First Trust U.S. Treasury Securities Portfolio, Short-Term, Series 15
Ticker Symbol: FMNDEX
| |
| Treasury Obligations |
Initial
Weight |
| U.S. Treasury Note, 4.625%, due 06/30/2025 |
33.83% |
| U.S. Treasury Note, 4.125%, due 06/15/2026 |
33.52% |
| U.S. Treasury Note, 3.25%, due 06/30/2027 |
32.65% |
*As of the close of business on 5/31/24.
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 |
6/3/2024 |
| Initial Public Offering Price |
$10.00 per Unit |
| Portfolio Ending Date |
7/2/2027 |
| Cash CUSIP |
30335U189 |
| Fee Accounts Cash CUSIP |
30335U197 |
| Trust Specifics (as of close of business on 5/31/24) |
| Weighted Average Maturity1 |
2.06 years |
| Estimated Current Return2 |
3.86% |
| Estimated Net Yield to Maturity3 |
4.00% |
1Weighted average maturity represents the average amount of time remaining until the securities held in
the trust mature, taking into account each security’s weight within the portfolio based on its market value.
2Estimated current return is calculated by dividing estimated net annual interest income per unit by the
public offering price.
3Estimated net yield to maturity is calculated using a formula which (1) factors in the relative weightings
of the market values, yields and estimated retirements of the securities; and (2) takes into account a
compounding factor, the sales charge and expenses. There is no assurance that the returns will be realized in
the future because the various components used to calculate these figures will change. In addition, neither
rate reflects the true return you will receive, which will be lower, because neither includes reduction in
interest payments as securities mature and the effect of certain delays in distributions with respect to when
the securities pay interest and when distributions are paid by the trust.
| Fee Table (based on a $10 public offering
price per unit) |
| |
Standard |
Fee/Wrap |
| Deferred Sales Charge |
0.50% |
— |
| Creation & Development Fee (C&D Fee) |
0.50% |
0.50% |
| Maximum Sales Charge |
1.00% |
0.50% |
| |
|
|
| Estimated Organization Costs |
0.390% |
0.390% |
| Estimated Annual Trust Operating Expenses |
0.223% |
0.223% |
The deferred sales charge will be deducted in three monthly installments commencing 9/20/24. 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 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 this unmanaged unit investment trust should be made with an understanding of the risks involved with an investment 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.
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.
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.