Pacific Northwest, 3  Ticker: FLDZSX
 
Description
A unit investment trust that seeks above-average capital appreciation by investing in a portfolio comprised of the equity securities of companies with headquarters, or a significant presence, in the northwest region of the U.S.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: PANW3
Portfolio Status: Secondary
Initial Offer Date: 10/02/2019
Secondary Date: 12/31/2019
Portfolio Ending Date: 01/04/2021
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $7.8643
POP(*): $7.9719
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/27/2020 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 3/27/2020) Per Unit (as of 3/27/2020)
1.29% $0.10290
^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. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. PLEASE NOTE: For trusts that hold preferred securities, the historical distribution rate is calculated using only the holdings that have 12 months of distribution history. Any holdings without a 12 month history of dividends were excluded from the calculation. 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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 5.27%
Consumer Discretionary  Consumer Discretionary 23.94%
Consumer Staples  Consumer Staples 8.89%
Energy  Energy 0.00%
Financials  Financials 3.53%
Health Care  Health Care 6.40%
Industrials  Industrials 17.07%
Information Technology  Information Technology 22.59%
Materials  Materials 3.74%
Real Estate  Real Estate 0.00%
Utilities  Utilities 8.30%
Other  Other 0.27%
 
  Large Mid Small  
Growth  32.91% 11.90% 12.02%  
Value  14.83% 19.76% 8.31%  

 Style Weighting
Large-Cap Growth 32.91%
Large-Cap Value 14.83%
Mid-Cap Growth 11.90%
Mid-Cap Value 19.76%
Small-Cap Growth 12.02%
Small-Cap Value 8.31%
Undetermined 0.27%
 Composition
U.S. Stocks 99.73%   Other 0.27%
Non-U.S. Stocks 0.00%      
The style and sector characteristics of the portfolio are determined as of 03/27/2020 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $143,487.10
Price/Earnings 17.34
Price/Book 2.48
As of 3/27/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Seattle Genetics, Inc. SGEN Health Care  Health Care Large-Cap Growth 6.40%
 Amazon.com, Inc. AMZN Consumer Discretionary  Consumer Discretionary Large-Cap Growth 5.55%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 5.48%
 T-Mobile US, Inc. TMUS Communication Services  Communication Services Large-Cap Value 5.27%
 Micron Technology, Inc. MU Information Technology  Information Technology Large-Cap Value 5.16%
 Costco Wholesale Corporation COST Consumer Staples  Consumer Staples Large-Cap Growth 4.99%
 Lattice Semiconductor Corporation LSCC Information Technology  Information Technology Small-Cap Growth 4.76%
 NIKE, Inc. (Class B) NKE Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.51%
 Expeditors International of Washington, Inc. EXPD Industrials  Industrials Mid-Cap Growth 4.48%
 PACCAR Inc PCAR Industrials  Industrials Large-Cap Value 4.40%
 Portland General Electric Company POR Utilities  Utilities Mid-Cap Value 4.28%
 IDACORP, Inc. IDA Utilities  Utilities Mid-Cap Value 4.02%
 Itron, Inc. ITRI Information Technology  Information Technology Small-Cap Growth 4.02%
 Lamb Weston Holdings, Inc. LW Consumer Staples  Consumer Staples Mid-Cap Growth 3.90%
 Starbucks Corporation SBUX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.84%
 Fortive Corporation FTV Industrials  Industrials Mid-Cap Value 3.75%
 Boise Cascade Company BCC Materials  Materials Small-Cap Value 3.74%
 Columbia Banking System, Inc. COLB Financials  Financials Small-Cap Value 3.53%
 Columbia Sportswear Company COLM Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.52%
 Lithia Motors, Inc. LAD Consumer Discretionary  Consumer Discretionary Small-Cap Growth 3.24%
 FLIR Systems, Inc. FLIR Information Technology  Information Technology Mid-Cap Value 3.17%
 Alaska Air Group, Inc. ALK Industrials  Industrials Mid-Cap Value 2.30%
 Expedia Group, Inc. EXPE Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.24%
 The Boeing Company BA Industrials  Industrials Large-Cap Growth 2.14%
 Funko, Inc. (Class A) FNKO Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.04%
 
Total Number of Holdings:    25
Underlying Securities information represented above is as of 03/27/2020 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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

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.

Consumer Products Risk. The companies engaged in the consumer products sector are subject to global competition, changing government regulations and trade policies, currency fluctuations, and the financial and political risks inherent in producing products for foreign markets.

COVID-19 Economic Impact Risk. Local, regional or global events such as war, acts of terrorism, spread of infectious diseases or other public health issues, recessions, or other events could have a significant negative impact on the portfolio and its investments. Such events may affect certain geographic regions, countries, sectors and industries more significantly than others. The recent outbreak of a respiratory disease designated as COVID-19 was first detected in China in December 2019. The global economic impact of the COVID-19 outbreak is impossible to predict but is expected to disrupt manufacturing, supply chains and sales in affected areas, negatively impact global economic growth prospects, and could result in a substantial economic downturn or recession.

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.

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.

The style and capitalization characteristics used to describe the stocks are designed to help you understand how they fit into your overall investment plan. Due to changes in the value of the stocks the characteristics may vary over time. In general, growth stocks have high relative price-to-book ratios while value stocks have low relative price-to-book ratios. In determining market capitalization characteristics, we analyze the market capitalizations of the 3,000 largest stocks in the U.S. (excluding foreign securities, ADRs, limited partnerships and regulated investment companies) on a monthly basis. Companies with market capitalizations among the largest 10% are considered Large-Cap securities, the next 20% are considered Mid-Cap securities and the remaining securities are considered Small-Cap securities.

You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial advisor 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.