Equity Closed-End Portfolio, Series 61
Ticker Symbol: FAMUDX
|25 Holdings (As of Day of Deposit)
|General Equity Funds (24%)
||BlackRock Enhanced Equity Dividend Trust
||The Gabelli Dividend & Income Trust
||Liberty All-Star Equity Fund
||Nuveen Core Equity Alpha Fund
||Royce Micro-Cap Trust, Inc.
||Royce Value Trust, Inc.
|Specialized Equity Funds (44%)
||Aberdeen Global Premier Properties Fund
||BlackRock Energy and Resources Trust
||ClearBridge MLP & Midstream Total Return Fund Inc.
||GAMCO Global Gold Natural Resources & Income Trust
||John Hancock Financial Opportunities Fund
||Nuveen Nasdaq 100 Dynamic Overwrite Fund
||Nuveen S&P 500 Buy-Write Income Fund
||Reaves Utility Income Fund
||Tekla Healthcare Investors
||Tekla Life Sciences Investors
||Voya Asia Pacific High Dividend Equity Income Fund
|World Equity Funds (32%)
||Aberdeen Australia Equity Fund, Inc.
||Aberdeen Global Dynamic Dividend Fund
||Aberdeen Total Dynamic Dividend Fund
||Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund
||Lazard Global Total Return and Income Fund, Inc.
||Voya Emerging Markets High Dividend Equity Fund
||Voya Global Equity Dividend and Premium Opportunity Fund
||Voya Infrastructure, Industrials and Materials Fund
*As of the close of business on 3/12/21.
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:*
|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 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
|Transactional Sales Charges:
|Creation & Development Fee:
|Maximum Sales Charge:
|Maximum Sales Charge:
The deferred sales charge will be deducted in three monthly installments commencing
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
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.
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 which invest in common stocks.
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.
All 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
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.
All of the closed-end funds invest in securities of foreign issuers. Foreign
securities are subject to additional risks, including currency fluctuations,
political risks, withholding, the lack of adequate financial information,
and exchange control restrictions impacting foreign issuers.
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.
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.
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
For a discussion of additional risks of investing in the trust see
the “Risk Factors” section of the prospectus.