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Corporate Investment Grade Laddered, 26  Ticker: FYTLPX
 
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: CLAD26
Portfolio Status: Secondary
Initial Offer Date: 03/06/2024
Secondary Date: 04/24/2024
Wtd Avg Maturity: 6.1
ELTR Life: 6.1
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,042.3900
NAV(*): $999.2500
POP(*): $1,023.8200
PAR(*): $1,000.4000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 05/17/2024 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
30335B587 Monthly $1.5300 $49.4500 4.830% 4.700%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
02665WEY3 250,000 AMERICAN HONDA FINANCE 4.95%, due 01/09/2026  A-   4.95000 01/09/2026M    
03938LBF0 250,000 ARCELORMITTAL SA 6.80%, due 11/29/2032  BBB-   6.80000 11/29/2032M 08/29/2032 100.0000
04686JAG6 250,000 ATHENE HOLDING LTD 5.875%, due 01/15/2034  A-   5.87500 01/15/2034M 10/15/2033 100.0000
053807AV5 250,000 AVNET INC 5.50%, due 06/01/2032  BBB-   5.50000 06/01/2032M 03/01/2032 100.0000
06368LGV2 250,000 BANK OF MONTREAL 5.203%, due 02/01/2028  A-   5.20300 02/01/2028M 01/01/2028 100.0000
06417XAN1 250,000 BANK OF NOVA SCOTIA 4.75%, due 02/02/2026  A-   4.75000 02/02/2026M    
055451BD9 250,000 BHP BILLITON FIN USA LTD 5.25%, due 09/08/2030  A-   5.25000 09/08/2030M 07/08/2030 100.0000
20030NEB3 250,000 COMCAST CORP 5.50%, due 11/15/2032  A-   5.50000 11/15/2032M 08/15/2032 100.0000
29250NBW4 250,000 ENBRIDGE INC 5.90%, due 11/15/2026  BBB+   5.90000 11/15/2026M 10/15/2026 100.0000
37045XEP7 250,000 GENERAL MOTORS FINL CO 6.10%, due 01/07/2034  BBB   6.10000 01/07/2034M 10/07/2033 100.0000
458140AN0 250,000 INTEL CORP 4%, due 12/15/2032  A-   4.00000 12/15/2032M    
24422EWR6 250,000 JOHN DEERE CAPITAL CORP N/C, 4.75%, due 01/20/2028  A   4.75000 01/20/2028M    
539830CD9 250,000 LOCKHEED MARTIN CORP 4.80%, due 08/15/2034  A-   4.80000 08/15/2034M 05/15/2034 100.0000
50212YAH7 250,000 LPL HOLDINGS INC 6.75%, due 11/17/2028  BBB-   6.75000 11/17/2028M 10/17/2028 100.0000
59156RAE8 220,000 METLIFE INC 6.50%, due 12/15/2032  A-   6.50000 12/15/2032M    
49337WAC4 250,000 NATIONAL GRID USA 8%, due 11/15/2030  BBB   8.00000 11/15/2030M    
716973AD4 250,000 PFIZER INVESTMENT ENTER 4.65%, due 05/19/2030  A   4.65000 05/19/2030M 03/19/2030 100.0000
718172CZ0 250,000 PHILIP MORRIS INTL INC 4.875%, due 02/15/2028  A-   4.87500 02/15/2028M 01/15/2028 100.0000
744330AA9 250,000 PRUDENTIAL PLC N/C, 3.125%, due 04/14/2030  A   3.12500 04/14/2030M    
756109BS2 250,000 REALTY INCOME CORP 4.70%, due 12/15/2028  A-   4.70000 12/15/2028M 11/15/2028 100.0000
78016HZW3 250,000 ROYAL BANK OF CANADA 5.15%, due 02/01/2034  A   5.15000 02/01/2034M    
80282KAZ9 250,000 SANTANDER HOLDINGS USA 3.244%, due 10/05/2026  BBB+   3.24400 10/05/2026M 08/05/2026 100.0000
882508CH5 250,000 TEXAS INSTRUMENTS INC 4.85%, due 02/08/2034  A+   4.85000 02/08/2034M 11/08/2033 100.0000
89236TLE3 250,000 TOYOTA MOTOR CREDIT CORP 5.55%, due 11/20/2030  A+   5.55000 11/20/2030M    
902133AZ0 250,000 TYCO ELECTRONICS GROUP S 4.50%, due 02/13/2026  A-   4.50000 02/13/2026M    
 
Total Number of Holdings:    25


Risk Considerations

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

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.

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

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
30335B587 (Cash)
30335B595 (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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