Senior Loan and Dividend Growers, 31  Ticker: FZBTFX
 
Description
This unit investment trust invests in common stocks of companies with a history of dividend growth and the capacity to increase their dividends over time, as well as closed-end funds and exchange-traded funds which invest in senior loan floating rate securities. The portfolio seeks to provide current monthly income and capital appreciation.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: SLDV31
Portfolio Status: Secondary
Initial Offer Date: 06/23/2021
Secondary Date: 09/16/2021
Portfolio Ending Date: 06/23/2023
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.8480
POP(*): $10.0747
Remaining Deferred Sales Charge: $0.2250
* As of Trade Date: 10/15/2021 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 10/15/2021) Per Unit (as of 10/11/2021)
3.47% $0.35000
^ 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
 Invesco Senior Loan ETF BKLN 6.13%
 First Trust Senior Loan Fund FTSL 6.11%
 Franklin Liberty Senior Loan ETF FLBL 6.09%
 SPDR Blackstone Senior Loan ETF SRLN 6.06%
 Jefferies Financial Group Inc. JEF 2.71%
 BlackRock Floating Rate Income Strategies Fund, Inc. FRA 2.57%
 Nuveen Floating Rate Income Opportunity Fund JRO 2.57%
 BlackRock Floating Rate Income Trust BGT 2.57%
 Nuveen Floating Rate Income Fund JFR 2.55%
 Blackstone Long-Short Credit Income Fund BGX 2.54%
 Apollo Senior Floating Rate Fund Inc. AFT 2.53%
 Blackstone Senior Floating Rate Term Fund BSL 2.50%
 Invesco Senior Income Trust VVR 2.46%
 Pioneer Floating Rate Fund Inc. PHD 2.45%
 Nuveen Credit Strategies Income Fund JQC 2.42%
 First American Financial Corporation FAF 2.34%
 NetApp, Inc. NTAP 2.27%
 KeyCorp KEY 2.21%
 The Home Depot, Inc. HD 2.16%
 JPMorgan Chase & Co. JPM 2.16%
 U.S. Bancorp USB 2.12%
 Tyson Foods, Inc. (Class A) TSN 2.11%
 Cisco Systems, Inc. CSCO 2.07%
 General Dynamics Corporation GD 2.07%
 Citizens Financial Group, Inc. CFG 2.05%
 Citigroup Inc. C 2.01%
 American Electric Power Company, Inc. AEP 1.96%
 The Allstate Corporation ALL 1.92%
 Johnson & Johnson JNJ 1.91%
 ViacomCBS Inc. VIAC 1.91%
 Alliant Energy Corporation LNT 1.91%
 M.D.C. Holdings, Inc. MDC 1.86%
 LyondellBasell Industries N.V. LYB 1.86%
 The J.M. Smucker Company SJM 1.84%
 Lockheed Martin Corporation LMT 1.82%
 3M Company MMM 1.82%
 United Parcel Service, Inc. (Class B) UPS 1.81%
 Newmont Corporation NEM 1.78%
 Amgen Inc. AMGN 1.69%
 
Total Number of Holdings:    39
Underlying Securities information represented above is as of 10/14/2021 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 October 20, 2021
$0.07500 November 19, 2021
$0.07500 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.

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.

Closed-End Fund and ETF Risk. Closed-end funds and 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, closed-end funds 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 and closed-end funds frequently trade at a discount from their net asset value in the secondary market. Certain closed-end funds in which the portfolio invests may employ the use of leverage, which increases the volatility of such funds.

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.

Floating Rate LIBOR Risk. Certain of the floating-rate securities pay interest based on LIBOR. The United Kingdom's Financial Conduct Authority, which regulates LIBOR, will cease making LIBOR available as a reference rate over a phase-out period that will begin immediately after December 31, 2021. The unavailability or replacement of LIBOR may affect the value, liquidity or return on certain portfolio investments. Any potential effects of the transition away from LIBOR can be difficult to ascertain, and they may vary depending on a variety of factors and they could result in losses to the portfolio.

Floating Rate Risk. Certain of the funds invest in floating-rate securities. A floating-rate security is an instrument in which the interest rate payable on the obligation fluctuates on a periodic basis based upon changes in an interest rate benchmark. As a result, the yield on such a security will generally decline in a falling interest rate environment, causing the trust to experience a reduction in the income it receives from such securities.   

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.

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.