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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.
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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 |
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Initial Offer Price: |
$10.0000 |
NAV(*): |
$9.8335 |
POP(*): |
$9.9681 |
Remaining Deferred Sales Charge: |
$0.0000 |
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* As of Trade Date: 09/27/2023 4:00pm ET
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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:^ |
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^ 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.
|
SPDR Blackstone Senior Loan ETF
| SRLN |
1.01%
|
VanEck IG Floating Rate ETF
| FLTR |
1.01%
|
Invesco Variable Rate Preferred ETF
| VRP |
1.01%
|
First Trust Senior Loan Fund
| FTSL |
1.00%
|
SPDR Bloomberg Investment Grade Floating Rate ETF
| FLRN |
1.00%
|
iShares Short Treasury Bond ETF
| SHV |
0.99%
|
Invesco Senior Loan ETF
| BKLN |
0.99%
|
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
| HYS |
0.99%
|
SPDR Bloomberg Short Term High Yield Bond ETF
| SJNK |
0.99%
|
First Trust Tactical High Yield ETF
| HYLS |
0.98%
|
iShares 0-5 Year High Yield Corporate Bond ETF
| SHYG |
0.98%
|
iShares Broad USD High Yield Corporate Bond ETF
| USHY |
0.98%
|
SPDR Portfolio High Yield Bond ETF
| SPHY |
0.98%
|
Vanguard Total International Bond ETF
| BNDX |
0.97%
|
SPDR ICE Preferred Securities ETF
| PSK |
0.95%
|
iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF
| IGIB |
0.94%
|
iShares Broad USD Investment Grade Corporate Bond ETF
| USIG |
0.94%
|
Vanguard Intermediate-Term Corporate Bond ETF
| VCIT |
0.94%
|
Vanguard Mortgage-Backed Securities ETF
| VMBS |
0.94%
|
Schwab 5-10 Year Corporate Bond ETF
| SCHI |
0.94%
|
iShares MBS ETF
| MBB |
0.93%
|
SPDR Portfolio Mortgage Backed Bond ETF
| SPMB |
0.93%
|
Janus Henderson Mortgage-Backed Securities ETF
| JMBS |
0.93%
|
Chevron Corporation
| CVX |
0.91%
|
SPDR Portfolio Long Term Corporate Bond ETF
| SPLB |
0.90%
|
Vanguard Long-Term Corporate Bond ETF
| VCLT |
0.89%
|
Caterpillar Inc.
| CAT |
0.77%
|
Charter Communications, Inc. (Class A)
| CHTR |
0.76%
|
PACCAR Inc
| PCAR |
0.75%
|
Lam Research Corporation
| LRCX |
0.74%
|
Old Dominion Freight Line, Inc.
| ODFL |
0.74%
|
Aflac Incorporated
| AFL |
0.73%
|
Applied Materials, Inc.
| AMAT |
0.72%
|
ON Semiconductor Corporation
| ON |
0.72%
|
Costco Wholesale Corporation
| COST |
0.70%
|
Cognizant Technology Solutions Corporation
| CTSH |
0.70%
|
The TJX Companies, Inc.
| TJX |
0.69%
|
D.R. Horton, Inc.
| DHI |
0.69%
|
Cencora Inc.
| COR |
0.69%
|
Vertex Pharmaceuticals Incorporated
| VRTX |
0.68%
|
Arista Networks, Inc.
| ANET |
0.68%
|
The Cigna Group
| CI |
0.68%
|
Walmart Inc.
| WMT |
0.67%
|
Lennar Corporation
| LEN |
0.67%
|
W.W. Grainger, Inc.
| GWW |
0.66%
|
Hess Corporation
| HES |
0.66%
|
Diamondback Energy, Inc.
| FANG |
0.66%
|
Toyota Motor Corporation
| TM |
0.65%
|
Fastenal Company
| FAST |
0.65%
|
EOG Resources, Inc.
| EOG |
0.65%
|
Valero Energy Corporation
| VLO |
0.65%
|
DuPont de Nemours Inc.
