Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 

Richard Bernstein Advisors Tactical Series, Japan Opportunities 2017-1  Ticker: FMBERX
 
Description
A unit investment trust that seeks above-average capital appreciation by investing in a portfolio of common stocks issued by Japanese companies. The stocks are selected for the trust by Richard Bernstein Advisors using a comprehensive process.
 
Summary
Product Code: RBJP10
Portfolio Status: Primary
Initial Offer Date: 01/06/2017
Portfolio Ending Date: 01/07/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.9215
POP(*): $10.2775
Remaining Deferred Sales Charge: $0.2450
* As of Trade Date: 03/27/2017 4:00pm ET
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.

 Estimated Net Annual Distribution Per Unit
Year 1 * $0.1268
Subsequent Years * $0.1261
As of 03/27/2017
* The estimated net annual distribution for subsequent years is expected to be less than the amount for the first year because a portion of the securities included in the portfolio will be sold to pay for organization costs, the deferred sales charge and the creation and development fee.  The estimates are based on annualizing the most recent dividends declared by the issuers of the securities included in the portfolio. There is no guarantee that the issuers of the securities included in the portfolio will declare distributions in the future or that, if declared, they will either remain at current levels or increase over time.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Consumer Discretionary  Consumer Discretionary 30.50%
Consumer Staples  Consumer Staples 5.75%
Energy  Energy 0.00%
Financials  Financials 0.00%
Health Care  Health Care 14.46%
Industrials  Industrials 29.53%
Information Technology  Information Technology 14.03%
Materials  Materials 4.05%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 1.68%
Utilities  Utilities 0.00%
Other  Other 0.00%
 
  Large Mid Small  
Growth  0.00% 4.58% 0.00%  
Value  51.49% 35.07% 8.86%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 51.49%
Mid-Cap Growth 4.58%
Mid-Cap Value 35.07%
Small-Cap Growth 0.00%
Small-Cap Value 8.86%
Undetermined 0.00%
 Composition
U.S. Stocks 0.00%   Other 0.00%
Non-U.S. Stocks 100.00%      
The style and sector characteristics of the portfolio are determined as of 03/24/2017 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $25,074.57
Weighted Average Price/Earnings 18.27
Weighted Average Price/Book 1.40
As of 3/27/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Sony Corporation 6758.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.36%
 Toyota Tsusho Corporation 8015.JP Industrials  Industrials Mid-Cap Value 3.33%
 Takeda Pharmaceutical Company Limited 4502.JP Health Care  Health Care Large-Cap Value 3.27%
 Sumitomo Corporation 8053.JP Industrials  Industrials Large-Cap Value 3.24%
 Bridgestone Corporation 5108.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.22%
 Olympus Corporation 7733.JP Health Care  Health Care Mid-Cap Growth 3.21%
 Shin-Etsu Chemical Co., Ltd. 4063.JP Materials  Materials Large-Cap Value 3.20%
 Canon Inc. 7751.JP Information Technology  Information Technology Large-Cap Value 3.19%
 Mitsui & Co., Ltd. 8031.JP Industrials  Industrials Large-Cap Value 3.08%
 Komatsu Ltd. 6301.JP Industrials  Industrials Large-Cap Value 3.07%
 DENSO Corporation 6902.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.98%
 Japan Tobacco, Inc. 2914.JP Consumer Staples  Consumer Staples Large-Cap Value 2.95%
 Honda Motor Co., Ltd. 7267.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.94%
 Nissan Motor Co., Ltd. 7201.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.90%
 The Yokohama Rubber Company, Ltd. 5101.JP Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.83%
 Ricoh Company, Ltd. 7752.JP Information Technology  Information Technology Mid-Cap Value 2.83%
 Nippon Sheet Glass Co., Ltd. 5202.JP Industrials  Industrials Small-Cap Value 2.83%
 Sumitomo Dainippon Pharma Co., Ltd. 4506.JP Health Care  Health Care Mid-Cap Value 2.81%
 Kikkoman Corporation 2801.JP Consumer Staples  Consumer Staples Mid-Cap Value 2.80%
 Astellas Pharma Inc. 4503.JP Health Care  Health Care Large-Cap Value 2.79%
 JGC Corporation 1963.JP Industrials  Industrials Mid-Cap Value 2.79%
 Chiyoda Corporation 6366.JP Industrials  Industrials Small-Cap Value 2.76%
 Nikon Corporation 7731.JP Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.73%
 Toyota Motor Corporation 7203.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.72%
 Konica Minolta, Inc. 4902.JP Information Technology  Information Technology Mid-Cap Value 2.66%
 Alps Electric Co., Ltd. 6770.JP Information Technology  Information Technology Mid-Cap Value 2.58%
 Fuji Heavy Industries Ltd. 7270.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.57%
 Daikin Industries, Ltd. 6367.JP Industrials  Industrials Large-Cap Value 2.53%
 Mazda Motor Corporation 7261.JP Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.48%
 Terumo Corporation 4543.JP Health Care  Health Care Mid-Cap Value 2.38%
 NGK Insulators, Ltd. 5333.JP Industrials  Industrials Mid-Cap Value 2.10%
 Kubota Corporation 6326.JP Industrials  Industrials Large-Cap Value 1.80%
 SoftBank Group Corp. 9984.JP Telecommunication Services  Telecommunication Services Large-Cap Value 1.68%
 Yokogawa Electric Corporation 6841.JP Information Technology  Information Technology Mid-Cap Value 1.40%
 Trend Micro Incorporated 4704.JP Information Technology  Information Technology Mid-Cap Growth 1.37%
 Yamaha Motor Co., Ltd. 7272.JP Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.33%
 Minebea Co., Ltd. 6479.JP Industrials  Industrials Mid-Cap Value 1.10%
 Kuraray Co., Ltd. 3405.JP Materials  Materials Mid-Cap Value 0.85%
 JTEKT Corporation 6473.JP Industrials  Industrials Mid-Cap Value 0.46%
 The Japan Steel Works, Ltd. 5631.JP Industrials  Industrials Small-Cap Value 0.44%
 Yamaha Corporation 7951.JP Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.44%
 
