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75/25 Strategic Allocation, 2nd Qtr 2023  Ticker: FMTVLX
 
Description
A unit investment trust which seeks the potential for above-average total return by investing approximately 75% of its assets in common stocks which are selected by applying a disciplined investment strategy and 25% 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: 7S2Q23
Portfolio Status: Secondary
Initial Offer Date: 04/11/2023
Secondary Date: 07/11/2023
Portfolio Ending Date: 07/16/2024
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $11.1703
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 05/24/2024 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.

 Historical 12-Month Distribution of Trust Holdings:^
Rate  Per Unit (as of 5/24/2024)
----- $0.27200
^ 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 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 distributions are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit 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.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 Super Micro Computer, Inc. SMCI 1.83%
 Exxon Mobil Corporation XOM 1.19%
 Lam Research Corporation LRCX 1.04%
 Applied Materials, Inc. AMAT 1.03%
 Arista Networks, Inc. ANET 1.03%
 Invesco Variable Rate Preferred ETF VRP 0.94%
 Costco Wholesale Corporation COST 0.90%
 PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund HYS 0.90%
 iShares Broad USD High Yield Corporate Bond ETF USHY 0.90%
 First Trust Tactical High Yield ETF HYLS 0.89%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 0.89%
 VanEck IG Floating Rate ETF FLTR 0.89%
 SPDR Portfolio High Yield Bond ETF SPHY 0.89%
 Invesco Senior Loan ETF BKLN 0.88%
 SPDR Bloomberg Short Term High Yield Bond ETF SJNK 0.88%
 First Trust Senior Loan Fund FTSL 0.88%
 SPDR Blackstone Senior Loan ETF SRLN 0.88%
 SPDR Bloomberg Investment Grade Floating Rate ETF FLRN 0.88%
 Caterpillar Inc. CAT 0.87%
 iShares Short Treasury Bond ETF SHV 0.87%
 iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB 0.86%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 0.86%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 0.86%
 SPDR ICE Preferred Securities ETF PSK 0.86%
 Vanguard Total International Bond ETF BNDX 0.86%
 PACCAR Inc PCAR 0.85%
 Tokyo Electron Limited (ADR) TOELY 0.85%
 Schwab 5-10 Year Corporate Bond ETF SCHI 0.85%
 Vanguard Mortgage-Backed Securities ETF VMBS 0.84%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 0.84%
 iShares MBS ETF MBB 0.83%
 Vanguard Long-Term Corporate Bond ETF VCLT 0.83%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 0.83%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 0.83%
 W.W. Grainger, Inc. GWW 0.82%
 Lennar Corporation LEN 0.82%
 D.R. Horton, Inc. DHI 0.81%
 Hitachi, Ltd. (ADR) HTHIY 0.78%
 Vertex Pharmaceuticals Incorporated VRTX 0.77%
 Chevron Corporation CVX 0.75%
 Aflac Incorporated AFL 0.74%
 Novo Nordisk A/S (ADR) NVO 0.74%
 Diamondback Energy, Inc. FANG 0.73%
 Cencora Inc. COR 0.72%
 Walmart Inc. WMT 0.71%
 The TJX Companies, Inc. TJX 0.71%
 Toyota Motor Corporation TM 0.69%
 Fastenal Company FAST 0.69%
 The Cigna Group CI 0.69%
 General Motors Company GM 0.68%
 The Travelers Companies, Inc. TRV 0.67%
 Visa Inc. (Class A) V 0.66%
 Regeneron Pharmaceuticals, Inc. REGN 0.65%
 Valero Energy Corporation VLO 0.65%
 Tractor Supply Company TSCO 0.64%
 DuPont de Nemours Inc. DD 0.64%
