40/60 Strategic Allocation Portfolio, 2nd Quarter 2024 Series
Ticker Symbol: FXQQKX
Holdings (As of Day of Deposit) |
Ticker |
Company Name |
Initial
Weight |
Price* |
Large-Cap Growth Stocks |
A |
Agilent Technologies, Inc. |
0.33% |
$144.16 |
GOOGL |
Alphabet Inc. |
0.33% |
156.14 |
MO |
Altria Group, Inc. |
0.33% |
41.68 |
AMZN |
Amazon.com, Inc. |
0.33% |
185.95 |
AMAT |
Applied Materials, Inc. |
0.33% |
209.25 |
ANET |
Arista Networks, Inc. |
0.33% |
288.22 |
CAH |
Cardinal Health, Inc. |
0.33% |
107.94 |
CAT |
Caterpillar Inc. |
0.34% |
372.07 |
COR |
Cencora Inc. |
0.33% |
237.80 |
LNG |
Cheniere Energy, Inc. |
0.33% |
158.06 |
COST |
Costco Wholesale Corporation |
0.34% |
722.58 |
DELL |
Dell Technologies Inc. |
0.33% |
123.37 |
DASH |
DoorDash, Inc. |
0.34% |
137.18 |
FAST |
Fastenal Company |
0.33% |
74.74 |
GE |
General Electric Company |
0.33% |
156.61 |
HSY |
The Hershey Company |
0.33% |
192.03 |
HWM |
Howmet Aerospace Inc. |
0.33% |
65.25 |
IBM |
International Business Machines Corporation |
0.33% |
186.04 |
MSFT |
Microsoft Corporation |
0.34% |
423.26 |
MSI |
Motorola Solutions, Inc. |
0.33% |
347.45 |
PEP |
PepsiCo, Inc. |
0.33% |
168.95 |
PGR |
The Progressive Corporation |
0.33% |
206.15 |
PWR |
Quanta Services, Inc. |
0.34% |
254.30 |
RSG |
Republic Services, Inc. |
0.33% |
189.69 |
RMD |
ResMed Inc. |
0.34% |
193.80 |
ROST |
Ross Stores, Inc. |
0.33% |
138.29 |
TGT |
Target Corporation |
0.33% |
171.62 |
TSCO |
Tractor Supply Company |
0.33% |
253.30 |
VRTX |
Vertex Pharmaceuticals Incorporated |
0.34% |
397.58 |
WMT |
Walmart Inc. |
0.33% |
60.62 |
Large-Cap Value Stocks |
AFL |
Aflac Incorporated |
0.33% |
82.92 |
AME |
AMETEK, Inc. |
0.33% |
179.75 |
ADM |
Archer-Daniels-Midland Company |
0.34% |
63.89 |
BRK/B |
Berkshire Hathaway Inc. |
0.34% |
409.11 |
CVX |
Chevron Corporation |
0.33% |
162.67 |
CSCO |
Cisco Systems, Inc. |
0.33% |
49.21 |
CME |
CME Group Inc. |
0.33% |
212.00 |
CTSH |
Cognizant Technology Solutions Corporation |
0.33% |
69.97 |
COP |
ConocoPhillips |
0.33% |
132.82 |
ED |
Consolidated Edison, Inc. |
0.33% |
88.89 |
CTVA |
Corteva Inc. |
0.33% |
57.16 |
DHI |
D.R. Horton, Inc. |
0.33% |
148.25 |
DE |
Deere & Company |
0.34% |
411.97 |
FANG |
Diamondback Energy, Inc. |
0.33% |
206.23 |
EOG |
EOG Resources, Inc. |
0.33% |
137.95 |
XOM |
Exxon Mobil Corporation |
0.33% |
122.20 |
FDX |
FedEx Corporation |
0.33% |
270.30 |
GIS |
General Mills, Inc. |
0.33% |
68.85 |
GM |
General Motors Company |
0.33% |
43.94 |
HIG |
The Hartford Financial Services Group, Inc. |
0.34% |
99.31 |
KDP |
Keurig Dr Pepper Inc. |
0.33% |
30.65 |
KHC |
The Kraft Heinz Company |
0.33% |
36.82 |
LEN |
Lennar Corporation |
0.33% |
156.43 |
NUE |
Nucor Corporation |
0.34% |
198.18 |
PCAR |
PACCAR Inc |
0.33% |
118.69 |
REGN |
Regeneron Pharmaceuticals, Inc. |
0.33% |
936.20 |
TRV |
The Travelers Companies, Inc. |
0.33% |
224.38 |
VLO |
Valero Energy Corporation |
0.33% |
175.70 |
WAB |
Wabtec Corporation |