| DD |
0.65%
|
Intel Corporation
| INTC |
0.64%
|
Nucor Corporation
| NUE |
0.64%
|
Cisco Systems, Inc.
| CSCO |
0.64%
|
Pioneer Natural Resources Company
| PXD |
0.64%
|
CME Group Inc.
| CME |
0.64%
|
Exxon Mobil Corporation
| XOM |
0.63%
|
Regeneron Pharmaceuticals, Inc.
| REGN |
0.63%
|
Visa Inc. (Class A)
| V |
0.63%
|
UnitedHealth Group Incorporated
| UNH |
0.62%
|
The Procter & Gamble Company
| PG |
0.62%
|
Deere & Company
| DE |
0.62%
|
Johnson & Johnson
| JNJ |
0.60%
|
The Travelers Companies, Inc.
| TRV |
0.60%
|
Archer-Daniels-Midland Company
| ADM |
0.59%
|
Super Micro Computer, Inc.
| SMCI |
0.59%
|
Merck & Co., Inc.
| MRK |
0.58%
|
Abbott Laboratories
| ABT |
0.58%
|
Hitachi, Ltd. (ADR)
| HTHIY |
0.58%
|
Novo Nordisk A/S (ADR)
| NVO |
0.57%
|
General Motors Company
| GM |
0.57%
|
Tokyo Electron Limited (ADR)
| TOELY |
0.56%
|
Dow Inc.
| DOW |
0.56%
|
Accenture Plc
| ACN |
0.55%
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Equinor ASA
| EQNR |
0.55%
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The Kraft Heinz Company
| KHC |
0.55%
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Industria de Diseno Textil, S.A. (ADR)
| IDEXY |
0.55%
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Canadian Natural Resources Limited
| CNQ |
0.54%
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Public Storage
| PSA |
0.53%
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Eni SpA (ADR)
| E |
0.53%
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Tractor Supply Company
| TSCO |
0.53%
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Verizon Communications Inc.
| VZ |
0.52%
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KDDI Corporation (ADR)
| KDDIY |
0.52%
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Corteva Inc.
| CTVA |
0.52%
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Shell Plc (ADR)
| SHEL |
0.52%
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WEC Energy Group, Inc.
| WEC |
0.51%
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TotalEnergies SE (ADR)
| TTE |
0.51%
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Nippon Telegraph and Telephone Corporation (ADR)
| NTTYY |
0.51%
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Keysight Technologies, Inc.
| KEYS |
0.51%
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Xcel Energy Inc.
| XEL |
0.50%
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United Parcel Service, Inc. (Class B)
| UPS |
0.50%
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Shin-Etsu Chemical Co., Ltd. (ADR)
| SHECY |
0.50%
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The Hershey Company
| HSY |
0.49%
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Sanofi (ADR)
| SNY |
0.49%
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Pfizer Inc.
| PFE |
0.48%
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Air Liquide S.A. (ADR)
| AIQUY |
0.48%
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Takeda Pharmaceutical Company Limited (ADR)
| TAK |
0.48%
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Glencore Plc (ADR)
| GLNCY |
0.48%
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Daikin Industries, Ltd. (ADR)
| DKILY |
0.48%
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General Mills, Inc.
| GIS |
0.47%
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Bayerische Motoren Werke AG (ADR)
| BMWYY |
0.47%
|
Sony Group Corp. (ADR)
| SONY |
0.46%
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Rio Tinto Plc (ADR)
| RIO |
0.46%
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Ulta Beauty, Inc.
| ULTA |
0.46%
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Mercedes-Benz Group AG (ADR)
| MBGYY |
0.46%
|
BHP Group Ltd (ADR)
| BHP |
0.45%
|
British American Tobacco Plc (ADR)
| BTI |
0.45%
|
L'Oreal S.A. (ADR)
| LRLCY |
0.45%
|
Iberdrola S.A. (ADR)
| IBDRY |
0.44%
|
Deutsche Post AG (ADR)
| DHLGY |
0.44%
|
Hermes International (ADR)
| HESAY |
0.44%
|
Dollar Tree, Inc.
