75/25 Strategic Allocation, 3rd Qtr 2026  Ticker: FLECEX
 
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: 7S3Q26
Portfolio Status: Secondary
Initial Offer Date: 07/14/2026
Secondary Date: 10/13/2026
Portfolio Ending Date: 10/18/2027
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.0925
POP(*): $10.2306
Remaining Deferred Sales Charge: $0.0900
* As of Trade Date: 10/30/2026 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 10/30/2026) Per Unit (as of 10/30/2026)
2.32% $0.23690
^ 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  
NameSymbolWeighting
 Invesco Senior Loan ETF BKLN 0.98%
 VanEck IG Floating Rate ETF FLTR 0.98%
 WisdomTree Floating Rate Treasury Fund USFR 0.98%
 State Street SPDR Blackstone Senior Loan ETF SRLN 0.97%
 Franklin Senior Loan ETF FLBL 0.97%
 Vanguard Mortgage-Backed Securities ETF VMBS 0.96%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 0.96%
 State Street SPDR Portfolio Corporate Bond ETF SPBO 0.96%
 First Trust Limited Duration Investment Grade Corporate ETF FSIG 0.96%
 First Trust Structured Credit Income Opportunities ETF SCIO 0.96%
 Vanguard Long-Term Corporate Bond ETF VCLT 0.95%
 PIMCO 0-5 Year High Yield Corporate Bond Exchange-Traded Fund HYS 0.95%
 First Trust Tactical High Yield ETF HYLS 0.95%
 State Street SPDR Bloomberg Short Term High Yield Bond ETF SJNK 0.95%
 iShares Broad USD High Yield Corporate Bond ETF USHY 0.95%
 State Street SPDR Portfolio High Yield Bond ETF SPHY 0.95%
 Invesco Variable Rate Preferred ETF VRP 0.95%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 0.95%
 Franklin High Yield Corporate ETF FLHY 0.95%
 iShares High Yield Systematic Bond ETF HYDB 0.95%
 First Trust Core Investment Grade ETF FTCB 0.95%
 VanEck J.P. Morgan EM Local Currency Bond ETF EMLC 0.94%
 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 0.94%
 State Street SPDR Portfolio Long Term Corporate Bond ETF SPLB 0.94%
 Accenture plc ACN 0.92%
 First Trust Preferred Securities and Income ETF FPE 0.92%
 Regeneron Pharmaceuticals, Inc. REGN 0.86%
 ConocoPhillips COP 0.83%
 Valero Energy Corporation VLO 0.81%
 Roper Technologies, Inc. ROP 0.79%
 Gilead Sciences, Inc. GILD 0.79%
 Chevron Corporation CVX 0.79%
 ExxonMobil Holdings Corp. XOM 0.79%
 Recruit Holdings Co., Ltd. (ADR) RCRUY 0.77%
 McKesson Corporation MCK 0.75%
 HCA Healthcare, Inc. HCA 0.74%
 Cintas Corporation CTAS 0.73%
 Automatic Data Processing, Inc. ADP 0.72%
 EOG Resources, Inc. EOG 0.72%
 Vertex Pharmaceuticals Incorporated VRTX 0.71%
 The Travelers Companies, Inc. TRV 0.71%
 The Walt Disney Company DIS 0.70%
 Newmont Corporation NEM 0.70%
 Targa Resources Corp. TRGP 0.70%
 The Coca-Cola Company KO 0.68%
 The Procter & Gamble Company PG 0.67%
 Fastenal Company FAST 0.67%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.66%
 Equinor ASA EQNR 0.66%
 Johnson & Johnson JNJ 0.65%
 Walmart Inc. WMT 0.65%
 Costco Wholesale Corporation COST 0.65%
 Adobe Incorporated ADBE 0.65%
 Cardinal Health, Inc. CAH 0.65%
 Cencora, Inc. COR 0.65%
 Consolidated Edison, Inc. ED 0.64%
 eBay Inc. EBAY 0.64%
 Ross Stores, Inc. ROST 0.64%
 Canadian Natural Resources Limited CNQ 0.64%
 AMETEK, Inc. AME 0.63%
 Shell plc (ADR) SHEL 0.63%
 The Allstate Corporation ALL 0.62%
 Itochu Corp. (ADR) ITOCY 0.62%
 AT&T Inc. T 0.61%
 Duke Energy Corporation DUK 0.61%
 Sysco Corporation SYY 0.61%
 O'Reilly Automotive, Inc. ORLY 0.61%
