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Stonebridge Preferred Income, 18  Ticker: FAISLX
 
Description
A unit investment trust that seeks a high rate of current income by investing in a diversified portfolio of preferred securities.
 
Summary
Product Code: SPRI18
Portfolio Status: Secondary
Initial Offer Date: 06/15/2018
Secondary Date: 08/07/2018
Portfolio Ending Date: 06/15/2020
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.5315
POP(*): $9.7509
Remaining Deferred Sales Charge: $0.1500
* As of Trade Date: 09/21/2018 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 * $0.5491
Subsequent Years * $0.5481
As of 09/17/2018
* 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  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 Citigroup Inc., Series K, 6.875%, Variable Rate C.K 4.10%
 Aspen Insurance Holdings Limited, 5.950%, Variable Rate AHL.C 3.47%
 Wells Fargo & Company, 6.625%, Variable Rate WFC.R 3.03%
 eBay Inc., 6.000%, Due 02/01/2056 EBAYL 3.01%
 SCE Trust V, Series K, 5.450%, Variable Rate SCE.K 3.00%
 U.S. Bancorp, Series F, 6.500%, Variable Rate USB.M 2.95%
 KeyCorp, Series E, 6.125%, Variable Rate KEY.I 2.53%
 Enbridge Inc., Series B, 6.375% Variable Rate, Due 04/15/2078 ENBA 2.51%
 VEREIT, Inc., Series F, 6.700% VER.F 2.48%
 Regions Financial Corporation, Series B, 6.375%, Variable Rate RF.B 2.48%
 Capital One Financial Corporation, Series H, 6.00% COF.H 2.48%
 State Street Corporation, Series D, 5.900%, Variable Rate STT.D 2.00%
 United States Cellular Corporation, 7.250%, Due 12/01/2064 UZC 2.00%
 The PNC Financial Services Group, Inc., Series P, 6.125%, Variable Rate PNC.P 1.99%
 State Street Corporation, Series G, 5.350%, Variable Rate STT.G 1.99%
 The Goldman Sachs Group, Inc., Series K, 6.375%, Variable Rate GS.K 1.98%
 The Goldman Sachs Group, Inc., Series J, 5.500%, Variable Rate GS.J 1.96%
 The Charles Schwab Corporation, Series D, 5.950% SCHW.D 1.96%
 The Hartford Financial Services Group, Inc., 7.875%, Variable Rate, Due 04/15/2042 HGH 1.95%
 People's United Financial, Inc., Series A, 5.625%, Variable Rate PBCTP 1.53%
 Morgan Stanley, Series F, 6.875%, Variable Rate MS.F 1.52%
 Reinsurance Group of America, Incorporated, 5.750%, Variable Rate, Due 06/15/2056 RZB 1.52%
 Reinsurance Group of America, Incorporated, 6.200%, Variable Rate, Due 09/15/2042 RZA 1.51%
 Morgan Stanley, Series E, 7.125%, Variable Rate MS.E 1.51%
 W.R. Berkley Corporation, 5.750%, Due 06/01/2056 WRB.D 1.51%
 American Financial Group, Inc., 6.000%, Due 11/15/2055 AFGH 1.50%
 Validus Holdings Ltd., 5.800% VR.B 1.50%
 CHS Inc., Series 2, 7.100%, Variable Rate CHSCN 1.49%
 JPMorgan Chase & Co., Series T, 6.700% JPM.B 1.48%
 PartnerRe Ltd., Series H, 7.250% PRE.H 1.48%
 JPMorgan Chase & Co., Series BB, 6.150% JPM.H 1.47%
 CHS Inc., Series 3, 6.750%, Variable Rate CHSCM 1.46%
 Qwest Corporation, 6.500%, Due 09/01/2056 CTBB 1.09%
 Qwest Corporation, 7.000%, Due 02/01/2056 CTAA 1.04%
 Annaly Capital Management, Inc., Series F, 6.95% Variable Rate NLY.F 1.03%
 AGNC Investment Corp., Series C, 7.00% Variable Rate AGNCN 1.03%
 Colony Capital, Inc., Series J, 7.125% CLNY.J 1.03%
 Fifth Third Bancorp, Series I, 6.625%, Variable Rate FITBI 1.02%
 Bank of America Corporation, Series CC, 6.200% BAC.C 1.01%
 W.R. Berkley Corporation, 5.900%, Due 03/01/2056 WRB.C 1.01%
 Colony Capital, Inc., Series E, 8.75% CLNY.E 1.01%
 Two Harbors Investment Corp., Series B, 7.625% Variable Rate TWO.B 1.01%
 Digital Realty Trust, Inc., Series C, 6.625%, Due 12/31/2049 DLR.C 1.01%
 Wells Fargo & Company, 5.850%, Variable Rate WFC.Q 1.00%
 Bank of America Corporation, Series W, 6.625% BAC.W 1.00%
 United States Cellular Corporation, 7.250%, Due 12/01/2063 UZB 1.00%
 BrightSphere Investment Group Plc, 5.125%, Due 08/01/2031 BSA 1.00%
 Legg Mason, Inc., 6.375%, Due 03/15/2056 LMHA 1.00%
 Morgan Stanley, Series K, 5.850%, Variable Rate MS.K 1.00%
 New York Community Bancorp, Inc., Series A, 6.375%, Variable Rate NYCB.A 1.00%
 MB Financial, Inc., Series C, 6.00% MBFIO 1.00%
 Bank of America Corporation, Series GG, 6.00% BAC.B 1.00%
 The Allstate Corporation, Series E, 6.625% ALL.E 0.99%
 Bank of America Corporation, Series Y, 6.500% BAC.Y 0.99%
 Torchmark Corporation, 6.125%, Due 06/15/2056 TMK.C 0.99%
 American Homes 4 Rent, Series D, 6.500% AMH.D 0.99%
 Stifel Financial Corp., Series A, 6.250% SF.A 0.99%
 Valley National Bancorp, Series B, 5.50% Variable Rate VLY.B 0.99%
 The Allstate Corporation, 5.100%, Variable Rate, Due 01/15/2053 ALL.B 0.98%
 Capital One Financial Corporation, Series D, 6.700% COF.D 0.98%
 AmTrust Financial Services, Inc., 7.500%, Due 09/15/2055 AFST 0.98%
 AmTrust Financial Services, Inc., 7.250%, Due 06/15/2055 AFSS 0.98%
 American Homes 4 Rent, Series E, 6.350% AMH.E 0.98%
 JPMorgan Chase & Co., Series AA, 6.100% JPM.G 0.50%
 CHS Inc., Series 4, 7.50% CHSCL 0.49%
 Aspen Insurance Holdings Limited, 5.625% AHL.D 0.49%
 
Total Number of Holdings:    66
Underlying Securities information represented above is as of 09/21/2018 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 September 20, 2018
$0.07500 October 19, 2018
$0.07500 November 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.

High-Yield or Junk Bonds Risk. Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

Preferred Securities Risk. Preferred securities are equity securities of the issuing company which pay income in the form of dividends. Preferred securities are typically subordinated to bonds and other debt instruments in a company's capital structure, and therefore will be subject to greater credit risk than those debt instruments.

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.

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.

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
30309N104 (Cash)
30309N112 (Reinvest)
30309N120 (Cash-Fee)
30309N138 (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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