60/40 Strategic Allocation, 1st Qtr 2018  Ticker: FRZMJX
A unit investment trust which seeks the potential for above-average total return by investing approximately 60% of its assets in common stocks which are selected by applying a disciplined investment strategy and 40% of its assets in exchange-traded funds which invest in fixed-income securities.
Product Code: 6S1Q18
Portfolio Status: Primary
Initial Offer Date: 01/11/2018
Portfolio Ending Date: 04/16/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.3557
POP(*): $9.4811
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 03/23/2018 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.

 Estimated Net Annual Distribution Per Unit
Year 1 * $0.2326
Subsequent Years * $0.2321
As of 03/19/2018
* The estimated net annual distribution for subsequent years is expected to be less than the amount for the first year because a portion of the securities included in the portfolio will be sold to pay for organization costs, the deferred sales charge and the creation and development fee.  The estimates are based on annualizing the most recent dividends declared by the issuers of the securities included in the portfolio. There is no guarantee that the issuers of the securities included in the portfolio will declare distributions in the future or that, if declared, they will either remain at current levels or increase over time.

 Holdings  Export Current Holdings | View Initial Holdings  
 SPDR Blackstone/GSO Senior Loan ETF SRLN 1.86%
 First Trust Senior Loan Fund FTSL 1.85%
 SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 1.83%
 iShares Emerging Markets High Yield Bond ETF EMHY 1.81%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 1.80%
 iShares 10+ Year Credit Bond ETF CLY 1.78%
 Vanguard Long-Term Corporate Bond ETF VCLT 1.77%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 1.77%
 SPDR Bloomberg Barclays Convertible Securities ETF CWB 1.67%
 VanEck Vectors J.P. Morgan EM Local Currency Bond ETF EMLC 1.66%
 PowerShares Senior Loan Portfolio BKLN 1.65%
 iShares TIPS Bond ETF TIP 1.64%
 SPDR Bloomberg Barclays TIPS ETF IPE 1.64%
 iShares U.S. Preferred Stock ETF PFF 1.63%
 Vanguard Mortgage-Backed Securities ETF VMBS 1.63%
 PowerShares Preferred Portfolio PGX 1.62%
 First Trust Tactical High Yield ETF HYLS 1.61%
 Highland/iBoxx Senior Loan ETF SNLN 1.44%
 First Trust Low Duration Opportunities ETF LMBS 1.44%
 iShares 7-10 Year Treasury Bond ETF IEF 1.42%
 iShares 10-20 Year Treasury Bond ETF TLH 1.42%
 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 1.41%
 First Trust Preferred Securities and Income ETF FPE 1.41%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 1.39%
 iShares Core 10+ Year USD Bond ETF ILTB 1.39%
 Micron Technology, Inc. MU 0.71%
 Intel Corporation INTC 0.61%
 HCA Healthcare, Inc. HCA 0.60%
 Applied Materials, Inc. AMAT 0.57%
 Lam Research Corporation LRCX 0.57%
 Northrop Grumman Corporation NOC 0.57%
 NextEra Energy, Inc. NEE 0.56%
 Raytheon Company RTN 0.56%
 The TJX Companies, Inc. TJX 0.55%
 General Dynamics Corporation GD 0.55%
 Skyworks Solutions, Inc. SWKS 0.55%
 CME Group Inc. CME 0.54%
 Public Storage PSA 0.52%
 Illumina, Inc. ILMN 0.52%
 PG&E Corporation PCG 0.51%
 Newmont Mining Corporation NEM 0.51%
 Prologis, Inc. PLD 0.51%
 Valero Energy Corporation VLO 0.51%
 Amphenol Corporation APH 0.51%
 Centene Corporation CNC 0.51%
 WEC Energy Group, Inc. WEC 0.50%
 Target Corporation TGT 0.50%
 Costco Wholesale Corporation COST 0.50%
 Waste Management, Inc. WM 0.50%
 Sysco Corporation SYY 0.50%
 Northern Trust Corporation NTRS 0.50%
 Intuitive Surgical, Inc. ISRG 0.50%
 Dollar General Corporation DG 0.50%
 UnitedHealth Group Incorporated UNH 0.49%
 Texas Instruments Incorporated TXN 0.49%
 Best Buy Co., Inc. BBY 0.49%
 T. Rowe Price Group, Inc. TROW 0.49%
 T-Mobile US, Inc. TMUS 0.49%
 Eversource Energy ES 0.48%
 The Allstate Corporation ALL 0.48%
 O'Reilly Automotive, Inc. ORLY 0.48%
 Ross Stores, Inc. ROST 0.48%
 Anthem, Inc. ANTM 0.48%
