75/25 Strategic Allocation Portfolio, 3rd Quarter 2024 Series
Ticker Symbol: FJOAKX
Holdings (As of Day of Deposit) |
Ticker |
Company Name |
Initial
Weight |
Price* |
Large-Cap Growth Stocks |
GOOGL |
Alphabet Inc. |
0.63% |
$191.18 |
MO |
Altria Group, Inc. |
0.63% |
46.93 |
AMZN |
Amazon.com, Inc. |
0.63% |
199.79 |
APH |
Amphenol Corporation |
0.63% |
70.02 |
CAT |
Caterpillar Inc. |
0.62% |
328.48 |
CMG |
Chipotle Mexican Grill, Inc. |
0.62% |
58.30 |
COST |
Costco Wholesale Corporation |
0.61% |
884.31 |
CPNG |
Coupang, Inc. |
0.62% |
21.37 |
FAST |
Fastenal Company |
0.62% |
63.51 |
HSY |
The Hershey Company |
0.63% |
185.68 |
IBM |
International Business Machines Corporation |
0.63% |
177.84 |
MMC |
Marsh & McLennan Companies, Inc. |
0.63% |
214.87 |
META |
Meta Platforms Inc. |
0.62% |
534.69 |
MSFT |
Microsoft Corporation |
0.63% |
466.25 |
MNST |
Monster Beverage Corporation |
0.63% |
49.85 |
PANW |
Palo Alto Networks, Inc. |
0.62% |
337.06 |
PG |
The Procter & Gamble Company |
0.63% |
166.80 |
PGR |
The Progressive Corporation |
0.62% |
209.99 |
PWR |
Quanta Services, Inc. |
0.62% |
257.87 |
RSG |
Republic Services, Inc. |
0.63% |
196.88 |
RMD |
ResMed Inc. |
0.62% |
192.33 |
ROST |
Ross Stores, Inc. |
0.62% |
148.03 |
SMCI |
Super Micro Computer, Inc. |
0.63% |
899.98 |
TJX |
The TJX Companies, Inc. |
0.62% |
112.97 |
TSCO |
Tractor Supply Company |
0.62% |
259.25 |
VRTX |
Vertex Pharmaceuticals Incorporated |
0.61% |
491.62 |
VST |
Vistra Corp. |
0.62% |
92.31 |
GWW |
W.W. Grainger, Inc. |
0.63% |
903.28 |
WMT |
Walmart Inc. |
0.63% |
70.41 |
WM |
Waste Management, Inc. |
0.63% |
211.18 |
Large-Cap Value Stocks |
AFL |
Aflac Incorporated |
0.63% |
90.21 |
ADM |
Archer-Daniels-Midland Company |
0.62% |
64.23 |
T |
AT&T Inc. |
0.62% |
18.74 |
BRK/B |
Berkshire Hathaway Inc. |
0.63% |
413.79 |
CNC |
Centene Corporation |
0.62% |
66.66 |
CHTR |
Charter Communications, Inc. |
0.63% |
293.95 |
CVX |
Chevron Corporation |
0.62% |
155.13 |
CSCO |
Cisco Systems, Inc. |
0.63% |
46.27 |
CME |
CME Group Inc. |
0.63% |
193.58 |
CTSH |
Cognizant Technology Solutions Corporation |
0.63% |
67.83 |
COP |
ConocoPhillips |
0.63% |
112.53 |
ED |
Consolidated Edison, Inc. |
0.62% |
89.87 |
DHI |
D.R. Horton, Inc. |
0.63% |
139.59 |
DE |
Deere & Company |
0.62% |
351.53 |
FANG |
Diamondback Energy, Inc. |
0.63% |
202.39 |
ELV |
Elevance Health Inc. |
0.62% |
534.59 |
EOG |
EOG Resources, Inc. |
0.63% |
126.22 |
XOM |
Exxon Mobil Corporation |
0.63% |
111.92 |
FDX |
FedEx Corporation |
0.62% |
293.27 |
GM |
General Motors Company |
0.62% |
46.53 |
HIG |
The Hartford Financial Services Group, Inc. |
0.63% |
100.10 |
KDP |
Keurig Dr Pepper Inc. |
0.62% |
31.95 |
KMI |
Kinder Morgan, Inc. |
0.62% |
20.10 |
KHC |
The Kraft Heinz Company |
0.63% |
31.92 |
LEN |
