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       

40/60 Strategic Allocation, 2nd Qtr 2022  Ticker: FWZWLX
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.
Product Code: 4S2Q22
Portfolio Status: Primary
Initial Offer Date: 04/12/2022
Portfolio Ending Date: 07/17/2023
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.1865
POP(*): $9.3088
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 06/24/2022 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 6/24/2022) Per Unit (as of 6/24/2022)
2.85% $0.26500
^ 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  
 iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB 2.54%
 First Trust Low Duration Opportunities ETF LMBS 2.54%
 iShares Core 1-5 Year USD Bond ETF ISTB 2.54%
 Vanguard Short-Term Corporate Bond ETF VCSH 2.53%
 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 2.51%
 Vanguard Mortgage-Backed Securities ETF VMBS 2.50%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 2.50%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 2.48%
 iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB 2.47%
 SPDR ICE Preferred Securities ETF PSK 2.47%
 Vanguard Total International Bond ETF BNDX 2.47%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 2.46%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 2.46%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 2.46%
 Invesco Preferred ETF PGX 2.45%
 SPDR Bloomberg Short Term High Yield Bond ETF SJNK 2.45%
 First Trust Senior Loan Fund FTSL 2.44%
 Invesco Senior Loan ETF BKLN 2.43%
 SPDR Blackstone Senior Loan ETF SRLN 2.43%
 Xtrackers USD High Yield Corporate Bond ETF HYLB 2.42%
 iShares Broad USD High Yield Corporate Bond ETF USHY 2.42%
 SPDR Portfolio High Yield Bond ETF SPHY 2.41%
 FlexShares High Yield Value-Scored Bond Index Fund HYGV 2.37%
 First Trust Tactical High Yield ETF HYLS 2.30%
 Invesco Emerging Markets Sovereign Debt ETF PCY 2.28%
 Exxon Mobil Corporation XOM 0.37%
 AutoZone, Inc. AZO 0.37%
 Vertex Pharmaceuticals Incorporated VRTX 0.37%
 Cigna Corporation CI 0.37%
 Johnson & Johnson JNJ 0.36%
 Humana Inc. HUM 0.36%
 Cummins Inc. CMI 0.36%
 Northrop Grumman Corporation NOC 0.36%
 Dollar General Corporation DG 0.36%
 The Coca-Cola Company KO 0.35%
 The Hershey Company HSY 0.35%
 The Progressive Corporation PGR 0.35%
 Mondelez International, Inc. MDLZ 0.35%
 Old Dominion Freight Line, Inc. ODFL 0.35%
 United Parcel Service, Inc. (Class B) UPS 0.34%
 Keysight Technologies, Inc. KEYS 0.34%
 Xcel Energy Inc. XEL 0.33%
 Tyson Foods, Inc. (Class A) TSN 0.33%
 HP Inc. HPQ 0.33%
 Microsoft Corporation MSFT 0.33%
 Becton, Dickinson and Company BDX 0.33%
 American Electric Power Company, Inc. AEP 0.33%
 EOG Resources, Inc. EOG 0.33%
 ConocoPhillips COP 0.33%
 Marsh & McLennan Companies, Inc. MMC 0.33%
 QUALCOMM Incorporated QCOM 0.33%
 L3Harris Technologies Inc. LHX 0.33%
 Walgreens Boots Alliance, Inc. WBA 0.33%
 Alphabet Inc. (Class A) GOOGL 0.33%
 Moderna, Inc. MRNA 0.33%
 UnitedHealth Group Incorporated UNH 0.32%
 Abbott Laboratories ABT 0.32%
 The Procter & Gamble Company PG 0.32%
 W.W. Grainger, Inc. GWW 0.32%
 The Allstate Corporation ALL 0.32%
 Lockheed Martin Corporation LMT 0.32%
 O'Reilly Automotive, Inc. ORLY 0.32%
 The Travelers Companies, Inc. TRV 0.32%
 AmerisourceBergen Corporation ABC 0.32%
 Anthem, Inc. ANTM 0.32%
 Caterpillar Inc. CAT 0.31%
 Aflac Incorporated AFL 0.31%
 Deutsche Telekom AG (ADR) DTEGY 0.31%
 Chevron Corporation CVX 0.31%
 Blackstone Inc. BX 0.31%
 General Motors Company GM 0.31%
 TotalEnergies SE (ADR) TTE 0.30%
 Cisco Systems, Inc. CSCO 0.30%
 T. Rowe Price Group, Inc. TROW 0.30%
 Regeneron Pharmaceuticals, Inc. REGN 0.30%
