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Investment Grade Multi-Asset Income Long-Term, 30
Ticker Symbol: FTPYIX

22 Holdings (As of Day of Deposit)
Aggregate
Principal
Name of Bond Issue S&P
Rating (1)
Redemption
Provisions (2)
  Corporate Bonds    
$225,000 Aflac Incorporated, Senior Notes, 4.75%, Due 01/15/2049 (4) A-  
225,000 Applied Materials, Inc., Senior Notes, 4.35%, Due 04/01/2047 (4) A-  
100,000 Aptiv Plc, Senior Notes, 5.40%, Due 03/15/2049 (4) BBB  
225,000 Bank of America, Senior Notes, 4.875%, Due 04/01/2044 A-  
225,000 Burlington Northern Santa Fe, LLC, Debentures, 4.90%, Due 04/01/2044 (4) A+  
225,000 Comcast, Notes, 4.70%, Due 10/15/2048 (4) A-  
225,000 Conagra Brands, Inc., Senior Notes, 5.40%, Due 11/01/2048 (4) BBB-  
225,000 General Motors Company, Senior Notes, 6.75%, Due 04/01/2046 (4) BBB  
350,000 Gilead Sciences, Inc., Senior Notes, 4.75%, Due 03/01/2046 (4) A
225,000 Hewlett Packard Enterprise Company, Notes, 6.35%, Due 10/15/2045 (4) BBB  
200,000 Louisville Gas and Electric Company, First Mortgage, 4.25%, Due 04/01/2049 (4) A
225,000 MetLife, Inc., Series E Senior Component Debentures, Tranche 2, 4.721%, Due 12/15/2044 (4) A-  
225,000 Occidental Petroleum Corporation, Senior Notes, 4.40%, Due 04/15/2046 (4) A
350,000 QUALCOMM Incorporated, Notes, 4.80%, Due 05/20/2045 (4) A-  
225,000 W.W. Grainger, Inc., Senior Notes, 4.60%, Due 06/15/2045 (4) A+  
  Municipal Bonds    
$215,000 American Municipal Power, Inc., (formerly American Municipal Power-Ohio, Inc.), Prairie State Energy Campus Project Revenue, Series 2009C (Federally Taxable - Issuer Subsidy - Build America Bonds), 6.053%, Due 02/15/2043 (4) (5) A 2040 @ 100 S.F.
155,000 California Educational Facilities Authority, Revenue, (Santa Clara University), Taxable Series 2017A, 3.836%, Due 04/01/2047 NR 2027 @ 100
2038 @ 100 S.F.
150,000 Miami-Dade County, Florida, Aviation Revenue Refunding, Series 2018C, (Taxable), 4.28%, Due 10/01/2041 A 2028 @ 100
2034 @ 100 S.F.
210,000 Modesto Irrigation District Financing Authority, Taxable Electric System Revenue, (Capital Improvements), Series 2010A, (Build America Bonds), 7.204%, Due 10/01/2040 (4) (5) A+ 2033 @ 100 S.F.
200,000 New York City Educational Construction Fund, Revenue, 2010 Series A, (Federally Taxable - Build America Bonds), 6.20%, Due 04/01/2040 (4) (5) AA- 2036 @ 100 S.F.
350,000 The Oklahoma Development Finance Authority, Oklahoma State System of Higher Education, Master Real Property Lease Revenue, 3.875%, Due 06/01/2046 (3) AA- 2026 @ 100
2042 @ 100 S.F.
225,000 Union County Hospital Authority, Federally Taxable Hospital Revenue, (Evangelical Community Hospital), Series C of 2018, 4.85%, Due 08/01/2041 A- 2028 @ 100
2034 @ 100 S.F.

(1) As of the Initial Date of Deposit. The ratings are by Standard & Poor’s and are unaudited. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO), including Standard & Poor’s Rating Group, of the creditworthiness of an issuer with respect to debt obligations. Standard & Poor’s ratings are measured on a scale ranging from AAA (highest) to D (lowest). Sub-investment grade ratings are those rated BB+ or lower. Investment grade ratings are those rated BBB- or higher.

