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40/60 Strategic Allocation, 1st Qtr 2021  Ticker: FPRUYX
 
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: 4S1Q21
Portfolio Status: Secondary
Initial Offer Date: 01/12/2021
Secondary Date: 04/13/2021
Portfolio Ending Date: 04/18/2022
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.1406
POP(*): $10.2794
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 06/11/2021 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 6/11/2021) Per Unit (as of 6/11/2021)
2.14% $0.21960
^ 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  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 First Trust Senior Loan Fund FTSL 2.61%
 SPDR Blackstone Senior Loan ETF SRLN 2.61%
 Invesco Senior Loan ETF BKLN 2.58%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 2.57%
 First Trust Low Duration Opportunities ETF LMBS 2.57%
 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 2.55%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 2.54%
 iShares Core 10+ Year USD Bond ETF ILTB 2.52%
 SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 2.36%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 2.33%
 iShares Broad USD High Yield Corporate Bond ETF USHY 2.33%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 2.29%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 2.29%
 iShares MBS ETF MBB 2.28%
 iShares International Aggregate Bond ETF IAGG 2.28%
 Vanguard Long-Term Corporate Bond ETF VCLT 2.27%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 2.27%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 2.05%
 First Trust Tactical High Yield ETF HYLS 2.01%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 2.00%
 iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB 2.00%
 Invesco Emerging Markets Sovereign Debt ETF PCY 2.00%
 Vanguard Mortgage-Backed Securities ETF VMBS 2.00%
 Vanguard Intermediate-Term Treasury ETF VGIT 2.00%
 VanEck Vectors J.P. Morgan EM Local Currency Bond ETF EMLC 1.98%
 Biogen Inc. BIIB 0.47%
 EOG Resources, Inc. EOG 0.46%
 Volkswagen AG (ADR) VWAGY 0.46%
 Applied Materials, Inc. AMAT 0.45%
 Alphabet Inc. (Class C) GOOG 0.45%
 Exxon Mobil Corporation XOM 0.42%
 D.R. Horton, Inc. DHI 0.42%
 Archer-Daniels-Midland Company ADM 0.41%
 Aflac Incorporated AFL 0.41%
 T. Rowe Price Group, Inc. TROW 0.40%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.40%
 HCA Healthcare, Inc. HCA 0.40%
 The Kroger Co. KR 0.39%
 The Allstate Corporation ALL 0.39%
 Lam Research Corporation LRCX 0.39%
 L3Harris Technologies Inc. LHX 0.39%
 Philip Morris International Inc. PM 0.39%
 Automatic Data Processing, Inc. ADP 0.38%
 Tyson Foods, Inc. (Class A) TSN 0.38%
 Microsoft Corporation MSFT 0.38%
 The Hershey Company HSY 0.38%
 Target Corporation TGT 0.37%
 Deere & Company DE 0.37%
 Lockheed Martin Corporation LMT 0.37%
 Lowe's Companies, Inc. LOW 0.37%
 Caterpillar Inc. CAT 0.36%
 Intel Corporation INTC 0.36%
 The Sherwin-Williams Company SHW 0.36%
 Newmont Corporation NEM 0.36%
 The Bank of New York Mellon Corporation BK 0.36%
 Exelon Corporation EXC 0.36%
 Amazon.com, Inc. AMZN 0.36%
 Anthem, Inc. ANTM 0.36%
 AutoZone, Inc. AZO 0.35%
 Public Service Enterprise Group Incorporated PEG 0.35%
 Hormel Foods Corporation HRL 0.35%
 ASML Holding N.V. (New York Registry Shares) ASML 0.35%
 Activision Blizzard, Inc. ATVI 0.35%
 Align Technology, Inc. ALGN 0.35%
 Zoetis Inc. ZTS 0.35%
 Cigna Corporation CI 0.35%
 Costco Wholesale Corporation COST 0.34%
 PACCAR Inc PCAR 0.34%
 Regeneron Pharmaceuticals, Inc. REGN 0.34%
 O'Reilly Automotive, Inc. ORLY 0.34%
 Hermes International (ADR) HESAY 0.34%
 Fastenal Company FAST 0.33%
 Electronic Arts Inc. EA 0.33%
 Centene Corporation CNC 0.33%
 Micron Technology, Inc. MU 0.32%
