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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(*): $8.9497
POP(*): $9.0722
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/08/2020 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 7/8/2020) Per Unit (as of 7/6/2020)
1.98% $0.17960
^ 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 1.30%
 Regeneron Pharmaceuticals, Inc. REGN 1.16%
 SPDR Wells Fargo Preferred Stock ETF PSK 1.16%
 iShares Long-Term Corporate Bond ETF IGLB 1.15%
 SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 1.15%
 First Trust Senior Loan Fund FTSL 1.15%
 Invesco Senior Loan ETF BKLN 1.14%
 iShares Intermediate-Term Corporate Bond ETF IGIB 1.13%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 1.13%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 1.13%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 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%
 Newmont Corporation NEM 1.02%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 1.01%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 1.00%
 SPDR Portfolio TIPS ETF SPIP 1.00%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 0.99%
 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 0.89%
 First Trust Preferred Securities and Income ETF FPE 0.87%
 Electronic Arts Inc. EA 0.84%
 Eli Lilly and Company LLY 0.83%
 Equinix, Inc. EQIX 0.82%
 Dollar General Corporation DG 0.81%
 Air Products and Chemicals, Inc. APD 0.78%
 Monster Beverage Corporation MNST 0.75%
 Twitter, Inc. TWTR 0.74%
 Costco Wholesale Corporation COST 0.72%
 Hormel Foods Corporation HRL 0.71%
 Alphabet Inc. (Class A) GOOGL 0.71%
 UnitedHealth Group Incorporated UNH 0.70%
 Centene Corporation CNC 0.70%
 Cummins Inc. CMI 0.69%
 Intel Corporation INTC 0.67%
 PepsiCo, Inc. PEP 0.67%
 Cintas Corporation CTAS 0.66%
 PACCAR Inc PCAR 0.66%
 NIKE, Inc. (Class B) NKE 0.66%
 Biogen Inc. BIIB 0.66%
 Iberdrola S.A. (ADR) IBDRY 0.66%
 VMware, Inc. VMW 0.66%
 Target Corporation TGT 0.65%
 Best Buy Co., Inc. BBY 0.65%
 T. Rowe Price Group, Inc. TROW 0.65%
 Alexion Pharmaceuticals, Inc. ALXN 0.65%
 Nintendo Co., Ltd. (ADR) NTDOY 0.64%
 Deere & Company DE 0.62%
 Duke Energy Corporation DUK 0.61%
 The Estee Lauder Companies Inc. EL 0.61%
 Public Storage PSA 0.61%
 Novo Nordisk A/S (ADR) NVO 0.61%
 Copart, Inc. CPRT 0.61%
 Stryker Corporation SYK 0.60%
 Edwards Lifesciences Corporation EW 0.60%
 Anthem, Inc. ANTM 0.60%
 L'Oreal S.A. (ADR) LRLCY 0.60%
 Cigna Corporation CI 0.60%
 Automatic Data Processing, Inc. ADP 0.59%
 The Hershey Company HSY 0.59%
 Micron Technology, Inc. MU 0.59%
 Schneider Electric SE (ADR) SBGSY 0.59%
 Roche Holding AG (ADR) RHHBY 0.58%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.57%
 Linde Plc LIN 0.57%
 Lockheed Martin Corporation LMT 0.56%
 Dassault Systemes S.E. (ADR) DASTY 0.56%
 The TJX Companies, Inc. TJX 0.55%
 Northrop Grumman Corporation NOC 0.55%
 KDDI Corporation (ADR) KDDIY 0.55%
 AT&T Inc. T 0.54%
 Rio Tinto Plc (ADR) RIO 0.54%
 Sony Corporation (ADR) SNE 0.53%
 L3Harris Technologies Inc. LHX 0.53%
 Walgreens Boots Alliance, Inc. WBA 0.53%
 Chevron Corporation CVX 0.50%
 Honda Motor Co., Ltd. (ADR) HMC 0.49%
 Ross Stores, Inc. ROST 0.49%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.49%
 Henkel AG & Co. KGaA (ADR) HENKY 0.49%
 Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY 0.48%
 British American Tobacco Plc (ADR) BTI 0.47%
 EssilorLuxottica S.A. (ADR) ESLOY 0.47%
 Vinci S.A. (ADR) VCISY 0.45%
 HCA Healthcare, Inc. HCA 0.44%
 Volkswagen AG (ADR) VWAGY 0.44%
 Sysco Corporation SYY 0.43%
 ConocoPhillips COP 0.43%
 adidas AG (ADR) ADDYY 0.43%
 Exxon Mobil Corporation XOM 0.42%
 Tyson Foods, Inc. (Class A) TSN 0.42%
 Southwest Airlines Co. LUV 0.42%
 Fifth Third Bancorp FITB 0.41%
 M&T Bank Corporation MTB 0.41%
 Enbridge Inc. ENB 0.41%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.41%
 Equinor ASA EQNR 0.40%
 Quidel Corporation QDEL 0.40%
 The Bank of Nova Scotia BNS 0.40%
 BNP Paribas S.A. (ADR) BNPQY 0.39%
 Total S.A. (ADR) TOT 0.38%
 ViacomCBS Inc. VIAC 0.38%
 EOG Resources, Inc. EOG 0.38%