 Nucor Corporation NUE 0.63%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.63%
 Merck & Co., Inc. MRK 0.62%
 Cognizant Technology Solutions Corporation CTSH 0.61%
 The Procter & Gamble Company PG 0.60%
 CME Group Inc. CME 0.60%
 Hess Corporation HES 0.57%
 Canadian Natural Resources Limited CNQ 0.57%
 Comfort Systems USA, Inc. FIX 0.57%
 Old Dominion Freight Line, Inc. ODFL 0.56%
 Moderna, Inc. MRNA 0.56%
 Dow Inc. DOW 0.56%
 Verizon Communications Inc. VZ 0.55%
 Abbott Laboratories ABT 0.55%
 EOG Resources, Inc. EOG 0.55%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.55%
 UnitedHealth Group Incorporated UNH 0.54%
 Deere & Company DE 0.54%
 Williams-Sonoma, Inc. WSM 0.53%
 Intel Corporation INTC 0.51%
 ON Semiconductor Corporation ON 0.51%
 Hermes International (ADR) HESAY 0.51%
 Shell Plc (ADR) SHEL 0.51%
 Air Liquide S.A. (ADR) AIQUY 0.50%
 Keysight Technologies, Inc. KEYS 0.50%
 The Kraft Heinz Company KHC 0.50%
 Corteva Inc. CTVA 0.50%
 Johnson & Johnson JNJ 0.49%
 TotalEnergies SE (ADR) TTE 0.49%
 Cisco Systems, Inc. CSCO 0.49%
 Deckers Outdoor Corporation DECK 0.49%
 Public Storage PSA 0.48%
 Accenture Plc ACN 0.47%
 Rio Tinto Plc (ADR) RIO 0.47%
 L'Oreal S.A. (ADR) LRLCY 0.47%
 TopBuild Corp. BLD 0.47%
 Glencore Plc (ADR) GLNCY 0.47%
 Eni SpA (ADR) E 0.46%
 Toll Brothers, Inc. TOL 0.46%
 WEC Energy Group, Inc. WEC 0.45%
 Medpace Holdings, Inc. MEDP 0.45%
 Iberdrola S.A. (ADR) IBDRY 0.44%
 General Mills, Inc. GIS 0.43%
 BHP Group Ltd (ADR) BHP 0.43%
 PulteGroup, Inc. PHM 0.43%
 Equinor ASA EQNR 0.43%
 Charter Communications, Inc. (Class A) CHTR 0.42%
 Mercedes-Benz Group AG (ADR) MBGYY 0.42%
 Archer-Daniels-Midland Company ADM 0.41%
 Xcel Energy Inc. XEL 0.41%
 The Hershey Company HSY 0.41%
 Deutsche Telekom AG (ADR) DTEGY 0.41%
 Dollar Tree, Inc. DLTR 0.41%
 Bayerische Motoren Werke AG (ADR) BMWYY 0.41%
 Sony Group Corp. (ADR) SONY 0.40%
 United Parcel Service, Inc. (Class B) UPS 0.40%
 Coca-Cola Consolidated Inc. COKE 0.40%
 Deutsche Post AG (ADR) DHLGY 0.40%
 KDDI Corporation (ADR) KDDIY 0.40%
 Daikin Industries, Ltd. (ADR) DKILY 0.40%
 Ulta Beauty, Inc. ULTA 0.39%
 Pfizer Inc. PFE 0.38%
 British American Tobacco Plc (ADR) BTI 0.38%
 Sanofi (ADR) SNY 0.38%
 Murphy USA Inc. MUSA 0.38%
 Eagle Materials Inc. EXP 0.37%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.36%
 Dollar General Corporation DG 0.36%
 UFP Industries Inc. UFPI 0.34%
 Watsco, Inc. WSO 0.34%
 Takeda Pharmaceutical Company Limited (ADR) TAK 0.34%
 Monolithic Power Systems, Inc. MPWR 0.33%
 Saia, Inc. SAIA 0.32%
 United States Steel Corporation X 0.31%
 Jabil Inc. JBL 0.31%
 RPM International Inc. RPM 0.30%
 Amkor Technology, Inc. AMKR 0.30%
 Onto Innovation Inc. ONTO 0.30%
 Westlake Corporation WLK 0.30%
 Unum Group UNM 0.29%
 Packaging Corporation of America PKG 0.28%
 SPS Commerce, Inc. SPSC 0.28%
 The New York Times Company (Class A) NYT 0.27%
 Old Republic International Corporation ORI 0.27%
 Steel Dynamics, Inc. STLD 0.27%
 Reliance Inc. RS 0.27%
 The Ensign Group, Inc. ENSG 0.27%
 EQT Corporation EQT 0.26%
 Lithia Motors, Inc. LAD 0.26%
 Asbury Automotive Group, Inc. ABG 0.26%
 Sprouts Farmers Market, Inc. SFM 0.26%
 HF Sinclair Corp. DINO 0.26%
 Snap-on Incorporated SNA 0.25%
 Commercial Metals Company CMC 0.25%
 PBF Energy Inc. PBF 0.25%
 Boise Cascade Company BCC 0.25%
 BJ's Wholesale Club Holdings, Inc. BJ 0.25%
 Arrow Electronics, Inc. ARW 0.24%
 Expeditors International of Washington, Inc. EXPD 0.24%
