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(*): $9.7673
POP(*): $9.9010
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 06/25/2019 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 6/25/2019) Per Unit (as of 6/24/2019)
2.31% $0.22920
^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 1.18%
 iShares Long-Term Corporate Bond ETF IGLB 1.17%
 iShares Intermediate-Term Corporate Bond ETF IGIB 1.16%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 1.13%
 Invesco Senior Loan ETF BKLN 1.11%
 First Trust Tactical High Yield ETF HYLS 1.11%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 1.11%
 Highland/iBoxx Senior Loan ETF SNLN 1.10%
 iShares JPMorgan USD Emerging Markets Bond ETF EMB 1.02%
 Schwab U.S. TIPS ETF SCHP 1.02%
 SPDR Bloomberg Barclays TIPS ETF IPE 1.01%
 SPDR Wells Fargo Preferred Stock ETF PSK 1.01%
 Vanguard Mortgage-Backed Securities ETF VMBS 1.01%
 SPDR Bloomberg Barclays Mortgage Backed Bond ETF MBG 1.01%
 iShares iBoxx $ High Yield Corporate Bond ETF HYG 1.00%
 First Trust Low Duration Opportunities ETF LMBS 1.00%
 First Trust Senior Loan Fund FTSL 0.99%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 0.92%
 iShares 7-10 Year Treasury Bond ETF IEF 0.90%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 0.90%
 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 0.89%
 iShares International Aggregate Bond ETF IAGG 0.89%
 First Trust Preferred Securities and Income ETF FPE 0.88%
 SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 0.88%
 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP 0.88%
 The Walt Disney Company DIS 0.75%
 The Hershey Company HSY 0.74%
 Northrop Grumman Corporation NOC 0.73%
 Air Products and Chemicals, Inc. APD 0.73%
 Motorola Solutions, Inc. MSI 0.72%
 Tyson Foods, Inc. (Class A) TSN 0.70%
 Cintas Corporation CTAS 0.70%
 Waste Management, Inc. WM 0.70%
 Dollar General Corporation DG 0.70%
 The Estee Lauder Companies Inc. EL 0.69%
 The Progressive Corporation PGR 0.69%
 Xcel Energy Inc. XEL 0.68%
 Eversource Energy ES 0.68%
 PepsiCo, Inc. PEP 0.68%
 Public Storage PSA 0.68%
 Prologis, Inc. PLD 0.68%
 NextEra Energy, Inc. NEE 0.67%
 Costco Wholesale Corporation COST 0.67%
 The Allstate Corporation ALL 0.67%
 The Procter & Gamble Company PG 0.66%
 Target Corporation TGT 0.66%
 Consolidated Edison, Inc. ED 0.66%
 Sysco Corporation SYY 0.66%
 Facebook, Inc. (Class A) FB 0.66%
 PayPal Holdings, Inc. PYPL 0.66%
 Stryker Corporation SYK 0.65%
 Cummins Inc. CMI 0.65%
 Ross Stores, Inc. ROST 0.65%
 AT&T Inc. T 0.64%
 AutoZone, Inc. AZO 0.64%
 T. Rowe Price Group, Inc. TROW 0.64%
 Raytheon Company RTN 0.63%
 Bristol-Myers Squibb Company BMY 0.62%
 UnitedHealth Group Incorporated UNH 0.62%
 Fastenal Company FAST 0.62%
 Applied Materials, Inc. AMAT 0.62%
 HCA Healthcare, Inc. HCA 0.62%
 Twitter, Inc. TWTR 0.62%
 Southwest Airlines Co. LUV 0.61%
 Texas Instruments Incorporated TXN 0.61%
 The TJX Companies, Inc. TJX 0.61%
 Chevron Corporation CVX 0.61%
