Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       

Corporate High Income, 26  Ticker: FNORDX
A unit investment trust that invests in a professionally selected, fixed portfolio of corporate bond issues. The trust seeks to distribute high current monthly income and to preserve capital.
Please note that there is no assurance the objective will be met.
Product Code: CHIN26
Portfolio Status: Secondary
Initial Offer Date: 04/24/2018
Secondary Date: 12/12/2018
Wtd Avg Maturity: 0.9
ELTR Life: 0.9
Tax Structure: Regulated Investment Company
Initial Offer Price: $1,030.3000
NAV(*): $763.2800
POP(*): Not Avail
PAR(*): $774.2000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 05/20/2024 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.

 Income Information
CUSIP Frequency / Distributions Accrued Interest Estimated Annual Income Estimated Current Return Estimated Long Term Return
30308B820 Monthly $1.0200 $30.4100

 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
Call Date
042735BE9 225,000 ARROW ELECTRONICS INC 4%, due 04/01/2025  BBB-   4.00000 04/01/2025M 01/01/2025 100.0000
05329WAM4 50,000 AUTONATION INC 4.50%, due 10/01/2025  BBB-   4.50000 10/01/2025M 07/01/2025 100.0000
093662AG9 95,000 BLOCK FINANCIAL LLC 5.25%, due 10/01/2025  BBB   5.25000 10/01/2025M 07/01/2025 100.0000
11134LAP4 185,000 BROADCOM CRP / CAYMN FI 3.125%, due 01/15/2025  BBB   3.12500 01/15/2025M 10/15/2024 100.0000
161175AY0 100,000 CHARTER COMM OPT LLC/CAP 4.908%, due 07/23/2025  BBB-   4.90800 07/23/2025M 04/23/2025 100.0000
172967JT9 100,000 CITIGROUP INC N/C, 4.40%, due 06/10/2025  BBB   4.40000 06/10/2025M    
25152RXA6 105,000 DEUTSCHE BANK AG LONDON N/C, 3.70%, due 05/30/2024  BBB   3.70000 05/30/2024M    
37045XAZ9 175,000 GENERAL MOTORS FINL CO 4.30%, due 07/13/2025  BBB   4.30000 07/13/2025M 04/13/2025 100.0000
59151KAK4 100,000 METHANEX CORP 4.25%, due 12/01/2024  BB   4.25000 12/01/2024M 09/01/2024 100.0000
681936BH2 225,000 OMEGA HLTHCARE INVESTORS 5.25%, due 01/15/2026  BBB-   5.25000 01/15/2026M 10/15/2025 100.0000
72650RBJ0 100,000 PLAINS ALL AMER PIPELINE 4.65%, due 10/15/2025  BBB   4.65000 10/15/2025M 07/15/2025 100.0000
81180WAL5 125,000 SEAGATE HDD CAYMAN 4.75%, due 01/01/2025  BB   4.75000 01/01/2025M    
N8438JAA6 90,000 SUZANO INTL FINANCE BV 4%, due 01/14/2025  BBB-   4.00000 01/14/2025M 11/14/2024 100.0000
87165BAG8 100,000 SYNCHRONY FINANCIAL 4.50%, due 07/23/2025  BBB-   4.50000 07/23/2025M 04/23/2025 100.0000
189754AA2 150,000 TAPESTRY INC 4.25%, due 04/01/2025  BBB   4.25000 04/01/2025M 01/01/2025 100.0000
96949LAB1 115,000 WILLIAMS PARTNERS LP 4%, due 09/15/2025  BBB   4.00000 09/15/2025M 06/15/2025 100.0000
Total Number of Holdings:    16

Risk Considerations

Corporate Bond Risk. An investment in a portfolio containing corporate bonds is subject to certain risks, including higher interest rates, economic recession, deterioration of the bond market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

Buy & Hold Risk – Tax-Free Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity.

COVID-19 Economic Impact Risk. The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

Emerging Markets Risk. Risks associated with investing in non-U.S. securities may be more pronounced in emerging and developing markets where the securities markets are substantially smaller, less developed, less liquid, less regulated, and more volatile than the U.S. and developed non-U.S. markets.

Foreign Securities Risk. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. 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.

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.

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.

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 cybersecurity.

Estimated current return is determined by dividing a Trust's estimated net annual interest income per unit by the public offering price per unit. Estimated long-term return is a measure of the estimated return over the estimated life of a Trust. Unlike estimated current return, estimated long-term return reflects maturities, estimated principal prepayments, Trust charges and expenses, and discounts and premiums of securities in a Trust. Returns and prices will fluctuate. Consult a prospectus for a more complete description of the estimated current return and estimated long-term return calculations.

Some of the information may have been obtained from third parties, including ratings from credit ratings agencies such as Standard & Poor's. Reproduction and distribution of third party content in any form is prohibited except with the prior written permission of the related third party. Third party content providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such content. THIRD PARTY CONTENT PROVIDERS GIVE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. THIRD PARTY CONTENT PROVIDERS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPESATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, OR LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS) IN CONNECTION WITH ANY USE OF THEIR CONTENT, INCLUDING RATINGS. Credit ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the suitability of securities or the suitability of securities for investment purposes, and should not be relied on as investment advice. Please see the prospectus for a full description of the bond ratings.

You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial professional 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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30308B820 (Cash)
30308B838 (Cash-Wrap)
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 professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.