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40/60 Strategic Allocation, 2nd Qtr 2024  Ticker: FXQQKX
 
Description
A unit investment trust which seeks the potential for above-average total return by investing approximately 40% of its assets in common stocks which are selected by applying a disciplined investment strategy and 60% 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.
 
Summary
Product Code: 4S2Q24
Portfolio Status: Secondary
Initial Offer Date: 04/11/2024
Secondary Date: 07/11/2024
Portfolio Ending Date: 07/16/2025
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.2629
POP(*): $10.4034
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 10/07/2024 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 10/7/2024) Per Unit (as of 10/7/2024)
3.71% $0.38600
^ 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.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 iShares 10-20 Year Treasury Bond ETF TLH 2.41%
 Invesco Preferred ETF PGX 2.41%
 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 2.41%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 2.40%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 2.39%
 iShares MBS ETF MBB 2.39%
 Invesco Emerging Markets Sovereign Debt ETF PCY 2.39%
 Vanguard Mortgage-Backed Securities ETF VMBS 2.39%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 2.39%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 2.39%
 Schwab 5-10 Year Corporate Bond ETF SCHI 2.39%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 2.38%
 SPDR Portfolio Corporate Bond ETF SPBO 2.37%
 iShares Broad USD High Yield Corporate Bond ETF USHY 2.36%
 Vanguard Total International Bond ETF BNDX 2.35%
 SPDR Portfolio High Yield Bond ETF SPHY 2.35%
 PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund HYS 2.34%
 First Trust Tactical High Yield ETF HYLS 2.34%
 SPDR Bloomberg Short Term High Yield Bond ETF SJNK 2.34%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 2.34%
 SPDR Portfolio Short Term Corporate Bond ETF SPSB 2.32%
 VanEck IG Floating Rate ETF FLTR 2.29%
 Invesco Senior Loan ETF BKLN 2.28%
 First Trust Senior Loan Fund FTSL 2.28%
 SPDR Blackstone Senior Loan ETF SRLN 2.28%
 Howmet Aerospace Inc. HWM 0.50%
 Aflac Incorporated AFL 0.43%
 Arista Networks, Inc. ANET 0.43%
 Walmart Inc. WMT 0.42%
 Motorola Solutions, Inc. MSI 0.41%
 Costco Wholesale Corporation COST 0.39%
 International Business Machines Corporation IBM 0.39%
 D.R. Horton, Inc. DHI 0.39%
 Wabtec Corporation WAB 0.39%
 Quanta Services, Inc. PWR 0.39%
 Altria Group, Inc. MO 0.38%
 The Progressive Corporation PGR 0.38%
 ResMed Inc. RMD 0.38%
 Keurig Dr Pepper Inc. KDP 0.38%
 Cheniere Energy, Inc. LNG 0.38%
 General Electric Company GE 0.37%
 Xcel Energy Inc. XEL 0.37%
 The Hartford Financial Services Group, Inc. HIG 0.37%
 Tractor Supply Company TSCO 0.37%
 Lennar Corporation LEN 0.37%
 Consolidated Edison, Inc. ED 0.36%
 Vertex Pharmaceuticals Incorporated VRTX 0.36%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.36%
 Hitachi, Ltd. (ADR) HTHIY 0.36%
 Prosus N.V. (ADR) PROSY 0.36%
 Caterpillar Inc. CAT 0.34%
 General Mills, Inc. GIS 0.34%
 Cisco Systems, Inc. CSCO 0.34%
 Regeneron Pharmaceuticals, Inc. REGN 0.34%
 Cognizant Technology Solutions Corporation CTSH 0.34%
 Chugai Pharmaceutical Co., Ltd. (ADR) CHGCY 0.34%
 Cardinal Health, Inc. CAH 0.33%
 Republic Services, Inc. RSG 0.33%
 CME Group Inc. CME 0.33%
 General Motors Company GM 0.33%
 Alphabet Inc. (Class A) GOOGL 0.33%
 DoorDash, Inc. (Class A) DASH 0.33%
 Exxon Mobil Corporation XOM 0.32%
 PepsiCo, Inc. PEP 0.32%
 Deere & Company DE 0.32%
 The Travelers Companies, Inc. TRV 0.32%
 Ross Stores, Inc. ROST 0.32%
 Agilent Technologies, Inc. A 0.32%
 Iberdrola S.A. (ADR) IBDRY 0.32%