 General Dynamics Corporation GD 0.61%
 Xcel Energy Inc. XEL 0.60%
 Waste Management, Inc. WM 0.60%
 The Progressive Corporation PGR 0.60%
 Exelon Corporation EXC 0.60%
 Comcast Corporation (Class A) CMCSA 0.59%
 D.R. Horton, Inc. DHI 0.59%
 Monster Beverage Corporation MNST 0.59%
 The Cigna Group CI 0.59%
 The TJX Companies, Inc. TJX 0.57%
 Boston Scientific Corporation BSX 0.57%
 The Hartford Insurance Group, Inc. HIG 0.57%
 Ameriprise Financial, Inc. AMP 0.57%
 Delta Air Lines, Inc. DAL 0.57%
 Tokio Marine Holdings, Inc. (ADR) TKOMY 0.57%
 Micron Technology, Inc. MU 0.56%
 Toyota Motor Corporation TM 0.55%
 M&T Bank Corporation MTB 0.55%
 EMCOR Group, Inc. EME 0.55%
 L'Oreal S.A. (ADR) LRLCY 0.55%
 International Business Machines Corporation IBM 0.54%
 Chipotle Mexican Grill, Inc. CMG 0.53%
 Oversea-Chinese Banking Corporation Limited (ADR) OVCHY 0.53%
 AstraZeneca Plc AZN 0.53%
 British American Tobacco Plc (ADR) BTI 0.51%
 Chubb Limited CB 0.51%
 DBS Group Holdings Ltd. (ADR) DBSDY 0.50%
 Interactive Brokers Group, Inc. (Class A) IBKR 0.50%
 Allianz SE (ADR) ALIZY 0.50%
 Sanofi (ADR) SNY 0.49%
 Air Liquide S.A. (ADR) AIQUY 0.49%
 Anheuser-Busch InBev S.A./N.V. (ADR) BUD 0.49%
 Alphabet Inc. (Class A) GOOGL 0.49%
 Industria de Diseno Textil, S.A. (ADR) IDEXY 0.49%
 Canadian Pacific Kansas City Ltd. CP 0.48%
 Linde Plc LIN 0.48%
 Chugai Pharmaceutical Co., Ltd. (ADR) CHGCY 0.47%
 PG&E Corporation PCG 0.46%
 Fast Retailing Co., Ltd. (ADR) FRCOY 0.46%
 Howmet Aerospace Inc. HWM 0.45%
 PDD Holdings Inc. (ADR) PDD 0.45%
 BNP Paribas S.A. (ADR) BNPQY 0.41%
 Prosus N.V. (ADR) PROSY 0.41%
 Western Digital Corporation WDC 0.40%
 Novo Nordisk A/S (ADR) NVO 0.40%
 Safran S.A. (ADR) SAFRY 0.40%
 Mitsubishi Electric Corporation (ADR) MIELY 0.40%
 Range Resources Corporation RRC 0.37%
 Cognizant Technology Solutions Corporation CTSH 0.36%
 SoftBank Group Corp. (ADR) SFTBY 0.36%
 HF Sinclair Corp. DINO 0.34%
 Mohawk Industries, Inc. MHK 0.32%
 Permian Resources Corp. PR 0.32%
 Encompass Health Corporation EHC 0.30%
 Exelixis, Inc. EXEL 0.30%
 Antero Resources Corporation AR 0.30%
 Biogen Inc. BIIB 0.29%
 Coca-Cola Consolidated, Inc. COKE 0.29%
 Cboe Global Markets, Inc. CBOE 0.29%
 BJ's Wholesale Club Holdings, Inc. BJ 0.29%
 Universal Health Services, Inc. (Class B) UHS 0.28%
 Williams-Sonoma, Inc. WSM 0.28%
 United Therapeutics Corporation UTHR 0.28%
 Fox Corporation (Class A) FOXA 0.28%
 Brinker International, Inc. EAT 0.27%
 AptarGroup, Inc. ATR 0.27%
 EQT Corporation EQT 0.27%
 The Hanover Insurance Group, Inc. THG 0.27%
 Incyte Corporation INCY 0.26%
 Jack Henry & Associates, Inc. JKHY 0.26%
 Crown Holdings, Inc. CCK 0.26%
 Erie Indemnity Company ERIE 0.26%
 SouthState Bank Corporation SSB 0.26%
 PulteGroup, Inc. PHM 0.25%
 Zimmer Biomet Holdings, Inc. ZBH 0.25%
 Pilgrim's Pride Corporation PPC 0.25%
 US Foods Holding Corp. USFD 0.25%
 Kinsale Capital Group, Inc. KNSL 0.25%
 Expand Energy Corporation EXE 0.25%
 Enact Holdings, Inc. ACT 0.25%
 Cincinnati Financial Corporation CINF 0.24%
 Toll Brothers, Inc. TOL 0.24%
 National Fuel Gas Company NFG 0.24%
 Kirby Corporation KEX 0.24%
 Globus Medical, Inc. (Class A) GMED 0.24%
 The New York Times Company (Class A) NYT 0.23%
 Krystal Biotech, Inc. KRYS 0.23%
 VICI Properties Inc. VICI 0.23%
 Globe Life Inc. GL 0.22%
 Applied Industrial Technologies, Inc. AIT 0.22%
 Moog Inc. MOG/A 0.22%
 Murphy USA Inc. MUSA 0.22%