 Verizon Communications Inc. VZ 0.47%
 Hormel Foods Corporation HRL 0.47%
 Stanley Black & Decker, Inc. SWK 0.47%
 Nintendo Co., Ltd. (ADR) NTDOY 0.47%
 FedEx Corporation FDX 0.46%
 Tyson Foods, Inc. (Class A) TSN 0.46%
 Nucor Corporation NUE 0.46%
 Facebook, Inc. (Class A) FB 0.46%
 Monster Beverage Corporation MNST 0.46%
 Ventas, Inc. VTR 0.45%
 Express Scripts Holding Company ESRX 0.45%
 Welltower Inc. WELL 0.45%
 NTT DOCOMO, Inc. (ADR) DCM 0.45%
 Mohawk Industries, Inc. MHK 0.45%
 Molson Coors Brewing Company TAP 0.45%
 Exxon Mobil Corporation XOM 0.44%
 Altria Group, Inc. MO 0.44%
 Corning Incorporated GLW 0.44%
 D.R. Horton, Inc. DHI 0.44%
 Dollar Tree, Inc. DLTR 0.44%
 Nissan Motor Co., Ltd. (ADR) NSANY 0.42%
 TE Connectivity Ltd. TEL 0.42%
 NIDEC Corporation (ADR) NJDCY 0.42%
 CVS Health Corporation CVS 0.41%
 Eni SpA (ADR) E 0.41%
 Cerner Corporation CERN 0.41%
 Cigna Corporation CI 0.41%
 Biogen Inc. BIIB 0.41%
 Lloyds Banking Group Plc (ADR) LYG 0.41%
 Total S.A. (ADR) TOT 0.40%
 Eaton Corporation Plc ETN 0.40%
 The Toronto-Dominion Bank TD 0.40%
 Orange (ADR) ORAN 0.40%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.40%
 L'Oreal S.A. (ADR) LRLCY 0.40%
 Tokio Marine Holdings, Inc. (ADR) TKOMY 0.40%
 Honda Motor Co., Ltd. (ADR) HMC 0.39%
 Canon Inc. (ADR) CAJ 0.39%
 Accenture Plc ACN 0.39%
 Medtronic Plc MDT 0.38%
 Toyota Motor Corporation (ADR) TM 0.38%
 Bank of Montreal BMO 0.38%
 Royal Bank of Canada RY 0.38%
 LyondellBasell Industries N.V. LYB 0.38%
 Hitachi, Ltd. (ADR) HTHIY 0.37%
 Novo Nordisk A/S (ADR) NVO 0.37%
 Rio Tinto Plc (ADR) RIO 0.37%
 Vodafone Group Plc (ADR) VOD 0.36%
 Suncor Energy Inc. SU 0.36%
 Komatsu Ltd. (ADR) KMTUY 0.36%
 Telstra Corporation Limited (ADR) TLSYY 0.36%
 AXA S.A. (ADR) AXAHY 0.35%
 ABIOMED, Inc. ABMD 0.28%
 MKS Instruments, Inc. MKSI 0.26%
 Universal Health Services, Inc. (Class B) UHS 0.23%
 ON Semiconductor Corporation ON 0.23%
 Gentex Corporation GNTX 0.22%
 Teradyne, Inc. TER 0.22%
 Akamai Technologies, Inc. AKAM 0.22%
 F5 Networks, Inc. FFIV 0.22%
 Columbia Sportswear Company COLM 0.22%
 Rollins, Inc. ROL 0.22%
 Old Dominion Freight Line, Inc. ODFL 0.22%
 CBRE Group, Inc. CBRE 0.22%
 Huntington Ingalls Industries, Inc. HII 0.22%
 IDACORP, Inc. IDA 0.21%
 Atmos Energy Corporation ATO 0.21%
 Landstar System, Inc. LSTR 0.21%
 MEDNAX, Inc. MD 0.21%
 PVH Corp. PVH 0.21%
 Skechers U.S.A., Inc. SKX 0.21%
 FLIR Systems, Inc. FLIR 0.21%
 Seaboard Corporation SEB 0.21%
 Masimo Corporation MASI 0.21%
 First American Financial Corporation FAF 0.21%
 Conagra Brands, Inc. CAG 0.20%
 The Gap, Inc. GPS 0.20%
 Pinnacle West Capital Corporation PNW 0.20%
 Expeditors International of Washington, Inc. EXPD 0.20%
 Reinsurance Group of America, Incorporated RGA 0.20%
 Williams-Sonoma, Inc. WSM 0.20%
 EMCOR Group, Inc. EME 0.20%
 JetBlue Airways Corporation JBLU 0.20%
 FNF Group FNF 0.20%
 Torchmark Corporation TMK 0.19%
 Arrow Electronics, Inc. ARW 0.19%
 MAXIMUS, Inc. MMS 0.19%
 The Toro Company TTC 0.19%
 Ingredion Incorporated INGR 0.19%
 Henry Schein, Inc. HSIC 0.19%
 Foot Locker, Inc. FL 0.19%
 Annaly Capital Management, Inc. NLY 0.19%
 Carlisle Companies Incorporated CSL 0.19%
 Reliance Steel & Aluminum Co. RS 0.19%
 WellCare Health Plans, Inc. WCG 0.19%
 Aramark ARMK 0.19%
 PRA Health Sciences, Inc. PRAH 0.19%
 GCI Liberty, Inc. (Class A) GLIBA 0.19%
 MGIC Investment Corporation MTG 0.18%
 Hologic, Inc. HOLX 0.18%
 Quanta Services, Inc. PWR 0.18%
 Carter's, Inc. CRI 0.18%
 SYNNEX Corporation SNX 0.18%
 Snap-on Incorporated SNA 0.17%
 Tech Data Corporation TECD 0.17%
 National Beverage Corp. FIZZ 0.17%
 Owens Corning OC 0.17%
 Pilgrim's Pride Corporation PPC 0.17%
 NVR, Inc. NVR 0.16%
 Thor Industries, Inc. THO 0.16%
 RPC, Inc. RES 0.16%
 United Therapeutics Corporation UTHR 0.15%
 RingCentral, Inc. (Class A) RNG 0.14%
 BofI Holding, Inc. BOFI 0.13%
 Ciena Corporation CIEN 0.12%
 Insperity, Inc. NSP 0.12%
 AMN Healthcare Services, Inc. AMN 0.12%
 Aaron's, Inc. AAN 0.12%
 Qualys, Inc. QLYS 0.12%
