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S&P Dividend Aristocrats Buy-Write, 12  Ticker: FNUOLX
 
Description
A unit investment trust that seeks income, with capital appreciation as a secondary objective. The trust invests in a fixed portfolio of U.S. Treasury securities and common stocks which are selected from the S&P 500 Dividend Aristocrats Index. The common stocks will be subject to a Long-Term Equity AnticiPation Securities (LEAPS®) call option against each position.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: ARBW12
Portfolio Status: Secondary
Initial Offer Date: 07/22/2020
Secondary Date: 09/16/2020
Portfolio Ending Date: 01/26/2022
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $11.1721
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/23/2021 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  Per Unit (as of 7/23/2021)
----- $0.28660
^ 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 of the securities included in the trust are for illustrative purposes only and are not indicative of the trust's distribution or distribution rate. 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 distributions are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit 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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 3.31%
Consumer Discretionary  Consumer Discretionary 19.20%
Consumer Staples  Consumer Staples 29.42%
Energy  Energy 8.35%
Financials  Financials 0.00%
Health Care  Health Care 21.40%
Industrials  Industrials 27.75%
Information Technology  Information Technology 4.16%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
 
  Large Mid Small  
Growth  53.38% 3.52% 0.00%  
Value  56.69% 0.00% 0.00%  

 Style Weighting
Large-Cap Growth 53.38%
Large-Cap Value 56.69%
Mid-Cap Growth 3.52%
Mid-Cap Value 0.00%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.00%
 Composition
U.S. Stocks 108.55%   Other -13.59%
Non-U.S. Stocks 5.04%      
The style and sector characteristics of the portfolio are determined as of 07/23/2021 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Growth 10.23%
 Emerson Electric Co. EMR Industrials  Industrials Large-Cap Value 5.85%
 Archer-Daniels-Midland Company ADM Consumer Staples  Consumer Staples Large-Cap Value 5.72%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 5.48%
 Raytheon Technologies Corporation RTX Industrials  Industrials Large-Cap Value 5.10%
 Medtronic Plc MDT Health Care  Health Care Large-Cap Value 5.04%
 Colgate-Palmolive Company CL Consumer Staples  Consumer Staples Large-Cap Growth 4.95%
 McDonald's Corporation MCD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.91%
 Abbott Laboratories ABT Health Care  Health Care Large-Cap Value 4.74%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 4.63%
 Illinois Tool Works Inc. ITW Industrials  Industrials Large-Cap Growth 4.57%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 4.47%
 The Coca-Cola Company KO Consumer Staples  Consumer Staples Large-Cap Growth 4.47%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Value 4.23%
 Automatic Data Processing, Inc. ADP Information Technology  Information Technology Large-Cap Growth 4.16%
 Stanley Black & Decker, Inc. SWK Industrials  Industrials Large-Cap Value 4.12%
 Lowe's Companies, Inc. LOW Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.06%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Value 3.88%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 3.88%
 Cardinal Health, Inc. CAH Health Care  Health Care Mid-Cap Growth 3.52%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Value 3.47%
 AT&T Inc. T Communication Services  Communication Services Large-Cap Value 3.31%
 PepsiCo, Inc. PEP Consumer Staples  Consumer Staples Large-Cap Growth 3.18%
 Walmart, Inc. WMT Consumer Staples  Consumer Staples Large-Cap Value 2.88%
 Kimberly-Clark Corporation KMB Consumer Staples  Consumer Staples Large-Cap Growth 2.74%
 2022-01-21 AT&T Inc. C 37        -0.01%
 2022-01-21 Kimberly-Clark Corporation C 175        -0.03%
 2022-01-21 Walmart, Inc. C 160        -0.04%
 2022-01-21 Johnson & Johnson C 180        -0.08%
 2022-01-21 Colgate-Palmolive Company C 90        -0.08%
 2022-01-21 Cardinal Health, Inc. C 67.50        -0.09%
 2022-01-21 The Procter & Gamble Company C 150        -0.10%
 2022-01-21 Chevron Corporation C 110        -0.11%
 2022-01-21 PepsiCo, Inc. C 160        -0.11%
 2022-01-21 The Coca-Cola Company C 57.50        -0.17%
 2022-01-21 AbbVie Inc. C 120        -0.24%
 2022-01-21 Abbott Laboratories C 120        -0.30%
 2022-01-21 Illinois Tool Works Inc. C 220        -0.33%
 2022-01-21 General Dynamics Corporation C 180        -0.37%
 2022-01-21 Exxon Mobil Corporation C 55        -0.40%
 2022-01-21 McDonald's Corporation C 230        -0.40%
 2022-01-21 Medtronic Plc C 120        -0.48%
 2022-01-21 Stanley Black & Decker, Inc. C 185        -0.54%
 2022-01-21 Automatic Data Processing, Inc. C 180        -0.60%
 2022-01-21 Lowe's Companies, Inc. C 175        -0.63%
 2022-01-21 Raytheon Technologies Corporation C 75        -0.76%
 2022-01-21 Archer-Daniels-Midland Company C 50        -0.89%
 2022-01-21 Caterpillar Inc. C 165        -0.99%
 2022-01-21 Emerson Electric Co. C 77.50        -1.34%
 2022-01-21 Target Corporation C 145        -4.50%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 07/23/2021 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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

Buy & Hold Risk – Taxable Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

Consumer Products Risk. The companies engaged in the consumer products sector are subject to global competition, changing government regulations and trade policies, currency fluctuations, and the financial and political risks inherent in producing products for foreign markets.

COVID-19 Economic Impact Risk. The COVID-19 global pandemic has caused significant volatility and declines in global financial markets, causing losses for investors. The development of vaccines has slowed the spread of the virus and allowed for the resumption of "reasonably" normal business activity in the United States, although many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

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.

LEAPS Risk. The value of the LEAPS is deducted from the value of the portfolio assets when determining the value of a unit. As the value of the LEAPS increases, it has a more negative impact on the value of the units. The value of the LEAPS will also be affected by changes in the value and dividend rates of the underlying stocks, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the stocks and the remaining time to expiration. Additionally, the value of the LEAPS does not increase or decrease at the same rate as the underlying stock. However, as the LEAPS approach their expiration date, their value increasingly moves with the price of the stock.

Options Risk. Options are subject to various risks including that their value may be adversely affected if the market for the option becomes less liquid or smaller. In addition, options will be affected by changes in the value and dividend rates of the stock subject to the option, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the common stock and the remaining time to expiration.

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.

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.

The style and capitalization characteristics used to describe the stocks are designed to help you understand how they fit into your overall investment plan. Due to changes in the value of the stocks the characteristics may vary over time. In general, growth stocks have high relative price-to-book ratios while value stocks have low relative price-to-book ratios. In determining market capitalization characteristics, we analyze the market capitalizations of the 3,000 largest stocks in the U.S. (excluding foreign securities, ADRs, limited partnerships and regulated investment companies) on a monthly basis. Companies with market capitalizations among the largest 10% are considered Large-Cap securities, the next 20% are considered Mid-Cap securities and the remaining securities are considered Small-Cap securities.

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.

The S&P 500 Dividend Aristocrats Index is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and has been licensed for use by First Trust Portfolios L.P. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust Portfolios L.P. This product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Dividend Aristocrats Index.

Fund Cusip Information
30314U879 (Cash)
30314U887 (Cash-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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