Covered Call Select Closed-End Portfolio, Series 104
Ticker Symbol: FGFIPX

18 Holdings (As of Day of Deposit)
Ticker Name Initial
Weight
Price*
Closed-End Funds (100.00%)
General Equity Funds (26.50%)
BDJ BlackRock Enhanced Equity Dividend Trust 7.50% $8.42
EOI Eaton Vance Enhanced Equity Income Fund 4.00% 19.10
EOS Eaton Vance Enhanced Equity Income Fund II 4.00% 20.94
ETB Eaton Vance Tax-Managed Buy-Write Income Fund 3.50% 14.01
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund 3.50% 13.21
ETY Eaton Vance Tax-Managed Diversified Equity Income Fund 4.00% 13.97
Specialized Equity Funds (58.00%)
CII BlackRock Enhanced Capital and Income Fund, Inc. 7.50% 19.05
BST BlackRock Science & Technology Trust 7.50% 33.56
STK Columbia Seligman Premium Technology Growth Fund, Inc. 8.00% 31.22
ETJ Eaton Vance Risk-Managed Diversified Equity Income Fund 3.50% 8.98
HEQ John Hancock Hedged Equity & Income Fund 2.50% 10.85
DIAX Nuveen Dow 30 Dynamic Overwrite Fund 8.00% 14.69
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund 8.00% 24.23
BXMX Nuveen S&P 500 Buy-Write Income Fund 8.00% 13.40
SPXX Nuveen S&P 500 Dynamic Overwrite Fund 5.00% 16.41
World Equity Funds (15.50%)
BOE BlackRock Enhanced Global Dividend Trust 7.50% 10.95
ETW Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund 4.00% 8.20
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund 4.00% 8.26

* As of the close of business on 9/10/24.
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 Date of Deposit 9/11/2024
Initial Public Offering Price $10.00 per Unit
Portfolio Ending Date 9/11/2026
Historical 12-Month Distribution Rate of Trust Holdings:* 6.98%
Historical 12-Month Distribution Per Unit:* $0.6975
Cash CUSIP 30338H326
Reinvestment CUSIP 30338H334
Fee Accounts Cash CUSIP 30338H342
Fee Accounts Reinvestment CUSIP 30338H359

*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 0.510% 0.510%
     
Operating Expenses 0.218% 0.218%
Acquired Fund Fees and Expenses^ 0.997% 0.997%
Total Estimated Annual Trust Operating Expenses 1.215% 1.215%

^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 12/20/24. 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 closed-end funds which invest in common stocks and options.

Closed-end funds 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 the funds 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, closed-end funds frequently trade at a discount to their net asset value in the secondary market.

Common stocks are subject to 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.

Options are subject to various risks including that their value may be adversely affected if the market for the option becomes less liquid or smaller. In addition, options will be affected by changes in the value and dividend rates of the stock subject to the option, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the common stock and the remaining time to expiration.

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.

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.

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.

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.

For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.

 

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