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       

Water Utility & Infrastructure Select, 66  Ticker: FOVSFX
A unit investment trust that seeks above-average capital appreciation by investing in a concentrated portfolio of companies that provide products and services related to the water industry.
Please note that there is no assurance the objective will be met.
Product Code: WA2Y66
Portfolio Status: Secondary
Initial Offer Date: 05/04/2022
Secondary Date: 08/01/2022
Portfolio Ending Date: 05/03/2024
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
Initial Offer Price: $10.0000
NAV(*): $10.9838
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 06/06/2023 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  Per Unit (as of 6/5/2023)
----- $0.10130
^ 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 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 distributions are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit 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.

 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 0.00%
Health Care  Health Care 6.70%
Industrials  Industrials 56.98%
Information Technology  Information Technology 9.81%
Materials  Materials 3.63%
Real Estate  Real Estate 0.00%
Utilities  Utilities 22.38%
Other  Other 0.50%
  Large Mid Small  
Growth  7.04% 32.62% 39.41%  
Value  10.30% 8.23% 1.90%  

 Style Weighting
Large-Cap Growth 7.04%
Large-Cap Value 10.30%
Mid-Cap Growth 32.62%
Mid-Cap Value 8.23%
Small-Cap Growth 39.41%
Small-Cap Value 1.90%
Undetermined 0.50%
U.S. Stocks 95.62%   Other 0.50%
Non-U.S. Stocks 3.88%      
The style and sector characteristics of the portfolio are determined as of 06/05/2023 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $16,477
Price/Earnings 25.45
Price/Book 3.51
As of 6/5/2023
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
 Badger Meter, Inc. BMI Information Technology  Information Technology Small-Cap Growth 6.24%
 Mueller Industries, Inc. MLI Industrials  Industrials Mid-Cap Value 5.02%
 Energy Recovery, Inc. ERII Industrials  Industrials Small-Cap Growth 4.76%
 Franklin Electric Co., Inc. FELE Industrials  Industrials Mid-Cap Growth 4.65%
 Watts Water Technologies, Inc. WTS Industrials  Industrials Mid-Cap Growth 4.51%
 SJW Group SJW Utilities  Utilities Small-Cap Growth 4.45%
 Xylem Inc. XYL Industrials  Industrials Mid-Cap Growth 4.45%
 Mueller Water Products, Inc. MWA Industrials  Industrials Small-Cap Growth 4.39%
 American States Water Company AWR Utilities  Utilities Small-Cap Growth 4.12%
 AECOM ACM Industrials  Industrials Mid-Cap Growth 4.07%
 Tetra Tech, Inc. TTEK Industrials  Industrials Mid-Cap Growth 3.93%
 Pentair Plc PNR Industrials  Industrials Mid-Cap Growth 3.88%
 California Water Service Group CWT Utilities  Utilities Small-Cap Growth 3.87%
 IDEX Corporation IEX Industrials  Industrials Mid-Cap Growth 3.76%
 Ecolab Inc. ECL Materials  Materials Large-Cap Growth 3.63%
 Roper Technologies, Inc. ROP Information Technology  Information Technology Large-Cap Value 3.57%
 American Water Works Company, Inc. AWK Utilities  Utilities Large-Cap Value 3.44%
 Agilent Technologies, Inc. A Health Care  Health Care Large-Cap Growth 3.41%
 Advanced Drainage Systems, Inc. WMS Industrials  Industrials Mid-Cap Growth 3.37%
 Danaher Corporation DHR Health Care  Health Care Large-Cap Value 3.29%
 Middlesex Water Company MSEX Utilities  Utilities Small-Cap Growth 3.29%
 Essential Utilities, Inc. WTRG Utilities  Utilities Mid-Cap Value 3.21%
 The Gorman-Rupp Company GRC Industrials  Industrials Small-Cap Growth 2.84%
 Zurn Elkay Water Solutions Corp. ZWS Industrials  Industrials Small-Cap Growth 2.78%
 Crane Company CR Industrials  Industrials Small-Cap Growth 2.67%
 Crane NXT, Co. CXT Industrials  Industrials Small-Cap Value 1.90%
Total Number of Holdings:    26
Underlying Securities information represented above is as of 06/05/2023 but will vary with future fluctuations in the market.

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.

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.

Industrials Risk. The companies engaged in the industrials sector are subject to a deterioration in the general state of the economy, intense competition, domestic and international politics, excess capacity and changing spending trends.

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.

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.

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.

Water Utilities and Infrastructure Risk. An investment in a portfolio containing water utilities and infrastructure companies involves additional risks, including the imposition of rate caps, increased competition due to deregulation, the difficulty in obtaining an adequate return on invested capital or in financing large construction programs, the limitations on operations and increased costs and delays attributable to environmental considerations, and an increased focus on water conservation.

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.

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, ©2023 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30326G744 (Cash)
30326G751 (Reinvest)
30326G769 (Cash-Fee)
30326G777 (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 © 2023 All rights reserved.