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Capital Strength Buy-Write, 44  Ticker: FTKLBX
 
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 of well-capitalized companies with strong market positions. 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: CSBW44
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: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $10.0924
POP(*): $10.3247
Remaining Deferred Sales Charge: $0.1500
* As of Trade Date: 07/15/2019 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 7/15/2019) Per Unit (as of 7/15/2019)
1.25% $0.12950
^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 13.89%
Consumer Discretionary  Consumer Discretionary 15.02%
Consumer Staples  Consumer Staples 8.09%
Energy  Energy 8.31%
Financials  Financials 0.00%
Health Care  Health Care 9.47%
Industrials  Industrials 21.60%
Information Technology  Information Technology 24.76%
Materials  Materials 3.41%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
 
  Large Mid Small  
Growth  67.67% 0.00% 0.00%  
Value  33.47% 3.41% 0.00%  

 Style Weighting
Large-Cap Growth 67.67%
Large-Cap Value 33.47%
Mid-Cap Growth 0.00%
Mid-Cap Value 3.41%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.00%
 Composition
U.S. Stocks 104.55%   Bonds/Cash or Cash Equivalents 4.47%
Non-U.S. Stocks 0.00%   Other -9.02%
The style and sector characteristics of the portfolio are determined as of 07/12/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 5.39%
 The Walt Disney Company DIS Communication Services  Communication Services Large-Cap Value 5.38%
 Ross Stores, Inc. ROST Consumer Discretionary  Consumer Discretionary Large-Cap Growth 5.23%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 5.16%
 Facebook, Inc. (Class A) FB Communication Services  Communication Services Large-Cap Growth 5.06%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 5.02%
 The Estee Lauder Companies Inc. EL Consumer Staples  Consumer Staples Large-Cap Growth 4.61%
 Delta Air Lines, Inc. DAL Industrials  Industrials Large-Cap Value 4.56%
 EOG Resources, Inc. EOG Energy  Energy Large-Cap Value 4.49%
 Raytheon Company RTN Industrials  Industrials Large-Cap Value 4.42%
 NIKE, Inc. (Class B) NKE Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.40%
 Union Pacific Corporation UNP Industrials  Industrials Large-Cap Growth 4.30%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Value 4.22%
 Northrop Grumman Corporation NOC Industrials  Industrials Large-Cap Growth 4.10%
 Adobe Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 3.85%
 ConocoPhillips COP Energy  Energy Large-Cap Value 3.82%
 Intel Corporation INTC Information Technology  Information Technology Large-Cap Value 3.70%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 3.55%
 Costco Wholesale Corporation COST Consumer Staples  Consumer Staples Large-Cap Growth 3.48%
 Mastercard Incorporated MA Information Technology  Information Technology Large-Cap Growth 3.48%
 Electronic Arts Inc. EA Communication Services  Communication Services Large-Cap Growth 3.45%
 Nucor Corporation NUE Materials  Materials Mid-Cap Value 3.41%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Growth 3.31%
 Bristol-Myers Squibb Company BMY Health Care  Health Care Large-Cap Growth 3.28%
 Biogen Inc. BIIB Health Care  Health Care Large-Cap Value 2.88%
 2021-01-15 Bristol-Myers Squibb Company C 62.50        -0.05%
 2021-01-15 Biogen Inc. C 390        -0.09%
 2021-01-15 Nucor Corporation C 72.50        -0.11%
 2021-01-15 Intel Corporation C 65        -0.12%
 2021-01-15 ConocoPhillips C 82.50        -0.12%
 2021-01-15 UnitedHealth Group Incorporated C 310        -0.18%
 2021-01-15 Raytheon Company C 220        -0.18%
 2021-01-15 Union Pacific Corporation C 200        -0.26%
 2021-01-15 NIKE, Inc. (Class B) C 105        -0.27%
 2021-01-15 Costco Wholesale Corporation C 290        -0.29%
 2021-01-15 Cummins Inc. C 190        -0.29%
 2021-01-15 Broadcom Inc. C 330        -0.29%
 2021-01-15 Electronic Arts Inc. C 120        -0.31%
 2021-01-15 EOG Resources, Inc. C 110        -0.42%
 2021-01-15 Northrop Grumman Corporation C 335        -0.44%
 2021-01-15 Apple Inc. C 220        -0.44%
 2021-01-15 Mastercard Incorporated C 280        -0.44%
 2021-01-15 The Estee Lauder Companies Inc. C 195        -0.47%
 2021-01-15 The Home Depot, Inc. C 220        -0.49%
 2021-01-15 Adobe Incorporated C 320        -0.53%
 2021-01-15 Delta Air Lines, Inc. C 62.50        -0.57%
 2021-01-15 Microsoft Corporation C 140        -0.58%
 2021-01-15 Ross Stores, Inc. C 110        -0.61%
 2021-01-15 Facebook, Inc. (Class A) C 210        -0.73%
 2021-01-15 The Walt Disney Company C 140        -0.74%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 1.375%, due 03/31/2020
1.49%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 1.875%, due 12/31/2019
1.49%
 Name of Issuer and Title of Treasury Obligation
 U.S. Treasury Note, 1.75%, due 09/30/2019
1.49%
 
Total Number of Holdings:    53
Underlying Securities information represented above is as of 07/12/2019 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.

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.

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.

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
30310V467 (Cash)
30310V475 (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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