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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(*): $11.4394
POP(*): $11.5959
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/10/2026 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 7/10/2026) Per Unit (as of 7/6/2026)
2.10% $0.24360
^ 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 4.30%
 Alphabet Inc. (Class A) GOOGL 1.09%
 Cummins Inc. CMI 1.06%
 Tokyo Electron Limited (ADR) TOELY 1.04%
 Monolithic Power Systems, Inc. MPWR 1.01%
 Southern Copper Corporation SCCO 0.95%
 Ross Stores, Inc. ROST 0.91%
 Amphenol Corporation APH 0.89%
 Fortinet, Inc. FTNT 0.88%
 Monster Beverage Corporation MNST 0.88%
 VanEck J.P. Morgan EM Local Currency Bond ETF EMLC 0.87%
 iShares 0-1 Year Treasury Bond ETF SHV 0.86%
 Vanguard Mortgage-Backed Securities ETF VMBS 0.86%
 VanEck IG Floating Rate ETF FLTR 0.86%
 WisdomTree Floating Rate Treasury Fund USFR 0.86%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 0.86%
 State Street SPDR Bloomberg Investment Grade Floating Rate ETF FLRN 0.86%
 Newmont Corporation NEM 0.85%
 State Street SPDR Bloomberg High Yield Bond ETF JNK 0.85%
 State Street SPDR Portfolio Short Term Corporate Bond ETF SPSB 0.85%
 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 0.85%
 iShares Broad USD High Yield Corporate Bond ETF USHY 0.85%
 State Street SPDR Portfolio High Yield Bond ETF SPHY 0.85%
 Invesco Variable Rate Preferred ETF VRP 0.85%
 First Trust Limited Duration Investment Grade Corporate ETF FSIG 0.85%
 Schwab 5-10 Year Corporate Bond ETF SCHI 0.85%
 iShares High Yield Systematic Bond ETF HYDB 0.85%
 iShares Preferred & Income Securities ETF PFF 0.84%
 Vanguard Long-Term Corporate Bond ETF VCLT 0.84%
 PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund HYS 0.84%
 State Street SPDR Portfolio Long Term Corporate Bond ETF SPLB 0.84%
 First Trust Tactical High Yield ETF HYLS 0.84%
 State Street SPDR Bloomberg Short Term High Yield Bond ETF SJNK 0.84%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 0.84%
 Invesco Senior Loan ETF BKLN 0.83%
 State Street SPDR Blackstone Senior Loan ETF SRLN 0.83%
 Howmet Aerospace Inc. HWM 0.82%
 Mizuho Financial Group, Inc. (ADR) MFG 0.80%
 Cardinal Health, Inc. CAH 0.78%
 General Motors Company GM 0.77%
 Baker Hughes Company (Class A) BKR 0.77%
 Fast Retailing Co., Ltd. (ADR) FRCOY 0.75%
 The Travelers Companies, Inc. TRV 0.70%
 Banco Bilbao Vizcaya Argentaria, S.A. (ADR) BBVA 0.70%
 AMETEK, Inc. AME 0.68%
 Diamondback Energy, Inc. FANG 0.68%
 PACCAR Inc PCAR 0.67%
 BHP Group Limited (ADR) BHP 0.67%
 Elevance Health Inc. ELV 0.66%
 Altria Group, Inc. MO 0.65%
 The TJX Companies, Inc. TJX 0.65%
 General Dynamics Corporation GD 0.65%
 DBS Group Holdings Ltd. (ADR) DBSDY 0.65%
 Regeneron Pharmaceuticals, Inc. REGN 0.64%
 Wabtec Corporation WAB 0.64%
 Rio Tinto plc (ADR) RIO 0.64%
 ExxonMobil Holdings Corp. XOM 0.64%
 Walmart Inc. WMT 0.63%
 M&T Bank Corporation MTB 0.63%
 Gilead Sciences, Inc. GILD 0.63%
 Edwards Lifesciences Corporation EW 0.62%
