75/25 Strategic Allocation, 1st Qtr 2018  Ticker: FSTVLX
 
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.
 
Summary
Product Code: 7S1Q18
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(*): $8.9183
POP(*): $9.0403
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/11/2018 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 * $0.2107
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
 First Trust Senior Loan Fund FTSL 1.18%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 1.18%
 SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 1.17%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 1.16%
 iShares Long-Term Corporate Bond ETF IGLB 1.10%
 Vanguard Long-Term Corporate Bond ETF VCLT 1.09%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 1.09%
 iShares Emerging Markets High Yield Bond ETF EMHY 1.09%
 HCA Healthcare, Inc. HCA 1.06%
 Vanguard Mortgage-Backed Securities ETF VMBS 1.06%
 SPDR Bloomberg Barclays TIPS ETF IPE 1.05%
 SPDR Bloomberg Barclays Convertible Securities ETF CWB 1.05%
 Invesco Senior Loan ETF BKLN 1.05%
 iShares TIPS Bond ETF TIP 1.04%
 First Trust Tactical High Yield ETF HYLS 1.03%
 iShares U.S. Preferred Stock ETF PFF 0.99%
 Invesco Preferred ETF PGX 0.99%
 First Trust Low Duration Opportunities ETF LMBS 0.94%
 iShares 7-10 Year Treasury Bond ETF IEF 0.93%
 iShares 10-20 Year Treasury Bond ETF TLH 0.93%
 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 0.92%
 VanEck Vectors J.P. Morgan EM Local Currency Bond ETF EMLC 0.92%
 Highland/iBoxx Senior Loan ETF SNLN 0.91%
 Illumina, Inc. ILMN 0.90%
 O'Reilly Automotive, Inc. ORLY 0.88%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 0.88%
 iShares Core 10+ Year USD Bond ETF ILTB 0.87%
 First Trust Preferred Securities and Income ETF FPE 0.86%
 Centene Corporation CNC 0.85%
 Hormel Foods Corporation HRL 0.84%
 CME Group Inc. CME 0.84%
 NextEra Energy, Inc. NEE 0.82%
 Costco Wholesale Corporation COST 0.82%
 The TJX Companies, Inc. TJX 0.82%
 Express Scripts Holding Company ESRX 0.81%
 Welltower Inc. WELL 0.81%
 Anthem, Inc. ANTM 0.81%
 UnitedHealth Group Incorporated UNH 0.80%
 WEC Energy Group, Inc. WEC 0.79%
 Intuitive Surgical, Inc. ISRG 0.78%
 Verizon Communications Inc. VZ 0.77%
 Ventas, Inc. VTR 0.77%
 Eversource Energy ES 0.77%
 Dollar General Corporation DG 0.76%
 Intel Corporation INTC 0.75%
 Public Storage PSA 0.74%
 Sysco Corporation SYY 0.72%
 Prologis, Inc. PLD 0.72%
 Waste Management, Inc. WM 0.71%
 T-Mobile US, Inc. TMUS 0.70%
 Cigna Corporation CI 0.68%
 Ross Stores, Inc. ROST 0.67%
 Target Corporation TGT 0.65%
 CVS Health Corporation CVS 0.65%
 Amphenol Corporation APH 0.65%
 Corning Incorporated GLW 0.64%
 Biogen Inc. BIIB 0.63%
 Medtronic Plc MDT 0.61%
 Monster Beverage Corporation MNST 0.61%
 Exxon Mobil Corporation XOM 0.60%
 Raytheon Company RTN 0.60%
 Newmont Mining Corporation NEM 0.59%
 Northrop Grumman Corporation NOC 0.59%
 Texas Instruments Incorporated TXN 0.58%
 Northern Trust Corporation NTRS 0.57%
 L'Oreal S.A. (ADR) LRLCY 0.57%
