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(*): $10.2098
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 06/05/2020 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  Per Unit (as of 6/1/2020)
----- $0.21530
^ 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 of the securities included in the trust are for illustrative purposes only and are not indicative of the trust's distribution or distribution rate. Due to the negative economic impact across many industries caused by the recent COVID-19 outbreak, certain issuers of the securities included in the trust may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "Historical 12-Month Distribution Per Unit," which is based on the trailing twelve-month distributions paid by the securities included in a trust, will likely be higher, and in some cases significantly higher, than the actual distribution per unit achieved by the trust. 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 distributions 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 is calculated only using 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 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 1.23%
 iShares Long-Term Corporate Bond ETF IGLB 1.22%
 iShares Intermediate-Term Corporate Bond ETF IGIB 1.18%
 First Trust Tactical High Yield ETF HYLS 1.06%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 1.05%
 SPDR Portfolio TIPS ETF SPIP 1.04%
 Schwab U.S. TIPS ETF SCHP 1.04%
 Invesco Senior Loan ETF BKLN 1.03%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 1.03%
 Vanguard Mortgage-Backed Securities ETF VMBS 1.02%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 1.01%
 Highland/iBoxx Senior Loan ETF SNLN 0.98%
 First Trust Low Duration Opportunities ETF LMBS 0.98%
 iShares 7-10 Year Treasury Bond ETF IEF 0.97%
 SPDR Wells Fargo Preferred Stock ETF PSK 0.97%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 0.96%
 iShares JPMorgan USD Emerging Markets Bond ETF EMB 0.95%
 iShares iBoxx $ High Yield Corporate Bond ETF HYG 0.94%
 Lam Research Corporation LRCX 0.93%
 KLA Corporation KLAC 0.93%
 Dollar General Corporation DG 0.93%
 First Trust Senior Loan Fund FTSL 0.93%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 0.92%
 Target Corporation TGT 0.90%
 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 0.90%
 Regeneron Pharmaceuticals, Inc. REGN 0.88%
 iShares International Aggregate Bond ETF IAGG 0.88%
 ASML Holding N.V. ASML 0.87%
 PayPal Holdings, Inc. PYPL 0.87%
 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP 0.87%
 Applied Materials, Inc. AMAT 0.84%
 First Trust Preferred Securities and Income ETF FPE 0.83%
 SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 0.83%
 Bristol-Myers Squibb Company BMY 0.80%
 NextEra Energy, Inc. NEE 0.80%
 Cintas Corporation CTAS 0.79%
 Fastenal Company FAST 0.79%
 Air Products and Chemicals, Inc. APD 0.78%
 Facebook, Inc. (Class A) FB 0.78%
 Prologis, Inc. PLD 0.77%
 Costco Wholesale Corporation COST 0.76%
 T. Rowe Price Group, Inc. TROW 0.75%
 Eversource Energy ES 0.74%
 Micron Technology, Inc. MU 0.74%
 The Estee Lauder Companies Inc. EL 0.74%
 Northrop Grumman Corporation NOC 0.74%
 UnitedHealth Group Incorporated UNH 0.73%
 Xcel Energy Inc. XEL 0.71%
 Hormel Foods Corporation HRL 0.70%
 The Hershey Company HSY 0.70%
 Intel Corporation INTC 0.69%
 Texas Instruments Incorporated TXN 0.69%
 The Procter & Gamble Company PG 0.68%
 The Progressive Corporation PGR 0.67%
 The Allstate Corporation ALL 0.66%
 Best Buy Co., Inc. BBY 0.66%
