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Corporate Investment Grade, 3-7 Year,13  Ticker: FTSYDX
 
Description
This unit investment trust seeks current income and capital preservation by investing in a portfolio of investment grade corporate bonds.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: CI3713
Portfolio Status: Secondary
Initial Offer Date: 06/23/2020
Secondary Date: 08/20/2020
Wtd Avg Maturity: 0.7
ELTR Life: 0.7
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,126.4200
NAV(*): $712.3800
POP(*): Not Avail
PAR(*): $715.6000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/10/2024 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
30314T500 Monthly $0.0700 $25.6700
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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
053807AS2 110,000 AVNET INC 4.625%, due 04/15/2026  BBB-   4.62500 04/15/2026M 01/15/2026 100.0000
06051GFS3 160,000 BANK OF AMERICA CORP 3.875%, due 08/01/2025  A-   3.87500 08/01/2025M    
096630AD0 225,000 BOARDWALK PIPELINES LP 4.95%, due 12/15/2024  BBB-   4.95000 12/15/2024M 01/09/2025 100.0000
099724AJ5 170,000 BORGWARNER INC 3.375%, due 03/15/2025  BBB   3.37500 03/15/2025M 01/09/2025 100.0000
120568AX8 175,000 BUNGE LTD FINANCE CORP 3.25%, due 08/15/2026  BBB+   3.25000 08/15/2026M 05/15/2026 100.0000
42824CAW9 155,000 HP ENTERPRISE CO 4.90%, due 10/15/2025  BBB   4.90000 10/15/2025M 07/15/2025 100.0000
46625HKC3 95,000 JPMORGAN CHASE & CO 3.125%, due 01/23/2025  A   3.12500 01/23/2025M 01/09/2025 100.0000
546676AW7 125,000 LOUISVILLE GAS & ELEC 3.30%, due 10/01/2025  A   3.30000 10/01/2025M 07/01/2025 100.0000
595112BM4 225,000 MICRON TECHNOLOGY INC 4.975%, due 02/06/2026  BBB-   4.97500 02/06/2026M 12/06/2025 100.0000
637417AH9 200,000 NATIONAL RETAIL PROP INC 4%, due 11/15/2025  BBB+   4.00000 11/15/2025M 08/15/2025 100.0000
64110DAL8 140,000 NETAPP INC 1.875%, due 06/22/2025  BBB+   1.87500 06/22/2025M 05/22/2025 100.0000
747525AF0 160,000 QUALCOMM Incorporated 3.45%, due 05/20/2025  A   3.45000 05/20/2025M 02/20/2025 100.0000
858119BL3 75,000 STEEL DYNAMICS INC 2.40%, due 06/15/2025  BBB   2.40000 06/15/2025M 05/15/2025 100.0000
872287AF4 165,000 TCI COMMUNICATIONS INC 7.875%, due 02/15/2026  A-   7.87500 02/15/2026M    
918204BA5 175,000 VF CORP 2.40%, due 04/23/2025  BB   2.40000 04/23/2025M 03/23/2025 100.0000
 
Total Number of Holdings:    15


Risk Considerations

Corporate Bond Risk. An investment in a portfolio containing corporate bonds is subject to certain risks, including higher interest rates, economic recession, deterioration of the bond market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

Brexit Risk. The United Kingdom's official departure from the European Union (commonly referred to as "Brexit") led to volatility in global financial markets, in particular those of the United Kingdom and across Europe, and the weakening in political, regulatory, consumer, corporate and financial confidence in the United Kingdom and Europe. It is not currently possible to determine the extent of the impact that Brexit may have on the portfolio's investments and this uncertainty could negatively impact current and future economic conditions in the United Kingdom and other countries, which could negatively impact the value of the portfolio's investments.

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.

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.

Public Health Crisis Risk. A public health crisis, and the ensuing policies enacted by governments and central banks in response, could cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects.

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.

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.

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
30314T500 (Cash)
30314T518 (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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