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75/25 Strategic Allocation, 2nd Qtr 2019  Ticker: FLNQZX
 
Description
A unit investment trust which seeks the potential for above-average total return by investing approximately 75% of its assets in common stocks which are selected by applying a disciplined investment strategy and 25% of its assets in exchange-traded funds which invest in fixed-income securities.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: 7S2Q19
Portfolio Status: Secondary
Initial Offer Date: 04/11/2019
Secondary Date: 05/13/2019
Portfolio Ending Date: 07/16/2020
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.3897
POP(*): $10.5319
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 11/19/2019 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 11/19/2019) Per Unit (as of 11/18/2019)
2.17% $0.22830
^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  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 Vanguard Long-Term Corporate Bond ETF VCLT 1.15%
 iShares Long-Term Corporate Bond ETF IGLB 1.15%
 iShares Intermediate-Term Corporate Bond ETF IGIB 1.11%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 1.05%
 First Trust Tactical High Yield ETF HYLS 1.05%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 1.04%
 Invesco Senior Loan ETF BKLN 1.03%
 Highland/iBoxx Senior Loan ETF SNLN 1.03%
 SPDR Portfolio TIPS ETF SPIP 0.96%
 SPDR Wells Fargo Preferred Stock ETF PSK 0.96%
 Vanguard Mortgage-Backed Securities ETF VMBS 0.96%
 Schwab U.S. TIPS ETF SCHP 0.96%
 iShares JPMorgan USD Emerging Markets Bond ETF EMB 0.95%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 0.95%
 iShares iBoxx $ High Yield Corporate Bond ETF HYG 0.94%
 First Trust Low Duration Opportunities ETF LMBS 0.94%
 First Trust Senior Loan Fund FTSL 0.93%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 0.90%
 Applied Materials, Inc. AMAT 0.87%
 Lam Research Corporation LRCX 0.87%
 iShares 7-10 Year Treasury Bond ETF IEF 0.86%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 0.86%
 KLA Corporation KLAC 0.85%
 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 0.85%
 First Trust Preferred Securities and Income ETF FPE 0.85%
 iShares International Aggregate Bond ETF IAGG 0.84%
 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP 0.83%
 SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 0.82%
 Target Corporation TGT 0.81%
 Dollar General Corporation DG 0.77%
 Northrop Grumman Corporation NOC 0.76%
 The Walt Disney Company DIS 0.74%
 Tyson Foods, Inc. (Class A) TSN 0.74%
 The Hershey Company HSY 0.74%
 Air Products and Chemicals, Inc. APD 0.74%
 Bristol-Myers Squibb Company BMY 0.73%
 AT&T Inc. T 0.73%
 Cintas Corporation CTAS 0.73%
 Costco Wholesale Corporation COST 0.72%
 Raytheon Company RTN 0.72%
 NextEra Energy, Inc. NEE 0.71%
 Prologis, Inc. PLD 0.71%
 Sysco Corporation SYY 0.70%
 Phillips 66 PSX 0.70%
 The Allstate Corporation ALL 0.69%
 T. Rowe Price Group, Inc. TROW 0.69%
 The Procter & Gamble Company PG 0.68%
 Eversource Energy ES 0.68%
 The Estee Lauder Companies Inc. EL 0.68%
 Motorola Solutions, Inc. MSI 0.67%
 Micron Technology, Inc. MU 0.67%
 Ross Stores, Inc. ROST 0.67%
 Valero Energy Corporation VLO 0.67%
 Northern Trust Corporation NTRS 0.66%
 Cummins Inc. CMI 0.66%
 Walgreens Boots Alliance, Inc. WBA 0.66%
 AutoZone, Inc. AZO 0.65%
 Fastenal Company FAST 0.65%
 Southwest Airlines Co. LUV 0.65%
 ASML Holding N.V. ASML 0.65%
 Facebook, Inc. (Class A) FB 0.65%
 UnitedHealth Group Incorporated UNH 0.64%
 Xcel Energy Inc. XEL 0.64%
 Waste Management, Inc. WM 0.64%