0.33% |
147.54 |
XEL |
Xcel Energy Inc. |
0.33% |
53.75 |
Mid-Cap Growth Stocks |
AAON |
AAON, Inc. |
0.13% |
87.86 |
ANF |
Abercrombie & Fitch Co. |
0.13% |
114.33 |
AYI |
Acuity Brands, Inc. |
0.13% |
266.01 |
BJ |
BJ’s Wholesale Club Holdings, Inc. |
0.13% |
79.40 |
BRKR |
Bruker Corporation |
0.13% |
88.53 |
CBT |
Cabot Corporation |
0.13% |
96.60 |
CASY |
Casey’s General Stores, Inc. |
0.14% |
312.33 |
CHWY |
Chewy, Inc. |
0.14% |
17.40 |
COKE |
Coca-Cola Consolidated Inc. |
0.13% |
810.40 |
FIX |
Comfort Systems USA, Inc. |
0.13% |
303.76 |
DECK |
Deckers Outdoor Corporation |
0.13% |
810.13 |
DOCU |
DocuSign, Inc. |
0.13% |
59.25 |
EXP |
Eagle Materials Inc. |
0.13% |
253.12 |
EME |
EMCOR Group, Inc. |
0.13% |
350.06 |
ERIE |
Erie Indemnity Company |
0.13% |
393.36 |
FCN |
FTI Consulting, Inc. |
0.13% |
207.28 |
GNTX |
Gentex Corporation |
0.13% |
35.18 |
JBL |
Jabil Inc. |
0.13% |
136.36 |
LW |
Lamb Weston Holdings, Inc. |
0.14% |
79.86 |
MEDP |
Medpace Holdings, Inc. |
0.13% |
397.72 |
MOH |
Molina Healthcare, Inc. |
0.13% |
377.15 |
NYT |
The New York Times Company |
0.13% |
43.54 |
NEU |
NewMarket Corporation |
0.13% |
600.39 |
QLYS |
Qualys, Inc. |
0.14% |
165.40 |
SAIC |
Science Applications International Corporation |
0.13% |
126.34 |
SFM |
Sprouts Farmers Market, Inc. |
0.13% |
63.99 |
TXRH |
Texas Roadhouse, Inc. |
0.13% |
149.41 |
TW |
Tradeweb Markets Inc. |
0.13% |
103.18 |
ULTA |
Ulta Beauty, Inc. |
0.14% |
450.95 |
VST |
Vistra Corp. |
0.13% |
70.76 |
Mid-Cap Value Stocks |
AMG |
Affiliated Managers Group, Inc. |
0.13% |
166.74 |
AGCO |
AGCO Corporation |
0.13% |
125.37 |
ARW |
Arrow Electronics, Inc. |
0.13% |
126.28 |
CHK |
Chesapeake Energy Corporation |
0.13% |
90.00 |
CHRD |
Chord Energy Corporation |
0.13% |
186.88 |
CINF |
Cincinnati Financial Corporation |
0.13% |
120.84 |
CMC |
Commercial Metals Company |
0.13% |
57.22 |
CTRA |
Coterra Energy Inc. |
0.13% |
28.18 |
EQT |
EQT Corporation |
0.13% |
37.71 |
FMC |
FMC Corporation |
0.13% |
62.22 |
HOG |
Harley-Davidson, Inc. |
0.13% |
41.34 |
HPE |
Hewlett Packard Enterprise Company |
0.13% |
18.00 |
DINO |
HF Sinclair Corp. |
0.13% |
60.81 |
INGR |
Ingredion Incorporated |
0.13% |
112.88 |
KBH |
KB Home |
0.13% |
63.75 |
LBRDK |
Liberty Broadband Corporation |
0.13% |
49.50 |
MTH |
Meritage Homes Corporation |
0.13% |
156.17 |
MTG |
MGIC Investment Corporation |
0.13% |
19.82 |
TAP |
Molson Coors Beverage Company |
0.13% |
67.46 |
MOS |
The Mosaic Company |
0.13% |
32.68 |
MLI |
Mueller Industries, Inc. |
0.13% |
51.71 |
PBF |
PBF Energy Inc. |
0.13% |
59.07 |
PHM |
PulteGroup, Inc. |
0.13% |
109.40 |
RS |
Reliance Inc. |
0.14% |
332.01 |
SNA |
Snap-on Incorporated |
0.14% |
292.08 |
STLD |
Steel Dynamics, Inc. |
0.13% |
144.65 |
TMHC |
Taylor Morrison Home Corporation |
0.13% |
56.30 |
TOL |
Toll Brothers, Inc. |
0.13% |
118.58 |
UTHR |
United Therapeutics Corporation |
0.13% |
237.79 |
UNM |
Unum Group |
0.13% |
51.09 |
