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40/60 Strategic Allocation, 1st Qtr 2020  Ticker: FONGBX
 
Description
A unit investment trust which seeks the potential for above-average total return by investing approximately 40% of its assets in common stocks which are selected by applying a disciplined investment strategy and 60% 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: 4S1Q20
Portfolio Status: Primary
Initial Offer Date: 01/14/2020
Portfolio Ending Date: 04/16/2021
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.8814
POP(*): $10.0167
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 02/21/2020 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 2/21/2020) Per Unit (as of 2/18/2020)
2.75% $0.27500
^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
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 2.78%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 2.68%
 SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 2.68%
 SPDR Wells Fargo Preferred Stock ETF PSK 2.67%
 First Trust Senior Loan Fund FTSL 2.67%
 SPDR Blackstone/GSO Senior Loan ETF SRLN 2.67%
 Invesco Senior Loan ETF BKLN 2.66%
 VanEck Vectors J.P. Morgan EM Local Currency Bond ETF EMLC 2.63%
 iShares Long-Term Corporate Bond ETF IGLB 2.48%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 2.43%
 iShares Intermediate-Term Corporate Bond ETF IGIB 2.42%
 First Trust Low Duration Opportunities ETF LMBS 2.40%
 iShares MBS ETF MBB 2.39%
 Vanguard Mortgage-Backed Securities ETF VMBS 2.39%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 2.39%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 2.38%
 SPDR Bloomberg Barclays Emerging Markets Local Bond ETF EBND 2.34%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 2.14%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 2.13%
 Vanguard Total International Bond ETF BNDX 2.13%
 SPDR Portfolio TIPS ETF SPIP 2.12%
 First Trust Preferred Securities and Income ETF FPE 2.11%
 Vanguard Short-Term Inflation-Protected Securities Index Fund VTIP 2.09%
 iShares Short Treasury Bond ETF SHV 2.08%
 First Trust Tactical High Yield ETF HYLS 2.05%
 T-Mobile US, Inc. TMUS 0.42%
 Twitter, Inc. TWTR 0.40%
 Biogen Inc. BIIB 0.39%
 Newmont Corporation NEM 0.38%
 Duke Energy Corporation DUK 0.37%
 Equinix, Inc. EQIX 0.37%
 Intel Corporation INTC 0.36%
 Stryker Corporation SYK 0.36%
 Costco Wholesale Corporation COST 0.36%
 The Hershey Company HSY 0.36%
 Vertex Pharmaceuticals Incorporated VRTX 0.36%
 Air Products and Chemicals, Inc. APD 0.36%
 Dollar General Corporation DG 0.36%
 Monster Beverage Corporation MNST 0.36%
 Cigna Corporation CI 0.36%
 UnitedHealth Group Incorporated UNH 0.35%
 Automatic Data Processing, Inc. ADP 0.35%
 Cintas Corporation CTAS 0.35%
 PepsiCo, Inc. PEP 0.35%
 Southwest Airlines Co. LUV 0.35%
 T. Rowe Price Group, Inc. TROW 0.35%
 Regeneron Pharmaceuticals, Inc. REGN 0.35%
 L3Harris Technologies Inc. LHX 0.35%
 VMware, Inc. VMW 0.35%
 Alphabet Inc. (Class A) GOOGL 0.35%
 AT&T Inc. T 0.34%
 Eli Lilly and Company LLY 0.34%
 ONEOK, Inc. OKE 0.34%
 Micron Technology, Inc. MU 0.34%
 The TJX Companies, Inc. TJX 0.34%
 Lockheed Martin Corporation LMT 0.34%
 Public Storage PSA 0.34%
 M&T Bank Corporation MTB 0.34%
 Copart, Inc. CPRT 0.34%
 Ross Stores, Inc. ROST 0.34%
 Centene Corporation CNC 0.34%
 NIKE, Inc. (Class B) NKE 0.33%
 Hormel Foods Corporation HRL 0.33%
 Fifth Third Bancorp FITB 0.33%
 Electronic Arts Inc. EA 0.33%
 Best Buy Co., Inc. BBY 0.33%
 The Estee Lauder Companies Inc. EL 0.33%
 Edwards Lifesciences Corporation EW 0.33%
 Anthem, Inc. ANTM 0.33%
 Delta Air Lines, Inc. DAL 0.33%
