Balanced Income Equity
and ETF Portfolio, Series 70
Ticker Symbol: FRSPAX
30 Holdings (As of Day of Deposit) |
Ticker |
Name |
Initial
Weight |
Price* |
Common Stocks (49.99%) |
Communication Services (3.31%) |
OMC |
Omnicom Group Inc. |
3.31% |
$95.48 |
Consumer Discretionary (6.63%) |
BBY |
Best Buy Co., Inc. |
3.33% |
85.48 |
HD |
The Home Depot, Inc. |
3.30% |
361.67 |
Consumer Staples (3.33%) |
BTI |
British American Tobacco Plc |
3.33% |
35.52 |
Energy (6.67%) |
SHEL |
Shell Plc |
3.32% |
71.84 |
VLO |
Valero Energy Corporation |
3.35% |
157.45 |
Financials (6.62%) |
C |
Citigroup Inc. |
3.32% |
64.30 |
GS |
The Goldman Sachs Group, Inc. |
3.30% |
492.72 |
Health Care (6.66%) |
ABBV |
AbbVie Inc. |
3.32% |
181.94 |
MRK |
Merck & Co., Inc. |
3.34% |
127.78 |
Industrials (3.37%) |
CMI |
Cummins Inc. |
3.37% |
291.20 |
Information Technology (6.71%) |
HPQ |
HP Inc. |
3.34% |
36.13 |
QCOM |
QUALCOMM Incorporated |
3.37% |
178.64 |
Materials (3.35%) |
RIO |
Rio Tinto Plc |
3.35% |
64.70 |
Utilities (3.34%) |
ETR |
Entergy Corporation |
3.34% |
114.36 |
ETFs (50.01%) |
High-Yield Bond Funds (16.68%) |
FLHY |
Franklin High Yield Corporate ETF |
3.33% |
24.02 |
USHY |
iShares Broad USD High Yield Corporate Bond ETF |
3.33% |
36.75 |
HYS |
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund |
3.36% |
93.57 |
SJNK |
SPDR Bloomberg Short Term High Yield Bond ETF |
3.33% |
25.20 |
SPHY |
SPDR Portfolio High Yield Bond ETF |
3.33% |
23.49 |
Investment Grade Bond Funds (16.66%) |
SCHI |
Schwab 5-10 Year Corporate Bond ETF |
3.32% |
44.78 |
FLRN |
SPDR Bloomberg Investment Grade Floating Rate ETF |
3.34% |
30.84 |
SPBO |
SPDR Portfolio Corporate Bond ETF |
3.33% |
29.10 |
FLTR |
VanEck IG Floating Rate ETF |
3.33% |
25.49 |
VCLT |
Vanguard Long-Term Corporate Bond ETF |
3.34% |
77.27 |
World Income Funds (16.67%) |
PCY |
Invesco Emerging Markets Sovereign Debt ETF |
3.34% |
20.33 |
JPIB |
JPMorgan International Bond Opportunities ETF |
3.33% |
47.66 |
EBND |
SPDR Bloomberg Emerging Markets Local Bond ETF |
3.33% |
20.13 |
EMLC |
VanEck J.P. Morgan EM Local Currency Bond ETF |
3.34% |
24.07 |
BNDX |
Vanguard Total International Bond ETF |
3.33% |
49.36 |
* As of the close of business on 7/29/24.
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 Date of Deposit |
7/30/2024 |
Initial Public Offering Price |
$10.00 per Unit |
Portfolio Ending Date |
7/30/2026 |
Historical 12-Month Distribution Rate of Trust Holdings* |
4.31% |
Historical 12-Month Distribution Per Unit* |
$0.4306 |
Cash CUSIP |
30337F701 |
Reinvestment CUSIP |
30337F719 |
Fee Account Cash CUSIP |
30337F727 |
Fee Account Reinvestment CUSIP |
30337F735 |
*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 |
2.25% |
— |
Creation & Development Fee (C&D Fee) |
0.50% |
0.50% |
Maximum Sales Charge |
2.75% |
0.50% |
|
|
|
Estimated Organization Costs |
0.230% |
0.230% |
|
|
|
Operating Expenses |
0.218% |
0.218% |
Acquired Fund Fees and Expenses^ |
0.124% |
0.124% |
Total Estimated Annual Trust Operating Expenses |
0.342% |
0.342% |
^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 11/20/24. 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 objectives, 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 this unmanaged unit investment trust should be made
with an understanding of the risks involved with an investment in a portfolio of common stocks and 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 security market or
investors’ perception thereof, possible downgrades and defaults of interest and/or principal.
Certain of the funds invest in limited duration bonds. Limited duration bonds are subject to interest rate risk, which is the risk that the value of a security will fall if interest rates increase. While limited duration bonds are
generally subject to less interest rate sensitivity than longer duration bonds, there can be no assurance that interest rates will not rise during the life of the trust.
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. Risks associated with investing in non-U.S.
securities may be more pronounced in emerging and developing markets where the securities markets
are substantially smaller, less developed, less liquid, less regulated, and more volatile than the U.S. and
developed non-U.S. markets.
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.