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A unit investment trust that seeks to provide income, with limited capital appreciation as a secondary objective. The trust invests in a fixed portfolio of U.S. Treasury securities and common stocks which are selected from the S&P 500 Dividend Aristocrats Index. The common stocks will be subject to a Long-Term Equity AnticiPation Securities (LEAPS®) call option against each position.
Please note that there is no assurance the objective will be met.
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| Product Code: |
ARBW38 |
| Portfolio Status: |
Primary |
| Initial Offer Date: |
11/13/2024 |
| Portfolio Ending Date: |
01/21/2026 |
| Tax Structure: |
Regulated Investment Company |
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| Initial Offer Price: |
$10.0000 |
| NAV(*): |
$9.9058 |
| POP(*): |
$10.0416 |
| Remaining Deferred Sales Charge: |
$0.1350 |
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* As of Trade Date: 11/22/2024 4:00pm ET
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The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges.
The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.
| Historical 12-Month Distribution of Trust Holdings:^ |
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| Distributions from Treasury Obligations:^^ |
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^ 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 twelve 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.
Certain of the issuers may have reduced their dividends or distributions over the prior twelve 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. For trusts that include funds, distributions may include realized short term
capital gains, realized long-term capital gains and/or return of capital.
^^ Represents the estimated principal per unit from the maturity of Treasury Obligations. The premium income received from writing call options is invested in U.S. Treasury Notes. Unit holders receive income from the treasury notes until they mature and principal shortly after they mature.
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 Communication Services |
0.00% |
 Consumer Discretionary |
9.63% |
 Consumer Staples |
16.17% |
 Energy |
8.44% |
 Financials |
8.85% |
 Health Care |
16.65% |
 Industrials |
20.65% |
 Information Technology |
3.87% |
 Materials |
12.14% |
 Real Estate |
0.00% |
 Utilities |
3.95% |
 Other |
0.00% |
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Large |
Mid |
Small |
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| Growth |
31.10% |
12.39% |
0.00% |
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| Value |
48.76% |
8.10% |
0.00% |
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| Large-Cap Growth |
31.10% |
| Large-Cap Value |
48.76% |
| Mid-Cap Growth |
12.39% |
| Mid-Cap Value |
8.10% |
| Small-Cap Growth |
0.00% |
| Small-Cap Value |
0.00% |
| Undetermined |
0.00% |
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| U.S. Stocks |
87.72% |
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Bonds/Cash or Cash Equivalents |
2.77% |
| Non-U.S. Stocks |
12.63% |
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Other |
-3.12% |
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| The style and sector characteristics of the portfolio are determined as of 11/22/2024
and will likely vary thereafter due to market fluctuations in the underlying securities. |
| Weighted Average Market Cap |
$179,689 |
| Price/Earnings |
23.18 |
| Price/Book |
3.53 |
| Average Call Moneyness |
20.97% |
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As of 11/22/2024
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All market capitalization numbers are in USD$ Millions. Market cap and price ratio statistics are for the equity portion of the fund and exclude cash and options. Moneyness is how much an option contract's strike price is in-the-money (ITM) or out-of-the-money (OTM) expressed as a percentage of the price of the option contract's underlying asset. All figures are subject to change.
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McDonald's Corporation
| MCD |
Consumer Discretionary
| Large-Cap Value |
5.04%
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Chubb Limited
| CB |
Financials
| Large-Cap Value |
4.95%
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AbbVie Inc.
| ABBV |
Health Care
| Large-Cap Growth |
4.60%
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The Procter & Gamble Company
| PG |
Consumer Staples
| Large-Cap Growth |
4.59%
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Lowe's Companies, Inc.
| LOW |
Consumer Discretionary
| Large-Cap Value |
4.59%
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Emerson Electric Co.
| EMR |
Industrials
| Large-Cap Value |
4.51%
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The Clorox Company
| CLX |
Consumer Staples
| Mid-Cap Growth |
4.41%
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PPG Industries, Inc.
| PPG |
Materials
| Mid-Cap Growth |
4.25%
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Cardinal Health, Inc.
| CAH |
Health Care
| Mid-Cap Value |
4.23%
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Exxon Mobil Corporation
| XOM |
Energy
| Large-Cap Value |
4.22%
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Chevron Corporation
| CVX |
Energy
| Large-Cap Value |
4.22%
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Abbott Laboratories
| ABT |
Health Care
| Large-Cap Growth |
4.08%
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NextEra Energy, Inc.
| NEE |
Utilities
| Large-Cap Value |
3.95%
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Nucor Corporation
| NUE |
Materials
| Large-Cap Value |
3.95%
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Linde Plc
| LIN |
Materials
| Large-Cap Growth |
3.94%
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Walmart Inc.
| WMT |
Consumer Staples
| Large-Cap Growth |
3.92%
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Aflac Incorporated
| AFL |
Financials
| Large-Cap Value |
3.90%
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International Business Machines Corporation
| IBM |
Information Technology
| Large-Cap Growth |
3.87%
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Stanley Black & Decker, Inc.
| SWK |
Industrials
| Mid-Cap Value |
3.87%
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Medtronic Plc
| MDT |
Health Care
| Large-Cap Value |
3.74%
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C.H. Robinson Worldwide, Inc.
| CHRW |
Industrials
| Mid-Cap Growth |
3.73%
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Caterpillar Inc.
| CAT |
Industrials
| Large-Cap Growth |
3.45%
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Target Corporation
| TGT |
Consumer Staples
| Large-Cap Value |
3.25%
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Automatic Data Processing, Inc.
