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40/60 Strategic Allocation, 3rd Qtr 2021  Ticker: FEHJFX
 
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: 4S3Q21
Portfolio Status: Primary
Initial Offer Date: 07/13/2021
Portfolio Ending Date: 10/17/2022
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.8239
POP(*): $9.9582
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 09/20/2021 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 9/20/2021) Per Unit (as of 9/20/2021)
2.42% $0.24130
^ 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. 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
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 2.74%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 2.73%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 2.72%
 Invesco Senior Loan ETF BKLN 2.71%
 First Trust Senior Loan Fund FTSL 2.71%
 SPDR Blackstone Senior Loan ETF SRLN 2.71%
 iShares CMBS ETF CMBS 2.71%
 First Trust Tactical High Yield ETF HYLS 2.70%
 iShares Core 10+ Year USD Bond ETF ILTB 2.46%
 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 2.45%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 2.42%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 2.42%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 2.42%
 First Trust Low Duration Opportunities ETF LMBS 2.41%
 iShares Broad USD High Yield Corporate Bond ETF USHY 2.41%
 SPDR Portfolio High Yield Bond ETF SPHY 2.41%
 Invesco Preferred ETF PGX 2.38%
 iShares 10-20 Year Treasury Bond ETF TLH 2.16%
 iShares MBS ETF MBB 2.12%
 iShares iBoxx $ High Yield Corporate Bond ETF HYG 2.11%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 2.11%
 SPDR Bloomberg Barclays Short Term High Yield Bond ETF SJNK 2.11%
 Invesco Emerging Markets Sovereign Debt ETF PCY 2.10%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 2.10%
 VanEck J.P. Morgan EM Local Currency Bond ETF EMLC 2.07%
 Blackstone Inc. BX 0.41%
 Chipotle Mexican Grill, Inc. CMG 0.39%
 Regeneron Pharmaceuticals, Inc. REGN 0.38%
 Old Dominion Freight Line, Inc. ODFL 0.38%
 EPAM Systems, Inc. EPAM 0.38%
 Costco Wholesale Corporation COST 0.37%
 Alphabet Inc. (Class A) GOOGL 0.37%
 Microsoft Corporation MSFT 0.36%
 Adobe Incorporated ADBE 0.36%
 salesforce.com, inc. CRM 0.36%
 The Procter & Gamble Company PG 0.35%
 Cisco Systems, Inc. CSCO 0.35%
 American Tower Corporation AMT 0.35%
 Archer-Daniels-Midland Company ADM 0.34%
 AutoZone, Inc. AZO 0.34%
 Public Service Enterprise Group Incorporated PEG 0.34%
 O'Reilly Automotive, Inc. ORLY 0.34%
 Philip Morris International Inc. PM 0.34%
 Dollar General Corporation DG 0.34%
 Facebook, Inc. (Class A) FB 0.34%
 Monster Beverage Corporation MNST 0.34%
 Automatic Data Processing, Inc. ADP 0.33%
 Eli Lilly and Company LLY 0.33%
 Oracle Corporation ORCL 0.33%
 Nucor Corporation NUE 0.33%
 Aflac Incorporated AFL 0.33%
 The Hershey Company HSY 0.33%
 Fastenal Company FAST 0.33%
 American Electric Power Company, Inc. AEP 0.33%
 Applied Materials, Inc. AMAT 0.33%
 T. Rowe Price Group, Inc. TROW 0.33%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.33%
 Sempra Energy SRE 0.33%
 D.R. Horton, Inc. DHI 0.33%
 The Travelers Companies, Inc. TRV 0.33%
 L3Harris Technologies Inc. LHX 0.33%
 Lennar Corporation LEN 0.33%
 Moody's Corporation MCO 0.33%
 Target Corporation TGT 0.32%
 Deere & Company DE 0.32%
 The Allstate Corporation ALL 0.32%
 ASML Holding N.V. (New York Registry Shares) ASML 0.32%
 Northrop Grumman Corporation NOC 0.32%
 Mondelez International, Inc. MDLZ 0.32%
 Xcel Energy Inc. XEL 0.31%
 Intel Corporation INTC 0.31%
