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75/25 Strategic Allocation, 3rd Qtr 2025  Ticker: FNRYHX
 
Description
A unit investment trust which seeks the potential for above-average total return by investing approximately 75% of its assets in common stocks which are selected by applying a disciplined investment strategy and 25% 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: 7S3Q25
Portfolio Status: Secondary
Initial Offer Date: 07/11/2025
Secondary Date: 09/25/2025
Portfolio Ending Date: 10/16/2026
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $11.1535
POP(*): $11.3061
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 05/01/2026 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any 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 5/1/2026) Per Unit (as of 5/1/2026)
2.16% $0.24380
^ 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
 Micron Technology, Inc. MU 2.42%
 Alphabet Inc. (Class A) GOOGL 1.21%
 Monolithic Power Systems, Inc. MPWR 1.19%
 Cummins Inc. CMI 1.07%
 Newmont Corporation NEM 1.00%
 Ross Stores, Inc. ROST 0.97%
 Baker Hughes Company (Class A) BKR 0.96%
 Southern Copper Corporation SCCO 0.95%
 Vanguard Mortgage-Backed Securities ETF VMBS 0.90%
 VanEck J.P. Morgan EM Local Currency Bond ETF EMLC 0.89%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 0.89%
 iShares 0-1 Year Treasury Bond ETF SHV 0.88%
 State Street SPDR Bloomberg High Yield Bond ETF JNK 0.88%
 iShares Preferred & Income Securities ETF PFF 0.88%
 State Street SPDR Portfolio Short Term Corporate Bond ETF SPSB 0.88%
 Vanguard Long-Term Corporate Bond ETF VCLT 0.88%
 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 0.88%
 VanEck IG Floating Rate ETF FLTR 0.88%
 iShares Broad USD High Yield Corporate Bond ETF USHY 0.88%
 State Street SPDR Portfolio High Yield Bond ETF SPHY 0.88%
 WisdomTree Floating Rate Treasury Fund USFR 0.88%
 First Trust Limited Duration Investment Grade Corporate ETF FSIG 0.88%
 Schwab 5-10 Year Corporate Bond ETF SCHI 0.88%
 iShares High Yield Systematic Bond ETF HYDB 0.88%
 State Street SPDR Bloomberg Investment Grade Floating Rate ETF FLRN 0.88%
 PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund HYS 0.87%
 State Street SPDR Portfolio Long Term Corporate Bond ETF SPLB 0.87%
 First Trust Tactical High Yield ETF HYLS 0.87%
 State Street SPDR Bloomberg Short Term High Yield Bond ETF SJNK 0.87%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 0.87%
 Invesco Variable Rate Preferred ETF VRP 0.87%
 Invesco Senior Loan ETF BKLN 0.86%
 State Street SPDR Blackstone Senior Loan ETF SRLN 0.86%
 Amphenol Corporation APH 0.80%
 General Motors Company GM 0.79%
 Diamondback Energy, Inc. FANG 0.79%
 Walmart Inc. WMT 0.76%
 Rio Tinto plc (ADR) RIO 0.74%
 Howmet Aerospace Inc. HWM 0.74%
 Tokyo Electron Limited (ADR) TOELY 0.74%
 Exxon Mobil Corporation XOM 0.73%
 Monster Beverage Corporation MNST 0.72%
 ConocoPhillips COP 0.71%
 Altria Group, Inc. MO 0.70%
 The TJX Companies, Inc. TJX 0.70%
 Regeneron Pharmaceuticals, Inc. REGN 0.69%
 AMETEK, Inc. AME 0.69%
 BHP Group Limited (ADR) BHP 0.68%
 Wabtec Corporation WAB 0.68%
 Chevron Corporation CVX 0.68%
 Mizuho Financial Group, Inc. (ADR) MFG 0.68%
 Cardinal Health, Inc. CAH 0.67%
 PACCAR Inc PCAR 0.65%
 The Travelers Companies, Inc. TRV 0.65%
 Canadian Natural Resources Limited CNQ 0.65%
 TotalEnergies SE TTE 0.65%
 Fast Retailing Co., Ltd. (ADR) FRCOY 0.64%
 EOG Resources, Inc. EOG 0.63%
 Gilead Sciences, Inc. GILD 0.63%
 General Dynamics Corporation GD 0.62%
 Banco Bilbao Vizcaya Argentaria, S.A. (ADR) BBVA 0.62%
 McKesson Corporation MCK 0.61%
 The Hartford Insurance Group, Inc. HIG 0.61%
 Elevance Health Inc. ELV 0.60%
 Costco Wholesale Corporation COST 0.59%
 M&T Bank Corporation MTB 0.59%
 D.R. Horton, Inc. DHI 0.59%
