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Global Commodities Companies Buy-Write, 7  Ticker: FTMDZX
 
Description
A unit investment trust that seeks to provide income, with limited capital appreciation as a secondary objective. The portfolio invests in common stocks of global commodities companies, and simultaneously, the portfolio sells a Long-Term Equity AnticiPation Securities (LEAPS®) call option against each position.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: GCBW7
Portfolio Status: Secondary
Initial Offer Date: 05/16/2023
Secondary Date: 07/25/2023
Portfolio Ending Date: 01/22/2025
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.9149
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/22/2024 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 7/22/2024)
----- $0.29780
^ 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 Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 0.00%
Consumer Discretionary  Consumer Discretionary 0.00%
Consumer Staples  Consumer Staples 8.24%
Energy  Energy 53.49%
Financials  Financials 0.00%
Health Care  Health Care 0.00%
Industrials  Industrials 2.12%
Information Technology  Information Technology 0.00%
Materials  Materials 44.96%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
 
  Large Mid Small  
Growth  0.00% 0.00% 0.00%  
Value  78.82% 29.99% 0.00%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 78.82%
Mid-Cap Growth 0.00%
Mid-Cap Value 29.99%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.00%
 Composition
U.S. Stocks 64.65%   Other -8.81%
Non-U.S. Stocks 44.16%      
The style and sector characteristics of the portfolio are determined as of 07/22/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $110,817
Price/Earnings 12.54
Price/Book 1.68
Average Call Moneyness 24.53%
As of 7/22/2024
All market capitalization numbers are in USD$ Millions. Market cap and price ratio statistics are for the equity portion of the fund and exclude cash and options. Moneyness is how much an option contract's strike price is in-the-money (ITM) or out-of-the-money (OTM) expressed as a percentage of the price of the option contract's underlying asset. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 10.68%
 Diamondback Energy, Inc. FANG Energy  Energy Large-Cap Value 6.57%
 Steel Dynamics, Inc. STLD Materials  Materials Mid-Cap Value 5.46%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 5.32%
 Canadian Natural Resources Limited CNQ Energy  Energy Large-Cap Value 5.29%
 Nucor Corporation NUE Materials  Materials Large-Cap Value 5.24%
 Marathon Oil Corporation MRO Energy  Energy Mid-Cap Value 4.98%
 Freeport-McMoRan Inc. FCX Materials  Materials Large-Cap Value 4.92%
 Bunge Global S.A. BG Consumer Staples  Consumer Staples Mid-Cap Value 4.82%
 Agnico Eagle Mines Limited AEM Materials  Materials Large-Cap Value 4.80%
 ConocoPhillips COP Energy  Energy Large-Cap Value 4.80%
 Linde Plc LIN Materials  Materials Large-Cap Value 4.73%
 Shell Plc (ADR) SHEL Energy  Energy Large-Cap Value 4.63%
 Rio Tinto Plc (ADR) RIO Materials  Materials Large-Cap Value 4.11%
 EOG Resources, Inc. EOG Energy  Energy Large-Cap Value 4.07%
 CF Industries Holdings, Inc. CF Materials  Materials Mid-Cap Value 3.81%
 BP Plc (ADR) BP Energy  Energy Large-Cap Value 3.78%
 ArcelorMittal (ADR) MT Materials  Materials Mid-Cap Value 3.55%
 Archer-Daniels-Midland Company ADM Consumer Staples  Consumer Staples Large-Cap Value 3.42%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 3.37%
 Nutrien Ltd. NTR Materials  Materials Mid-Cap Value 3.24%
 Vale S.A. (ADR) VALE Materials  Materials Large-Cap Value 3.09%
 Sociedad Quimica y Minera de Chile S.A. (ADR) SQM Industrials  Industrials Mid-Cap Value 2.12%
 Albemarle Corporation ALB Materials  Materials Mid-Cap Value 2.01%
 2025-01-17 Vale S.A. (ADR) C 17     -0.01%
 2025-01-17 Albemarle Corporation C 250     -0.01%
 2025-01-17 BP Plc (ADR) C 45     -0.02%
 2025-01-17 Nutrien Ltd. C 75     -0.02%
 2025-01-17 Chevron Corporation C 190     -0.03%
 2025-01-17 Archer-Daniels-Midland Company C 90     -0.03%
 2025-01-17 Sociedad Quimica y Minera de Chile S.A. (ADR) C 90     -0.03%
 2025-01-17 ArcelorMittal (ADR) C 32     -0.03%
 2025-01-17 Rio Tinto Plc (ADR) C 75     -0.06%
 2025-01-17 Exxon Mobil Corporation C 125     -0.15%
 2025-01-17 Shell Plc (ADR) C 75     -0.16%
 2025-01-17 CF Industries Holdings, Inc. C 80     -0.17%
 2025-01-17 ConocoPhillips C 120     -0.20%
 2025-01-17 EOG Resources, Inc. C 131     -0.26%
 2025-01-17 Linde Plc C 450     -0.29%
 2025-01-17 Nucor Corporation C 170     -0.36%
 2025-01-17 Bunge Global S.A. C 110     -0.43%
 2025-01-17 Marathon Oil Corporation C 27     -0.50%
 2025-01-17 Canadian Natural Resources Limited C 33.75     -0.55%
 2025-01-17 Freeport-McMoRan Inc. C 45     -0.61%
 2025-01-17 Agnico Eagle Mines Limited C 70     -0.64%
 2025-01-17 Exxon Mobil Corporation C 250     -0.66%
 2025-01-17 Steel Dynamics, Inc. C 120     -0.71%
 2025-01-17 Marathon Petroleum Corporation C 135     -1.19%
 2025-01-17 Diamondback Energy, Inc. C 149.22     -1.95%
 
Total Number of Holdings:    49
Underlying Securities information represented above is as of 07/22/2024 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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

Agribusiness Risk. The companies engaged in the agribusiness industry are subject to cyclicality of revenues and earnings, economic recession, currency fluctuations, changing consumer tastes, extensive competition, excess capacity, product liability litigation and governmental regulation and subsidies.

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.

LEAPS Risk. The value of the LEAPS is deducted from the value of the portfolio assets when determining the value of a unit. As the value of the LEAPS increases, it has a more negative impact on the value of the units. The value of the LEAPS will also be affected by changes in the value and dividend rates of the underlying stocks, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the stocks and the remaining time to expiration. Additionally, the value of the LEAPS does not increase or decrease at the same rate as the underlying stock. However, as the LEAPS approach their expiration date, their value increasingly moves with the price of the stock.

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.

Technology Risk. The companies engaged in the information technology sector are subject to fierce competition, high research and development costs, and their products and services may be subject to rapid obsolescence. Technology company stocks, especially those which are Internet-related, may experience extreme price and volume fluctuations that are often unrelated to their operating performance.

US Treasury Note Risk. The value of U.S. Treasury notes will be adversely affected by decreases in bond prices and increases in interest rates.

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.

The style and capitalization characteristics used to describe the stocks are designed to help you understand how they fit into your overall investment plan. Due to changes in the value of the stocks the characteristics may vary over time. In general, growth stocks have high relative price-to-book ratios while value stocks have low relative price-to-book ratios. In determining market capitalization characteristics, we analyze the market capitalizations of the 3,000 largest stocks in the U.S. (excluding foreign securities, ADRs, limited partnerships and regulated investment companies) on a monthly basis. Companies with market capitalizations among the largest 10% are considered Large-Cap securities, the next 20% are considered Mid-Cap securities and the remaining securities are considered Small-Cap securities.

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
30331D447 (Cash)
30331D454 (Cash-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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