Corporate High Income, 28  Ticker: FZJAFX
 
Description
A unit investment trust that invests in a professionally selected, fixed portfolio of corporate bond issues. The trust seeks to distribute high current monthly income and to preserve capital.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: CHIN28
Portfolio Status: Secondary
Initial Offer Date: 01/17/2023
Secondary Date: 07/14/2023
Wtd Avg Maturity: 1.3
ELTR Life: 1.3
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,005.3800
NAV(*): $901.0600
POP(*): $914.8300
PAR(*): $921.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 04/16/2024 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
30330C762 Monthly $0.8100 $35.9300 3.930% 4.496%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
00928QAQ4 70,000 AIRCASTLE LTD 4.125%, due 05/01/2024  BBB-   4.12500 05/01/2024M 05/15/2024 100.0000
042735BG4 275,000 ARROW ELECTRONICS INC 3.25%, due 09/08/2024  BBB-   3.25000 09/08/2024M 07/08/2024 100.0000
053807AS2 275,000 AVNET INC 4.625%, due 04/15/2026  BBB-   4.62500 04/15/2026M 01/15/2026 100.0000
11120VAC7 275,000 BRIXMOR OPERATING PART 4.125%, due 06/15/2026  BBB   4.12500 06/15/2026M 03/15/2026 100.0000
12592BAN4 275,000 CNH INDUSTRIAL CAP LLC 3.95%, due 05/23/2025  BBB+   3.95000 05/23/2025M    
22822VAB7 275,000 CROWN CASTLE INC 4.45%, due 02/15/2026  BBB   4.45000 02/15/2026M 11/15/2025 100.0000
24703TAC0 275,000 DELL INT LLC / EMC CORP 5.85%, due 07/15/2025  BBB   5.85000 07/15/2025M 06/15/2025 100.0000
23355LAL0 275,000 DXC TECHNOLOGY CO 1.80%, due 09/15/2026  BBB-   1.80000 09/15/2026M 08/15/2026 100.0000
281020AU1 275,000 EDISON INTERNATIONAL 4.70%, due 08/15/2025  BBB-   4.70000 08/15/2025M    
33938EAU1 275,000 FLEX LTD 4.75%, due 06/15/2025  BBB-   4.75000 06/15/2025M 03/15/2025 100.0000
37045XBQ8 275,000 GENERAL MOTORS FINL CO 4%, due 10/06/2026  BBB   4.00000 10/06/2026M 07/06/2026 100.0000
403949AB6 245,000 HF SINCLAIR CORP 5.875%, due 04/01/2026  BBB-   5.87500 04/01/2026M 01/01/2026 100.0000
67077MAZ1 275,000 NUTRIEN LTD 5.90%, due 11/07/2024  BBB   5.90000 11/07/2024M    
72650RBL5 275,000 PLAINS ALL AMER PIPELINE 4.50%, due 12/15/2026  BBB   4.50000 12/15/2026M 09/15/2026 100.0000
693506BQ9 275,000 PPG INDUSTRIES INC 2.40%, due 08/15/2024  BBB+   2.40000 08/15/2024M 07/15/2024 100.0000
693656AC4 275,000 PVH CORP 4.625%, due 07/10/2025  BBB-   4.62500 07/10/2025M 06/10/2025 100.0000
761713BG0 275,000 REYNOLDS AMERICAN INC 4.45%, due 06/12/2025  BBB+   4.45000 06/12/2025M 03/12/2025 100.0000
78355HKP3 275,000 RYDER SYSTEM INC 2.90%, due 12/01/2026  BBB+   2.90000 12/01/2026M 10/01/2026 100.0000
80282KAE6 275,000 SANTANDER HOLDINGS USA 4.50%, due 07/17/2025  BBB+   4.50000 07/17/2025M 04/17/2025 100.0000
860630AD4 275,000 STIFEL FINANCIAL CORP 4.25%, due 07/18/2024  BBB   4.25000 07/18/2024M    
87264ABB0 275,000 T-MOBILE USA INC 3.50%, due 04/15/2025  BBB   3.50000 04/15/2025M 03/15/2025 100.0000
92936MAF4 275,000 WPP FINANCE 2010 3.75%, due 09/19/2024  BBB   3.75000 09/19/2024M    
 
Total Number of Holdings:    22


Risk Considerations

Corporate Bond Risk. An investment in a portfolio containing corporate bonds is subject to certain risks, including higher interest rates, economic recession, deterioration of the bond market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

Buy & Hold Risk – Tax-Free Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity.

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.

Emerging Markets Risk. Risks associated with investing in non-U.S. securities may be more pronounced in emerging and developing markets where the securities markets are substantially smaller, less developed, less liquid, less regulated, and more volatile than the U.S. and developed non-U.S. markets.

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.

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.

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.

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.

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