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75/25 Strategic Allocation, 3rd Qtr 2024  Ticker: FJOAKX
 
Description
A unit investment trust which seeks the potential for above-average total return by investing approximately 75% of its assets in common stocks which are selected by applying a disciplined investment strategy and 25% of its assets in exchange-traded funds which invest in fixed-income securities.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: 7S3Q24
Portfolio Status: Secondary
Initial Offer Date: 07/11/2024
Secondary Date: 10/11/2024
Portfolio Ending Date: 10/16/2025
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.5207
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/18/2025 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges. The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.

 Historical 12-Month Distribution of Trust Holdings:^
Rate  Per Unit (as of 7/14/2025)
----- $0.25650
^ 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 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 twelve month distributions paid by the securities included in the portfolio. The historical 12-month distributions are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. For trusts that include funds, 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 twelve months. The distribution per unit 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.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 Vistra Corp. VST 1.14%
 VanEck J.P. Morgan EM Local Currency Bond ETF EMLC 0.96%
 iShares iBoxx $ High Yield Corporate Bond ETF HYG 0.95%
 SPDR Bloomberg High Yield Bond ETF JNK 0.94%
 PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund HYS 0.94%
 SPDR Bloomberg Short Term High Yield Bond ETF SJNK 0.94%
 iShares Broad USD High Yield Corporate Bond ETF USHY 0.94%
 Invesco Variable Rate Preferred ETF VRP 0.94%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 0.93%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 0.93%
 Vanguard Total International Bond ETF BNDX 0.93%
 SPDR Portfolio High Yield Bond ETF SPHY 0.93%
 Schwab 5-10 Year Corporate Bond ETF SCHI 0.93%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 0.92%
 iShares Short Treasury Bond ETF SHV 0.92%
 Invesco Senior Loan ETF BKLN 0.92%
 Vanguard Mortgage-Backed Securities ETF VMBS 0.92%
 First Trust Senior Loan Fund FTSL 0.92%
 SPDR Blackstone Senior Loan ETF SRLN 0.92%
 VanEck IG Floating Rate ETF FLTR 0.92%
 WisdomTree Floating Rate Treasury Fund USFR 0.92%
 SPDR Bloomberg Investment Grade Floating Rate ETF FLRN 0.92%
 International Business Machines Corporation IBM 0.91%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 0.91%
 Vanguard Long-Term Corporate Bond ETF VCLT 0.89%
 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 0.89%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 0.89%
 Quanta Services, Inc. PWR 0.88%
 Cisco Systems, Inc. CSCO 0.85%
 Amphenol Corporation APH 0.84%
 Coupang, Inc. CPNG 0.84%
 AT&T Inc. T 0.83%
 Fastenal Company FAST 0.83%
 CME Group Inc. CME 0.83%
 Deere & Company DE 0.81%
 Kinder Morgan, Inc. KMI 0.79%
 Walmart Inc. WMT 0.78%
 ResMed Inc. RMD 0.77%
 Xcel Energy Inc. XEL 0.76%
 Meta Platforms Inc. (Class A) META 0.75%
 Charter Communications, Inc. (Class A) CHTR 0.75%
 Caterpillar Inc. CAT 0.73%
 Prosus N.V. (ADR) PROSY 0.73%
 Nintendo Co., Ltd. (ADR) NTDOY 0.72%
 Altria Group, Inc. MO 0.71%