 The Progressive Corporation PGR 0.32%
 ResMed Inc. RMD 0.32%
 L'Oreal S.A. (ADR) LRLCY 0.32%
 Monster Beverage Corporation MNST 0.32%
 Walmart, Inc. WMT 0.31%
 The Procter & Gamble Company PG 0.31%
 Humana Inc. HUM 0.31%
 Toyota Motor Corporation (ADR) TM 0.31%
 Novo Nordisk A/S (ADR) NVO 0.31%
 Dollar General Corporation DG 0.31%
 Cadence Design Systems, Inc. CDNS 0.30%
 Merck & Co., Inc. MRK 0.29%
 The Clorox Company CLX 0.29%
 Ball Corporation BLL 0.29%
 Nestle S.A. (ADR) NSRGY 0.29%
 Sanofi (ADR) SNY 0.29%
 Tokyo Electron Limited (ADR) TOELY 0.29%
 Roche Holding AG (ADR) RHHBY 0.28%
 Accenture Plc ACN 0.28%
 KDDI Corporation (ADR) KDDIY 0.28%
 Linde Plc LIN 0.28%
 GlaxoSmithKline Plc (ADR) GSK 0.27%
 BHP Group Ltd (ADR) BHP 0.27%
 Advanced Micro Devices, Inc. AMD 0.27%
 British American Tobacco Plc (ADR) BTI 0.27%
 Rio Tinto Plc (ADR) RIO 0.27%
 Air Liquide S.A. (ADR) AIQUY 0.27%
 Vertex Pharmaceuticals Incorporated VRTX 0.26%
 Koninklijke Philips N.V. (New York Registry Shares) PHG 0.26%
 Royal Dutch Shell Plc (ADR) RDS/A 0.26%
 Schneider Electric SE (ADR) SBGSY 0.26%
 Sony Group Corp. (ADR) SONY 0.25%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.25%
 Nintendo Co., Ltd. (ADR) NTDOY 0.25%
 Zurich Insurance Group AG (ADR) ZURVY 0.24%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.24%
 Hoya Corporation (ADR) HOCPY 0.24%
 Enel SpA (ADR) ENLAY 0.23%
 Iberdrola S.A. (ADR) IBDRY 0.22%
 MasTec, Inc. MTZ 0.20%
 Dick's Sporting Goods, Inc. DKS 0.20%
 Murata Manufacturing Co. Ltd. (ADR) MRAAY 0.20%
 Williams-Sonoma, Inc. WSM 0.19%
 Snap-on Incorporated SNA 0.18%
 First Citizens BancShares, Inc. (Class A) FCNCA 0.18%
 People's United Financial, Inc. PBCT 0.17%
 The Hartford Financial Services Group, Inc. HIG 0.17%
 Expeditors International of Washington, Inc. EXPD 0.17%
 PulteGroup, Inc. PHM 0.17%
 Reliance Steel & Aluminum Co. RS 0.17%
 Generac Holdings Inc. GNRC 0.17%
 MDU Resources Group, Inc. MDU 0.16%
 Tractor Supply Company TSCO 0.16%
 NVR, Inc. NVR 0.16%
 Lennar Corporation LEN 0.16%
 Quanta Services, Inc. PWR 0.16%
 First American Financial Corporation FAF 0.16%
 Medpace Holdings, Inc. MEDP 0.16%
 Atmos Energy Corporation ATO 0.15%
 Universal Health Services, Inc. (Class B) UHS 0.15%
 Pinnacle West Capital Corporation PNW 0.15%
 The J.M. Smucker Company SJM 0.15%
 Lancaster Colony Corporation LANC 0.15%
 Molson Coors Beverage Company TAP 0.15%
 Watsco, Inc. WSO 0.15%
 The Boston Beer Company, Inc. SAM 0.15%
 Freshpet, Inc. FRPT 0.15%
 Avangrid, Inc. AGR 0.15%
 Landstar System, Inc. LSTR 0.14%
 Pool Corporation POOL 0.14%
 The Toro Company TTC 0.14%
 Henry Schein, Inc. HSIC 0.14%
 CACI International Inc. CACI 0.14%
 Darling Ingredients Inc. DAR 0.14%
 Knight-Swift Transportation Holdings Inc. KNX 0.14%
 Church & Dwight Co., Inc. CHD 0.13%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.13%
 Prosperity Bancshares, Inc. PB 0.13%
 Lithia Motors, Inc. LAD 0.13%
 Molina Healthcare, Inc. MOH 0.13%
 Dolby Laboratories, Inc. DLB 0.13%
 United Therapeutics Corporation UTHR 0.13%
 BioMarin Pharmaceutical Inc. BMRN 0.13%
 Teradyne, Inc. TER 0.12%
 Chemed Corporation CHE 0.12%
 Kemper Corporation KMPR 0.12%
 Tetra Tech, Inc. TTEK 0.12%
 Cabot Oil & Gas Corporation COG 0.12%
 National Instruments Corporation NATI 0.12%
 LHC Group, Inc. LHCG 0.12%
 NRG Energy, Inc. NRG 0.12%
 Ollie's Bargain Outlet Holdings, Inc. OLLI 0.12%
 The New York Times Company (Class A) NYT 0.11%
 Power Integrations, Inc. POWI 0.11%
 Take-Two Interactive Software, Inc. TTWO 0.11%
 Monolithic Power Systems, Inc. MPWR 0.11%
 Vistra Corp. VST 0.11%
 Commercial Metals Company CMC 0.10%
 LGI Homes, Inc. LGIH 0.10%
 American National Group, Inc. ANAT 0.10%
 Telephone and Data Systems, Inc. TDS 0.09%
 Insight Enterprises, Inc. NSIT 0.09%
