Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       

Municipal Income and Dividend Growers, 13  Ticker: FBWUZX
A unit investment trust that seeks current monthly income and capital appreciation by investing in tax-exempt municipal bonds as well as companies with a history of dividend growth and the potential to increase their dividends over time.
Product Code: MIDV13
Portfolio Status: Secondary
Initial Offer Date: 01/25/2018
Secondary Date: 06/12/2018
Portfolio Ending Date: 01/24/2020
Tax Structure: Regulated Investment Company
Distributions: Monthly
Historical 12-Month Distribution Rate of Trust Holdings:^ 3.51%
Initial Offer Price: $10.0000
NAV(*): $8.6932
POP(*): $8.8933
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/18/2018 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.
^There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical distribution rate of the securities included in the trust is for illustrative purposes only and is not indicative of the trust's distribution rate. The historical distribution rate is the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio and is reduced to account for the effects of fees and expenses which will be incurred when investing in a trust. The distribution rate paid by the trust may be higher or lower than the amount shown above due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, or the sale of securities in the portfolio.

 Holdings  Export Current Holdings | View Initial Holdings  
 SPDR Nuveen S&P High Yield Municipal Bond ETF HYMB 5.56%
 PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund MUNI 5.48%
 VanEck Vectors High Yield Municipal Index ETF HYD 5.42%
 Invesco National AMT-Free Municipal Bond ETF PZA 5.41%
 VanEck Vectors AMT-Free Long Municipal Index ETF MLN 5.33%
 SPDR S&P Dividend ETF SDY 5.21%
 Invesco Dividend Achievers ETF PFM 5.12%
 Vanguard Dividend Appreciation ETF VIG 5.12%
 iShares Select Dividend ETF DVY 5.04%
 Invesco International Dividend Achievers ETF PID 4.68%
 MFS High Yield Municipal Trust CMU 2.58%
 Eaton Vance Municipal Income Trust EVN 2.54%
 Nuveen Municipal Credit Income Fund NZF 2.49%
 Nuveen AMT-Free Municipal Credit Income Fund NVG 2.48%
 DWS Municipal Income Trust KTF 2.47%
 Invesco Advantage Municipal Income Trust II VKI 2.46%
 BlackRock Strategic Municipal Trust BSD 2.43%
 Invesco Trust for Investment Grade Municipals VGM 2.42%
 Neuberger Berman Municipal Fund Inc. NBH 2.42%
 Dreyfus Municipal Income, Inc. DMF 2.41%
 OGE Energy Corp. OGE 1.37%
 NextEra Energy, Inc. NEE 1.27%
 Cisco Systems, Inc. CSCO 1.16%
 Amgen Inc. AMGN 1.12%
 Old Republic International Corporation ORI 1.12%
 Omnicom Group Inc. OMC 1.08%
 PepsiCo, Inc. PEP 1.03%
 Genuine Parts Company GPC 1.01%
 Kohl's Corporation KSS 1.00%
 CVS Health Corporation CVS 0.97%
 Target Corporation TGT 0.93%
 Eaton Corporation Plc ETN 0.91%
 Phillips 66 PSX 0.90%
 AbbVie Inc. ABBV 0.89%
 Altria Group, Inc. MO 0.82%
 Huntington Bancshares Incorporated HBAN 0.82%
 Valero Energy Corporation VLO 0.81%
 Domtar Corporation UFS 0.80%
 Ford Motor Company F 0.78%
 International Business Machines Corporation IBM 0.76%
 Cardinal Health, Inc. CAH 0.72%
 PacWest Bancorp PACW 0.69%
 Principal Financial Group, Inc. PFG 0.66%
 Schweitzer-Mauduit International, Inc. SWM 0.64%
 Invesco Ltd. IVZ 0.50%
Total Number of Holdings:    45
Underlying Securities information represented above is as of 12/17/2018 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.

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 and ETF Risk. Closed-end funds and 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, closed-end 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, ETFs and closed-end funds frequently trade at a discount from their net asset value in the secondary market. Certain closed-end funds in which the portfolio invests 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.

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.

Municipal Bonds Risk. Municipal bonds are subject to numerous risks, including higher interest rates, economic recession, deterioration of the municipal bond market, possible downgrades and defaults of interest and/or principal.

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.

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.

Fund Cusip Information
30306G748 (Cash)
30306G755 (Reinvest)
30306G763 (Cash-Fee)
30306G771 (Reinvest-Fee)
Printer Friendly Page Printer Friendly Page

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 and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2018 All rights reserved.