75/25 Strategic Allocation, 1st Qtr 2026  Ticker: FRUZIX
 
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: 7S1Q26
Portfolio Status: Secondary
Initial Offer Date: 01/13/2026
Secondary Date: 04/13/2026
Portfolio Ending Date: 04/16/2027
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.3479
POP(*): $10.4895
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 08/05/2026 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any 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 (as of 8/5/2026) Per Unit (as of 8/3/2026)
2.22% $0.23320
^ 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 twelve 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 twelve 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. For trusts that include funds, distributions may include realized short-term capital gains, realized long-term capital gains and/or return of capital.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 Micron Technology, Inc. MU 1.51%
 Corning Incorporated GLW 1.07%
 VanEck IG Floating Rate ETF FLTR 0.95%
 WisdomTree Floating Rate Treasury Fund USFR 0.95%
 State Street SPDR Bloomberg Investment Grade Floating Rate ETF FLRN 0.95%
 Invesco Variable Rate Preferred ETF VRP 0.94%
 State Street SPDR Bloomberg High Yield Bond ETF JNK 0.93%
 VanEck J.P. Morgan EM Local Currency Bond ETF EMLC 0.93%
 Vanguard Mortgage-Backed Securities ETF VMBS 0.93%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 0.93%
 iShares Broad USD High Yield Corporate Bond ETF USHY 0.93%
 Franklin High Yield Corporate ETF FLHY 0.93%
 First Trust Limited Duration Investment Grade Corporate ETF FSIG 0.93%
 Invesco Senior Loan ETF BKLN 0.92%
 PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund HYS 0.92%
 First Trust Preferred Securities and Income ETF FPE 0.92%
 First Trust Tactical High Yield ETF HYLS 0.92%
 State Street SPDR Bloomberg Short Term High Yield Bond ETF SJNK 0.92%
 State Street SPDR Blackstone Senior Loan ETF SRLN 0.92%
 State Street SPDR Portfolio Corporate Bond ETF SPBO 0.92%
 State Street SPDR Portfolio High Yield Bond ETF SPHY 0.92%
 iShares High Yield Systematic Bond ETF HYDB 0.92%
 First Trust Core Investment Grade ETF FTCB 0.92%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 0.91%
 Vanguard Long-Term Corporate Bond ETF VCLT 0.90%
 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 0.90%
 State Street SPDR Portfolio Long Term Corporate Bond ETF SPLB 0.90%
 Targa Resources Corp. TRGP 0.89%
 Caterpillar Inc. CAT 0.84%
 EOG Resources, Inc. EOG 0.80%
 The Travelers Companies, Inc. TRV 0.79%
 Delta Air Lines, Inc. DAL 0.77%
 Diamondback Energy, Inc. FANG 0.77%
 Ross Stores, Inc. ROST 0.76%
 Baker Hughes Company (Class A) BKR 0.76%
 The Allstate Corporation ALL 0.74%
 The Coca-Cola Company KO 0.73%
 ConocoPhillips COP 0.73%
 ExxonMobil Holdings Corp. XOM 0.73%
 AMETEK, Inc. AME 0.72%
 Monster Beverage Corporation MNST 0.72%
 Fastenal Company FAST 0.70%
 Chevron Corporation CVX 0.70%
 Merck & Co., Inc. MRK 0.69%
 eBay Inc. EBAY 0.69%
 Alphabet Inc. (Class A) GOOGL 0.68%
 PACCAR Inc PCAR 0.67%
 Amazon.com, Inc. AMZN 0.67%
 PG&E Corporation PCG 0.66%
 Sysco Corporation SYY 0.66%
 BHP Group Limited (ADR) BHP 0.66%
 Ameriprise Financial, Inc. AMP 0.66%
 Keurig Dr Pepper Inc. KDP 0.66%
 Consolidated Edison, Inc. ED 0.65%
 Gilead Sciences, Inc. GILD 0.65%
 General Dynamics Corporation GD 0.63%
 Expedia Group, Inc. EXPE 0.63%
 General Motors Company GM 0.63%
 The Hartford Insurance Group, Inc. HIG 0.62%
 Vertex Pharmaceuticals Incorporated VRTX 0.62%
 Parker-Hannifin Corporation PH 0.62%
 Automatic Data Processing, Inc. ADP 0.61%
 McKesson Corporation MCK 0.61%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.61%