 Ulta Beauty, Inc. ULTA 0.61%
 Hormel Foods Corporation HRL 0.60%
 Constellation Brands, Inc. (Class A) STZ 0.60%
 Walgreens Boots Alliance, Inc. WBA 0.60%
 Exxon Mobil Corporation XOM 0.58%
 Nucor Corporation NUE 0.58%
 KLA-Tencor Corporation KLAC 0.58%
 Concho Resources Inc. CXO 0.58%
 Northern Trust Corporation NTRS 0.57%
 Lam Research Corporation LRCX 0.57%
 NTT DOCOMO, Inc. (ADR) DCMYY 0.57%
 Valero Energy Corporation VLO 0.57%
 Best Buy Co., Inc. BBY 0.56%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.56%
 Phillips 66 PSX 0.56%
 Linde Plc LIN 0.56%
 Hitachi, Ltd. (ADR) HTHIY 0.55%
 LVMH Moet Hennessy Louis Vuitton SE (ADR) LVMUY 0.55%
 Intel Corporation INTC 0.53%
 Cognizant Technology Solutions Corporation CTSH 0.53%
 Accenture Plc ACN 0.53%
 Dassault Systemes S.E. (ADR) DASTY 0.53%
 L'Oreal S.A. (ADR) LRLCY 0.53%
 The Toronto-Dominion Bank TD 0.52%
 Toyota Motor Corporation (ADR) TM 0.51%
 Canon Inc. (ADR) CAJ 0.51%
 Allianz SE (ADR) AZSEY 0.51%
 Royal Bank of Canada RY 0.51%
 ASML Holding N.V. ASML 0.50%
 AXA S.A. (ADR) AXAHY 0.50%
 Novo Nordisk A/S (ADR) NVO 0.50%
 Royal Dutch Shell Plc (ADR) RDS/A 0.50%
 National Grid Plc (ADR) NGG 0.49%
 Rio Tinto Plc (ADR) RIO 0.49%
 Engie S.A. (ADR) ENGIY 0.49%
 NIDEC Corporation (ADR) NJDCY 0.49%
 NXP Semiconductors N.V. NXPI 0.49%
 Total S.A. (ADR) TOT 0.48%
 Micron Technology, Inc. MU 0.48%
 Regeneron Pharmaceuticals, Inc. REGN 0.47%
 Anglo American Plc (ADR) NGLOY 0.47%
 Honda Motor Co., Ltd. (ADR) HMC 0.46%
 BP Plc (ADR) BP 0.46%
 Occidental Petroleum Corporation OXY 0.46%
 Eni SpA (ADR) E 0.45%
 British American Tobacco Plc (ADR) BTI 0.44%
 Nissan Motor Co., Ltd. (ADR) NSANY 0.43%
 Continental AG (ADR) CTTAY 0.43%
 Erie Indemnity Company ERIE 0.37%
 Deckers Outdoor Corporation DECK 0.29%
 MarketAxess Holdings Inc. MKTX 0.29%
 PS Business Parks, Inc. PSB 0.29%
 EMCOR Group, Inc. EME 0.28%
 Watsco, Inc. WSO 0.28%
 Burlington Stores, Inc. BURL 0.28%
 ManpowerGroup Inc. MAN 0.27%
 Omnicom Group Inc. OMC 0.27%
 NVR, Inc. NVR 0.27%
 Morningstar, Inc. MORN 0.27%
 Zynga Inc. ZNGA 0.27%
 Sonoco Products Company SON 0.26%
 Eagle Materials Inc. EXP 0.26%
 Darden Restaurants, Inc. DRI 0.26%
 MAXIMUS, Inc. MMS 0.26%
 CDW Corporation CDW 0.26%
 FNF Group FNF 0.26%
 Equity Commonwealth EQC 0.25%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.25%
 ALLETE, Inc. ALE 0.25%
 Reliance Steel & Aluminum Co. RS 0.25%
 CBRE Group, Inc. CBRE 0.25%
 Owens Corning OC 0.25%
 First American Financial Corporation FAF 0.25%
 Brixmor Property Group Inc. BRX 0.25%
 Performance Food Group Company PFGC 0.25%
 The New York Times Company (Class A) NYT 0.24%
 Expeditors International of Washington, Inc. EXPD 0.24%
 D.R. Horton, Inc. DHI 0.24%
 The Toro Company TTC 0.24%
 Columbia Sportswear Company COLM 0.24%
 Lennar Corporation LEN 0.24%
 Quanta Services, Inc. PWR 0.24%
 Entegris, Inc. ENTG 0.24%
 Varian Medical Systems, Inc. VAR 0.24%
 Medical Properties Trust, Inc. MPW 0.24%
 Parsley Energy, Inc. (Class A) PE 0.24%
