Richard Bernstein Advisors Quality Income, 24  Ticker: FPCMLX
 
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: RBAQ24
Portfolio Status: Secondary
Initial Offer Date: 02/03/2017
Secondary Date: 05/03/2017
Portfolio Ending Date: 05/03/2018
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.3459
POP(*): $10.6057
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 09/22/2017 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 * $0.3066
As of 09/18/2017
* 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 15.79%
Consumer Staples  Consumer Staples 2.62%
Energy  Energy 1.04%
Financials  Financials 11.29%
Health Care  Health Care 14.17%
Industrials  Industrials 8.24%
Information Technology  Information Technology 10.95%
Materials  Materials 0.00%
Real Estate  Real Estate 11.64%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 24.08%
Other  Other 0.18%
 
  Large Mid Small  
Growth  25.89% 11.89% 10.93%  
Value  27.17% 13.75% 10.19%  

 Style Weighting
Large-Cap Growth 25.89%
Large-Cap Value 27.17%
Mid-Cap Growth 11.89%
Mid-Cap Value 13.75%
Small-Cap Growth 10.93%
Small-Cap Value 10.19%
Undetermined 0.18%
 Composition
U.S. Stocks 90.37%   Other 0.18%
Non-U.S. Stocks 9.45%      
The style and sector characteristics of the portfolio are determined as of 09/22/2017 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $63,348.62
Weighted Average Price/Earnings 20.41
Weighted Average Price/Book 2.78
As of 9/22/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Novo Nordisk A/S (ADR) NVO Health Care  Health Care Large-Cap Growth 3.40%
 3M Company MMM Industrials  Industrials Large-Cap Growth 3.14%
 Sanofi (ADR) SNY Health Care  Health Care Large-Cap Value 3.10%
 Aflac Incorporated AFL Financials  Financials Large-Cap Value 3.07%
 V.F. Corporation VFC Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.03%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 2.92%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 2.89%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Value 2.80%
 Federated Investors, Inc. (Class B) FII Financials  Financials Small-Cap Growth 2.77%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 2.76%
 Arthur J. Gallagher & Co. AJG Financials  Financials Mid-Cap Value 2.76%
 Principal Financial Group, Inc. PFG Financials  Financials Large-Cap Value 2.69%
 Watsco, Inc. WSO Industrials  Industrials Mid-Cap Growth 2.68%
 Paychex, Inc. PAYX Information Technology  Information Technology Large-Cap Growth 2.67%
 Coach, Inc. COH Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.67%
 Ventas, Inc. VTR Real Estate  Real Estate Large-Cap Value 2.64%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 2.62%
 CA, Inc. CA Information Technology  Information Technology Mid-Cap Value 2.56%
 Avista Corporation AVA Utilities  Utilities Small-Cap Value 2.50%
 Public Storage PSA Real Estate  Real Estate Large-Cap Growth 2.46%
 Cracker Barrel Old Country Store, Inc. CBRL Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.39%
 Genuine Parts Company GPC Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.38%
 Realty Income Corporation O Real Estate  Real Estate Large-Cap Value 2.38%
 Vectren Corporation VVC Utilities  Utilities Mid-Cap Growth 2.25%
 National Health Investors, Inc. NHI Real Estate  Real Estate Small-Cap Growth 2.18%
 Xcel Energy Inc. XEL Utilities  Utilities Large-Cap Value 2.15%
 Sempra Energy SRE Utilities  Utilities Large-Cap Value 2.12%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.11%
 Great Plains Energy Incorporated GXP Utilities  Utilities Mid-Cap Value 2.09%
 WEC Energy Group, Inc. WEC Utilities  Utilities Large-Cap Value 2.07%
 Consolidated Edison, Inc. ED Utilities  Utilities Large-Cap Value 2.04%
 Owens & Minor, Inc. OMI Health Care  Health Care Small-Cap Value 2.02%
 OGE Energy Corp. OGE Utilities  Utilities Mid-Cap Value 2.01%
 LTC Properties, Inc. LTC Real Estate  Real Estate Small-Cap Growth 1.98%
 El Paso Electric Company EE Utilities  Utilities Small-Cap Value 1.92%
 NorthWestern Corporation NWE Utilities  Utilities Small-Cap Value 1.91%
 Grupo Aeroportuario del Pacifico S.A.B. de C.V. (ADR) PAC Industrials  Industrials Mid-Cap Growth 1.91%
 Hawaiian Electric Industries, Inc. HE Utilities  Utilities Mid-Cap Value 1.88%
 Mattel, Inc. MAT Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.41%
 Northwest Natural Gas Company NWN Utilities  Utilities Small-Cap Value 1.14%
 PetMed Express, Inc. PETS Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.10%
 Pembina Pipeline Corporation PBA Energy  Energy Mid-Cap Value 1.04%
 The Cato Corporation CATO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.70%
 McGrath RentCorp MGRC Industrials  Industrials Small-Cap Growth 0.51%
 
Total Number of Holdings:    44
Underlying Securities information represented above is as of 09/22/2017 but will vary with future fluctuations in the market.

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.