Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       

Low Volatility, 23  Ticker: FWKHQX
A unit investment trust that seeks above-average capital appreciation by investing in well-capitalized companies which have displayed low price fluctuations over time while also retaining capital growth potential.
Please note that there is no assurance the objective will be met.
Product Code: LVOL23
Portfolio Status: Primary
Initial Offer Date: 02/19/2021
Portfolio Ending Date: 05/19/2022
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
Initial Offer Price: $10.0000
NAV(*): $10.6741
POP(*): $10.8244
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 04/12/2021 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 4/12/2021) Per Unit (as of 4/9/2021)
2.17% $0.23470
^ 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 9.72%
Consumer Discretionary  Consumer Discretionary 1.88%
Consumer Staples  Consumer Staples 23.53%
Energy  Energy 0.00%
Financials  Financials 10.25%
Health Care  Health Care 9.56%
Industrials  Industrials 12.39%
Information Technology  Information Technology 4.05%
Materials  Materials 2.03%
Real Estate  Real Estate 2.11%
Utilities  Utilities 24.07%
Other  Other 0.41%
  Large Mid Small  
Growth  24.19% 11.80% 0.00%  
Value  43.64% 19.96% 0.00%  

 Style Weighting
Large-Cap Growth 24.19%
Large-Cap Value 43.64%
Mid-Cap Growth 11.80%
Mid-Cap Value 19.96%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.41%
U.S. Stocks 97.52%   Other 0.41%
Non-U.S. Stocks 2.07%      
The style and sector characteristics of the portfolio are determined as of 04/12/2021 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $119,466.65
Price/Earnings 21.35
Price/Book 3.19
As of 4/12/2021
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 Altria Group, Inc. MO Consumer Staples  Consumer Staples Large-Cap Growth 2.21%
 Expeditors International of Washington, Inc. EXPD Industrials  Industrials Mid-Cap Growth 2.15%
 Northrop Grumman Corporation NOC Industrials  Industrials Large-Cap Value 2.14%
 Public Storage PSA Real Estate  Real Estate Large-Cap Growth 2.11%
 WEC Energy Group, Inc. WEC Utilities  Utilities Large-Cap Value 2.09%
 The Allstate Corporation ALL Financials  Financials Large-Cap Value 2.09%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 2.09%
 Republic Services, Inc. RSG Industrials  Industrials Large-Cap Value 2.09%
 The J.M. Smucker Company SJM Consumer Staples  Consumer Staples Mid-Cap Value 2.08%
 Arthur J. Gallagher & Co. AJG Financials  Financials Mid-Cap Value 2.08%
 Accenture Plc ACN Information Technology  Information Technology Large-Cap Growth 2.07%
 Xcel Energy Inc. XEL Utilities  Utilities Large-Cap Value 2.05%
 Berkshire Hathaway Inc. (Class B) BRK/B Financials  Financials Large-Cap Value 2.05%
 The Progressive Corporation PGR Financials  Financials Large-Cap Value 2.04%
 NiSource Inc. NI Utilities  Utilities Mid-Cap Value 2.03%
 Ameren Corporation AEE Utilities  Utilities Mid-Cap Value 2.03%
 Air Products and Chemicals, Inc. APD Materials  Materials Large-Cap Value 2.03%
 3M Company MMM Industrials  Industrials Large-Cap Growth 2.03%
 Alphabet Inc. (Class A) GOOGL Communication Services  Communication Services Large-Cap Growth 2.03%
 Duke Energy Corporation DUK Utilities  Utilities Large-Cap Value 2.02%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 2.02%
 American Electric Power Company, Inc. AEP Utilities  Utilities Large-Cap Value 2.01%
 Kellogg Company K Consumer Staples  Consumer Staples Mid-Cap Growth 2.00%
 Consolidated Edison, Inc. ED Utilities  Utilities Mid-Cap Value 2.00%
 Pinnacle West Capital Corporation PNW Utilities  Utilities Mid-Cap Value 2.00%
 T-Mobile US, Inc. TMUS Communication Services  Communication Services Large-Cap Value 2.00%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 1.99%
 Marsh & McLennan Companies, Inc. MMC Financials  Financials Large-Cap Growth 1.99%
 CMS Energy Corporation CMS Utilities  Utilities Mid-Cap Value 1.99%
 Juniper Networks, Inc. JNPR Information Technology  Information Technology Mid-Cap Value 1.98%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 1.97%
 Public Service Enterprise Group Incorporated PEG Utilities  Utilities Large-Cap Value 1.96%
 Church & Dwight Co., Inc. CHD Consumer Staples  Consumer Staples Mid-Cap Growth 1.96%
 Atmos Energy Corporation ATO Utilities  Utilities Mid-Cap Value 1.95%
 General Mills, Inc. GIS Consumer Staples  Consumer Staples Large-Cap Value 1.95%
 Mondelez International, Inc. MDLZ Consumer Staples  Consumer Staples Large-Cap Value 1.95%
 Eversource Energy ES Utilities  Utilities Large-Cap Value 1.94%
 Campbell Soup Company CPB Consumer Staples  Consumer Staples Mid-Cap Growth 1.93%
 AT&T Inc. T Communication Services  Communication Services Large-Cap Value 1.91%
 Kimberly-Clark Corporation KMB Consumer Staples  Consumer Staples Large-Cap Growth 1.91%
 Verizon Communications Inc. VZ Communication Services  Communication Services Large-Cap Value 1.89%
 PACCAR Inc PCAR Industrials  Industrials Large-Cap Value 1.89%
 Comcast Corporation (Class A) CMCSA Communication Services  Communication Services Large-Cap Value 1.89%
 Cerner Corporation CERN Health Care  Health Care Mid-Cap Growth 1.89%
 Merck & Co., Inc. MRK Health Care  Health Care Large-Cap Growth 1.88%
 Walmart, Inc. WMT Consumer Staples  Consumer Staples Large-Cap Value 1.88%
 Dollar General Corporation DG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.88%
 The Clorox Company CLX Consumer Staples  Consumer Staples Mid-Cap Growth 1.87%
 Hormel Foods Corporation HRL Consumer Staples  Consumer Staples Mid-Cap Value 1.82%
 Becton, Dickinson and Company BDX Health Care  Health Care Large-Cap Value 1.78%
Total Number of Holdings:    50
Underlying Securities information represented above is as of 04/12/2021 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.14%
  Deferred:  1.25%
C&D Fee:    0.46%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30317X268 Cash Semi-Annual
30317X276 Reinvest Semi-Annual
* Based on the offer price as of 04/12/2021 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.47%
Maximum Sales Charge:   0.47%
CUSIP Type Distribution
30317X284 Cash-Fee Semi-Annual
30317X292 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 04/12/2021 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 May 20, 2021
$0.04500 June 18, 2021
$0.04500 July 20, 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.

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.

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.

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.

Fund Cusip Information
30317X268 (Cash)
30317X276 (Reinvest)
30317X284 (Cash-Fee)
30317X292 (Reinvest-Fee)
Printer Friendly Page Printer Friendly Page

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)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2021 All rights reserved.