Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 

Corporate Investment Grade Laddered, 10 (Closed)  Ticker: FRAEHX
 
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: CLAD10
Portfolio Status: Secondary
Initial Offer Date: 08/15/2019
Secondary Date: 11/08/2019
Wtd Avg Maturity: 5.6
ELTR Life: 5.6
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,120.8200
NAV(*): $1,080.8700
POP(*): $1,107.4500
PAR(*): $1,000.0000
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.

 Income Information
CUSIP Frequency / Distributions Accrued Interest Estimated Annual Income Estimated Current Return Estimated Long Term Return
30311H426 Monthly $1.2400 $40.2600 3.640% 2.199%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
00928QAM3 200,000 AIRCASTLE LTD 5.125%, due 03/15/2021  BBB-   5.12500 03/15/2021M    
02209SBD4 200,000 ALTRIA GROUP INC 4.80%, due 02/14/2029  BBB   4.80000 02/14/2029M 11/14/2028 100.0000
03746AAA8 200,000 APACHE CORP N/C, 7.75%, due 12/15/2029  BBB   7.75000 12/15/2029M    
03938LAZ7 200,000 ARCELORMITTAL 6.125%, due 06/01/2025  BBB-   6.12500 06/01/2025M    
05329WAP7 200,000 AUTONATION INC 3.80%, due 11/15/2027  BBB-   3.80000 11/15/2027M 08/15/2027 100.0000
06051GFS3 200,000 BANK OF AMERICA CORP 3.875%, due 08/01/2025  A-   3.87500 08/01/2025M    
097023CM5 200,000 BOEING CO 2.70%, due 02/01/2027  A   2.70000 02/01/2027M 12/01/2026 100.0000
05565QBU1 200,000 BP CAPITAL MARKETS PLC 3.561%, due 11/01/2021  A-   3.56100 11/01/2021M    
208251AE8 200,000 CONOCO INC 6.95%, due 04/15/2029  A   6.95000 04/15/2029M    
26442UAH7 200,000 DUKE ENERGY PROGRESS LLC 3.45%, due 03/15/2029  A   3.45000 03/15/2029M 12/15/2028 100.0000
279158AC3 200,000 ECOPETROL SA 5.875%, due 09/18/2023  BBB-   5.87500 09/18/2023M    
36962G6S8 200,000 GENERAL ELECTRIC CO N/C, 3.10%, due 01/09/2023  BBB+   3.10000 01/09/2023M    
37045XAS5 200,000 GENERAL MOTORS FINL CO 4%, due 01/15/2025  BBB   4.00000 01/15/2025M 10/15/2024 100.0000
375558BM4 200,000 GILEAD SCIENCES INC 2.95%, due 03/01/2027  A   2.95000 03/01/2027M 12/01/2026 100.0000
404280AK5 200,000 HSBC HOLDINGS PLC N/C, 5.10%, due 04/05/2021  A   5.10000 04/05/2021M    
459200AM3 200,000 IBM CORP NTS DEBENTURES, 7%, due 10/30/2025  A   7.00000 10/30/2025M    
472319AE2 200,000 JEFFERIES GROUP LLC 6.45%, due 06/08/2027  BBB-   6.45000 06/08/2027M    
46625HJH4 200,000 JPMORGAN CHASE & CO N/C, 3.20%, due 01/25/2023  A-   3.20000 01/25/2023M    
606822BA1 200,000 MITSUBISHI UFJ FIN GRP N/C, 3.761%, due 07/26/2023  A-   3.76100 07/26/2023M    
68389XAS4 200,000 ORACLE CORP 3.625%, due 07/15/2023  A+   3.62500 07/15/2023M    
693506BR7 200,000 PPG INDUSTRIES INC 2.80%, due 08/15/2029  A-   2.80000 08/15/2029M 05/15/2029 100.0000
747525AU7 200,000 QUALCOMM INC 3.25%, due 05/20/2027  A-   3.25000 05/20/2027M 02/20/2027 100.0000
80281LAD7 200,000 SANTANDER UK GROUP HLDGS N/C, 3.125%, due 01/08/2021  BBB   3.12500 01/08/2021M    
91324PCH3 200,000 UNITEDHEALTH GROUP INC 2.875%, due 12/15/2021  A+   2.87500 12/15/2021M    
94974BGP9 200,000 WELLS FARGO & COMPANY 3.55%, due 09/29/2025  A-   3.55000 09/29/2025M    
 
Total Number of Holdings:    25


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.

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. 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.

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 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
30311H426 (Cash)
30311H434 (Cash-Wrap)
Printer Friendly Page Printer Friendly Page

 
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.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.