 Edwards Lifesciences Corporation EW 0.59%
 CME Group Inc. CME 0.59%
 DBS Group Holdings Ltd. (ADR) DBSDY 0.57%
 Waste Management, Inc. WM 0.56%
 Cencora, Inc. COR 0.56%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.55%
 Ecolab Inc. ECL 0.54%
 Enel SpA (ADR) ENLAY 0.54%
 Shell Plc (ADR) SHEL 0.54%
 Sysco Corporation SYY 0.53%
 Itochu Corp. (ADR) ITOCY 0.53%
 Eaton Corporation Plc ETN 0.52%
 The Procter & Gamble Company PG 0.51%
 Chubb Limited CB 0.51%
 Visa Inc. (Class A) V 0.51%
 Tokio Marine Holdings, Inc. (ADR) TKOMY 0.51%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.51%
 Chugai Pharmaceutical Co., Ltd. (ADR) CHGCY 0.50%
 Toyota Motor Corporation TM 0.49%
 UniCredit SpA (ADR) UNCRY 0.49%
 Hitachi, Ltd. (ADR) HTHIY 0.48%
 BAE Systems Plc (ADR) BAESY 0.48%
 Xylem Inc. XYL 0.48%
 The Walt Disney Company DIS 0.47%
 Fortinet, Inc. FTNT 0.47%
 The Kraft Heinz Company KHC 0.47%
 VICI Properties Inc. VICI 0.47%
 IES Holdings, Inc. IESC 0.46%
 Air Liquide S.A. (ADR) AIQUY 0.46%
 Vinci S.A. (ADR) VCISY 0.45%
 ResMed Inc. RMD 0.44%
 L'Oreal S.A. (ADR) LRLCY 0.44%
 Cintas Corporation CTAS 0.43%
 United Therapeutics Corporation UTHR 0.43%
 Powell Industries, Inc. POWL 0.43%
 KDDI Corporation (ADR) KDDIY 0.43%
 Uber Technologies, Inc. UBER 0.43%
 Marsh & McLennan Companies, Inc. MRSH 0.42%
 PDD Holdings Inc. (ADR) PDD 0.42%
 Sanofi (ADR) SNY 0.41%
 NTT, Inc. (ADR) NTTYY 0.41%
 Robinhood Markets, Inc. (Class A) HOOD 0.41%
 Coca-Cola Consolidated, Inc. COKE 0.39%
 Automatic Data Processing, Inc. ADP 0.38%
 Cognizant Technology Solutions Corporation CTSH 0.38%
 Prosus N.V. (ADR) PROSY 0.38%
 Abbott Laboratories ABT 0.37%
 EMCOR Group, Inc. EME 0.37%
 Argan, Inc. AGX 0.37%
 Centene Corporation CNC 0.36%
 Paychex, Inc. PAYX 0.35%
 Carpenter Technology Corporation CRS 0.35%
 Casey's General Stores, Inc. CASY 0.34%
 Permian Resources Corp. PR 0.34%
 Valmont Industries, Inc. VMI 0.33%
 Devon Energy Corporation DVN 0.33%
 Tractor Supply Company TSCO 0.33%
 Ovintiv Inc. OVV 0.33%
 Rheinmetall AG (ADR) RNMBY 0.33%
 Chipotle Mexican Grill, Inc. CMG 0.32%
 The New York Times Company (Class A) NYT 0.31%
 Coterra Energy Inc. CTRA 0.31%
 Boston Scientific Corporation BSX 0.30%
 Biogen Inc. BIIB 0.30%
 InterDigital, Inc. IDCC 0.29%
 Liberty Energy Inc. (Class A) LBRT 0.29%
 Chord Energy Corporation CHRD 0.29%
 Globe Life Inc. GL 0.28%
 Kirby Corporation KEX 0.28%
 CF Industries Holdings, Inc. CF 0.28%
 First Solar, Inc. FSLR 0.28%
 The Ensign Group, Inc. ENSG 0.28%
 Expeditors International of Washington, Inc. EXPD 0.27%
 Oshkosh Corporation OSK 0.27%
 Lear Corporation LEA 0.27%
 Snap-on Incorporated SNA 0.26%
 Matador Resources Company MTDR 0.26%
 Enact Holdings, Inc. ACT 0.26%
 Toll Brothers, Inc. TOL 0.25%
 TopBuild Corp. BLD 0.25%
 US Foods Holding Corp. USFD 0.25%
 Ulta Beauty, Inc. ULTA 0.25%
 Fox Corporation (Class A) FOXA 0.25%
 F5, Inc. FFIV 0.24%
 PulteGroup, Inc. PHM 0.23%
 Fluor Corporation FLR 0.22%
 MGIC Investment Corporation MTG 0.22%
 Unum Group UNM 0.22%
 Urban Outfitters, Inc. URBN 0.21%
 SEI Investments Company SEIC 0.21%
 Exelixis, Inc. EXEL 0.21%
 Bank OZK OZK 0.21%
 Encompass Health Corporation EHC 0.20%
 Crown Holdings, Inc. CCK 0.20%
 Leidos Holdings, Inc. LDOS 0.20%
 Taylor Morrison Home Corporation TMHC 0.20%
 Peabody Energy Corporation BTU 0.20%
 BJ's Wholesale Club Holdings, Inc. BJ 0.20%
 Carlisle Companies Incorporated CSL 0.19%
 Molson Coors Beverage Company TAP 0.19%
 NewMarket Corporation NEU 0.19%
 Talos Energy Inc. TALO 0.19%
 Ingredion Incorporated INGR 0.18%
 Texas Roadhouse, Inc. TXRH 0.18%
 StoneX Group Inc. SNEX 0.18%
 Warrior Met Coal, Inc. HCC 0.18%
 AptarGroup, Inc. ATR 0.17%
 Murphy Oil Corporation MUR 0.17%
 ArcBest Corporation ARCB 0.17%
 Lennar Corporation LEN 0.17%