Small-Cap Growth Stocks |
ASO |
Academy Sports and Outdoors, Inc. |
0.07% |
60.14 |
ACAD |
ACADIA Pharmaceuticals Inc. |
0.07% |
17.73 |
ACIW |
ACI Worldwide, Inc. |
0.07% |
33.06 |
ALG |
Alamo Group Inc. |
0.06% |
215.09 |
AMR |
Alpha Metallurgical Resources, Inc. |
0.07% |
321.42 |
AEO |
American Eagle Outfitters, Inc. |
0.07% |
23.51 |
AMK |
AssetMark Financial Holdings, Inc. |
0.07% |
36.05 |
BMI |
Badger Meter, Inc. |
0.07% |
153.97 |
CCOI |
Cogent Communications Holdings, Inc. |
0.07% |
64.57 |
COLM |
Columbia Sportswear Company |
0.07% |
75.28 |
CRVL |
CorVel Corporation |
0.06% |
233.39 |
CVI |
CVR Energy, Inc. |
0.07% |
35.03 |
DY |
Dycom Industries, Inc. |
0.07% |
137.56 |
WIRE |
Encore Wire Corporation |
0.06% |
258.30 |
LOPE |
Grand Canyon Education, Inc. |
0.07% |
132.34 |
GRBK |
Green Brick Partners, Inc. |
0.07% |
56.09 |
GO |
Grocery Outlet Holding Corp. |
0.07% |
27.27 |
HIMS |
Hims & Hers Health, Inc. |
0.07% |
14.55 |
IESC |
IES Holdings, Inc. |
0.06% |
123.72 |
IOSP |
Innospec Inc. |
0.07% |
122.18 |
LBRT |
Liberty Energy Inc. |
0.07% |
22.59 |
MGEE |
MGE Energy, Inc. |
0.07% |
75.54 |
MYRG |
MYR Group Inc. |
0.06% |
168.43 |
NSA |
National Storage Affiliates Trust |
0.07% |
37.47 |
OSCR |
Oscar Health, Inc. |
0.07% |
14.94 |
OTTR |
Otter Tail Corporation |
0.07% |
82.89 |
PLXS |
Plexus Corp. |
0.07% |
95.68 |
PSMT |
PriceSmart, Inc. |
0.07% |
80.53 |
RUSHA |
Rush Enterprises, Inc. |
0.07% |
51.14 |
LRN |
Stride Inc. |
0.07% |
60.03 |
Small-Cap Value Stocks |
ANDE |
The Andersons, Inc. |
0.07% |
57.30 |
ARCH |
Arch Resources Inc. |
0.07% |
157.07 |
AVT |
Avnet, Inc. |
0.07% |
47.93 |
BKH |
Black Hills Corporation |
0.07% |
52.29 |
CALM |
Cal-Maine Foods, Inc. |
0.07% |
61.51 |
CNX |
CNX Resources Corporation |
0.07% |
24.62 |
CVBF |
CVB Financial Corp. |
0.07% |
16.25 |
FFBC |
First Financial Bancorp. |
0.07% |
21.12 |
GHC |
Graham Holdings Company |
0.06% |
738.71 |
HP |
Helmerich & Payne, Inc. |
0.07% |
43.00 |
HUBG |
Hub Group, Inc. |
0.07% |
41.35 |
INDB |
Independent Bank Corp. |
0.07% |
47.49 |
IBOC |
International Bancshares Corporation |
0.07% |
53.23 |
MATX |
Matson, Inc. |
0.07% |
108.85 |
NFG |
National Fuel Gas Company |
0.07% |
53.41 |
NMIH |
NMI Holdings, Inc. |
0.07% |
29.84 |
OGS |
ONE Gas, Inc. |
0.07% |
62.91 |
PTEN |
Patterson-UTI Energy, Inc. |
0.07% |
12.11 |
BTU |
Peabody Energy Corporation |
0.07% |
23.57 |
PLAB |
Photronics, Inc. |
0.07% |
28.01 |
PINC |
Premier, Inc. |
0.07% |
21.12 |
RDN |
Radian Group Inc. |
0.07% |
30.00 |
RES |
RPC, Inc. |
0.07% |
8.04 |
SANM |
Sanmina Corporation |
0.07% |
58.45 |
SNDR |
Schneider National, Inc. |
0.07% |
21.92 |
TGNA |
TEGNA Inc. |
0.07% |
13.79 |
TPH |
Tri Pointe Homes, Inc. |
0.07% |
35.69 |
VSH |
Vishay Intertechnology, Inc. |
0.07% |
21.74 |
VTLE |
Vital Energy Inc. |
0.07% |
57.15 |
HCC |
Warrior Met Coal, Inc. |
0.07% |
61.74 |
International Stocks |
AIQUY |
Air Liquide S.A. |
0.27% |
40.17 |
BP |
BP Plc |
0.27% |
39.42 |
CNQ |
