60/40 Strategic Allocation, 1st Qtr 2018  Ticker: FRZMJX
 
Description
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.
 
Summary
Product Code: 6S1Q18
Portfolio Status: Secondary
Initial Offer Date: 01/11/2018
Secondary Date: 04/10/2018
Portfolio Ending Date: 04/16/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $8.9791
POP(*): $9.1019
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/13/2018 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
Estimated Net Annual Distribution Per Unit * $0.2416
As of 12/10/2018
* 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  
NameSymbolWeighting
 SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 1.88%
 First Trust Senior Loan Fund FTSL 1.87%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 1.87%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 1.85%
 iShares Long-Term Corporate Bond ETF IGLB 1.76%
 Vanguard Long-Term Corporate Bond ETF VCLT 1.75%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 1.75%
 iShares Emerging Markets High Yield Bond ETF EMHY 1.75%
 Vanguard Mortgage-Backed Securities ETF VMBS 1.69%
 SPDR Bloomberg Barclays Convertible Securities ETF CWB 1.68%
 Invesco Senior Loan ETF BKLN 1.68%
 iShares TIPS Bond ETF TIP 1.66%
 SPDR Bloomberg Barclays TIPS ETF IPE 1.66%
 First Trust Tactical High Yield ETF HYLS 1.64%
 Invesco Preferred ETF PGX 1.58%
 iShares U.S. Preferred Stock ETF PFF 1.57%
 First Trust Low Duration Opportunities ETF LMBS 1.49%
 iShares 7-10 Year Treasury Bond ETF IEF 1.48%
 iShares 10-20 Year Treasury Bond ETF TLH 1.47%
 VanEck Vectors J.P. Morgan EM Local Currency Bond ETF EMLC 1.47%
 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 1.46%
 Highland/iBoxx Senior Loan ETF SNLN 1.45%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 1.42%
 iShares Core 10+ Year USD Bond ETF ILTB 1.40%
 First Trust Preferred Securities and Income ETF FPE 1.38%
 HCA Healthcare, Inc. HCA 0.86%
 Illumina, Inc. ILMN 0.75%
 O'Reilly Automotive, Inc. ORLY 0.74%
 Hormel Foods Corporation HRL 0.69%
 Centene Corporation CNC 0.68%
 CME Group Inc. CME 0.67%
 NextEra Energy, Inc. NEE 0.66%
 Costco Wholesale Corporation COST 0.66%
 Express Scripts Holding Company ESRX 0.66%
 UnitedHealth Group Incorporated UNH 0.65%
 The TJX Companies, Inc. TJX 0.65%
 Welltower Inc. WELL 0.64%
 Anthem, Inc. ANTM 0.64%
 Intuitive Surgical, Inc. ISRG 0.64%
 WEC Energy Group, Inc. WEC 0.63%
 Eversource Energy ES 0.62%
 Intel Corporation INTC 0.61%
 Verizon Communications Inc. VZ 0.60%
 Dollar General Corporation DG 0.60%
 Ventas, Inc. VTR 0.59%
 Sysco Corporation SYY 0.58%
 Prologis, Inc. PLD 0.57%
 Waste Management, Inc. WM 0.56%
 Cigna Corporation CI 0.56%
 T-Mobile US, Inc. TMUS 0.56%
 Public Storage PSA 0.55%
 Ross Stores, Inc. ROST 0.54%
 Corning Incorporated GLW 0.51%
 Target Corporation TGT 0.51%
 CVS Health Corporation CVS 0.51%
 Biogen Inc. BIIB 0.51%
 Amphenol Corporation APH 0.51%
 Medtronic Plc MDT 0.48%
 Exxon Mobil Corporation XOM 0.48%
 Texas Instruments Incorporated TXN 0.48%
 Newmont Mining Corporation NEM 0.48%
 Raytheon Company RTN 0.48%
 Northrop Grumman Corporation NOC 0.47%
