| 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: | 7S1Q24 | Portfolio Status: | Secondary | Initial Offer Date: | 01/11/2024 | Secondary Date: | 04/11/2024 | Portfolio Ending Date: | 04/16/2025 | Tax Structure: | Regulated Investment Company | | | | Initial Offer Price: | $10.0000 | NAV(*): | $10.4217 | POP(*): | $10.5643 | Remaining Deferred Sales Charge: | $0.0450 | | * As of Trade Date:05/24/20244:00pm ET | | Fact Sheet | Brochure | Prospectus | | 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 5/24/2024) | Per Unit(as of 5/24/2024) | 2.53% | $0.26700 | | | ^ 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 | Name | Symbol | Weighting | SPDR Bloomberg Investment Grade Floating Rate ETF | FLRN | 0.95% | iShares iBoxx $ High Yield Corporate Bond ETF | HYG | 0.94% | iShares Short Treasury Bond ETF | SHV | 0.94% | iShares Preferred & Income Securities ETF | PFF | 0.94% | Invesco Senior Loan ETF | BKLN | 0.94% | First Trust Senior Loan Fund | FTSL | 0.94% | SPDR Blackstone Senior Loan ETF | SRLN | 0.94% | iShares Broad USD High Yield Corporate Bond ETF | USHY | 0.94% | SPDR Portfolio High Yield Bond ETF | SPHY | 0.94% | iShares Broad USD Investment Grade Corporate Bond ETF | USIG | 0.93% | SPDR Bloomberg Barclays High Yield Bond ETF | JNK | 0.93% | SPDR Portfolio Intermediate Term Corporate Bond ETF | SPIB | 0.93% | SPDR ICE Preferred Securities ETF | PSK | 0.93% | SPDR Bloomberg Short Term High Yield Bond ETF | SJNK | 0.93% | Schwab 5-10 Year Corporate Bond ETF | SCHI | 0.93% | iShares iBoxx $ Investment Grade Corporate Bond ETF | LQD | 0.92% | iShares MBS ETF | MBB | 0.92% | Vanguard Mortgage-Backed Securities ETF | VMBS | 0.92% | SPDR Portfolio Mortgage Backed Bond ETF | SPMB | 0.92% | Janus Henderson Mortgage-Backed Securities ETF | JMBS | 0.92% | VanEck J.P. Morgan EM Local Currency Bond ETF | EMLC | 0.91% | iShares 10+ Year Investment Grade Corporate Bond ETF | IGLB | 0.91% | SPDR Portfolio Long Term Corporate Bond ETF | SPLB | 0.91% | SPDR Bloomberg International Treasury Bond ETF | BWX | 0.90% | Vanguard Long-Term Corporate Bond ETF | VCLT | 0.90% | Amphenol Corporation | APH | 0.83% | Southern Copper Corporation | SCCO | 0.83% | Valero Energy Corporation | VLO | 0.76% | The Progressive Corporation | PGR | 0.73% | Analog Devices, Inc. | ADI | 0.73% | General Motors Company | GM | 0.72% | Arista Networks, Inc. | ANET | 0.72% | Alphabet Inc. (Class A) | GOOGL | 0.72% | Walmart Inc. | WMT | 0.71% | Costco Wholesale Corporation | COST | 0.71% | Corteva Inc. | CTVA | 0.71% | Caterpillar Inc. | CAT | 0.70% | General Dynamics Corporation | GD | 0.70% | W.W. Grainger, Inc. | GWW | 0.69% | Exxon Mobil Corporation | XOM | 0.68% | PACCAR Inc | PCAR | 0.68% | McKesson Corporation | MCK | 0.68% | Microsoft Corporation | MSFT | 0.67% | Regeneron Pharmaceuticals, Inc. | REGN | 0.66% | Mitsui & Co., Ltd. (ADR) | MITSY | 0.66% | Altria Group, Inc. | MO | 0.65% | The Procter & Gamble Company | PG | 0.65% | Dominion Energy, Inc. | D | 0.65% | Berkshire Hathaway Inc. (Class B) | BRK/B | 0.65% | The TJX Companies, Inc. | TJX | 0.64% | Chevron Corporation | CVX | 0.64% | CME Group Inc. | CME | 0.64% | Phillips 66 | PSX | 0.64% | Automatic Data Processing, Inc. | ADP | 0.63% | Aflac Incorporated | AFL | 0.63% | EOG Resources, Inc. | EOG | 0.63% | Vertex Pharmaceuticals Incorporated | VRTX | 0.63% | Hitachi, Ltd. (ADR) | HTHIY | 0.63% | Keurig Dr Pepper Inc. | KDP | 0.63% | Super Micro Computer, Inc. | SMCI | 0.63% | International Business Machines Corporation | IBM | 0.62% | Fastenal Company | FAST | 0.62% | ConocoPhillips | COP | 0.62% | CDW Corporation | CDW | 0.62% | Vistra Corp. | VST | 0.62% | The Hershey Company | HSY | 0.61% | Lockheed Martin Corporation | LMT | 0.61% | Ross Stores, Inc. | ROST | 0.61% | Prosus N.V. (ADR) | PROSY | 0.61% | Verizon Communications Inc. | VZ | 0.60% | The Coca-Cola Company | KO | 0.60% | Nucor Corporation | NUE | 0.60% | The Sherwin-Williams Company | SHW | 0.60% | Lennar Corporation | LEN | 0.60% | Cencora Inc. | COR | 0.60% | Consolidated Edison, Inc. | ED | 0.59% | Novo Nordisk A/S (ADR) | NVO | 0.59% | Northrop Grumman Corporation | NOC | 0.59% | ABB Ltd (ADR) | ABBNY | 0.59% | Deere & Company | DE | 0.57% | Recruit Holdings Co., Ltd. (ADR) | RCRUY | 0.57% | Cheniere Energy, Inc. | LNG | 0.56% | The Kraft Heinz Company | KHC | 0.56% | UnitedHealth Group Incorporated | UNH | 0.55% | D.R. Horton, Inc. | DHI | 0.55% | Johnson & Johnson | JNJ | 0.54% | Cisco Systems, Inc. | CSCO | 0.54% | Industria de Diseno Textil, S.A. (ADR) | IDEXY | 0.54% | Toyota Motor Corporation | TM | 0.53% | Extra Space Storage Inc. | EXR | 0.53% | Shell Plc (ADR) | SHEL | 0.53% | TotalEnergies SE (ADR) | TTE | 0.52% | Archer-Daniels-Midland Company | ADM | 0.51% | Xcel Energy Inc. | XEL | 0.51% | Itochu Corp. (ADR) | ITOCY | 0.51% | Zoetis Inc. | ZTS | 0.51% | BP Plc (ADR) | BP | 0.50% | Dollar Tree, Inc. | DLTR | 0.49% | Air Liquide S.A. (ADR) | AIQUY | 0.49% | PDD Holdings Inc. (ADR) | PDD | 0.49% | Mercedes-Benz Group AG (ADR) | MBGYY | 0.49% | British American Tobacco Plc (ADR) | BTI | 0.48% | Rio Tinto Plc (ADR) | RIO | 0.48% | Iberdrola S.A. (ADR) | IBDRY | 0.48% | L'Oreal S.A. (ADR) | LRLCY | 0.47% | Nintendo Co., Ltd. (ADR) | NTDOY | 0.46% | Shin-Etsu Chemical Co., Ltd. (ADR) | SHECY | 0.46% | Eni SpA (ADR) | E | 0.45% | Deutsche Telekom AG (ADR) | DTEGY | 0.45% | BHP Group Ltd (ADR) | BHP | 0.44% | Sanofi (ADR) | SNY | 0.44% | Equinor ASA | EQNR | 0.44% | EMCOR Group, Inc. | EME | 0.43% | CVS Health Corporation | CVS | 0.41% | Comfort