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       
 
 


 

Tactical Income Portfolio, Series 68
Ticker Symbol: FIBHRX

76 Holdings (As of Day of Deposit)
Ticker Company Name Initial
Weight
Price*
Domestic Equity (20.04%):
ASIX AdvanSix Inc. 1.01% $44.42
AM Antero Midstream Corp. 1.00% 11.07
RILY B. Riley Financial, Inc. 0.99% 60.72
BCC Boise Cascade Company 1.01% 59.09
BKE The Buckle, Inc. 1.00% 41.29
CWH Camping World Holdings, Inc. (Class A) 1.01% 38.27
ETRN Equitrans Midstream Corporation 1.00% 11.21
FNF Fidelity National Financial, Inc. 1.01% 48.96
HRB H&R Block, Inc. 1.00% 24.75
HPE Hewlett Packard Enterprise Company 1.00% 15.05
HPQ HP Inc. 1.00% 27.49
KW Kennedy-Wilson Holdings, Inc. 0.99% 22.56
MPC Marathon Petroleum Corporation 0.99% 66.68
NHC National HealthCare Corporation 1.01% 70.78
NRG NRG Energy, Inc. 1.00% 41.58
ORI Old Republic International Corporation 1.00% 24.34
R Ryder System, Inc. 1.00% 83.25
RGR Sturm, Ruger & Company, Inc. 1.00% 78.23
UGI UGI Corporation 1.02% 44.69
VGR Vector Group Ltd. 1.00% 13.86
International Equity (20.00%):
BP BP Plc 1.00% 29.45
CNQ Canadian Natural Resources Limited 1.01% 41.64
IMOS ChipMOS TECHNOLOGIES INC. 1.00% 31.39
CIG Companhia Energetica de Minas Gerais-CEMIG 1.00% 2.72
ELP Companhia Paranaense de Energia-Copel (Preference, ADR) 1.00% 5.75
SID Companhia Siderurgica Nacional S.A. 1.00% 4.93
CMRE Costamare Inc. 1.00% 13.96
FINV FinVolution Group 1.00% 5.80
GOGL Golden Ocean Group Limited 1.00% 9.46
MBT Mobile TeleSystems PJSC 1.00% 9.58
PTR PetroChina Company Limited 0.99% 51.89
PBR Petroleo Brasileiro S.A. - Petrobras 1.00% 10.93
PHI PLDT Inc. 1.00% 32.02
TLK PT Telekomunikasi Indonesia 1.00% 26.99
SBSW Sibanye Stillwater Ltd. 1.00% 15.41
SBLK Star Bulk Carriers Corp. 1.00% 21.68
TX Ternium S.A. 1.00% 43.97
TKC Turkcell Iletisim Hizmetleri A.S. 1.00% 4.20
UMC United Microelectronics Corporation 1.00% 10.24
VEDL Vedanta Limited 1.00% 17.66
REITs (9.98%):
NLY Annaly Capital Management, Inc. 0.50% 8.57
ARI Apollo Commercial Real Estate Finance, Inc. 0.50% 15.43
ABR Arbor Realty Trust, Inc. 0.50% 19.21
BDN Brandywine Realty Trust 0.50% 14.08
BRX Brixmor Property Group Inc. 0.50% 23.50
CSR Centerspace 0.50% 99.74
CIM Chimera Investment Corporation 0.49% 15.50
GLPI Gaming and Leisure Properties, Inc. 0.49% 48.91
HIW Highwoods Properties, Inc. 0.50% 46.54
ILPT Industrial Logistics Properties Trust 0.49% 27.67
IRM Iron Mountain Incorporated 0.51% 44.78
KRC Kilroy Realty Corp 0.49% 69.29
LAMR Lamar Advertising Company 0.51% 118.91
LXP Lexington Realty Trust 0.50% 14.54
MFA MFA Financial, Inc. 0.50% 4.66
NYMT New York Mortgage Trust, Inc. 0.50% 4.34
PCH PotlatchDeltic Corporation 0.51% 54.79
RWT Redwood Trust, Inc. 0.50% 13.71
RPT RPT Realty 0.50% 13.89
SPG Simon Property Group, Inc. 0.49% 139.33
Tactical Income CEFs (49.98%):
AFT Apollo Senior Floating Rate Fund Inc. 3.12% 15.92
FRA BlackRock Floating Rate Income Strategies Fund, Inc. 3.13% 13.77
BGB Blackstone Strategic Credit Fund 3.12% 14.09
RNP Cohen & Steers REIT and Preferred and Income Fund, Inc. 3.13% 26.25
EFR Eaton Vance Senior Floating-Rate Trust 3.13% 15.46
DFP Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated 3.12% 28.51
FFC Flaherty & Crumrine Preferred and Income Securities Fund Incorporated 3.12% 22.65
VVR Invesco Senior Income Trust 3.12% 4.43
HPI John Hancock Preferred Income Fund 3.13% 21.59
HPS John Hancock Preferred Income Fund III 3.12% 19.35
JFR Nuveen Floating Rate Income Fund 3.13% 10.19
JRO Nuveen Floating Rate Income Opportunity Fund 3.12% 10.05
JPC Nuveen Preferred & Income Opportunities Fund 3.13% 9.92
JPS Nuveen Preferred & Income Securities Fund 3.12% 9.78
JPI Nuveen Preferred and Income Term Fund 3.12% 25.26
NSL Nuveen Senior Income Fund 3.12% 6.02

* As of the close of business on 10/14/21.
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 10/15/2021
Initial Public Offering Price $10.00 per Unit
Portfolio Ending Date 10/16/2023
Historical 12-Month Distribution Rate of Trust Holdings:* 5.13%
Historical 12-Month Distribution Per Unit:* $0.5126
Cash CUSIP 30322N685
Reinvestment CUSIP 30322N693
Fee Account Cash CUSIP 30322N701
Fee Account Reinvestment CUSIP 30322N719

*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. 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 and 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 1/20/22.

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 $10.00 per unit, the C&D fee will be less than 0.50%; if the price you pay is less than $10.00 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 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. All of the 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.

All 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. All 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 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 preferred securities. Preferred securities are equity securities of the issuing company which pay income in the form of dividends. Preferred securities are typically subordinated to bonds and other debt instruments in a company’s capital structure, and therefore will be subject to greater credit risk than those debt instruments.

Certain of the securities are issued by 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 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.

An investment in foreign securities should be made with an understanding of the additional risks involved with foreign issuers, such as 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. 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.

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 caused significant volatility and declines in global financial markets, causing losses for investors. The development of vaccines has slowed the spread of the virus and allowed for the resumption of “reasonably” normal business activity in the United States, although many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

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.

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.

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.

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

 
Fund Cusip Information
30322N685 (Cash)
30322N693 (Reinvest)
30322N701 (Cash-Fee)
30322N719 (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.