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: Secondary
Initial Offer Date: 07/28/2017
Secondary Date: 10/26/2017
Portfolio Ending Date: 10/29/2018
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.0083
POP(*): $10.1453
Remaining Deferred Sales Charge: $0.0900
* As of Trade Date: 11/22/2017 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 Per Unit * $0.3234
As of 11/20/2017
* 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 9.82%
Consumer Staples  Consumer Staples 9.42%
Energy  Energy 0.00%
Financials  Financials 18.06%
Health Care  Health Care 6.76%
Industrials  Industrials 11.98%
Information Technology  Information Technology 0.00%
Materials  Materials 3.53%
Real Estate  Real Estate 17.11%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 23.15%
Other  Other 0.17%
 
  Large Mid Small  
Growth  23.05% 13.93% 10.06%  
Value  15.86% 30.94% 5.99%  

 Style Weighting
Large-Cap Growth 23.05%
Large-Cap Value 15.86%
Mid-Cap Growth 13.93%
Mid-Cap Value 30.94%
Small-Cap Growth 10.06%
Small-Cap Value 5.99%
Undetermined 0.17%
 Composition
U.S. Stocks 93.26%   Other 0.17%
Non-U.S. Stocks 6.57%      
The style and sector characteristics of the portfolio are determined as of 11/22/2017 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $43,437.92
Weighted Average Price/Earnings 20.20
Weighted Average Price/Book 2.56
As of 11/22/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 C.H. Robinson Worldwide, Inc. CHRW Industrials  Industrials Mid-Cap Growth 4.13%
 Arthur J. Gallagher & Co. AJG Financials  Financials Mid-Cap Value 3.91%
 Kohl's Corporation KSS Consumer Discretionary  Consumer Discretionary Mid-Cap Value 3.70%
 Watsco, Inc. WSO Industrials  Industrials Mid-Cap Growth 3.68%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 3.57%
 Sonoco Products Company SON Materials  Materials Mid-Cap Value 3.53%
 ABB Ltd (ADR) ABB Industrials  Industrials Large-Cap Growth 3.46%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 3.31%
 T. Rowe Price Group, Inc. TROW Financials  Financials Large-Cap Growth 3.31%
 Cracker Barrel Old Country Store, Inc. CBRL Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.22%
 Public Storage PSA Real Estate  Real Estate Large-Cap Growth 3.20%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 3.19%
 Invesco Ltd. IVZ Financials  Financials Mid-Cap Value 3.11%
 National Health Investors, Inc. NHI Real Estate  Real Estate Small-Cap Growth 3.07%
 Senior Housing Properties Trust SNH Real Estate  Real Estate Mid-Cap Value 3.05%
 Philip Morris International Inc. PM Consumer Staples  Consumer Staples Large-Cap Growth 3.01%
 Federated Investors, Inc. (Class B) FII Financials  Financials Small-Cap Growth 2.92%
 Tapestry Inc. TPR Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.90%
 Realty Income Corporation O Real Estate  Real Estate Mid-Cap Value 2.89%
 Ventas, Inc. VTR Real Estate  Real Estate Large-Cap Value 2.88%
 Valley National Bancorp VLY Financials  Financials Small-Cap Value 2.85%
 CVS Health Corporation CVS Consumer Staples  Consumer Staples Large-Cap Value 2.64%
 Vectren Corporation VVC Utilities  Utilities Mid-Cap Value 2.20%
 Hawaiian Electric Industries, Inc. HE Utilities  Utilities Mid-Cap Value 2.17%
 WEC Energy Group, Inc. WEC Utilities  Utilities Large-Cap Value 2.15%
 ALLETE, Inc. ALE Utilities  Utilities Mid-Cap Value 2.07%
 NextEra Energy, Inc. NEE Utilities  Utilities Large-Cap Value 2.06%
 NorthWestern Corporation NWE Utilities  Utilities Small-Cap Value 2.06%
 Eversource Energy ES Utilities  Utilities Large-Cap Value 2.05%
 DTE Energy Company DTE Utilities  Utilities Large-Cap Value 2.04%
 Consolidated Edison, Inc. ED Utilities  Utilities Large-Cap Value 2.04%
 LTC Properties, Inc. LTC Real Estate  Real Estate Small-Cap Growth 2.02%
 OGE Energy Corp. OGE Utilities  Utilities Mid-Cap Value 1.90%
 Westamerica Bancorporation WABC Financials  Financials Small-Cap Growth 1.34%
 SCANA Corporation SCG Utilities  Utilities Mid-Cap Value 1.29%
 McGrath RentCorp MGRC Industrials  Industrials Small-Cap Growth 0.71%
 City Holding Company CHCO Financials  Financials Small-Cap Value 0.62%
 Southwest Gas Holdings, Inc. SWX Utilities  Utilities Mid-Cap Value 0.60%
 IDACORP, Inc. IDA Utilities  Utilities Mid-Cap Value 0.52%
 Weis Markets, Inc. WMK Consumer Staples  Consumer Staples Small-Cap Value 0.46%
 
Total Number of Holdings:    40
Underlying Securities information represented above is as of 11/22/2017 but will vary with future fluctuations in the market.

 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.