Corporate Investment Grade Laddered, 22  Ticker: FGBALX
 
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: CLAD22
Portfolio Status: Secondary
Initial Offer Date: 01/26/2023
Secondary Date: 03/21/2023
Wtd Avg Maturity: 4.9
ELTR Life: 4.9
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $984.3300
NAV(*): $949.7100
POP(*): Not Avail
PAR(*): $1,005.2000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 06/21/2024 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
30330D745 Monthly $1.4100 $36.1000
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 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
03938LBE3 170,000 ARCELORMITTAL SA 6.55%, due 11/29/2027  BBB-   6.55000 11/29/2027M 10/29/2027 100.0000
05329WAP7 250,000 AUTONATION INC 3.80%, due 11/15/2027  BBB-   3.80000 11/15/2027M 08/15/2027 100.0000
05348EBF5 250,000 AVALONBAY COMMUNITIES 3.30%, due 06/01/2029  A-   3.30000 06/01/2029M 03/01/2029 100.0000
053807AU7 250,000 AVNET INC 3%, due 05/15/2031  BBB-   3.00000 05/15/2031M 02/15/2031 100.0000
05723KAE0 250,000 BAKER HUGHES LLC/CO-OBL 3.337%, due 12/15/2027  A-   3.33700 12/15/2027M 09/15/2027 100.0000
059165EN6 250,000 BALTIMORE GAS & ELECTRIC 2.25%, due 06/15/2031  A   2.25000 06/15/2031M 03/15/2031 100.0000
06417XAH4 250,000 BANK OF NOVA SCOTIA 3.45%, due 04/11/2025  A-   3.45000 04/11/2025M    
05565QDM7 250,000 BP CAPITAL MARKETS PLC 3.588%, due 04/14/2027  A-   3.58800 04/14/2027M 01/14/2027 100.0000
11120VAH6 170,000 BRIXMOR OPERATING PART 4.125%, due 05/15/2029  BBB   4.12500 05/15/2029M 02/15/2029 100.0000
117043AT6 250,000 BRUNSWICK CORP 2.40%, due 08/18/2031  BBB-   2.40000 08/18/2031M 05/18/2031 100.0000
13607HR46 175,000 CANADIAN IMPERIAL BANK 3.30%, due 04/07/2025  A-   3.30000 04/07/2025M    
20030NAC5 205,000 COMCAST CORP 7.05%, due 03/15/2033  A-   7.05000 03/15/2033M    
26442CBJ2 175,000 DUKE ENERGY CAROLINAS 4.95%, due 01/15/2033  A   4.95000 01/15/2033M 10/15/2032 100.0000
29364WAX6 170,000 ENTERGY LOUISIANA LLC 3.05%, due 06/01/2031  A   3.05000 06/01/2031M 03/01/2031 100.0000
431282AR3 250,000 HIGHWOODS REALTY LP 4.20%, due 04/15/2029  BBB   4.20000 04/15/2029M 01/15/2029 100.0000
49456BAV3 250,000 KINDER MORGAN INC 4.80%, due 02/01/2033  BBB   4.80000 02/01/2033M 11/01/2032 100.0000
539830BW8 240,000 LOCKHEED MARTIN CORP 5.25%, due 01/15/2033  A-   5.25000 01/15/2033M 10/15/2032 100.0000
61746BEF9 250,000 MORGAN STANLEY 3.625%, due 01/20/2027  A-   3.62500 01/20/2027M    
718172CJ6 250,000 PHILIP MORRIS INTL INC 3.375%, due 08/15/2029  A-   3.37500 08/15/2029M 05/15/2029 100.0000
74460DAJ8 250,000 PUBLIC STORAGE OP CO 2.25%, due 11/09/2031  A   2.25000 11/09/2031M 08/09/2031 100.0000
693656AC4 240,000 PVH CORP 4.625%, due 07/10/2025  BBB-   4.62500 07/10/2025M 06/10/2025 100.0000
747525BS1 250,000 QUALCOMM INC 5.40%, due 05/20/2033  A   5.40000 05/20/2033M 02/20/2033 100.0000
828807DF1 250,000 SIMON PROPERTY GROUP LP 2.45%, due 09/13/2029  A-   2.45000 09/13/2029M 06/13/2029 100.0000
89115A2A9 250,000 TORONTO-DOMINION BANK 3.766%, due 06/06/2025  A   3.76600 06/06/2025M    
89236TKN4 170,000 TOYOTA MOTOR CREDIT CORP N/C, 4.80%, due 01/10/2025  A+   4.80000 01/10/2025M    
 
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 ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future 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. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East 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.

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