 Lancaster Colony Corporation LANC 0.23%
 Tech Data Corporation TECD 0.23%
 Landstar System, Inc. LSTR 0.23%
 Bank OZK OZK 0.23%
 Steel Dynamics, Inc. STLD 0.22%
 MSC Industrial Direct Co., Inc. (Class A) MSM 0.22%
 Skechers U.S.A., Inc. SKX 0.22%
 Rollins, Inc. ROL 0.22%
 Exelixis, Inc. EXEL 0.22%
 SYNNEX Corporation SNX 0.22%
 Lear Corporation LEA 0.22%
 Knight-Swift Transportation Holdings Inc. KNX 0.22%
 Arrow Electronics, Inc. ARW 0.21%
 F5 Networks, Inc. FFIV 0.21%
 Cabot Oil & Gas Corporation COG 0.21%
 Skyworks Solutions, Inc. SWKS 0.21%
 Texas Roadhouse, Inc. TXRH 0.21%
 American Eagle Outfitters, Inc. AEO 0.20%
 Lumentum Holdings Inc. LITE 0.20%
 MKS Instruments, Inc. MKSI 0.19%
 PVH Corp. PVH 0.18%
 Aerojet Rocketdyne Holdings, Inc. AJRD 0.17%
 United Therapeutics Corporation UTHR 0.17%
 ManTech International Corporation MANT 0.15%
 Cracker Barrel Old Country Store, Inc. CBRL 0.14%
 UniFirst Corporation UNF 0.14%
 Universal Forest Products, Inc. UFPI 0.14%
 World Fuel Services Corporation INT 0.14%
 Cohen & Steers, Inc. CNS 0.14%
 The Ensign Group, Inc. ENSG 0.14%
 Aaron's, Inc. AAN 0.14%
 TopBuild Corp. BLD 0.14%
 Louisiana-Pacific Corporation LPX 0.13%
 International Speedway Corporation ISCA 0.13%
 Advanced Energy Industries, Inc. AEIS 0.13%
 FTI Consulting, Inc. FCN 0.13%
 Meritage Homes Corporation MTH 0.13%
 AMN Healthcare Services, Inc. AMN 0.13%
 NorthWestern Corporation NWE 0.13%
 Spirit Realty Capital, Inc. SRC 0.13%
 Pattern Energy Group Inc. PEGI 0.13%
 Worthington Industries, Inc. WOR 0.12%
 Sanmina Corporation SANM 0.12%
 Brady Corporation BRC 0.12%
 Insight Enterprises, Inc. NSIT 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%
 Sabra Health Care REIT, Inc. SBRA 0.12%
 Exponent, Inc. EXPO 0.12%
 Evercore Inc. EVR 0.12%
 CenterState Bank Corporation CSFL 0.12%
 Walker & Dunlop, Inc. WD 0.12%
 Tandem Diabetes Care, Inc. TNDM 0.12%
 Knowles Corporation KN 0.12%
 Xenia Hotels & Resorts, Inc. XHR 0.12%
 Apple Hospitality REIT, Inc. APLE 0.12%
 Werner Enterprises, Inc. WERN 0.11%
 AVX Corporation AVX 0.11%
 II-VI Incorporated IIVI 0.11%
 Franklin Electric Co., Inc. FELE 0.11%
 Healthcare Services Group, Inc. HCSG 0.11%
 Inter Parfums, Inc. IPAR 0.11%
 Dorman Products, Inc. DORM 0.11%
 Sprouts Farmers Market, Inc. SFM 0.11%
 Dillard's, Inc. (Class A) DDS 0.10%
 Vishay Intertechnology, Inc. VSH 0.10%
 Dick's Sporting Goods, Inc. DKS 0.10%
 PDC Energy, Inc. PDCE 0.10%
 Rush Enterprises, Inc. (Class A) RUSHA 0.10%
 Callon Petroleum Company CPE 0.10%
 Genomic Health, Inc. GHDX 0.10%
 Green Dot Corporation (Class A) GDOT 0.10%
 SRC Energy Inc. SRCI 0.10%
 TRI Pointe Group, Inc. TPH 0.10%
 Urban Outfitters, Inc. URBN 0.09%
 Southwestern Energy Company SWN 0.08%
 CNX Resources Corporation CNX 0.08%
 Sally Beauty Holdings, Inc. SBH 0.08%
 
Total Number of Holdings:    235
Underlying Securities information represented above is as of 06/25/2019 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.