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Richard Bernstein Advisors Quality Income, 29  Ticker: FBLYGX
 
Description
A unit investment trust that seeks total return through a combination of dividend income and capital appreciation. The stocks are selected for the trust by Richard Bernstein Advisors LLC using their comprehensive Quality Income strategy.
 
Summary
Product Code: RBAQ29
Portfolio Status: Secondary
Initial Offer Date: 04/23/2018
Secondary Date: 07/20/2018
Portfolio Ending Date: 07/23/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.1654
POP(*): $10.3045
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 09/20/2018 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 * $0.3180
As of 09/17/2018
* 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 8.53%
Consumer Staples  Consumer Staples 0.84%
Energy  Energy 0.00%
Financials  Financials 22.60%
Health Care  Health Care 14.30%
Industrials  Industrials 6.67%
Information Technology  Information Technology 7.03%
Materials  Materials 3.45%
Real Estate  Real Estate 10.86%
Telecommunication Services  Telecommunication Services 3.07%
Utilities  Utilities 22.64%
Other  Other 0.01%
 
  Large Mid Small  
Growth  13.30% 6.67% 13.21%  
Value  23.39% 25.85% 17.57%  

 Style Weighting
Large-Cap Growth 13.30%
Large-Cap Value 23.39%
Mid-Cap Growth 6.67%
Mid-Cap Value 25.85%
Small-Cap Growth 13.21%
Small-Cap Value 17.57%
Undetermined 0.01%
 Composition
U.S. Stocks 78.37%   Other 0.01%
Non-U.S. Stocks 21.62%      
The style and sector characteristics of the portfolio are determined as of 09/19/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $32,112.02
Weighted Average Price/Earnings 16.56
Weighted Average Price/Book 2.17
As of 9/19/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 EPR Properties EPR Real Estate  Real Estate Mid-Cap Value 3.99%
 Fastenal Company FAST Industrials  Industrials Mid-Cap Growth 3.70%
 CVS Health Corporation CVS Health Care  Health Care Large-Cap Value 3.67%
 National Retail Properties, Inc. NNN Real Estate  Real Estate Mid-Cap Value 3.65%
 Paychex, Inc. PAYX Information Technology  Information Technology Large-Cap Growth 3.62%
 LyondellBasell Industries N.V. LYB Materials  Materials Large-Cap Value 3.45%
 Patterson Companies, Inc. PDCO Health Care  Health Care Small-Cap Value 3.43%
 Infosys Limited (ADR) INFY Information Technology  Information Technology Large-Cap Growth 3.41%
 Novartis AG (ADR) NVS Health Care  Health Care Large-Cap Value 3.37%
 National Health Investors, Inc. NHI Real Estate  Real Estate Small-Cap Growth 3.22%
 Novo Nordisk A/S (ADR) NVO Health Care  Health Care Large-Cap Growth 3.16%
 McDonald's Corporation MCD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.11%
 People's United Financial, Inc. PBCT Financials  Financials Mid-Cap Value 3.06%
 Fulton Financial Corporation FULT Financials  Financials Small-Cap Value 2.97%
 Umpqua Holdings Corporation UMPQ Financials  Financials Mid-Cap Value 2.97%
 Watsco, Inc. WSO Industrials  Industrials Mid-Cap Growth 2.97%
 Bank of Hawaii Corporation BOH Financials  Financials Small-Cap Growth 2.97%
 Cracker Barrel Old Country Store, Inc. CBRL Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.74%
 Toyota Motor Corporation (ADR) TM Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.68%
 Southwest Gas Holdings, Inc. SWX Utilities  Utilities Small-Cap Value 2.60%
 IDACORP, Inc. IDA Utilities  Utilities Mid-Cap Value 2.53%
 Federated Investors, Inc. (Class B) FII Financials  Financials Small-Cap Growth 2.53%
 Community Bank System, Inc. CBU Financials  Financials Small-Cap Value 2.50%
 Vectren Corporation VVC Utilities  Utilities Mid-Cap Value 2.49%
 Invesco Ltd. IVZ Financials  Financials Mid-Cap Value 2.48%
 WEC Energy Group, Inc. WEC Utilities  Utilities Large-Cap Value 2.46%
 Eversource Energy ES Utilities  Utilities Large-Cap Value 2.39%
 Alliant Energy Corporation LNT Utilities  Utilities Mid-Cap Value 2.36%
 ALLETE, Inc. ALE Utilities  Utilities Small-Cap Value 2.33%
 Pinnacle West Capital Corporation PNW Utilities  Utilities Mid-Cap Value 2.32%
 Consolidated Edison, Inc. ED Utilities  Utilities Large-Cap Value 2.30%
 PT Telekomunikasi Indonesia (ADR) TLK Telecommunication Services  Telecommunication Services Large-Cap Value 2.00%
 NTT DOCOMO, Inc. (ADR) DCMYY Telecommunication Services  Telecommunication Services Large-Cap Value 1.07%
 City Holding Company CHCO Financials  Financials Small-Cap Growth 0.89%
 Otter Tail Corporation OTTR Utilities  Utilities Small-Cap Growth 0.86%
 NBT Bancorp Inc. NBTB Financials  Financials Small-Cap Value 0.84%
 Weis Markets, Inc. WMK Consumer Staples  Consumer Staples Small-Cap Value 0.84%
 First Busey Corporation BUSE Financials  Financials Small-Cap Value 0.76%
 National HealthCare Corporation NHC Health Care  Health Care Small-Cap Value 0.67%
 TrustCo Bank Corp NY TRST Financials  Financials Small-Cap Value 0.63%
 
Total Number of Holdings:    40
Underlying Securities information represented above is as of 09/19/2018 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 August 20, 2018
$0.04500 September 20, 2018
$0.04500 October 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.

Cybersecurity Risk. Cybersecurity companies are subject to the risks set forth in "Information Technology". In addition to their cybersecurity business, certain of these companies may be involved in other businesses unrelated to cybersecurity. Negative performance by a company's other business operations may have a negative effect on a company's stock performance, even in situations in which they are deriving positive results from their cybersecurity business.

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.

Foreign Currency Value Fluctuation Risk. Securities of foreign issuers not listed on a U.S. securities exchange generally pay dividends and trade in foreign currencies and therefore, the U.S. dollar value of these securities will vary with fluctuations in foreign exchange rates. This could result in a decrease in value of these securities held by the trust. Most foreign currencies have fluctuated widely in value against the U.S. dollar for various economic and political reasons.

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.

REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

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
30307G580 (Cash)
30307G598 (Reinvest)
30307G606 (Cash-Fee)
30307G614 (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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