 T. Rowe Price Group, Inc. TROW 0.45%
 General Dynamics Corporation GD 0.45%
 L'Oreal S.A. (ADR) LRLCY 0.45%
 Monster Beverage Corporation MNST 0.45%
 Northern Trust Corporation NTRS 0.44%
 Micron Technology, Inc. MU 0.44%
 Accenture Plc ACN 0.44%
 Nucor Corporation NUE 0.43%
 The Allstate Corporation ALL 0.43%
 Best Buy Co., Inc. BBY 0.43%
 Tokio Marine Holdings, Inc. (ADR) TKOMY 0.43%
 Total S.A. (ADR) TOT 0.42%
 Cerner Corporation CERN 0.42%
 Dollar Tree, Inc. DLTR 0.42%
 Valero Energy Corporation VLO 0.42%
 Facebook, Inc. (Class A) FB 0.42%
 Altria Group, Inc. MO 0.41%
 NTT DOCOMO, Inc. (ADR) DCMYY 0.41%
 Orange (ADR) ORAN 0.41%
 Eni SpA (ADR) E 0.40%
 Molson Coors Brewing Company TAP 0.40%
 Lam Research Corporation LRCX 0.39%
 FedEx Corporation FDX 0.38%
 Toyota Motor Corporation (ADR) TM 0.38%
 D.R. Horton, Inc. DHI 0.38%
 The Toronto-Dominion Bank TD 0.38%
 Skyworks Solutions, Inc. SWKS 0.38%
 Tyson Foods, Inc. (Class A) TSN 0.37%
 Eaton Corporation Plc ETN 0.37%
 Novo Nordisk A/S (ADR) NVO 0.37%
 Stanley Black & Decker, Inc. SWK 0.37%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.37%
 Rio Tinto Plc (ADR) RIO 0.37%
 Royal Bank of Canada RY 0.36%
 Bank of Montreal BMO 0.35%
 Nissan Motor Co., Ltd. (ADR) NSANY 0.35%
 Suncor Energy Inc. SU 0.35%
 NIDEC Corporation (ADR) NJDCY 0.35%
 Applied Materials, Inc. AMAT 0.34%
 TE Connectivity Ltd. TEL 0.33%
 ABIOMED, Inc. ABMD 0.33%
 PG&E Corporation PCG 0.32%
 Honda Motor Co., Ltd. (ADR) HMC 0.32%
 LyondellBasell Industries N.V. LYB 0.32%
 Canon Inc. (ADR) CAJ 0.31%
 Telstra Corporation Limited (ADR) TLSYY 0.31%
 Nintendo Co., Ltd. (ADR) NTDOY 0.31%
 Hitachi, Ltd. (ADR) HTHIY 0.30%
 AXA S.A. (ADR) AXAHY 0.30%
 Lloyds Banking Group Plc (ADR) LYG 0.30%
 Masimo Corporation MASI 0.28%
 Atmos Energy Corporation ATO 0.27%
 Vodafone Group Plc (ADR) VOD 0.27%
 F5 Networks, Inc. FFIV 0.27%
 IDACORP, Inc. IDA 0.26%
 Universal Health Services, Inc. (Class B) UHS 0.26%
 Rollins, Inc. ROL 0.26%
 Pinnacle West Capital Corporation PNW 0.25%
 Columbia Sportswear Company COLM 0.25%
 Henry Schein, Inc. HSIC 0.25%
 Komatsu Ltd. (ADR) KMTUY 0.25%
 WellCare Health Plans, Inc. WCG 0.25%
 PRA Health Sciences, Inc. PRAH 0.24%
 Expeditors International of Washington, Inc. EXPD 0.23%
 Mohawk Industries, Inc. MHK 0.23%
 Foot Locker, Inc. FL 0.23%
 Hologic, Inc. HOLX 0.22%
 Akamai Technologies, Inc. AKAM 0.22%
 Gentex Corporation GNTX 0.21%
 MAXIMUS, Inc. MMS 0.21%
 Williams-Sonoma, Inc. WSM 0.21%
 Old Dominion Freight Line, Inc. ODFL 0.20%
 Seaboard Corporation SEB 0.20%
 CBRE Group, Inc. CBRE 0.20%
 Arrow Electronics, Inc. ARW 0.19%
 Landstar System, Inc. LSTR 0.19%
 The Toro Company TTC 0.19%
 Annaly Capital Management, Inc. NLY 0.19%
 FLIR Systems, Inc. FLIR 0.19%
 Huntington Ingalls Industries, Inc. HII 0.19%
 RingCentral, Inc. (Class A) RNG 0.19%
 Conagra Brands, Inc. CAG 0.18%
 Torchmark Corporation TMK 0.18%
 The Gap, Inc. GPS 0.18%
 Snap-on Incorporated SNA 0.18%
 Tech Data Corporation TECD 0.18%
 Insperity, Inc. NSP 0.18%
 Reinsurance Group of America, Incorporated RGA 0.18%
 Carlisle Companies Incorporated CSL 0.18%