| DLTR |
0.43%
|
Deutsche Telekom AG (ADR)
| DTEGY |
0.42%
|
Moderna, Inc.
| MRNA |
0.38%
|
Saia, Inc.
| SAIA |
0.36%
|
Lithia Motors, Inc.
| LAD |
0.34%
|
Murphy USA Inc.
| MUSA |
0.33%
|
UFP Industries Inc.
| UFPI |
0.32%
|
Williams-Sonoma, Inc.
| WSM |
0.32%
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Comfort Systems USA, Inc.
| FIX |
0.32%
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PBF Energy Inc.
| PBF |
0.32%
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TopBuild Corp.
| BLD |
0.32%
|
Medpace Holdings, Inc.
| MEDP |
0.32%
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United States Steel Corporation
| X |
0.31%
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Toll Brothers, Inc.
| TOL |
0.31%
|
Unum Group
| UNM |
0.31%
|
PulteGroup, Inc.
| PHM |
0.31%
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Jabil Inc.
| JBL |
0.31%
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Coca-Cola Consolidated Inc.
| COKE |
0.30%
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Dollar General Corporation
| DG |
0.30%
|
HF Sinclair Corp.
| DINO |
0.30%
|
Eagle Materials Inc.
| EXP |
0.29%
|
Penske Automotive Group, Inc.
| PAG |
0.29%
|
EQT Corporation
| EQT |
0.29%
|
RPM International Inc.
| RPM |
0.28%
|
Watsco, Inc.
| WSO |
0.28%
|
Asbury Automotive Group, Inc.
| ABG |
0.28%
|
SPS Commerce, Inc.
| SPSC |
0.28%
|
Civitas Resources, Inc.
| CIVI |
0.28%
|
J.B. Hunt Transport Services, Inc.
| JBHT |
0.27%
|
Snap-on Incorporated
| SNA |
0.27%
|
Old Republic International Corporation
| ORI |
0.27%
|
Deckers Outdoor Corporation
| DECK |
0.27%
|
Liberty Broadband Corporation (Class C)
| LBRDK |
0.27%
|
Arrow Electronics, Inc.
| ARW |
0.26%
|
Expeditors International of Washington, Inc.
| EXPD |
0.26%
|
RLI Corp.
| RLI |
0.26%
|
Commercial Metals Company
| CMC |
0.26%
|
Reliance Steel & Aluminum Co.
| RS |
0.26%
|
Westlake Corporation
| WLK |
0.26%
|
Packaging Corporation of America
| PKG |
0.26%
|
Schneider National, Inc. (Class B)
| SNDR |
0.26%
|
The New York Times Company (Class A)
| NYT |
0.25%
|
Landstar System, Inc.
| LSTR |
0.25%
|
Coterra Energy Inc.
| CTRA |
0.25%
|
Steel Dynamics, Inc.
| STLD |
0.24%
|
BJ's Wholesale Club Holdings, Inc.
| BJ |
0.24%
|
Atmos Energy Corporation
| ATO |
0.23%
|
Amkor Technology, Inc.
| AMKR |
0.23%
|
Inter Parfums, Inc.
| IPAR |
0.23%
|
The Ensign Group, Inc.
| ENSG |
0.23%
|
Knight-Swift Transportation Holdings Inc.
| KNX |
0.23%
|
Prosperity Bancshares, Inc.
| PB |
0.22%
|
Monolithic Power Systems, Inc.
| MPWR |
0.22%
|
Graphic Packaging Holding Company
| GPK |
0.22%
|
Flowers Foods, Inc.
| FLO |
0.21%
|
Tyson Foods, Inc. (Class A)
| TSN |
0.21%
|
Silgan Holdings Inc.
| SLGN |
0.20%
|
The Mosaic Company
| MOS |
0.20%
|
Boise Cascade Company
| BCC |
0.20%
|
CONSOL Energy Inc.
| CEIX |
0.20%
|
Alpha Metallurgical Resources, Inc.
| AMR |
0.20%
|
QuidelOrtho Corporation
| QDEL |
0.20%
|
Campbell Soup Company
| CPB |
0.19%
|
M/I Homes, Inc.
