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Corporate Investment Grade Laddered, 9  Ticker: FPWABX
 
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: CLAD9
Portfolio Status: Secondary
Initial Offer Date: 05/14/2019
Secondary Date: 08/02/2019
Wtd Avg Maturity: 2.7
ELTR Life: 2.7
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,082.9200
NAV(*): $563.5000
POP(*): Not Avail
PAR(*): $571.2000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/22/2024 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
30309C660 Monthly $0.8100 $22.2700
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 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
03938LAZ7 170,000 ARCELORMITTAL 6.125%, due 06/01/2025  BBB-   6.12500 06/01/2025M    
05329WAP7 150,000 AUTONATION INC 3.80%, due 11/15/2027  BBB-   3.80000 11/15/2027M 08/15/2027 100.0000
06051GFS3 85,000 BANK OF AMERICA CORP 3.875%, due 08/01/2025  A-   3.87500 08/01/2025M    
208251AE8 115,000 CONOCO INC 6.95%, due 04/15/2029  A-   6.95000 04/15/2029M    
26442UAH7 100,000 DUKE ENERGY PROGRESS LLC 3.45%, due 03/15/2029  A   3.45000 03/15/2029M 12/15/2028 100.0000
37045XAS5 140,000 GENERAL MOTORS FINL CO 4%, due 01/15/2025  BBB   4.00000 01/15/2025M 10/15/2024 100.0000
459200AR2 75,000 IBM CORP 6.22%, due 08/01/2027  A-   6.22000 08/01/2027M    
472319AE2 100,000 JEFFERIES GROUP LLC 6.45%, due 06/08/2027  BBB   6.45000 06/08/2027M    
717081ET6 25,000 PFIZER INC 3.45%, due 03/15/2029  A   3.45000 03/15/2029M 12/15/2028 100.0000
718172BQ1 155,000 PHILIP MORRIS INTL INC 3.375%, due 08/11/2025  A-   3.37500 08/11/2025M 05/11/2025 100.0000
773903AH2 65,000 ROCKWELL AUTOMATION 3.50%, due 03/01/2029  A-   3.50000 03/01/2029M 12/01/2028 100.0000
91324PDE9 200,000 UNITEDHEALTH GROUP INC 2.95%, due 10/15/2027  A+   2.95000 10/15/2027M    
94974BGP9 70,000 WELLS FARGO & COMPANY 3.55%, due 09/29/2025  BBB+   3.55000 09/29/2025M    
963320AW6 180,000 WHIRLPOOL CORP 4.75%, due 02/26/2029  BBB-   4.75000 02/26/2029M 11/26/2028 100.0000
 
Total Number of Holdings:    14


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.

COVID-19 Economic Impact Risk. The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

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. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. 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 cybersecurity.

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 professional 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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30309C660 (Cash)
30309C678 (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 professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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