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Content Leaders, 6  Ticker: FWRAYX
 
Description
A unit investment trust that seeks above-average capital appreciation by investing in U.S. traded common stocks of companies that Pence Capital Management, LLC believes are dominant in the creation and delivery of media content including television producers, filmmakers, content libraries, broadcast channels, and delivery platforms.
 
Summary
Product Code: CLDR6
Portfolio Status: Primary
Initial Offer Date: 08/14/2017
Portfolio Ending Date: 11/14/2018
Tax Structure: Grantor
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.6521
POP(*): $9.7831
Remaining Deferred Sales Charge: $0.1350
* 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
Year 1 * $0.0971
Subsequent Years * $0.0966
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 59.25%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 0.00%
Financials  Financials 0.00%
Health Care  Health Care 0.00%
Industrials  Industrials 0.00%
Information Technology  Information Technology 30.34%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 10.37%
Utilities  Utilities 0.00%
Other  Other 0.04%
 
  Large Mid Small  
Growth  64.97% 1.95% 0.00%  
Value  27.02% 6.02% 0.00%  

 Style Weighting
Large-Cap Growth 64.97%
Large-Cap Value 27.02%
Mid-Cap Growth 1.95%
Mid-Cap Value 6.02%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.04%
 Composition
U.S. Stocks 93.77%   Other 0.04%
Non-U.S. Stocks 6.19%      
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 $298,448.59
Weighted Average Price/Earnings 23.90
Weighted Average Price/Book 4.39
As of 9/22/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 The Walt Disney Company DIS Consumer Discretionary  Consumer Discretionary Large-Cap Growth 9.78%
 Comcast Corporation (Class A) CMCSA Consumer Discretionary  Consumer Discretionary Large-Cap Value 9.41%
 Netflix, Inc. NFLX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 8.87%
 Facebook, Inc. (Class A) FB Information Technology  Information Technology Large-Cap Growth 8.26%
 Amazon.com, Inc. AMZN Consumer Discretionary  Consumer Discretionary Large-Cap Growth 8.16%
 Alphabet Inc. (Class A) GOOGL Information Technology  Information Technology Large-Cap Growth 8.06%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 7.79%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 6.23%
 AT&T Inc. T Telecommunication Services  Telecommunication Services Large-Cap Value 6.16%
 Verizon Communications Inc. VZ Telecommunication Services  Telecommunication Services Large-Cap Growth 4.21%
 Sony Corporation (ADR) SNE Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.89%
 Twenty-First Century Fox, Inc. (Class A) FOXA Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.86%
 Charter Communications, Inc. CHTR Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.70%
 CBS Corporation CBS Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.61%
 Lions Gate Entertainment Corp. (Class A) LGF/A Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.30%
 AMC Networks Inc. (Class A) AMCX Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.95%
 Discovery Communications, Inc. DISCA Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.89%
 Viacom Inc. (Class B) VIAB Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.83%
 
Total Number of Holdings:    18
Underlying Securities information represented above is as of 09/22/2017 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.04%
  Deferred:  1.38%
C&D Fee:    0.51%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30304N828 Cash Monthly
30304N836 Reinvest Monthly
* Based on the offer price as of 09/22/2017 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.52%
Maximum Sales Charge:   0.52%
CUSIP Type Distribution
30304N844 Cash-Fee Monthly
30304N851 Reinvest-Fee Monthly
* Based on the NAV price as of 09/22/2017 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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

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.

IRA Risk. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

Media Content Risk. Companies in the media content industry face numerous risks, including adverse developments in the industry, rapid changes in technology, intense competition, government regulation and rapid obsolescence of products and services. Competitive pressures are intense and stocks of media content companies can experience rapid volatility.

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.

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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