 Teradyne, Inc. TER 0.35%
 Exelixis, Inc. EXEL 0.35%
 Molina Healthcare, Inc. MOH 0.35%
 Eni SpA (ADR) E 0.34%
 LHC Group, Inc. LHCG 0.34%
 Fortinet, Inc. FTNT 0.34%
 RH RH 0.34%
 Take-Two Interactive Software, Inc. TTWO 0.32%
 Erie Indemnity Company ERIE 0.32%
 Knight-Swift Transportation Holdings Inc. KNX 0.32%
 Amedisys, Inc. AMED 0.31%
 Delta Air Lines, Inc. DAL 0.31%
 D.R. Horton, Inc. DHI 0.30%
 Entegris, Inc. ENTG 0.30%
 Royal Dutch Shell Plc (ADR) RDS/A 0.30%
 E*TRADE Financial Corporation ETFC 0.29%
 Arthur J. Gallagher & Co. AJG 0.28%
 Watsco, Inc. WSO 0.28%
 Expeditors International of Washington, Inc. EXPD 0.27%
 Landstar System, Inc. LSTR 0.27%
 Lancaster Colony Corporation LANC 0.26%
 MAXIMUS, Inc. MMS 0.26%
 Suncor Energy Inc. SU 0.26%
 W.W. Grainger, Inc. GWW 0.25%
 Casey's General Stores, Inc. CASY 0.24%
 ONEOK, Inc. OKE 0.24%
 PulteGroup, Inc. PHM 0.24%
 MSC Industrial Direct Co., Inc. (Class A) MSM 0.24%
 Henry Schein, Inc. HSIC 0.24%
 Lincoln Electric Holdings, Inc. LECO 0.24%
 NewMarket Corporation NEU 0.24%
 Gentex Corporation GNTX 0.23%
 Avangrid, Inc. AGR 0.23%
 Encompass Health Corporation EHC 0.22%
 NVR, Inc. NVR 0.22%
 EQT Corporation EQT 0.22%
 Dick's Sporting Goods, Inc. DKS 0.22%
 First American Financial Corporation FAF 0.22%
 Arrowhead Pharmaceuticals, Inc. ARWR 0.22%
 Snap-on Incorporated SNA 0.21%
 Oshkosh Corporation OSK 0.21%
 Columbia Sportswear Company COLM 0.21%
 Reliance Steel & Aluminum Co. RS 0.21%
 Acuity Brands, Inc. AYI 0.21%
 First Citizens BancShares, Inc. (Class A) FCNCA 0.21%
 Arena Pharmaceuticals, Inc. ARNA 0.21%
 MDU Resources Group, Inc. MDU 0.20%
 Nucor Corporation NUE 0.20%
 Steel Dynamics, Inc. STLD 0.20%
 East West Bancorp, Inc. EWBC 0.20%
 Foot Locker, Inc. FL 0.20%
 Carter's, Inc. CRI 0.20%
 National Beverage Corp. FIZZ 0.20%
 Ulta Beauty, Inc. ULTA 0.20%
 Lattice Semiconductor Corporation LSCC 0.19%
 Old Republic International Corporation ORI 0.19%
 Mohawk Industries, Inc. MHK 0.19%
 Omnicom Group Inc. OMC 0.18%
 Saia, Inc. SAIA 0.18%
 Meritage Homes Corporation MTH 0.18%
 Zions Bancorporation ZION 0.17%
 Werner Enterprises, Inc. WERN 0.16%
 Curtiss-Wright Corporation CW 0.16%
 JetBlue Airways Corporation JBLU 0.16%
 Concho Resources Inc. CXO 0.16%
 Parsley Energy, Inc. (Class A) PE 0.16%
 CNX Resources Corporation CNX 0.15%
 Lithia Motors, Inc. LAD 0.15%
 Central Garden & Pet Company (Class A) CENTA 0.15%
 Exponent, Inc. EXPO 0.15%
 TopBuild Corp. BLD 0.15%
 Houlihan Lokey, Inc. HLI 0.15%
 HMS Holdings Corp. HMSY 0.14%
 Cimarex Energy Co. XEC 0.14%
 LCI Industries LCII 0.14%
 Cohen & Steers, Inc. CNS 0.14%
 Interactive Brokers Group, Inc. (Class A) IBKR 0.14%
 TRI Pointe Group, Inc. TPH 0.14%
 Performance Food Group Company PFGC 0.14%
 Equity Commonwealth EQC 0.13%
 Murphy Oil Corporation MUR 0.13%
 UFP Industries Inc. UFPI 0.13%
 M.D.C. Holdings, Inc. MDC 0.13%
 Regal Beloit Corporation RBC 0.13%
 Simpson Manufacturing Co., Inc. SSD 0.13%
 Hub Group, Inc. HUBG 0.13%
 Marathon Oil Corporation MRO 0.12%
 Plexus Corp. PLXS 0.12%
 United States Cellular Corporation USM 0.12%
 PVH Corp. PVH 0.12%
 PriceSmart, Inc. PSMT 0.12%
 National Fuel Gas Company NFG 0.12%
 ABM Industries Incorporated ABM 0.12%
 Rush Enterprises, Inc. (Class A) RUSHA 0.12%
 Texas Roadhouse, Inc. TXRH 0.12%
 Stepan Company SCL 0.12%
 Diamondback Energy, Inc. FANG 0.12%
 Telephone and Data Systems, Inc. TDS 0.11%
 Brady Corporation BRC 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%
 Urban Outfitters, Inc. URBN 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%
 Renasant Corporation RNST 0.09%
 Umpqua Holdings Corporation UMPQ 0.08%
 Seacoast Banking Corporation of Florida SBCF 0.08%
 Graham Holdings Company GHC 0.07%
 Steven Madden, Ltd. SHOO 0.07%
 PDC Energy, Inc. PDCE 0.07%
 Spirit Airlines, Inc. SAVE 0.06%
 Matador Resources Company MTDR 0.06%
 NMI Holdings, Inc. (Class A) NMIH 0.06%
 
Total Number of Holdings:    234
Underlying Securities information represented above is as of 07/08/2020 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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