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Income Dividend Equity Allocation (IDEA), 15  Ticker: FQMWLX
 
Description
A unit investment trust that seeks above-average total return through a combination of capital appreciation and dividend income by investing in equity securities that are selected by Confluence Investment Management LLC using a comprehensive evaluation process.
 
Summary
Product Code: IDEA15
Portfolio Status: Secondary
Initial Offer Date: 01/19/2018
Secondary Date: 04/18/2018
Portfolio Ending Date: 01/21/2020
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.4156
POP(*): $9.6323
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 06/20/2018 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 * $0.1822
As of 06/18/2018
* 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 15.24%
Consumer Staples  Consumer Staples 9.16%
Energy  Energy 5.76%
Financials  Financials 19.42%
Health Care  Health Care 10.01%
Industrials  Industrials 15.75%
Information Technology  Information Technology 13.63%
Materials  Materials 4.04%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 6.88%
Other  Other 0.11%
 
  Large Mid Small  
Growth  41.77% 14.27% 2.40%  
Value  29.79% 9.49% 2.17%  

 Style Weighting
Large-Cap Growth 41.77%
Large-Cap Value 29.79%
Mid-Cap Growth 14.27%
Mid-Cap Value 9.49%
Small-Cap Growth 2.40%
Small-Cap Value 2.17%
Undetermined 0.11%
 Composition
U.S. Stocks 88.23%   Other 0.11%
Non-U.S. Stocks 11.66%      
The style and sector characteristics of the portfolio are determined as of 06/20/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $96,916.07
Weighted Average Price/Earnings 25.52
Weighted Average Price/Book 3.86
As of 6/19/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 The TJX Companies, Inc. TJX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.66%
 Mastercard Incorporated MA Information Technology  Information Technology Large-Cap Growth 2.55%
 NIKE, Inc. (Class B) NKE Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.49%
 Cullen/Frost Bankers, Inc. CFR Financials  Financials Mid-Cap Value 2.42%
 Commerce Bancshares, Inc. CBSH Financials  Financials Mid-Cap Value 2.41%
 Expeditors International of Washington, Inc. EXPD Industrials  Industrials Mid-Cap Growth 2.41%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 2.40%
 New Jersey Resources Corporation NJR Utilities  Utilities Small-Cap Growth 2.40%
 MDU Resources Group, Inc. MDU Utilities  Utilities Mid-Cap Value 2.36%
 Brown & Brown, Inc. BRO Financials  Financials Mid-Cap Value 2.30%
 T. Rowe Price Group, Inc. TROW Financials  Financials Large-Cap Growth 2.29%
 Stryker Corporation SYK Health Care  Health Care Large-Cap Growth 2.24%
 Analog Devices, Inc. ADI Information Technology  Information Technology Large-Cap Value 2.20%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.17%
 Northern Trust Corporation NTRS Financials  Financials Large-Cap Value 2.17%
 Paychex, Inc. PAYX Information Technology  Information Technology Large-Cap Growth 2.17%
 MTS Systems Corporation MTSC Information Technology  Information Technology Small-Cap Value 2.17%
 Nordstrom, Inc. JWN Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.14%
 Accenture Plc ACN Information Technology  Information Technology Large-Cap Growth 2.14%
 The Southern Company SO Utilities  Utilities Large-Cap Value 2.12%
 Becton, Dickinson and Company BDX Health Care  Health Care Large-Cap Value 2.11%
 Medtronic Plc MDT Health Care  Health Care Large-Cap Value 2.08%
 American Express Company AXP Financials  Financials Large-Cap Growth 2.05%
 Graco Inc. GGG Industrials  Industrials Mid-Cap Growth 2.05%
 Praxair, Inc. PX Materials  Materials Large-Cap Growth 2.05%
 Polaris Industries Inc. PII Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.02%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 2.01%
 M&T Bank Corporation MTB Financials  Financials Large-Cap Value 2.00%
 Air Products and Chemicals, Inc. APD Materials  Materials Large-Cap Value 1.99%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Growth 1.98%
 McDonald's Corporation MCD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.96%
 Chubb Limited CB Financials  Financials Large-Cap Value 1.96%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 1.94%
 United Technologies Corporation UTX Industrials  Industrials Large-Cap Value 1.94%
 Donaldson Company, Inc. DCI Industrials  Industrials Mid-Cap Growth 1.94%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 1.91%
 The Clorox Company CLX Consumer Staples  Consumer Staples Mid-Cap Growth 1.89%
 PepsiCo, Inc. PEP Consumer Staples  Consumer Staples Large-Cap Growth 1.88%
 Nestle S.A. (ADR) NSRGY Consumer Staples  Consumer Staples Large-Cap Value 1.84%
 Novartis AG (ADR) NVS Health Care  Health Care Large-Cap Value 1.83%
 SEI Investments Company SEIC Financials  Financials Mid-Cap Growth 1.82%
 Illinois Tool Works Inc. ITW Industrials  Industrials Large-Cap Growth 1.81%
 Schlumberger Limited SLB Energy  Energy Large-Cap Value 1.81%
 Starbucks Corporation SBUX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.80%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Value 1.79%
 Colgate-Palmolive Company CL Consumer Staples  Consumer Staples Large-Cap Growth 1.76%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 1.75%
 3M Company MMM Industrials  Industrials Large-Cap Growth 1.71%
 
Total Number of Holdings:    48
Underlying Securities information represented above is as of 06/20/2018 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.

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.

Operational Risk. As the use of Internet technology has become more prevalent in the course of business, the trust has become more susceptible to potential operational risks through breaches in cyber security.

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.

Fund Cusip Information
30306X584 (Cash)
30306X592 (Reinvest)
30306X600 (Cash-Fee)
30306X618 (Reinvest-Fee)
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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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