 Robinhood Markets, Inc. (Class A) HOOD 0.62%
 The Hartford Insurance Group, Inc. HIG 0.61%
 ConocoPhillips COP 0.61%
 Chevron Corporation CVX 0.61%
 EOG Resources, Inc. EOG 0.59%
 McKesson Corporation MCK 0.58%
 UniCredit SpA (ADR) UNCRY 0.58%
 Sysco Corporation SYY 0.57%
 D.R. Horton, Inc. DHI 0.57%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.56%
 Canadian Natural Resources Limited CNQ 0.56%
 Waste Management, Inc. WM 0.55%
 Ecolab Inc. ECL 0.55%
 Cencora, Inc. COR 0.55%
 Chubb Limited CB 0.53%
 Visa Inc. (Class A) V 0.53%
 Enel SpA (ADR) ENLAY 0.53%
 Tokio Marine Holdings, Inc. (ADR) TKOMY 0.53%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.53%
 TotalEnergies SE TTE 0.53%
 Devon Energy Corporation DVN 0.52%
 Costco Wholesale Corporation COST 0.51%
 The Procter & Gamble Company PG 0.50%
 The Kraft Heinz Company KHC 0.50%
 Eaton Corporation Plc ETN 0.48%
 Xylem Inc. XYL 0.48%
 Itochu Corp. (ADR) ITOCY 0.48%
 Shell Plc (ADR) SHEL 0.48%
 Carpenter Technology Corporation CRS 0.47%
 CME Group Inc. CME 0.47%
 Hitachi, Ltd. (ADR) HTHIY 0.45%
 Centene Corporation CNC 0.45%
 Air Liquide S.A. (ADR) AIQUY 0.45%
 KDDI Corporation (ADR) KDDIY 0.45%
 Cintas Corporation CTAS 0.44%
 Toyota Motor Corporation TM 0.44%
 Marsh & McLennan Companies, Inc. MRSH 0.44%
 ResMed Inc. RMD 0.43%
 IES Holdings, Inc. IESC 0.43%
 Automatic Data Processing, Inc. ADP 0.42%
 The Walt Disney Company DIS 0.42%
 BAE Systems Plc (ADR) BAESY 0.42%
 L'Oreal S.A. (ADR) LRLCY 0.42%
 Chugai Pharmaceutical Co., Ltd. (ADR) CHGCY 0.42%
 VICI Properties Inc. VICI 0.41%
 Uber Technologies, Inc. UBER 0.41%
 United Therapeutics Corporation UTHR 0.40%
 Vinci S.A. (ADR) VCISY 0.40%
 Paychex, Inc. PAYX 0.39%
 Abbott Laboratories ABT 0.38%
 Sanofi (ADR) SNY 0.38%
 NTT, Inc. (ADR) NTTYY 0.38%
 Powell Industries, Inc. POWL 0.36%
 Argan, Inc. AGX 0.35%
 PDD Holdings Inc. (ADR) PDD 0.35%
 Prosus N.V. (ADR) PROSY 0.35%
 Valmont Industries, Inc. VMI 0.34%
 Coca-Cola Consolidated, Inc. COKE 0.33%
 Chipotle Mexican Grill, Inc. CMG 0.33%
 Globe Life Inc. GL 0.32%
 Casey's General Stores, Inc. CASY 0.32%
 F5, Inc. FFIV 0.32%
 Expeditors International of Washington, Inc. EXPD 0.31%
 Biogen Inc. BIIB 0.31%
 EMCOR Group, Inc. EME 0.31%
 Cognizant Technology Solutions Corporation CTSH 0.30%
 First Solar, Inc. FSLR 0.30%
 Permian Resources Corp. PR 0.29%
 Ovintiv Inc. OVV 0.29%
 The New York Times Company (Class A) NYT 0.28%
 Tractor Supply Company TSCO 0.28%
 Snap-on Incorporated SNA 0.27%
 Exelixis, Inc. EXEL 0.27%
 Kirby Corporation KEX 0.27%
 Lear Corporation LEA 0.27%
 Enact Holdings, Inc. ACT 0.27%
 Toll Brothers, Inc. TOL 0.26%
 InterDigital, Inc. IDCC 0.26%
 CF Industries Holdings, Inc. CF 0.26%
 US Foods Holding Corp. USFD 0.26%
 The Ensign Group, Inc. ENSG 0.25%
 Oshkosh Corporation OSK 0.24%
 Rheinmetall AG (ADR) RNMBY 0.24%
 Boston Scientific Corporation BSX 0.23%
 MGIC Investment Corporation MTG 0.23%
 Unum Group UNM 0.23%
 PulteGroup, Inc. PHM 0.23%
 Taylor Morrison Home Corporation TMHC 0.23%
