Tactical Alpha Portfolio, Series 36
A Tactical Approach to Equity Investing
For decades, investors have implemented asset allocation strategies seeking risk-controlled performance.
A common approach is to invest in broad based asset classes which seek to deliver returns which are in
line with the market’s performance and supplement them with specialized investments which seek to
generate higher returns. These specialized investments focus on specific areas of the market, including
those which attempt to take advantage of current tactical opportunities. The Tactical Alpha Portfolio was
created as a convenient way for investors to add a tactical component to their asset allocation plans.
Our goal with the Tactical Alpha Portfolio is to select stocks from within specific areas of the market
where we believe tactical opportunities currently exist. Our team of analysts thoroughly evaluates each
company for inclusion in the portfolio based upon their analysis that the company’s future performance
is likely to exceed the current expectations of market participants. Through our evaluation process, we
seek to select stocks that we believe are currently trading at valuation levels below fair value.
The portfolio consists of companies from the following areas which have been identified by our team of
analysts based on their current market outlook.
This unit investment trust seeks above-average capital appreciation; however, there is
no assurance the objective will be met.
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.
|Not FDIC Insured Not Bank Guaranteed May Lose Value
An investment in this unmanaged unit investment trust should be made with an understanding of the risks involved with owning common stocks, 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.
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.
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.
Large capitalization companies may grow at a slower rate than the overall market.
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.
In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, 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 COVID-19 global pandemic and the ensuing policies enacted by governments and central banks have
caused and may continue to cause significant volatility and uncertainty in global financial markets. While
the U.S. has resumed “reasonably” normal business activity, many countries continue to impose lockdown
measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of
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.
Although this portfolio terminates in approximately 15 months, the strategy is long-term. Investors should consider their ability to pursue investing in successive portfolios, if available. There may be tax consequences unless units are purchased in an IRA or other qualified plan.