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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.
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Product Code: |
7S2Q24 |
Portfolio Status: |
Secondary |
Initial Offer Date: |
04/11/2024 |
Secondary Date: |
07/11/2024 |
Portfolio Ending Date: |
07/16/2025 |
Tax Structure: |
Regulated Investment Company |
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Initial Offer Price: |
$10.0000 |
NAV(*): |
$10.2435 |
POP(*): |
Not Avail |
Remaining Deferred Sales Charge: |
$0.0000 |
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* As of Trade Date: 05/08/2025 4:00pm ET
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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:^ |
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^ 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.
|
Howmet Aerospace Inc.
| HWM |
1.45%
|
iShares MBS ETF
| MBB |
0.99%
|
Vanguard Mortgage-Backed Securities ETF
| VMBS |
0.99%
|
SPDR Portfolio Mortgage Backed Bond ETF
| SPMB |
0.99%
|
Walmart Inc.
| WMT |
0.98%
|
Schwab 5-10 Year Corporate Bond ETF
| SCHI |
0.98%
|
iShares Broad USD Investment Grade Corporate Bond ETF
| USIG |
0.97%
|
SPDR Portfolio Short Term Corporate Bond ETF
| SPSB |
0.97%
|
Vanguard Total International Bond ETF
| BNDX |
0.97%
|
iShares Broad USD High Yield Corporate Bond ETF
| USHY |
0.97%
|
Janus Henderson Mortgage-Backed Securities ETF
| JMBS |
0.97%
|
iShares iBoxx $ Investment Grade Corporate Bond ETF
| LQD |
0.96%
|
iShares 10-20 Year Treasury Bond ETF
| TLH |
0.96%
|
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
| HYS |
0.96%
|
First Trust Tactical High Yield ETF
| HYLS |
0.96%
|
iShares 0-5 Year High Yield Corporate Bond ETF
| SHYG |
0.96%
|
SPDR Portfolio Corporate Bond ETF
| SPBO |
0.96%
|
SPDR Portfolio High Yield Bond ETF
| SPHY |
0.96%
|
SPDR Bloomberg Short Term High Yield Bond ETF
| SJNK |
0.95%
|
VanEck IG Floating Rate ETF
| FLTR |
0.95%
|
Invesco Senior Loan ETF
| BKLN |
0.94%
|
iShares 10+ Year Investment Grade Corporate Bond ETF
| IGLB |
0.94%
|
First Trust Senior Loan Fund
| FTSL |
0.94%
|
Invesco Emerging Markets Sovereign Debt ETF
| PCY |
0.93%
|
SPDR Portfolio Long Term Corporate Bond ETF
| SPLB |
0.93%
|
SPDR Blackstone Senior Loan ETF
| SRLN |
0.93%
|
Invesco Preferred ETF
| PGX |
0.91%
|
Cheniere Energy, Inc.
| LNG |
0.90%
|
Altria Group, Inc.
| MO |
0.87%
|
Costco Wholesale Corporation
| COST |
0.85%
|
Cardinal Health, Inc.
| CAH |
0.85%
|
The Progressive Corporation
| PGR |
0.83%
|
Chugai Pharmaceutical Co., Ltd. (ADR)
| CHGCY |
0.82%
|
International Business Machines Corporation
| IBM |
0.81%
|
Nintendo Co., Ltd. (ADR)
| NTDOY |
0.81%
|
CME Group Inc.
| CME |
0.80%
|
General Electric Company
| GE |
0.79%
|
Xcel Energy Inc.
| XEL |
0.79%
|
Republic Services, Inc.
| RSG |
0.79%
|
Aflac Incorporated
| AFL |
0.77%
|
The Hartford Insurance Group, Inc.
| HIG |
0.77%
|
DoorDash, Inc. (Class A)
| DASH |
0.77%
|
Berkshire Hathaway Inc. (Class B)
| BRK/B |
0.76%
|
Wabtec Corporation
| WAB |
0.76%
|
Quanta Services, Inc.
| PWR |
0.76%
|
Consolidated Edison, Inc.
| ED |
0.75%
|
ResMed Inc.
| RMD |
0.75%
|
Cencora Inc.
| COR |
0.75%
|
Iberdrola S.A. (ADR)
| IBDRY |
0.73%
|
Cisco Systems, Inc.
