FT Moderate Buffer ETF Allocation Portfolio, Series 1
Ticker Symbol: FILLLX
20 Holdings (As of Day of Deposit) |
Ticker |
Company Name |
Initial
Weight |
Price* |
TIED TO SPY | SPDR® S&P 500® ETF TRUST (50%) |
GAPR |
FT Vest U.S. Equity Moderate Buffer ETF - April |
4.17% |
$37.00 |
GAUG |
FT Vest U.S. Equity Moderate Buffer ETF - August |
4.17% |
34.97 |
GDEC |
FT Vest U.S. Equity Moderate Buffer ETF - December |
4.17% |
33.40 |
GFEB |
FT Vest U.S. Equity Moderate Buffer ETF - February |
4.17% |
36.79 |
GJAN |
FT Vest U.S. Equity Moderate Buffer ETF - January |
4.17% |
38.10 |
GJUL |
FT Vest U.S. Equity Moderate Buffer ETF - July |
4.16% |
36.33 |
GJUN |
FT Vest U.S. Equity Moderate Buffer ETF - June |
4.16% |
35.72 |
GMAR |
FT Vest U.S. Equity Moderate Buffer ETF - March |
4.17% |
36.99 |
GMAY |
FT Vest U.S. Equity Moderate Buffer ETF - May |
4.17% |
36.55 |
GNOV |
FT Vest U.S. Equity Moderate Buffer ETF - November |
4.17% |
34.65 |
GOCT |
FT Vest U.S. Equity Moderate Buffer ETF - October |
4.16% |
34.76 |
GSEP |
FT Vest U.S. Equity Moderate Buffer ETF - September |
4.16% |
34.77 |
TIED TO QQQ | INVESCO QQQ TRUSTSM, SERIES 1 (20%) |
QMAG |
FT Vest Nasdaq-100® Moderate Buffer ETF - August |
10.00% |
20.49 |
QMMY |
FT Vest Nasdaq-100® Moderate Buffer ETF - May |
10.00% |
21.14 |
TIED TO EFA | iSHARES MSCI EAFE ETF (20%) |
YDEC |
FT Vest International Equity Moderate Buffer ETF - December |
6.67% |
24.06 |
YJUN |
FT Vest International Equity Moderate Buffer ETF - June |
6.67% |
22.44 |
YMAR |
FT Vest International Equity Moderate Buffer ETF - March |
6.66% |
23.60 |
TIED TO IWM | iSHARES RUSSELL 2000 ETF (10%) |
SAUG |
FT Vest U.S. Small Cap Moderate Buffer ETF - August |
3.33% |
23.45 |
SFEB |
FT Vest U.S. Small Cap Moderate Buffer ETF - February |
3.33% |
21.31 |
SMAY |
FT Vest U.S. Small Cap Moderate Buffer ETF - May |
3.34% |
24.59 |
*As of the close of business on 10/22/24.
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 |
10/23/2024 |
Initial Public Offering Price |
$10.00 per Unit |
Portfolio Ending Date |
1/23/2026 |
Cash
CUSIP |
30338Q102 |
Reinvestment
CUSIP |
30338Q110 |
Fee Accounts Cash CUSIP |
30338Q128 |
Fee Accounts Reinvestment CUSIP |
30338Q136 |
Fee Table (based on a $10 public offering
price per unit) |
|
Standard |
Fee/Wrap |
Deferred Sales Charge |
1.50% |
— |
Maximum Sales Charge |
1.50% |
0.50% |
|
|
|
Estimated Organization Costs |
0.390% |
0.390% |
|
|
|
Operating Expenses |
0.216% |
0.216% |
Acquired Fund Fees and Expenses^ |
0.875% |
0.875% |
Estimated Annual Trust Operating Expenses |
1.091% |
1.091% |
^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 2/20/25. 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. 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 associated with an investment in a portfolio of ETFs which invest in FLEX
Options based on an underlying ETF.
The portfolio has characteristics unlike many other traditional investment products and may not be
appropriate for all investors.
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.
The ETFs included in this portfolio hold purchased and written FLEX Options. The FLEX Options are European
style options, which are exercisable at the strike price only on the FLEX Option expiration date. The FLEX
Options held by the funds give the option holder the right to buy or sell the underlying ETF on the FLEX Option
expiration date at the strike price. The value of the FLEX Options prior to their expiration on the FLEX Option
expiration date may vary because of factors other than fluctuations in the value of the underlying ETF. The
value of FLEX Options will be affected by changes in the value of the underlying ETF, the underlying index and
its underlying securities, a change in interest rates, a change in the expected dividend rate of the underlying
ETF, a change in the actual and perceived volatility of the stock market and the underlying index and the
remaining time to expiration. Additionally, the value of the FLEX Options does not increase or decrease at the
same rate as the underlying ETF, the underlying index or its underlying securities due to “tracking error” as
described in more detail in the full prospectus (although they generally move in the same direction).
Funds held by the trust may invest in derivatives such as swap agreements to gain inverse exposure to its
target index. As such, the funds will be subject to credit risk with respect to the amount it expects to receive
from counterparties to derivatives and repurchase agreements entered into by the funds. If a counterparty
becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, the value of the
trust’s investment in the funds may decline.
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 organization 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.
The funds included in this UIT are not sponsored, endorsed, sold or promoted by SPDR® S&P 500® ETF Trust,
PDR, or Standard & Poor’s®, Invesco QQQ TrustSM, Series 1, Invesco, or Nasdaq, Inc., MSCI EAFE ETF, BFA, or
MSCI Inc., iShares Russell 2000 ETF, BFA or Russell (together with their affiliates hereinafter referred to as
the “Corporations”). The Corporations have not passed on the legality or suitability of, or the accuracy or
adequacy of, descriptions and disclosures relating to the funds or the FLEX Options. The Corporations make
no representations or warranties, express or implied, regarding the advisability of investing in the funds or
the FLEX Options or results to be obtained by the fund or the FLEX Options, shareholders or any other person
or entity from use of the SPDR® S&P 500® ETF Trust, Invesco QQQ TrustSM, iShares MSCI, EAFE ETF or iShares
Russell 2000 ETF. The Corporations have no liability in connection with the management, administration,
marketing or trading of the funds or the FLEX Options.
The SPDR® S&P 500® ETF Trust (“SPY”) is an is an exchange-traded fund based on the S&P 500 Index that is an unmanaged index of 500 companies used to measure large-cap U.S. stock market performance.
The Invesco QQQ TrustSM, Series 1 (“QQQ”) is an exchange-traded fund based on the Nasdaq-100 Index®. The index is a basket of the 100 largest, most actively traded U.S. companies listed on the Nasdaq stock exchange.
The Index includes companies from various industries except for the financial industry, like commercial and investment banks.
The iShares Russell 2000 ETF (“IWM”) is an exchange-traded fund based on the Russell 2000 Index that seeks to track the investment results of an index composed of small-capitalization U.S. equities.
The iShares MSCI EAFE ETF (“EFA”) is an exchange-traded fund based on the MSCI EAFE Index that seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities,
excluding the U.S. and Canada.