(2) Certain securities may be redeemed before their stated maturity. This column shows when a security is initially redeemable and the redemption price for that year. Securities are redeemable at declining prices (but not below par value) in subsequent years. S.F. indicates a sinking fund is established with respect to an issue of securities. Certain securities may also be redeemed in whole or in part other than by operation of the stated redemption provisions under certain circumstances detailed in the instruments creating them. Such redemption provisions may result in a redemption price less than the value of the securities on the Initial Date of Deposit. Estimated Current Return and Estimated Long-Term Return may also be affected by such redemptions.

(3) This security was, or will be, issued at an original issue discount on the following date and at the following percentage of their original principal amount: The Oklahoma Development Finance Authority, 08/24/2016, 99.208%.

(4) This security has a “make whole” call option and is redeemable in whole or in part at any time at the option of the issuer at a redemption price that is generally equal to the sum of the principal amount of the security, a “make whole” amount, and any accrued and unpaid interest to the date of redemption.

(5) These securities have provisions that permit redemption in whole or in part upon the reduction or elimination of the issuer’s cash subsidy payment from the U.S. government (“extraordinary redemption”). Such extraordinary redemption may result in a redemption price less than the value of the security on the initial date of deposit.


Not FDIC Insured • Not Bank Guaranteed • May Lose Value


Deposit Information
Date of Deposit 4/2/2019
Estimated Organization Costs per Unit: 0.713%
Estimated Annual Trust Operating Expenses per Unit: 0.258%
   
CUSIP 33741B340
Maximum Sales Charge 3.50% up-front
   
Wrap CUSIP 33741B357
Maximum Sales Charge 0.60% up-front

Estimated organization costs will be deducted from the assets of the trust at the end of the initial offering period.

Estimated organization costs and trust operating expenses are assessed on a fixed dollar amount per unit basis. Actual expenses may be more or less than the estimates.


Trust Specifics (as of close of business on 4/2/19)
Weighted Average Maturity:* 26.1 years
Initial Principal Amount (Par Value) of Securities: $1,000.00 per Unit
   
Standard Accounts:  
Initial Public Offering Price $1,124.50 per Unit
Estimated Current Return:** 4.21%
Estimated Long-Term Return:** 3.99%
   
Wrap Accounts:  
Initial Public Offering Price: $1,091.92 per Unit
Estimated Current Return:** 4.34%
Estimated Long-Term Return:** 4.17%

*Weighted average maturity represents the average amount of time remaining until the bonds held in the trust mature, taking into account each bond’s weight within the portfolio based on its market value.

**Estimated current return is calculated by dividing estimated net annual interest income per unit by the public offering price. Estimated long-term return is calculated using a formula which (1) factors in the relative weightings of the market values, yields and estimated retirements of the securities; and (2) takes into account a compounding factor, the sales charge and expenses. There is no assurance that the returns will be realized in the future because the various components used to calculate these figures will change. In addition, neither rate reflects the true return you will receive, which will be lower, because neither includes the effect of certain delays in distributions with respect to when the securities pay interest and when distributions are paid by the trust.


Distributions

This unit investment trust seeks to distribute monthly income.

   
Initial Distribution per Unit: $0.78
Estimated Regular Distribution per Unit: $3.95

Distributions, if any, are paid on the twenty-fifth day of each month to unit holders of record on the tenth day of each month with the initial distribution per unit scheduled to occur on April 25, 2019 and estimated regular distributions per unit scheduled to begin on May 25, 2019. The actual distribution you receive will vary from that set forth above with changes in the portfolio’s fees and expenses and with the sale, maturity or redemption of securities.

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 both investment grade corporate bonds and taxable municipal bonds. These bonds are subject to numerous risks including rising interest rates, economic recession, deterioration of the corporate or municipal bond market, possible downgrades, increased volatility, reduced liquidity and defaults of interest and/or principal.

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.

One of the securities held by the trust is issued by a foreign entity. An investment in a portfolio containing equity securities of foreign issuers is subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

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. The markets for credit instruments, including corporate and municipal securities, have experienced periods of extreme illiquidity and volatility.

 
Fund Cusip Information
33741B340 (Cash)
33741B357 (Cash-Wrap)
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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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