 PriceSmart, Inc. PSMT 0.17%
 Alpha Metallurgical Resources, Inc. AMR 0.17%
 UniFirst Corporation UNF 0.16%
 NOV Inc. NOV 0.16%
 Avnet, Inc. AVT 0.16%
 Rush Enterprises, Inc. (Class A) RUSHA 0.15%
 Stride, Inc. LRN 0.15%
 Tri Pointe Homes, Inc. TPH 0.15%
 Tootsie Roll Industries, Inc. TR 0.14%
 Erie Indemnity Company ERIE 0.14%
 OPENLANE Inc. OPLN 0.14%
 The Mosaic Company MOS 0.14%
 PTC Therapeutics, Inc. PTCT 0.14%
 Laureate Education, Inc. (Class A) LAUR 0.14%
 Chewy, Inc. (Class A) CHWY 0.14%
 Otter Tail Corporation OTTR 0.13%
 Graham Holdings Company GHC 0.13%
 Brady Corporation BRC 0.13%
 New Jersey Resources Corporation NJR 0.13%
 Hub Group, Inc. HUBG 0.13%
 Core Natural Resources Inc. CNR 0.13%
 Cactus, Inc. (Class A) WHD 0.13%
 Oscar Health, Inc. (Class A) OSCR 0.13%
 1st Source Corporation SRCE 0.12%
 M/I Homes, Inc. MHO 0.12%
 S&T Bancorp, Inc. STBA 0.12%
 Hawkins, Inc. HWKN 0.12%
 Visteon Corporation VC 0.12%
 Apple Hospitality REIT, Inc. APLE 0.12%
 Pinterest, Inc. (Class A) PINS 0.12%
 Compass, Inc. (Class A) COMP 0.12%
 Radian Group Inc. RDN 0.11%
 Cabot Corporation CBT 0.11%
 Covista Inc. CVSA 0.11%
 International Bancshares Corporation IBOC 0.11%
 ACADIA Pharmaceuticals Inc. ACAD 0.11%
 Sprouts Farmers Market, Inc. SFM 0.11%
 NMI Holdings, Inc. (Class A) NMIH 0.11%
 Rayonier Inc. RYN 0.10%
 KB Home KBH 0.10%
 Sonic Automotive, Inc. SAH 0.10%
 Strategic Education, Inc. STRA 0.10%
 Meritage Homes Corporation MTH 0.10%
 The Greenbrier Companies, Inc. GBX 0.10%
 McGrath RentCorp MGRC 0.10%
 Grand Canyon Education, Inc. LOPE 0.10%
 Dorman Products, Inc. DORM 0.10%
 Palomar Holdings, Inc. PLMR 0.10%
 The Marzetti Company MZTI 0.08%
 National Beverage Corp. FIZZ 0.08%
 Agios Pharmaceuticals, Inc. AGIO 0.08%
 Kyndryl Holdings, Inc. KD 0.08%
 Gibraltar Industries, Inc. ROCK 0.07%
 Option Care Health, Inc. OPCH 0.07%
 ADMA Biologics, Inc. ADMA 0.06%
 Concentrix Corporation CNXC 0.05%
 
Total Number of Holdings:    233
Underlying Securities information represented above is as of 05/01/2026 but will vary with future fluctuations in the market.

Risk Considerations

Unit investment trusts are designed to be held until trust termination. If redeemed early, additional fees, such as remaining deferred sales charges, will be assessed.

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.

Covenant-Lite Loan Risk. Covenant-lite loans contain fewer or no maintenance covenants and may hinder the funds' ability to reprice credit risk and mitigate potential loss especially during a downturn in the credit cycle.

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 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 Risk. Market risk is the risk that a particular security, or units of a trust in general may fall in value. Securities are subject to market fluctuations caused by such factors as general economic conditions, political events, regulatory or market developments, changes in interest rates, and perceived trends in securities prices. Units of a trust could decline in value or underperform other investments as a result. In addition, local, regional, or global events such as war, acts of terrorism, spread of infectious disease or other public health issues, recessions, natural disasters, or other events could have significant negative impact on a trust.

Senior Loans Risk. The yield on funds which invest in 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.

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 organization 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, ©2026 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30341P307 (Cash)
30341P315 (Reinvest)
30341P323 (Cash-Fee)
30341P331 (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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