Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 

Aerospace & Defense, 17  Ticker: FPKERX
 
Description
The Aerospace & Defense Portfolio is a unit investment trust that seeks above-average capital appreciation by investing in companies that could benefit from increased defense spending.
 
Summary
Product Code: AERO17
Portfolio Status: Secondary
Initial Offer Date: 06/30/2017
Secondary Date: 09/28/2017
Portfolio Ending Date: 06/28/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $11.3056
POP(*): $11.5659
Remaining Deferred Sales Charge: $0.2250
* As of Trade Date: 10/16/2017 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 * $0.1127
Subsequent Years * $0.1125
As of 10/16/2017
* 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 0.00%
Health Care  Health Care 0.00%
Industrials  Industrials 91.16%
Information Technology  Information Technology 8.41%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 0.00%
Other  Other 0.43%
 
  Large Mid Small  
Growth  31.36% 42.11% 0.00%  
Value  10.82% 15.28% 0.00%  

 Style Weighting
Large-Cap Growth 31.36%
Large-Cap Value 10.82%
Mid-Cap Growth 42.11%
Mid-Cap Value 15.28%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.43%
 Composition
U.S. Stocks 85.15%   Other 0.43%
Non-U.S. Stocks 14.42%      
The style and sector characteristics of the portfolio are determined as of 10/13/2017 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $35,862.32
Weighted Average Price/Earnings 23.82
Weighted Average Price/Book 4.23
As of 10/13/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Spirit AeroSystems Holdings, Inc. SPR Industrials  Industrials Mid-Cap Growth 4.72%
 Orbital ATK, Inc. OA Industrials  Industrials Mid-Cap Growth 4.66%
 The Boeing Company BA Industrials  Industrials Large-Cap Growth 4.48%
 Teledyne Technologies Incorporated TDY Industrials  Industrials Mid-Cap Growth 4.43%
 Rockwell Collins, Inc. COL Industrials  Industrials Large-Cap Growth 4.40%
 Huntington Ingalls Industries, Inc. HII Industrials  Industrials Mid-Cap Growth 4.29%
 Harris Corporation HRS Information Technology  Information Technology Mid-Cap Growth 4.24%
 Curtiss-Wright Corporation CW Industrials  Industrials Mid-Cap Growth 4.20%
 FLIR Systems, Inc. FLIR Information Technology  Information Technology Mid-Cap Growth 4.17%
 HEICO Corporation HEI Industrials  Industrials Mid-Cap Growth 4.15%
 Arconic Inc. ARNC Industrials  Industrials Mid-Cap Value 4.03%
 Raytheon Company RTN Industrials  Industrials Large-Cap Growth 3.96%
 Northrop Grumman Corporation NOC Industrials  Industrials Large-Cap Growth 3.94%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 3.89%
 Textron Inc. TXT Industrials  Industrials Mid-Cap Value 3.87%
 Hexcel Corporation HXL Industrials  Industrials Mid-Cap Growth 3.87%
 L3 Technologies, Inc. LLL Industrials  Industrials Mid-Cap Value 3.85%
 Safran S.A. (ADR) SAFRY Industrials  Industrials Large-Cap Value 3.77%
 Airbus Group SE (ADR) EADSY Industrials  Industrials Large-Cap Value 3.76%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Growth 3.67%
 Honeywell International Inc. HON Industrials  Industrials Large-Cap Growth 3.66%
 CAE Inc CAE Industrials  Industrials Mid-Cap Value 3.53%
 TransDigm Group Incorporated TDG Industrials  Industrials Mid-Cap Growth 3.38%
 BAE Systems Plc (ADR) BAESY Industrials  Industrials Large-Cap Growth 3.36%
 United Technologies Corporation UTX Industrials  Industrials Large-Cap Value 3.29%
 
Total Number of Holdings:    25
Underlying Securities information represented above is as of 10/13/2017 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 October 20, 2017
$0.07500 November 20, 2017
$0.07500 December 20, 2017

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.

Aerospace & Defense Risk. The companies involved in the aerospace and defense industries are subject to fierce competition, consolidation, adverse political and government developments, substantial research and development costs, limited numbers of potential customers and excess capacity and spending trends. Their products and services may be subject to rapid obsolescence.

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.

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.

Printer Friendly Page Printer Friendly Page

 
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.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2017 All rights reserved.