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Cyclical Strength, 17  Ticker: FKLDNX
 
Description
This unit investment trust seeks above-average capital appreciation by investing in a portfolio of stocks in cyclical sectors; however, there is no assurance the objective will be met.
 
Summary
Product Code: CYCS17
Portfolio Status: Secondary
Initial Offer Date: 04/05/2017
Secondary Date: 06/23/2017
Portfolio Ending Date: 04/05/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $10.0882
POP(*): $10.4487
Remaining Deferred Sales Charge: $0.1634
* As of Trade Date: 07/19/2017 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
Estimated Net Annual Distribution * $0.1176
Subsequent Years * $0.1173
As of 07/17/2017
* 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 27.48%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 0.00%
Financials  Financials 0.00%
Health Care  Health Care 0.00%
Industrials  Industrials 30.48%
Information Technology  Information Technology 35.27%
Materials  Materials 6.70%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 0.00%
Other  Other 0.07%
 
  Large Mid Small  
Growth  74.38% 9.74% 0.00%  
Value  13.68% 2.13% 0.00%  

 Style Weighting
Large-Cap Growth 74.38%
Large-Cap Value 13.68%
Mid-Cap Growth 9.74%
Mid-Cap Value 2.13%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.07%
 Composition
U.S. Stocks 93.45%   Other 0.07%
Non-U.S. Stocks 6.48%      
The style and sector characteristics of the portfolio are determined as of 07/19/2017 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $117,490.01
Weighted Average Price/Earnings 20.68
Weighted Average Price/Book 5.52
As of 7/19/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 4.04%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 3.82%
 Delta Air Lines, Inc. DAL Industrials  Industrials Large-Cap Value 3.78%
 Hasbro, Inc. HAS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.70%
 The Sherwin-Williams Company SHW Materials  Materials Large-Cap Growth 3.67%
 Adobe Systems Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 3.66%
 Southwest Airlines Co. LUV Industrials  Industrials Large-Cap Growth 3.65%
 Facebook, Inc. (Class A) FB Information Technology  Information Technology Large-Cap Growth 3.64%
 The Priceline Group Inc. PCLN Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.59%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 3.55%
 Raytheon Company RTN Industrials  Industrials Large-Cap Growth 3.55%
 Visa Inc. (Class A) V Information Technology  Information Technology Large-Cap Growth 3.48%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Value 3.46%
 Accenture Plc ACN Information Technology  Information Technology Large-Cap Growth 3.45%
 Honeywell International Inc. HON Industrials  Industrials Large-Cap Growth 3.43%
 Mohawk Industries, Inc. MHK Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.42%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Growth 3.40%
 Skyworks Solutions, Inc. SWKS Information Technology  Information Technology Large-Cap Growth 3.35%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.31%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 3.26%
 Union Pacific Corporation UNP Industrials  Industrials Large-Cap Growth 3.17%
 Starbucks Corporation SBUX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.14%
 Snap-on Incorporated SNA Industrials  Industrials Mid-Cap Growth 3.03%
 LyondellBasell Industries N.V. LYB Materials  Materials Large-Cap Growth 3.03%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Value 3.02%
 The Middleby Corporation MIDD Industrials  Industrials Mid-Cap Growth 3.01%
 Ulta Beauty, Inc. ULTA Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.93%
 The TJX Companies, Inc. TJX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.91%
 O'Reilly Automotive, Inc. ORLY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.35%
 Foot Locker, Inc. FL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.13%
 
Total Number of Holdings:    30
Underlying Securities information represented above is as of 07/19/2017 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.08160 July 20, 2017
$0.08170 August 18, 2017
$0.08170 September 20, 2017

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.

Technology Risk. The companies engaged in the information technology sector are subject to fierce competition, high research and development costs, and their products and services may be subject to rapid obsolescence. Technology company stocks, especially those which are Internet-related, may experience extreme price and volume fluctuations that are often unrelated to their operating performance.

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.

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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 and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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