 Walmart, Inc. WMT 0.29%
 Intel Corporation INTC 0.29%
 Costco Wholesale Corporation COST 0.29%
 Ball Corporation BALL 0.29%
 British American Tobacco Plc (ADR) BTI 0.29%
 Archer-Daniels-Midland Company ADM 0.28%
 Newmont Corporation NEM 0.28%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.28%
 Amazon.com, Inc. AMZN 0.28%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.28%
 KDDI Corporation (ADR) KDDIY 0.28%
 Toyota Motor Corporation TM 0.27%
 Canadian Pacific Railway Limited CP 0.27%
 West Pharmaceutical Services, Inc. WST 0.27%
 CSL Limited (ADR) CSLLY 0.27%
 Nucor Corporation NUE 0.26%
 Sony Group Corp. (ADR) SONY 0.26%
 Deere & Company DE 0.26%
 Novartis AG (ADR) NVS 0.26%
 Chubb Limited CB 0.26%
 Novo Nordisk A/S (ADR) NVO 0.26%
 Mitsubishi UFJ Financial Group, Inc. (ADR) MUFG 0.26%
 Sanofi (ADR) SNY 0.26%
 Iberdrola S.A. (ADR) IBDRY 0.26%
 Shell Plc (ADR) SHEL 0.26%
 Nestle S.A. (ADR) NSRGY 0.25%
 Zurich Insurance Group AG (ADR) ZURVY 0.25%
 Equinor ASA EQNR 0.25%
 Air Liquide S.A. (ADR) AIQUY 0.25%
 Bank of Montreal BMO 0.24%
 Nintendo Co., Ltd. (ADR) NTDOY 0.24%
 Target Corporation TGT 0.23%
 Canadian Natural Resources Limited CNQ 0.23%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.23%
 Chugai Pharmaceutical Co., Ltd. (ADR) CHGCY 0.23%
 Roche Holding AG (ADR) RHHBY 0.22%
 Rio Tinto Plc (ADR) RIO 0.22%
 BHP Group Ltd (ADR) BHP 0.21%
 Nutrien Ltd. NTR 0.21%
 Anglo American Plc (ADR) NGLOY 0.20%
 FTI Consulting, Inc. FCN 0.16%
 MDU Resources Group, Inc. MDU 0.15%
 Mattel, Inc. MAT 0.15%
 Expeditors International of Washington, Inc. EXPD 0.15%
 Landstar System, Inc. LSTR 0.15%
 Flowers Foods, Inc. FLO 0.14%
 Snap-on Incorporated SNA 0.14%
 Incyte Corporation INCY 0.14%
 SEI Investments Company SEIC 0.14%
 PulteGroup, Inc. PHM 0.14%
 NVR, Inc. NVR 0.14%
 D.R. Horton, Inc. DHI 0.14%
 C.H. Robinson Worldwide, Inc. CHRW 0.14%
 Take-Two Interactive Software, Inc. TTWO 0.14%
 The Hanover Insurance Group, Inc. THG 0.14%
 Knight-Swift Transportation Holdings Inc. KNX 0.14%
 Houlihan Lokey, Inc. HLI 0.14%
 Avangrid, Inc. AGR 0.14%
 Kinsale Capital Group, Inc. KNSL 0.14%
 Ulta Beauty, Inc. ULTA 0.14%
 BJ's Wholesale Club Holdings, Inc. BJ 0.14%
 Pinnacle West Capital Corporation PNW 0.13%
 Selective Insurance Group, Inc. SIGI 0.13%
 Old Republic International Corporation ORI 0.13%
 Teradyne, Inc. TER 0.13%
 Chemed Corporation CHE 0.13%
 Columbia Sportswear Company COLM 0.13%
 Lennar Corporation LEN 0.13%
 Coterra Energy Inc. CTRA 0.13%
 Saia, Inc. SAIA 0.13%
 Reliance Steel & Aluminum Co. RS 0.13%
 Markel Corporation MKL 0.13%
 Packaging Corporation of America PKG 0.13%
 First Solar, Inc. FSLR 0.13%
 First American Financial Corporation FAF 0.13%
 Hewlett Packard Enterprise Company HPE 0.13%
 Evergy, Inc. EVRG 0.13%
 Cincinnati Financial Corporation CINF 0.12%
 Omnicom Group Inc. OMC 0.12%
 Steel Dynamics, Inc. STLD 0.12%
 Tractor Supply Company TSCO 0.12%
 Range Resources Corporation RRC 0.12%
 Williams-Sonoma, Inc. WSM 0.12%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.12%
 Molina Healthcare, Inc. MOH 0.12%
 Watsco, Inc. WSO 0.12%
 Huntsman Corporation HUN 0.12%
 Westlake Corporation WLK 0.12%
 Darling Ingredients Inc. DAR 0.12%
 Civitas Resources Inc. CIVI 0.12%
 Best Buy Co., Inc. BBY 0.11%
 Akamai Technologies, Inc. AKAM 0.11%
 CF Industries Holdings, Inc. CF 0.11%
 Universal Health Services, Inc. (Class B) UHS 0.10%
 AGCO Corporation AGCO 0.10%
 Robert Half International Inc. RHI 0.10%
 Amedisys, Inc. AMED 0.10%
 The New York Times Company (Class A) NYT 0.09%
 Coca-Cola Consolidated Inc. COKE 0.09%
 The Mosaic Company MOS 0.09%
 United States Steel Corporation X 0.08%