| MHO |
0.18%
|
Onto Innovation Inc.
| ONTO |
0.18%
|
Matson, Inc.
| MATX |
0.18%
|
Cirrus Logic, Inc.
| CRUS |
0.17%
|
Earthstone Energy, Inc. (Class A)
| ESTE |
0.17%
|
MGIC Investment Corporation
| MTG |
0.16%
|
Badger Meter, Inc.
| BMI |
0.16%
|
NMI Holdings, Inc. (Class A)
| NMIH |
0.16%
|
Arch Resources Inc.
| ARCH |
0.16%
|
Warrior Met Coal, Inc.
| HCC |
0.16%
|
KB Home
| KBH |
0.15%
|
Axcelis Technologies, Inc.
| ACLS |
0.15%
|
NewMarket Corporation
| NEU |
0.15%
|
Sprouts Farmers Market, Inc.
| SFM |
0.15%
|
Vista Outdoor Inc.
| VSTO |
0.15%
|
Arcosa, Inc.
| ACA |
0.15%
|
Mueller Industries, Inc.
| MLI |
0.14%
|
Radian Group Inc.
| RDN |
0.14%
|
M.D.C. Holdings, Inc.
| MDC |
0.14%
|
Rush Enterprises, Inc. (Class A)
| RUSHA |
0.14%
|
Otter Tail Corporation
| OTTR |
0.13%
|
Brady Corporation
| BRC |
0.13%
|
The Brink's Company
| BCO |
0.13%
|
Cathay General Bancorp
| CATY |
0.13%
|
Avnet, Inc.
| AVT |
0.13%
|
Meritage Homes Corporation
| MTH |
0.13%
|
Encore Wire Corporation
| WIRE |
0.13%
|
LCI Industries
| LCII |
0.13%
|
Genworth Financial, Inc.
| GNW |
0.13%
|
CBIZ, Inc.
| CBZ |
0.13%
|
CVB Financial Corp.
| CVBF |
0.13%
|
Grand Canyon Education, Inc.
| LOPE |
0.13%
|
Tri Pointe Homes, Inc.
| TPH |
0.13%
|
Acushnet Holdings Corp.
| GOLF |
0.13%
|
FirstCash Holdings, Inc.
| FCFS |
0.13%
|
Plexus Corp.
| PLXS |
0.12%
|
AMN Healthcare Services, Inc.
| AMN |
0.12%
|
Hub Group, Inc.
| HUBG |
0.12%
|
Innospec Inc.
| IOSP |
0.12%
|
CorVel Corporation
| CRVL |
0.12%
|
NetScout Systems, Inc.
| NTCT |
0.12%
|
Chewy, Inc. (Class A)
| CHWY |
0.12%
|
Werner Enterprises, Inc.
| WERN |
0.11%
|
Sanmina Corporation
| SANM |
0.11%
|
Cabot Corporation
| CBT |
0.11%
|
Steven Madden, Ltd.
| SHOO |
0.11%
|
Skyline Champion Corporation
| SKY |
0.11%
|
Cavco Industries, Inc.
| CVCO |
0.11%
|
Cal-Maine Foods, Inc.
| CALM |
0.11%
|
Diodes Incorporated
| DIOD |
0.11%
|
EchoStar Corporation (Class A)
| SATS |
0.11%
|
Peabody Energy Corporation
| BTU |
0.11%
|
Ingles Markets, Incorporated
| IMKTA |
0.10%
|
Weis Markets, Inc.
| WMK |
0.09%
|
O-I Glass, Inc.
| OI |
0.09%
|
Tootsie Roll Industries, Inc.
| TR |
0.08%
|
Forward Air Corporation
| FWRD |
0.08%
|
Vir Biotechnology, Inc.
| VIR |
0.05%
|
Hawaiian Electric Industries, Inc.
| HE |
0.04%
|
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Total Number of Holdings: 234 |
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Underlying Securities information represented above is as of 09/26/2023 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. 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. 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, ©2023 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.
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|
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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