 Recruit Holdings Co., Ltd. (ADR) RCRUY 0.61%
 Regeneron Pharmaceuticals, Inc. REGN 0.60%
 HEICO Corporation HEI 0.60%
 Elevance Health Inc. ELV 0.60%
 Anheuser-Busch InBev S.A./N.V. (ADR) BUD 0.60%
 Tokio Marine Holdings, Inc. (ADR) TKOMY 0.60%
 Costco Wholesale Corporation COST 0.59%
 The TJX Companies, Inc. TJX 0.59%
 CME Group Inc. CME 0.59%
 Shell Plc (ADR) SHEL 0.59%
 Devon Energy Corporation DVN 0.58%
 Fast Retailing Co., Ltd. (ADR) FRCOY 0.58%
 American Express Company AXP 0.57%
 The Progressive Corporation PGR 0.57%
 Walmart Inc. WMT 0.56%
 Banco Santander S.A. (ADR) SAN 0.56%
 D.R. Horton, Inc. DHI 0.56%
 Rio Tinto plc (ADR) RIO 0.56%
 Banco Bilbao Vizcaya Argentaria, S.A. (ADR) BBVA 0.55%
 IQVIA Holdings Inc. IQV 0.55%
 Chubb Limited CB 0.53%
 The Walt Disney Company DIS 0.51%
 Comcast Corporation (Class A) CMCSA 0.51%
 Newmont Corporation NEM 0.51%
 Novartis AG (ADR) NVS 0.51%
 Iberdrola, S.A. (ADR) IBDRY 0.51%
 Becton, Dickinson and Company BDX 0.50%
 Enel SpA (ADR) ENLAY 0.50%
 HCA Healthcare, Inc. HCA 0.50%
 Uber Technologies, Inc. UBER 0.50%
 Vinci S.A. (ADR) VCISY 0.49%
 GSK plc (ADR) GSK 0.48%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.48%
 Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY 0.46%
 International Business Machines Corporation IBM 0.45%
 Las Vegas Sands Corp. LVS 0.45%
 Itochu Corp. (ADR) ITOCY 0.45%
 NTT, Inc. (ADR) NTTYY 0.44%
 IES Holdings, Inc. IESC 0.43%
 Sanofi (ADR) SNY 0.42%
 Toyota Motor Corporation TM 0.41%
 Cognizant Technology Solutions Corporation CTSH 0.39%
 AstraZeneca Plc AZN 0.39%
 Barrick Mining Corporation B 0.37%
 Agnico Eagle Mines Limited AEM 0.37%
 Chugai Pharmaceutical Co., Ltd. (ADR) CHGCY 0.37%
 Strategy Incorporated (Class A) MSTR 0.36%
 Zoetis Inc. ZTS 0.36%
 PDD Holdings Inc. (ADR) PDD 0.36%
 Novo Nordisk A/S (ADR) NVO 0.35%
 Permian Resources Corp. PR 0.35%
 Prosus N.V. (ADR) PROSY 0.35%
 Casey's General Stores, Inc. CASY 0.34%
 The Hanover Insurance Group, Inc. THG 0.31%
 Globe Life Inc. GL 0.30%
 Exelixis, Inc. EXEL 0.30%
 NewMarket Corporation NEU 0.30%
 Rheinmetall AG (ADR) RNMBY 0.30%
 SEI Investments Company SEIC 0.29%
 Coca-Cola Consolidated, Inc. COKE 0.29%
 Accenture plc ACN 0.29%
 Snap-on Incorporated SNA 0.28%
 Dycom Industries, Inc. DY 0.28%
 Edison International EIX 0.28%
 Range Resources Corporation RRC 0.28%
 EMCOR Group, Inc. EME 0.28%
 Fluor Corporation FLR 0.27%
 Incyte Corporation INCY 0.27%
 Expeditors International of Washington, Inc. EXPD 0.27%
 Biogen Inc. BIIB 0.27%
 NOV Inc. NOV 0.27%
 Mohawk Industries, Inc. MHK 0.27%
 SouthState Bank Corporation SSB 0.27%
 Krystal Biotech, Inc. KRYS 0.27%
 Cincinnati Financial Corporation CINF 0.26%
 Mueller Industries, Inc. MLI 0.26%
 MGIC Investment Corporation MTG 0.26%
 Urban Outfitters, Inc. URBN 0.26%
 Texas Roadhouse, Inc. TXRH 0.26%
 United Therapeutics Corporation UTHR 0.26%
 Antero Resources Corporation AR 0.26%
 The New York Times Company (Class A) NYT 0.25%
 Toll Brothers, Inc. TOL 0.25%
 Abercrombie & Fitch Co. (Class A) ANF 0.25%
 Kirby Corporation KEX 0.25%
 First Solar, Inc. FSLR 0.25%
 BioMarin Pharmaceutical Inc. BMRN 0.25%
 Sprouts Farmers Market, Inc. SFM 0.25%
 BJ's Wholesale Club Holdings, Inc. BJ 0.25%
 InterDigital, Inc. IDCC 0.24%
 Argan, Inc. AGX 0.24%
 The Ensign Group, Inc. ENSG 0.24%
 Lear Corporation LEA 0.24%
 PulteGroup, Inc. PHM 0.23%
 Darden Restaurants, Inc. DRI 0.23%
 Deckers Outdoor Corporation DECK 0.23%
 Medpace Holdings, Inc. MEDP 0.23%
 Compass, Inc. (Class A) COMP 0.23%
 Ingredion Incorporated INGR 0.22%
 VICI Properties Inc. VICI 0.22%
 Remitly Global, Inc. RELY 0.22%
 Erie Indemnity Company ERIE 0.21%
 The Mosaic Company MOS 0.21%
 Globus Medical, Inc. (Class A) GMED 0.21%
