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       
 
 

Tactical Income, 68  Ticker: FIBHRX
 
Description
A unit investment trust that seeks current income with total return as a secondary objective by investing in dividend paying stocks and REITs as well as closed-end funds which invest in convertible securities and senior loan floating rate securities.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: TACT68
Portfolio Status: Secondary
Initial Offer Date: 10/15/2021
Secondary Date: 12/08/2021
Portfolio Ending Date: 10/16/2023
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.0861
POP(*): $9.2953
Remaining Deferred Sales Charge: $0.1500
* As of Trade Date: 01/25/2022 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 1/25/2022) Per Unit (as of 1/24/2022)
6.01% $0.55880
^ 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. 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.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 Apollo Senior Floating Rate Fund Inc. AFT 3.35%
 Nuveen Floating Rate Income Opportunity Fund JRO 3.24%
 Nuveen Floating Rate Income Fund JFR 3.22%
 Cohen & Steers REIT and Preferred and Income Fund, Inc. RNP 3.22%
 Invesco Senior Income Trust VVR 3.19%
 Nuveen Senior Income Fund NSL 3.18%
 BlackRock Floating Rate Income Strategies Fund, Inc. FRA 3.16%
 Nuveen Preferred and Income Term Fund JPI 3.15%
 Blackstone Strategic Credit Fund BGB 3.08%
 Nuveen Preferred & Income Securities Fund JPS 3.04%
 Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated DFP 3.04%
 Nuveen Preferred & Income Opportunities Fund JPC 3.02%
 John Hancock Preferred Income Fund HPI 2.98%
 Flaherty & Crumrine Preferred and Income Securities Fund Incorporated FFC 2.94%
 John Hancock Preferred Income Fund III HPS 2.94%
 Eaton Vance Senior Floating-Rate Trust EFR 2.89%
 HP Inc. HPQ 1.34%
 Boise Cascade Company BCC 1.31%
 Canadian Natural Resources Limited CNQ 1.29%
 Petroleo Brasileiro S.A. - Petrobras (ADR) PBR 1.27%
 PLDT Inc. (ADR) PHI 1.21%
 PT Telekomunikasi Indonesia (ADR) TLK 1.16%
 BP Plc (ADR) BP 1.13%
 Companhia Paranaense de Energia-Copel (Preference, ADR) ELP 1.12%
 Marathon Petroleum Corporation MPC 1.12%
 Hewlett Packard Enterprise Company HPE 1.12%
 Fidelity National Financial, Inc. FNF 1.09%
 ChipMOS TECHNOLOGIES INC. (ADR) IMOS 1.09%
 Old Republic International Corporation ORI 1.08%
 UGI Corporation UGI 1.06%
 United Microelectronics Corporation (ADR) UMC 1.05%
 PetroChina Company Limited (ADR) PTR 1.03%
 Kennedy-Wilson Holdings, Inc. KW 1.03%
 Sibanye Stillwater Ltd. (ADR) SBSW 1.03%
 NRG Energy, Inc. NRG 1.01%
 B. Riley Financial, Inc. RILY 1.01%
 National HealthCare Corporation NHC 1.00%
 Companhia Siderurgica Nacional S.A. (ADR) SID 1.00%
 AdvanSix Inc. ASIX 0.99%
 Ternium S.A. (ADR) TX 0.98%
 Star Bulk Carriers Corp. SBLK 0.98%
 The Buckle, Inc. BKE 0.97%
 Ryder System, Inc. R 0.94%
 Companhia Energetica de Minas Gerais-CEMIG (ADR) CIG 0.94%
 H&R Block, Inc. HRB 0.93%
 Golden Ocean Group Limited GOGL 0.92%
 Camping World Holdings, Inc. (Class A) CWH 0.92%
 Sturm, Ruger & Company, Inc. RGR 0.91%
 Costamare Inc. CMRE 0.91%
 Antero Midstream Corp. AM 0.91%
 Vector Group Ltd. VGR 0.88%
 Turkcell Iletisim Hizmetleri A.S. (ADR) TKC 0.87%
 Equitrans Midstream Corporation ETRN 0.81%
 Mobile TeleSystems Public Joint Stock Company (ADR) MBT 0.79%
 FinVolution Group (ADR) FINV 0.75%
 Simon Property Group, Inc. SPG 0.55%
 Brixmor Property Group Inc. BRX 0.55%
 Iron Mountain Incorporated IRM 0.53%
 LXP Industrial Trust LXP 0.51%
 MFA Financial, Inc. MFA 0.51%
 PotlatchDeltic Corporation PCH 0.51%
 Brandywine Realty Trust BDN 0.49%
 Lamar Advertising Company LAMR 0.49%
 RPT Realty RPT 0.49%
 Centerspace CSR 0.49%
 Highwoods Properties, Inc. HIW 0.48%
 Arbor Realty Trust, Inc. ABR 0.48%
 Chimera Investment Corporation CIM 0.48%
 Kilroy Realty Corp KRC 0.47%
 Annaly Capital Management, Inc. NLY 0.47%
 Apollo Commercial Real Estate Finance, Inc. ARI 0.46%
 Redwood Trust, Inc. RWT 0.45%
 Gaming and Leisure Properties, Inc. GLPI 0.45%
 New York Mortgage Trust, Inc. NYMT 0.44%
 Industrial Logistics Properties Trust ILPT 0.43%
 Douglas Elliman Inc. DOUG 0.33%
 
Total Number of Holdings:    76
Underlying Securities information represented above is as of 01/25/2022 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 January 20, 2022
$0.07500 February 18, 2022
$0.07500 March 18, 2022

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.

Brexit Risk. Approximately one year after the United Kingdom officially departed the European Union (commonly referred to as "Brexit"), the United Kingdom and the European Union reached a trade agreement that became effective on December 31, 2020. It is not currently possible to determine the extent of the impact the Brexit trade agreement may have on the portfolio's investments and this uncertainty could negatively impact current and future economic conditions in the United Kingdom and other countries, which could negatively impact the value of the portfolio's investments.

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.

Closed-End Fund Risk. Closed-end funds 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 the funds 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, closed-end funds frequently trade at a discount to their net asset value in the secondary market. Certain closed-end funds employ the use of leverage, which increases the volatility of such funds.

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 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.

Emerging Markets Risk. Risks associated with investing in foreign securities may be more pronounced in emerging markets where the securities markets are substantially smaller, less liquid, less regulated and more volatile than the U.S. and developed foreign markets.

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.

Preferred Securities Risk. Preferred securities are equity securities of the issuing company which pay income in the form of dividends. Preferred securities are typically subordinated to bonds and other debt instruments in a company's capital structure, and therefore will be subject to greater credit risk than those debt instruments.

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.

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
30322N685 (Cash)
30322N693 (Reinvest)
30322N701 (Cash-Fee)
30322N719 (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 © 2022 All rights reserved.