 Vertex Pharmaceuticals Incorporated VRTX 0.31%
 The Progressive Corporation PGR 0.31%
 Novo Nordisk A/S (ADR) NVO 0.31%
 Crown Castle International Corp. CCI 0.31%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.31%
 Veeva Systems Inc. (Class A) VEEV 0.31%
 Tokyo Electron Limited (ADR) TOELY 0.31%
 Lockheed Martin Corporation LMT 0.30%
 Amazon.com, Inc. AMZN 0.30%
 Air Products and Chemicals, Inc. APD 0.30%
 3M Company MMM 0.30%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.30%
 KDDI Corporation (ADR) KDDIY 0.30%
 Humana Inc. HUM 0.29%
 Newmont Corporation NEM 0.29%
 Chubb Limited CB 0.29%
 Centene Corporation CNC 0.29%
 Accenture Plc ACN 0.29%
 Cigna Corporation CI 0.29%
 Sony Group Corp. (ADR) SONY 0.28%
 Biogen Inc. BIIB 0.28%
 Activision Blizzard, Inc. ATVI 0.28%
 Kinder Morgan, Inc. KMI 0.28%
 CSL Limited (ADR) CSLLY 0.28%
 Zurich Insurance Group AG (ADR) ZURVY 0.27%
 A.P. Moeller - Maersk A/S (Class B) (ADR) AMKBY 0.27%
 Hermes International (ADR) HESAY 0.27%
 GlaxoSmithKline Plc (ADR) GSK 0.26%
 Toyota Motor Corporation (ADR) TM 0.26%
 Nestle S.A. (ADR) NSRGY 0.26%
 L'Oreal S.A. (ADR) LRLCY 0.26%
 Roche Holding AG (ADR) RHHBY 0.25%
 SAP SE (ADR) SAP 0.25%
 Honda Motor Co., Ltd. (ADR) HMC 0.25%
 British American Tobacco Plc (ADR) BTI 0.25%
 Sanofi (ADR) SNY 0.25%
 Air Liquide S.A. (ADR) AIQUY 0.25%
 Novartis AG (ADR) NVS 0.24%
 Iberdrola S.A. (ADR) IBDRY 0.24%
 Volkswagen AG (ADR) VWAGY 0.24%
 SoftBank Group Corp. (ADR) SFTBY 0.23%
 Nintendo Co., Ltd. (ADR) NTDOY 0.22%
 Rio Tinto Plc (ADR) RIO 0.21%
 BHP Group Ltd (ADR) BHP 0.19%
 Dick's Sporting Goods, Inc. DKS 0.18%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.16%
 West Pharmaceutical Services, Inc. WST 0.16%
 Tractor Supply Company TSCO 0.15%
 Quest Diagnostics Incorporated DGX 0.15%
 Williams-Sonoma, Inc. WSM 0.15%
 Cabot Oil & Gas Corporation COG 0.15%
 AutoNation, Inc. AN 0.15%
 Deckers Outdoor Corporation DECK 0.15%
 Houlihan Lokey, Inc. HLI 0.15%
 Entergy Corporation ETR 0.14%
 The Cooper Companies, Inc. COO 0.14%
 Landstar System, Inc. LSTR 0.14%
 Alliant Energy Corporation LNT 0.14%
 Laboratory Corporation of America Holdings LH 0.14%
 First Solar, Inc. FSLR 0.14%
 First American Financial Corporation FAF 0.14%
 Knight-Swift Transportation Holdings Inc. KNX 0.14%
 CDW Corporation CDW 0.14%
 Evergy, Inc. EVRG 0.14%
 Cincinnati Financial Corporation CINF 0.13%
 Kellogg Company K 0.13%
 MDU Resources Group, Inc. MDU 0.13%
 Universal Health Services, Inc. (Class B) UHS 0.13%
 The J.M. Smucker Company SJM 0.13%
 Snap-on Incorporated SNA 0.13%
 Incyte Corporation INCY 0.13%
 Best Buy Co., Inc. BBY 0.13%
 Neurocrine Biosciences, Inc. NBIX 0.13%
 Expeditors International of Washington, Inc. EXPD 0.13%
 SEI Investments Company SEIC 0.13%
 Chemed Corporation CHE 0.13%
 NVR, Inc. NVR 0.13%
 Pool Corporation POOL 0.13%
 Akamai Technologies, Inc. AKAM 0.13%
 CACI International Inc. CACI 0.13%
 Iron Mountain Incorporated IRM 0.13%
 Markel Corporation MKL 0.13%
 Watsco, Inc. WSO 0.13%
 Celanese Corporation CE 0.13%
 Erie Indemnity Company ERIE 0.13%
 BioMarin Pharmaceutical Inc. BMRN 0.13%
 Evercore Inc. EVR 0.13%
 Fidelity National Financial, Inc. FNF 0.13%
 Digital Turbine, Inc. APPS 0.13%
 Medpace Holdings, Inc. MEDP 0.13%
 Pinnacle West Capital Corporation PNW 0.12%
 PulteGroup, Inc. PHM 0.12%
 Old Republic International Corporation ORI 0.12%
 Teradyne, Inc. TER 0.12%
 The Toro Company TTC 0.12%
 Take-Two Interactive Software, Inc. TTWO 0.12%
 A.O. Smith Corporation AOS 0.12%
 j2 Global, Inc. JCOM 0.12%
 Reliance Steel & Aluminum Co. RS 0.12%
