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: Primary
Initial Offer Date: 04/11/2024
Portfolio Ending Date: 07/16/2025
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.8713
POP(*): $10.0065
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 06/14/2024 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 6/14/2024) Per Unit (as of 6/10/2024)
3.88% $0.38840
^ 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 2.47%
 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 2.45%
 iShares MBS ETF MBB 2.44%
 SPDR Portfolio Long Term Corporate Bond ETF SPLB 2.44%
 Vanguard Mortgage-Backed Securities ETF VMBS 2.44%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 2.44%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 2.43%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 2.43%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 2.43%
 Schwab 5-10 Year Corporate Bond ETF SCHI 2.43%
 SPDR Portfolio Corporate Bond ETF SPBO 2.42%
 Invesco Emerging Markets Sovereign Debt ETF PCY 2.41%
 iShares Broad USD High Yield Corporate Bond ETF USHY 2.41%
 SPDR Portfolio High Yield Bond ETF SPHY 2.41%
 PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund HYS 2.40%
 First Trust Tactical High Yield ETF HYLS 2.40%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 2.40%
 SPDR Portfolio Short Term Corporate Bond ETF SPSB 2.39%
 Invesco Senior Loan ETF BKLN 2.39%
 SPDR Bloomberg Short Term High Yield Bond ETF SJNK 2.39%
 Vanguard Total International Bond ETF BNDX 2.39%
 Invesco Preferred ETF PGX 2.38%
 First Trust Senior Loan Fund FTSL 2.38%
 SPDR Blackstone Senior Loan ETF SRLN 2.38%
 VanEck IG Floating Rate ETF FLTR 2.38%
 Howmet Aerospace Inc. HWM 0.42%
 Vertex Pharmaceuticals Incorporated VRTX 0.41%
 Costco Wholesale Corporation COST 0.39%
 Applied Materials, Inc. AMAT 0.38%
 Arista Networks, Inc. ANET 0.38%
 Walmart Inc. WMT 0.37%
 ResMed Inc. RMD 0.37%
 Tractor Supply Company TSCO 0.37%
 Wabtec Corporation WAB 0.37%
 Keurig Dr Pepper Inc. KDP 0.37%
 Alphabet Inc. (Class A) GOOGL 0.37%
 Motorola Solutions, Inc. MSI 0.36%
 Altria Group, Inc. MO 0.36%
 Regeneron Pharmaceuticals, Inc. REGN 0.36%
 Quanta Services, Inc. PWR 0.36%
 General Motors Company GM 0.36%
 Dell Technologies Inc. (Class C) DELL 0.36%
 Microsoft Corporation MSFT 0.35%
 Aflac Incorporated AFL 0.35%
 Ross Stores, Inc. ROST 0.35%
 Xcel Energy Inc. XEL 0.34%
 Consolidated Edison, Inc. ED 0.34%
 General Electric Company GE 0.33%
 The Hartford Financial Services Group, Inc. HIG 0.33%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.33%
 The Progressive Corporation PGR 0.33%
 Amazon.com, Inc. AMZN 0.33%
 Lennar Corporation LEN 0.33%
 Republic Services, Inc. RSG 0.33%
 Cheniere Energy, Inc. LNG 0.33%
 Archer-Daniels-Midland Company ADM 0.32%
 General Mills, Inc. GIS 0.32%
 PepsiCo, Inc. PEP 0.32%
 The Hershey Company HSY 0.32%
 D.R. Horton, Inc. DHI 0.32%
 AMETEK, Inc. AME 0.32%
 Cencora Inc. COR 0.32%
 Daiichi Sankyo Company, Limited (ADR) DSNKY 0.32%
 FedEx Corporation FDX 0.31%
 Deere & Company DE 0.31%
 Cisco Systems, Inc. CSCO 0.31%
 Cardinal Health, Inc. CAH 0.31%
 Hitachi, Ltd. (ADR) HTHIY 0.31%
 Chevron Corporation CVX 0.31%
 Diamondback Energy, Inc. FANG 0.31%
 Prosus N.V. (ADR) PROSY 0.31%
 Exxon Mobil Corporation XOM 0.30%
 PACCAR Inc PCAR 0.30%
