Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 


 

Strategic Income Select Closed-End Portfolio, Series 79
Ticker Symbol: FCWMQX

35 Holdings (As of Day of Deposit)
Ticker Name Initial
Weight
Price*
General Equity Funds (22.85%)
BDJ BlackRock Enhanced Equity Dividend Trust 2.85% $8.56
EOS Eaton Vance Enhanced Equity Income Fund II 2.85% 21.45
EVT Eaton Vance Tax-Advantaged Dividend Income Fund 2.86% 24.41
ETB Eaton Vance Tax-Managed Buy-Write Income Fund 2.86% 14.26
GAB The Gabelli Equity Trust Inc. 2.86% 5.38
USA Liberty All-Star Equity Fund 2.86% 7.08
ASG Liberty All-Star Growth Fund, Inc. 2.86% 5.55
RMT Royce Micro-Cap Trust, Inc. 2.85% 9.48
High-Yield Bond Funds (14.28%)
BGH Barings Global Short Duration High Yield Fund 2.85% 15.15
HYT BlackRock Corporate High Yield Fund, Inc. 2.86% 9.96
DHF BNY Mellon High Yield Strategies Fund 2.86% 2.61
GHY PGIM Global High Yield Fund Inc. 2.86% 12.83
ISD PGIM High Yield Bond Fund, Inc. 2.85% 13.97
Income & Preferred Stock Funds (14.29%)
CSQ Calamos Strategic Total Return Fund 2.86% 17.15
RNP Cohen & Steers REIT and Preferred and Income Fund, Inc. 2.86% 22.89
PDT John Hancock Premium Dividend Fund 2.85% 13.43
JPC Nuveen Preferred & Income Opportunities Fund 2.86% 8.03
JPI Nuveen Preferred Securities & Income Opportunities Fund 2.86% 21.39
Loan Participation Funds (11.43%)
BGT BlackRock Floating Rate Income Trust 2.86% 12.84
EFT Eaton Vance Floating-Rate Income Trust 2.85% 12.78
VVR Invesco Senior Income Trust 2.86% 3.96
JFR Nuveen Floating Rate Income Fund 2.86% 8.84
Multi-Sector Bond Fund (2.86%)
TSI TCW Strategic Income Fund, Inc. 2.86% 5.08
Specialized Equity Funds (17.16%)
HQH abrdn Healthcare Investors 2.86% 18.27
BGY BlackRock Enhanced International Dividend Trust 2.86% 5.73
BST BlackRock Science & Technology Trust 2.86% 35.13
IGR CBRE Global Real Estate Income Fund 2.86% 6.32
EMO ClearBridge Energy Midstream Opportunity Fund Inc. 2.86% 41.93
BTO John Hancock Financial Opportunities Fund 2.86% 31.82
World Equity Funds (11.42%)
AGD abrdn Global Dynamic Dividend Fund 2.86% 10.40
LGI Lazard Global Total Return and Income Fund, Inc. 2.85% 17.87
IGD Voya Global Equity Dividend and Premium Opportunity Fund 2.86% 5.51
IDE Voya Infrastructure, Industrials and Materials Fund 2.85% 11.02
World Income Funds (5.71%)
FAX abrdn Asia-Pacific Income Fund, Inc. 2.85% 17.31
AWF AllianceBernstein Global High Income Fund, Inc. 2.86% 11.15

* As of the close of business on 10/3/24.
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 10/4/2024
Initial Public Offering Price $10.00 per Unit
Portfolio Ending Date 10/5/2026
Historical 12-Month Distribution Rate of Trust Holdings:* 8.25%
Historical 12-Month Distribution Per Unit:* $0.8246
Cash CUSIP 30338Q169
Reinvestment CUSIP 30338Q177
Fee Account Cash CUSIP 30338Q185
Fee Account Reinvestment CUSIP 30338Q193

*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. 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.


Fee Table (based on a $10 public offering price per unit)
  Standard Fee/Wrap
Deferred Sales Charge 2.25%
Creation & Development Fee (C&D Fee) 0.50% 0.50%
Maximum Sales Charge 2.75% 0.50%
     
Estimated Organization Costs 0.320% 0.320%
     
Operating Expenses 0.218% 0.218%
Acquired Fund Fees and Expenses^ 2.754% 2.754%
Estimated Annual Trust Operating Expenses 2.972% 2.972%

^Although not actual trust operating expenses, the trust, and therefore unit holders, will indirectly bear similar operating expenses of the funds in which the trust invests. These expenses are estimated and are subject to change in the future.

The deferred sales charge will be deducted in three monthly installments commencing 1/17/25. 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 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%. Estimated organization costs will be deducted from the assets of the trust at the end of the initial offering period. Estimated organization costs and trust operating expenses are assessed on a fixed dollar amount per unit basis which, as a percentage of average net assets, will vary over time. Actual expenses may be more or less than the estimates. Please see “Fee Table” in the trust prospectus for additional information.

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 from their net asset value in the secondary market. Certain closed-end funds in which the portfolio invests 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.

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.

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.

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.

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.

Covenant-lite loans contain fewer or no maintenance covenants and may hinder a 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.

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.

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.

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
30338Q169 (Cash)
30338Q177 (Reinvest)
30338Q185 (Cash-Fee)
30338Q193 (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.
Follow First Trust:  
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 © 2024 All rights reserved.