 Generac Holdings Inc. GNRC 0.12%
 Foot Locker, Inc. FL 0.11%
 Ollie's Bargain Outlet Holdings, Inc. OLLI 0.10%
 ICU Medical, Inc. ICUI 0.08%
 Casella Waste Systems, Inc. CWST 0.08%
 Saia, Inc. SAIA 0.08%
 Amedisys, Inc. AMED 0.08%
 National Beverage Corp. FIZZ 0.08%
 Quidel Corporation QDEL 0.08%
 Shutterstock, Inc. SSTK 0.08%
 Murphy USA Inc. MUSA 0.08%
 Blueprint Medicines Corporation BPMC 0.08%
 Atkore Inc. ATKR 0.08%
 American National Group, Inc. ANAT 0.08%
 Werner Enterprises, Inc. WERN 0.07%
 IDACORP, Inc. IDA 0.07%
 Sanmina Corporation SANM 0.07%
 UniFirst Corporation UNF 0.07%
 Simpson Manufacturing Co., Inc. SSD 0.07%
 Sanderson Farms, Inc. SAFM 0.07%
 RLI Corp. RLI 0.07%
 FTI Consulting, Inc. FCN 0.07%
 Meritage Homes Corporation MTH 0.07%
 Franklin Electric Co., Inc. FELE 0.07%
 Hub Group, Inc. HUBG 0.07%
 Stamps.com Inc. STMP 0.07%
 Seaboard Corporation SEB 0.07%
 Greif, Inc. GEF 0.07%
 The Boston Beer Company, Inc. SAM 0.07%
 World Wrestling Entertainment, Inc. WWE 0.07%
 PS Business Parks, Inc. PSB 0.07%
 Tri Pointe Homes, Inc. TPH 0.07%
 Premier, Inc. (Class A) PINC 0.07%
 Moelis & Company MC 0.07%
 ServisFirst Bancshares, Inc. SFBS 0.07%
 Acushnet Holdings Corp. GOLF 0.07%
 Southwest Gas Holdings, Inc. SWX 0.07%
 Flowers Foods, Inc. FLO 0.06%
 Graham Holdings Company GHC 0.06%
 Telephone and Data Systems, Inc. TDS 0.06%
 Lancaster Colony Corporation LANC 0.06%
 Brady Corporation BRC 0.06%
 MAXIMUS, Inc. MMS 0.06%
 United States Cellular Corporation USM 0.06%
 Silgan Holdings Inc. SLGN 0.06%
 Commercial Metals Company CMC 0.06%
 Coca-Cola Consolidated Inc. COKE 0.06%
 Mercury General Corporation MCY 0.06%
 TTEC Holdings, Inc. TTEC 0.06%
 The Hanover Insurance Group, Inc. THG 0.06%
 ManTech International Corporation MANT 0.06%
 Hilltop Holdings Inc. HTH 0.06%
 Stepan Company SCL 0.06%
 Grand Canyon Education, Inc. LOPE 0.06%
 Dorman Products, Inc. DORM 0.06%
 Piedmont Office Realty Trust, Inc. PDM 0.06%
 LGI Homes, Inc. LGIH 0.06%
 Sage Therapeutics, Inc. SAGE 0.06%
 Cannae Holdings, Inc. CNNE 0.06%
 Owens & Minor, Inc. OMI 0.05%
 Allscripts Healthcare Solutions, Inc. MDRX 0.05%
 Medifast, Inc. MED 0.05%
 Agios Pharmaceuticals, Inc. AGIO 0.05%
 CareDx, Inc. CDNA 0.05%
 Cassava Sciences, Inc. SAVA 0.03%
 
Total Number of Holdings:    235
Underlying Securities information represented above is as of 09/20/2021 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.01%
  Deferred:  1.36%
C&D Fee:    0.50%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30320N703 Cash Monthly
30320N711 Reinvest Monthly
* Based on the offer price as of 09/20/2021 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.51%
Maximum Sales Charge:   0.51%
CUSIP Type Distribution
30320N729 Cash-Fee Monthly
30320N737 Reinvest-Fee Monthly
* Based on the NAV price as of 09/20/2021 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 October 20, 2021
$0.04500 November 19, 2021
$0.04500 December 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.

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 caused significant volatility and declines in global financial markets, causing losses for investors. The development of vaccines has slowed the spread of the virus and allowed for the resumption of "reasonably" normal business activity in the United States, although many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

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
30320N703 (Cash)
30320N711 (Reinvest)
30320N729 (Cash-Fee)
30320N737 (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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