 Cirrus Logic, Inc. CRUS 0.24%
 Penske Automotive Group, Inc. PAG 0.24%
 RLI Corp. RLI 0.24%
 Graphic Packaging Holding Company GPK 0.24%
 M/I Homes, Inc. MHO 0.23%
 Coterra Energy Inc. CTRA 0.23%
 Landstar System, Inc. LSTR 0.22%
 Prosperity Bancshares, Inc. PB 0.22%
 Matson, Inc. MATX 0.22%
 Civitas Resources, Inc. CIVI 0.22%
 Tyson Foods, Inc. (Class A) TSN 0.21%
 Atmos Energy Corporation ATO 0.21%
 Alpha Metallurgical Resources, Inc. AMR 0.21%
 J.B. Hunt Transport Services, Inc. JBHT 0.20%
 KB Home KBH 0.20%
 Warrior Met Coal, Inc. HCC 0.20%
 Flowers Foods, Inc. FLO 0.19%
 Mueller Industries, Inc. MLI 0.19%
 Silgan Holdings Inc. SLGN 0.19%
 Knight-Swift Transportation Holdings Inc. KNX 0.19%
 Campbell Soup Company CPB 0.18%
 Encore Wire Corporation WIRE 0.18%
 Badger Meter, Inc. BMI 0.18%
 Inter Parfums, Inc. IPAR 0.18%
 Permian Resources Corp. PR 0.18%
 Schneider National, Inc. (Class B) SNDR 0.18%
 MGIC Investment Corporation MTG 0.17%
 The Brink's Company BCO 0.17%
 Meritage Homes Corporation MTH 0.17%
 CBIZ, Inc. CBZ 0.17%
 Tri Pointe Homes, Inc. TPH 0.17%
 CONSOL Energy Inc. CEIX 0.17%
 NewMarket Corporation NEU 0.16%
 NMI Holdings, Inc. (Class A) NMIH 0.16%
 Arcosa, Inc. ACA 0.16%
 Radian Group Inc. RDN 0.15%
 Cabot Corporation CBT 0.15%
 CorVel Corporation CRVL 0.15%
 The Mosaic Company MOS 0.15%
 Vista Outdoor Inc. VSTO 0.15%
 Otter Tail Corporation OTTR 0.14%
 Brady Corporation BRC 0.14%
 Avnet, Inc. AVT 0.14%
 Steven Madden, Ltd. SHOO 0.14%
 Rush Enterprises, Inc. (Class A) RUSHA 0.14%
 Grand Canyon Education, Inc. LOPE 0.14%
 Liberty Broadband Corporation (Class C) LBRDK 0.14%
 Arch Resources Inc. ARCH 0.14%
 Acushnet Holdings Corp. GOLF 0.14%
 FirstCash Holdings, Inc. FCFS 0.14%
 Sanmina Corporation SANM 0.13%
 Plexus Corp. PLXS 0.13%
 Cavco Industries, Inc. CVCO 0.13%
 Innospec Inc. IOSP 0.13%
 Cathay General Bancorp CATY 0.12%
 Cal-Maine Foods, Inc. CALM 0.12%
 Hub Group, Inc. HUBG 0.12%
 Genworth Financial, Inc. GNW 0.12%
 Skyline Champion Corporation SKY 0.11%
 LCI Industries LCII 0.11%
 CVB Financial Corp. CVBF 0.11%
 EchoStar Corporation (Class A) SATS 0.11%
 Peabody Energy Corporation BTU 0.10%
 Chewy, Inc. (Class A) CHWY 0.10%
 QuidelOrtho Corporation QDEL 0.10%
 Werner Enterprises, Inc. WERN 0.09%
 Axcelis Technologies, Inc. ACLS 0.09%
 Diodes Incorporated DIOD 0.09%
 Ingles Markets, Incorporated IMKTA 0.09%
 Tootsie Roll Industries, Inc. TR 0.08%
 Weis Markets, Inc. WMK 0.08%
 NetScout Systems, Inc. NTCT 0.08%
 AMN Healthcare Services, Inc. AMN 0.07%
 O-I Glass, Inc. OI 0.06%
 Vir Biotechnology, Inc. VIR 0.05%
 Hawaiian Electric Industries, Inc. HE 0.03%
 Forward Air Corporation FWRD 0.01%
 
Total Number of Holdings:    232
Underlying Securities information represented above is as of 05/24/2024 but will vary with future fluctuations in the market.

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 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.

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.

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. 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.

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.

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

Fund Cusip Information
30330V547 (Cash)
30330V554 (Reinvest)
30330V562 (Cash-Fee)
30330V570 (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.
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