 Sanmina Corporation SANM 0.08%
 Avnet, Inc. AVT 0.08%
 ManTech International Corporation MANT 0.08%
 CVB Financial Corp. CVBF 0.08%
 PS Business Parks, Inc. PSB 0.08%
 Dorman Products, Inc. DORM 0.08%
 NetScout Systems, Inc. NTCT 0.08%
 Schneider National, Inc. (Class B) SNDR 0.08%
 Werner Enterprises, Inc. WERN 0.07%
 Dillard's, Inc. (Class A) DDS 0.07%
 Worthington Industries, Inc. WOR 0.07%
 Graham Holdings Company GHC 0.07%
 WesBanco, Inc. WSBC 0.07%
 Mueller Industries, Inc. MLI 0.07%
 KB Home KBH 0.07%
 Weis Markets, Inc. WMK 0.07%
 United States Cellular Corporation USM 0.07%
 Cirrus Logic, Inc. CRUS 0.07%
 Simpson Manufacturing Co., Inc. SSD 0.07%
 Foot Locker, Inc. FL 0.07%
 RLI Corp. RLI 0.07%
 Steven Madden, Ltd. SHOO 0.07%
 Meritage Homes Corporation MTH 0.07%
 Air Transport Services Group, Inc. ATSG 0.07%
 Franklin Electric Co., Inc. FELE 0.07%
 AMN Healthcare Services, Inc. AMN 0.07%
 Encore Wire Corporation WIRE 0.07%
 Diodes Incorporated DIOD 0.07%
 World Wrestling Entertainment, Inc. WWE 0.07%
 Hilltop Holdings Inc. HTH 0.07%
 ExlService Holdings, Inc. EXLS 0.07%
 TowneBank TOWN 0.07%
 Grand Canyon Education, Inc. LOPE 0.07%
 Commvault Systems, Inc. CVLT 0.07%
 Evercore Inc. EVR 0.07%
 Premier, Inc. (Class A) PINC 0.07%
 Atkore Inc. ATKR 0.07%
 Telephone and Data Systems, Inc. TDS 0.06%
 Radian Group Inc. RDN 0.06%
 Louisiana-Pacific Corporation LPX 0.06%
 Insight Enterprises, Inc. NSIT 0.06%
 M.D.C. Holdings, Inc. MDC 0.06%
 J & J Snack Foods Corp. JJSF 0.06%
 Commercial Metals Company CMC 0.06%
 Mercury General Corporation MCY 0.06%
 Cal-Maine Foods, Inc. CALM 0.06%
 Badger Meter, Inc. BMI 0.06%
 Seaboard Corporation SEB 0.06%
 EchoStar Corporation (Class A) SATS 0.06%
 CorVel Corporation CRVL 0.06%
 Emergent BioSolutions Inc. EBS 0.06%
 The Ensign Group, Inc. ENSG 0.06%
 Tri Pointe Homes, Inc. TPH 0.06%
 Boise Cascade Company BCC 0.06%
 Moelis & Company (Class A) MC 0.06%
 QuidelOrtho Corporation QDEL 0.06%
 Sprouts Farmers Market, Inc. SFM 0.05%
 Sonos, Inc. SONO 0.05%
 ACADIA Pharmaceuticals Inc. ACAD 0.04%
 Woodside Energy Group Limited (ADR) WDS 0.03%
Total Number of Holdings:    236
Underlying Securities information represented above is as of 06/24/2022 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.14%
  Deferred:  1.45%
C&D Fee:    0.54%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30325N369 Cash Monthly
30325N377 Reinvest Monthly
* Based on the offer price as of 06/24/2022 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.54%
Maximum Sales Charge:   0.54%
CUSIP Type Distribution
30325N385 Cash-Fee Monthly
30325N393 Reinvest-Fee Monthly
* Based on the NAV price as of 06/24/2022 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 July 20, 2022
$0.04500 August 19, 2022
$0.04500 September 20, 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.

Brexit Risk. Approximately 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 and may continue to cause significant volatility and declines in global financial markets. While the U.S. has resumed "reasonably" normal business activity, 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. 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.

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.

Market Disruption Risk. In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain investments as well as performance.

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.

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.

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
30325N369 (Cash)
30325N377 (Reinvest)
30325N385 (Cash-Fee)
30325N393 (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 © 2022 All rights reserved.