 PepsiCo, Inc. PEP 0.64%
 The TJX Companies, Inc. TJX 0.64%
 NTT DOCOMO, Inc. (ADR) DCMYY 0.63%
 Intel Corporation INTC 0.61%
 Stryker Corporation SYK 0.61%
 Consolidated Edison, Inc. ED 0.61%
 Best Buy Co., Inc. BBY 0.61%
 Hormel Foods Corporation HRL 0.60%
 Texas Instruments Incorporated TXN 0.60%
 HCA Healthcare, Inc. HCA 0.59%
 The Progressive Corporation PGR 0.58%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.58%
 Public Storage PSA 0.57%
 Nucor Corporation NUE 0.56%
 NXP Semiconductors N.V. NXPI 0.56%
 PayPal Holdings, Inc. PYPL 0.56%
 Toyota Motor Corporation (ADR) TM 0.55%
 Chevron Corporation CVX 0.55%
 LVMH Moet Hennessy Louis Vuitton SE (ADR) LVMUY 0.55%
 Hitachi, Ltd. (ADR) HTHIY 0.54%
 Constellation Brands, Inc. (Class A) STZ 0.54%
 Linde Plc LIN 0.54%
 Accenture Plc ACN 0.53%
 Novo Nordisk A/S (ADR) NVO 0.52%
 NIDEC Corporation (ADR) NJDCY 0.51%
 AXA S.A. (ADR) AXAHY 0.50%
 Cognizant Technology Solutions Corporation CTSH 0.50%
 Royal Bank of Canada RY 0.50%
 National Grid Plc (ADR) NGG 0.50%
 L'Oreal S.A. (ADR) LRLCY 0.50%
 Twitter, Inc. TWTR 0.50%
 Exxon Mobil Corporation XOM 0.49%
 The Toronto-Dominion Bank TD 0.49%
 Dassault Systemes S.E. (ADR) DASTY 0.49%
 Regeneron Pharmaceuticals, Inc. REGN 0.48%
 Honda Motor Co., Ltd. (ADR) HMC 0.48%
 Allianz SE (ADR) AZSEY 0.48%
 Engie S.A. (ADR) ENGIY 0.48%
 Canon Inc. (ADR) CAJ 0.45%
 Total S.A. (ADR) TOT 0.44%
 British American Tobacco Plc (ADR) BTI 0.43%
 Royal Dutch Shell Plc (ADR) RDS/A 0.43%
 Anglo American Plc (ADR) NGLOY 0.42%
 Eni SpA (ADR) E 0.41%
 BP Plc (ADR) BP 0.40%
 Rio Tinto Plc (ADR) RIO 0.40%
 Ulta Beauty, Inc. ULTA 0.40%
 Continental AG (ADR) CTTAY 0.39%
 Concho Resources Inc. CXO 0.38%
 Nissan Motor Co., Ltd. (ADR) NSANY 0.35%
 Occidental Petroleum Corporation OXY 0.34%
 MarketAxess Holdings Inc. MKTX 0.34%
 Owens Corning OC 0.31%
 CDW Corporation CDW 0.31%
 Burlington Stores, Inc. BURL 0.31%
 Reliance Steel & Aluminum Co. RS 0.30%
 Watsco, Inc. WSO 0.30%
 Tech Data Corporation TECD 0.29%
 NVR, Inc. NVR 0.29%
 D.R. Horton, Inc. DHI 0.29%
 Brixmor Property Group Inc. BRX 0.29%
 Fidelity National Financial, Inc. FNF 0.29%
 Lennar Corporation LEN 0.28%
 EMCOR Group, Inc. EME 0.28%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.28%
 Entegris, Inc. ENTG 0.28%
 Skechers U.S.A., Inc. SKX 0.28%
 Morningstar, Inc. MORN 0.28%
 PS Business Parks, Inc. PSB 0.28%
 MKS Instruments, Inc. MKSI 0.27%
 SYNNEX Corporation SNX 0.27%
 First American Financial Corporation FAF 0.27%
 Zynga Inc. ZNGA 0.27%
 Lumentum Holdings Inc. LITE 0.27%
 Performance Food Group Company PFGC 0.27%
 ManpowerGroup Inc. MAN 0.26%
 Eagle Materials Inc. EXP 0.26%
 MAXIMUS, Inc. MMS 0.26%
 The Toro Company TTC 0.26%
 Skyworks Solutions, Inc. SWKS 0.26%
 CBRE Group, Inc. CBRE 0.26%
 Deckers Outdoor Corporation DECK 0.26%
 Medical Properties Trust, Inc. MPW 0.26%
 Knight-Swift Transportation Holdings Inc. KNX 0.26%
 Omnicom Group Inc. OMC 0.25%
 Quanta Services, Inc. PWR 0.25%
 Landstar System, Inc. LSTR 0.24%
 Erie Indemnity Company ERIE 0.24%
 Lancaster Colony Corporation LANC 0.23%
 Equity Commonwealth EQC 0.23%
 Expeditors International of Washington, Inc. EXPD 0.23%
 ALLETE, Inc. ALE 0.23%
 Bank OZK OZK 0.23%
 Sonoco Products Company SON 0.22%
 Arrow Electronics, Inc. ARW 0.22%
 The New York Times Company (Class A) NYT 0.22%
 Darden Restaurants, Inc. DRI 0.22%
 Steel Dynamics, Inc. STLD 0.22%
 MSC Industrial Direct Co., Inc. (Class A) MSM 0.22%
 Texas Roadhouse, Inc. TXRH 0.22%
 Columbia Sportswear Company COLM 0.21%
 Varian Medical Systems, Inc. VAR 0.21%
