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       
 
 

SkyBridge Digital Innovation, 2  Ticker: FRRLTX
 
Description
A unit investment trust that seeks above-average capital appreciation by investing in companies involved in digital innovation and those that are closely correlated with digital assets (including Bitcoin) and blockchain. The portfolio will not directly invest in Bitcoin or other cryptocurrencies.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: SKDI2
Portfolio Status: Secondary
Initial Offer Date: 08/23/2021
Secondary Date: 11/19/2021
Portfolio Ending Date: 11/23/2022
Tax Structure: Grantor
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.0401
POP(*): $10.1775
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 12/03/2021 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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 0.00%
Consumer Discretionary  Consumer Discretionary 0.00%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 0.00%
Financials  Financials 35.79%
Health Care  Health Care 0.00%
Industrials  Industrials 0.00%
Information Technology  Information Technology 64.21%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
 
  Large Mid Small  
Growth  37.93% 6.21% 38.23%  
Value  7.69% 9.94% 0.00%  

 Style Weighting
Large-Cap Growth 37.93%
Large-Cap Value 7.69%
Mid-Cap Growth 6.21%
Mid-Cap Value 9.94%
Small-Cap Growth 38.23%
Small-Cap Value 0.00%
Undetermined 0.00%
 Composition
U.S. Stocks 86.87%   Other 0.00%
Non-U.S. Stocks 13.13%      
The style and sector characteristics of the portfolio are determined as of 12/03/2021 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $122,270.51
Price/Earnings 39.15
Price/Book 5.78
As of 12/3/2021
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Silvergate Capital Corporation (Class A) SI Financials  Financials Small-Cap Growth 10.81%
 Marathon Digital Holdings, Inc. MARA Information Technology  Information Technology Small-Cap Growth 8.37%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 8.30%
 Signature Bank SBNY Financials  Financials Mid-Cap Value 8.27%
 Advanced Micro Devices, Inc. AMD Information Technology  Information Technology Large-Cap Growth 7.79%
 Coinbase Global, Inc. (Class A) COIN Financials  Financials Large-Cap Growth 7.35%
 MicroStrategy Incorporated MSTR Information Technology  Information Technology Mid-Cap Growth 6.21%
 Riot Blockchain, Inc. RIOT Information Technology  Information Technology Small-Cap Growth 5.92%
 Square, Inc. (Class A) SQ Information Technology  Information Technology Large-Cap Growth 4.91%
 Visa Inc. (Class A) V Information Technology  Information Technology Large-Cap Growth 4.83%
 PayPal Holdings, Inc. PYPL Information Technology  Information Technology Large-Cap Growth 4.75%
 Hut 8 Mining Corp. HUT Information Technology  Information Technology Small-Cap Growth 4.02%
 Interactive Brokers Group, Inc. (Class A) IBKR Financials  Financials Large-Cap Value 4.01%
 Bitfarms Limited of Canada BITF Information Technology  Information Technology Small-Cap Growth 4.01%
 Intercontinental Exchange, Inc. ICE Financials  Financials Large-Cap Value 3.68%
 HIVE Blockchain Technologies Ltd. HIVE Information Technology  Information Technology Small-Cap Growth 2.90%
 Voyager Digital Ltd. VYGVF Information Technology  Information Technology Small-Cap Growth 2.20%
 Robinhood Markets, Inc. (Class A) HOOD Financials  Financials Mid-Cap Value 1.67%
 
Total Number of Holdings:    18
Underlying Securities information represented above is as of 12/03/2021 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 December 20, 2021
$0.04500 January 20, 2022
$0.04500 February 18, 2022

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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

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.

Digital Innovation Risk. Digital innovation companies are those which derive at least 50% of their revenues from, or dedicate at least 50% of their assets to: investing in digital assets; facilitating the processing of electronic transactions for digital assets, securities and fiat currencies; manufacturing semiconductors necessary for the implementation of digitally innovative technology; digital asset miners, digital asset software developers, digital asset custody and security, digital asset trading, and digital asset exchanges. For purposes of the Trust, "digital assets" include virtual currencies, cryptocurrencies and other assets that are issued and/or transferred using technological innovations, including blockchain technology. "Blockchain technology" refers to a type of distributed ledger, or decentralized database that keeps continuously updated digital records of who owns a particular asset.

An investment in digital asset companies is subject to risks associated with investing in digital assets, including cryptocurrencies and crypto tokens. Such companies may be subject to the risk that: the technology that facilitates the transfer of a cryptocurrency could fail; the decentralized, open source protocol of the applicable blockchain network could be affected by Internet connectivity disruptions, fraud, consensus failures or cybersecurity attacks; such network may not be adequately maintained by its participants; because crypto assets are a new technological innovation with a limited history, they are highly speculative asset; future regulatory actions or policies may limit the ability to sell, exchange or use a crypto asset; the price of a crypto asset may be impacted by the transactions of a small number of holders of such crypto asset; and that a crypto asset will decline in popularity, acceptance or use, thereby impairing its price.

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

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.

Technology Risk. The companies engaged in the information technology sector are subject to fierce competition, high research and development costs, and their products and services may be subject to rapid obsolescence. Technology company stocks, especially those which are Internet-related, may experience extreme price and volume fluctuations that are often unrelated to their operating performance.

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.

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
30321R588 (Cash)
30321R596 (Reinvest)
30321R604 (Cash-Fee)
30321R612 (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.