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, 3rd Qtr 2022  Ticker: FMQSLX
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: 4S3Q22
Portfolio Status: Secondary
Initial Offer Date: 07/12/2022
Secondary Date: 10/11/2022
Portfolio Ending Date: 10/17/2023
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $10.1976
POP(*): $10.3371
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 12/01/2022 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 12/1/2022) Per Unit (as of 11/28/2022)
2.84% $0.29350
^ 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  
 First Trust Senior Loan Fund FTSL 2.36%
 SPDR Bloomberg Short Term High Yield Bond ETF SJNK 2.35%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 2.35%
 Xtrackers USD High Yield Corporate Bond ETF HYLB 2.33%
 Invesco Variable Rate Preferred ETF VRP 2.33%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 2.32%
 iShares Broad USD High Yield Corporate Bond ETF USHY 2.32%
 SPDR Portfolio High Yield Bond ETF SPHY 2.32%
 First Trust Tactical High Yield ETF HYLS 2.31%
 VanEck Fallen Angel High Yield Bond ETF ANGL 2.31%
 SPDR Blackstone Senior Loan ETF SRLN 2.30%
 iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB 2.29%
 Vanguard Short-Term Corporate Bond ETF VCSH 2.29%
 Vanguard Total International Bond ETF BNDX 2.29%
 iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB 2.28%
 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 2.28%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 2.28%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 2.28%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 2.27%
 First Trust Low Duration Opportunities ETF LMBS 2.27%
 Franklin Investment Grade Corporate ETF FLCO 2.27%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 2.23%
 iShares CMBS ETF CMBS 2.23%
 SPDR ICE Preferred Securities ETF PSK 2.22%
 iShares 10-20 Year Treasury Bond ETF TLH 2.18%
 Deere & Company DE 0.47%
 ConocoPhillips COP 0.46%
 Nucor Corporation NUE 0.44%
 PACCAR Inc PCAR 0.43%
 Exxon Mobil Corporation XOM 0.42%
 O'Reilly Automotive, Inc. ORLY 0.42%
 General Motors Company GM 0.42%
 Chevron Corporation CVX 0.41%
 Chipotle Mexican Grill, Inc. CMG 0.41%
 Keysight Technologies, Inc. KEYS 0.41%
 Archer-Daniels-Midland Company ADM 0.40%
 W.W. Grainger, Inc. GWW 0.40%
 Regeneron Pharmaceuticals, Inc. REGN 0.40%
 Cummins Inc. CMI 0.40%
 Corteva Inc. CTVA 0.40%
 Applied Materials, Inc. AMAT 0.38%
 D.R. Horton, Inc. DHI 0.38%
 Merck & Co., Inc. MRK 0.37%
 Texas Instruments Incorporated TXN 0.37%
 Lockheed Martin Corporation LMT 0.37%
 Cigna Corporation CI 0.37%
 AutoZone, Inc. AZO 0.36%
 General Mills, Inc. GIS 0.36%
 Humana Inc. HUM 0.36%
 T. Rowe Price Group, Inc. TROW 0.36%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.36%
 Marsh & McLennan Companies, Inc. MMC 0.36%
 The Travelers Companies, Inc. TRV 0.36%
 Old Dominion Freight Line, Inc. ODFL 0.36%
 Pioneer Natural Resources Company PXD 0.36%
 PepsiCo, Inc. PEP 0.35%
 Northrop Grumman Corporation NOC 0.35%
 Mondelez International, Inc. MDLZ 0.35%
 Elevance Health Inc. ELV 0.35%
 Walgreens Boots Alliance, Inc. WBA 0.35%
 Bristol-Myers Squibb Company BMY 0.34%
 UnitedHealth Group Incorporated UNH 0.33%
 The Procter & Gamble Company PG 0.33%
 The Hershey Company HSY 0.33%
 American Electric Power Company, Inc. AEP 0.33%
 S&P Global Inc. SPGI 0.33%
 ResMed Inc. RMD 0.33%
 United Parcel Service, Inc. (Class B) UPS 0.33%
 Sirius XM Holdings Inc. SIRI 0.33%
 Moderna, Inc. MRNA 0.33%