Lennar Corporation |
0.63% |
145.72 |
MDLZ |
Mondelez International, Inc. |
0.63% |
65.93 |
NUE |
Nucor Corporation |
0.62% |
153.36 |
ON |
ON Semiconductor Corporation |
0.62% |
76.59 |
PCAR |
PACCAR Inc |
0.63% |
101.50 |
XEL |
Xcel Energy Inc. |
0.63% |
52.59 |
Mid-Cap Growth Stocks |
AAON |
AAON, Inc. |
0.25% |
85.34 |
ANF |
Abercrombie & Fitch Co. |
0.25% |
174.10 |
AIT |
Applied Industrial Technologies, Inc. |
0.25% |
185.89 |
ATR |
AptarGroup, Inc. |
0.25% |
141.29 |
BMI |
Badger Meter, Inc. |
0.25% |
188.54 |
BJ |
BJ’s Wholesale Club Holdings, Inc. |
0.25% |
89.63 |
CASY |
Casey’s General Stores, Inc. |
0.25% |
363.56 |
CHWY |
Chewy, Inc. |
0.25% |
25.40 |
CRUS |
Cirrus Logic, Inc. |
0.25% |
136.60 |
FIX |
Comfort Systems USA, Inc. |
0.24% |
309.62 |
CVLT |
Commvault Systems, Inc. |
0.25% |
120.41 |
DECK |
Deckers Outdoor Corporation |
0.25% |
893.37 |
EME |
EMCOR Group, Inc. |
0.24% |
372.76 |
ERIE |
Erie Indemnity Company |
0.25% |
357.94 |
FFIV |
F5 Inc. |
0.25% |
173.01 |
FCN |
FTI Consulting, Inc. |
0.25% |
215.54 |
NSIT |
Insight Enterprises, Inc. |
0.25% |
196.46 |
IBKR |
Interactive Brokers Group, Inc. |
0.25% |
124.82 |
LNTH |
Lantheus Holdings, Inc. |
0.25% |
106.18 |
MEDP |
Medpace Holdings, Inc. |
0.25% |
419.05 |
MOH |
Molina Healthcare, Inc. |
0.25% |
286.95 |
MUSA |
Murphy USA Inc. |
0.26% |
462.90 |
NYT |
The New York Times Company |
0.25% |
52.38 |
QLYS |
Qualys, Inc. |
0.25% |
140.85 |
SAIC |
Science Applications International Corporation |
0.25% |
113.97 |
SFM |
Sprouts Farmers Market, Inc. |
0.25% |
80.44 |
TXRH |
Texas Roadhouse, Inc. |
0.25% |
166.88 |
TDW |
Tidewater Inc. |
0.25% |
93.46 |
TW |
Tradeweb Markets Inc. |
0.25% |
105.05 |
ULTA |
Ulta Beauty, Inc. |
0.26% |
396.03 |
Mid-Cap Value Stocks |
ATO |
Atmos Energy Corporation |
0.25% |
117.01 |
CHK |
Chesapeake Energy Corporation |
0.25% |
83.02 |
CHRD |
Chord Energy Corporation |
0.25% |
168.77 |
CINF |
Cincinnati Financial Corporation |
0.25% |
119.10 |
CNA |
CNA Financial Corporation |
0.25% |
46.19 |
CMC |
Commercial Metals Company |
0.25% |
52.59 |
CTRA |
Coterra Energy Inc. |
0.25% |
26.63 |
EQT |
EQT Corporation |
0.25% |
36.64 |
FMC |
FMC Corporation |
0.25% |
54.85 |
FOXA |
Fox Corporation |
0.25% |
35.32 |
HPE |
Hewlett Packard Enterprise Company |
0.25% |
21.35 |
DINO |
HF Sinclair Corp. |
0.25% |
47.53 |
INCY |
Incyte Corporation |
0.25% |
60.73 |
INGR |
Ingredion Incorporated |
0.25% |
113.27 |
LBRDK |
Liberty Broadband Corporation |
0.25% |
52.68 |
L |
Loews Corporation |
0.25% |
75.65 |
MTB |
M&T Bank Corporation |
0.25% |
152.38 |
MTH |
Meritage Homes Corporation |
0.25% |
160.01 |
MTG |
MGIC Investment Corporation |
0.25% |
21.66 |
TAP |
Molson Coors Beverage Company |
0.25% |
50.43 |
MOS |
The Mosaic Company |
0.25% |
26.83 |
MLI |
Mueller Industries, Inc. |
