Covered Call Select Closed-End, 64  Ticker: FGSBEX
 
Description
The Covered Call Select Closed-End Portfolio is a unit investment trust that is comprised of a pool of closed-end funds which invest primarily in common stocks which are subject to covered call options. The portfolio seeks to provide the potential for income and, to a lesser extent, capital appreciation.
 
Summary
Product Code: CC2Y64
Portfolio Status: Secondary
Initial Offer Date: 01/05/2018
Secondary Date: 04/04/2018
Portfolio Ending Date: 01/06/2020
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.3983
POP(*): $9.6147
Remaining Deferred Sales Charge: $0.0750
* As of Trade Date: 06/15/2018 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 * $0.6865
As of 06/11/2018
* 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
 AllianzGI NFJ Dividend, Interest & Premium Strategy Fund NFJ 7.03%
 Voya Global Equity Dividend and Premium Opportunity Fund IGD 6.61%
 Nuveen Nasdaq 100 Dynamic Overwrite Fund QQQX 6.55%
 Nuveen Dow 30 Dynamic Overwrite Fund DIAX 6.21%
 BlackRock Enhanced Capital and Income Fund, Inc. CII 6.09%
 Nuveen S&P 500 Buy-Write Income Fund BXMX 6.08%
 BlackRock Enhanced Equity Dividend Trust BDJ 6.04%
 Columbia Seligman Premium Technology Growth Fund, Inc. STK 5.96%
 BlackRock Enhanced International Dividend Trust BGY 5.30%
 BlackRock Enhanced Global Opportunities Dividend Trust BOE 5.28%
 Voya Global Advantage and Premium Opportunity Fund IGA 5.17%
 Cohen & Steers Global Income Builder, Inc. INB 4.91%
 Eaton Vance Enhanced Equity Income Fund II EOS 4.63%
 Eaton Vance Tax-Managed Diversified Equity Income Fund ETY 4.17%
 Eaton Vance Tax-Managed Buy-Write Opportunities Fund ETV 4.09%
 Eaton Vance Tax-Managed Global Diversified Equity Income Fund EXG 4.05%
 Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund ETW 4.03%
 Eaton Vance Risk-Managed Diversified Equity Income Fund ETJ 4.03%
 GAMCO Natural Resources, Gold & Income Trust GNT 3.77%
 
Total Number of Holdings:    19
Underlying Securities information represented above is as of 06/15/2018 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 April 20, 2018
$0.07500 May 18, 2018
$0.07500 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.

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.

Closed-End Fund Risk. Closed-end funds 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 the funds 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, closed-end funds frequently trade at a discount to their net asset value in the secondary market. Certain closed-end funds may employ the use of leverage, which increases the volatility of such funds.

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.

Options Risk. Options are subject to various risks including that their value may be adversely affected if the market for the option becomes less liquid or smaller. In addition, options will be affected by changes in the value and dividend rates of the stock subject to the option, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the common stock and the remaining time to expiration.

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.

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.