 HCA Healthcare, Inc. HCA 0.33%
 Target Corporation TGT 0.32%
 PACCAR Inc PCAR 0.32%
 Cummins Inc. CMI 0.32%
 Northrop Grumman Corporation NOC 0.32%
 Iberdrola S.A. (ADR) IBDRY 0.32%
 Walgreens Boots Alliance, Inc. WBA 0.32%
 Sysco Corporation SYY 0.31%
 Deere & Company DE 0.31%
 Chevron Corporation CVX 0.31%
 EOG Resources, Inc. EOG 0.30%
 ConocoPhillips COP 0.30%
 Alexion Pharmaceuticals, Inc. ALXN 0.30%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.30%
 Schneider Electric SE (ADR) SBGSY 0.29%
 Exxon Mobil Corporation XOM 0.28%
 Tyson Foods, Inc. (Class A) TSN 0.28%
 Roche Holding AG (ADR) RHHBY 0.28%
 Novo Nordisk A/S (ADR) NVO 0.28%
 Enbridge Inc. ENB 0.28%
 Linde Plc LIN 0.28%
 The Bank of Nova Scotia BNS 0.27%
 Vinci S.A. (ADR) VCISY 0.27%
 KDDI Corporation (ADR) KDDIY 0.27%
 Honda Motor Co., Ltd. (ADR) HMC 0.26%
 BNP Paribas S.A. (ADR) BNPQY 0.26%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.26%
 Dassault Systemes S.E. (ADR) DASTY 0.26%
 L'Oreal S.A. (ADR) LRLCY 0.26%
 Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY 0.26%
 EssilorLuxottica S.A. (ADR) ESLOY 0.26%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.26%
 Sony Corporation (ADR) SNE 0.25%
 British American Tobacco Plc (ADR) BTI 0.25%
 Henkel AG & Co. KGaA (ADR) HENKY 0.25%
 ViacomCBS Inc. VIAC 0.24%
 Eni SpA (ADR) E 0.24%
 Suncor Energy Inc. SU 0.24%
 Rio Tinto Plc (ADR) RIO 0.24%
 Nintendo Co., Ltd. (ADR) NTDOY 0.24%
 adidas AG (ADR) ADDYY 0.24%
 Volkswagen AG (ADR) VWAGY 0.24%
 Total S.A. (ADR) TOT 0.23%
 Equinor ASA EQNR 0.22%
 Royal Dutch Shell Plc (ADR) RDS/A 0.22%
 NVR, Inc. NVR 0.16%
 MDU Resources Group, Inc. MDU 0.15%
 Encompass Health Corporation EHC 0.15%
 E*TRADE Financial Corporation ETFC 0.15%
 PulteGroup, Inc. PHM 0.15%
 D.R. Horton, Inc. DHI 0.15%
 Arthur J. Gallagher & Co. AJG 0.15%
 JetBlue Airways Corporation JBLU 0.15%
 Exelixis, Inc. EXEL 0.15%
 Amedisys, Inc. AMED 0.15%
 First American Financial Corporation FAF 0.15%
 RH RH 0.15%
 Ulta Beauty, Inc. ULTA 0.15%
 Casey's General Stores, Inc. CASY 0.14%
 Gentex Corporation GNTX 0.14%
 Old Republic International Corporation ORI 0.14%
 Henry Schein, Inc. HSIC 0.14%
 Mohawk Industries, Inc. MHK 0.14%
 Foot Locker, Inc. FL 0.14%
 Entegris, Inc. ENTG 0.14%
 Molina Healthcare, Inc. MOH 0.14%
 Carter's, Inc. CRI 0.14%
 LHC Group, Inc. LHCG 0.14%
 First Citizens BancShares, Inc. FCNCA 0.14%
 Fortinet, Inc. FTNT 0.14%
 Knight-Swift Transportation Holdings Inc. KNX 0.14%
 Performance Food Group Company PFGC 0.14%
 Avangrid, Inc. AGR 0.14%
 Snap-on Incorporated SNA 0.13%
 Omnicom Group Inc. OMC 0.13%
 Expeditors International of Washington, Inc. EXPD 0.13%
 Teradyne, Inc. TER 0.13%
 Landstar System, Inc. LSTR 0.13%
 MAXIMUS, Inc. MMS 0.13%
 East West Bancorp, Inc. EWBC 0.13%
 Curtiss-Wright Corporation CW 0.13%
 Acuity Brands, Inc. AYI 0.13%
 Watsco, Inc. WSO 0.13%
 Erie Indemnity Company ERIE 0.13%
 Parsley Energy, Inc. (Class A) PE 0.13%
 Nucor Corporation NUE 0.12%
 Lancaster Colony Corporation LANC 0.12%
 W.W. Grainger, Inc. GWW 0.12%
 Zions Bancorporation ZION 0.12%
 Steel Dynamics, Inc. STLD 0.12%
 Oshkosh Corporation OSK 0.12%
 Take-Two Interactive Software, Inc. TTWO 0.12%
 MSC Industrial Direct Co., Inc. (Class A) MSM 0.12%
 Columbia Sportswear Company COLM 0.12%
 Dick's Sporting Goods, Inc. DKS 0.12%
 Lincoln Electric Holdings, Inc. LECO 0.12%
 Reliance Steel & Aluminum Co. RS 0.12%
 NewMarket Corporation NEU 0.12%
 Concho Resources Inc. CXO 0.12%
 Murphy Oil Corporation MUR 0.11%
 PVH Corp. PVH 0.11%
 Cimarex Energy Co. XEC 0.11%
 Diamondback Energy, Inc. FANG 0.11%
 Marathon Oil Corporation MRO 0.10%
