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S&P Dividend Aristocrats Buy-Write, 5  Ticker: FZRUNX
 
Description
A unit investment trust that seeks income, with capital appreciation as a secondary objective. The trust invests in a fixed portfolio of U.S. Treasury securities and common stocks which are selected from the S&P 500 Dividend Aristocrats Index. The common stocks will be subject to a Long-Term Equity AnticiPation Securities (LEAPS®) call option against each position.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: ARBW5
Portfolio Status: Secondary
Initial Offer Date: 03/14/2019
Secondary Date: 06/03/2019
Portfolio Ending Date: 01/20/2021
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.8665
POP(*): $10.0936
Remaining Deferred Sales Charge: $0.1500
* As of Trade Date: 06/19/2019 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.

 Historical 12-Month Distribution of Trust Holdings:^
Rate (as of 6/19/2019) Per Unit (as of 6/17/2019)
2.54% $0.25670
^There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical 12-month distribution per unit and historical 12-month distribution rate of the securities included in the trust are for illustrative purposes only and are not indicative of the trust's distribution or distribution rate. The historical 12-month distribution per unit is based on the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio. The historical 12-month distribution rate is calculated by dividing the historical 12-month distributions by the trust's offering price. The historical 12-month distribution and rate are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. PLEASE NOTE: For trusts that hold preferred securities, the historical distribution rate is calculated using only the holdings that have 12 months of distribution history. Any holdings without a 12 month history of dividends were excluded from the calculation. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit and 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 Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 4.19%
Consumer Discretionary  Consumer Discretionary 18.32%
Consumer Staples  Consumer Staples 30.32%
Energy  Energy 7.07%
Financials  Financials 0.00%
Health Care  Health Care 15.38%
Industrials  Industrials 17.76%
Information Technology  Information Technology 4.34%
Materials  Materials 3.39%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
 