0.25% |
57.25 |
NFG |
National Fuel Gas Company |
0.25% |
54.51 |
NOV |
NOV Inc. |
0.25% |
17.79 |
PHM |
PulteGroup, Inc. |
0.25% |
107.15 |
RS |
Reliance Inc. |
0.25% |
284.15 |
SNA |
Snap-on Incorporated |
0.25% |
261.40 |
TDY |
Teledyne Technologies Incorporated |
0.25% |
388.70 |
UTHR |
United Therapeutics Corporation |
0.24% |
329.25 |
UNM |
Unum Group |
0.25% |
51.24 |
Small-Cap Growth Stocks |
ACAD |
ACADIA Pharmaceuticals Inc. |
0.12% |
17.11 |
ADMA |
ADMA Biologics, Inc. |
0.12% |
12.00 |
AGYS |
Agilysys, Inc. |
0.12% |
102.67 |
ALKT |
Alkami Technology, Inc. |
0.13% |
29.76 |
AEO |
American Eagle Outfitters, Inc. |
0.12% |
20.17 |
RNA |
Avidity Biosciences, Inc. |
0.12% |
42.53 |
ACLS |
Axcelis Technologies, Inc. |
0.12% |
155.02 |
BRC |
Brady Corporation |
0.13% |
64.54 |
CBT |
Cabot Corporation |
0.13% |
90.31 |
COLM |
Columbia Sportswear Company |
0.13% |
77.55 |
CEIX |
CONSOL Energy Inc. |
0.12% |
98.68 |
CORT |
Corcept Therapeutics Incorporated |
0.12% |
30.62 |
CRVL |
CorVel Corporation |
0.13% |
255.50 |
DY |
Dycom Industries, Inc. |
0.13% |
171.18 |
LOPE |
Grand Canyon Education, Inc. |
0.12% |
139.98 |
HIMS |
Hims & Hers Health, Inc. |
0.13% |
20.21 |
IESC |
IES Holdings, Inc. |
0.13% |
144.77 |
IOSP |
Innospec Inc. |
0.12% |
120.58 |
IDCC |
InterDigital, Inc. |
0.12% |
122.15 |
MGEE |
MGE Energy, Inc. |
0.12% |
76.63 |
OSCR |
Oscar Health, Inc. |
0.13% |
16.39 |
OTTR |
Otter Tail Corporation |
0.13% |
85.48 |
PJT |
PJT Partners Inc. |
0.12% |
110.26 |
PRIM |
Primoris Services Corporation |
0.13% |
49.18 |
STRL |
Sterling Infrastructure Inc. |
0.13% |
113.75 |
LRN |
Stride Inc. |
0.13% |
66.21 |
TEX |
Terex Corporation |
0.13% |
52.11 |
URBN |
Urban Outfitters, Inc. |
0.13% |
44.37 |
VC |
Visteon Corporation |
0.13% |
105.04 |
HCC |
Warrior Met Coal, Inc. |
0.12% |
67.32 |
Small-Cap Value Stocks |
ANDE |
The Andersons, Inc. |
0.12% |
46.58 |
AVA |
Avista Corporation |
0.13% |
34.31 |
AVT |
Avnet, Inc. |
0.12% |
51.63 |
BKH |
Black Hills Corporation |
0.13% |
54.16 |
CALM |
Cal-Maine Foods, Inc. |
0.13% |
63.01 |
CATY |
Cathay General Bancorp |
0.12% |
37.92 |
CNX |
CNX Resources Corporation |
0.13% |
25.56 |
COLB |
Columbia Banking System, Inc. |
0.12% |
20.77 |
CRK |
Comstock Resources, Inc. |
0.12% |
10.34 |
CNXC |
Concentrix Corporation |
0.12% |
66.90 |
CVBF |
CVB Financial Corp. |
0.13% |
17.35 |
EPC |
Edgewell Personal Care Company |
0.12% |
39.53 |
FFBC |
First Financial Bancorp. |
0.12% |
22.43 |
GHC |
Graham Holdings Company |
0.13% |
698.23 |
GPOR |
Gulfport Energy Corporation |
0.13% |
154.03 |
HP |
Helmerich & Payne, Inc. |
0.12% |
36.32 |
HUBG |
Hub Group, Inc. |
0.12% |
41.90 |
IBOC |
International Bancshares Corporation |
0.13% |
57.56 |
LZB |
La-Z-Boy Incorporated |
0.13% |
37.72 |
MHO |
M/I Homes, Inc. |
0.12% |