| ADP |
Industrials
| Large-Cap Growth |
2.65%
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General Dynamics Corporation
| GD |
Industrials
| Large-Cap Value |
2.44%
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2026-01-16 General Dynamics Corporation C 380
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-0.02%
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2026-01-16 McDonald's Corporation C 360
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-0.05%
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2026-01-16 Automatic Data Processing, Inc. C 370
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-0.06%
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2026-01-16 Medtronic Plc C 105
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-0.07%
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2026-01-16 Target Corporation C 190
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-0.07%
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2026-01-16 Linde Plc C 550
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-0.09%
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2026-01-16 PPG Industries, Inc. C 145
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-0.10%
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2026-01-16 C.H. Robinson Worldwide, Inc. C 130
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-0.10%
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2026-01-16 Abbott Laboratories C 140
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-0.12%
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2026-01-16 Aflac Incorporated C 135
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-0.12%
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2026-01-16 Emerson Electric Co. C 155
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-0.13%
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2026-01-16 Chevron Corporation C 190
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-0.14%
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2026-01-16 The Procter & Gamble Company C 200
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-0.15%
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2026-01-16 Exxon Mobil Corporation C 145
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-0.15%
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2026-01-16 The Clorox Company C 200
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-0.15%
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2026-01-16 Cardinal Health, Inc. C 150
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-0.15%
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2026-01-16 Lowe's Companies, Inc. C 330
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-0.16%
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2026-01-16 Caterpillar Inc. C 480
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-0.17%
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2026-01-16 Stanley Black & Decker, Inc. C 105
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-0.17%
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2026-01-16 Chubb Limited C 340
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-0.17%
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2026-01-16 AbbVie Inc. C 210
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-0.18%
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2026-01-16 International Business Machines Corporation C 260
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-0.20%
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2026-01-16 Walmart Inc. C 105
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-0.22%
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2026-01-16 NextEra Energy, Inc. C 90
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-0.23%
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2026-01-16 Nucor Corporation C 185
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-0.27%
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Name of Issuer and Title of Treasury Obligation
U.S. Treasury Note, 5%, due 08/31/2025 |
0.70% |
Name of Issuer and Title of Treasury Obligation
U.S. Treasury Note, 4.50%, due 11/15/2025 |
0.69% |
Name of Issuer and Title of Treasury Obligation
U.S. Treasury Note, 4.625%, due 02/28/2025 |
0.69% |
Name of Issuer and Title of Treasury Obligation
U.S. Treasury Note, 4.25%, due 05/31/2025 |
0.69% |
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| Total Number of Holdings: 54 |
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| Underlying Securities information represented above is as of 11/22/2024 but will vary with future fluctuations in the market. |
| Standard Account Sales Charges * |
| Transactional sales charges: |
Initial: |
0.01% |
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Deferred: |
1.34% |
| C&D Fee: |
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0.50% |
| Maximum Sales Charge: |
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1.85% |
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| * Based on the offer price as of 11/22/2024 4:00pm ET |
| Fee/Wrap Account Sales Charges * |
| C&D Fee: |
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0.50% |
| Maximum Sales Charge: |
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0.50% |
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| 30338U731 |
Cash-Fee |
Monthly |
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| * Based on the NAV price as of 11/22/2024 4:00pm ET |
In addition to the sales charges listed, UITs for both brokerage and advisory accounts are subject to annual operating expenses and organization costs. See the prospectus for additional information.
| Deferred Sales Charge Schedule |
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$0.04500
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February 20, 2025
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$0.04500
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March 20, 2025
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$0.04500
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April 17, 2025
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Risk Considerations Equity Risk. An investment in a portfolio containing common stocks is 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. Buy & Hold Risk – Taxable Trusts. 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. COVID-19 Economic Impact Risk. 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. Foreign Securities Risk. 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. LEAPS Risk. The value of the LEAPS is deducted from the value of the portfolio assets when determining the value of a unit. As the value of the LEAPS increases, it has a more negative impact on the value of the units. The value of the LEAPS will also be affected by changes in the value and dividend rates of the underlying stocks, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the stocks and the remaining time to expiration. Additionally, the value of the LEAPS does not increase or decrease at the same rate as the underlying stock. However, as the LEAPS approach their expiration date, their value increasingly moves with the price of the stock. Market Disruption Risk. 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. US Treasury Note Risk. The value of U.S. Treasury notes will be adversely affected by decreases in bond prices and increases in interest rates. Volatility Risk. 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. Operational Risk. 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.
The style and capitalization characteristics used to describe the stocks are designed to help you
understand how they fit into your overall investment plan. Due to changes in the value of the stocks
the characteristics may vary over time. In general, growth stocks have high relative price-to-book
ratios while value stocks have low relative price-to-book ratios. In determining market capitalization
characteristics, we analyze the market capitalizations of the 3,000 largest stocks in the U.S. (excluding
foreign securities, ADRs, limited partnerships and regulated investment companies) on a monthly basis.
Companies with market capitalizations among the largest 10% are considered Large-Cap securities, the next
20% are considered Mid-Cap securities and the remaining securities are considered Small-Cap securities.
You should carefully consider the trust's investment objectives, risks, and charges and expenses 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 trust. Read it carefully before you invest.
This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.
Not FDIC Insured, Not Bank Guaranteed and May Lose Value.
The S&P 500 Dividend Aristocrats Index is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and has been licensed for use by First Trust Portfolios L.P. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust Portfolios L.P. This product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Dividend Aristocrats Index.
CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.
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| 30338U723 |
(Cash) |
| 30338U731 |
(Cash-Fee) |
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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