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60/40 Strategic Allocation, 3rd Qtr 2022  Ticker: FVEUAX
 
Description
A unit investment trust which seeks the potential for above-average total return by investing approximately 60% of its assets in common stocks which are selected by applying a disciplined investment strategy and 40% 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.
 
Summary
Product Code: 6S3Q22
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(*): $10.3851
POP(*): $10.5272
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)
2.46% $0.25860
^ 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  
NameSymbolWeighting
 First Trust Senior Loan Fund FTSL 1.54%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 1.54%
 SPDR Bloomberg Short Term High Yield Bond ETF SJNK 1.53%
 SPDR Bloomberg Barclays High Yield Bond ETF JNK 1.52%
 Xtrackers USD High Yield Corporate Bond ETF HYLB 1.52%
 iShares Broad USD High Yield Corporate Bond ETF USHY 1.52%
 SPDR Portfolio High Yield Bond ETF SPHY 1.52%
 VanEck Fallen Angel High Yield Bond ETF ANGL 1.51%
 Invesco Variable Rate Preferred ETF VRP 1.51%
 First Trust Tactical High Yield ETF HYLS 1.50%
 SPDR Blackstone Senior Loan ETF SRLN 1.50%
 iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB 1.49%
 Vanguard Short-Term Corporate Bond ETF VCSH 1.49%
 Vanguard Total International Bond ETF BNDX 1.49%
 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 1.48%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 1.48%
 First Trust Low Duration Opportunities ETF LMBS 1.48%
 iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB 1.47%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 1.47%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 1.47%
 Franklin Investment Grade Corporate ETF FLCO 1.46%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 1.45%
 iShares CMBS ETF CMBS 1.45%
 SPDR ICE Preferred Securities ETF PSK 1.43%
 iShares 10-20 Year Treasury Bond ETF TLH 1.39%
 Deere & Company DE 0.69%
 ConocoPhillips COP 0.68%
 Nucor Corporation NUE 0.65%
 Archer-Daniels-Midland Company ADM 0.63%
 PACCAR Inc PCAR 0.63%
 O'Reilly Automotive, Inc. ORLY 0.63%
 Exxon Mobil Corporation XOM 0.62%
 Chevron Corporation CVX 0.61%
 Chipotle Mexican Grill, Inc. CMG 0.61%
 General Motors Company GM 0.61%
 Cummins Inc. CMI 0.60%
 Keysight Technologies, Inc. KEYS 0.60%
 Corteva Inc. CTVA 0.60%
 W.W. Grainger, Inc. GWW 0.59%
 Applied Materials, Inc. AMAT 0.58%
 Regeneron Pharmaceuticals, Inc. REGN 0.58%
 Merck & Co., Inc. MRK 0.55%
 Texas Instruments Incorporated TXN 0.55%
 D.R. Horton, Inc. DHI 0.55%
 Cigna Corporation CI 0.55%
 AutoZone, Inc. AZO 0.54%
 Lockheed Martin Corporation LMT 0.54%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.54%
 General Mills, Inc. GIS 0.53%
 Humana Inc. HUM 0.53%
 Marsh & McLennan Companies, Inc. MMC 0.53%
 The Travelers Companies, Inc. TRV 0.53%
 Old Dominion Freight Line, Inc. ODFL 0.53%
 T. Rowe Price Group, Inc. TROW 0.52%
 Northrop Grumman Corporation NOC 0.52%
 Elevance Health Inc. ELV 0.52%
 Pioneer Natural Resources Company PXD 0.52%
 Walgreens Boots Alliance, Inc. WBA 0.52%
 PepsiCo, Inc. PEP 0.51%
 Mondelez International, Inc. MDLZ 0.51%
 Bristol-Myers Squibb Company BMY 0.50%
 UnitedHealth Group Incorporated UNH 0.50%
 Costco Wholesale Corporation COST 0.50%
 The Hershey Company HSY 0.50%