 Lumen Technologies, Inc. LUMN 0.20%
 SM Energy Company SM 0.20%
 Plexus Corp. PLXS 0.20%
 Universal Health Services, Inc. (Class B) UHS 0.19%
 Jack Henry & Associates, Inc. JKHY 0.19%
 Matson, Inc. MATX 0.19%
 StoneX Group Inc. SNEX 0.19%
 Fox Corporation (Class A) FOXA 0.19%
 UiPath, Inc. (Class A) PATH 0.19%
 Clear Secure, Inc. (Class A) YOU 0.19%
 Patterson-UTI Energy, Inc. PTEN 0.18%
 NetScout Systems, Inc. NTCT 0.18%
 Ulta Beauty, Inc. ULTA 0.18%
 Rush Enterprises, Inc. (Class A) RUSHA 0.17%
 Archrock, Inc. AROC 0.17%
 Bright Horizons Family Solutions Inc. BFAM 0.17%
 UniFirst Corporation UNF 0.16%
 Waters Corporation WAT 0.16%
 PriceSmart, Inc. PSMT 0.16%
 Primoris Services Corporation PRIM 0.16%
 Apple Hospitality REIT, Inc. APLE 0.16%
 Cactus, Inc. (Class A) WHD 0.16%
 Harley-Davidson, Inc. HOG 0.15%
 Federated Hermes, Inc. (Class B) FHI 0.15%
 AZZ Inc. AZZ 0.15%
 OPENLANE Inc. OPLN 0.15%
 WaFd Inc. WAFD 0.14%
 Brady Corporation BRC 0.14%
 Radian Group Inc. RDN 0.14%
 ACI Worldwide, Inc. ACIW 0.14%
 Murphy Oil Corporation MUR 0.14%
 Mercury General Corporation MCY 0.14%
 EnerSys ENS 0.14%
 Dorman Products, Inc. DORM 0.14%
 Matador Resources Company MTDR 0.14%
 Enact Holdings, Inc. ACT 0.14%
 Otter Tail Corporation OTTR 0.13%
 M/I Homes, Inc. MHO 0.13%
 Covista Inc. CVSA 0.13%
 Cal-Maine Foods, Inc. CALM 0.13%
 International Bancshares Corporation IBOC 0.13%
 NMI Holdings, Inc. (Class A) NMIH 0.13%
 Laureate Education, Inc. (Class A) LAUR 0.13%
 Strategic Education, Inc. STRA 0.12%
 Haemonetics Corporation HAE 0.12%
 CNX Resources Corporation CNX 0.12%
 Hub Group, Inc. HUBG 0.12%
 Avista Corporation AVA 0.12%
 Portland General Electric Company POR 0.12%
 ACADIA Pharmaceuticals Inc. ACAD 0.12%
 Liberty Energy Inc. (Class A) LBRT 0.12%
 Palomar Holdings, Inc. PLMR 0.12%
 Privia Health Group, Inc. PRVA 0.12%
 Photronics, Inc. PLAB 0.11%
 KB Home KBH 0.11%
 Champion Homes Inc. SKY 0.10%
 CorVel Corporation CRVL 0.10%
 Grand Canyon Education, Inc. LOPE 0.10%
 The Western Union Company WU 0.09%
 DXC Technology Company DXC 0.09%
 MAXIMUS, Inc. MMS 0.08%
 The Marzetti Company MZTI 0.07%
 The Simply Good Foods Company SMPL 0.06%
 
Total Number of Holdings:    231
Underlying Securities information represented above is as of 08/04/2026 but will vary with future fluctuations in the market.

Risk Considerations

Unit investment trusts are designed to be held until trust termination. If redeemed early, additional fees, such as remaining deferred sales charges, will be assessed.

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. Covenant-lite loans 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.

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 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.

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 Risk. Market risk is the risk that a particular security, or units of a trust in general may fall in value. Securities are subject to market fluctuations caused by such factors as general economic conditions, political events, regulatory or market developments, changes in interest rates, and perceived trends in securities prices. Units of a trust could decline in value or underperform other investments as a result. In addition, local, regional, or global events such as war, acts of terrorism, spread of infectious disease or other public health issues, recessions, natural disasters, or other events could have significant negative impact on a trust.

Senior Loans Risk. 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.

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 organization 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.

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