 F5 Networks, Inc. FFIV 0.20%
 Rollins, Inc. ROL 0.20%
 Parsley Energy, Inc. (Class A) PE 0.20%
 Cirrus Logic, Inc. CRUS 0.19%
 United Therapeutics Corporation UTHR 0.19%
 Universal Forest Products, Inc. UFPI 0.18%
 PVH Corp. PVH 0.18%
 Meritage Homes Corporation MTH 0.18%
 Lear Corporation LEA 0.18%
 TopBuild Corp. BLD 0.18%
 American Eagle Outfitters, Inc. AEO 0.17%
 ManTech International Corporation MANT 0.17%
 Cohen & Steers, Inc. CNS 0.17%
 UniFirst Corporation UNF 0.16%
 World Fuel Services Corporation INT 0.16%
 Aerojet Rocketdyne Holdings, Inc. AJRD 0.16%
 Steven Madden, Ltd. SHOO 0.16%
 FTI Consulting, Inc. FCN 0.16%
 Exelixis, Inc. EXEL 0.16%
 Cabot Oil & Gas Corporation COG 0.15%
 Walker & Dunlop, Inc. WD 0.15%
 Louisiana-Pacific Corporation LPX 0.14%
 Insight Enterprises, Inc. NSIT 0.14%
 Advanced Energy Industries, Inc. AEIS 0.14%
 Power Integrations, Inc. POWI 0.14%
 AMN Healthcare Services, Inc. AMN 0.14%
 Hub Group, Inc. HUBG 0.14%
 Spirit Realty Capital, Inc. SRC 0.14%
 Pattern Energy Group Inc. PEGI 0.14%
 Knowles Corporation KN 0.14%
 Werner Enterprises, Inc. WERN 0.13%
 Cracker Barrel Old Country Store, Inc. CBRL 0.13%
 Brady Corporation BRC 0.13%
 WD-40 Company WDFC 0.13%
 Sabra Health Care REIT, Inc. SBRA 0.13%
 Exponent, Inc. EXPO 0.13%
 Aaron's, Inc. AAN 0.13%
 TRI Pointe Group, Inc. TPH 0.13%
 Dillard's, Inc. (Class A) DDS 0.12%
 Sanmina Corporation SANM 0.12%
 Federated Investors, Inc. (Class B) FII 0.12%
 Dick's Sporting Goods, Inc. DKS 0.12%
 Franklin Electric Co., Inc. FELE 0.12%
 Rush Enterprises, Inc. (Class A) RUSHA 0.12%
 Inter Parfums, Inc. IPAR 0.12%
 Sally Beauty Holdings, Inc. SBH 0.12%
 CenterState Bank Corporation CSFL 0.12%
 Worthington Industries, Inc. WOR 0.11%
 Vishay Intertechnology, Inc. VSH 0.11%
 Urban Outfitters, Inc. URBN 0.11%
 NorthWestern Corporation NWE 0.11%
 Sprouts Farmers Market, Inc. SFM 0.11%
 Tandem Diabetes Care, Inc. TNDM 0.11%
 Xenia Hotels & Resorts, Inc. XHR 0.11%
 Apple Hospitality REIT, Inc. APLE 0.11%
 Evercore Inc. EVR 0.10%
 AVX Corporation AVX 0.09%
 CNX Resources Corporation CNX 0.09%
 Healthcare Services Group, Inc. HCSG 0.09%
 The Ensign Group, Inc. ENSG 0.09%
 Dorman Products, Inc. DORM 0.09%
 II-VI Incorporated IIVI 0.08%
 PDC Energy, Inc. PDCE 0.07%
 SRC Energy Inc. SRCI 0.07%
 Callon Petroleum Company CPE 0.06%
 Exact Sciences Corporation EXAS 0.06%
 Southwestern Energy Company SWN 0.05%
 Green Dot Corporation (Class A) GDOT 0.05%
 The Pennant Group, Inc. PNTG 0.02%
 
Total Number of Holdings:    235
Underlying Securities information represented above is as of 11/18/2019 but will vary with future fluctuations in the market.

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.

ETF Risk. ETFs 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 ETFs 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, ETFs frequently trade at a discount from their net asset value in the secondary market. Certain ETFs may 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.

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.

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.

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.

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.

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.

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 cybersecurity.

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
302651666 (Cash)
302651674 (Reinvest)
302651682 (Cash-Fee)
302651690 (Reinvest-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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