122.25 |
OGS |
ONE Gas, Inc. |
0.12% |
63.48 |
BTU |
Peabody Energy Corporation |
0.12% |
22.34 |
PLAB |
Photronics, Inc. |
0.13% |
25.80 |
SANM |
Sanmina Corporation |
0.13% |
67.69 |
SNDR |
Schneider National, Inc. |
0.13% |
23.34 |
SR |
Spire Inc. |
0.12% |
59.72 |
TGNA |
TEGNA Inc. |
0.13% |
14.23 |
VSH |
Vishay Intertechnology, Inc. |
0.12% |
22.44 |
WMK |
Weis Markets, Inc. |
0.13% |
62.92 |
WSFS |
WSFS Financial Corporation |
0.13% |
46.89 |
International Stocks |
AIQUY |
Air Liquide S.A. |
0.50% |
35.16 |
CB |
Chubb Limited |
0.50% |
256.32 |
CHGCY |
Chugai Pharmaceutical Co., Ltd. |
0.50% |
19.95 |
DSNKY |
Daiichi Sankyo Company, Limited |
0.50% |
36.90 |
DBSDY |
DBS Group Holdings Ltd. |
0.50% |
113.02 |
EQNR |
Equinor ASA |
0.50% |
26.71 |
HTHIY |
Hitachi, Ltd. |
0.50% |
48.21 |
HSBC |
HSBC Holdings Plc |
0.50% |
43.20 |
IBDRY |
Iberdrola S.A. |
0.50% |
51.13 |
IDEXY |
Industria de Diseno Textil, S.A. |
0.50% |
24.93 |
ITOCY |
Itochu Corp. |
0.50% |
102.23 |
LRLCY |
L’Oreal S.A. |
0.50% |
87.65 |
MBGYY |
Mercedes-Benz Group AG |
0.50% |
17.29 |
MITSY |
Mitsui & Co., Ltd. |
0.50% |
469.66 |
MURGY |
Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) |
0.50% |
50.11 |
NTDOY |
Nintendo Co., Ltd. |
0.50% |
14.00 |
NTTYY |
Nippon Telegraph and Telephone Corporation |
0.50% |
24.59 |
NVS |
Novartis AG |
0.50% |
109.94 |
NVO |
Novo Nordisk A/S |
0.50% |
142.74 |
PDD |
PDD Holdings Inc. |
0.50% |
138.07 |
PROSY |
Prosus N.V. |
0.50% |
7.17 |
RCRUY |
Recruit Holdings Co., Ltd. |
0.50% |
11.80 |
RIO |
Rio Tinto Plc |
0.50% |
67.49 |
SNY |
Sanofi |
0.50% |
51.03 |
SHEL |
Shell Plc |
0.50% |
72.93 |
STLA |
Stellantis N.V. |
0.50% |
20.10 |
SMFG |
Sumitomo Mitsui Financial Group, Inc. |
0.50% |
13.82 |
TKOMY |
Tokio Marine Holdings, Inc. |
0.50% |
41.16 |
TTE |
TotalEnergies SE |
0.50% |
68.14 |
TM |
Toyota Motor Corporation |
0.50% |
205.88 |
Exchange-Traded Funds |
FTSL |
First Trust Senior Loan Fund |
1.00% |
46.05 |
BKLN |
Invesco Senior Loan ETF |
1.00% |
21.11 |
VRP |
Invesco Variable Rate Preferred ETF |
1.00% |
24.03 |
SHYG |
iShares 0-5 Year High Yield Corporate Bond ETF |
1.00% |
42.29 |
IGLB |
iShares 10+ Year Investment Grade Corporate Bond ETF |
1.00% |
50.72 |
USHY |
iShares Broad USD High Yield Corporate Bond ETF |
1.00% |
36.40 |
USIG |
iShares Broad USD Investment Grade Corporate Bond ETF |
1.00% |
50.57 |
HYG |
iShares iBoxx $ High Yield Corporate Bond ETF |
1.00% |
77.50 |
LQD |
iShares iBoxx $ Investment Grade Corporate Bond ETF |
1.00% |
108.19 |
SHV |
iShares Short Treasury Bond ETF |
1.00% |
110.18 |
JMBS |
Janus Henderson Mortgage-Backed Securities ETF |
1.00% |
44.90 |
HYS |
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund |
1.00% |
92.97 |
SCHI |
Schwab 5-10 Year Corporate Bond ETF |
1.00% |
44.42 |
SRLN |