 Nucor Corporation NUE 0.56%
 The Allstate Corporation ALL 0.56%
 Best Buy Co., Inc. BBY 0.56%
 T. Rowe Price Group, Inc. TROW 0.56%
 General Dynamics Corporation GD 0.56%
 Micron Technology, Inc. MU 0.55%
 Tokio Marine Holdings, Inc. (ADR) TKOMY 0.55%
 Accenture Plc ACN 0.54%
 Valero Energy Corporation VLO 0.53%
 Dollar Tree, Inc. DLTR 0.52%
 Orange (ADR) ORAN 0.52%
 Altria Group, Inc. MO 0.51%
 Total S.A. (ADR) TOT 0.51%
 Cerner Corporation CERN 0.51%
 NTT DOCOMO, Inc. (ADR) DCMYY 0.51%
 Facebook, Inc. (Class A) FB 0.51%
 Eni SpA (ADR) E 0.50%
 Molson Coors Brewing Company TAP 0.50%
 FedEx Corporation FDX 0.49%
 Toyota Motor Corporation (ADR) TM 0.48%
 Lam Research Corporation LRCX 0.48%
 Stanley Black & Decker, Inc. SWK 0.48%
 The Toronto-Dominion Bank TD 0.48%
 Eaton Corporation Plc ETN 0.47%
 D.R. Horton, Inc. DHI 0.47%
 Tyson Foods, Inc. (Class A) TSN 0.46%
 Bank of Montreal BMO 0.46%
 Skyworks Solutions, Inc. SWKS 0.46%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.46%
 Novo Nordisk A/S (ADR) NVO 0.45%
 Royal Bank of Canada RY 0.45%
 Suncor Energy Inc. SU 0.45%
 Nissan Motor Co., Ltd. (ADR) NSANY 0.44%
 Rio Tinto Plc (ADR) RIO 0.44%
 NIDEC Corporation (ADR) NJDCY 0.44%
 Applied Materials, Inc. AMAT 0.43%
 ABIOMED, Inc. ABMD 0.42%
 TE Connectivity Ltd. TEL 0.41%
 Telstra Corporation Limited (ADR) TLSYY 0.41%
 Honda Motor Co., Ltd. (ADR) HMC 0.40%
 Nintendo Co., Ltd. (ADR) NTDOY 0.40%
 LyondellBasell Industries N.V. LYB 0.40%
 PG&E Corporation PCG 0.39%
 Canon Inc. (ADR) CAJ 0.39%
 Hitachi, Ltd. (ADR) HTHIY 0.38%
 AXA S.A. (ADR) AXAHY 0.38%
 Lloyds Banking Group Plc (ADR) LYG 0.38%
 Masimo Corporation MASI 0.35%
 Vodafone Group Plc (ADR) VOD 0.34%
 Atmos Energy Corporation ATO 0.33%
 F5 Networks, Inc. FFIV 0.33%
 Columbia Sportswear Company COLM 0.33%
 Rollins, Inc. ROL 0.33%
 IDACORP, Inc. IDA 0.32%
 Henry Schein, Inc. HSIC 0.32%
 Komatsu Ltd. (ADR) KMTUY 0.32%
 Universal Health Services, Inc. (Class B) UHS 0.31%
 Foot Locker, Inc. FL 0.31%
 WellCare Health Plans, Inc. WCG 0.31%
 PRA Health Sciences, Inc. PRAH 0.31%
 Pinnacle West Capital Corporation PNW 0.30%
 Expeditors International of Washington, Inc. EXPD 0.30%
 Mohawk Industries, Inc. MHK 0.30%
 Akamai Technologies, Inc. AKAM 0.28%
 Hologic, Inc. HOLX 0.27%
 MAXIMUS, Inc. MMS 0.27%
 Williams-Sonoma, Inc. WSM 0.27%
 Gentex Corporation GNTX 0.26%
 Old Dominion Freight Line, Inc. ODFL 0.26%
 Landstar System, Inc. LSTR 0.25%
 Seaboard Corporation SEB 0.25%
 CBRE Group, Inc. CBRE 0.25%
 Reinsurance Group of America, Incorporated RGA 0.24%
 The Toro Company TTC 0.24%
 Annaly Capital Management, Inc. NLY 0.24%
 FLIR Systems, Inc. FLIR 0.24%
 Torchmark Corporation TMK 0.23%
 The Gap, Inc. GPS 0.23%
 Arrow Electronics, Inc. ARW 0.23%
 Tech Data Corporation TECD 0.23%
 JetBlue Airways Corporation JBLU 0.23%
 Carlisle Companies Incorporated CSL 0.23%
 Reliance Steel & Aluminum Co. RS 0.23%
 Huntington Ingalls Industries, Inc. HII 0.23%
 RingCentral, Inc. (Class A) RNG 0.23%
 Conagra Brands, Inc. CAG 0.22%
