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       
 
 

Banking Opportunity, 26  Ticker: FRMKBX
 
Description
A unit investment trust that seeks above-average capital appreciation by investing in a diversified portfolio of commercial banks.
 
Summary
Product Code: BKOP26
Portfolio Status: Secondary
Initial Offer Date: 06/19/2017
Secondary Date: 09/15/2017
Portfolio Ending Date: 09/19/2018
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.0648
POP(*): $10.2025
Remaining Deferred Sales Charge: $0.0900
* 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 Per Unit * $0.1666
As of 10/16/2017
* 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 0.00%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 0.00%
Financials  Financials 100.00%
Health Care  Health Care 0.00%
Industrials  Industrials 0.00%
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 0.00%
 
  Large Mid Small  
Growth  0.00% 0.00% 3.47%  
Value  44.39% 42.23% 9.91%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 44.39%
Mid-Cap Growth 0.00%
Mid-Cap Value 42.23%
Small-Cap Growth 3.47%
Small-Cap Value 9.91%
Undetermined 0.00%
 Composition
U.S. Stocks 100.00%   Other 0.00%
Non-U.S. Stocks 0.00%      
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 $52,210.52
Weighted Average Price/Earnings 16.65
Weighted Average Price/Book 1.42
As of 10/13/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Flagstar Bancorp, Inc. FBC Financials  Financials Small-Cap Value 3.68%
 Citigroup Inc. C Financials  Financials Large-Cap Value 3.64%
 JPMorgan Chase & Co. JPM Financials  Financials Large-Cap Value 3.58%
 Fifth Third Bancorp FITB Financials  Financials Large-Cap Value 3.56%
 Bank of America Corporation BAC Financials  Financials Large-Cap Value 3.56%
 Chemical Financial Corporation CHFC Financials  Financials Mid-Cap Value 3.54%
 The PNC Financial Services Group, Inc. PNC Financials  Financials Large-Cap Value 3.53%
 Zions Bancorporation ZION Financials  Financials Mid-Cap Value 3.48%
 Eagle Bancorp, Inc. EGBN Financials  Financials Small-Cap Growth 3.47%
 Western Alliance Bancorporation WAL Financials  Financials Mid-Cap Value 3.43%
 SunTrust Banks, Inc. STI Financials  Financials Large-Cap Value 3.41%
 BB&T Corporation BBT Financials  Financials Large-Cap Value 3.40%
 Capital One Financial Corporation COF Financials  Financials Large-Cap Value 3.38%
 Sterling Bancorp STL Financials  Financials Mid-Cap Value 3.36%
 U.S. Bancorp USB Financials  Financials Large-Cap Value 3.35%
 Huntington Bancshares Incorporated HBAN Financials  Financials Mid-Cap Value 3.34%
 Regions Financial Corporation RF Financials  Financials Large-Cap Value 3.33%
 Comerica Incorporated CMA Financials  Financials Mid-Cap Value 3.29%
 Citizens Financial Group, Inc. CFG Financials  Financials Large-Cap Value 3.29%
 MB Financial, Inc. MBFI Financials  Financials Mid-Cap Value 3.26%
 First Interstate BancSystem, Inc. FIBK Financials  Financials Small-Cap Value 3.26%
 Cullen/Frost Bankers, Inc. CFR Financials  Financials Mid-Cap Value 3.20%
 Wells Fargo & Company WFC Financials  Financials Large-Cap Value 3.20%
 East West Bancorp, Inc. EWBC Financials  Financials Mid-Cap Value 3.19%
 PacWest Bancorp PACW Financials  Financials Mid-Cap Value 3.19%
 F.N.B. Corporation FNB Financials  Financials Mid-Cap Value 3.18%
 KeyCorp KEY Financials  Financials Large-Cap Value 3.16%
 Bank of the Ozarks, Inc. OZRK Financials  Financials Mid-Cap Value 3.01%
 Hope Bancorp, Inc. HOPE Financials  Financials Small-Cap Value 2.97%
 Signature Bank SBNY Financials  Financials Mid-Cap Value 2.76%
 
Total Number of Holdings:    30
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
$0.04500 September 20, 2017
$0.04500 October 20, 2017
$0.04500 November 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.

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.

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

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.

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.