 McCormick & Company, Incorporated MKC 0.21%
 Snap-on Incorporated SNA 0.21%
 Lear Corporation LEA 0.21%
 FirstCash Holdings, Inc. FCFS 0.21%
 Casey's General Stores, Inc. CASY 0.20%
 Neurocrine Biosciences, Inc. NBIX 0.20%
 F5, Inc. FFIV 0.20%
 Archrock, Inc. AROC 0.20%
 Plexus Corp. PLXS 0.19%
 Edison International EIX 0.19%
 Deckers Outdoor Corporation DECK 0.19%
 First Solar, Inc. FSLR 0.19%
 ESCO Technologies Inc. ESE 0.18%
 MarketAxess Holdings Inc. MKTX 0.17%
 IES Holdings, Inc. IESC 0.17%
 PBF Energy Inc. PBF 0.17%
 Science Applications International Corporation SAIC 0.17%
 Ollie's Bargain Outlet Holdings, Inc. OLLI 0.17%
 Urban Outfitters, Inc. URBN 0.16%
 CorVel Corporation CRVL 0.16%
 Harley-Davidson, Inc. HOG 0.15%
 H&R Block, Inc. HRB 0.15%
 Murphy Oil Corporation MUR 0.15%
 Sprouts Farmers Market, Inc. SFM 0.15%
 Delek US Holdings, Inc. DK 0.15%
 CNX Resources Corporation CNX 0.14%
 Argan, Inc. AGX 0.14%
 Tidewater Inc. TDW 0.14%
 Gulfport Energy Corporation GPOR 0.14%
 Otter Tail Corporation OTTR 0.13%
 Telephone and Data Systems, Inc. TDS 0.13%
 MAXIMUS, Inc. MMS 0.13%
 Central Garden & Pet Company (Class A) CENTA 0.13%
 The Chefs' Warehouse, Inc. CHEF 0.13%
 Core Natural Resources, Inc. CNR 0.13%
 MGIC Investment Corporation MTG 0.12%
 Weis Markets, Inc. WMK 0.12%
 Ingredion Incorporated INGR 0.12%
 Covista Inc. CVSA 0.12%
 Federated Hermes, Inc. (Class B) FHI 0.12%
 Oceaneering International, Inc. OII 0.12%
 National HealthCare Corporation NHC 0.12%
 Prestige Consumer Healthcare Inc. PBH 0.12%
 Teradata Corporation TDC 0.12%
 Grand Canyon Education, Inc. LOPE 0.12%
 First Interstate BancSystem, Inc. FIBK 0.12%
 NMI Holdings, Inc. (Class A) NMIH 0.12%
 ONE Gas, Inc. OGS 0.12%
 Palomar Holdings, Inc. PLMR 0.12%
 Remitly Global, Inc. RELY 0.12%
 The Marzetti Company MZTI 0.11%
 Sonoco Products Company SON 0.11%
 Brady Corporation BRC 0.11%
 Radian Group Inc. RDN 0.11%
 KB Home KBH 0.11%
 PriceSmart, Inc. PSMT 0.11%
 Mercury General Corporation MCY 0.11%
 International Bancshares Corporation IBOC 0.11%
 Avista Corporation AVA 0.11%
 The GEO Group, Inc. GEO 0.11%
 Mueller Water Products, Inc. MWA 0.11%
 AZZ Inc. AZZ 0.11%
 Graphic Packaging Holding Company GPK 0.11%
 Enliven Therapeutics Inc. ELVN 0.11%
 Gentex Corporation GNTX 0.10%
 M/I Homes, Inc. MHO 0.10%
 EZCORP, Inc. EZPW 0.10%
 Rush Enterprises, Inc. (Class A) RUSHA 0.10%
 ACADIA Pharmaceuticals Inc. ACAD 0.10%
 Stride, Inc. LRN 0.10%
 Green Brick Partners, Inc. GRBK 0.10%
 Laureate Education, Inc. (Class A) LAUR 0.10%
 Cal-Maine Foods, Inc. CALM 0.09%
 Privia Health Group, Inc. PRVA 0.09%
 Vistance Networks Inc. VISN 0.07%
 Alignment Healthcare, Inc. ALHC 0.04%
 
Total Number of Holdings:    235
Underlying Securities information represented above is as of 10/30/2026 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 October 20, 2026
$0.04500 November 20, 2026
$0.04500 December 18, 2026

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.

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.

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.

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 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.

US Treasury Obligations Risk. 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 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.

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