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Corporate Investment Grade Laddered, 21  Ticker: FFQUUX
 
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: CLAD21
Portfolio Status: Secondary
Initial Offer Date: 12/08/2022
Secondary Date: 12/27/2022
Wtd Avg Maturity: 4.4
ELTR Life: 4.4
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $992.0500
NAV(*): $965.3100
POP(*): $986.0200
PAR(*): $1,007.5000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/01/2024 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
30329R481 Monthly $2.6700 $37.9500 3.850% 4.447%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
00928QAQ4 150,000 AIRCASTLE LTD 4.125%, due 05/01/2024  BBB-   4.12500 05/01/2024M 03/30/2024 100.0000
053807AS2 225,000 AVNET INC 4.625%, due 04/15/2026  BBB-   4.62500 04/15/2026M 01/15/2026 100.0000
06051GFX2 100,000 BANK OF AMERICA CORP 3.50%, due 04/19/2026  A-   3.50000 04/19/2026M    
06417XAL5 250,000 BANK OF NOVA SCOTIA 5.25%, due 12/06/2024  A-   5.25000 12/06/2024M    
093662AH7 250,000 BLOCK FINANCIAL LLC 3.875%, due 08/15/2030  BBB   3.87500 08/15/2030M 05/15/2030 100.0000
741503BC9 250,000 BOOKING HOLDINGS INC 3.55%, due 03/15/2028  A-   3.55000 03/15/2028M 12/15/2027 100.0000
05565QDH8 250,000 BP CAPITAL MARKETS PLC 3.723%, due 11/28/2028  A-   3.72300 11/28/2028M 08/28/2028 100.0000
117043AU3 250,000 BRUNSWICK CORP 4.40%, due 09/15/2032  BBB-   4.40000 09/15/2032M 06/15/2032 100.0000
13607HR53 250,000 CANADIAN IMPERIAL BANK 3.60%, due 04/07/2032  A-   3.60000 04/07/2032M 03/07/2032 100.0000
136375CD2 215,000 CANADIAN NATL RAILWAY 2.95%, due 11/21/2024  A-   2.95000 11/21/2024M 08/21/2024 100.0000
20030NCU3 225,000 COMCAST CORP 4.25%, due 10/15/2030  A-   4.25000 10/15/2030M 07/15/2030 100.0000
23355LAM8 250,000 DXC TECHNOLOGY CO 2.375%, due 09/15/2028  BBB-   2.37500 09/15/2028M 07/15/2028 100.0000
292480AL4 240,000 ENABLE MIDSTREAM PARTNERS 4.95%, due 05/15/2028  BBB   4.95000 05/15/2028M 02/15/2028 100.0000
37045XBQ8 250,000 GENERAL MOTORS FINL CO 4%, due 10/06/2026  BBB   4.00000 10/06/2026M 07/06/2026 100.0000
458140CA6 250,000 INTEL CORP 4.15%, due 08/05/2032  A-   4.15000 08/05/2032M 05/05/2032 100.0000
565849AB2 180,000 MARATHON OIL CORP 6.80%, due 03/15/2032  BBB-   6.80000 03/15/2032M    
59156RAE8 230,000 METLIFE INC 6.50%, due 12/15/2032  A-   6.50000 12/15/2032M    
718172CT4 225,000 PHILIP MORRIS INTL INC 5.125%, due 11/15/2024  A-   5.12500 11/15/2024M    
744330AA9 250,000 PRUDENTIAL PLC N/C, 3.125%, due 04/14/2030  A   3.12500 04/14/2030M    
731572AB9 250,000 RALPH LAUREN CORP 2.95%, due 06/15/2030  A-   2.95000 06/15/2030M 03/15/2030 100.0000
767201AD8 165,000 RIO TINTO FIN USA LTD 7.125%, due 07/15/2028  A   7.12500 07/15/2028M    
828807CY1 250,000 SIMON PROPERTY GROUP LP 3.25%, due 11/30/2026  A-   3.25000 11/30/2026M 08/30/2026 100.0000
86562MAK6 250,000 SUMITOMO MITSUI FINL GRP N/C, 3.01%, due 10/19/2026  A-   3.01000 10/19/2026M    
902133AR8 250,000 TYCO ELECTRONICS GROUP SA 3.45%, due 08/01/2024  A-   3.45000 08/01/2024M 05/01/2024 100.0000
983919AK7 250,000 XILINX INC 2.375%, due 06/01/2030  A-   2.37500 06/01/2030M 03/01/2030 100.0000
 
Total Number of Holdings:    25


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 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.

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. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East 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.

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, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30329R481 (Cash)
30329R499 (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.
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First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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