 ResMed Inc. RMD 0.49%
 Sirius XM Holdings Inc. SIRI 0.49%
 Xcel Energy Inc. XEL 0.48%
 The Procter & Gamble Company PG 0.48%
 American Electric Power Company, Inc. AEP 0.48%
 The Allstate Corporation ALL 0.48%
 United Parcel Service, Inc. (Class B) UPS 0.48%
 Johnson & Johnson JNJ 0.47%
 Kellogg Company K 0.47%
 TotalEnergies SE (ADR) TTE 0.47%
 S&P Global Inc. SPGI 0.47%
 Dollar General Corporation DG 0.47%
 Abbott Laboratories ABT 0.46%
 BHP Group Ltd (ADR) BHP 0.46%
 Bayerische Motoren Werke AG (ADR) BMWYY 0.46%
 Moderna, Inc. MRNA 0.46%
 Shell Plc (ADR) SHEL 0.46%
 Microsoft Corporation MSFT 0.45%
 Pfizer Inc. PFE 0.45%
 QUALCOMM Incorporated QCOM 0.45%
 L3Harris Technologies Inc. LHX 0.45%
 Rio Tinto Plc (ADR) RIO 0.45%
 Fast Retailing Co., Ltd. (ADR) FRCOY 0.45%
 Weyerhaeuser Company WY 0.44%
 Hitachi, Ltd. (ADR) HTHIY 0.43%
 Chubb Limited CB 0.43%
 Novo Nordisk A/S (ADR) NVO 0.43%
 Equinor ASA EQNR 0.43%
 Thomson Reuters Corporation TRI 0.42%
 Zurich Insurance Group AG (ADR) ZURVY 0.42%
 Iberdrola S.A. (ADR) IBDRY 0.42%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.42%
 Alphabet Inc. (Class A) GOOGL 0.42%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.42%
 Novartis AG (ADR) NVS 0.40%
 Deutsche Telekom AG (ADR) DTEGY 0.40%
 CSL Limited (ADR) CSLLY 0.40%
 British American Tobacco Plc (ADR) BTI 0.39%
 Suncor Energy Inc. SU 0.39%
 Volkswagen AG (ADR) VWAGY 0.39%
 Tyson Foods, Inc. (Class A) TSN 0.38%
 Intel Corporation INTC 0.38%
 Sony Group Corp. (ADR) SONY 0.38%
 Nestle S.A. (ADR) NSRGY 0.38%
 Nintendo Co., Ltd. (ADR) NTDOY 0.38%
 Takeda Pharmaceutical Company Limited (ADR) TAK 0.38%
 Roche Holding AG (ADR) RHHBY 0.37%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.37%
 Toyota Motor Corporation TM 0.36%
 KDDI Corporation (ADR) KDDIY 0.35%
 Sanofi (ADR) SNY 0.34%
 Medpace Holdings, Inc. MEDP 0.26%
 World Wrestling Entertainment, Inc. WWE 0.24%
 CF Industries Holdings, Inc. CF 0.24%
 Houlihan Lokey, Inc. HLI 0.24%
 Casey's General Stores, Inc. CASY 0.23%
 Snap-on Incorporated SNA 0.23%
 Reliance Steel & Aluminum Co. RS 0.23%
 ExlService Holdings, Inc. EXLS 0.23%
 Ulta Beauty, Inc. ULTA 0.23%
 MDU Resources Group, Inc. MDU 0.22%
 Expeditors International of Washington, Inc. EXPD 0.22%
 SEI Investments Company SEIC 0.22%
 NVR, Inc. NVR 0.22%
 Landstar System, Inc. LSTR 0.22%
 Penske Automotive Group, Inc. PAG 0.22%
 Skechers U.S.A., Inc. SKX 0.22%
 United Therapeutics Corporation UTHR 0.22%
 Knight-Swift Transportation Holdings Inc. KNX 0.22%
 Flowers Foods, Inc. FLO 0.21%
 Pinnacle West Capital Corporation PNW 0.21%
 Campbell Soup Company CPB 0.21%
 Franklin Resources, Inc. BEN 0.21%
 Louisiana-Pacific Corporation LPX 0.21%
 Selective Insurance Group, Inc. SIGI 0.21%
 Old Republic International Corporation ORI 0.21%
 Tractor Supply Company TSCO 0.21%
 Quest Diagnostics Incorporated DGX 0.21%
 Lennar Corporation LEN 0.21%
 Prosperity Bancshares, Inc. PB 0.21%
 Super Micro Computer, Inc. SMCI 0.21%
 Murphy USA Inc. MUSA 0.21%
 BJ's Wholesale Club Holdings, Inc. BJ 0.21%
 Akamai Technologies, Inc. AKAM 0.20%
 Coterra Energy Inc. CTRA 0.20%
 AMN Healthcare Services, Inc. AMN 0.20%
 Watsco, Inc. WSO 0.20%
 Leidos Holdings, Inc. LDOS 0.20%
 Toll Brothers, Inc. TOL 0.19%
 PulteGroup, Inc. PHM 0.19%
 C.H. Robinson Worldwide, Inc. CHRW 0.19%
 National Fuel Gas Company NFG 0.19%