 Republic Services, Inc. RSG 0.71%
 The Hartford Insurance Group, Inc. HIG 0.70%
 The Progressive Corporation PGR 0.68%
 Monster Beverage Corporation MNST 0.68%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.67%
 HSBC Holdings Plc (ADR) HSBC 0.67%
 Palo Alto Networks, Inc. PANW 0.67%
 General Motors Company GM 0.66%
 Aflac Incorporated AFL 0.65%
 W.W. Grainger, Inc. GWW 0.65%
 Amazon.com, Inc. AMZN 0.65%
 Iberdrola S.A. (ADR) IBDRY 0.65%
 Consolidated Edison, Inc. ED 0.64%
 Cognizant Technology Solutions Corporation CTSH 0.64%
 Microsoft Corporation MSFT 0.63%
 Tractor Supply Company TSCO 0.63%
 Waste Management, Inc. WM 0.62%
 The TJX Companies, Inc. TJX 0.62%
 Costco Wholesale Corporation COST 0.61%
 Mondelez International, Inc. MDLZ 0.61%
 Keurig Dr Pepper Inc. KDP 0.61%
 Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY 0.61%
 DBS Group Holdings Ltd. (ADR) DBSDY 0.60%
 Exxon Mobil Corporation XOM 0.58%
 Marsh & McLennan Companies, Inc. MMC 0.57%
 Chevron Corporation CVX 0.56%
 Alphabet Inc. (Class A) GOOGL 0.56%
 Hitachi, Ltd. (ADR) HTHIY 0.55%
 The Procter & Gamble Company PG 0.54%
 EOG Resources, Inc. EOG 0.54%
 D.R. Horton, Inc. DHI 0.54%
 Chugai Pharmaceutical Co., Ltd. (ADR) CHGCY 0.54%
 Nucor Corporation NUE 0.53%
 PACCAR Inc PCAR 0.53%
 The Hershey Company HSY 0.53%
 Vertex Pharmaceuticals Incorporated VRTX 0.53%
 Chipotle Mexican Grill, Inc. CMG 0.53%
 Air Liquide S.A. (ADR) AIQUY 0.53%
 Ross Stores, Inc. ROST 0.51%
 The Kraft Heinz Company KHC 0.51%
 Chubb Limited CB 0.49%
 Sumitomo Mitsui Financial Group, Inc. (ADR) SMFG 0.49%
 Archer-Daniels-Midland Company ADM 0.48%
 ConocoPhillips COP 0.48%
 Novartis AG (ADR) NVS 0.48%
 NTT, Inc. (ADR) NTTYY 0.48%
 Sprouts Farmers Market, Inc. SFM 0.48%
 Itochu Corp. (ADR) ITOCY 0.46%
 FedEx Corporation FDX 0.45%
 ON Semiconductor Corporation ON 0.45%
 Tokio Marine Holdings, Inc. (ADR) TKOMY 0.45%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.45%
 Lennar Corporation LEN 0.44%
 Sanofi (ADR) SNY 0.44%
 Equinor ASA EQNR 0.44%
 Interactive Brokers Group, Inc. (Class A) IBKR 0.44%
 L'Oreal S.A. (ADR) LRLCY 0.44%
 Shell Plc (ADR) SHEL 0.44%
 TotalEnergies SE (ADR) TTE 0.42%
 Recruit Holdings Co., Ltd. (ADR) RCRUY 0.42%
 Rio Tinto Plc (ADR) RIO 0.41%
 F5 Inc. FFIV 0.40%
 Comfort Systems USA, Inc. FIX 0.40%
 Mitsui & Co., Ltd. (ADR) MITSY 0.40%
 Diamondback Energy, Inc. FANG 0.40%
 Mercedes-Benz Group AG (ADR) MBGYY 0.40%
 Toyota Motor Corporation TM 0.38%
 Liberty Broadband Corporation (Class C) LBRDK 0.38%
 National Fuel Gas Company NFG 0.37%
 EQT Corporation EQT 0.37%
 Fox Corporation (Class A) FOXA 0.37%
 Unum Group UNM 0.36%
 PDD Holdings Inc. (ADR) PDD 0.36%
 Chewy, Inc. (Class A) CHWY 0.35%
 Mueller Industries, Inc. MLI 0.34%
 Super Micro Computer, Inc. SMCI 0.34%
 Casey's General Stores, Inc. CASY 0.33%
 Teledyne Technologies Incorporated TDY 0.33%
 EMCOR Group, Inc. EME 0.33%
 Commvault Systems, Inc. CVLT 0.33%
 Applied Industrial Technologies, Inc. AIT 0.32%
 Elevance Health Inc. ELV 0.32%
 Atmos Energy Corporation ATO 0.30%
 Snap-on Incorporated SNA 0.30%
 Badger Meter, Inc. BMI 0.30%
 The Mosaic Company MOS 0.30%
 Daiichi Sankyo Company, Limited (ADR) DSNKY 0.30%
 Tradeweb Markets Inc. (Class A) TW 0.30%
 Expand Energy Corporation EXE 0.30%
 Cincinnati Financial Corporation CINF 0.29%
 M&T Bank Corporation MTB 0.29%
 Ulta Beauty, Inc. ULTA 0.29%
 Hims & Hers Health, Inc. HIMS 0.29%
