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Diversified High Income Closed-End Portfolio, Series 64
Ticker Symbol: FKHCKX

33 Holdings (As of Day of Deposit)
Ticker Name Initial Weight Price*
General Equity Funds (18.18%)
BDJ BlackRock Enhanced Equity Dividend Trust 3.03% $8.17
ETB Eaton Vance Tax-Managed Buy-Write Income Fund 3.03% 13.51
GAB The Gabelli Equity Trust Inc. 3.03% 5.37
HTD John Hancock Tax-Advantaged Dividend Income Fund 3.03% 20.06
ASG Liberty All-Star Growth Fund, Inc. 3.03% 5.21
JCE Nuveen Core Equity Alpha Fund 3.03% 14.06
High-Yield Bond Funds (15.16%)
BGH Barings Global Short Duration High Yield Fund 3.04% 14.16
DHF BNY Mellon High Yield Strategies Fund 3.03% 2.36
NHS Neuberger Berman High Yield Strategies Fund Inc. 3.03% 8.01
GHY PGIM Global High Yield Fund Inc. 3.03% 11.75
HIX Western Asset High Income Fund II Inc. 3.03% 4.43
Income & Preferred Stock Funds (9.09%)
FFC Flaherty & Crumrine Preferred and Income Securities Fund Incorporated 3.03% 14.59
PDT John Hancock Premium Dividend Fund 3.03% 11.79
JPC Nuveen Preferred & Income Opportunities Fund 3.03% 7.20
Loan Participation Funds (9.09%)
DSU BlackRock Debt Strategies Fund, Inc. 3.03% 10.87
BGB Blackstone Strategic Credit 2027 Term Fund 3.03% 11.88
EFR Eaton Vance Senior Floating-Rate Trust 3.03% 13.13
Multi-Sector Bond Funds (9.09%)
CIK Credit Suisse Asset Management Income Fund, Inc. 3.03% 2.92
DBL DoubleLine Opportunistic Credit Fund 3.03% 15.27
EVV Eaton Vance Limited Duration Income Fund 3.03% 9.74
Specialized Equity Funds (15.15%)
AWP abrdn Global Premier Properties Fund 3.03% 3.80
HQH abrdn Healthcare Investors 3.03% 16.69
DPG Duff & Phelps Utility and Infrastructure Fund Inc. 3.03% 9.59
ETJ Eaton Vance Risk-Managed Diversified Equity Income Fund 3.03% 8.41
DIAX Nuveen Dow 30 Dynamic Overwrite Fund 3.03% 14.10
U.S. Government Bond Fund (3.03%)
WIW Western Asset Inflation-Linked Opportunities & Income Fund 3.03% 8.56
U.S. Mortgage Bond Fund (3.03%)
BKT BlackRock Income Trust 3.03% 11.53
World Equity Funds (12.12%)
AGD abrdn Global Dynamic Dividend Fund 3.03% 9.47
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund 3.03% 8.09
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund 3.03% 8.18
IGD Voya Global Equity Dividend and Premium Opportunity Fund 3.03% 5.13
World Income Funds (6.06%)
FAX abrdn Asia-Pacific Income Fund, Inc. 3.03% 2.61
EMD Western Asset Emerging Markets Debt Fund Inc. 3.03% 9.29

* As of the close of business on 5/6/24. 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 5/7/2024
Initial Public Offering Price $10.00 per Unit
Portfolio Ending Date 5/7/2026
Historical 12-Month Distribution Rate of Trust Holdings:* 8.77%
Historical 12-Month Distribution Per Unit:* $0.8773
Cash CUSIP 30335R202
Reinvestment CUSIP 30335R210
Fee Account Cash CUSIP 30335R228
Fee Account Reinvestment CUSIP 30335R236

*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 & Development Fee (C&D 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 8/20/24. 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 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. Certain of the funds employ the use of leverage which increases the volatility of such funds.

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

Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. 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.

Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain investments as well as performance.

The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future 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.


CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30335R202 (Cash)
30335R210 (Reinvest)
30335R228 (Cash-Fee)
30335R236 (Reinvest-Fee)
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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.
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