  Large Mid Small  
Growth  59.19% 3.50% 0.20%  
Value  31.05% 6.83% 0.00%  

 Style Weighting
Large-Cap Growth 59.19%
Large-Cap Value 31.05%
Mid-Cap Growth 3.50%
Mid-Cap Value 6.83%
Small-Cap Growth 0.20%
Small-Cap Value 0.00%
Undetermined 0.00%
 Composition
U.S. Stocks 100.77%   Bonds/Cash or Cash Equivalents 3.81%
Non-U.S. Stocks 0.00%   Other -4.58%
The style and sector characteristics of the portfolio are determined as of 06/18/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 McDonald's Corporation MCD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 5.27%
 Kimberly-Clark Corporation KMB Consumer Staples  Consumer Staples Large-Cap Growth 5.26%
 PepsiCo, Inc. PEP Consumer Staples  Consumer Staples Large-Cap Growth 5.11%
 Sysco Corporation SYY Consumer Staples  Consumer Staples Large-Cap Growth 4.62%
 V.F. Corporation VFC Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.55%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Value 4.47%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Value 4.46%
 Automatic Data Processing, Inc. ADP Information Technology  Information Technology Large-Cap Growth 4.34%
 Abbott Laboratories ABT Health Care  Health Care Large-Cap Growth 4.30%
 Walmart, Inc. WMT Consumer Staples  Consumer Staples Large-Cap Growth 4.24%
 AT&T Inc. T Communication Services  Communication Services Large-Cap Value 4.19%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 4.03%
 The Clorox Company CLX Consumer Staples  Consumer Staples Large-Cap Growth 3.96%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 3.90%
 Illinois Tool Works Inc. ITW Industrials  Industrials Large-Cap Growth 3.85%
 Lowe's Companies, Inc. LOW Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.84%
 Archer-Daniels-Midland Company ADM Consumer Staples  Consumer Staples Large-Cap Value 3.73%
 Stanley Black & Decker, Inc. SWK Industrials  Industrials Large-Cap Value 3.73%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 3.61%
 W.W. Grainger, Inc. GWW Industrials  Industrials Mid-Cap Growth 3.50%
 Cardinal Health, Inc. CAH Health Care  Health Care Mid-Cap Value 3.44%
 Walgreens Boots Alliance, Inc. WBA Consumer Staples  Consumer Staples Large-Cap Value 3.40%
 Nucor Corporation NUE Materials  Materials Mid-Cap Value 3.39%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 3.17%
 3M Company MMM Industrials  Industrials Large-Cap Growth 2.21%
 Kontoor Brands Inc. KTB Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.20%
 2021-01-15 3M Company C 250        -0.02%
 2021-01-15 Exxon Mobil Corporation C 100        -0.03%
 2021-01-15 Johnson & Johnson C 170        -0.06%
 2021-01-15 Archer-Daniels-Midland Company C 52.50        -0.07%
 2021-01-15 Nucor Corporation C 72.50        -0.08%
 2021-01-15 Chevron Corporation C 150        -0.08%
 2021-01-15 The Clorox Company C 195        -0.08%
 2021-01-15 Walgreens Boots Alliance, Inc. C 75        -0.09%
 2021-01-15 Cardinal Health, Inc. C 62.50        -0.09%
 2021-01-15 AT&T Inc. C 37        -0.14%
 2021-01-15 Illinois Tool Works Inc. C 175        -0.16%
 2021-01-15 W.W. Grainger, Inc. C 360        -0.16%
 2021-01-15 AbbVie Inc. C 95        -0.16%
 2021-01-15 Lowe's Companies, Inc. C 125        -0.19%
 2021-01-15 General Dynamics Corporation C 205        -0.19%
 2021-01-15 Abbott Laboratories C 95        -0.20%
 2021-01-15 Sysco Corporation C 80        -0.23%
 2021-01-15 Walmart, Inc. C 120        -0.25%
 2021-01-15 Stanley Black & Decker, Inc. C 160        -0.29%
 2021-01-15 PepsiCo, Inc. C 140        -0.29%
 2021-01-15 Automatic Data Processing, Inc. C 185        -0.29%
 2021-01-15 McDonald's Corporation C 220        -0.31%
 2021-01-15 V.F. Corporation C 105        -0.33%
 2021-01-15 Kimberly-Clark Corporation C 145        -0.37%
 2021-01-15 Target Corporation C 92.50        -0.42%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 1.25%, due 06/30/2019
0.96%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 1.875%, due 12/31/2019
0.95%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 1.75%, due 09/30/2019
0.95%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 1.375%, due 03/31/2020
0.95%
 
Total Number of Holdings:    55
Underlying Securities information represented above is as of 06/18/2019 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 June 20, 2019
$0.07500 July 19, 2019
$0.07500 August 20, 2019

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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

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.

Consumer Products Risk. The companies engaged in the consumer products sector are subject to global competition, changing government regulations and trade policies, currency fluctuations, and the financial and political risks inherent in producing products for foreign markets.

LEAPS Risk. The value of the LEAPS is deducted from the value of the portfolio assets when determining the value of a unit. As the value of the LEAPS increases, it has a more negative impact on the value of the units. The value of the LEAPS will also be affected by changes in the value and dividend rates of the underlying stocks, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the stocks and the remaining time to expiration. Additionally, the value of the LEAPS does not increase or decrease at the same rate as the underlying stock. However, as the LEAPS approach their expiration date, their value increasingly moves with the price of the stock.

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.

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.

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.

All data used for the sector and style classification comparisons is from Bloomberg Finance L.P, which we believe to be reliable, but do not take responsibility for its accuracy.

The style and capitalization characteristics used to describe the stocks are designed to help you understand how they fit into your overall investment plan. Due to changes in the value of the stocks the characteristics may vary over time. In general, growth stocks have high relative price-to-book ratios while value stocks have low relative price-to-book ratios. In determining market capitalization characteristics, we analyze the market capitalizations of the 3,000 largest stocks in the U.S. (excluding foreign securities, ADRs, limited partnerships and regulated investment companies) on a monthly basis. Companies with market capitalizations among the largest 10% are considered Large-Cap securities, the next 20% are considered Mid-Cap securities and the remaining securities are considered Small-Cap securities.

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
30310V483 (Cash)
30310V491 (Cash-Fee)
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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.
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