 Loews Corporation L 0.28%
 Ingredion Incorporated INGR 0.28%
 MGIC Investment Corporation MTG 0.27%
 Reliance Inc. RS 0.27%
 Corcept Therapeutics Inc. CORT 0.27%
 BJ's Wholesale Club Holdings, Inc. BJ 0.27%
 Incyte Corporation INCY 0.26%
 Comstock Resources, Inc. CRK 0.26%
 Sterling Infrastructure, Inc. STRL 0.26%
 IES Holdings, Inc. IESC 0.26%
 AptarGroup, Inc. ATR 0.25%
 Centene Corporation CNC 0.25%
 Texas Roadhouse, Inc. TXRH 0.25%
 The New York Times Company (Class A) NYT 0.24%
 PulteGroup, Inc. PHM 0.23%
 Commercial Metals Company CMC 0.23%
 Molson Coors Beverage Company TAP 0.23%
 Erie Indemnity Company ERIE 0.23%
 Stride, Inc. LRN 0.23%
 Qualys, Inc. QLYS 0.23%
 Science Applications International Corporation SAIC 0.23%
 CNA Financial Corporation CNA 0.22%
 InterDigital, Inc. IDCC 0.22%
 Murphy USA Inc. MUSA 0.22%
 Stellantis N.V. STLA 0.22%
 Hewlett Packard Enterprise Company HPE 0.22%
 Novo Nordisk A/S (ADR) NVO 0.21%
 Coterra Energy Inc. CTRA 0.21%
 Meritage Homes Corporation MTH 0.21%
 AAON, Inc. AAON 0.21%
 HF Sinclair Corp. DINO 0.21%
 Cal-Maine Foods, Inc. CALM 0.20%
 United Therapeutics Corporation UTHR 0.20%
 Primoris Services Corporation PRIM 0.20%
 PJT Partners Inc. (Class A) PJT 0.19%
 Sanmina Corporation SANM 0.18%
 Urban Outfitters, Inc. URBN 0.18%
 Dycom Industries, Inc. DY 0.18%
 Cirrus Logic, Inc. CRUS 0.18%
 FTI Consulting, Inc. FCN 0.18%
 FMC Corporation FMC 0.18%
 Medpace Holdings, Inc. MEDP 0.18%
 NOV Inc. NOV 0.17%
 Molina Healthcare, Inc. MOH 0.17%
 ADMA Biologics, Inc. ADMA 0.17%
 Insight Enterprises, Inc. NSIT 0.16%
 Deckers Outdoor Corporation DECK 0.16%
 Lantheus Holdings, Inc. LNTH 0.16%
 Graham Holdings Company GHC 0.15%
 WSFS Financial Corporation WSFS 0.15%
 Cathay General Bancorp CATY 0.15%
 CNX Resources Corporation CNX 0.15%
 ACADIA Pharmaceuticals Inc. ACAD 0.15%
 TEGNA Inc. TGNA 0.14%
 Columbia Banking System, Inc. COLB 0.14%
 Weis Markets, Inc. WMK 0.14%
 Spire Inc. SR 0.14%
 International Bancshares Corporation IBOC 0.14%
 CVB Financial Corp. CVBF 0.14%
 CorVel Corporation CRVL 0.14%
 Grand Canyon Education, Inc. LOPE 0.14%
 Chord Energy Corporation CHRD 0.14%
 Gulfport Energy Corporation GPOR 0.14%
 First Financial Bancorp. FFBC 0.13%
 Agilysys, Inc. AGYS 0.13%
 Avista Corporation AVA 0.13%
 MGE Energy, Inc. MGEE 0.13%
 ONE Gas, Inc. OGS 0.13%
 Schneider National, Inc. (Class B) SNDR 0.13%
 Black Hills Corporation BKH 0.12%
 Brady Corporation BRC 0.12%
 Abercrombie & Fitch Co. (Class A) ANF 0.12%
 La-Z-Boy Incorporated LZB 0.12%
 Avnet, Inc. AVT 0.12%
 Visteon Corporation VC 0.12%
 Tidewater Inc. TDW 0.12%
 Terex Corporation TEX 0.11%
 M/I Homes, Inc. MHO 0.11%
 Alkami Technology, Inc. ALKT 0.11%
 Otter Tail Corporation OTTR 0.10%
 Cabot Corporation CBT 0.10%
 Concentrix Corporation CNXC 0.10%
 Oscar Health, Inc. (Class A) OSCR 0.10%
 Vishay Intertechnology, Inc. VSH 0.09%
 Photronics, Inc. PLAB 0.09%
 Columbia Sportswear Company COLM 0.09%
 Hub Group, Inc. HUBG 0.09%
 The Andersons, Inc. ANDE 0.09%
 Warrior Met Coal, Inc. HCC 0.09%
 Core Natural Resources Inc. CNR 0.09%
 Avidity Biosciences, Inc. RNA 0.09%
 Innospec Inc. IOSP 0.08%
 Peabody Energy Corporation BTU 0.08%
 Edgewell Personal Care Company EPC 0.07%
 American Eagle Outfitters, Inc. AEO 0.06%
 Millrose Properties, Inc. (Class A) MRP 0.06%
 Axcelis Technologies, Inc. ACLS 0.05%
 Helmerich & Payne, Inc. HP 0.05%
 GCI Liberty, Inc. (Class C) GLIBK 0.03%
 
