Richard Bernstein Advisors Tactical Series, American Industrial Renaissance®, 2017-1  Ticker: FHINGX
 
Description
A unit investment trust that seeks above-average capital appreciation by investing in small and mid-cap U.S. companies in the industrial and community banking sectors. The stocks are selected for the trust by Richard Bernstein Advisors using a comprehensive process.
 
Summary
Product Code: RBIR19
Portfolio Status: Primary
Initial Offer Date: 02/22/2017
Portfolio Ending Date: 02/22/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.5701
POP(*): $9.9116
Remaining Deferred Sales Charge: $0.2450
* As of Trade Date: 04/28/2017 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 * $0.1227
Subsequent Years * $0.1221
As of 04/24/2017
* 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 0.00%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 0.00%
Financials  Financials 9.42%
Health Care  Health Care 0.00%
Industrials  Industrials 90.42%
Information Technology  Information Technology 0.00%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 0.00%
Other  Other 0.16%
 
  Large Mid Small  
Growth  0.00% 8.18% 60.44%  
Value  0.00% 13.58% 17.64%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 8.18%
Mid-Cap Value 13.58%
Small-Cap Growth 60.44%
Small-Cap Value 17.64%
Undetermined 0.16%
 Composition
U.S. Stocks 99.84%   Other 0.16%
Non-U.S. Stocks 0.00%      
The style and sector characteristics of the portfolio are determined as of 04/28/2017 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $2,400.07
Weighted Average Price/Earnings 20.55
Weighted Average Price/Book 2.51
As of 4/28/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Dycom Industries, Inc. DY Industrials  Industrials Small-Cap Growth 5.17%
 MasTec, Inc. MTZ Industrials  Industrials Mid-Cap Growth 4.54%
 Wabash National Corporation WNC Industrials  Industrials Small-Cap Growth 4.38%
 RBC Bearings Incorporated ROLL Industrials  Industrials Small-Cap Growth 4.16%
 Oshkosh Corporation OSK Industrials  Industrials Mid-Cap Value 4.04%
 Clean Harbors, Inc. CLH Industrials  Industrials Small-Cap Growth 3.99%
 Atkore International Group Inc. ATKR Industrials  Industrials Small-Cap Growth 3.96%
 Tutor Perini Corporation TPC Industrials  Industrials Small-Cap Value 3.89%
 The Greenbrier Companies, Inc. GBX Industrials  Industrials Small-Cap Value 3.87%
 Granite Construction Incorporated GVA Industrials  Industrials Small-Cap Growth 3.85%
 Navistar International Corporation NAV Industrials  Industrials Small-Cap Growth 3.83%
 EMCOR Group, Inc. EME Industrials  Industrials Mid-Cap Value 3.82%
 Quanta Services, Inc. PWR Industrials  Industrials Mid-Cap Value 3.68%
 Hubbell Incorporated HUBB Industrials  Industrials Mid-Cap Growth 3.64%
 Argan, Inc. AGX Industrials  Industrials Small-Cap Growth 3.64%
 Covanta Holding Corporation CVA Industrials  Industrials Small-Cap Growth 3.50%
 Generac Holdings Inc. GNRC Industrials  Industrials Small-Cap Growth 3.50%
 Mueller Water Products, Inc. MWA Industrials  Industrials Small-Cap Growth 3.49%
 AZZ Inc. AZZ Industrials  Industrials Small-Cap Growth 3.07%
 Comfort Systems USA, Inc. FIX Industrials  Industrials Small-Cap Growth 2.13%
 Primoris Services Corporation PRIM Industrials  Industrials Small-Cap Growth 1.98%
 Federal Signal Corporation FSS Industrials  Industrials Small-Cap Growth 1.52%
 Supreme Industries, Inc. (Class A) STS Industrials  Industrials Small-Cap Growth 1.51%
 Global Brass and Copper Holdings, Inc. BRSS Industrials  Industrials Small-Cap Growth 1.46%
 US Ecology, Inc. ECOL Industrials  Industrials Small-Cap Growth 1.43%
 TriMas Corporation TRS Industrials  Industrials Small-Cap Value 1.41%
 American Railcar Industries, Inc. ARII Industrials  Industrials Small-Cap Value 1.14%
 MYR Group Inc. MYRG Industrials  Industrials Small-Cap Growth 1.02%
 Douglas Dynamics, Inc. PLOW Industrials  Industrials Small-Cap Growth 1.01%
 Encore Wire Corporation WIRE Industrials  Industrials Small-Cap Value 0.98%
 NV5 Global, Inc. NVEE Industrials  Industrials Small-Cap Growth 0.81%
 Old National Bancorp ONB Financials  Financials Small-Cap Value 0.62%
 Fulton Financial Corporation FULT Financials  Financials Small-Cap Value 0.60%
 MB Financial, Inc. MBFI Financials  Financials Mid-Cap Value 0.55%
 1st Source Corporation SRCE Financials  Financials Small-Cap Value 0.54%
 Associated Banc-Corp ASB Financials  Financials Mid-Cap Value 0.54%
 QCR Holdings, Inc. QCRH Financials  Financials Small-Cap Value 0.54%
 Bryn Mawr Bank Corporation BMTC Financials  Financials Small-Cap Value 0.53%
 Peoples Bancorp Inc. PEBO Financials  Financials Small-Cap Value 0.52%
 Park National Corporation PRK Financials  Financials Small-Cap Value 0.52%
 German American Bancorp, Inc. GABC Financials  Financials Small-Cap Growth 0.52%
 First Midwest Bancorp, Inc. FMBI Financials  Financials Small-Cap Value 0.51%
 First Merchants Corporation FRME Financials  Financials Small-Cap Value 0.51%
 Lakeland Financial Corporation LKFN Financials  Financials Small-Cap Growth 0.51%
 First Financial Bancorp. FFBC Financials  Financials Small-Cap Value 0.50%
 Heartland Financial USA, Inc. HTLF Financials  Financials Small-Cap Value 0.50%
 Wintrust Financial Corporation WTFC Financials  Financials Mid-Cap Value 0.48%
 F.N.B. Corporation FNB Financials  Financials Mid-Cap Value 0.47%
 First Commonwealth Financial Corporation FCF Financials  Financials Small-Cap Value 0.46%
 
Total Number of Holdings:    49
Underlying Securities information represented above is as of 04/28/2017 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.98%
  Deferred:  2.47%
C&D Fee:    0.50%
Maximum Sales Charge:   3.95%
CUSIP Type Distribution
30302H260 Cash Semi-Annual
30302H278 Reinvest Semi-Annual
* Based on the offer price as of 04/28/2017 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.52%
Maximum Sales Charge:   0.52%
CUSIP Type Distribution
30302H286 Cash-Fee Semi-Annual
30302H294 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 04/28/2017 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 June 20, 2017
$0.08170 July 20, 2017
$0.08170 August 18, 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.

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

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.