| CSCO |
0.72%
|
Motorola Solutions, Inc.
| MSI |
0.71%
|
The Travelers Companies, Inc.
| TRV |
0.71%
|
Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR)
| MURGY |
0.71%
|
Arista Networks, Inc.
| ANET |
0.71%
|
Prosus N.V. (ADR)
| PROSY |
0.70%
|
Hitachi, Ltd. (ADR)
| HTHIY |
0.69%
|
Deere & Company
| DE |
0.67%
|
Vertex Pharmaceuticals Incorporated
| VRTX |
0.66%
|
Cognizant Technology Solutions Corporation
| CTSH |
0.66%
|
DBS Group Holdings Ltd. (ADR)
| DBSDY |
0.66%
|
Keurig Dr Pepper Inc.
| KDP |
0.66%
|
Corteva Inc.
| CTVA |
0.65%
|
HSBC Holdings Plc (ADR)
| HSBC |
0.64%
|
Microsoft Corporation
| MSFT |
0.62%
|
Fastenal Company
| FAST |
0.62%
|
Tokio Marine Holdings, Inc. (ADR)
| TKOMY |
0.62%
|
KDDI Corporation (ADR)
| KDDIY |
0.62%
|
Sprouts Farmers Market, Inc.
| SFM |
0.62%
|
Ross Stores, Inc.
| ROST |
0.61%
|
General Motors Company
| GM |
0.61%
|
Tractor Supply Company
| TSCO |
0.60%
|
Amazon.com, Inc.
| AMZN |
0.60%
|
Alphabet Inc. (Class A)
| GOOGL |
0.58%
|
Chubb Limited
| CB |
0.56%
|
AMETEK, Inc.
| AME |
0.56%
|
Itochu Corp. (ADR)
| ITOCY |
0.55%
|
Air Liquide S.A. (ADR)
| AIQUY |
0.54%
|
Chewy, Inc. (Class A)
| CHWY |
0.54%
|
Industria de Diseno Textil, S.A. (ADR)
| IDEXY |
0.53%
|
The Hershey Company
| HSY |
0.52%
|
Caterpillar Inc.
| CAT |
0.51%
|
Exxon Mobil Corporation
| XOM |
0.51%
|
Chevron Corporation
| CVX |
0.50%
|
D.R. Horton, Inc.
| DHI |
0.49%
|
FedEx Corporation
| FDX |
0.48%
|
General Mills, Inc.
| GIS |
0.47%
|
PepsiCo, Inc.
| PEP |
0.47%
|
EOG Resources, Inc.
| EOG |
0.47%
|
Vistra Corp.
| VST |
0.47%
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Linde Plc
| LIN |
0.47%
|
The Kraft Heinz Company
| KHC |
0.46%
|
Dell Technologies Inc. (Class C)
| DELL |
0.46%
|
Archer-Daniels-Midland Company
| ADM |
0.45%
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L'Oreal S.A. (ADR)
| LRLCY |
0.45%
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Liberty Broadband Corporation (Class C)
| LBRDK |
0.45%
|
PACCAR Inc
| PCAR |
0.44%
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Applied Materials, Inc.
| AMAT |
0.44%
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Agilent Technologies, Inc.
| A |
0.44%
|
Nippon Telegraph and Telephone Corporation (ADR)
| NTTYY |
0.44%
|
Rio Tinto Plc (ADR)
| RIO |
0.43%
|
Hims & Hers Health, Inc.
| HIMS |
0.43%
|
Shell Plc (ADR)
| SHEL |
0.43%
|
Lennar Corporation
| LEN |
0.41%
|
Daiichi Sankyo Company, Limited (ADR)
| DSNKY |
0.41%
|
Valero Energy Corporation
| VLO |
0.40%
|
Mitsui & Co., Ltd. (ADR)
| MITSY |
0.40%
|
ConocoPhillips
| COP |
0.39%
|
Equinor ASA
| EQNR |
0.39%
|
Diamondback Energy, Inc.
| FANG |
0.38%
|
TotalEnergies SE (ADR)
| TTE |
0.37%
|
Unum Group
| UNM |
0.37%
|
Toyota Motor Corporation
| TM |
0.36%
|
BJ's Wholesale Club Holdings, Inc.
| BJ |
0.36%
|
Nucor Corporation
| NUE |
0.35%
|
Casey's General Stores, Inc.
