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       

Senior Loan & Limited Duration Opportunities Closed-End, 53  Ticker: FCPYGX
The Senior Loan & Limited Duration Opportunities Closed-End Portfolio is a unit investment trust which invests in a diversified portfolio of senior loan and limited duration closed-end funds. The portfolio seeks to provide investors with the potential for high current income.
Please note that there is no assurance the objective will be met.
Product Code: SDOP53
Portfolio Status: Secondary
Initial Offer Date: 02/20/2018
Secondary Date: 04/27/2018
Portfolio Ending Date: 05/20/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.0637
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/25/2019 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.

 Holdings  Export Current Holdings | View Initial Holdings  
 Blackstone/GSO Long-Short Credit Income Fund BGX 4.58%
 Invesco Dynamic Credit Opportunities Fund VTA 4.53%
 Eaton Vance Senior Income Trust EVF 4.50%
 Apollo Senior Floating Rate Fund Inc. AFT 4.37%
 Nuveen Senior Income Fund NSL 4.36%
 Pioneer Floating Rate Trust PHD 4.35%
 Ares Dynamic Credit Allocation Fund, Inc. ARDC 4.35%
 Eaton Vance Senior Floating-Rate Trust EFR 4.34%
 Western Asset Corporate Loan Fund Inc. TLI 4.32%
 KKR Income Opportunities Fund KIO 4.27%
 Nuveen Floating Rate Income Opportunity Fund JRO 4.23%
 MFS Multimarket Income Trust MMT 4.15%
 BlackRock Multi-Sector Income Trust BIT 4.10%
 Eaton Vance Limited Duration Income Fund EVV 4.08%
 Credit Suisse Asset Management Income Fund, Inc. CIK 4.07%
 MFS Intermediate Income Trust MIN 4.03%
 Wells Fargo Multi-Sector Income Fund ERC 4.00%
 Apollo Tactical Income Fund Inc. AIF 3.99%
 John Hancock Investors Trust JHI 3.87%
 Blackstone/GSO Strategic Credit Fund BGB 3.85%
 Barings Global Short Duration High Yield Fund BGH 2.61%
 Dreyfus High Yield Strategies Fund DHF 2.58%
 Western Asset High Income Fund II Inc. HIX 2.58%
 Wells Fargo Income Opportunities Fund EAD 2.57%
 Pioneer High Income Trust PHT 2.49%
 Credit Suisse High Yield Bond Fund DHY 2.41%
Total Number of Holdings:    26
Underlying Securities information represented above is as of 03/25/2019 but will vary with future fluctuations in the market.

Risk Considerations

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 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.

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.

Limited Duration Bonds Risk. Limited duration bonds are subject to interest rate risk, which is the risk that the value of a security will fall if interest rates increase. While limited duration bonds are generally subject to less interest rate sensitivity than longer duration bonds, there can be no assurance that interest rates will rise during the life of the trust.

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.

Term Risk - 15 months. Although this unit investment trust terminates in approximately 15 months, 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.

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
30307D660 (Cash)
30307D678 (Reinvest)
30307D686 (Cash-Fee)
30307D694 (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, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their 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 © 2019 All rights reserved.