Alternative Income Portfolio, Series 33
Ticker Symbol: FENLQX
|58 Holdings (As of Day of Deposit)
|BUSINESS DEVELOPMENT COMPANIES
||Apollo Investment Corporation
||Ares Capital Corporation
||Hercules Capital, Inc.
||Main Street Capital Corporation
||PennantPark Floating Rate Capital Ltd.
||PennantPark Investment Corporation
||Prospect Capital Corporation
||Solar Capital Ltd.
|CLOSED-END FUNDS (20.00%)
||Cohen & Steers Limited Duration Preferred and Income Fund, Inc.
||Duff & Phelps Global Utility Income Fund Inc.
||Franklin Limited Duration Income Trust
||Liberty All-Star Equity Fund
||Neuberger Berman Real Estate Securities Income Fund Inc.
||Nuveen Credit Strategies Income Fund
||Virtus Total Return Fund Inc.
||Wells Fargo Global Dividend Opportunity Fund
||Wells Fargo Income Opportunities Fund
||Wells Fargo Multi-Sector Income Fund
|DIVIDEND-PAYING COMPANIES (20.00%)
||Best Buy Co., Inc.
||Cisco Systems, Inc.
||Delta Air Lines, Inc.
||The Home Depot, Inc.
||Lockheed Martin Corporation
||LyondellBasell Industries N.V.
||NextEra Energy, Inc.
||Royal Caribbean Cruises Ltd.
||T. Rowe Price Group, Inc.
||Walgreens Boots Alliance, Inc.
|MLP CLOSED-END FUNDS (20.00%)
||ClearBridge Energy Midstream Opportunity Fund Inc.
||ClearBridge MLP & Midstream Fund Inc.
||Cohen & Steers MLP Income and Energy Opportunity Fund, Inc.
||The Cushing MLP & Infrastructure Total Return Fund
||Duff & Phelps Select MLP and Midstream Energy Fund Inc.
||Goldman Sachs MLP and Energy Renaissance Fund
||Kayne Anderson Midstream/Energy Fund, Inc.
||Kayne Anderson MLP/Midstream Investment Company
||Neuberger Berman MLP Income Fund Inc.
||Salient Midstream & MLP Fund
|REAL ESTATE INVESTMENT TRUSTS
||Camden Property Trust
||Highwoods Properties, Inc.
||Hospitality Properties Trust
||Mid-America Apartment Communities, Inc.
||National Health Investors, Inc.
||Omega Healthcare Investors, Inc.
||Simon Property Group, Inc.
||STORE Capital Corporation
* As of the close of business on 3/22/19.
Market values are for reference only and are not indicative of your individual
|Not FDIC Insured Not Bank Guaranteed May Lose Value
|Initial Date of Deposit
|Initial Public Offering Price
||$10.00 per Unit
|Portfolio Ending Date
|Historical 12-Month Distribution Rate of Trust Holdings:*
|Fee Accounts Cash CUSIP
|Fee Accounts Reinvestment CUSIP
*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
|Transactional Sales Charges:
|Creation & Development Fee: ||
|Maximum Sales Charge:||
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.
|Maximum Sales Charge:
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 per unit, the creation and development fee will be less than 0.50%;
if the price you pay is less than $10 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 carefully consider the portfolio investment objective, 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 portfolio. Read it carefully
before you invest.
An investment in
this unmanaged unit investment trust should
be made with an understanding of the risks
involved with an investment in a portfolio of
common stocks and 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.
Common stocks are 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.
Certain of the securities in the portfolio are
issued by closed-end investment companies
which have been elected to be treated as
Business Development Companies (BDCs). An
investment in BDCs is subject to various risks,
including management’s ability to meet the
BDC’s investment objective, and to manage
the BDC’s portfolio during periods of market
turmoil. BDCs may trade in the market at a
discount to their net asset value. BDCs may
employ the use of leverage which subjects the
BDC to increased risks.
Certain of the common stocks are issued by,
and certain of the closed-end funds invest in
REITs. Companies involved in the real estate
industry are subject to changes in the real
estate market, vacancy rates, competition,
volatile interest rates and economic recession.
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 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.
Certain of the closed-end funds invest in MLPs.
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.
An investment in a portfolio which includes
securities issued by foreign entities should be
made with an understanding of the additional
risks involved, 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.
Certain of the 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
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.
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.
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
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
For a discussion of additional risks of
investing in the trust see the “Risk Factors”
section of the prospectus.
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.
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.