 Tokio Marine Holdings, Inc. (ADR) TKOMY 0.32%
 Corteva Inc. CTVA 0.32%
 FedEx Corporation FDX 0.31%
 Microsoft Corporation MSFT 0.31%
 The Hershey Company HSY 0.31%
 EOG Resources, Inc. EOG 0.31%
 Amazon.com, Inc. AMZN 0.31%
 DBS Group Holdings Ltd. (ADR) DBSDY 0.31%
 Itochu Corp. (ADR) ITOCY 0.31%
 Diamondback Energy, Inc. FANG 0.31%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.31%
 Applied Materials, Inc. AMAT 0.30%
 Chevron Corporation CVX 0.30%
 The Kraft Heinz Company KHC 0.30%
 Dell Technologies Inc. (Class C) DELL 0.30%
 Archer-Daniels-Midland Company ADM 0.29%
 Fastenal Company FAST 0.29%
 AMETEK, Inc. AME 0.29%
 Cencora Inc. COR 0.29%
 KDDI Corporation (ADR) KDDIY 0.29%
 Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY 0.29%
 Target Corporation TGT 0.28%
 Chubb Limited CB 0.28%
 HSBC Holdings Plc (ADR) HSBC 0.28%
 Daiichi Sankyo Company, Limited (ADR) DSNKY 0.28%
 PACCAR Inc PCAR 0.27%
 ConocoPhillips COP 0.27%
 Rio Tinto Plc (ADR) RIO 0.27%
 Nintendo Co., Ltd. (ADR) NTDOY 0.27%
 Valero Energy Corporation VLO 0.26%
 Nucor Corporation NUE 0.25%
 Air Liquide S.A. (ADR) AIQUY 0.25%
 L'Oreal S.A. (ADR) LRLCY 0.25%
 Shell Plc (ADR) SHEL 0.25%
 Linde Plc LIN 0.25%
 TotalEnergies SE (ADR) TTE 0.24%
 Novo Nordisk A/S (ADR) NVO 0.24%
 Equinor ASA EQNR 0.24%
 Mitsui & Co., Ltd. (ADR) MITSY 0.24%
 Canadian Natural Resources Limited CNQ 0.23%
 Vistra Corp. VST 0.23%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.22%
 Sprouts Farmers Market, Inc. SFM 0.22%
 BP Plc (ADR) BP 0.21%
 Chewy, Inc. (Class A) CHWY 0.21%
 Coca-Cola Consolidated, Inc. COKE 0.20%
 Liberty Broadband Corporation (Class C) LBRDK 0.20%
 Mercedes-Benz Group AG (ADR) MBGYY 0.20%
 Toyota Motor Corporation TM 0.19%
 Mueller Industries, Inc. MLI 0.18%
 United Therapeutics Corporation UTHR 0.18%
 Comfort Systems USA, Inc. FIX 0.17%
 Volkswagen AG (ADR) VWAGY 0.17%
 Casey's General Stores, Inc. CASY 0.16%
 MGIC Investment Corporation MTG 0.16%
 The New York Times Company (Class A) NYT 0.16%
 Toll Brothers, Inc. TOL 0.16%
 KB Home KBH 0.16%
 PulteGroup, Inc. PHM 0.16%
 EMCOR Group, Inc. EME 0.16%
 Meritage Homes Corporation MTH 0.16%
 Erie Indemnity Company ERIE 0.16%
 AAON, Inc. AAON 0.16%
 Tradeweb Markets Inc. (Class A) TW 0.16%
 Abercrombie & Fitch Co. (Class A) ANF 0.15%
 Unum Group UNM 0.15%
 Ingredion Incorporated INGR 0.15%
 Acuity Brands, Inc. AYI 0.15%
 Texas Roadhouse, Inc. TXRH 0.15%
 Deckers Outdoor Corporation DECK 0.15%
 Taylor Morrison Home Corporation TMHC 0.15%
 Hewlett Packard Enterprise Company HPE 0.15%
 Cincinnati Financial Corporation CINF 0.14%
 Eagle Materials Inc. EXP 0.14%
 Affiliated Managers Group, Inc. AMG 0.14%
 Cabot Corporation CBT 0.14%
 Science Applications International Corporation SAIC 0.14%
 BJ's Wholesale Club Holdings, Inc. BJ 0.14%
 Snap-on Incorporated SNA 0.13%
 Arrow Electronics, Inc. ARW 0.13%
 FTI Consulting, Inc. FCN 0.13%
 FMC Corporation FMC 0.13%
 Stellantis N.V. STLA 0.13%
 DocuSign, Inc. DOCU 0.13%
 Steel Dynamics, Inc. STLD 0.12%
 Commercial Metals Company CMC 0.12%
 EQT Corporation EQT 0.12%
 Expand Energy Corp. EXE 0.12%
 Coterra Energy Inc. CTRA 0.11%
 Jabil Inc. JBL 0.11%
 Reliance Inc. RS 0.11%
 Molina Healthcare, Inc. MOH 0.11%
 NewMarket Corporation NEU 0.11%
 IES Holdings, Inc. IESC 0.11%
 Lamb Weston Holdings, Inc. LW 0.11%
 Ulta Beauty, Inc. ULTA 0.11%
 Harley-Davidson, Inc. HOG 0.10%
 AGCO Corporation AGCO 0.10%
 Gentex Corporation GNTX 0.10%
 ACI Worldwide, Inc. ACIW 0.10%
 Molson Coors Beverage Company TAP 0.10%
 The Mosaic Company MOS 0.10%
 Qualys, Inc. QLYS 0.10%
 Medpace Holdings, Inc. MEDP 0.10%
 HF Sinclair Corp. DINO 0.10%
 Dycom Industries, Inc. DY 0.09%
 Plexus Corp. PLXS 0.09%
 CNX Resources Corporation CNX 0.09%