Total Number of Holdings:    41
Underlying Securities information represented above is as of 03/24/2017 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  1.08%
  Deferred:  2.38%
C&D Fee:    0.49%
Maximum Sales Charge:   3.95%
CUSIP Type Distribution
30300F266 Cash Semi-Annual
30300F274 Reinvest Semi-Annual
* Based on the offer price as of 03/27/2017 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.50%
Maximum Sales Charge:   0.50%
CUSIP Type Distribution
30300F282 Cash-Fee Semi-Annual
30300F290 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 03/27/2017 4:00pm ET
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

 Deferred Sales Charge Schedule
Amount Date
$0.08160 April 20, 2017
$0.08170 May 19, 2017
$0.08170 June 20, 2017

 Volume Discounts
Initial Purchases Maximum
Sales Charge
$50,000 but less than $100,000 3.70%
$100,000 but less than $250,000 3.45%
$250,000 but less than $500,000 3.10%
$500,000 but less than $1,000,000 2.95%
$1,000,000 or more 2.45%

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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

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.

Consumer Products Risk. The companies engaged in the consumer products sector are subject to global competition, changing government regulations and trade policies, currency fluctuations, and the financial and political risks inherent in producing products for foreign markets.

Foreign Securities Risk. An investment in securities of foreign issuers should be made with an understanding of the additional risks involved, such as currency fluctuations, political risk, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

Industrials Risk. The companies engaged in the industrials sector are subject to a deterioration in the general state of the economy, intense competition, domestic and international politics, excess capacity and changing spending trends.

Small-Cap and Mid-Cap Risk. An investment in a portfolio containing small-cap and mid-cap companies is subject to additional risks, as the share prices of small-cap companies and certain mid-cap companies are often more volatile than those of larger companies due to several factors, including limited trading volumes, products, financial resources, management inexperience and less publicly available information.

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.

All data used for the sector and style classification comparisons is from Bloomberg Finance L.P, which we believe to be reliable, but do not take responsibility for its accuracy.

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 advisor 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.

Printer Friendly Page Printer Friendly Page

 
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2017 All rights reserved.