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Richard Bernstein Advisors Quality Income, 26  Ticker: FTRKUX
 
Description
A unit investment trust that seeks total return through a combination of dividend income and capital appreciation. The stocks are selected for the trust by Richard Bernstein Advisors LLC using their comprehensive Quality Income strategy.
 
Summary
Product Code: RBAQ26
Portfolio Status: Primary
Initial Offer Date: 07/28/2017
Portfolio Ending Date: 10/29/2018
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.0613
POP(*): $10.2000
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 09/18/2017 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 * $0.3231
Subsequent Years * $0.3217
As of 09/18/2017
* 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 9.84%
Consumer Staples  Consumer Staples 10.53%
Energy  Energy 0.00%
Financials  Financials 16.74%
Health Care  Health Care 7.06%
Industrials  Industrials 11.25%
Information Technology  Information Technology 0.00%
Materials  Materials 3.40%
Real Estate  Real Estate 17.90%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 23.06%
Other  Other 0.22%
 
  Large Mid Small  
Growth  23.53% 15.54% 9.81%  
Value  19.31% 25.72% 5.87%  

 Style Weighting
Large-Cap Growth 23.53%
Large-Cap Value 19.31%
Mid-Cap Growth 15.54%
Mid-Cap Value 25.72%
Small-Cap Growth 9.81%
Small-Cap Value 5.87%
Undetermined 0.22%
 Composition
U.S. Stocks 93.44%   Other 0.22%
Non-U.S. Stocks 6.34%      
The style and sector characteristics of the portfolio are determined as of 09/18/2017 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $46,197.55
Weighted Average Price/Earnings 19.93
Weighted Average Price/Book 2.58
As of 9/18/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 C.H. Robinson Worldwide, Inc. CHRW Industrials  Industrials Mid-Cap Growth 3.78%
 Kohl's Corporation KSS Consumer Discretionary  Consumer Discretionary Mid-Cap Value 3.74%
 Arthur J. Gallagher & Co. AJG Financials  Financials Mid-Cap Value 3.57%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 3.54%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 3.52%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 3.52%
 Watsco, Inc. WSO Industrials  Industrials Mid-Cap Growth 3.48%
 Sonoco Products Company SON Materials  Materials Mid-Cap Value 3.40%
 Philip Morris International Inc. PM Consumer Staples  Consumer Staples Large-Cap Growth 3.39%
 ABB Ltd (ADR) ABB Industrials  Industrials Large-Cap Growth 3.37%
 Public Storage PSA Real Estate  Real Estate Large-Cap Growth 3.28%
 Cracker Barrel Old Country Store, Inc. CBRL Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.22%
 National Health Investors, Inc. NHI Real Estate  Real Estate Small-Cap Growth 3.16%
 Senior Housing Properties Trust SNH Real Estate  Real Estate Mid-Cap Value 3.16%
 Ventas, Inc. VTR Real Estate  Real Estate Large-Cap Value 3.10%
 CVS Health Corporation CVS Consumer Staples  Consumer Staples Large-Cap Value 3.09%
 Realty Income Corporation O Real Estate  Real Estate Large-Cap Value 3.08%
 Invesco Ltd. IVZ Financials  Financials Mid-Cap Value 2.97%
 T. Rowe Price Group, Inc. TROW Financials  Financials Large-Cap Growth 2.91%
 Coach, Inc. COH Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.88%
 Valley National Bancorp VLY Financials  Financials Small-Cap Value 2.78%
 Federated Investors, Inc. (Class B) FII Financials  Financials Small-Cap Growth 2.66%
 Vectren Corporation VVC Utilities  Utilities Mid-Cap Growth 2.18%
 LTC Properties, Inc. LTC Real Estate  Real Estate Small-Cap Growth 2.12%
 ALLETE, Inc. ALE Utilities  Utilities Mid-Cap Value 2.08%
 WEC Energy Group, Inc. WEC Utilities  Utilities Large-Cap Value 2.07%
 DTE Energy Company DTE Utilities  Utilities Large-Cap Value 2.02%
 Hawaiian Electric Industries, Inc. HE Utilities  Utilities Mid-Cap Value 2.00%
 Eversource Energy ES Utilities  Utilities Large-Cap Value 1.99%
 NextEra Energy, Inc. NEE Utilities  Utilities Large-Cap Value 1.98%
 Consolidated Edison, Inc. ED Utilities  Utilities Large-Cap Value 1.98%
 OGE Energy Corp. OGE Utilities  Utilities Mid-Cap Value 1.98%
 NorthWestern Corporation NWE Utilities  Utilities Small-Cap Value 1.96%
 SCANA Corporation SCG Utilities  Utilities Mid-Cap Value 1.75%
 Westamerica Bancorporation WABC Financials  Financials Small-Cap Growth 1.25%
 McGrath RentCorp MGRC Industrials  Industrials Small-Cap Growth 0.62%
 City Holding Company CHCO Financials  Financials Small-Cap Value 0.60%
 Southwest Gas Holdings, Inc. SWX Utilities  Utilities Mid-Cap Value 0.58%
 Weis Markets, Inc. WMK Consumer Staples  Consumer Staples Small-Cap Value 0.53%
 IDACORP, Inc. IDA Utilities  Utilities Mid-Cap Value 0.49%
 
Total Number of Holdings:    40
Underlying Securities information represented above is as of 09/18/2017 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.04%
  Deferred:  1.32%
C&D Fee:    0.49%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30304L467 Cash Monthly
30304L475 Reinvest Monthly
* Based on the offer price as of 09/18/2017 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.50%
Maximum Sales Charge:   0.50%
CUSIP Type Distribution
30304L483 Cash-Fee Monthly
30304L491 Reinvest-Fee Monthly
* Based on the NAV price as of 09/18/2017 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
$0.04500 November 20, 2017
$0.04500 December 20, 2017
$0.04500 January 19, 2018

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.

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.

REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

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.

Although the portfolio terminates in approximately one year, the strategy is long-term. Investors should consider their ability to pursue investing in successive portfolios, if available. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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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