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High Dividend Equity Opportunity, 3  Ticker: FYIHOX
 
Description
A unit investment trust that seeks above-average total return through a combination of capital appreciation and dividend income by investing in a portfolio of well-capitalized companies with above-average dividend yields.
 
Summary
Product Code: HDEO3
Portfolio Status: Secondary
Initial Offer Date: 01/22/2018
Secondary Date: 04/20/2018
Portfolio Ending Date: 04/22/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.4277
POP(*): $9.5567
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 06/18/2018 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 * $0.3257
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 20.74%
Consumer Staples  Consumer Staples 6.49%
Energy  Energy 5.68%
Financials  Financials 19.24%
Health Care  Health Care 7.18%
Industrials  Industrials 0.00%
Information Technology  Information Technology 8.12%
Materials  Materials 11.97%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 3.78%
Utilities  Utilities 16.66%
Other  Other 0.14%
 
  Large Mid Small  
Growth  10.93% 4.13% 4.24%  
Value  27.59% 42.04% 10.93%  

 Style Weighting
Large-Cap Growth 10.93%
Large-Cap Value 27.59%
Mid-Cap Growth 4.13%
Mid-Cap Value 42.04%
Small-Cap Growth 4.24%
Small-Cap Value 10.93%
Undetermined 0.14%
 Composition
U.S. Stocks 89.05%   Other 0.14%
Non-U.S. Stocks 10.81%      
The style and sector characteristics of the portfolio are determined as of 06/15/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Price/Earnings 12.42
Weighted Average Price/Book 1.95
As of 6/15/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 PBF Energy Inc. PBF Energy  Energy Mid-Cap Value 5.68%
 Kohl's Corporation KSS Consumer Discretionary  Consumer Discretionary Mid-Cap Value 4.48%
 CA, Inc. CA Information Technology  Information Technology Mid-Cap Value 4.47%
 Exelon Corporation EXC Utilities  Utilities Large-Cap Value 4.47%
 OGE Energy Corp. OGE Utilities  Utilities Mid-Cap Value 4.45%
 Old Republic International Corporation ORI Financials  Financials Mid-Cap Value 4.25%
 Innophos Holdings, Inc. IPHS Materials  Materials Small-Cap Growth 4.24%
 General Motors Company GM Consumer Discretionary  Consumer Discretionary Large-Cap Value 4.16%
 Omnicom Group Inc. OMC Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 4.13%
 PacWest Bancorp PACW Financials  Financials Mid-Cap Value 4.10%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Value 4.06%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 4.03%
 Southside Bancshares, Inc. SBSI Financials  Financials Small-Cap Value 4.00%
 LyondellBasell Industries N.V. LYB Materials  Materials Large-Cap Growth 3.95%
 F.N.B. Corporation FNB Financials  Financials Mid-Cap Value 3.94%
 American Electric Power Company, Inc. AEP Utilities  Utilities Large-Cap Value 3.93%
 Garmin Ltd. GRMN Consumer Discretionary  Consumer Discretionary Mid-Cap Value 3.91%
 CenterPoint Energy, Inc. CNP Utilities  Utilities Mid-Cap Value 3.81%
 Verizon Communications Inc. VZ Telecommunication Services  Telecommunication Services Large-Cap Value 3.78%
 Domtar Corporation UFS Materials  Materials Small-Cap Value 3.78%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 3.65%
 Altria Group, Inc. MO Consumer Staples  Consumer Staples Large-Cap Growth 3.33%
 The Kraft Heinz Company KHC Consumer Staples  Consumer Staples Large-Cap Value 3.16%
 Owens & Minor, Inc. OMI Health Care  Health Care Small-Cap Value 3.15%
 Invesco Ltd. IVZ Financials  Financials Mid-Cap Value 2.95%
 
Total Number of Holdings:    25
Underlying Securities information represented above is as of 06/15/2018 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 May 18, 2018
$0.04500 June 20, 2018
$0.04500 July 20, 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.

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.

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.

Fund Cusip Information
30306X667 (Cash)
30306X675 (Reinvest)
30306X683 (Cash-Fee)
30306X691 (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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