 Cal-Maine Foods, Inc. CALM 0.09%
 Badger Meter, Inc. BMI 0.09%
 Bruker Corporation BRKR 0.09%
 Green Brick Partners, Inc. GRBK 0.09%
 NMI Holdings, Inc. (Class A) NMIH 0.09%
 Chord Energy Corporation CHRD 0.09%
 Independent Bank Corp. INDB 0.08%
 Matson, Inc. MATX 0.08%
 CorVel Corporation CRVL 0.08%
 Cogent Communications Holdings, Inc. CCOI 0.08%
 Stride, Inc. LRN 0.08%
 Tri Pointe Homes, Inc. TPH 0.08%
 National Storage Affiliates Trust NSA 0.08%
 Schneider National, Inc. (Class B) SNDR 0.08%
 Oscar Health, Inc. (Class A) OSCR 0.08%
 Hims & Hers Health, Inc. HIMS 0.08%
 Black Hills Corporation BKH 0.07%
 TEGNA Inc. TGNA 0.07%
 Sanmina Corporation SANM 0.07%
 Radian Group Inc. RDN 0.07%
 Avnet, Inc. AVT 0.07%
 Columbia Sportswear Company COLM 0.07%
 PriceSmart, Inc. PSMT 0.07%
 National Fuel Gas Company NFG 0.07%
 First Financial Bancorp. FFBC 0.07%
 Hub Group, Inc. HUBG 0.07%
 International Bancshares Corporation IBOC 0.07%
 CVB Financial Corp. CVBF 0.07%
 MGE Energy, Inc. MGEE 0.07%
 PBF Energy Inc. PBF 0.07%
 ONE Gas, Inc. OGS 0.07%
 Peabody Energy Corporation BTU 0.07%
 Warrior Met Coal, Inc. HCC 0.07%
 Otter Tail Corporation OTTR 0.06%
 Graham Holdings Company GHC 0.06%
 Photronics, Inc. PLAB 0.06%
 American Eagle Outfitters, Inc. AEO 0.06%
 The Andersons, Inc. ANDE 0.06%
 RPC, Inc. RES 0.06%
 Rush Enterprises, Inc. (Class A) RUSHA 0.06%
 Innospec Inc. IOSP 0.06%
 Grand Canyon Education, Inc. LOPE 0.06%
 Premier, Inc. (Class A) PINC 0.06%
 Arch Resources Inc. ARCH 0.06%
 Liberty Energy Inc. (Class A) LBRT 0.06%
 Academy Sports and Outdoors, Inc. ASO 0.06%
 Vishay Intertechnology, Inc. VSH 0.05%
 Helmerich & Payne, Inc. HP 0.05%
 CVR Energy, Inc. CVI 0.05%
 Alamo Group Inc. ALG 0.05%
 ACADIA Pharmaceuticals Inc. ACAD 0.05%
 Alpha Metallurgical Resources, Inc. AMR 0.05%
 Patterson-UTI Energy, Inc. PTEN 0.04%
 MYR Group Inc. MYRG 0.04%
 Vital Energy Inc. VTLE 0.04%
 Grocery Outlet Holding Corp. GO 0.04%
 
Total Number of Holdings:    233
Underlying Securities information represented above is as of 10/07/2024 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.

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.

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-yieldsecurities should be viewed as speculative and you should review your abilityto assume the risks associated with investments that utilize such bonds.High-yield securities are subject to numerous risks including higher interest rates,economic recession, deterioration of the junk bond market, possible downgradesand defaults of interest and/or principal. High-yield security prices tend tofluctuate more than higher rated bonds and are affected by short-term creditdevelopments 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.

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.

Mortgage-Backed Securities Risk. Rising interest rates tend to extend the duration of mortgage-backed securities, making them more sensitive to changes in interest rates, and may reduce the market value of the securities. In addition, mortgage-backed securities are subject to prepayment risk, the risk that borrowers may pay off their mortgages sooner than expected, particularly when interest rates decline.

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.

US Treasury Debt Instruments Risk. Debt instruments, such as U.S. Treasury obligations, are subject to numerous risks including higher interest rates, economic recession and deterioration of the bond market or investors' perceptions thereof.

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
30335F364 (Cash)
30335F372 (Reinvest)
30335F380 (Cash-Fee)
30335F398 (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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