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Income Allocation Closed-End Portfolio, 2nd Quarter 2019 Series
Ticker Symbol: FGNIHX

40 Holdings (As of Day of Deposit)
Ticker Name Initial
Weight
Price*
General Equity Funds
EVT Eaton Vance Tax-Advantaged Dividend Income Fund 2.50% $22.75
ETY Eaton Vance Tax-Managed Diversified Equity Income Fund 2.50% 11.60
USA Liberty All-Star Equity Fund 2.50% 6.24
ASG Liberty All-Star Growth Fund, Inc. 2.50% 5.69
JCE Nuveen Core Equity Alpha Fund 2.50% 14.08
RMT Royce Micro-Cap Trust, Inc. 2.50% 8.48
RVT Royce Value Trust, Inc. 2.50% 14.21
ZF Virtus Total Return Fund Inc. 2.50% 10.23
High-Yield Bond Funds
BGH Barings Global Short Duration High Yield Fund 2.50% 18.64
HYT BlackRock Corporate High Yield Fund, Inc. 2.50% 10.40
DHF Dreyfus High Yield Strategies Fund 2.50% 3.12
IVH Ivy High Income Opportunities Fund 2.50% 13.76
GHY PGIM Global High Yield Fund Inc. 2.50% 14.03
ISD PGIM High Yield Bond Fund, Inc. 2.50% 14.28
EAD Wells Fargo Income Opportunities Fund 2.50% 7.98
HIX Western Asset High Income Fund II Inc. 2.50% 6.60
Investment Grade Bond Funds
BHK BlackRock Core Bond Trust 2.50% 13.42
VBF Invesco Bond Fund 2.50% 18.25
WEA Western Asset Premier Bond Fund 2.50% 13.14
Loan Participation Funds
AFT Apollo Senior Floating Rate Fund Inc. 2.50% 15.11
ARDC Ares Dynamic Credit Allocation Fund, Inc. 2.50% 15.10
BGX Blackstone/GSO Long-Short Credit Income Fund 2.50% 15.50
BSL Blackstone/GSO Senior Floating Rate Term Fund 2.50% 16.75
EFR Eaton Vance Senior Floating-Rate Trust 2.50% 13.23
JQC Nuveen Credit Strategies Income Fund 2.50% 7.98
JRO Nuveen Floating Rate Income Opportunity Fund 2.50% 9.76
NSL Nuveen Senior Income Fund 2.50% 5.87
TSLF THL Credit Senior Loan Fund 2.50% 15.62
Specialized Equity Funds
DSE Duff & Phelps Select MLP and Midstream Energy Fund Inc. 2.50% 5.17
NRO Neuberger Berman Real Estate Securities Income Fund Inc. 2.50% 4.99
HQL Tekla Life Sciences Investors 2.50% 17.39
World Equity Funds
IAF Aberdeen Australia Equity Fund, Inc. 2.50% 5.40
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund 2.50% 8.21
IHD Voya Emerging Markets High Dividend Equity Fund 2.50% 8.03
World Income Funds
FAX Aberdeen Asia-Pacific Income Fund, Inc. 2.50% 4.24
EDD Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. 2.50% 6.62
JGH Nuveen Global High Income Fund 2.50% 15.45
TEI Templeton Emerging Markets Income Fund 2.50% 10.37
GIM Templeton Global Income Fund 2.50% 6.35
EMD Western Asset Emerging Markets Debt Fund Inc. 2.50% 13.84

* As of the close of business on 4/8/19.
Market values are for reference only and are not indicative of your individual cost basis.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value

Portfolio Summary
Initial Offering Date 4/10/2019
Initial Public Offering Price $10.00 per Unit
Portfolio Ending Date 7/9/2020
Historical 12-Month Distribution Rate of Trust Holdings:* 7.85%
Cash CUSIP 30310V269
Reinvestment CUSIP 30310V277
Fee Accounts Cash CUSIP 30310V285
Fee Accounts Reinvestment CUSIP 30310V293

*There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical distribution rate of the securities included in the trust is for illustrative purposes only and is not indicative of the trust’s distribution rate. The historical distribution rate is calculated by dividing the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio by the trust’s offering price and is reduced to account for the effects of fees and expenses which will be incurred when investing in a trust. 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 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.


Sales Charges (based on a $10 public offering price)
Standard Accounts
Transactional Sales Charges: Initial: 0.00%
  Deferred: 1.35%
Creation & Development Fee:   0.50%
Maximum Sales Charge:   1.85%

The deferred sales charge will be deducted in three monthly installments commencing 7/19/19.

When the public offering price is less than or equal to $10.00 per unit, there will be no initial sales charge. If the price exceeds $10.00 per unit, you will pay an initial sales charge.

Fee/Wrap Accounts
Maximum Sales Charge: 0.50%

The maximum sales charge for investors in fee accounts consists of the creation and development fee. Investors in fee accounts are not assessed any transactional sales charges. Standard accounts sales charges apply to units purchased as an ineligible asset.

The creation and development fee is a charge of $.050 per unit collected at the end of the initial offering period. If the price you pay exceeds $10.00 per unit, the creation and development fee will be less than 0.50%; if the price you pay is less than $10.00 per unit, the creation and development fee will exceed 0.50%.

In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

You should consider the portfolio's investment objectives, risks, and charges and expenses carefully 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 portfolio. Read it carefully before you invest.

Risk Considerations:
An investment in this unmanaged unit investment trust should be made with an understanding of the risks associated with an investment in a portfolio of closed-end funds.

Closed-end funds 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 the funds 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, closed-end funds frequently trade at a discount to their net asset value in the secondary market. Certain closed-end funds employ the use of leverage, which increases the volatility of such funds.

Certain of the closed-end funds invest in common stocks. Common stocks are subject to 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.

Certain of the closed-end funds invest in options. Options are subject to various risks including that their value may be adversely affected if the market for the option becomes less liquid or smaller. In addition, options will be affected by changes in the value and dividend rates of the stock subject to the option, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the common stock and the remaining time to expiration.

Certain of the closed-end funds invest in senior loans. The yield on closed-end funds which invest in 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.

Certain of the closed-end funds invest in high-yield securities or “junk” bonds. Investing in high-yield securities should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. 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 securities and are affected by short-term credit developments to a greater degree.

Certain of the closed-end funds invest in investment grade securities. Investment grade bonds 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.

Certain of the closed-end funds invest in floating-rate securities. A floating-rate security is an instrument in which the interest rate payable on the obligation fluctuates on a periodic basis based upon changes in an interest rate benchmark. As a result, the yield on such a security will generally decline in a falling interest rate environment, causing the trust to experience a reduction in the income it receives from such securities.

Certain of the closed-end funds invest in securities issued by foreign issuers. Such securities are subject to certain risks, including currency and interest rate fluctuations, nationalization or other adverse political or economic developments, lack of liquidity of certain foreign markets, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers. Risks associated with investing in foreign securities may be more pronounced in emerging markets where the securities markets are substantially smaller, less liquid, less regulated and more volatile than the U.S. and developed foreign markets.

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.

Although this portfolio terminates in approximately 15 months, the strategy is long-term. Investors should consider their ability to pursue investing in successive portfolios, if available. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

For a discussion of additional risks of investing in the trust see the “Risk Factors” section of the prospectus.

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.

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 cyber security.

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.

 
Fund Cusip Information
30310V269 (Cash)
30310V277 (Reinvest)
30310V285 (Cash-Fee)
30310V293 (Reinvest-Fee)
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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 advisors 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.
First Trust Advisors L.P.
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