 Benchmark Electronics, Inc. BHE 0.11%
 Urban Outfitters, Inc. URBN 0.11%
 Applied Industrial Technologies, Inc. AIT 0.11%
 American Eagle Outfitters, Inc. AEO 0.11%
 International Speedway Corporation ISCA 0.11%
 LifePoint Health, Inc. LPNT 0.11%
 Adtalem Global Education Inc. ATGE 0.11%
 FTI Consulting, Inc. FCN 0.11%
 Dick's Sporting Goods, Inc. DKS 0.11%
 Magellan Health, Inc. MGLN 0.11%
 Green Dot Corporation (Class A) GDOT 0.11%
 Werner Enterprises, Inc. WERN 0.10%
 American States Water Company AWR 0.10%
 United Natural Foods, Inc. UNFI 0.10%
 The Cheesecake Factory Incorporated CAKE 0.10%
 Plexus Corp. PLXS 0.10%
 Spire Inc. SR 0.10%
 Advanced Energy Industries, Inc. AEIS 0.10%
 Convergys Corporation CVG 0.10%
 AVX Corporation AVX 0.10%
 J & J Snack Foods Corp. JJSF 0.10%
 Federated Investors, Inc. (Class B) FII 0.10%
 Stamps.com Inc. STMP 0.10%
 The Boston Beer Company, Inc. SAM 0.10%
 Callon Petroleum Company CPE 0.10%
 Innospec Inc. IOSP 0.10%
 Evercore Inc. EVR 0.10%
 Apollo Commercial Real Estate Finance, Inc. ARI 0.10%
 Spirit Airlines, Inc. SAVE 0.10%
 Sprouts Farmers Market, Inc. SFM 0.10%
 Hecla Mining Company HL 0.09%
 Universal Forest Products, Inc. UFPI 0.09%
 Mercury Systems, Inc. MRCY 0.09%
 II-VI Incorporated IIVI 0.09%
 The Children's Place, Inc. PLCE 0.09%
 Sanderson Farms, Inc. SAFM 0.09%
 EnPro Industries, Inc. NPO 0.09%
 California Water Service Group CWT 0.09%
 LaSalle Hotel Properties LHO 0.09%
 Kronos Worldwide, Inc. KRO 0.09%
 Piedmont Office Realty Trust, Inc. PDM 0.09%
 Cooper-Standard Holdings Inc. CPS 0.09%
 Matador Resources Company MTDR 0.09%
 Retail Properties of America, Inc RPAI 0.09%
 Columbia Property Trust, Inc. CXP 0.09%
 Cooper Tire & Rubber Company CTB 0.08%
 Diamond Offshore Drilling, Inc. DO 0.08%
 American Woodmark Corporation AMWD 0.08%
 Finisar Corporation FNSR 0.08%
 Cirrus Logic, Inc. CRUS 0.08%
 Big Lots, Inc. BIG 0.08%
 Corcept Therapeutics Incorporated CORT 0.08%
 GameStop Corp. (Class A) GME 0.07%
Total Number of Holdings:    235
Underlying Securities information represented above is as of 03/22/2018 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.10%
  Deferred:  1.42%
C&D Fee:    0.53%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30306D422 Cash Monthly
30306D430 Reinvest Monthly
* Based on the offer price as of 03/23/2018 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.53%
Maximum Sales Charge:   0.53%
CUSIP Type Distribution
30306D448 Cash-Fee Monthly
30306D455 Reinvest-Fee Monthly
* Based on the NAV price as of 03/23/2018 4:00pm ET
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 April 20, 2018
$0.04500 May 18, 2018
$0.04500 June 20, 2018

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.

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. Certain ETFs may employ the use of leverage, which increases the volatility of such funds.

Floating Rate Risk. Certain of the funds invest in floating-rate securities. 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.

Foreign Securities Risk. An investment in securities of foreign issuers should be made with an understanding of the additional risks involved, such as currency fluctuations, political risk, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

High-Yield or Junk Bonds Risk. Investing in high-yield securities or "junk" bonds 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.

IRA Risk. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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.

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.

US Treasury Note Risk. The value of U.S. Treasury notes will be adversely affected by decreases in bond prices and increases in interest rates.

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 cyber security.

Although the portfolio terminates in approximately one year, 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.

You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial advisor 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.