 Johnson & Johnson JNJ 0.32%
 Abbott Laboratories ABT 0.32%
 Kellogg Company K 0.32%
 Xcel Energy Inc. XEL 0.32%
 Costco Wholesale Corporation COST 0.32%
 TotalEnergies SE (ADR) TTE 0.32%
 The Allstate Corporation ALL 0.32%
 Microsoft Corporation MSFT 0.31%
 Pfizer Inc. PFE 0.31%
 BHP Group Ltd (ADR) BHP 0.31%
 Rio Tinto Plc (ADR) RIO 0.31%
 Fast Retailing Co., Ltd. (ADR) FRCOY 0.31%
 Bayerische Motoren Werke AG (ADR) BMWYY 0.31%
 Shell Plc (ADR) SHEL 0.31%
 Weyerhaeuser Company WY 0.30%
 QUALCOMM Incorporated QCOM 0.30%
 L3Harris Technologies Inc. LHX 0.30%
 Dollar General Corporation DG 0.30%
 Hitachi, Ltd. (ADR) HTHIY 0.29%
 Chubb Limited CB 0.29%
 Novo Nordisk A/S (ADR) NVO 0.29%
 Zurich Insurance Group AG (ADR) ZURVY 0.29%
 Equinor ASA EQNR 0.29%
 Iberdrola S.A. (ADR) IBDRY 0.29%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.29%
 Alphabet Inc. (Class A) GOOGL 0.29%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.29%
 Thomson Reuters Corporation TRI 0.28%
 Novartis AG (ADR) NVS 0.27%
 British American Tobacco Plc (ADR) BTI 0.27%
 Deutsche Telekom AG (ADR) DTEGY 0.27%
 CSL Limited (ADR) CSLLY 0.27%
 Volkswagen AG (ADR) VWAGY 0.27%
 Sony Group Corp. (ADR) SONY 0.26%
 Nestle S.A. (ADR) NSRGY 0.26%
 Suncor Energy Inc. SU 0.26%
 Takeda Pharmaceutical Company Limited (ADR) TAK 0.26%
 Tyson Foods, Inc. (Class A) TSN 0.25%
 Intel Corporation INTC 0.25%
 Roche Holding AG (ADR) RHHBY 0.25%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.25%
 Nintendo Co., Ltd. (ADR) NTDOY 0.25%
 Toyota Motor Corporation TM 0.24%
 KDDI Corporation (ADR) KDDIY 0.24%
 Sanofi (ADR) SNY 0.23%
 Medpace Holdings, Inc. MEDP 0.18%
 Snap-on Incorporated SNA 0.16%
 NVR, Inc. NVR 0.16%
 World Wrestling Entertainment, Inc. WWE 0.16%
 ExlService Holdings, Inc. EXLS 0.16%
 Houlihan Lokey, Inc. HLI 0.16%
 Ulta Beauty, Inc. ULTA 0.16%
 MDU Resources Group, Inc. MDU 0.15%
 Casey's General Stores, Inc. CASY 0.15%
 Franklin Resources, Inc. BEN 0.15%
 Louisiana-Pacific Corporation LPX 0.15%
 Expeditors International of Washington, Inc. EXPD 0.15%
 SEI Investments Company SEIC 0.15%
 Landstar System, Inc. LSTR 0.15%
 Penske Automotive Group, Inc. PAG 0.15%
 Skechers U.S.A., Inc. SKX 0.15%
 Reliance Steel & Aluminum Co. RS 0.15%
 CF Industries Holdings, Inc. CF 0.15%
 Knight-Swift Transportation Holdings Inc. KNX 0.15%
 Flowers Foods, Inc. FLO 0.14%
 Pinnacle West Capital Corporation PNW 0.14%
 Campbell Soup Company CPB 0.14%
 Selective Insurance Group, Inc. SIGI 0.14%
 Old Republic International Corporation ORI 0.14%
 Tractor Supply Company TSCO 0.14%
 Quest Diagnostics Incorporated DGX 0.14%
 Lennar Corporation LEN 0.14%
 Prosperity Bancshares, Inc. PB 0.14%
 Watsco, Inc. WSO 0.14%
 Leidos Holdings, Inc. LDOS 0.14%
 United Therapeutics Corporation UTHR 0.14%
 Super Micro Computer, Inc. SMCI 0.14%
 Murphy USA Inc. MUSA 0.14%
 Incyte Corporation INCY 0.13%
 Toll Brothers, Inc. TOL 0.13%
 PulteGroup, Inc. PHM 0.13%
 C.H. Robinson Worldwide, Inc. CHRW 0.13%
 Akamai Technologies, Inc. AKAM 0.13%
 Coterra Energy Inc. CTRA 0.13%
 National Fuel Gas Company NFG 0.13%
 AMN Healthcare Services, Inc. AMN 0.13%
 Molson Coors Beverage Company TAP 0.13%
 The Hanover Insurance Group, Inc. THG 0.13%
 Seaboard Corporation SEB 0.13%
 Packaging Corporation of America PKG 0.13%
 National Beverage Corp. FIZZ 0.13%
 First American Financial Corporation FAF 0.13%
 BJ's Wholesale Club Holdings, Inc. BJ 0.13%
 Arrow Electronics, Inc. ARW 0.12%
 UGI Corporation UGI 0.12%
 Williams-Sonoma, Inc. WSM 0.12%