Canadian Natural Resources Limited |
0.27% |
82.32 |
CB |
Chubb Limited |
0.27% |
248.00 |
CHGCY |
Chugai Pharmaceutical Co., Ltd. |
0.27% |
16.94 |
DSNKY |
Daiichi Sankyo Company, Limited |
0.27% |
29.43 |
DBSDY |
DBS Group Holdings Ltd. |
0.27% |
105.31 |
EQNR |
Equinor ASA |
0.27% |
28.08 |
HTHIY |
Hitachi, Ltd. |
0.27% |
183.35 |
HSBC |
HSBC Holdings Plc |
0.27% |
41.81 |
IBDRY |
Iberdrola S.A. |
0.27% |
47.50 |
IDEXY |
Industria de Diseno Textil, S.A. |
0.27% |
23.44 |
ITOCY |
Itochu Corp. |
0.27% |
88.34 |
KDDIY |
KDDI Corporation |
0.26% |
13.78 |
LRLCY |
L’Oreal S.A. |
0.27% |
88.86 |
LIN |
Linde Plc |
0.26% |
450.49 |
MBGYY |
Mercedes-Benz Group AG |
0.27% |
20.37 |
MITSY |
Mitsui & Co., Ltd. |
0.26% |
949.80 |
MURGY |
Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) |
0.27% |
45.08 |
NTDOY |
Nintendo Co., Ltd. |
0.27% |
12.63 |
NTTYY |
Nippon Telegraph and Telephone Corporation |
0.27% |
28.54 |
NVO |
Novo Nordisk A/S |
0.27% |
124.93 |
PROSY |
Prosus N.V. |
0.27% |
6.44 |
RIO |
Rio Tinto Plc |
0.27% |
66.51 |
SHEL |
Shell Plc |
0.27% |
72.65 |
STLA |
Stellantis N.V. |
0.27% |
26.95 |
TKOMY |
Tokio Marine Holdings, Inc. |
0.27% |
31.05 |
TTE |
TotalEnergies SE |
0.27% |
73.36 |
TM |
Toyota Motor Corporation |
0.27% |
244.79 |
VWAGY |
Volkswagen AG |
0.27% |
15.72 |
Exchange-Traded Funds |
FTSL |
First Trust Senior Loan Fund |
2.40% |
46.22 |
HYLS |
First Trust Tactical High Yield ETF |
2.40% |
40.67 |
PCY |
Invesco Emerging Markets Sovereign Debt ETF |
2.40% |
20.19 |
PGX |
Invesco Preferred ETF |
2.40% |
11.65 |
BKLN |
Invesco Senior Loan ETF |
2.40% |
21.11 |
SHYG |
iShares 0-5 Year High Yield Corporate Bond ETF |
2.40% |
41.99 |
IGLB |
iShares 10+ Year Investment Grade Corporate Bond ETF |
2.40% |
49.70 |
TLH |
iShares 10-20 Year Treasury Bond ETF |
2.40% |
100.66 |
USHY |
iShares Broad USD High Yield Corporate Bond ETF |
2.40% |
35.98 |
USIG |
iShares Broad USD Investment Grade Corporate Bond ETF |
2.40% |
49.68 |
LQD |
iShares iBoxx $ Investment Grade Corporate Bond ETF |
2.40% |
106.04 |
MBB |
iShares MBS ETF |
2.40% |
90.10 |
JMBS |
Janus Henderson Mortgage-Backed Securities ETF |
2.40% |
43.96 |
HYS |
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund |
2.40% |
92.27 |
SCHI |
Schwab 5-10 Year Corporate Bond ETF |
2.40% |
43.52 |
SRLN |
SPDR Blackstone Senior Loan ETF |
2.40% |
41.80 |
SJNK |
SPDR Bloomberg Short Term High Yield Bond ETF |
2.40% |
24.88 |
SPBO |
SPDR Portfolio Corporate Bond ETF |
2.40% |
28.45 |
SPHY |
SPDR Portfolio High Yield Bond ETF |
2.40% |
23.07 |
SPLB |
SPDR Portfolio Long Term Corporate Bond ETF |
2.40% |
22.42 |
SPMB |
SPDR Portfolio Mortgage Backed Bond ETF |
2.40% |
21.17 |
SPSB |
SPDR Portfolio Short Term Corporate Bond ETF |
2.40% |
29.53 |
FLTR |
VanEck IG Floating Rate ETF |
2.40% |
25.41 |
VMBS |
Vanguard Mortgage-Backed Securities ETF |
2.40% |
44.48 |
BNDX |
Vanguard Total International Bond ETF |
2.40% |
48.73 |
* As of the close of business on 4/10/24.