 Snap-on Incorporated SNA 0.22%
 Insperity, Inc. NSP 0.22%
 Quanta Services, Inc. PWR 0.22%
 National Beverage Corp. FIZZ 0.22%
 SYNNEX Corporation SNX 0.22%
 Aramark ARMK 0.22%
 GCI Liberty, Inc. (Class A) GLIBA 0.22%
 EMCOR Group, Inc. EME 0.21%
 ON Semiconductor Corporation ON 0.21%
 First American Financial Corporation FAF 0.21%
 FNF Group FNF 0.21%
 Ciena Corporation CIEN 0.20%
 Teradyne, Inc. TER 0.20%
 MEDNAX, Inc. MD 0.20%
 FTI Consulting, Inc. FCN 0.20%
 United Therapeutics Corporation UTHR 0.20%
 MGIC Investment Corporation MTG 0.19%
 Ingredion Incorporated INGR 0.19%
 MKS Instruments, Inc. MKSI 0.19%
 PVH Corp. PVH 0.19%
 Carter's, Inc. CRI 0.19%
 Spirit Airlines, Inc. SAVE 0.19%
 The Boston Beer Company, Inc. SAM 0.18%
 Green Dot Corporation (Class A) GDOT 0.18%
 Skechers U.S.A., Inc. SKX 0.17%
 Qualys, Inc. QLYS 0.17%
 American States Water Company AWR 0.16%
 NVR, Inc. NVR 0.16%
 Spire Inc. SR 0.16%
 Adtalem Global Education Inc. ATGE 0.16%
 Dick's Sporting Goods, Inc. DKS 0.16%
 AMN Healthcare Services, Inc. AMN 0.16%
 Urban Outfitters, Inc. URBN 0.15%
 American Eagle Outfitters, Inc. AEO 0.15%
 International Speedway Corporation ISCA 0.15%
 J & J Snack Foods Corp. JJSF 0.15%
 California Water Service Group CWT 0.15%
 Pebblebrook Hotel Trust PEB 0.15%
 Pilgrim's Pride Corporation PPC 0.15%
 Aaron's, Inc. AAN 0.15%
 Finisar Corporation FNSR 0.14%
 Owens Corning OC 0.14%
 Apollo Commercial Real Estate Finance, Inc. ARI 0.14%
 Retail Properties of America, Inc. RPAI 0.14%
 The Cheesecake Factory Incorporated CAKE 0.13%
 Mercury Systems, Inc. MRCY 0.13%
 RPC, Inc. RES 0.13%
 Innospec Inc. IOSP 0.13%
 Piedmont Office Realty Trust, Inc. PDM 0.13%
 Axos Financial Inc. AX 0.13%
 Sprouts Farmers Market, Inc. SFM 0.13%
 Columbia Property Trust, Inc. CXP 0.13%
 Applied Industrial Technologies, Inc. AIT 0.12%
 Plexus Corp. PLXS 0.12%
 AVX Corporation AVX 0.12%
 Stamps.com Inc. STMP 0.12%
 Werner Enterprises, Inc. WERN 0.11%
 Evercore Inc. EVR 0.11%
 Cooper Tire & Rubber Company CTB 0.10%
 Benchmark Electronics, Inc. BHE 0.10%
 Universal Forest Products, Inc. UFPI 0.10%
 Cirrus Logic, Inc. CRUS 0.10%
 Sanderson Farms, Inc. SAFM 0.10%
 EnPro Industries, Inc. NPO 0.10%
 Thor Industries, Inc. THO 0.10%
 GameStop Corp. (Class A) GME 0.09%
 II-VI Incorporated IIVI 0.09%
 The Children's Place, Inc. PLCE 0.09%
 Federated Investors, Inc. (Class B) FII 0.09%
 Corcept Therapeutics Incorporated CORT 0.09%
 Hecla Mining Company HL 0.08%
 Diamond Offshore Drilling, Inc. DO 0.08%
 Advanced Energy Industries, Inc. AEIS 0.08%
 Callon Petroleum Company CPE 0.08%
 Magellan Health, Inc. MGLN 0.08%
 Matador Resources Company MTDR 0.08%
 Big Lots, Inc. BIG 0.07%
 Cooper-Standard Holdings Inc. CPS 0.07%
 American Woodmark Corporation AMWD 0.06%
 Kronos Worldwide, Inc. KRO 0.06%
 United Natural Foods, Inc. UNFI 0.04%
 
Total Number of Holdings:    233
Underlying Securities information represented above is as of 12/10/2018 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.