 FTI Consulting, Inc. FCN 0.12%
 Huntsman Corporation HUN 0.12%
 Qualys, Inc. QLYS 0.12%
 Avangrid, Inc. AGR 0.12%
 Evergy, Inc. EVRG 0.12%
 Dillard's, Inc. (Class A) DDS 0.11%
 Mohawk Industries, Inc. MHK 0.11%
 Amkor Technology, Inc. AMKR 0.11%
 Coca-Cola Consolidated Inc. COKE 0.11%
 QuidelOrtho Corporation QDEL 0.11%
 Mattel, Inc. MAT 0.10%
 Sanmina Corporation SANM 0.10%
 Western Digital Corporation WDC 0.10%
 Foot Locker, Inc. FL 0.10%
 Comstock Resources, Inc. CRK 0.09%
 Commercial Metals Company CMC 0.09%
 Encore Wire Corporation WIRE 0.09%
 Diodes Incorporated DIOD 0.09%
 Badger Meter, Inc. BMI 0.09%
 Genworth Financial, Inc. GNW 0.09%
 Comfort Systems USA, Inc. FIX 0.09%
 Civitas Resources, Inc. CIVI 0.09%
 Worthington Industries, Inc. WOR 0.08%
 Vishay Intertechnology, Inc. VSH 0.08%
 Mueller Industries, Inc. MLI 0.08%
 UFP Industries Inc. UFPI 0.08%
 Insight Enterprises, Inc. NSIT 0.08%
 Forward Air Corporation FWRD 0.08%
 J & J Snack Foods Corp. JJSF 0.08%
 Hub Group, Inc. HUBG 0.08%
 Banner Corporation BANR 0.08%
 Grand Canyon Education, Inc. LOPE 0.08%
 The Ensign Group, Inc. ENSG 0.08%
 Evercore Inc. EVR 0.08%
 NetScout Systems, Inc. NTCT 0.08%
 Sprouts Farmers Market, Inc. SFM 0.08%
 Werner Enterprises, Inc. WERN 0.07%
 Graham Holdings Company GHC 0.07%
 Columbia Banking System, Inc. COLB 0.07%
 KB Home KBH 0.07%
 ArcBest Corporation ARCB 0.07%
 Weis Markets, Inc. WMK 0.07%
 Avnet, Inc. AVT 0.07%
 Power Integrations, Inc. POWI 0.07%
 Cabot Corporation CBT 0.07%
 Cirrus Logic, Inc. CRUS 0.07%
 Steven Madden, Ltd. SHOO 0.07%
 Meritage Homes Corporation MTH 0.07%
 Franklin Electric Co., Inc. FELE 0.07%
 Cal-Maine Foods, Inc. CALM 0.07%
 American Equity Investment Life Holding Company AEL 0.07%
 Hilltop Holdings Inc. HTH 0.07%
 Commvault Systems, Inc. CVLT 0.07%
 Tri Pointe Homes, Inc. TPH 0.07%
 Moelis & Company (Class A) MC 0.07%
 Acushnet Holdings Corp. GOLF 0.07%
 Schneider National, Inc. (Class B) SNDR 0.07%
 Otter Tail Corporation OTTR 0.06%
 M.D.C. Holdings, Inc. MDC 0.06%
 Skyline Champion Corporation SKY 0.06%
 Korn Ferry KFY 0.06%
 Matson, Inc. MATX 0.06%
 CorVel Corporation CRVL 0.06%
 Provident Financial Services, Inc. PFS 0.06%
 Corcept Therapeutics Incorporated CORT 0.06%
 Premier, Inc. (Class A) PINC 0.06%
 United States Cellular Corporation USM 0.05%
 Dorman Products, Inc. DORM 0.05%
 Fulgent Genetics, Inc. FLGT 0.04%
Total Number of Holdings:    235
Underlying Securities information represented above is as of 12/01/2022 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 October 20, 2022
$0.04500 November 18, 2022
$0.04500 December 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. The United Kingdom's official departure from the European Union (commonly referred to as "Brexit") led to volatility in global financial markets, in particular those of the United Kingdom and across Europe, and the weakening in political, regulatory, consumer, corporate and financial confidence in the United Kingdom and Europe. It is not currently possible to determine the extent of the impact that Brexit 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 and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty 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.

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, ©2022 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30327K348 (Cash)
30327K355 (Reinvest)
30327K363 (Cash-Fee)
30327K371 (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.