 International Business Machines Corporation IBM 0.30%
 Novo Nordisk A/S (ADR) NVO 0.30%
 The Travelers Companies, Inc. TRV 0.30%
 Cognizant Technology Solutions Corporation CTSH 0.30%
 Agilent Technologies, Inc. A 0.30%
 CME Group Inc. CME 0.30%
 Tokio Marine Holdings, Inc. (ADR) TKOMY 0.30%
 Corteva Inc. CTVA 0.30%
 Caterpillar Inc. CAT 0.29%
 EOG Resources, Inc. EOG 0.29%
 DBS Group Holdings Ltd. (ADR) DBSDY 0.29%
 Iberdrola S.A. (ADR) IBDRY 0.29%
 L'Oreal S.A. (ADR) LRLCY 0.29%
 Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY 0.29%
 The Kraft Heinz Company KHC 0.29%
 Target Corporation TGT 0.28%
 Fastenal Company FAST 0.28%
 ConocoPhillips COP 0.28%
 Chubb Limited CB 0.28%
 Valero Energy Corporation VLO 0.28%
 Nintendo Co., Ltd. (ADR) NTDOY 0.28%
 Itochu Corp. (ADR) ITOCY 0.28%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.28%
 DoorDash, Inc. (Class A) DASH 0.28%
 HSBC Holdings Plc (ADR) HSBC 0.27%
 Rio Tinto Plc (ADR) RIO 0.27%
 Nucor Corporation NUE 0.26%
 Equinor ASA EQNR 0.26%
 Mitsui & Co., Ltd. (ADR) MITSY 0.26%
 KDDI Corporation (ADR) KDDIY 0.26%
 Shell Plc (ADR) SHEL 0.26%
 Air Liquide S.A. (ADR) AIQUY 0.25%
 Chugai Pharmaceutical Co., Ltd. (ADR) CHGCY 0.25%
 Linde Plc LIN 0.25%
 TotalEnergies SE (ADR) TTE 0.24%
 BP Plc (ADR) BP 0.24%
 Toyota Motor Corporation TM 0.22%
 Abercrombie & Fitch Co. (Class A) ANF 0.22%
 Canadian Natural Resources Limited CNQ 0.22%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.22%
 Mercedes-Benz Group AG (ADR) MBGYY 0.22%
 Stellantis N.V. STLA 0.21%
 Volkswagen AG (ADR) VWAGY 0.21%
 Chewy, Inc. (Class A) CHWY 0.18%
 Coca-Cola Consolidated Inc. COKE 0.17%
 Deckers Outdoor Corporation DECK 0.17%
 Casey's General Stores, Inc. CASY 0.16%
 United Therapeutics Corporation UTHR 0.16%
 Sprouts Farmers Market, Inc. SFM 0.16%
 Hewlett Packard Enterprise Company HPE 0.16%
 Vistra Corp. VST 0.16%
 Mueller Industries, Inc. MLI 0.15%
 The New York Times Company (Class A) NYT 0.15%
 EMCOR Group, Inc. EME 0.15%
 Texas Roadhouse, Inc. TXRH 0.15%
 Lamb Weston Holdings, Inc. LW 0.15%
 BJ's Wholesale Club Holdings, Inc. BJ 0.15%
 Arrow Electronics, Inc. ARW 0.14%
 MGIC Investment Corporation MTG 0.14%
 Toll Brothers, Inc. TOL 0.14%
 KB Home KBH 0.14%
 PulteGroup, Inc. PHM 0.14%
 Cabot Corporation CBT 0.14%
 EQT Corporation EQT 0.14%
 Meritage Homes Corporation MTH 0.14%
 Comfort Systems USA, Inc. FIX 0.14%
 Liberty Broadband Corporation (Class C) LBRDK 0.14%
 Gentex Corporation GNTX 0.13%
 Unum Group UNM 0.13%
 Ingredion Incorporated INGR 0.13%
 Coterra Energy Inc. CTRA 0.13%
 FTI Consulting, Inc. FCN 0.13%
 Acuity Brands, Inc. AYI 0.13%
 Taylor Morrison Home Corporation TMHC 0.13%
 Medpace Holdings, Inc. MEDP 0.13%
 Tradeweb Markets Inc. (Class A) TW 0.13%
 Chesapeake Energy Corporation CHK 0.13%
 Cincinnati Financial Corporation CINF 0.12%
 Snap-on Incorporated SNA 0.12%
 Eagle Materials Inc. EXP 0.12%
 Affiliated Managers Group, Inc. AMG 0.12%
 Jabil Inc. JBL 0.12%
 Commercial Metals Company CMC 0.12%
 FMC Corporation FMC 0.12%
 NewMarket Corporation NEU 0.12%
 Science Applications International Corporation SAIC 0.12%
 Ulta Beauty, Inc. ULTA 0.12%
 Chord Energy Corporation CHRD 0.12%
 AGCO Corporation AGCO 0.11%
 Steel Dynamics, Inc. STLD 0.11%
 Reliance Inc. RS 0.11%
 Molina Healthcare, Inc. MOH 0.11%
 Erie Indemnity Company ERIE 0.11%
