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Tactical Alpha, 18  Ticker: FZLQNX
A unit investment trust that seeks to provide above-average capital appreciation by investing in stocks from within specific areas of the market where we believe tactical opportunities currently exist.
Product Code: TALP18
Portfolio Status: Secondary
Initial Offer Date: 09/14/2018
Secondary Date: 12/12/2018
Portfolio Ending Date: 12/16/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
Historical 12-Month Distribution Rate of Trust Holdings:^ 1.48%
Initial Offer Price: $10.0000
NAV(*): $8.9322
POP(*): $9.0544
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 02/20/2019 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.
^There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical distribution rate of the securities included in the trust is for illustrative purposes only and is not indicative of the trust's distribution rate. The historical distribution rate is calculated by dividing the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio by the trust's offering price and is reduced to account for the effects of fees and expenses which will be incurred when investing in a trust. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution rate paid by the trust may be higher or lower than the amount shown above due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, or the sale of securities in the portfolio.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 5.33%
Consumer Discretionary  Consumer Discretionary 13.75%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 9.62%
Financials  Financials 22.05%
Health Care  Health Care 3.65%
Industrials  Industrials 14.99%
Information Technology  Information Technology 18.61%
Materials  Materials 11.92%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.08%
  Large Mid Small  
Growth  37.27% 5.95% 3.49%  
Value  41.75% 9.95% 1.51%  

 Style Weighting
Large-Cap Growth 37.27%
Large-Cap Value 41.75%
Mid-Cap Growth 5.95%
Mid-Cap Value 9.95%
Small-Cap Growth 3.49%
Small-Cap Value 1.51%
Undetermined 0.08%
U.S. Stocks 91.00%   Other 0.08%
Non-U.S. Stocks 8.92%      
The style and sector characteristics of the portfolio are determined as of 02/20/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $137,341.03
Weighted Average Price/Earnings 14.93
Weighted Average Price/Book 2.34
As of 2/20/2019
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 Rio Tinto Plc (ADR) RIO Materials  Materials Large-Cap Value 2.66%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 2.55%
 O'Reilly Automotive, Inc. ORLY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.53%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 2.51%
 Oshkosh Corporation OSK Industrials  Industrials Mid-Cap Value 2.41%
 Union Pacific Corporation UNP Industrials  Industrials Large-Cap Growth 2.36%
 MKS Instruments, Inc. MKSI Information Technology  Information Technology Mid-Cap Value 2.28%
 Glencore Plc (ADR) GLNCY Materials  Materials Large-Cap Value 2.22%
 salesforce.com, inc. CRM Information Technology  Information Technology Large-Cap Growth 2.19%
 The Walt Disney Company DIS Communication Services  Communication Services Large-Cap Value 2.18%
 Mastercard Incorporated MA Information Technology  Information Technology Large-Cap Growth 2.12%
 SunTrust Banks, Inc. STI Financials  Financials Large-Cap Value 2.11%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 2.11%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 2.10%
 Bank of America Corporation BAC Financials  Financials Large-Cap Value 2.10%
 BlackRock, Inc. BLK Financials  Financials Large-Cap Value 2.10%
 Royal Dutch Shell Plc (Class B) (ADR) RDS/B Energy  Energy Large-Cap Value 2.09%
 ConocoPhillips COP Energy  Energy Large-Cap Value 2.08%
 Nucor Corporation NUE Materials  Materials Large-Cap Value 2.06%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 2.06%
 Honeywell International Inc. HON Industrials  Industrials Large-Cap Growth 2.04%
 JPMorgan Chase & Co. JPM Financials  Financials Large-Cap Value 2.03%
 Citizens Financial Group, Inc. CFG Financials  Financials Large-Cap Value 2.03%
 Raytheon Company RTN Industrials  Industrials Large-Cap Growth 2.02%
 Adobe Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 2.01%
 Old Dominion Freight Line, Inc. ODFL Industrials  Industrials Mid-Cap Growth 2.01%
 The TJX Companies, Inc. TJX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.00%
 WellCare Health Plans, Inc. WCG Health Care  Health Care Mid-Cap Growth 2.00%
 Alphabet Inc. (Class C) GOOG Communication Services  Communication Services Large-Cap Growth 2.00%
 Fortive Corporation FTV Industrials  Industrials Large-Cap Growth 1.99%
 Citigroup Inc. C Financials  Financials Large-Cap Value 1.98%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.96%
 Amazon.com, Inc. AMZN Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.94%
 Evercore Inc. EVR Financials  Financials Mid-Cap Growth 1.94%
 Total S.A. (ADR) TOT Energy  Energy Large-Cap Value 1.93%
 Morgan Stanley MS Financials  Financials Large-Cap Value 1.91%
 Gentex Corporation GNTX Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.90%
 The Goldman Sachs Group, Inc. GS Financials  Financials Large-Cap Value 1.90%
 Capital One Financial Corporation COF Financials  Financials Large-Cap Value 1.84%
 EOG Resources, Inc. EOG Energy  Energy Large-Cap Value 1.84%
 Stamps.com Inc. STMP Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.82%
 Steel Dynamics, Inc. STLD Materials  Materials Mid-Cap Value 1.78%
 DowDuPont Inc. DWDP Materials  Materials Large-Cap Value 1.75%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 1.68%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 1.65%
 Supernus Pharmaceuticals, Inc. SUPN Health Care  Health Care Small-Cap Growth 1.65%
 Thor Industries, Inc. THO Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.58%
 Boise Cascade Company BCC Materials  Materials Small-Cap Value 1.45%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 1.24%
 Activision Blizzard, Inc. ATVI Communication Services  Communication Services Large-Cap Value 1.15%
 Resideo Technologies Inc. REZI Industrials  Industrials Small-Cap Value 0.06%
 Garrett Motion Inc. GTX Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.02%
Total Number of Holdings:    52
Underlying Securities information represented above is as of 02/20/2019 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.

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.

Term Risk - 15 months. Although this unit investment trust terminates in approximately 15 months, 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.

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
30309W104 (Cash)
30309W112 (Reinvest)
30309W120 (Cash-Fee)
30309W138 (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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