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Corporate Investment Grade Laddered, 8  Ticker: FZNQEX
 
Description
This unit investment trust seeks current income and capital preservation by investing in a laddered portfolio of investment grade corporate bonds.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: CLAD8
Portfolio Status: Primary
Initial Offer Date: 03/12/2019
Wtd Avg Maturity: 6.2
ELTR Life: 6.2
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,086.9500
NAV(*): $1,067.6100
POP(*): $1,094.7800
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 04/22/2019 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.

 Income Information
CUSIP Frequency / Distributions Accrued Interest Estimated Annual Income Estimated Current Return Estimated Long Term Return
30297W629 Monthly $1.7300 $44.2800 4.040% 2.827%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
03938LAZ7 200,000 ARCELORMITTAL 6.125%, due 06/01/2025  BBB-   6.12500 06/01/2025M    
06051GFS3 200,000 BANK OF AMERICA CORP 3.875%, due 08/01/2025  A-   3.87500 08/01/2025M    
05565QBU1 200,000 BP CAPITAL MARKETS PLC 3.561%, due 11/01/2021  A-   3.56100 11/01/2021M    
14913Q2S7 200,000 CATERPILLAR FINL SERVICE 3.65%, due 12/07/2023  A   3.65000 12/07/2023M    
208251AE8 200,000 CONOCO INC 6.95%, due 04/15/2029  A   6.95000 04/15/2029M    
26442UAH7 200,000 DUKE ENERGY PROGRESS LLC 3.45%, due 03/15/2029  A   3.45000 03/15/2029M 12/15/2028 100.0000
33938EAS6 200,000 FLEXTRONICS INTL LTD 5%, due 02/15/2023  BBB-   5.00000 02/15/2023M    
36962G6S8 200,000 GENERAL ELECTRIC CO N/C, 3.10%, due 01/09/2023  BBB+   3.10000 01/09/2023M    
375558AU7 200,000 GILEAD SCIENCES INC 4.40%, due 12/01/2021  A   4.40000 12/01/2021M 09/01/2021 100.0000
459200AR2 200,000 IBM CORP 6.22%, due 08/01/2027  A   6.22000 08/01/2027M    
459745GQ2 200,000 INTL LEASE FINANCE CORP N/C, 4.625%, due 04/15/2021  BBB-   4.62500 04/15/2021M    
472319AE2 200,000 JEFFERIES GROUP LLC 6.45%, due 06/08/2027  BBB-   6.45000 06/08/2027M    
46625HHZ6 200,000 JPMORGAN CHASE & CO N/C, 4.625%, due 05/10/2021  A-   4.62500 05/10/2021M    
606822BA1 200,000 MITSUBISHI UFJ FIN GRP N/C, 3.761%, due 07/26/2023  A-   3.76100 07/26/2023M    
620076AH2 200,000 MOTOROLA SOLUTIONS INC 7.50%, due 05/15/2025  BBB-   7.50000 05/15/2025M    
654894AF1 200,000 NOBLE ENERGY INC N/C, 8%, due 04/01/2027  BBB   8.00000 04/01/2027M    
717081ET6 200,000 PFIZER INC 3.45%, due 03/15/2029  AA   3.45000 03/15/2029M 12/15/2028 100.0000
718172BQ1 200,000 PHILIP MORRIS INTL INC 3.375%, due 08/11/2025  A   3.37500 08/11/2025M 05/11/2025 100.0000
773903AH2 200,000 ROCKWELL AUTOMATION 3.50%, due 03/01/2029  A   3.50000 03/01/2029M 12/01/2028 100.0000
86562MAV2 200,000 SUMITOMO MITSUI FINL GRP N/C, 3.352%, due 10/18/2027  A-   3.35200 10/18/2027M    
91324PDE9 200,000 UNITEDHEALTH GROUP INC 2.95%, due 10/15/2027  A+   2.95000 10/15/2027M    
94974BGP9 200,000 WELLS FARGO & COMPANY 3.55%, due 09/29/2025  A-   3.55000 09/29/2025M    
961214DZ3 200,000 WESTPAC BANKING CORP N/C, 3.65%, due 05/15/2023  AA-   3.65000 05/15/2023M    
963320AW6 200,000 WHIRLPOOL CORP 4.75%, due 02/26/2029  BBB   4.75000 02/26/2029M 11/26/2028 100.0000
969457BG4 200,000 WILLIAMS COS INC 7.875%, due 09/01/2021  BBB   7.87500 09/01/2021M    
 
Total Number of Holdings:    25


 Standard Account Sales Charges *
Transactional sales charges: Initial:  2.50%
  Deferred:  0.00%
Maximum Sales Charge:   2.50%
CUSIP Type Distribution
30297W629 Cash Monthly
* Based on the offer price as of 04/22/2019 4:00pm ET

 Fee/Wrap Account Sales Charges *
Maximum Sales Charge:   0.60%
CUSIP Type Distribution
30297W637 Cash-Wrap Monthly
* Based on the Fee/Wrap Account price as of 04/22/2019 4:00pm ET
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

Risk Considerations

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.

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

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.

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 cyber security.

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 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
30297W629 (Cash)
30297W637 (Cash-Wrap)
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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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