 Reliance Steel & Aluminum Co. RS 0.18%
 SYNNEX Corporation SNX 0.18%
 GCI Liberty, Inc. (Class A) GLIBA 0.18%
 Ciena Corporation CIEN 0.17%
 Quanta Services, Inc. PWR 0.17%
 EMCOR Group, Inc. EME 0.17%
 JetBlue Airways Corporation JBLU 0.17%
 ON Semiconductor Corporation ON 0.17%
 National Beverage Corp. FIZZ 0.17%
 First American Financial Corporation FAF 0.17%
 FNF Group FNF 0.17%
 Teradyne, Inc. TER 0.16%
 FTI Consulting, Inc. FCN 0.16%
 United Therapeutics Corporation UTHR 0.16%
 Aramark ARMK 0.16%
 MGIC Investment Corporation MTG 0.15%
 MEDNAX, Inc. MD 0.15%
 Ingredion Incorporated INGR 0.15%
 MKS Instruments, Inc. MKSI 0.15%
 The Boston Beer Company, Inc. SAM 0.15%
 Carter's, Inc. CRI 0.15%
 Green Dot Corporation (Class A) GDOT 0.15%
 Spirit Airlines, Inc. SAVE 0.15%
 PVH Corp. PVH 0.14%
 Qualys, Inc. QLYS 0.14%
 American States Water Company AWR 0.13%
 NVR, Inc. NVR 0.13%
 Adtalem Global Education Inc. ATGE 0.13%
 Skechers U.S.A., Inc. SKX 0.13%
 AMN Healthcare Services, Inc. AMN 0.13%
 International Speedway Corporation ISCA 0.12%
 Spire Inc. SR 0.12%
 J & J Snack Foods Corp. JJSF 0.12%
 Dick's Sporting Goods, Inc. DKS 0.12%
 California Water Service Group CWT 0.12%
 Pebblebrook Hotel Trust PEB 0.12%
 Pilgrim's Pride Corporation PPC 0.12%
 Urban Outfitters, Inc. URBN 0.11%
 American Eagle Outfitters, Inc. AEO 0.11%
 Finisar Corporation FNSR 0.11%
 Apollo Commercial Real Estate Finance, Inc. ARI 0.11%
 Aaron's, Inc. AAN 0.11%
 Retail Properties of America, Inc. RPAI 0.11%
 Sprouts Farmers Market, Inc. SFM 0.11%
 The Cheesecake Factory Incorporated CAKE 0.10%
 Mercury Systems, Inc. MRCY 0.10%
 RPC, Inc. RES 0.10%
 Innospec Inc. IOSP 0.10%
 Owens Corning OC 0.10%
 Piedmont Office Realty Trust, Inc. PDM 0.10%
 Axos Financial Inc. AX 0.10%
 Columbia Property Trust, Inc. CXP 0.10%
 Cooper Tire & Rubber Company CTB 0.09%
 Applied Industrial Technologies, Inc. AIT 0.09%
 Plexus Corp. PLXS 0.09%
 AVX Corporation AVX 0.09%
 Stamps.com Inc. STMP 0.09%
 Evercore Inc. EVR 0.09%
 Corcept Therapeutics Incorporated CORT 0.09%
 Werner Enterprises, Inc. WERN 0.08%
 Benchmark Electronics, Inc. BHE 0.08%
 Universal Forest Products, Inc. UFPI 0.08%
 Cirrus Logic, Inc. CRUS 0.08%
 Sanderson Farms, Inc. SAFM 0.08%
 Federated Investors, Inc. (Class B) FII 0.08%
 EnPro Industries, Inc. NPO 0.08%
 Thor Industries, Inc. THO 0.08%
 GameStop Corp. (Class A) GME 0.07%
 Advanced Energy Industries, Inc. AEIS 0.07%
 II-VI Incorporated IIVI 0.07%
 The Children's Place, Inc. PLCE 0.07%
 Callon Petroleum Company CPE 0.07%
 Magellan Health, Inc. MGLN 0.07%
 Hecla Mining Company HL 0.06%
 Diamond Offshore Drilling, Inc. DO 0.06%
 Big Lots, Inc. BIG 0.06%
 Matador Resources Company MTDR 0.06%
 American Woodmark Corporation AMWD 0.05%
 Kronos Worldwide, Inc. KRO 0.05%
 Cooper-Standard Holdings Inc. CPS 0.05%
 United Natural Foods, Inc. UNFI 0.03%
 
Total Number of Holdings:    233
Underlying Securities information represented above is as of 12/13/2018 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.

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.