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Corporate Investment Grade Laddered, 19  Ticker: FSXYMX
 
Description
This unit investment trust seeks current income and capital preservation by investing in a laddered portfolio of investment grade corporate bonds.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: CLAD19
Portfolio Status: Secondary
Initial Offer Date: 05/05/2022
Secondary Date: 06/23/2022
Wtd Avg Maturity: 6.0
ELTR Life: 6.0
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,012.1200
NAV(*): $958.1000
POP(*): $981.6600
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* 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.

 Income Information
CUSIP Frequency / Distributions Accrued Interest Estimated Annual Income Estimated Current Return Estimated Long Term Return
30326N640 Monthly $1.7700 $35.3700 3.600% 4.119%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
00928QAQ4 200,000 AIRCASTLE LTD 4.125%, due 05/01/2024  BBB-   4.12500 05/01/2024M 02/01/2024 100.0000
05724BAD1 200,000 BAKER HUGHES LLC/CO-OBL 2.061%, due 12/15/2026  A-   2.06100 12/15/2026M 11/15/2026 100.0000
093662AH7 100,000 BLOCK FINANCIAL LLC 3.875%, due 08/15/2030  BBB   3.87500 08/15/2030M 05/15/2030 100.0000
13607HR53 220,000 CANADIAN IMPERIAL BANK 3.60%, due 04/07/2032  A-   3.60000 04/07/2032M 03/07/2032 100.0000
136375CD2 200,000 CANADIAN NATL RAILWAY 2.95%, due 11/21/2024  A   2.95000 11/21/2024M 08/21/2024 100.0000
17252MAQ3 200,000 CINTAS CORPORATION NO. 2 4%, due 05/01/2032  A-   4.00000 05/01/2032M 02/01/2032 100.0000
20030NCU3 200,000 COMCAST CORP 4.25%, due 10/15/2030  A-   4.25000 10/15/2030M 07/15/2030 100.0000
23355LAM8 200,000 DXC TECHNOLOGY CO 2.375%, due 09/15/2028  BBB-   2.37500 09/15/2028M 07/15/2028 100.0000
292480AL4 200,000 ENABLE MIDSTREAM PARTNERS 4.95%, due 05/15/2028  BBB-   4.95000 05/15/2028M 02/15/2028 100.0000
34354PAF2 100,000 FLOWSERVE CORPORATION 3.50%, due 10/01/2030  BBB-   3.50000 10/01/2030M 07/01/2030 100.0000
40434LAL9 200,000 HP INC 4.20%, due 04/15/2032  BBB   4.20000 04/15/2032M 01/15/2032 100.0000
46625HRV4 200,000 JPMORGAN CHASE & CO 2.95%, due 10/01/2026  A-   2.95000 10/01/2026M 07/01/2026 100.0000
559222AQ7 200,000 MAGNA INTERNATIONAL INC 3.625%, due 06/15/2024  A-   3.62500 06/15/2024M 03/15/2024 100.0000
59156RAE8 180,000 METLIFE INC 6.50%, due 12/15/2032  A-   6.50000 12/15/2032M    
678858BT7 200,000 OKLAHOMA G&E CO 3.80%, due 08/15/2028  A-   3.80000 08/15/2028M 02/15/2028 100.0000
718172CP2 200,000 PHILIP MORRIS INTL INC 2.10%, due 05/01/2030  A   2.10000 05/01/2030M 02/01/2030 100.0000
745867AM3 200,000 PULTE GROUP INC 7.875%, due 06/15/2032  BBB-   7.87500 06/15/2032M    
731572AB9 200,000 RALPH LAUREN CORP 2.95%, due 06/15/2030  A-   2.95000 06/15/2030M 03/15/2030 100.0000
756109BJ2 200,000 REALTY INCOME CORP 2.20%, due 06/15/2028  A-   2.20000 06/15/2028M 04/15/2028 100.0000
767201AD8 200,000 RIO TINTO FIN USA LTD 7.125%, due 07/15/2028  A   7.12500 07/15/2028M    
78015K7C2 200,000 ROYAL BANK OF CANADA N/C, 2.25%, due 11/01/2024  A   2.25000 11/01/2024M    
86562MAK6 200,000 SUMITOMO MITSUI FINL GRP N/C, 3.01%, due 10/19/2026  A-   3.01000 10/19/2026M    
87165BAL7 200,000 SYNCHRONY FINANCIAL 3.70%, due 08/04/2026  BBB-   3.70000 08/04/2026M 05/04/2026 100.0000
902133AR8 200,000 TYCO ELECTRONICS GROUP S 3.45%, due 08/01/2024  A-   3.45000 08/01/2024M 05/01/2024 100.0000
91911TAP8 200,000 VALE OVERSEAS LIMITED 6.25%, due 08/10/2026  BBB-   6.25000 08/10/2026M    
983919AK7 200,000 XILINX INC 2.375%, due 06/01/2030  A-   2.37500 06/01/2030M 03/01/2030 100.0000
 
Total Number of Holdings:    26


Risk Considerations

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 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.

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.

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.

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.

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.

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.

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.

Estimated current return is determined by dividing a Trust's estimated net annual interest income per unit by the public offering price per unit. Estimated long-term return is a measure of the estimated return over the estimated life of a Trust. Unlike estimated current return, estimated long-term return reflects maturities, estimated principal prepayments, Trust charges and expenses, and discounts and premiums of securities in a Trust. Returns and prices will fluctuate. Consult a prospectus for a more complete description of the estimated current return and estimated long-term return calculations.

Some of the information may have been obtained from third parties, including ratings from credit ratings agencies such as Standard & Poor's. Reproduction and distribution of third party content in any form is prohibited except with the prior written permission of the related third party. Third party content providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such content. THIRD PARTY CONTENT PROVIDERS GIVE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. THIRD PARTY CONTENT PROVIDERS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPESATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, OR LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS) IN CONNECTION WITH ANY USE OF THEIR CONTENT, INCLUDING RATINGS. Credit ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the suitability of securities or the suitability of securities for investment purposes, and should not be relied on as investment advice. Please see the prospectus for a full description of the bond ratings.

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
30326N640 (Cash)
30326N657 (Cash-Wrap)
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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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