Tactical Alpha, 25  Ticker: FWSCZX
 
Description
A unit investment trust that seeks to provide above-average capital appreciation by investing in stocks from within specific areas of the market where we believe tactical opportunities currently exist.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: TALP25
Portfolio Status: Secondary
Initial Offer Date: 05/29/2020
Secondary Date: 08/26/2020
Portfolio Ending Date: 08/30/2021
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $13.0204
POP(*): $13.1986
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 01/26/2021 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 1/26/2021) Per Unit (as of 1/25/2021)
0.94% $0.12420
^ 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. Due to the negative economic impact across many industries caused by the 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 Rate of Trust Holdings," 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 rate 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 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. 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. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 9.48%
Consumer Discretionary  Consumer Discretionary 17.70%
Consumer Staples  Consumer Staples 3.30%
Energy  Energy 0.00%
Financials  Financials 0.00%
Health Care  Health Care 25.06%
Industrials  Industrials 12.88%
Information Technology  Information Technology 31.40%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.18%
 
  Large Mid Small  
Growth  56.92% 9.85% 0.00%  
Value  31.12% 1.93% 0.00%  

 Style Weighting
Large-Cap Growth 56.92%
Large-Cap Value 31.12%
Mid-Cap Growth 9.85%
Mid-Cap Value 1.93%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.18%
 Composition
U.S. Stocks 81.99%   Other 0.18%
Non-U.S. Stocks 17.83%      
The style and sector characteristics of the portfolio are determined as of 01/25/2021 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $332,005.81
Price/Earnings 30.46
Price/Book 6.60
As of 1/25/2021
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Etsy, Inc. ETSY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.98%
 Taiwan Semiconductor Manufacturing Company Ltd. (ADR) TSM Information Technology  Information Technology Large-Cap Growth 3.80%
 Generac Holdings Inc. GNRC Industrials  Industrials Mid-Cap Growth 3.32%
 SolarEdge Technologies, Inc. SEDG Information Technology  Information Technology Mid-Cap Growth 3.31%
 Teradyne, Inc. TER Information Technology  Information Technology Mid-Cap Growth 3.22%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 2.91%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 2.57%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 2.45%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 2.35%
 Thermo Fisher Scientific Inc. TMO Health Care  Health Care Large-Cap Value 2.32%
 LVMH Moet Hennessy Louis Vuitton SE (ADR) LVMUY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.14%
 The Walt Disney Company DIS Communication Services  Communication Services Large-Cap Value 2.12%
 Alphabet Inc. (Class C) GOOG Communication Services  Communication Services Large-Cap Value 2.11%
 Intuitive Surgical, Inc. ISRG Health Care  Health Care Large-Cap Growth 2.10%
 NIKE, Inc. (Class B) NKE Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.08%
 D.R. Horton, Inc. DHI Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.08%
 Keysight Technologies, Inc. KEYS Information Technology  Information Technology Large-Cap Growth 2.05%
 Honeywell International Inc. HON Industrials  Industrials Large-Cap Growth 2.04%
 Hubbell Incorporated HUBB Industrials  Industrials Mid-Cap Value 1.93%
 Starbucks Corporation SBUX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.91%
 Alibaba Group Holding Limited (ADR) BABA Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.90%
 Facebook, Inc. (Class A) FB Communication Services  Communication Services Large-Cap Value 1.87%
 Adobe Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 1.86%
 Amazon.com, Inc. AMZN Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.85%
 Comcast Corporation (Class A) CMCSA Communication Services  Communication Services Large-Cap Value 1.84%
 Accenture Plc ACN Information Technology  Information Technology Large-Cap Growth 1.84%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 1.80%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 1.80%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Value 1.76%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.76%
 Stryker Corporation SYK Health Care  Health Care Large-Cap Growth 1.75%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 1.73%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Value 1.68%
 Unilever Plc (ADR) UL Consumer Staples  Consumer Staples Large-Cap Growth 1.68%
 Mastercard Incorporated MA Information Technology  Information Technology Large-Cap Growth 1.66%
 Nestle S.A. (ADR) NSRGY Consumer Staples  Consumer Staples Large-Cap Growth 1.62%
 Bristol-Myers Squibb Company BMY Health Care  Health Care Large-Cap Value 1.60%
 CVS Health Corporation CVS Health Care  Health Care Large-Cap Value 1.60%
 Anthem, Inc. ANTM Health Care  Health Care Large-Cap Value 1.59%
 Visa Inc. (Class A) V Information Technology  Information Technology Large-Cap Growth 1.58%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Value 1.55%
 Verizon Communications Inc. VZ Communication Services  Communication Services Large-Cap Value 1.54%
 Roche Holding AG (ADR) RHHBY Health Care  Health Care Large-Cap Growth 1.54%
 Regeneron Pharmaceuticals, Inc. REGN Health Care  Health Care Large-Cap Value 1.53%
 Merck & Co., Inc. MRK Health Care  Health Care Large-Cap Growth 1.50%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 1.35%
 L3Harris Technologies Inc. LHX Industrials  Industrials Large-Cap Value 1.35%
 Northrop Grumman Corporation NOC Industrials  Industrials Large-Cap Value 1.34%
 Gilead Sciences, Inc. GILD Health Care  Health Care Large-Cap Value 1.34%
 Vertex Pharmaceuticals Incorporated VRTX Health Care  Health Care Large-Cap Growth 1.22%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 01/25/2021 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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

COVID-19 Economic Impact Risk. The COVID-19 global pandemic has resulted in major disruptions to economies and markets around the world. Financial markets have experienced extreme volatility and severe losses, negatively impacting global economic growth prospects. The duration of the COVID-19 outbreak and its effects cannot be determined with certainty and may exacerbate other political, social and economic risks.

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.

Health Care Risk. The companies engaged in the health care sector are subject to fierce competition, high research and development costs, governmental regulations, loss of patent protection, and changing consumer spending trends. In addition, health crises, such as a pandemic outbreak, can severely impact the health care industry in particular.

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.

Technology Risk. The companies engaged in the information technology sector are subject to fierce competition, high research and development costs, and their products and services may be subject to rapid obsolescence. Technology company stocks, especially those which are Internet-related, may experience extreme price and volume fluctuations that are often unrelated to their operating performance.

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.

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.

The style and capitalization characteristics used to describe the stocks are designed to help you understand how they fit into your overall investment plan. Due to changes in the value of the stocks the characteristics may vary over time. In general, growth stocks have high relative price-to-book ratios while value stocks have low relative price-to-book ratios. In determining market capitalization characteristics, we analyze the market capitalizations of the 3,000 largest stocks in the U.S. (excluding foreign securities, ADRs, limited partnerships and regulated investment companies) on a monthly basis. Companies with market capitalizations among the largest 10% are considered Large-Cap securities, the next 20% are considered Mid-Cap securities and the remaining securities are considered Small-Cap securities.

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.