Total Number of Holdings:    237
Underlying Securities information represented above is as of 07/17/2025 but will vary with future fluctuations in the market.

Risk Considerations

Equity Risk. An investment in a portfolio containing common stocks is 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.

Brexit Risk. The United Kingdom's official departure from the European Union (commonly referred to as "Brexit") led to volatility in global financial markets, in particular those of the United Kingdom and across Europe, and the weakening in political, regulatory, consumer, corporate and financial confidence in the United Kingdom and Europe. It is not currently possible to determine the extent of the impact that Brexit may have on the portfolio's investments and this uncertainty 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.

Covenant-Lite Loan Risk. Certain of the funds invest significantly in "covenant-lite" loans, which are loans made with minimal protections for the lender. Because covenant-lite loans are less restrictive on borrowers and provide less protection for lenders than typical corporate loans, the risk of default may be significantly higher.

ETF Risk. ETFs 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 ETFs 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, ETFs frequently trade at a discount from their net asset value in the secondary market.

Foreign Securities Risk. 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.

High-Yield or Junk Bonds Risk. 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.

Investment Grade Bonds Risk. 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.

Large-Cap Risk. Large capitalization companies may grow at a slower rate than the overall market.

Market Disruption Risk. 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.

Public Health Crisis Risk. A public health crisis, and the ensuing policies enacted by governments and central banks in response, could cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects.

Senior Loans Risk. The yield on 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.

Small-Cap and Mid-Cap Risk. An investment in a portfolio containing small-cap and mid-cap companies is subject to additional risks, as the share prices of small-cap companies and certain mid-cap companies are often more volatile than those of larger companies due to several factors, including limited trading volumes, products, financial resources, management inexperience and less publicly available information.

Volatility Risk. 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.

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

Important Note. 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.

Operational Risk. 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.

You should carefully consider the trust's investment objectives, risks, and charges and expenses 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 trust. Read it carefully before you invest.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

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, ©2025 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30336H484 (Cash)
30336H492 (Reinvest)
30336H500 (Cash-Fee)
30336H518 (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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