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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(*): $9.5272
POP(*): $9.6575
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 05/24/2019 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 5/24/2019) Per Unit (as of 5/24/2019)
2.35% $0.22700
^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
 iShares Intermediate-Term Corporate Bond ETF IGIB 1.16%
 iShares Long-Term Corporate Bond ETF IGLB 1.16%
 Vanguard Long-Term Corporate Bond ETF VCLT 1.15%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 1.15%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 1.14%
 Invesco Senior Loan ETF BKLN 1.14%
 First Trust Tactical High Yield ETF HYLS 1.14%
 Highland/iBoxx Senior Loan ETF SNLN 1.14%
 SPDR Bloomberg Barclays TIPS ETF IPE 1.03%
 SPDR Wells Fargo Preferred Stock ETF PSK 1.03%
 Vanguard Mortgage-Backed Securities ETF VMBS 1.03%
 Schwab U.S. TIPS ETF SCHP 1.03%
 iShares JPMorgan USD Emerging Markets Bond ETF EMB 1.02%
 First Trust Senior Loan Fund FTSL 1.02%
 First Trust Low Duration Opportunities ETF LMBS 1.02%
 SPDR Bloomberg Barclays Mortgage Backed Bond ETF MBG 1.02%
 iShares iBoxx $ High Yield Corporate Bond ETF HYG 1.01%
 iShares 7-10 Year Treasury Bond ETF IEF 0.90%
 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 0.90%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 0.90%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 0.90%
 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP 0.90%
 iShares International Aggregate Bond ETF IAGG 0.90%
 First Trust Preferred Securities and Income ETF FPE 0.89%
 SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 0.87%
 The Walt Disney Company DIS 0.73%
 Tyson Foods, Inc. (Class A) TSN 0.73%
 The Hershey Company HSY 0.72%
 The Progressive Corporation PGR 0.72%
 Northrop Grumman Corporation NOC 0.72%
 Sysco Corporation SYY 0.71%
 Cintas Corporation CTAS 0.69%
 Public Storage PSA 0.69%
 Twitter, Inc. TWTR 0.69%
 Xcel Energy Inc. XEL 0.68%
 NextEra Energy, Inc. NEE 0.68%
 Eversource Energy ES 0.68%
 PepsiCo, Inc. PEP 0.68%
 Air Products and Chemicals, Inc. APD 0.68%
 Motorola Solutions, Inc. MSI 0.67%
 Consolidated Edison, Inc. ED 0.67%
 Waste Management, Inc. WM 0.67%
 Constellation Brands, Inc. (Class A) STZ 0.67%
 Bristol-Myers Squibb Company BMY 0.65%
 AT&T Inc. T 0.65%
 The Procter & Gamble Company PG 0.65%
 The Allstate Corporation ALL 0.65%
 Prologis, Inc. PLD 0.65%
 Raytheon Company RTN 0.65%
 Facebook, Inc. (Class A) FB 0.65%
 PayPal Holdings, Inc. PYPL 0.65%
 UnitedHealth Group Incorporated UNH 0.64%
 Target Corporation TGT 0.64%
 Costco Wholesale Corporation COST 0.64%
 The Estee Lauder Companies Inc. EL 0.64%
 T. Rowe Price Group, Inc. TROW 0.64%
 Dollar General Corporation DG 0.64%
 AutoZone, Inc. AZO 0.63%
 Cummins Inc. CMI 0.63%
 Hormel Foods Corporation HRL 0.62%
 Northern Trust Corporation NTRS 0.62%
 Southwest Airlines Co. LUV 0.62%
 Fastenal Company FAST 0.61%
 Lam Research Corporation LRCX 0.61%
 The TJX Companies, Inc. TJX 0.61%
 Ross Stores, Inc. ROST 0.61%
 Stryker Corporation SYK 0.60%
 Applied Materials, Inc. AMAT 0.60%
 Chevron Corporation CVX 0.60%