| CASY |
0.35%
|
Regeneron Pharmaceuticals, Inc.
| REGN |
0.35%
|
Coca-Cola Consolidated, Inc.
| COKE |
0.35%
|
Mercedes-Benz Group AG (ADR)
| MBGYY |
0.35%
|
Mueller Industries, Inc.
| MLI |
0.34%
|
BP Plc (ADR)
| BP |
0.34%
|
EQT Corporation
| EQT |
0.34%
|
Comfort Systems USA, Inc.
| FIX |
0.34%
|
Target Corporation
| TGT |
0.33%
|
Canadian Natural Resources Limited
| CNQ |
0.33%
|
DocuSign, Inc.
| DOCU |
0.33%
|
Tradeweb Markets Inc. (Class A)
| TW |
0.33%
|
Volkswagen AG (ADR)
| VWAGY |
0.33%
|
MGIC Investment Corporation
| MTG |
0.32%
|
United Therapeutics Corporation
| UTHR |
0.31%
|
Stride, Inc.
| LRN |
0.31%
|
Cincinnati Financial Corporation
| CINF |
0.29%
|
The New York Times Company (Class A)
| NYT |
0.29%
|
EMCOR Group, Inc.
| EME |
0.29%
|
Expand Energy Corporation
| EXE |
0.29%
|
Ingredion Incorporated
| INGR |
0.28%
|
Texas Roadhouse, Inc.
| TXRH |
0.27%
|
Novo Nordisk A/S (ADR)
| NVO |
0.26%
|
Jabil Inc.
| JBL |
0.26%
|
AAON, Inc.
| AAON |
0.26%
|
Snap-on Incorporated
| SNA |
0.25%
|
Affiliated Managers Group, Inc.
| AMG |
0.25%
|
Taylor Morrison Home Corporation
| TMHC |
0.25%
|
NewMarket Corporation
| NEU |
0.24%
|
IES Holdings, Inc.
| IESC |
0.23%
|
The Mosaic Company
| MOS |
0.23%
|
Science Applications International Corporation
| SAIC |
0.23%
|
Arrow Electronics, Inc.
| ARW |
0.22%
|
PulteGroup, Inc.
| PHM |
0.22%
|
Acuity, Inc.
| AYI |
0.22%
|
Hewlett Packard Enterprise Company
| HPE |
0.22%
|
Toll Brothers, Inc.
| TOL |
0.21%
|
Eagle Materials Inc.
| EXP |
0.21%
|
Steel Dynamics, Inc.
| STLD |
0.21%
|
Meritage Homes Corporation
| MTH |
0.21%
|
Reliance Inc.
| RS |
0.21%
|
Molina Healthcare, Inc.
| MOH |
0.21%
|
Deckers Outdoor Corporation
| DECK |
0.21%
|
Erie Indemnity Company
| ERIE |
0.21%
|
Ulta Beauty, Inc.
| ULTA |
0.21%
|
ACI Worldwide, Inc.
| ACIW |
0.20%
|
KB Home
| KBH |
0.20%
|
Molson Coors Beverage Company
| TAP |
0.20%
|
Coterra Energy Inc.
| CTRA |
0.19%
|
Commercial Metals Company
| CMC |
0.19%
|
FTI Consulting, Inc.
| FCN |
0.19%
|
Qualys, Inc.
| QLYS |
0.19%
|
AGCO Corporation
| AGCO |
0.18%
|
Cabot Corporation
| CBT |
0.18%
|
National Fuel Gas Company
| NFG |
0.18%
|
Cal-Maine Foods, Inc.
| CALM |
0.18%
|
Grand Canyon Education, Inc.
| LOPE |
0.18%
|
Medpace Holdings, Inc.
| MEDP |
0.18%
|
Badger Meter, Inc.
| BMI |
0.17%
|
CorVel Corporation
| CRVL |
0.17%
|
Stellantis N.V.
| STLA |
0.17%
|
Graham Holdings Company
| GHC |
0.16%
|
Sanmina Corporation
| SANM |
0.16%
|
Dycom Industries, Inc.
| DY |
0.16%
|
Plexus Corp.
| PLXS |
0.16%
|
PriceSmart, Inc.
| PSMT |
0.16%
|
Gentex Corporation
| GNTX |
0.15%
|
Abercrombie & Fitch Co. (Class A)
| ANF |
0.15%
|
Independent Bank Corp.
