Inc. MDU 0.21%
 Nucor Corporation NUE 0.21%
 Steel Dynamics, Inc. STLD 0.21%
 NVR, Inc. NVR 0.21%
 Oshkosh Corporation OSK 0.21%
 Mohawk Industries, Inc. MHK 0.21%
 Foot Locker, Inc. FL 0.21%
 EQT Corporation EQT 0.21%
 First Citizens BancShares, Inc. (Class A) FCNCA 0.21%
 Arrowhead Pharmaceuticals, Inc. ARWR 0.21%
 Ulta Beauty, Inc. ULTA 0.21%
 Old Republic International Corporation ORI 0.20%
 East West Bancorp, Inc. EWBC 0.20%
 Acuity Brands, Inc. AYI 0.20%
 Carter's, Inc. CRI 0.20%
 Arena Pharmaceuticals, Inc. ARNA 0.20%
 Omnicom Group Inc. OMC 0.19%
 National Beverage Corp. FIZZ 0.19%
 Lattice Semiconductor Corporation LSCC 0.18%
 Zions Bancorporation ZION 0.17%
 Curtiss-Wright Corporation CW 0.17%
 Saia, Inc. SAIA 0.17%
 Parsley Energy, Inc. (Class A) PE 0.17%
 Meritage Homes Corporation MTH 0.16%
 JetBlue Airways Corporation JBLU 0.16%
 Concho Resources Inc. CXO 0.16%
 Exponent, Inc. EXPO 0.16%
 Werner Enterprises, Inc. WERN 0.15%
 HMS Holdings Corp. HMSY 0.15%
 CNX Resources Corporation CNX 0.15%
 Lithia Motors, Inc. LAD 0.15%
 LCI Industries LCII 0.15%
 Central Garden & Pet Company (Class A) CENTA 0.15%
 Houlihan Lokey, Inc. HLI 0.15%
 Equity Commonwealth EQC 0.14%
 Murphy Oil Corporation MUR 0.14%
 Cimarex Energy Co. XEC 0.14%
 Cohen & Steers, Inc. CNS 0.14%
 TopBuild Corp. BLD 0.14%
 Performance Food Group Company PFGC 0.14%
 Marathon Oil Corporation MRO 0.13%
 UFP Industries Inc. UFPI 0.13%
 Regal Beloit Corporation RBC 0.13%
 PVH Corp. PVH 0.13%
 Simpson Manufacturing Co., Inc. SSD 0.13%
 Diamondback Energy, Inc. FANG 0.13%
 M.D.C. Holdings, Inc. MDC 0.12%
 United States Cellular Corporation USM 0.12%
 PriceSmart, Inc. PSMT 0.12%
 National Fuel Gas Company NFG 0.12%
 ABM Industries Incorporated ABM 0.12%
 Hub Group, Inc. HUBG 0.12%
 Rush Enterprises, Inc. (Class A) RUSHA 0.12%
 Texas Roadhouse, Inc. TXRH 0.12%
 Interactive Brokers Group, Inc. (Class A) IBKR 0.12%
 Stepan Company SCL 0.12%
 TRI Pointe Group, Inc. TPH 0.12%
 Telephone and Data Systems, Inc. TDS 0.11%
 Brady Corporation BRC 0.11%
 Plexus Corp. PLXS 0.11%
 Diodes Incorporated DIOD 0.11%
 BMC Stock Holdings, Inc. BMCH 0.11%
 Otter Tail Corporation OTTR 0.10%
 American Eagle Outfitters, Inc. AEO 0.10%
 Evercore Inc. EVR 0.10%
 Walker & Dunlop, Inc. WD 0.10%
 Bank OZK OZK 0.10%
 United States Steel Corporation X 0.09%
 Vishay Intertechnology, Inc. VSH 0.09%
 Insight Enterprises, Inc. NSIT 0.09%
 Wolverine World Wide, Inc. WWW 0.09%
 J & J Snack Foods Corp. JJSF 0.09%
 Sanderson Farms, Inc. SAFM 0.09%
 Inter Parfums, Inc. IPAR 0.09%
 Seacoast Banking Corporation of Florida SBCF 0.09%
 Renasant Corporation RNST 0.09%
 Urban Outfitters, Inc. URBN 0.08%
 Steven Madden, Ltd. SHOO 0.08%
 Umpqua Holdings Corporation UMPQ 0.08%
 PDC Energy, Inc. PDCE 0.08%
 Graham Holdings Company GHC 0.07%
 NMI Holdings, Inc. (Class A) NMIH 0.07%
 Spirit Airlines, Inc. SAVE 0.06%
 Matador Resources Company MTDR 0.06%
 
Total Number of Holdings:    234
Underlying Securities information represented above is as of 07/02/2020 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.

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.

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
30312T148 (Cash)
30312T155 (Reinvest)
30312T163 (Cash-Fee)
30312T171 (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 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)
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