Market values are for reference only and are not indicative of your individual
cost basis.
Not FDIC Insured Not Bank Guaranteed May Lose Value |
Portfolio Summary |
Initial Offering Date |
4/11/2024 |
Initial Public Offering Price |
$10.00 per Unit |
Portfolio Ending Date |
7/16/2025 |
Historical 12-Month Distribution Rate of Trust Holdings:* |
3.84% |
Historical 12-Month Distribution Per Unit:* |
$0.3838 |
Cash CUSIP |
30335F364 |
Reinvestment CUSIP |
30335F372 |
Fee Accounts Cash CUSIP |
30335F380 |
Fee Accounts Reinvestment CUSIP |
30335F398 |
*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 12-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. Distributions may include realized short
term capital gains, realized long-term capital gains and/or return of capital. Certain of the issuers may have
reduced their dividends or distributions over the prior 12 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.
Sales Charges (based on a $10 public offering
price) |
Standard Accounts |
Transactional Sales Charges |
Initial: |
0.00% |
|
Deferred: |
1.35% |
Creation & Development Fee (C&D Fee) |
|
0.50% |
Maximum Sales Charge |
|
1.85% |
Fee/Wrap Accounts |
Maximum Sales Charge |
|
0.50% |
The deferred sales charge will be deducted in three monthly installments commencing 7/19/24. When the
public offering price is less than or equal to $10.00 per unit, there will be no initial sales charge. If the price
exceeds $10.00 per unit, you will pay an initial sales charge. The maximum sales charge for investors in fee
accounts consists of the C&D fee. Investors in fee accounts are not assessed any transactional sales charges.
Standard accounts sales charges apply to units purchased as an ineligible asset. The C&D fee is a charge of
$0.050 per unit collected at the end of the initial offering period. If the price you pay exceeds $10.00 per
unit, the C&D fee will be less than 0.50%; if the price you pay is less than $10.00 per unit, the C&D fee will
exceed 0.50%. In addition to the sales charges listed, UITs are subject to annual operating expenses and
organization costs.
You should consider the portfolio's investment objective, risks, and
charges and expenses carefully 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 portfolio. Read it carefully
before you invest.
Risk Considerations
An investment in these unmanaged unit investment trusts should be made with
an understanding of the risks involved with an investment in a portfolio of
common stocks and/or exchange-traded funds (ETFs).
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.
Common stocks are 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.
Certain of the funds invest in high-yield securities or “junk” bonds. 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.
All of the funds invest in investment grade securities. Investment grade securities are subject to numerous
risks including higher interest rates, economic recession, deterioration of the investment grade market or
investors’ perception thereof, possible downgrades and defaults of interest and/or principal.
Certain of the funds invest in mortgage-backed securities. 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.
Certain of the funds invest in senior loans. 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.
Certain of the funds invest in covenant-lite loans which contain fewer or no maintenance covenants and may
hinder the ETF’s ability to reprice credit risk and mitigate potential loss especially during a downturn in the
credit cycle.
Certain of the fundss invest in U.S. Treasury
obligations which are subject to numerous
risks including higher interest rates, economic
recession and deterioration of the bond
market or investors’ perceptions thereof.
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.
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.
Large capitalization companies may grow at a slower rate than the overall market.
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.
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.
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.
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.
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.
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.
For a discussion of additional risks of investing in the trust see the "Risk Factors"
section of the prospectus.