| INDB |
0.15%
|
CNX Resources Corporation
| CNX |
0.15%
|
NMI Holdings, Inc. (Class A)
| NMIH |
0.15%
|
ONE Gas, Inc.
| OGS |
0.15%
|
Lamb Weston Holdings, Inc.
| LW |
0.15%
|
Black Hills Corporation
| BKH |
0.14%
|
TEGNA Inc.
| TGNA |
0.14%
|
International Bancshares Corporation
| IBOC |
0.14%
|
FMC Corporation
| FMC |
0.14%
|
CVB Financial Corp.
| CVBF |
0.14%
|
MGE Energy, Inc.
| MGEE |
0.14%
|
Oscar Health, Inc. (Class A)
| OSCR |
0.14%
|
Harley-Davidson, Inc.
| HOG |
0.13%
|
Radian Group Inc.
| RDN |
0.13%
|
First Financial Bancorp.
| FFBC |
0.13%
|
Green Brick Partners, Inc.
| GRBK |
0.13%
|
Premier, Inc. (Class A)
| PINC |
0.13%
|
HF Sinclair Corp.
| DINO |
0.13%
|
Avnet, Inc.
| AVT |
0.12%
|
National Storage Affiliates Trust
| NSA |
0.12%
|
Schneider National, Inc. (Class B)
| SNDR |
0.12%
|
Otter Tail Corporation
| OTTR |
0.11%
|
Bruker Corporation
| BRKR |
0.11%
|
Rush Enterprises, Inc. (Class A)
| RUSHA |
0.11%
|
MYR Group Inc.
| MYRG |
0.11%
|
Chord Energy Corporation
| CHRD |
0.11%
|
Columbia Sportswear Company
| COLM |
0.10%
|
Matson, Inc.
| MATX |
0.10%
|
Cogent Communications Holdings, Inc.
| CCOI |
0.10%
|
ACADIA Pharmaceuticals Inc.
| ACAD |
0.10%
|
Tri Pointe Homes, Inc.
| TPH |
0.10%
|
Hub Group, Inc.
| HUBG |
0.09%
|
Innospec Inc.
| IOSP |
0.09%
|
Alamo Group Inc.
| ALG |
0.09%
|
Warrior Met Coal, Inc.
| HCC |
0.09%
|
Photronics, Inc.
| PLAB |
0.08%
|
Core Natural Resources Inc.
| CNR |
0.08%
|
Academy Sports and Outdoors, Inc.
| ASO |
0.08%
|
Vishay Intertechnology, Inc.
| VSH |
0.07%
|
The Andersons, Inc.
| ANDE |
0.07%
|
RPC, Inc.
| RES |
0.07%
|
CVR Energy, Inc.
| CVI |
0.07%
|
PBF Energy Inc.
| PBF |
0.07%
|
Peabody Energy Corporation
| BTU |
0.07%
|
Grocery Outlet Holding Corp.
| GO |
0.07%
|
American Eagle Outfitters, Inc.
| AEO |
0.06%
|
Liberty Energy Inc. (Class A)
| LBRT |
0.06%
|
Patterson-UTI Energy, Inc.
| PTEN |
0.05%
|
Helmerich & Payne, Inc.
| HP |
0.05%
|
Alpha Metallurgical Resources, Inc.
| AMR |
0.05%
|
Millrose Properties, Inc. (Class A)
| MRP |
0.05%
|
Vital Energy Inc.
| VTLE |
0.03%
|
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Total Number of Holdings: 234 |
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Underlying Securities information represented above is as of 05/07/2025 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. Brexit Risk. The United Kingdom's official departure from the European Union (commonly referred to as "Brexit") led to volatility in global financial markets, in particular those of the United Kingdom and across Europe, and the weakening in political, regulatory, consumer, corporate and financial confidence in the United Kingdom and Europe. It is not currently possible to determine the extent of the impact that Brexit 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. 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. 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. 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. High-Yield or Junk Bonds Risk. Investing in high-yield securities should be viewed as speculative and you should review your ability to assume the risks associated with investments that utilize such bonds. 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 bonds 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. 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. Public Health Crisis Risk. A public health crisis, and the ensuing policies enacted by governments and central banks in response, could cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects. 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. 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. 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.
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, ©2025 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.
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