FRDQQX FT Short Duration Fixed Income Model Portfolio


The Trust seeks to provide current monthly income, with capital appreciation as a secondary objective by investing in a diversified portfolio of ETFs. There can

be no guarantee that the objectives of the Trust will be achieved.

Strategy Description

Under normal circumstances, the Trust will invest at least 80% of its assets in ETFs which invest 80% of their assets in fixed-income securities.

The Trust is a unit investment trust which consists of ETFs, the majority of which are advised by First Trust advisors L.P., an affiliate of the Trust’s Sponsor. The ETFs included in the portfolio invest in short duration fixed income securities and have been selected by the First Trust Advisors Model Investment Committee through a dynamic approach based on the following factors: the size and liquidity of the ETF, the current dividend yield of the ETF, the quality and character of the securities held by the ETF and the expense ratio of the ETF, while attempting to limit the overlap of the securities held by the ETFs and targeting a duration of no more than three years.

Summary Data

Label Value
Status Primary
Sponsor First Trust Portfolios
Series 4th Quarter 2020
Asset Class Fund of Funds - ETFs
Investment Strategy/Goal Aggressive Income
Investment Type/Style Taxable Income - Limited Duration

Performance Disclosure

Cumulative returns of each unit investment trust series are based on distributions received in cash and recognized on the ex-dividend date and paid out on the payable date during the life of the unit investment trust. Returns are calculated excluding the Transactional Sales Charge for each unit investment trust series but does reflect the Creation & Development Fee and trust operating expenses as incurred for each unit investment trust series. The returns do not adjust for taxes. If adjusted or taxes, the effects of taxation would reduce the performance depicted.

Past performance is no indicator of future results. Investment return and principal value will fluctuate with changes in market conditions. An investment in units of a unit investment trust when redeemed may be worth more or less than the original investment.

Unit Investment Trust ("UIT") Investment Risks

There is no assurance that a unit investment trust will achieve its investment objective.

Unit investment trusts are unmanaged. You can lose money investing in unit investment trusts. When sold, units may be worth more or less than the original amount invested. Depending upon the specific product offering, investment risks include, but are not limited to, interest rate risk, credit risk, call risk and liquidity risk.

Product(s) discussed herein are not FDIC insured, may lose value, and are not bank guaranteed. You should not purchase an investment product or make an investment recommendation until you have read the specific offering documentation and understand the specific investment terms, features, risks, fees, charges and expenses of such investment.