 Cummins Inc. CMI 0.66%
 AutoZone, Inc. AZO 0.65%
 The Walt Disney Company DIS 0.65%
 PepsiCo, Inc. PEP 0.65%
 Motorola Solutions, Inc. MSI 0.64%
 Waste Management, Inc. WM 0.64%
 NTT DOCOMO, Inc. (ADR) DCMYY 0.64%
 Stryker Corporation SYK 0.62%
 The TJX Companies, Inc. TJX 0.62%
 Ross Stores, Inc. ROST 0.62%
 AT&T Inc. T 0.61%
 Novo Nordisk A/S (ADR) NVO 0.61%
 Twitter, Inc. TWTR 0.59%
 Northern Trust Corporation NTRS 0.57%
 Accenture Plc ACN 0.57%
 Linde Plc LIN 0.57%
 Public Storage PSA 0.56%
 Constellation Brands, Inc. (Class A) STZ 0.56%
 Dassault Systemes S.E. (ADR) DASTY 0.56%
 LVMH Moet Hennessy Louis Vuitton SE (ADR) LVMUY 0.56%
 Tyson Foods, Inc. (Class A) TSN 0.55%
 NXP Semiconductors N.V. NXPI 0.55%
 Raytheon Technologies Corporation RTX 0.54%
 Consolidated Edison, Inc. ED 0.54%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.54%
 L'Oreal S.A. (ADR) LRLCY 0.54%
 Sysco Corporation SYY 0.53%
 National Grid Plc (ADR) NGG 0.53%
 Toyota Motor Corporation (ADR) TM 0.51%
 Phillips 66 PSX 0.51%
 Hitachi, Ltd. (ADR) HTHIY 0.50%
 British American Tobacco Plc (ADR) BTI 0.49%
 Walgreens Boots Alliance, Inc. WBA 0.49%
 Valero Energy Corporation VLO 0.48%
 HCA Healthcare, Inc. HCA 0.48%
 Nucor Corporation NUE 0.47%
 Honda Motor Co., Ltd. (ADR) HMC 0.47%
 Chevron Corporation CVX 0.47%
 Cognizant Technology Solutions Corporation CTSH 0.46%
 NIDEC Corporation (ADR) NJDCY 0.46%
 Southwest Airlines Co. LUV 0.45%
 MarketAxess Holdings Inc. MKTX 0.45%
 Royal Bank of Canada RY 0.44%
 Rio Tinto Plc (ADR) RIO 0.44%
 Allianz SE (ADR) ALIZY 0.44%
 Ulta Beauty, Inc. ULTA 0.43%
 The Toronto-Dominion Bank TD 0.41%
 Engie S.A. (ADR) ENGIY 0.41%
 AXA S.A. (ADR) AXAHY 0.40%
 Zynga Inc. ZNGA 0.40%
 Entegris, Inc. ENTG 0.39%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.38%
 Exxon Mobil Corporation XOM 0.37%
 Anglo American Plc (ADR) NGLOY 0.37%
 Skyworks Solutions, Inc. SWKS 0.36%
 Concho Resources Inc. CXO 0.36%
 Total S.A. (ADR) TOT 0.35%
 Canon Inc. (ADR) CAJ 0.35%
 Deckers Outdoor Corporation DECK 0.33%
 Burlington Stores, Inc. BURL 0.33%
 Tech Data Corporation TECD 0.32%
 Watsco, Inc. WSO 0.31%
 Continental AG (ADR) CTTAY 0.31%
 Lumentum Holdings Inc. LITE 0.31%
 D.R. Horton, Inc. DHI 0.30%
 Lennar Corporation LEN 0.30%
 Knight-Swift Transportation Holdings Inc. KNX 0.30%
 The New York Times Company (Class A) NYT 0.29%
 MKS Instruments, Inc. MKSI 0.29%
 BP Plc (ADR) BP 0.28%
 NVR, Inc. NVR 0.28%
 Morningstar, Inc. MORN 0.28%
 CDW Corporation CDW 0.28%
 Eni SpA (ADR) E 0.27%
 Reliance Steel & Aluminum Co. RS 0.27%
 Royal Dutch Shell Plc (ADR) RDS/A 0.27%
 Owens Corning OC 0.27%
 United Therapeutics Corporation UTHR 0.27%
 Quanta Services, Inc. PWR 0.26%
 SYNNEX Corporation SNX 0.26%
 Equity Commonwealth EQC 0.25%
 Landstar System, Inc. LSTR 0.25%
 MAXIMUS, Inc. MMS 0.25%
 Skechers U.S.A., Inc. SKX 0.25%
 Rollins, Inc. ROL 0.25%
 Medical Properties Trust, Inc. MPW 0.25%
 Erie Indemnity Company ERIE 0.25%
 Lancaster Colony Corporation LANC 0.24%
 Expeditors International of Washington, Inc. EXPD 0.24%
 The Toro Company TTC 0.24%
 CBRE Group, Inc. CBRE 0.24%
 First American Financial Corporation FAF 0.24%
 Nissan Motor Co., Ltd. (ADR) NSANY 0.23%
 Exelixis, Inc. EXEL 0.23%
 Texas Roadhouse, Inc. TXRH 0.23%
 PS Business Parks, Inc. PSB 0.23%
 ManpowerGroup Inc. MAN 0.22%
 Arrow Electronics, Inc. ARW 0.22%
 MSC Industrial Direct Co., Inc. (Class A) MSM 0.22%
 EMCOR Group, Inc. EME 0.22%
 Varian Medical Systems, Inc. VAR 0.22%