Systems USA, Inc. | FIX | 0.40% | KDDI Corporation (ADR) | KDDIY | 0.40% | Sprouts Farmers Market, Inc. | SFM | 0.39% | Nippon Telegraph and Telephone Corporation (ADR) | NTTYY | 0.37% | Chugai Pharmaceutical Co., Ltd. (ADR) | CHGCY | 0.36% | Deckers Outdoor Corporation | DECK | 0.35% | Williams-Sonoma, Inc. | WSM | 0.34% | Texas Roadhouse, Inc. | TXRH | 0.33% | Medpace Holdings, Inc. | MEDP | 0.33% | Mueller Industries, Inc. | MLI | 0.31% | BJ's Wholesale Club Holdings, Inc. | BJ | 0.31% | Casey's General Stores, Inc. | CASY | 0.29% | Tractor Supply Company | TSCO | 0.29% | Watsco, Inc. | WSO | 0.29% | United Therapeutics Corporation | UTHR | 0.29% | lululemon athletica inc. | LULU | 0.29% | AptarGroup, Inc. | ATR | 0.28% | Toll Brothers, Inc. | TOL | 0.28% | Applied Industrial Technologies, Inc. | AIT | 0.28% | Steel Dynamics, Inc. | STLD | 0.28% | Erie Indemnity Company | ERIE | 0.28% | PBF Energy Inc. | PBF | 0.28% | Murphy USA Inc. | MUSA | 0.28% | Tradeweb Markets Inc. (Class A) | TW | 0.28% | Arrow Electronics, Inc. | ARW | 0.27% | Insight Enterprises, Inc. | NSIT | 0.27% | Chord Energy Corporation | CHRD | 0.27% | KB Home | KBH | 0.26% | Affiliated Managers Group, Inc. | AMG | 0.26% | Commercial Metals Company | CMC | 0.26% | Taylor Morrison Home Corporation | TMHC | 0.26% | MGIC Investment Corporation | MTG | 0.25% | Gentex Corporation | GNTX | 0.25% | Neurocrine Biosciences, Inc. | NBIX | 0.25% | PulteGroup, Inc. | PHM | 0.25% | Coterra Energy Inc. | CTRA | 0.25% | Southwestern Energy Company | SWN | 0.25% | EQT Corporation | EQT | 0.25% | Coca-Cola Consolidated Inc. | co*kE | 0.25% | Reliance Inc. | RS | 0.25% | The Ensign Group, Inc. | ENSG | 0.25% | Boise Cascade Company | BCC | 0.25% | Science Applications International Corporation | SAIC | 0.25% | HF Sinclair Corp. | DINO | 0.25% | Harley-Davidson, Inc. | HOG | 0.24% | The New York Times Company (Class A) | NYT | 0.24% | Watts Water Technologies, Inc. | WTS | 0.24% | F.N.B. Corporation | FNB | 0.24% | East West Bancorp, Inc. | EWBC | 0.24% | Atmos Energy Corporation | ATO | 0.23% | Meritage Homes Corporation | MTH | 0.23% | NewMarket Corporation | NEU | 0.23% | South State Corporation | SSB | 0.22% | The Mosaic Company | MOS | 0.22% | United Bankshares, Inc. | UBSI | 0.21% | Molina Healthcare, Inc. | MOH | 0.21% | Knight-Swift Transportation Holdings Inc. | KNX | 0.20% | Viatris Inc. | VTRS | 0.20% | Tidewater Inc. | TDW | 0.19% | Alpha Metallurgical Resources, Inc. | AMR | 0.19% | Abercrombie & Fitch Co. (Class A) | ANF | 0.18% | Dycom Industries, Inc. | DY | 0.18% | Qualys, Inc. | QLYS | 0.18% | Sanmina Corporation | SANM | 0.16% | Cabot Corporation | CBT | 0.16% | Badger Meter, Inc. | BMI | 0.16% | CNX Resources Corporation | CNX | 0.15% | Encore Wire Corporation | WIRE | 0.15% | CBIZ, Inc. | CBZ | 0.15% | CSW Industrials, Inc. | CSWI | 0.15% | Avnet, Inc. | AVT | 0.14% | Comstock Resources, Inc. | CRK | 0.14% | Heartland Financial USA, Inc. | HTLF | 0.14% | CorVel Corporation | CRVL | 0.14% | Grand Canyon Education, Inc. | LOPE | 0.14% | Otter Tail Corporation | OTTR | 0.13% | Graham Holdings Company | GHC | 0.13% | Brady Corporation | BRC | 0.13% | American Eagle Outfitters, Inc. | AEO | 0.13% | Plexus Corp. | PLXS | 0.13% | Columbia Sportswear Company | COLM | 0.13% | Helmerich & Payne, Inc. | HP | 0.13% | InterDigital, Inc. | IDCC | 0.13% | Cal-Maine Foods, Inc. | CALM | 0.13% | Innospec Inc. | IOSP | 0.13% | Matson, Inc. | MATX | 0.13% | Tri Pointe Homes, Inc. | TPH | 0.13% | Weis Markets, Inc. | WMK | 0.12% | Hub Group, Inc. | HUBG | 0.12% | RPC, Inc. | RES | 0.12% | Rush Enterprises, Inc. (Class A) | RUSHA | 0.12% | CVR Energy, Inc. | CVI | 0.12% | ACADIA Pharmaceuticals Inc. | ACAD | 0.12% | ServisFirst Bancshares, Inc. | SFBS | 0.12% | Acushnet Holdings Corp. | GOLF | 0.12% | Peabody Energy Corporation | BTU | 0.12% | CONSOL Energy Inc. | CEIX | 0.12% | CarGurus, Inc. | CARG | 0.12% | TEGNA Inc. | TGNA | 0.11% | First Merchants Corporation | FRME | 0.11% | ArcBest Corporation | ARCB | 0.11% | M/I Homes, Inc. | MHO | 0.11% | La-Z-Boy Incorporated | LZB | 0.11% | Materion Corporation | MTRN | 0.11% | ONE Gas, Inc. | OGS | 0.11% | Arch Resources Inc. | ARCH | 0.11% | Schneider National, Inc. (Class B) | SNDR | 0.11% | The Simply Good Foods Company | SMPL | 0.11% | WaFd Inc | WAFD | 0.10% | Photronics, Inc. | PLAB | 0.10% | Cathay General Bancorp | CATY | 0.10% | CVB Financial Corp. | CVBF | 0.10% | Ingles Markets, Incorporated | IMKTA | 0.10% | Yelp Inc. | YELP | 0.10% | Premier, Inc. (Class A) | PINC | 0.10% | Grocery Outlet Holding Corp. | GO | 0.10% | Academy Sports and Outdoors, Inc. | ASO | 0.10% | Hawaiian Electric Industries, Inc. | HE | 0.09% | Universal Corporation | UVV | 0.09% | Independent Bank Corp. | INDB | 0.09% | Cogent Communications Holdings, Inc. | CCOI | 0.09% | | | Total Number of Holdings:235 | | Underlying Securities information represented above is as of 05/24/2024 but will vary with future fluctuations in the market. | Deferred Sales Charge Schedule Amount | Date | $0.04500 | April 19, 2024 | $0.04500 | May 20, 2024 | $0.04500 | June 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. 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. REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession. 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. 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. | Fund Cusip Information | 30334H387 | (Cash) | 30334H395 | (Reinvest) | 30334H403 | (Cash-Fee) | 30334H411 | (Reinvest-Fee) | | Printer Friendly Page |