 Chord Energy Corporation CHRD 0.23%
 SEI Investments Company SEIC 0.22%
 Crown Holdings, Inc. CCK 0.22%
 NewMarket Corporation NEU 0.22%
 Fluor Corporation FLR 0.21%
 Texas Roadhouse, Inc. TXRH 0.21%
 StoneX Group Inc. SNEX 0.21%
 Matador Resources Company MTDR 0.21%
 Ulta Beauty, Inc. ULTA 0.21%
 Bank OZK OZK 0.21%
 Liberty Energy Inc. (Class A) LBRT 0.21%
 Oscar Health, Inc. (Class A) OSCR 0.21%
 Encompass Health Corporation EHC 0.20%
 Urban Outfitters, Inc. URBN 0.20%
 ArcBest Corporation ARCB 0.20%
 PriceSmart, Inc. PSMT 0.20%
 Fox Corporation (Class A) FOXA 0.20%
 PTC Therapeutics, Inc. PTCT 0.19%
 Compass, Inc. (Class A) COMP 0.19%
 Laureate Education, Inc. (Class A) LAUR 0.18%
 AptarGroup, Inc. ATR 0.17%
 UniFirst Corporation UNF 0.17%
 Avnet, Inc. AVT 0.17%
 Carlisle Companies Incorporated CSL 0.17%
 Molson Coors Beverage Company TAP 0.17%
 OPENLANE Inc. OPLN 0.17%
 Peabody Energy Corporation BTU 0.17%
 QXO, Inc. QXO 0.17%
 BJ's Wholesale Club Holdings, Inc. BJ 0.17%
 Lennar Corporation LEN 0.16%
 Warrior Met Coal, Inc. HCC 0.16%
 Talos Energy Inc. TALO 0.16%
 Ingredion Incorporated INGR 0.15%
 Rush Enterprises, Inc. (Class A) RUSHA 0.15%
 Erie Indemnity Company ERIE 0.15%
 Brady Corporation BRC 0.14%
 Murphy Oil Corporation MUR 0.14%
 NOV Inc. NOV 0.14%
 Hub Group, Inc. HUBG 0.14%
 Leidos Holdings, Inc. LDOS 0.14%
 Stride, Inc. LRN 0.14%
 Apple Hospitality REIT, Inc. APLE 0.14%
 Alpha Metallurgical Resources, Inc. AMR 0.14%
 Pinterest, Inc. (Class A) PINS 0.14%
 Graham Holdings Company GHC 0.13%
 1st Source Corporation SRCE 0.13%
 M/I Homes, Inc. MHO 0.13%
 S&T Bancorp, Inc. STBA 0.13%
 New Jersey Resources Corporation NJR 0.13%
 ACADIA Pharmaceuticals Inc. ACAD 0.13%
 Otter Tail Corporation OTTR 0.12%
 Tootsie Roll Industries, Inc. TR 0.12%
 Radian Group Inc. RDN 0.12%
 Sonic Automotive, Inc. SAH 0.12%
 Cabot Corporation CBT 0.12%
 Covista Inc. CVSA 0.12%
 Dorman Products, Inc. DORM 0.12%
 The Mosaic Company MOS 0.12%
 Agios Pharmaceuticals, Inc. AGIO 0.12%
 Core Natural Resources Inc. CNR 0.12%
 Cactus, Inc. (Class A) WHD 0.12%
 KB Home KBH 0.11%
 Strategic Education, Inc. STRA 0.11%
 Meritage Homes Corporation MTH 0.11%
 International Bancshares Corporation IBOC 0.11%
 Visteon Corporation VC 0.11%
 Sprouts Farmers Market, Inc. SFM 0.11%
 NMI Holdings, Inc. (Class A) NMIH 0.11%
 Palomar Holdings, Inc. PLMR 0.11%
 Chewy, Inc. (Class A) CHWY 0.11%
 Rayonier Inc. RYN 0.10%
 McGrath RentCorp MGRC 0.10%
 The Greenbrier Companies, Inc. GBX 0.09%
 Hawkins, Inc. HWKN 0.09%
 Grand Canyon Education, Inc. LOPE 0.09%
 Option Care Health, Inc. OPCH 0.08%
 National Beverage Corp. FIZZ 0.08%
 The Marzetti Company MZTI 0.07%
 Gibraltar Industries, Inc. ROCK 0.07%
 Kyndryl Holdings, Inc. KD 0.06%
 ADMA Biologics, Inc. ADMA 0.05%
 Concentrix Corporation CNXC 0.04%
 
Total Number of Holdings:    231
Underlying Securities information represented above is as of 07/09/2026 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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