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60/40 Strategic Allocation, 1st Qtr 2026  Ticker: FSEQLX
 
Description
A unit investment trust which seeks the potential for above-average total return by investing approximately 60% of its assets in common stocks which are selected by applying a disciplined investment strategy and 40% 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: 6S1Q26
Portfolio Status: Secondary
Initial Offer Date: 01/13/2026
Secondary Date: 04/13/2026
Portfolio Ending Date: 04/16/2027
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.0379
POP(*): $10.1753
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 11/05/2026 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 11/5/2026) Per Unit (as of 11/2/2026)
2.86% $0.29120
^ 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
 VanEck IG Floating Rate ETF FLTR 1.56%
 WisdomTree Floating Rate Treasury Fund USFR 1.56%
 State Street SPDR Bloomberg Investment Grade Floating Rate ETF FLRN 1.56%
 Invesco Senior Loan ETF BKLN 1.52%
 First Trust Limited Duration Investment Grade Corporate ETF FSIG 1.52%
 Vanguard Mortgage-Backed Securities ETF VMBS 1.51%
 Invesco Variable Rate Preferred ETF VRP 1.51%
 State Street SPDR Blackstone Senior Loan ETF SRLN 1.50%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 1.49%
 State Street SPDR Portfolio Corporate Bond Index ETF SPBO 1.49%
 Franklin High Yield Corporate ETF FLHY 1.49%
 First Trust Core Investment Grade ETF FTCB 1.49%
 State Street SPDR Bloomberg High Yield Bond ETF JNK 1.48%
 VanEck J.P. Morgan EM Local Currency Bond ETF EMLC 1.48%
 First Trust Tactical High Yield ETF HYLS 1.48%
 State Street SPDR Bloomberg Short Term High Yield Bond ETF SJNK 1.48%
 iShares Broad USD High Yield Corporate Bond ETF USHY 1.48%
 State Street SPDR Portfolio High Yield Bond Index ETF SPHY 1.48%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 1.48%
 PIMCO 0-5 Year High Yield Corporate Bond Exchange-Traded Fund HYS 1.47%
 iShares High Yield Systematic Bond ETF HYDB 1.47%
 Vanguard Long-Term Corporate Bond ETF VCLT 1.45%
 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 1.45%
 State Street SPDR Portfolio Long Term Corporate Bond Index ETF SPLB 1.45%
 First Trust Preferred Securities and Income ETF FPE 1.45%
 Micron Technology, Inc. MU 0.92%
 Targa Resources Corp. TRGP 0.76%
 Recruit Holdings Co., Ltd. (ADR) RCRUY 0.72%
 The Travelers Companies, Inc. TRV 0.70%
 ConocoPhillips COP 0.69%
 EOG Resources, Inc. EOG 0.67%
 Merck & Co., Inc. MRK 0.66%
 The Coca-Cola Company KO 0.66%
 Gilead Sciences, Inc. GILD 0.66%
 eBay Inc. EBAY 0.65%
 Keurig Dr Pepper Inc. KDP 0.65%
 ExxonMobil Holdings Corp. XOM 0.65%
 Chevron Corporation CVX 0.64%
 Fastenal Company FAST 0.62%
 The Allstate Corporation ALL 0.62%
 McKesson Corporation MCK 0.62%
 Consolidated Edison, Inc. ED 0.60%
 Ross Stores, Inc. ROST 0.60%
 Diamondback Energy, Inc. FANG 0.60%
 Monster Beverage Corporation MNST 0.60%
 Delta Air Lines, Inc. DAL 0.59%
 Regeneron Pharmaceuticals, Inc. REGN 0.58%
 Automatic Data Processing, Inc. ADP 0.57%
 Corning Incorporated GLW 0.57%
 Vertex Pharmaceuticals Incorporated VRTX 0.57%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.57%
 CME Group Inc. CME 0.57%
 Costco Wholesale Corporation COST 0.56%
 Tokio Marine Holdings, Inc. (ADR) TKOMY 0.56%
 Elevance Health Inc. ELV 0.55%