 Molson Coors Beverage Company TAP 0.19%
 The Hanover Insurance Group, Inc. THG 0.19%
 Packaging Corporation of America PKG 0.19%
 National Beverage Corp. FIZZ 0.19%
 First American Financial Corporation FAF 0.19%
 Incyte Corporation INCY 0.18%
 Arrow Electronics, Inc. ARW 0.18%
 UGI Corporation UGI 0.18%
 Seaboard Corporation SEB 0.18%
 Huntsman Corporation HUN 0.18%
 Qualys, Inc. QLYS 0.18%
 Avangrid, Inc. AGR 0.18%
 Williams-Sonoma, Inc. WSM 0.17%
 FTI Consulting, Inc. FCN 0.17%
 Evergy, Inc. EVRG 0.17%
 Dillard's, Inc. (Class A) DDS 0.16%
 Mohawk Industries, Inc. MHK 0.16%
 Amkor Technology, Inc. AMKR 0.16%
 Coca-Cola Consolidated Inc. COKE 0.16%
 QuidelOrtho Corporation QDEL 0.16%
 Mattel, Inc. MAT 0.15%
 Sanmina Corporation SANM 0.15%
 Western Digital Corporation WDC 0.15%
 Foot Locker, Inc. FL 0.15%
 Comstock Resources, Inc. CRK 0.14%
 Commercial Metals Company CMC 0.14%
 Badger Meter, Inc. BMI 0.14%
 Comfort Systems USA, Inc. FIX 0.14%
 Encore Wire Corporation WIRE 0.13%
 Diodes Incorporated DIOD 0.13%
 Genworth Financial, Inc. GNW 0.13%
 Civitas Resources, Inc. CIVI 0.13%
 Worthington Industries, Inc. WOR 0.12%
 Vishay Intertechnology, Inc. VSH 0.12%
 Mueller Industries, Inc. MLI 0.12%
 Forward Air Corporation FWRD 0.12%
 Banner Corporation BANR 0.12%
 Grand Canyon Education, Inc. LOPE 0.12%
 The Ensign Group, Inc. ENSG 0.12%
 Evercore Inc. EVR 0.12%
 Sprouts Farmers Market, Inc. SFM 0.12%
 Graham Holdings Company GHC 0.11%
 Columbia Banking System, Inc. COLB 0.11%
 UFP Industries Inc. UFPI 0.11%
 Insight Enterprises, Inc. NSIT 0.11%
 Weis Markets, Inc. WMK 0.11%
 Cabot Corporation CBT 0.11%
 J & J Snack Foods Corp. JJSF 0.11%
 Hub Group, Inc. HUBG 0.11%
 Hilltop Holdings Inc. HTH 0.11%
 NetScout Systems, Inc. NTCT 0.11%
 Schneider National, Inc. (Class B) SNDR 0.11%
 Werner Enterprises, Inc. WERN 0.10%
 KB Home KBH 0.10%
 ArcBest Corporation ARCB 0.10%
 Avnet, Inc. AVT 0.10%
 Power Integrations, Inc. POWI 0.10%
 Cirrus Logic, Inc. CRUS 0.10%
 Steven Madden, Ltd. SHOO 0.10%
 Meritage Homes Corporation MTH 0.10%
 Franklin Electric Co., Inc. FELE 0.10%
 Cal-Maine Foods, Inc. CALM 0.10%
 American Equity Investment Life Holding Company AEL 0.10%
 Moelis & Company (Class A) MC 0.10%
 Acushnet Holdings Corp. GOLF 0.10%
 M.D.C. Holdings, Inc. MDC 0.09%
 Skyline Champion Corporation SKY 0.09%
 Korn Ferry KFY 0.09%
 CorVel Corporation CRVL 0.09%
 Commvault Systems, Inc. CVLT 0.09%
 Provident Financial Services, Inc. PFS 0.09%
 Corcept Therapeutics Incorporated CORT 0.09%
 Tri Pointe Homes, Inc. TPH 0.09%
 Otter Tail Corporation OTTR 0.08%
 Matson, Inc. MATX 0.08%
 Dorman Products, Inc. DORM 0.08%
 Premier, Inc. (Class A) PINC 0.08%
 United States Cellular Corporation USM 0.07%
 Fulgent Genetics, Inc. FLGT 0.06%
 
Total Number of Holdings:    235
Underlying Securities information represented above is as of 11/30/2022 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.

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.

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.

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
30327K462 (Cash)
30327K470 (Reinvest)
30327K488 (Cash-Fee)
30327K496 (Reinvest-Fee)
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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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