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This unit investment trust seeks current income and capital preservation by investing in a laddered portfolio of investment grade corporate bonds.
Please note that there is no assurance the objective will be met.
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Product Code: |
CLAD25 |
Portfolio Status: |
Secondary |
Initial Offer Date: |
09/14/2023 |
Secondary Date: |
10/24/2023 |
Wtd Avg Maturity: |
4.5 |
ELTR Life: |
4.5 |
Tax Structure: |
Regulated Investment Company |
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Initial Offer Price: |
$981.0500 |
NAV(*): |
$981.1100 |
POP(*): |
$1,002.2200 |
PAR(*): |
$1,004.3000 |
Remaining Deferred Sales Charge: |
$0.0000 |
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* As of Trade Date: 10/31/2024 4:00pm ET
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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.
30332K689 |
Monthly |
$2.4600 |
$42.2300 |
4.210% |
4.115% |
|
03938LBE3 |
175,000
|
ARCELORMITTAL SA 6.55%, due 11/29/2027
|
BBB-
|
|
6.55000
|
11/29/2027M
|
10/29/2027
|
100.0000
|
05329WAP7 |
250,000
|
AUTONATION INC 3.80%, due 11/15/2027
|
BBB-
|
|
3.80000
|
11/15/2027M
|
08/15/2027
|
100.0000
|
053807AU7 |
250,000
|
AVNET INC 3%, due 05/15/2031
|
BBB-
|
|
3.00000
|
05/15/2031M
|
02/15/2031
|
100.0000
|
05723KAG5 |
250,000
|
BAKER HUGHES LLC/CO-OBL 3.138%, due 11/07/2029
|
A-
|
|
3.13800
|
11/07/2029M
|
08/07/2029
|
100.0000
|
06418GAC1 |
250,000
|
BANK OF NOVA SCOTIA 5.45%, due 06/12/2025
|
A-
|
|
5.45000
|
06/12/2025M
|
|
|
055451BE7 |
250,000
|
BHP BILLITON FIN USA LTD 5.25%, due 09/08/2033
|
A-
|
|
5.25000
|
09/08/2033M
|
06/08/2033
|
100.0000
|
14913UAB6 |
175,000
|
CATERPILLAR FINL SERVICE N/C, 5.15%, due 08/11/2025
|
A
|
|
5.15000
|
08/11/2025M
|
|
|
20030NEC1 |
110,000
|
COMCAST CORP 4.65%, due 02/15/2033
|
A-
|
|
4.65000
|
02/15/2033M
|
11/15/2032
|
100.0000
|
208251AE8 |
205,000
|
CONOCO INC 6.95%, due 04/15/2029
|
A-
|
|
6.95000
|
04/15/2029M
|
|
|
26442UAH7 |
150,000
|
DUKE ENERGY PROGRESS LLC 3.45%, due 03/15/2029
|
A
|
|
3.45000
|
03/15/2029M
|
12/15/2028
|
100.0000
|
29273VAQ3 |
235,000
|
ENERGY TRANSFER LP 5.75%, due 02/15/2033
|
BBB
|
|
5.75000
|
02/15/2033M
|
11/15/2032
|
100.0000
|
37045VAV2 |
223,000
|
GENERAL MOTORS CO 6.125%, due 10/01/2025
|
BBB
|
|
6.12500
|
10/01/2025M
|
09/01/2025
|
100.0000
|
37940XAN2 |
250,000
|
GLOBAL PAYMENTS INC 5.30%, due 08/15/2029
|
BBB-
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|
5.30000
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08/15/2029M
|
06/15/2029
|
100.0000
|
458140BY5 |
250,000
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INTEL CORP 3.75%, due 08/05/2027
|
BBB+
|
|
3.75000
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08/05/2027M
|
07/05/2027
|
100.0000
|
46124HAG1 |
100,000
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INTUIT INC 5.20%, due 09/15/2033
|
A-
|
|
5.20000
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09/15/2033M
|
06/15/2033
|
100.0000
|
24422EXC8 |
250,000
|
JOHN DEERE CAPITAL CORP N/C, 5.30%, due 09/08/2025
|
A
|
|
5.30000
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09/08/2025M
|
|
|
61746BEF9 |
250,000
|
MORGAN STANLEY 3.625%, due 01/20/2027
|
A-
|
|
3.62500
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01/20/2027M
|
|
|
718172DE6 |
250,000
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PHILIP MORRIS INTL INC 5.625%, due 09/07/2033
|
A-
|
|
5.62500
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09/07/2033M
|
06/07/2033
|
100.0000
|
74460DAJ8 |
250,000
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PUBLIC STORAGE OP CO 2.25%, due 11/09/2031
|
A
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|
2.25000
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11/09/2031M
|
08/09/2031
|
100.0000
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78016EYH4 |
250,000
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ROYAL BANK OF CANADA 2.30%, due 11/03/2031
|
A
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2.30000
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11/03/2031M
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|
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828807DM6 |
100,000
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SIMON PROPERTY GROUP LP 2.20%, due 02/01/2031
|
A-
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|
2.20000
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02/01/2031M
|
11/01/2030
|
100.0000
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842587DS3 |
225,000
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SOUTHERN CO 5.50%, due 03/15/2029
|
BBB+
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|
5.50000
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03/15/2029M
|
01/15/2029
|
100.0000
|
87612BBS0 |
250,000
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TARGA RESOURCES PARTNERS 4.875%, due 02/01/2031
|
BBB
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|
4.87500
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02/01/2031M
|
02/01/2026
|
102.4380
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89115A2H4 |
130,000
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TORONTO-DOMINION BANK 4.693%, due 09/15/2027
|
A-
|
|
4.69300
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09/15/2027M
|
|
|
89236TKZ7 |
150,000
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TOYOTA MOTOR CREDIT CORP N/C, 5.60%, due 09/11/2025
|
A+
|
|
5.60000
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09/11/2025M
|
|
|
| |
Total Number of Holdings: 25 |
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Risk Considerations Buy & Hold Risk – Taxable Trusts. 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. COVID-19 Economic Impact Risk. 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. 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. 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. 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. REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession. 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. 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.
Estimated current return is determined by dividing a Trust's estimated net annual interest income per unit by the public offering price per unit. Estimated long-term return is a measure of the estimated return over the estimated life of a Trust. Unlike estimated current return, estimated long-term return reflects maturities, estimated principal prepayments, Trust charges and expenses, and discounts and premiums of securities in a Trust. Returns and prices will fluctuate. Consult a prospectus for a more complete description of the estimated current return and estimated long-term return calculations. Some of the information may have been obtained from third parties, including ratings from credit ratings agencies such as Standard
& Poor's. Reproduction and distribution of third party content in any form is prohibited except with the prior written permission of the related third party. Third
party content providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and are not responsible for
any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such content. THIRD PARTY CONTENT PROVIDERS GIVE
NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. THIRD PARTY CONTENT
PROVIDERS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPESATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, OR
LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS) IN CONNECTION WITH ANY USE OF THEIR CONTENT, INCLUDING RATINGS. Credit ratings are statements of opinions
and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the suitability of securities or the suitability of securities
for investment purposes, and should not be relied on as investment advice. Please see the prospectus for a full description of the bond ratings.
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, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.
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30332K689 |
(Cash) |
30332K697 |
(Cash-Wrap) |
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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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