 Amkor Technology, Inc. AMKR 0.09%
 Synaptics Incorporated SYNA 0.09%
 TTEC Holdings, Inc. TTEC 0.09%
 Crocs, Inc. CROX 0.09%
 Erie Indemnity Company ERIE 0.09%
 Simmons First National Corporation SFNC 0.08%
 Sanmina Corporation SANM 0.08%
 M.D.C. Holdings, Inc. MDC 0.08%
 United States Cellular Corporation USM 0.08%
 FTI Consulting, Inc. FCN 0.08%
 Meritage Homes Corporation MTH 0.08%
 World Wrestling Entertainment, Inc. WWE 0.08%
 National Beverage Corp. FIZZ 0.08%
 PS Business Parks, Inc. PSB 0.08%
 Hilltop Holdings Inc. HTH 0.08%
 Tri Pointe Homes, Inc. TPH 0.08%
 Southwest Gas Holdings, Inc. SWX 0.08%
 Werner Enterprises, Inc. WERN 0.07%
 Worthington Industries, Inc. WOR 0.07%
 Graham Holdings Company GHC 0.07%
 Trustmark Corporation TRMK 0.07%
 Vishay Intertechnology, Inc. VSH 0.07%
 Equity Commonwealth EQC 0.07%
 UniFirst Corporation UNF 0.07%
 World Fuel Services Corporation INT 0.07%
 Simpson Manufacturing Co., Inc. SSD 0.07%
 Silgan Holdings Inc. SLGN 0.07%
 Saia, Inc. SAIA 0.07%
 ALLETE, Inc. ALE 0.07%
 Hub Group, Inc. HUBG 0.07%
 California Water Service Group CWT 0.07%
 Quidel Corporation QDEL 0.07%
 Asbury Automotive Group, Inc. ABG 0.07%
 Matson, Inc. MATX 0.07%
 Stepan Company SCL 0.07%
 The Ensign Group, Inc. ENSG 0.07%
 NetScout Systems, Inc. NTCT 0.07%
 Murphy USA Inc. MUSA 0.07%
 ONE Gas, Inc. OGS 0.07%
 CareDx, Inc. CDNA 0.07%
 Houlihan Lokey, Inc. HLI 0.07%
 Schneider National, Inc. (Class B) SNDR 0.07%
 Haemonetics Corporation HAE 0.06%
 ICU Medical, Inc. ICUI 0.06%
 PriceSmart, Inc. PSMT 0.06%
 Diodes Incorporated DIOD 0.06%
 Stamps.com Inc. STMP 0.06%
 Badger Meter, Inc. BMI 0.06%
 ManTech International Corporation MANT 0.06%
 AAON, Inc. AAON 0.06%
 SPS Commerce, Inc. SPSC 0.06%
 Ameresco, Inc. (Class A) AMRC 0.06%
 Qualys, Inc. QLYS 0.06%
 Strategic Education, Inc. STRA 0.05%
 Gibraltar Industries, Inc. ROCK 0.05%
 Corcept Therapeutics Incorporated CORT 0.05%
 Renewable Energy Group, Inc. REGI 0.05%
 Cannae Holdings, Inc. CNNE 0.05%
 Organon & Co. OGN 0.01%
 
Total Number of Holdings:    236
Underlying Securities information represented above is as of 06/11/2021 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 April 20, 2021
$0.04500 May 20, 2021
$0.04500 June 18, 2021

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.

Brexit Risk. About one year after the United Kingdom officially departed the European Union (commonly referred to as "Brexit"), the United Kingdom and the European Union reached a trade agreement that became effective on December 31, 2020. It is not currently possible to determine the extent of the impact the Brexit trade agreement 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.

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.

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.

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.

Mortgage-Backed Securities Risk. Rising interest rates tend to extend the duration of mortgage-backed securities, making them more sensitive to changes in interest rates, and may reduce the market value of the securities. In addition, mortgage-backed securities are subject to prepayment risk, the risk that borrowers may pay off their mortgages sooner than expected, particularly when interest rates decline.

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.

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 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.

Fund Cusip Information
30317D684 (Cash)
30317D692 (Reinvest)
30317D700 (Cash-Fee)
30317D718 (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 professionals 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. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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