 Fidelity National Financial, Inc. FNF 0.22%
 Sonoco Products Company SON 0.21%
 Eagle Materials Inc. EXP 0.21%
 F5 Networks, Inc. FFIV 0.21%
 TopBuild Corp. BLD 0.21%
 Steel Dynamics, Inc. STLD 0.20%
 Columbia Sportswear Company COLM 0.20%
 Bank OZK OZK 0.20%
 Omnicom Group Inc. OMC 0.19%
 UFP Industries Inc. UFPI 0.19%
 Power Integrations, Inc. POWI 0.19%
 Cirrus Logic, Inc. CRUS 0.19%
 FTI Consulting, Inc. FCN 0.19%
 Meritage Homes Corporation MTH 0.19%
 Cohen & Steers, Inc. CNS 0.19%
 Brixmor Property Group Inc. BRX 0.19%
 Darden Restaurants, Inc. DRI 0.18%
 Cabot Oil & Gas Corporation COG 0.18%
 ALLETE, Inc. ALE 0.18%
 Lear Corporation LEA 0.18%
 Aerojet Rocketdyne Holdings, Inc. AJRD 0.17%
 ManTech International Corporation MANT 0.17%
 Performance Food Group Company PFGC 0.17%
 UniFirst Corporation UNF 0.16%
 Advanced Energy Industries, Inc. AEIS 0.16%
 Exponent, Inc. EXPO 0.16%
 Werner Enterprises, Inc. WERN 0.15%
 II-VI Incorporated IIVI 0.15%
 Tandem Diabetes Care, Inc. TNDM 0.15%
 Parsley Energy, Inc. (Class A) PE 0.15%
 American Eagle Outfitters, Inc. AEO 0.14%
 Occidental Petroleum Corporation OXY 0.14%
 WD-40 Company WDFC 0.14%
 Hub Group, Inc. HUBG 0.14%
 Sprouts Farmers Market, Inc. SFM 0.14%
 Brady Corporation BRC 0.13%
 Louisiana-Pacific Corporation LPX 0.13%
 Franklin Electric Co., Inc. FELE 0.13%
 Rush Enterprises, Inc. (Class A) RUSHA 0.13%
 TRI Pointe Group, Inc. TPH 0.13%
 Worthington Industries, Inc. WOR 0.11%
 Sanmina Corporation SANM 0.11%
 World Fuel Services Corporation INT 0.11%
 Insight Enterprises, Inc. NSIT 0.11%
 PVH Corp. PVH 0.11%
 CNX Resources Corporation CNX 0.11%
 Dick's Sporting Goods, Inc. DKS 0.11%
 AMN Healthcare Services, Inc. AMN 0.11%
 Walker & Dunlop, Inc. WD 0.11%
 Spirit Realty Capital, Inc. SRC 0.11%
 Knowles Corporation KN 0.11%
 Cracker Barrel Old Country Store, Inc. CBRL 0.10%
 Vishay Intertechnology, Inc. VSH 0.10%
 Federated Hermes, Inc. (Class B) FHI 0.10%
 Steven Madden, Ltd. SHOO 0.10%
 NorthWestern Corporation NWE 0.10%
 Sabra Health Care REIT, Inc. SBRA 0.10%
 Sally Beauty Holdings, Inc. SBH 0.10%
 The Ensign Group, Inc. ENSG 0.10%
 Dorman Products, Inc. DORM 0.10%
 Aaron's, Inc. AAN 0.10%
 PDC Energy, Inc. PDCE 0.09%
 Healthcare Services Group, Inc. HCSG 0.09%
 CenterState Bank Corporation CSFL 0.09%
 Apple Hospitality REIT, Inc. APLE 0.09%
 Urban Outfitters, Inc. URBN 0.08%
 Southwestern Energy Company SWN 0.08%
 Inter Parfums, Inc. IPAR 0.08%
 Evercore Inc. EVR 0.08%
 Green Dot Corporation (Class A) GDOT 0.08%
 Exact Sciences Corporation EXAS 0.07%
 Xenia Hotels & Resorts, Inc. XHR 0.06%
 Dillard's, Inc. (Class A) DDS 0.05%
 The Pennant Group, Inc. PNTG 0.03%
 Callon Petroleum Company CPE 0.01%
 
Total Number of Holdings:    232
Underlying Securities information represented above is as of 06/04/2020 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.

COVID-19 Economic Impact Risk. The recent outbreak of a respiratory disease designated as COVID-19 was first detected in China in December 2019. The global economic impact of the COVID-19 outbreak is impossible to predict but is expected to disrupt manufacturing, supply chains and sales in affected areas and negatively impact global economic growth prospects. The COVID-19 outbreak has also caused significant volatility and declines in global financial markets, which have caused losses for investors. The impact of the COVID-19 outbreak may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.

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.