 Shell plc (ADR) SHEL 0.55%
 IQVIA Holdings Inc. IQV 0.54%
 Walmart Inc. WMT 0.53%
 The Progressive Corporation PGR 0.53%
 General Motors Company GM 0.53%
 HCA Healthcare, Inc. HCA 0.53%
 Newmont Corporation NEM 0.52%
 Amazon.com, Inc. AMZN 0.52%
 AMETEK, Inc. AME 0.52%
 The Walt Disney Company DIS 0.51%
 Becton, Dickinson and Company BDX 0.51%
 Sysco Corporation SYY 0.50%
 The Hartford Insurance Group, Inc. HIG 0.50%
 Anheuser-Busch InBev S.A./N.V. (ADR) BUD 0.50%
 BHP Group Limited (ADR) BHP 0.49%
 Chubb Limited CB 0.48%
 D.R. Horton, Inc. DHI 0.48%
 General Dynamics Corporation GD 0.48%
 Devon Energy Corporation DVN 0.47%
 Parker-Hannifin Corporation PH 0.47%
 Ameriprise Financial, Inc. AMP 0.47%
 Fast Retailing Co., Ltd. (ADR) FRCOY 0.47%
 Baker Hughes Company (Class A) BKR 0.47%
 Expedia Group, Inc. EXPE 0.46%
 Iberdrola, S.A. (ADR) IBDRY 0.46%
 American Express Company AXP 0.44%
 Novartis AG (ADR) NVS 0.44%
 HEICO Corporation HEI 0.44%
 PACCAR Inc PCAR 0.43%
 The TJX Companies, Inc. TJX 0.43%
 Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY 0.43%
 Itochu Corp. (ADR) ITOCY 0.43%
 Caterpillar Inc. CAT 0.42%
 Comcast Corporation (Class A) CMCSA 0.42%
 PG&E Corporation PCG 0.41%
 Banco Bilbao Vizcaya Argentaria, S.A. (ADR) BBVA 0.41%
 Alphabet Inc. (Class A) GOOGL 0.41%
 NTT, Inc. (ADR) NTTYY 0.40%
 Uber Technologies, Inc. UBER 0.40%
 GSK plc (ADR) GSK 0.39%
 International Business Machines Corporation IBM 0.39%
 Banco Santander S.A. (ADR) SAN 0.39%
 Sanofi (ADR) SNY 0.39%
 Rio Tinto plc (ADR) RIO 0.39%
 Strategy Incorporated (Class A) MSTR 0.39%
 Enel SpA (ADR) ENLAY 0.39%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.39%
 AstraZeneca Plc AZN 0.39%
 Toyota Motor Corporation TM 0.38%
 Cognizant Technology Solutions Corporation CTSH 0.38%
 Agnico Eagle Mines Limited AEM 0.37%
 Accenture plc ACN 0.37%
 Vinci S.A. (ADR) VCISY 0.34%
 Las Vegas Sands Corp. LVS 0.33%
 Barrick Mining Corporation B 0.32%
 Zoetis Inc. ZTS 0.32%
 Chugai Pharmaceutical Co., Ltd. (ADR) CHGCY 0.32%
 Abercrombie & Fitch Co. (Class A) ANF 0.30%
 Exelixis, Inc. EXEL 0.30%
 Permian Resources Corp. PR 0.30%
 Range Resources Corporation RRC 0.29%
 The Hanover Insurance Group, Inc. THG 0.28%
 Coca-Cola Consolidated, Inc. COKE 0.27%
 PDD Holdings Inc. (ADR) PDD 0.27%
 Biogen Inc. BIIB 0.26%
 Novo Nordisk A/S (ADR) NVO 0.26%
 Mohawk Industries, Inc. MHK 0.25%
 Prosus N.V. (ADR) PROSY 0.25%
 Casey's General Stores, Inc. CASY 0.24%
 Urban Outfitters, Inc. URBN 0.24%
 SEI Investments Company SEIC 0.24%
 Cincinnati Financial Corporation CINF 0.23%
 Expeditors International of Washington, Inc. EXPD 0.23%
 United Therapeutics Corporation UTHR 0.23%
 BJ's Wholesale Club Holdings, Inc. BJ 0.23%
 Incyte Corporation INCY 0.22%
 Antero Resources Corporation AR 0.22%
 Medpace Holdings, Inc. MEDP 0.22%
 Globe Life Inc. GL 0.21%
 MGIC Investment Corporation MTG 0.21%
 Toll Brothers, Inc. TOL 0.21%
 Darden Restaurants, Inc. DRI 0.21%
 SouthState Bank Corporation SSB 0.21%
 Krystal Biotech, Inc. KRYS 0.21%
 Fluor Corporation FLR 0.20%
 NOV Inc. NOV 0.20%
 PulteGroup, Inc. PHM 0.20%
 Edison International EIX 0.20%
 Texas Roadhouse, Inc. TXRH 0.20%
 NewMarket Corporation NEU 0.20%
 Erie Indemnity Company ERIE 0.20%
 The Ensign Group, Inc. ENSG 0.20%
 Snap-on Incorporated SNA 0.19%
 Jack Henry & Associates, Inc. JKHY 0.19%