 AAON, Inc. AAON 0.11%
 The Mosaic Company MOS 0.11%
 Qualys, Inc. QLYS 0.11%
 DocuSign, Inc. DOCU 0.11%
 Hims & Hers Health, Inc. HIMS 0.11%
 HF Sinclair Corp. DINO 0.11%
 Harley-Davidson, Inc. HOG 0.10%
 Molson Coors Beverage Company TAP 0.10%
 Bruker Corporation BRKR 0.10%
 PBF Energy Inc. PBF 0.10%
 Dycom Industries, Inc. DY 0.09%
 Oscar Health, Inc. (Class A) OSCR 0.09%
 Sanmina Corporation SANM 0.08%
 Badger Meter, Inc. BMI 0.08%
 Matson, Inc. MATX 0.08%
 Stride Inc. LRN 0.08%
 Black Hills Corporation BKH 0.07%
 Otter Tail Corporation OTTR 0.07%
 Vishay Intertechnology, Inc. VSH 0.07%
 Radian Group Inc. RDN 0.07%
 ACI Worldwide, Inc. ACIW 0.07%
 Independent Bank Corp. INDB 0.07%
 Plexus Corp. PLXS 0.07%
 Avnet, Inc. AVT 0.07%
 Columbia Sportswear Company COLM 0.07%
 PriceSmart, Inc. PSMT 0.07%
 CNX Resources Corporation CNX 0.07%
 National Fuel Gas Company NFG 0.07%
 First Financial Bancorp. FFBC 0.07%
 Hub Group, Inc. HUBG 0.07%
 Encore Wire Corporation WIRE 0.07%
 International Bancshares Corporation IBOC 0.07%
 CVB Financial Corp. CVBF 0.07%
 Innospec Inc. IOSP 0.07%
 IES Holdings, Inc. IESC 0.07%
 CorVel Corporation CRVL 0.07%
 Grand Canyon Education, Inc. LOPE 0.07%
 MGE Energy, Inc. MGEE 0.07%
 Green Brick Partners, Inc. GRBK 0.07%
 Tri Pointe Homes, Inc. TPH 0.07%
 NMI Holdings, Inc. (Class A) NMIH 0.07%
 National Storage Affiliates Trust NSA 0.07%
 Arch Resources Inc. ARCH 0.07%
 Schneider National, Inc. (Class B) SNDR 0.07%
 Warrior Met Coal, Inc. HCC 0.07%
 Alpha Metallurgical Resources, Inc. AMR 0.07%
 TEGNA Inc. TGNA 0.06%
 Graham Holdings Company GHC 0.06%
 Patterson-UTI Energy, Inc. PTEN 0.06%
 Photronics, Inc. PLAB 0.06%
 American Eagle Outfitters, Inc. AEO 0.06%
 Cal-Maine Foods, Inc. CALM 0.06%
 The Andersons, Inc. ANDE 0.06%
 ACADIA Pharmaceuticals Inc. ACAD 0.06%
 Premier, Inc. (Class A) PINC 0.06%
 ONE Gas, Inc. OGS 0.06%
 Peabody Energy Corporation BTU 0.06%
 Liberty Energy Inc. (Class A) LBRT 0.06%
 AssetMark Financial Holdings, Inc. AMK 0.06%
 Academy Sports and Outdoors, Inc. ASO 0.06%
 Helmerich & Payne, Inc. HP 0.05%
 RPC, Inc. RES 0.05%
 Rush Enterprises, Inc. (Class A) RUSHA 0.05%
 CVR Energy, Inc. CVI 0.05%
 MYR Group Inc. MYRG 0.05%
 Alamo Group Inc. ALG 0.05%
 Cogent Communications Holdings, Inc. CCOI 0.05%
 Vital Energy Inc. VTLE 0.05%
 Grocery Outlet Holding Corp. GO 0.05%
 
Total Number of Holdings:    235
Underlying Securities information represented above is as of 06/13/2024 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.00%
  Deferred:  1.35%
C&D Fee:    0.50%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30335F364 Cash Monthly
30335F372 Reinvest Monthly
* Based on the offer price as of 06/14/2024 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.51%
Maximum Sales Charge:   0.51%
CUSIP Type Distribution
30335F380 Cash-Fee Monthly
30335F398 Reinvest-Fee Monthly
* Based on the NAV price as of 06/14/2024 4:00pm ET
In addition to the sales charges listed, UITs for both brokerage and advisory accounts are subject to annual operating expenses and organization costs. See the prospectus for additional information.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 July 19, 2024
$0.04500 August 20, 2024
$0.04500 September 20, 2024

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