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Corporate Investment Grade Laddered, 24  Ticker: FKYCKX
 
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: CLAD24
Portfolio Status: Secondary
Initial Offer Date: 06/15/2023
Secondary Date: 07/20/2023
Wtd Avg Maturity: 5.2
ELTR Life: 5.2
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $992.0000
NAV(*): $965.9500
POP(*): $987.6900
PAR(*): $1,000.9000
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
30331J204 Monthly $2.9300 $42.1700 4.270% 4.463%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
02361DBA7 250,000 AMEREN ILLINOIS CO 4.95%, due 06/01/2033  A   4.95000 06/01/2033M 03/01/2033 100.0000
02665WEF4 250,000 AMERICAN HONDA FINANCE 4.60%, due 04/17/2025  A-   4.60000 04/17/2025M    
03938LBE3 250,000 ARCELORMITTAL SA 6.55%, due 11/29/2027  BBB-   6.55000 11/29/2027M 10/29/2027 100.0000
05329WAP7 250,000 AUTONATION INC 3.80%, due 11/15/2027  BBB-   3.80000 11/15/2027M 08/15/2027 100.0000
053807AU7 250,000 AVNET INC 3%, due 05/15/2031  BBB-   3.00000 05/15/2031M 02/15/2031 100.0000
05723KAG5 250,000 BAKER HUGHES LLC/CO-OBL 3.138%, due 11/07/2029  A-   3.13800 11/07/2029M 08/07/2029 100.0000
06418GAC1 250,000 BANK OF NOVA SCOTIA 5.45%, due 06/12/2025  A-   5.45000 06/12/2025M    
14913R2Y2 250,000 CATERPILLAR FINL SERVICE 4.90%, due 01/17/2025  A   4.90000 01/17/2025M    
20030NEC1 250,000 COMCAST CORP 4.65%, due 02/15/2033  A-   4.65000 02/15/2033M 11/15/2032 100.0000
208251AE8 215,000 CONOCO INC 6.95%, due 04/15/2029  A-   6.95000 04/15/2029M    
26442UAH7 250,000 DUKE ENERGY PROGRESS LLC 3.45%, due 03/15/2029  A   3.45000 03/15/2029M 12/15/2028 100.0000
29273VAQ3 250,000 ENERGY TRANSFER LP 5.75%, due 02/15/2033  BBB   5.75000 02/15/2033M 11/15/2032 100.0000
34964CAH9 250,000 FORTUNE BRANDS INNOVATIONS 5.875%, due 06/01/2033  BBB   5.87500 06/01/2033M 03/01/2033 100.0000
37045VAV2 250,000 GENERAL MOTORS CO 6.125%, due 10/01/2025  BBB   6.12500 10/01/2025M 09/01/2025 100.0000
37940XAN2 250,000 GLOBAL PAYMENTS INC 5.30%, due 08/15/2029  BBB-   5.30000 08/15/2029M 06/15/2029 100.0000
458140BY5 250,000 INTEL CORP 3.75%, due 08/05/2027  A-   3.75000 08/05/2027M 07/05/2027 100.0000
24422EWW5 250,000 JOHN DEERE CAPITAL CORP N/C, 4.95%, due 06/06/2025  A   4.95000 06/06/2025M    
539830BW8 250,000 LOCKHEED MARTIN CORP 5.25%, due 01/15/2033  A-   5.25000 01/15/2033M 10/15/2032 100.0000
61746BEF9 250,000 MORGAN STANLEY 3.625%, due 01/20/2027  A-   3.62500 01/20/2027M    
718172CW7 250,000 PHILIP MORRIS INTL INC 5.625%, due 11/17/2029  A-   5.62500 11/17/2029M 09/17/2029 100.0000
74460DAJ8 250,000 PUBLIC STORAGE OP CO 2.25%, due 11/09/2031  A   2.25000 11/09/2031M 08/09/2031 100.0000
78016EYH4 250,000 ROYAL BANK OF CANADA 2.30%, due 11/03/2031  A   2.30000 11/03/2031M    
828807DM6 250,000 SIMON PROPERTY GROUP LP 2.20%, due 02/01/2031  A-   2.20000 02/01/2031M 11/01/2030 100.0000
87612BBS0 250,000 TARGA RESOURCES PARTNERS 4.875%, due 02/01/2031  BBB   4.87500 02/01/2031M 02/01/2026 102.4380
89115A2H4 250,000 TORONTO-DOMINION BANK 4.693%, due 09/15/2027  A   4.69300 09/15/2027M    
 
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
30331J204 (Cash)
30331J212 (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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