 Kirby Corporation KEX 0.19%
 BioMarin Pharmaceutical Inc. BMRN 0.19%
 Ulta Beauty, Inc. ULTA 0.19%
 Universal Health Services, Inc. (Class B) UHS 0.18%
 The New York Times Company (Class A) NYT 0.18%
 InterDigital, Inc. IDCC 0.18%
 Lear Corporation LEA 0.18%
 Globus Medical, Inc. (Class A) GMED 0.18%
 VICI Properties Inc. VICI 0.18%
 Fox Corporation (Class A) FOXA 0.18%
 Ingredion Incorporated INGR 0.17%
 EMCOR Group, Inc. EME 0.17%
 Deckers Outdoor Corporation DECK 0.17%
 The Mosaic Company MOS 0.17%
 Mueller Industries, Inc. MLI 0.16%
 SM Energy Company SM 0.16%
 First Solar, Inc. FSLR 0.16%
 Matson, Inc. MATX 0.16%
 Clear Secure, Inc. (Class A) YOU 0.16%
 Remitly Global, Inc. RELY 0.16%
 Rheinmetall AG (ADR) RNMBY 0.16%
 Harley-Davidson, Inc. HOG 0.15%
 Waters Corporation WAT 0.15%
 Compass, Inc. (Class A) COMP 0.15%
 UiPath, Inc. (Class A) PATH 0.15%
 Patterson-UTI Energy, Inc. PTEN 0.14%
 Haemonetics Corporation HAE 0.14%
 IES Holdings, Inc. IESC 0.14%
 Apple Hospitality REIT, Inc. APLE 0.14%
 Sprouts Farmers Market, Inc. SFM 0.13%
 ACI Worldwide, Inc. ACIW 0.12%
 Federated Hermes, Inc. (Class B) FHI 0.12%
 CorVel Corporation CRVL 0.12%
 Matador Resources Company MTDR 0.12%
 Palomar Holdings, Inc. PLMR 0.12%
 Enact Holdings, Inc. ACT 0.12%
 UniFirst Corporation UNF 0.11%
 Radian Group Inc. RDN 0.11%
 Murphy Oil Corporation MUR 0.11%
 Dycom Industries, Inc. DY 0.11%
 Plexus Corp. PLXS 0.11%
 PriceSmart, Inc. PSMT 0.11%
 Rush Enterprises, Inc. (Class A) RUSHA 0.11%
 StoneX Group Inc. SNEX 0.11%
 Dorman Products, Inc. DORM 0.11%
 NetScout Systems, Inc. NTCT 0.11%
 OPENLANE Inc. OPLN 0.11%
 Bright Horizons Family Solutions Inc. BFAM 0.11%
 NMI Holdings, Inc. (Class A) NMIH 0.11%
 Cactus, Inc. (Class A) WHD 0.11%
 Lumen Technologies, Inc. LUMN 0.10%
 CNX Resources Corporation CNX 0.10%
 Champion Homes Inc. SKY 0.10%
 International Bancshares Corporation IBOC 0.10%
 Avista Corporation AVA 0.10%
 Archrock, Inc. AROC 0.10%
 AZZ Inc. AZZ 0.10%
 DXC Technology Company DXC 0.10%
 Privia Health Group, Inc. PRVA 0.10%
 Otter Tail Corporation OTTR 0.09%
 WaFd Inc. WAFD 0.09%
 Brady Corporation BRC 0.09%
 M/I Homes, Inc. MHO 0.09%
 Covista Inc. CVSA 0.09%
 Mercury General Corporation MCY 0.09%
 Cal-Maine Foods, Inc. CALM 0.09%
 Portland General Electric Company POR 0.09%
 Primoris Services Corporation PRIM 0.09%
 Laureate Education, Inc. (Class A) LAUR 0.09%
 KB Home KBH 0.08%
 EnerSys ENS 0.08%
 Argan, Inc. AGX 0.08%
 ACADIA Pharmaceuticals Inc. ACAD 0.08%
 Photronics, Inc. PLAB 0.07%
 MAXIMUS, Inc. MMS 0.07%
 Strategic Education, Inc. STRA 0.07%
 The Western Union Company WU 0.07%
 The Marzetti Company MZTI 0.06%
 Grand Canyon Education, Inc. LOPE 0.06%
 The Simply Good Foods Company SMPL 0.06%
 Liberty Energy Inc. (Class A) LBRT 0.06%
 Hub Group, Inc. HUBG 0.05%
 
Total Number of Holdings:    231
Underlying Securities information represented above is as of 11/05/2026 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.

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. 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.

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
30343H360 (Cash)
30343H378 (Reinvest)
30343H386 (Cash-Fee)
30343H394 (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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