Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       


Strategic Income Advantage Select, Closed-End Portfolio, Series 97
Ticker Symbol: FLGWMX

26 Holdings (As of Day of Deposit)
Ticker Name Initial
Convertible Securities Fund (4.00%)
NIE Virtus AllianzGI Equity & Convertible Income Fund 4.00% $27.42
General Equity Funds (7.50%)
EOS Eaton Vance Enhanced Equity Income Fund II 3.50% 21.26
ASG Liberty All-Star Growth Fund, Inc. 4.00% 8.83
High-Yield Bond Funds (8.50%)
HIO Western Asset High Income Opportunity Fund Inc. 4.25% 5.01
HYI Western Asset High Yield Defined Opportunity Fund Inc. 4.25% 15.20
Investment Grade Bond Funds (10.25%)
INSI Insight Select Income Fund 2.25% 20.32
VBF Invesco Bond Fund 4.00% 19.31
IGI Western Asset Investment Grade Defined Opportunity Trust Inc. 4.00% 20.94
Multi-Sector Bond Funds (12.25%)
MIN MFS Intermediate Income Trust 4.25% 3.64
PIM Putnam Master Intermediate Income Trust 4.00% 4.16
PPT Putnam Premier Income Trust 4.00% 4.73
Specialized Equity Funds (29.50%)
CII BlackRock Enhanced Capital and Income Fund, Inc. 3.50% 19.06
BGY BlackRock Enhanced International Dividend Trust 4.00% 6.04
BME BlackRock Health Sciences Trust 4.00% 45.58
RFI Cohen & Steers Total Return Realty Fund, Inc. 4.00% 14.13
STK Columbia Seligman Premium Technology Growth Fund, Inc. 3.50% 30.24
GER Goldman Sachs MLP and Energy Renaissance Fund 4.25% 9.36
SPXX Nuveen S&P 500 Dynamic Overwrite Fund 3.50% 16.02
IAE Voya Asia Pacific High Dividend Equity Income Fund 2.75% 9.40
U.S. Government Bond Fund (4.25%)
MGF MFS Government Markets Income Trust 4.25% 4.29
World Equity Funds (15.50%)
AGD Aberdeen Global Dynamic Dividend Fund 3.50% 11.07
AOD Aberdeen Total Dynamic Dividend Fund 4.25% 9.40
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund 3.50% 9.22
IGD Voya Global Equity Dividend and Premium Opportunity Fund 4.25% 5.61
World Income Funds (8.25%)
TEI Templeton Emerging Markets Income Fund 4.25% 7.41
GIM Templeton Global Income Fund 4.00% 5.31

*As of the close of business on 3/18/21.
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 Date of Deposit 3/19/2021
Initial Public Offering Price $10.00 per Unit
Portfolio Ending Date 3/20/2023
Historical 12-Month Distribution Rate of Trust Holdings:* 6.21%
Historical 12-Month Distribution Per Unit:* $0.6208
Cash CUSIP 30318Q387
Reinvestment CUSIP 30318Q395
Fee Accounts Cash CUSIP 30318Q403
Fee Accounts Reinvestment CUSIP 30318Q411

*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. Due to the negative economic impact across many industries caused by the COVID-19 outbreak, certain issuers of the securities included in the trust may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the “Historical 12-Month Distribution Rate of Trust Holdings,” which is based on the trailing twelve-month distributions paid by the securities included in a trust, will likely be higher, and in some cases significantly higher, than the actual distribution rate achieved by the trust. The historical 12-month distribution per unit is based on the weighted average of the trailing 12-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 12 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.

Sales Charges (based on a $10 public offering price)
Standard Accounts
Transactional Sales Charges: Initial: 0.00%
  Deferred: 2.25%
Creation & Development Fee:   0.50%
Maximum Sales Charge:   2.75%
Fee/Wrap Accounts
Maximum Sales Charge:   0.50%

The deferred sales charge will be deducted in three monthly installments commencing 6/18/21.

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.

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 $0.050 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 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 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. Based on current publicly available information, none of the closed-end funds selected for the portfolio are reporting the use of structural leverage. Structural leverage creates a systematic level of additional investment exposure through a closed-end fund’s issuance of preferred shares or debt securities, or through borrowing money. Closed-end funds which employ structural leverage are more volatile than those that do not. However, certain of these closed-end funds may have utilized structural leverage in the past and may elect to utilize structural leverage in the future.

Certain of the closed-end funds invest in common stocks. 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 closed-end funds invest in convertible securities. 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.

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 securities are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade bond market or investors’ perception thereof, possible downgrades and defaults of interest and/or principal.

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 U.S. Treasury obligations which are subject to numerous risks including higher interest rates, economic recession and deterioration of the bond market or investors’ perceptions thereof.

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. Risks associated with investing in foreign securities may be more pronounced in emerging markets where the securities markets are substantially smaller, less developed, less liquid, less regulated, and more volatile than the U.S. and developed foreign markets.

About one year after the United Kingdom officially departed the European Union (commonly referred to as “Brexit”), the United Kingdom and the European Union reached a trade agreement that became effective on December 31, 2020. It is not currently possible to determine the extent of the impact the Brexit trade agreement may have on the portfolio’s investments and this certainly could negatively impact current and future economic conditions in the United Kingdom and other countries, which could negatively impact the value of the portfolio’s investments.

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.

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 cybersecurity.

The COVID-19 global pandemic has resulted in major disruptions to economies and markets around the world. Financial markets have experienced extreme volatility and severe losses, negatively impacting global economic growth prospects. The duration of the COVID-19 outbreak and its effects cannot be determined with certainty and may exacerbate other political, social and economic risks.

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

Fund Cusip Information
30318Q387 (Cash)
30318Q395 (Reinvest)
30318Q403 (Cash-Fee)
30318Q411 (Reinvest-Fee)
Printer Friendly Page Printer Friendly Page
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 professionals 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. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2021 All rights reserved.