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Corporate Investment Grade Laddered, 20  Ticker: FRDUZX
 
Description
This unit investment trust seeks current income and capital preservation by investing in a laddered portfolio of investment grade corporate bonds.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: CLAD20
Portfolio Status: Secondary
Initial Offer Date: 10/25/2022
Secondary Date: 12/02/2022
Wtd Avg Maturity: 5.7
ELTR Life: 5.7
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $952.8500
NAV(*): $962.3400
POP(*): $986.0100
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/08/2022 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.

 Income Information
CUSIP Frequency / Distributions Accrued Interest Estimated Annual Income Estimated Current Return Estimated Long Term Return
30328T462 Monthly $0.2100 $37.8700 3.840% 4.393%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
00928QAQ4 500,000 AIRCASTLE LTD 4.125%, due 05/01/2024  BBB-   4.12500 05/01/2024M 02/01/2024 100.0000
039483AT9 500,000 ARCHER DANIELS 5.935%, due 10/01/2032  A   5.93500 10/01/2032M    
05724BAD1 500,000 BAKER HUGHES LLC/CO-OBL 2.061%, due 12/15/2026  A-   2.06100 12/15/2026M 11/15/2026 100.0000
093662AH7 500,000 BLOCK FINANCIAL LLC 3.875%, due 08/15/2030  BBB   3.87500 08/15/2030M 05/15/2030 100.0000
741503BC9 500,000 BOOKING HOLDINGS INC 3.55%, due 03/15/2028  A-   3.55000 03/15/2028M 12/15/2027 100.0000
05565QDH8 500,000 BP CAPITAL MARKETS PLC 3.723%, due 11/28/2028  A-   3.72300 11/28/2028M 08/28/2028 100.0000
117043AU3 500,000 BRUNSWICK CORP 4.40%, due 09/15/2032  BBB-   4.40000 09/15/2032M 06/15/2032 100.0000
13607HR53 500,000 CANADIAN IMPERIAL BANK 3.60%, due 04/07/2032  A-   3.60000 04/07/2032M 03/07/2032 100.0000
136375CD2 500,000 CANADIAN NATL RAILWAY 2.95%, due 11/21/2024  A   2.95000 11/21/2024M 08/21/2024 100.0000
20030NCU3 500,000 COMCAST CORP 4.25%, due 10/15/2030  A-   4.25000 10/15/2030M 07/15/2030 100.0000
23355LAM8 500,000 DXC TECHNOLOGY CO 2.375%, due 09/15/2028  BBB-   2.37500 09/15/2028M 07/15/2028 100.0000
292480AL4 500,000 ENABLE MIDSTREAM PARTNERS 4.95%, due 05/15/2028  BBB-   4.95000 05/15/2028M 02/15/2028 100.0000
458140BR0 500,000 INTEL CORP 3.90%, due 03/25/2030  A+   3.90000 03/25/2030M 12/25/2029 100.0000
46625HRV4 500,000 JPMORGAN CHASE & CO 2.95%, due 10/01/2026  A-   2.95000 10/01/2026M 07/01/2026 100.0000
565849AB2 500,000 MARATHON OIL CORP 6.80%, due 03/15/2032  BBB-   6.80000 03/15/2032M    
59156RAE8 500,000 METLIFE INC 6.50%, due 12/15/2032  A-   6.50000 12/15/2032M    
61761JVL0 500,000 MORGAN STANLEY 3.70%, due 10/23/2024  A-   3.70000 10/23/2024M    
731572AB9 500,000 RALPH LAUREN CORP 2.95%, due 06/15/2030  A-   2.95000 06/15/2030M 03/15/2030 100.0000
767201AD8 500,000 RIO TINTO FIN USA LTD 7.125%, due 07/15/2028  A   7.12500 07/15/2028M    
78015K7C2 500,000 ROYAL BANK OF CANADA N/C, 2.25%, due 11/01/2024  A   2.25000 11/01/2024M    
86562MAK6 500,000 SUMITOMO MITSUI FINL GRP N/C, 3.01%, due 10/19/2026  A-   3.01000 10/19/2026M    
87165BAL7 500,000 SYNCHRONY FINANCIAL 3.70%, due 08/04/2026  BBB-   3.70000 08/04/2026M 05/04/2026 100.0000
902133AR8 500,000 TYCO ELECTRONICS GROUP SA 3.45%, due 08/01/2024  A-   3.45000 08/01/2024M 05/01/2024 100.0000
91911TAP8 500,000 VALE OVERSEAS LIMITED 6.25%, due 08/10/2026  BBB-   6.25000 08/10/2026M    
983919AK7 500,000 XILINX INC 2.375%, due 06/01/2030  A-   2.37500 06/01/2030M 03/01/2030 100.0000
 
Total Number of Holdings:    25


Risk Considerations

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.

COVID-19 Economic Impact Risk. The COVID-19 global pandemic and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets. While the U.S. has resumed "reasonably" normal business activity, 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. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

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.

Market Disruption Risk. In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain investments as well as performance.

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.

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.

Estimated current return is determined by dividing a Trust's estimated net annual interest income per unit by the public offering price per unit. Estimated long-term return is a measure of the estimated return over the estimated life of a Trust. Unlike estimated current return, estimated long-term return reflects maturities, estimated principal prepayments, Trust charges and expenses, and discounts and premiums of securities in a Trust. Returns and prices will fluctuate. Consult a prospectus for a more complete description of the estimated current return and estimated long-term return calculations.

Some of the information may have been obtained from third parties, including ratings from credit ratings agencies such as Standard & Poor's. Reproduction and distribution of third party content in any form is prohibited except with the prior written permission of the related third party. Third party content providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such content. THIRD PARTY CONTENT PROVIDERS GIVE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. THIRD PARTY CONTENT PROVIDERS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPESATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, OR LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS) IN CONNECTION WITH ANY USE OF THEIR CONTENT, INCLUDING RATINGS. Credit ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the suitability of securities or the suitability of securities for investment purposes, and should not be relied on as investment advice. Please see the prospectus for a full description of the bond ratings.

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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2022 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30328T462 (Cash)
30328T470 (Cash-Wrap)
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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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