 Walgreens Boots Alliance, Inc. WBA 0.60%
 Ulta Beauty, Inc. ULTA 0.60%
 Texas Instruments Incorporated TXN 0.59%
 Concho Resources Inc. CXO 0.59%
 Exxon Mobil Corporation XOM 0.58%
 NTT DOCOMO, Inc. (ADR) DCMYY 0.58%
 HCA Healthcare, Inc. HCA 0.58%
 Best Buy Co., Inc. BBY 0.57%
 Nucor Corporation NUE 0.56%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.56%
 Valero Energy Corporation VLO 0.55%
 KLA-Tencor Corporation KLAC 0.54%
 Cognizant Technology Solutions Corporation CTSH 0.53%
 Phillips 66 PSX 0.53%
 Linde Plc LIN 0.53%
 Micron Technology, Inc. MU 0.52%
 The Toronto-Dominion Bank TD 0.52%
 Accenture Plc ACN 0.52%
 Dassault Systemes S.E. (ADR) DASTY 0.52%
 Intel Corporation INTC 0.51%
 Hitachi, Ltd. (ADR) HTHIY 0.51%
 Royal Bank of Canada RY 0.51%
 Occidental Petroleum Corporation OXY 0.51%
 L'Oreal S.A. (ADR) LRLCY 0.51%
 LVMH Moet Hennessy Louis Vuitton SE (ADR) LVMUY 0.51%
 Toyota Motor Corporation (ADR) TM 0.50%
 Allianz SE (ADR) AZSEY 0.50%
 ASML Holding N.V. ASML 0.49%
 AXA S.A. (ADR) AXAHY 0.49%
 Canon Inc. (ADR) CAJ 0.49%
 Rio Tinto Plc (ADR) RIO 0.49%
 Royal Dutch Shell Plc (ADR) RDS/A 0.49%
 Total S.A. (ADR) TOT 0.48%
 Regeneron Pharmaceuticals, Inc. REGN 0.48%
 British American Tobacco Plc (ADR) BTI 0.48%
 Novo Nordisk A/S (ADR) NVO 0.48%
 National Grid Plc (ADR) NGG 0.48%
 NIDEC Corporation (ADR) NJDCY 0.48%
 NXP Semiconductors N.V. NXPI 0.48%
 BP Plc (ADR) BP 0.47%
 Engie S.A. (ADR) ENGIY 0.47%
 Honda Motor Co., Ltd. (ADR) HMC 0.46%
 Eni SpA (ADR) E 0.45%
 Continental AG (ADR) CTTAY 0.43%
 Anglo American Plc (ADR) NGLOY 0.43%
 Nissan Motor Co., Ltd. (ADR) NSANY 0.41%
 Erie Indemnity Company ERIE 0.29%
 ManpowerGroup Inc. MAN 0.28%
 NVR, Inc. NVR 0.28%
 EMCOR Group, Inc. EME 0.28%
 Watsco, Inc. WSO 0.28%
 PS Business Parks, Inc. PSB 0.28%
 Zynga Inc. ZNGA 0.28%
 Omnicom Group Inc. OMC 0.27%
 Morningstar, Inc. MORN 0.27%
 MarketAxess Holdings Inc. MKTX 0.27%
 Bank OZK OZK 0.27%
 Sonoco Products Company SON 0.26%
 The New York Times Company (Class A) NYT 0.26%
 Eagle Materials Inc. EXP 0.26%
 Darden Restaurants, Inc. DRI 0.26%
 D.R. Horton, Inc. DHI 0.26%
 MAXIMUS, Inc. MMS 0.26%
 Lennar Corporation LEN 0.26%
 ALLETE, Inc. ALE 0.26%
 Deckers Outdoor Corporation DECK 0.26%
 First American Financial Corporation FAF 0.26%
 CDW Corporation CDW 0.26%
 FNF Group FNF 0.26%
 Performance Food Group Company PFGC 0.26%
 Equity Commonwealth EQC 0.25%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.25%
 Medical Properties Trust, Inc. MPW 0.25%
 Owens Corning OC 0.25%
 Burlington Stores, Inc. BURL 0.25%
 Brixmor Property Group Inc. BRX 0.25%
 Parsley Energy, Inc. (Class A) PE 0.25%
 Lancaster Colony Corporation LANC 0.24%
 Landstar System, Inc. LSTR 0.24%
 The Toro Company TTC 0.24%
 Columbia Sportswear Company COLM 0.24%
 Cabot Oil & Gas Corporation COG 0.24%
 Reliance Steel & Aluminum Co. RS 0.24%
 CBRE Group, Inc. CBRE 0.24%
 SYNNEX Corporation SNX 0.24%
 Expeditors International of Washington, Inc. EXPD 0.23%
 MSC Industrial Direct Co., Inc. (Class A) MSM 0.23%
 Quanta Services, Inc. PWR 0.23%
 Entegris, Inc. ENTG 0.23%
 Varian Medical Systems, Inc. VAR 0.23%
 Rollins, Inc. ROL 0.23%
