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Tactical Income, 60  Ticker: FUVGWX
A unit investment trust that seeks current income with total return as a secondary objective by investing in dividend paying stocks and REITs as well as closed-end funds which invest in convertible securities and senior loan floating rate securities.
Please note that there is no assurance the objective will be met.
Product Code: TACT60
Portfolio Status: Primary
Initial Offer Date: 12/06/2019
Portfolio Ending Date: 12/06/2021
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $10.0986
POP(*): $10.3327
Remaining Deferred Sales Charge: $0.2250
* As of Trade Date: 01/17/2020 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 (as of 1/17/2020) Per Unit (as of 1/17/2020)
5.60% $0.57860
^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  
 Eaton Vance Senior Floating-Rate Trust EFR 3.17%
 John Hancock Premium Dividend Fund PDT 3.17%
 Nuveen Floating Rate Income Fund JFR 3.16%
 Blackstone/GSO Long-Short Credit Income Fund BGX 3.15%
 Eaton Vance Floating-Rate Income Trust EFT 3.13%
 John Hancock Preferred Income Fund HPI 3.12%
 Pioneer Floating Rate Trust PHD 3.11%
 John Hancock Preferred Income Fund II HPF 3.11%
 Invesco Dynamic Credit Opportunities Fund VTA 3.11%
 Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated DFP 3.11%
 BlackRock Floating Rate Income Strategies Fund, Inc. FRA 3.09%
 Flaherty & Crumrine Preferred and Income Securities Fund Incorporated FFC 3.08%
 Nuveen Credit Strategies Income Fund JQC 3.07%
 John Hancock Preferred Income Fund III HPS 3.06%
 Nuveen Preferred & Income Opportunities Fund JPC 3.04%
 Flaherty & Crumrine Total Return Fund Incorporated FLC 2.98%
 CNOOC Limited (ADR) CEO 1.16%
 Rent-A-Center, Inc. RCII 1.14%
 Costamare Inc. CMRE 1.14%
 Artisan Partners Asset Management Inc. APAM 1.13%
 China Mobile Limited (ADR) CHL 1.09%
 Canadian Natural Resources Limited CNQ 1.08%
 Mobile TeleSystems PJSC (ADR) MBT 1.07%
 Rio Tinto Plc (ADR) RIO 1.06%
 Suncor Energy Inc. SU 1.05%
 Seaspan Corporation SSW 1.05%
 Ternium S.A. (ADR) TX 1.05%
 WestRock Company WRK 1.05%
 Warrior Met Coal, Inc. HCC 1.05%
 Nordstrom, Inc. JWN 1.04%
 Enel Americas S.A. (ADR) ENIA 1.04%
 Ecopetrol S.A. (ADR) EC 1.04%
 The Southern Company SO 1.03%
 Murphy Oil Corporation MUR 1.03%
 Telefonica Brasil S.A. (ADR) VIV 1.02%
 VEON Ltd. (ADR) VEON 1.02%
 Triton International Limited TRTN 1.02%
 PPL Corporation PPL 1.01%
 Waddell & Reed Financial, Inc. WDR 1.00%
 Seagate Technology Plc STX 1.00%
 AT&T Inc. T 0.97%
 Verizon Communications Inc. VZ 0.96%
 LyondellBasell Industries N.V. LYB 0.96%
 Santander Consumer USA Holdings Inc. SC 0.96%
 Orion Engineered Carbons S.A. OEC 0.96%
 Janus Henderson Group Plc JHG 0.96%
 International Paper Company IP 0.95%
 Valero Energy Corporation VLO 0.95%
 Chevron Corporation CVX 0.95%
 Cohen & Steers, Inc. CNS 0.94%
 ORIX Corporation (ADR) IX 0.94%
 Hanesbrands Inc. HBI 0.93%
 The Buckle, Inc. BKE 0.89%
 Fiat Chrysler Automobiles N.V. FCAU 0.89%
 CVR Energy, Inc. CVI 0.84%
 Schweitzer-Mauduit International, Inc. SWM 0.81%
 Vornado Realty Trust VNO 0.52%
 Healthpeak Properties Inc. PEAK 0.50%
 Lamar Advertising Company LAMR 0.50%
 Brandywine Realty Trust BDN 0.49%
 Washington Real Estate Investment Trust WRE 0.49%
 MFA Financial, Inc. MFA 0.49%
 Host Hotels & Resorts, Inc. HST 0.48%
 Ryman Hospitality Properties, Inc. RHP 0.48%
 Lexington Realty Trust LXP 0.48%
 Weingarten Realty Investors WRI 0.48%
 Arbor Realty Trust, Inc. ABR 0.48%
 Tanger Factory Outlet Centers, Inc. SKT 0.48%
 Summit Hotel Properties, Inc. INN 0.48%
 Spirit Realty Capital, Inc. SRC 0.48%
 Sunstone Hotel Investors, Inc. SHO 0.47%
 Xenia Hotels & Resorts, Inc. XHR 0.47%
 Kimco Realty Corporation KIM 0.46%
 Urban Edge Properties UE 0.46%
 SITE Centers Corp. SITC 0.45%
 Brixmor Property Group Inc. BRX 0.45%
Total Number of Holdings:    76
Underlying Securities information represented above is as of 01/17/2020 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.09%
  Deferred:  2.18%
C&D Fee:    0.48%
Maximum Sales Charge:   2.75%
CUSIP Type Distribution
30312K147 Cash Monthly
30312K154 Reinvest Monthly
* Based on the offer price as of 01/17/2020 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.50%
Maximum Sales Charge:   0.50%
CUSIP Type Distribution
30312K162 Cash-Fee Monthly
30312K170 Reinvest-Fee Monthly
* Based on the NAV price as of 01/17/2020 4:00pm ET
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 March 20, 2020
$0.07500 April 20, 2020
$0.07500 May 20, 2020

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.

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.

Closed-End Fund Risk. Closed-end funds 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 the funds 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, closed-end funds frequently trade at a discount to their net asset value in the secondary market. Certain closed-end funds employ the use of leverage, which increases the volatility of such funds.

Covenant-Lite Loan Risk. Certain of the funds invest significantly in "covenant-lite" loans, which are loans made with minimal protections for the lender. Because covenant-lite loans are less restrictive on borrowers and provide less protection for lenders than typical corporate loans, the risk of default may be significantly higher.

Emerging Markets Risk. Risks associated with investing in foreign securities may be more pronounced in emerging markets where the securities markets are substantially smaller, less liquid, less regulated and more volatile than the U.S. and developed foreign markets.

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.

Preferred Securities Risk. Preferred securities are equity securities of the issuing company which pay income in the form of dividends. Preferred securities are typically subordinated to bonds and other debt instruments in a company's capital structure, and therefore will be subject to greater credit risk than those debt instruments.

REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

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.

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.

Fund Cusip Information
30312K147 (Cash)
30312K154 (Reinvest)
30312K162 (Cash-Fee)
30312K170 (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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