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Corporate Investment Grade Laddered, 16  Ticker: FLQTVX
 
Description
This unit investment trust seeks current income and capital preservation by investing in a laddered portfolio of investment grade corporate bonds.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: CLAD16
Portfolio Status: Secondary
Initial Offer Date: 04/06/2021
Secondary Date: 07/29/2021
Wtd Avg Maturity: 4.0
ELTR Life: 4.0
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,113.8900
NAV(*): $740.3000
POP(*): Not Avail
PAR(*): $805.8000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 05/17/2024 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
30319H105 Monthly $0.7900 $25.7900
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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
037833ED8 200,000 APPLE INC 1.65%, due 02/08/2031  AA+   1.65000 02/08/2031M 11/08/2030 100.0000
05348EBF5 150,000 AVALONBAY COMMUNITIES 3.30%, due 06/01/2029  A-   3.30000 06/01/2029M 03/01/2029 100.0000
05723KAE0 200,000 BAKER HUGHES LLC/CO-OBL 3.337%, due 12/15/2027  A-   3.33700 12/15/2027M 09/15/2027 100.0000
06051GFS3 170,000 BANK OF AMERICA CORP 3.875%, due 08/01/2025  A-   3.87500 08/01/2025M    
05565QDN5 170,000 BP CAPITAL MARKETS PLC 3.279%, due 09/19/2027  A-   3.27900 09/19/2027M 06/19/2027 100.0000
20030NDM0 170,000 COMCAST CORP 1.95%, due 01/15/2031  A-   1.95000 01/15/2031M 10/15/2030 100.0000
33938EAU1 200,000 FLEX LTD 4.75%, due 06/15/2025  BBB-   4.75000 06/15/2025M 03/15/2025 100.0000
459200AM3 175,000 IBM CORP NTS DEBENTURES, 7%, due 10/30/2025  A-   7.00000 10/30/2025M    
466313AK9 115,000 JABIL INC 3%, due 01/15/2031  BBB-   3.00000 01/15/2031M 10/15/2030 100.0000
47233JAG3 140,000 JEFFERIES GRP LLC / CAP 4.85%, due 01/15/2027  BBB   4.85000 01/15/2027M    
559222AR5 180,000 MAGNA INTERNATIONAL INC 4.15%, due 10/01/2025  A-   4.15000 10/01/2025M 07/01/2025 100.0000
665772BN8 90,000 NORTHERN STATES PWR-MINN N/C, 7.125%, due 07/01/2025  A   7.12500 07/01/2025M    
68389XBN4 200,000 ORACLE CORP 3.25%, due 11/15/2027  BBB   3.25000 11/15/2027M 08/15/2027 100.0000
718549AH1 160,000 PHILLIPS 66 PARTNERS LP 3.15%, due 12/15/2029  NR   3.15000 12/15/2029M 09/15/2029 100.0000
74460DAD1 160,000 PUBLIC STORAGE OP CO 3.385%, due 05/01/2029  A   3.38500 05/01/2029M 02/01/2029 100.0000
828807DF1 200,000 SIMON PROPERTY GROUP LP 2.45%, due 09/13/2029  A-   2.45000 09/13/2029M 06/13/2029 100.0000
86562MAR1 120,000 SUMITOMO MITSUI FINL GRP N/C, 3.364%, due 07/12/2027  A-   3.36400 07/12/2027M    
872540AW9 170,000 TJX COS INC 1.60%, due 05/15/2031  A   1.60000 05/15/2031M 02/15/2031 100.0000
95040QAM6 180,000 WELLTOWER INC 2.80%, due 06/01/2031  BBB+   2.80000 06/01/2031M 03/01/2031 100.0000
963320AW6 155,000 WHIRLPOOL CORP 4.75%, due 02/26/2029  BBB-   4.75000 02/26/2029M 11/26/2028 100.0000
 
Total Number of Holdings:    20


Risk Considerations

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.

COVID-19 Economic Impact Risk. The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

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.

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.

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.

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
30319H105 (Cash)
30319H113 (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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