 Arrowhead Pharmaceuticals, Inc. ARWR 0.09%
 Universal Forest Products, Inc. UFPI 0.08%
 Texas Roadhouse, Inc. TXRH 0.08%
 Cohen & Steers, Inc. CNS 0.08%
 Interactive Brokers Group, Inc. (Class A) IBKR 0.08%
 Arena Pharmaceuticals, Inc. ARNA 0.08%
 TRI Pointe Group, Inc. TPH 0.08%
 TopBuild Corp. BLD 0.08%
 Houlihan Lokey, Inc. HLI 0.08%
 Werner Enterprises, Inc. WERN 0.07%
 Otter Tail Corporation OTTR 0.07%
 Telephone and Data Systems, Inc. TDS 0.07%
 Equity Commonwealth EQC 0.07%
 Urban Outfitters, Inc. URBN 0.07%
 American Eagle Outfitters, Inc. AEO 0.07%
 M.D.C. Holdings, Inc. MDC 0.07%
 Regal Beloit Corporation RBC 0.07%
 United States Cellular Corporation USM 0.07%
 AVX Corporation AVX 0.07%
 Simpson Manufacturing Co., Inc. SSD 0.07%
 Saia, Inc. SAIA 0.07%
 Meritage Homes Corporation MTH 0.07%
 ABM Industries Incorporated ABM 0.07%
 Hub Group, Inc. HUBG 0.07%
 Umpqua Holdings Corporation UMPQ 0.07%
 LCI Industries LCII 0.07%
 Rush Enterprises, Inc. (Class A) RUSHA 0.07%
 National Beverage Corp. FIZZ 0.07%
 Quidel Corporation QDEL 0.07%
 Exponent, Inc. EXPO 0.07%
 Evercore Inc. EVR 0.07%
 Walker & Dunlop, Inc. WD 0.07%
 Spirit Airlines, Inc. SAVE 0.07%
 BMC Stock Holdings, Inc. BMCH 0.07%
 Graham Holdings Company GHC 0.06%
 Lattice Semiconductor Corporation LSCC 0.06%
 United States Steel Corporation X 0.06%
 Vishay Intertechnology, Inc. VSH 0.06%
 HMS Holdings Corp. HMSY 0.06%
 Brady Corporation BRC 0.06%
 Wolverine World Wide, Inc. WWW 0.06%
 Plexus Corp. PLXS 0.06%
 PriceSmart, Inc. PSMT 0.06%
 CNX Resources Corporation CNX 0.06%
 J & J Snack Foods Corp. JJSF 0.06%
 National Fuel Gas Company NFG 0.06%
 Steven Madden, Ltd. SHOO 0.06%
 Lithia Motors, Inc. LAD 0.06%
 PDC Energy, Inc. PDCE 0.06%
 Inter Parfums, Inc. IPAR 0.06%
 Seacoast Banking Corporation of Florida SBCF 0.06%
 Central Garden & Pet Company (Class A) CENTA 0.06%
 Renasant Corporation RNST 0.06%
 Stepan Company SCL 0.06%
 NMI Holdings, Inc. (Class A) NMIH 0.06%
 Bank OZK OZK 0.06%
 Insight Enterprises, Inc. NSIT 0.05%
 Sanderson Farms, Inc. SAFM 0.05%
 EQT Corporation EQT 0.05%
 Diodes Incorporated DIOD 0.05%
 Matador Resources Company MTDR 0.05%
 
Total Number of Holdings:    235
Underlying Securities information represented above is as of 02/20/2020 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.00%
  Deferred:  1.35%
C&D Fee:    0.50%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30312Q847 Cash Monthly
30312Q854 Reinvest Monthly
* Based on the offer price as of 02/21/2020 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.51%
Maximum Sales Charge:   0.51%
CUSIP Type Distribution
30312Q862 Cash-Fee Monthly
30312Q870 Reinvest-Fee Monthly
* Based on the NAV price as of 02/21/2020 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
$0.04500 April 20, 2020
$0.04500 May 20, 2020
$0.04500 June 19, 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.

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.

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.

Large-Cap Risk. Large capitalization companies may grow at a slower rate than the overall market.

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 Debt Instruments Risk. Debt instruments, such as U.S. Treasury obligations, are subject to numerous risks including higher interest rates, economic recession and deterioration of the bond market or investors' perceptions thereof.

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
30312Q847 (Cash)
30312Q854 (Reinvest)
30312Q862 (Cash-Fee)
30312Q870 (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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