 Knight-Swift Transportation Holdings Inc. KNX 0.23%
 Tech Data Corporation TECD 0.22%
 American Eagle Outfitters, Inc. AEO 0.22%
 Skechers U.S.A., Inc. SKX 0.22%
 Exelixis, Inc. EXEL 0.22%
 Texas Roadhouse, Inc. TXRH 0.22%
 F5 Networks, Inc. FFIV 0.21%
 PVH Corp. PVH 0.21%
 Lear Corporation LEA 0.21%
 Arrow Electronics, Inc. ARW 0.20%
 Steel Dynamics, Inc. STLD 0.20%
 MKS Instruments, Inc. MKSI 0.20%
 Skyworks Solutions, Inc. SWKS 0.20%
 United Therapeutics Corporation UTHR 0.20%
 Lumentum Holdings Inc. LITE 0.19%
 Aerojet Rocketdyne Holdings, Inc. AJRD 0.15%
 Cohen & Steers, Inc. CNS 0.15%
 Cracker Barrel Old Country Store, Inc. CBRL 0.14%
 UniFirst Corporation UNF 0.14%
 Universal Forest Products, Inc. UFPI 0.14%
 Meritage Homes Corporation MTH 0.14%
 ManTech International Corporation MANT 0.14%
 The Ensign Group, Inc. ENSG 0.14%
 TopBuild Corp. BLD 0.14%
 International Speedway Corporation ISCA 0.13%
 FTI Consulting, Inc. FCN 0.13%
 AMN Healthcare Services, Inc. AMN 0.13%
 NorthWestern Corporation NWE 0.13%
 Sabra Health Care REIT, Inc. SBRA 0.13%
 Exponent, Inc. EXPO 0.13%
 Aaron's, Inc. AAN 0.13%
 Walker & Dunlop, Inc. WD 0.13%
 Spirit Realty Capital, Inc. SRC 0.13%
 Tandem Diabetes Care, Inc. TNDM 0.13%
 Xenia Hotels & Resorts, Inc. XHR 0.13%
 Apple Hospitality REIT, Inc. APLE 0.13%
 Worthington Industries, Inc. WOR 0.12%
 Sanmina Corporation SANM 0.12%
 Brady Corporation BRC 0.12%
 Louisiana-Pacific Corporation LPX 0.12%
 World Fuel Services Corporation INT 0.12%
 Insight Enterprises, Inc. NSIT 0.12%
 Advanced Energy Industries, Inc. AEIS 0.12%
 Power Integrations, Inc. POWI 0.12%
 Cirrus Logic, Inc. CRUS 0.12%
 Federated Investors, Inc. (Class B) FII 0.12%
 Steven Madden, Ltd. SHOO 0.12%
 WD-40 Company WDFC 0.12%
 Hub Group, Inc. HUBG 0.12%
 Healthcare Services Group, Inc. HCSG 0.12%
 CenterState Bank Corporation CSFL 0.12%
 TRI Pointe Group, Inc. TPH 0.12%
 Sprouts Farmers Market, Inc. SFM 0.12%
 Pattern Energy Group Inc. PEGI 0.12%
 Werner Enterprises, Inc. WERN 0.11%
 AVX Corporation AVX 0.11%
 Dick's Sporting Goods, Inc. DKS 0.11%
 Franklin Electric Co., Inc. FELE 0.11%
 Rush Enterprises, Inc. (Class A) RUSHA 0.11%
 Inter Parfums, Inc. IPAR 0.11%
 Callon Petroleum Company CPE 0.11%
 Sally Beauty Holdings, Inc. SBH 0.11%
 Dorman Products, Inc. DORM 0.11%
 Evercore Inc. EVR 0.11%
 SRC Energy Inc. SRCI 0.11%
 Knowles Corporation KN 0.11%
 Dillard's, Inc. (Class A) DDS 0.10%
 Vishay Intertechnology, Inc. VSH 0.10%
 II-VI Incorporated IIVI 0.10%
 Southwestern Energy Company SWN 0.10%
 Genomic Health, Inc. GHDX 0.10%
 Green Dot Corporation (Class A) GDOT 0.10%
 Urban Outfitters, Inc. URBN 0.09%
 CNX Resources Corporation CNX 0.09%
 PDC Energy, Inc. PDCE 0.09%
 
Total Number of Holdings:    235
Underlying Securities information represented above is as of 05/24/2019 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 July 19, 2019
$0.04500 August 20, 2019
$0.04500 September 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.

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 cyber security.

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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