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Dividend & Income Select Closed-End, 106  Ticker: FQFHYX
 
Description
A unit investment trust that seeks to provide above-average total return through a combination of capital appreciation and dividend income. The portfolio is comprised of a pool of closed-end funds (CEFs) which invest primarily in dividend-paying common stocks and preferred securities. A portion of these CEFs invest in common stocks and, on an ongoing basis, will sell covered call options.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: DISL106
Portfolio Status: Secondary
Initial Offer Date: 02/28/2024
Secondary Date: 03/22/2024
Portfolio Ending Date: 02/27/2026
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.5973
POP(*): $10.8412
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/10/2024 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 (as of 12/10/2024) Per Unit (as of 12/9/2024)
7.61% $0.82530
^ 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.

 Premium/Discount of Securities Held in the Portfolio
Weighted Average Premium/Discount -6.45%
As of 12/9/2024
A premium occurs when an underlying security's market price is higher than its net asset value (or par value in the case of preferred securities), and a discount occurs when an underlying security's market price is lower than its net asset value (or par value in the case of preferred securities).

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 John Hancock Tax-Advantaged Dividend Income Fund HTD 4.24%
 Duff & Phelps Utility and Infrastructure Fund Inc. DPG 4.07%
 Nuveen Preferred & Income Opportunities Fund JPC 4.07%
 Royce Small-Cap Trust Inc. RVT 4.04%
 The Gabelli Dividend & Income Trust GDV 4.04%
 Tortoise Energy Infrastructure Corporation TYG 4.00%
 Eaton Vance Tax-Managed Buy-Write Opportunities Fund ETV 3.97%
 BlackRock Enhanced Global Dividend Trust BOE 3.95%
 CBRE Global Real Estate Income Fund IGR 3.93%
 Flaherty & Crumrine Preferred and Income Securities Fund Incorporated FFC 3.92%
 BlackRock Enhanced Equity Dividend Trust BDJ 3.89%
 Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund ETW 3.85%
 Liberty All-Star Equity Fund USA 3.84%
 Liberty All-Star Growth Fund, Inc. ASG 3.83%
 The Gabelli Equity Trust Inc. GAB 3.76%
 Eaton Vance Risk-Managed Diversified Equity Income Fund ETJ 3.50%
 Voya Global Equity Dividend and Premium Opportunity Fund IGD 3.35%
 Nuveen Dow 30 Dynamic Overwrite Fund DIAX 3.35%
 BlackRock Enhanced International Dividend Trust BGY 3.24%
 Nuveen Core Equity Alpha Fund JCE 3.11%
 Nuveen S&P 500 Dynamic Overwrite Fund SPXX 3.09%
 Royce Micro-Cap Trust, Inc. RMT 2.92%
 John Hancock Preferred Income Fund HPI 2.81%
 Voya Global Advantage and Premium Opportunity Fund IGA 2.47%
 abrdn Australia Equity Fund, Inc. IAF 2.41%
 Cohen & Steers Select Preferred and Income Fund, Inc. PSF 2.31%
 Voya Asia Pacific High Dividend Equity Income Fund IAE 2.23%
 Calamos Global Total Return Fund CGO 2.16%
 Calamos Global Dynamic Income Fund CHW 2.05%
 NXG Cushing Midstream Energy Fund SRV 1.60%
 
Total Number of Holdings:    30
Underlying Securities information represented above is as of 12/10/2024 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.

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.

Closed-End Fund Risk. Closed-end funds 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 the funds 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, closed-end funds frequently trade at a discount to their net asset value in the secondary market. Certain closed-end funds 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.

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.

Options Risk. Options are subject to various risks including that their value may be adversely affected if the market for the option becomes less liquid or smaller. In addition, options will be affected by changes in the value and dividend rates of the stock subject to the option, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the common stock and the remaining time to expiration.

Public Health Crisis Risk. A public health crisis, and the ensuing policies enacted by governments and central banks in response, could cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects.

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
30334X564 (Cash)
30334X572 (Reinvest)
30334X580 (Cash-Fee)
30334X598 (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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