Interest Rate Hedge, 161  Ticker: FQSGFX
 
Description
A unit investment trust that seeks above-average total return by investing in common stocks of companies with a history of dividend growth, as well as exchange-traded funds which invest in convertible securities, TIPS, MLPs, limited duration bonds and real estate investment trusts.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: IRHG161
Portfolio Status: Primary
Initial Offer Date: 02/27/2026
Portfolio Ending Date: 02/28/2028
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.8831
POP(*): $10.1112
Remaining Deferred Sales Charge: $0.2250
Remaining Fees & Expenses
C&D Fee:** $0.0500
Estimated Organization Costs:** $0.0390
* As of Trade Date: 05/11/2026 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any 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.
** The C&D fee is a charge of $0.050 per unit collected at the end of the initial offering period. If the price you pay exceeds $10.00 per unit, the C&D fee will be less than 0.50%; if the price you pay is less than $10.00 per unit, the C&D fee will exceed 0.50%.Estimated organization costs will be deducted from the assets of the trust at the earlier of six months after the initial date of deposit or the end of the initial offering period.Estimated organization costs are assessed on a fixed dollar amount per unit basis which, as a percentage of average net assets, will vary over time.Actual expenses may be more or less than the estimates.Please see "Fee Table" in the trust prospectus for additional information.
If units are redeemed prior to the time when these fees are collected, these fees will not be deducted from the redemption proceeds.

 Historical 12-Month Distribution of Trust Holdings:^
Rate (as of 5/11/2026) Per Unit (as of 5/8/2026)
3.51% $0.35540
^ 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.

 Premium/Discount of Securities Held in the Portfolio
Weighted Average Premium/Discount 0.00%
As of 5/8/2026
A premium occurs when an underlying security's market price is higher than its net asset value (or par value in the case of preferred securities), and a discount occurs when an underlying security's market price is lower than its net asset value (or par value in the case of preferred securities).

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 Alerian MLP ETF AMLP 5.11%
 InfraCap MLP ETF AMZA 5.11%
 Global X MLP ETF MLPA 5.06%
 First Trust North American Energy Infrastructure Fund EMLP 4.94%
 iShares Convertible Bond ETF ICVT 4.42%
 State Street SPDR Bloomberg Convertible Securities ETF CWB 4.39%
 Invesco KBW Premium Yield Equity REIT ETF KBWY 2.58%
 iShares Core U.S. REIT ETF USRT 2.58%
 NXP Semiconductors N.V. NXPI 2.57%
 Invesco Senior Loan ETF BKLN 2.52%
 Vanguard Short-Term Inflation-Protected Securities ETF VTIP 2.52%
 iShares Global REIT ETF REET 2.50%
 Schwab U.S. TIPS ETF SCHP 2.49%
 WisdomTree Floating Rate Treasury Fund USFR 2.49%
 VanEck IG Floating Rate ETF FLTR 2.48%
 State Street SPDR Bloomberg Short Term High Yield Bond ETF SJNK 2.47%
 Invesco Variable Rate Preferred ETF VRP 2.47%
 PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund HYS 2.45%
 Vanguard Global ex-U.S. Real Estate ETF VNQI 2.33%
 Halliburton Company HAL 2.23%
 First Trust SSI Strategic Convertible Securities ETF FCVT 2.21%
 The Bank of New York Mellon Corporation BK 2.13%
 EOG Resources, Inc. EOG 2.12%
 Devon Energy Corporation DVN 2.12%
 Dick's Sporting Goods, Inc. DKS 2.10%
 East West Bancorp, Inc. EWBC 2.08%
 Otter Tail Corporation OTTR 2.05%
 General Dynamics Corporation GD 2.02%
 Union Pacific Corporation UNP 2.00%
 The Allstate Corporation ALL 1.99%
 Snap-on Incorporated SNA 1.96%
 Fifth Third Bancorp FITB 1.89%
 Merck & Co., Inc. MRK 1.88%
 Regions Financial Corporation RF 1.88%
 Ingredion Incorporated INGR 1.81%
 Johnson & Johnson JNJ 1.80%
 The Mosaic Company MOS 1.63%
 Abbott Laboratories ABT 1.42%
 Tractor Supply Company TSCO 1.20%
 
Total Number of Holdings:    39
Underlying Securities information represented above is as of 05/08/2026 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.03%
  Deferred:  2.23%
C&D Fee:    0.49%
Maximum Sales Charge:   2.75%
CUSIP Type Distribution
30344C741 Cash Monthly
30344C758 Reinvest Monthly
* Based on the offer price as of 05/11/2026 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.51%
Maximum Sales Charge:   0.51%
CUSIP Type Distribution
30344C766 Cash-Fee Monthly
30344C774 Reinvest-Fee Monthly
* Based on the NAV price as of 05/11/2026 4:00pm ET

 Estimated Fees & Expenses *
Estimated Organization Costs 0.390%
Estimated Annual Trust Operating Expenses 0.589%
As of Initial Offer Date
* The C&D fee is a charge of $0.050 per unit collected at the end of the initial offering period. If the price you pay exceeds $10.00 per unit, the C&D fee will be less than 0.50%; if the price you pay is less than $10.00 per unit, the C&D fee will exceed 0.50%.Estimated organization costs will be deducted from the assets of the trust at the earlier of six months after the initial date of deposit or the end of the initial offering period.Estimated organization costs and trust operating expenses are assessed on a fixed dollar amount per unit basis which, as a percentage of average net assets, will vary over time.Actual expenses may be more or less than the estimates.Please see "Fee Table" in the trust prospectus for additional information.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 June 18, 2026
$0.07500 July 20, 2026
$0.07500 August 20, 2026

Risk Considerations

Unit investment trusts are designed to be held until trust termination. If redeemed early, additional fees, such as remaining deferred sales charges, will be assessed.

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.

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.

Convertible Securities Risk. Convertible securities are bonds, preferred stocks and other securities that pay a fixed rate of interest (or dividends) and will repay principal at a fixed date in the future. However, these securities may be converted into a specific number of common stocks at a specified time. As such, an investment in convertible securities entails some of the risks associated with both common stocks and bonds.

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.

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.

Limited Duration Bonds Risk. Limited duration bonds are subject to interest rate risk, which is the risk that the value of a security will fall if interest rates increase. While limited duration bonds are generally subject to less interest rate sensitivity than longer duration bonds, there can be no assurance that interest rates will not rise during the life of the trust.

Market Risk. Market risk is the risk that a particular security, or units of a trust in general may fall in value. Securities are subject to market fluctuations caused by such factors as general economic conditions, political events, regulatory or market developments, changes in interest rates, and perceived trends in securities prices. Units of a trust could decline in value or underperform other investments as a result. In addition, local, regional, or global events such as war, acts of terrorism, spread of infectious disease or other public health issues, recessions, natural disasters, or other events could have significant negative impact on a trust.

MLP Risk. Investments in MLPs are subject to the risks generally applicable to companies in the energy and natural resources sectors, including commodity pricing risk, supply and demand risk, depletion risk and exploration risk. U.S. taxing authorities could challenge the trust's treatment of the MLPs for federal income tax purposes. These tax risks could have a negative impact on the after-tax income available for distribution by the MLPs and/or the value of the trust's investments.

Not Absolute Risk. This unit investment trust is not an absolute return investment vehicle.

REITs Risk. 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.

TIPS Risk. Treasury Inflation Protected Securities ("TIPS") are subject to numerous risks including changes in interest rates, economic recession and deterioration of the bond market or investors' perception thereof.

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 organization 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.

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