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       
 
 


 

Discount Opportunity Closed-End Portfolio, Series 13
Ticker Symbol: FANTBX

26 Holdings (As of Day of Deposit)
Ticker Name Initial
Weight
Price*
Convertible Securities Funds (7.70%)
NCV Virtus AllianzGI Convertible & Income Fund 3.85% $5.70
NCZ Virtus AllianzGI Convertible & Income Fund II 3.85% 5.06
General Equity Funds (15.38%)
ETY Eaton Vance Tax-Managed Diversified Equity Income Fund 3.85% 13.38
GDV The Gabelli Dividend & Income Trust 3.85% 25.62
RMT Royce Micro-Cap Trust, Inc. 3.84% 11.51
RVT Royce Value Trust, Inc. 3.84% 18.46
High-Yield Bond Funds (11.54%)
HYT BlackRock Corporate High Yield Fund, Inc. 3.84% 11.88
IVH Ivy High Income Opportunities Fund 3.85% 13.94
HIO Western Asset High Income Opportunity Fund Inc. 3.85% 5.16
Investment Grade Bond Fund (7.69%)
INSI Insight Select Income Fund 3.84% 20.35
PAI Western Asset Investment Grade Income Fund Inc. 3.85% 15.30
Loan Participation Funds (7.68%)
FSLF First Eagle Senior Loan Fund 3.84% 14.65
VVR Invesco Senior Income Trust 3.84% 4.23
Multi-Sector Bond Fund (3.85%)
TSI TCW Strategic Income Fund, Inc. 3.85% 5.71
Specialized Equity Funds (30.76%)
SZC Cushing NextGen Infrastructure Income Fund 3.85% 43.28
GLU Gabelli Global Utility & Income Trust 3.85% 22.77
GRX Gabelli Healthcare & WellnessRx Trust 3.85% 13.08
MGU Macquarie Global Infrastructure Total Return Fund Inc. 3.84% 23.47
NRO Neuberger Berman Real Estate Securities Income Fund Inc. 3.84% 4.67
JDD Nuveen Diversified Dividend and Income Fund 3.84% 9.97
TYG Tortoise Energy Infrastructure Corporation 3.84% 26.85
EOD Wells Fargo Global Dividend Opportunity Fund 3.85% 5.45
U.S. Government Bond Fund (3.85%)
MGF MFS Government Markets Income Trust 3.85% 4.37
World Equity Funds (7.70%)
ETG Eaton Vance Tax-Advantaged Global Dividend Income Fund 3.85% 19.96
ETO Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund 3.85% 28.16
World Income Fund (3.85%)
GIM Templeton Global Income Fund 3.85% 5.48

*As of the close of business on 5/11/21.
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 5/12/2021
Initial Public Offering Price $10.00 per Unit
Portfolio Ending Date 5/12/2023
Estimated Net First Year Distribution per Unit* 5.70%
Estimated Net Subsequent Yearly Distribution per Unit:* $0.5700
Cash CUSIP 30319T703
Reinvestment CUSIP 30319T711
Fee Accounts Cash CUSIP 30319T729
Fee Accounts Reinvestment CUSIP 30319T737

*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. 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 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 & Expenses (based on a $10 public offering price)
Standard Accounts Sales Charges
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 8/20/21.

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 C&D 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 C&D 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 per unit, the C&D fee will be less than 0.50%; if the price you pay is less than $10 per unit, the C&D 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. Shares of closed-end funds frequently trade at a discount to their net asset value in the secondary market and the net asset value of closed-end fund shares may decrease. Certain closed-end funds may 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 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 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 floating-rate securities pay interest based on LIBOR. The United Kingdom’s Financial Conduct Authority, which regulates LIBOR, will cease making LIBOR available as a reference rate over a phase-out period that will begin immediately after December 31, 2021. The unavailability or replacement of LIBOR may affect the value, liquidity or return on certain portfolio investments. Any potential effects of the transition away from LIBOR can be difficult to ascertain, and they may vary depending on a variety of factors and they could result in losses to the portfolio.

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 security market or investors’ perception thereof, possible downgrades and defaults of interest and/ or principal.

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 covenant-lite loans which contain fewer or no maintenance covenants and may hinder the closed-end funds’ ability to reprice credit risk and mitigate potential loss especially during a downturn in the credit cycle.

Certain of the closed end funds invest in covenant-lite loans which contain fewer or no maintenance covenants and may hinder the closed end funds’ ability to reprice credit risk and mitigate potential loss especially during a downturn in the credit cycle.

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.

All of the closed-end funds invest in securities issued by foreign issuers. Such securities are subject to risks, including currency and interest rate fluctuations, 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.< /p>

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.

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.

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.

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

 
Fund Cusip Information
30319T703 (Cash)
30319T711 (Reinvest)
30319T729 (Cash-Fee)
30319T737 (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.