SPDR Blackstone Senior Loan ETF |
1.00% |
41.69 |
JNK |
SPDR Bloomberg Barclays High Yield Bond ETF |
1.00% |
94.61 |
FLRN |
SPDR Bloomberg Investment Grade Floating Rate ETF |
1.00% |
30.76 |
SJNK |
SPDR Bloomberg Short Term High Yield Bond ETF |
1.00% |
24.99 |
SPHY |
SPDR Portfolio High Yield Bond ETF |
1.00% |
23.28 |
SPLB |
SPDR Portfolio Long Term Corporate Bond ETF |
1.00% |
22.86 |
FLTR |
VanEck IG Floating Rate ETF |
1.00% |
25.42 |
EMLC |
VanEck J.P. Morgan EM Local Currency Bond ETF |
1.00% |
24.15 |
VCLT |
Vanguard Long-Term Corporate Bond ETF |
1.00% |
76.88 |
VMBS |
Vanguard Mortgage-Backed Securities ETF |
1.00% |
45.62 |
BNDX |
Vanguard Total International Bond ETF |
1.00% |
48.85 |
USFR |
WisdomTree Floating Rate Treasury Fund |
1.00% |
50.38 |
* As of the close of business on 7/10/24.
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 |
7/11/2024 |
Initial Public Offering Price |
$10.00 per Unit |
Portfolio Ending Date |
10/16/2025 |
Historical 12-Month Distribution Rate of Trust Holdings:* |
2.64% |
Historical 12-Month Distribution Per Unit:* |
$0.2643 |
Cash CUSIP |
30336H484 |
Reinvestment CUSIP |
30336H492 |
Fee Accounts Cash CUSIP |
30336H500 |
Fee Accounts Reinvestment CUSIP |
30336H518 |
*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.
Fee Table (based on a $10 public offering
price per unit) |
|
Standard |
Fee/Wrap |
Deferred Sales Charge |
1.35% |
— |
Creation & Development Fee (C&D Fee) |
0.50% |
0.50% |
Maximum Sales Charge |
1.85% |
0.50% |
|
|
|
Estimated Organization Costs |
0.140% |
0.140% |
|
|
|
Operating Expenses |
0.185% |
0.185% |
Acquired Fund Fees and Expenses^ |
0.067% |
0.067% |
Estimated Annual Trust Operating Expenses |
0.252% |
0.252% |
^Although not actual trust operating expenses, the trust, and therefore unit holders, will indirectly bear
similar operating expenses of the funds in which the trust invests. These expenses are estimated and are
subject to change in the future.
The deferred sales charge will be deducted in three monthly installments commencing 10/18/24. 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 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%.
Estimated organization costs will be deducted from the assets of the trust at the end of the initial offering
period. Estimated organization costs and trust operating expenses are assessed on a fixed dollar amount per
unit basis which, as a percentage of average net assets, will vary over time. Actual expenses may be more or
less than the estimates. Please see “Fee Table” in the trust prospectus for additional information.
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).
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.
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.
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.