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SMid Capital Strength Opportunity, 7  Ticker: FEITRX
 
Description
A unit investment trust that seeks above average capital appreciation by investing in a portfolio of small- and mid-capitalization companies which have strong balance sheets.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: SMCO7
Portfolio Status: Secondary
Initial Offer Date: 12/12/2018
Secondary Date: 03/11/2019
Portfolio Ending Date: 03/12/2020
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Historical 12-Month Distribution Rate of Trust Holdings:^ 1.08%
Initial Offer Price: $10.0000
NAV(*): $10.6683
POP(*): $10.8143
Remaining Deferred Sales Charge: $0.0900
* As of Trade Date: 03/22/2019 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. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. PLEASE NOTE: For trusts that hold preferred securities, the historical distribution rate is calculated using only the holdings that have 12 months of distribution history. Any holdings without a 12 month history of dividends were excluded from the calculation. 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 0.00%
Consumer Discretionary  Consumer Discretionary 19.03%
Consumer Staples  Consumer Staples 2.22%
Energy  Energy 0.00%
Financials  Financials 11.40%
Health Care  Health Care 17.75%
Industrials  Industrials 24.96%
Information Technology  Information Technology 17.30%
Materials  Materials 7.10%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.24%
 
  Large Mid Small  
Growth  0.00% 55.65% 16.77%  
Value  0.00% 24.82% 2.52%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 55.65%
Mid-Cap Value 24.82%
Small-Cap Growth 16.77%
Small-Cap Value 2.52%
Undetermined 0.24%
 Composition
U.S. Stocks 99.76%   Other 0.24%
Non-U.S. Stocks 0.00%      
The style and sector characteristics of the portfolio are determined as of 03/22/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $5,402.12
Weighted Average Price/Earnings 16.17
Weighted Average Price/Book 3.49
As of 3/22/2019
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Versum Materials, Inc. VSM Information Technology  Information Technology Mid-Cap Growth 3.98%
 MKS Instruments, Inc. MKSI Information Technology  Information Technology Mid-Cap Value 3.05%
 Enanta Pharmaceuticals, Inc. ENTA Health Care  Health Care Small-Cap Growth 2.92%
 Masimo Corporation MASI Health Care  Health Care Mid-Cap Growth 2.75%
 Lumentum Holdings Inc. LITE Information Technology  Information Technology Mid-Cap Value 2.71%
 Cabot Microelectronics Corporation CCMP Information Technology  Information Technology Small-Cap Growth 2.67%
 Ciena Corporation CIEN Information Technology  Information Technology Mid-Cap Value 2.64%
 Five Below, Inc. FIVE Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.64%
 Nordson Corporation NDSN Industrials  Industrials Mid-Cap Growth 2.63%
 Evercore Inc. EVR Financials  Financials Mid-Cap Growth 2.61%
 Primerica, Inc. PRI Financials  Financials Mid-Cap Growth 2.59%
 Graco Inc. GGG Industrials  Industrials Mid-Cap Growth 2.58%
 Oshkosh Corporation OSK Industrials  Industrials Mid-Cap Value 2.58%
 Carter's, Inc. CRI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.56%
 EMCOR Group, Inc. EME Industrials  Industrials Mid-Cap Value 2.54%
 IDEX Corporation IEX Industrials  Industrials Mid-Cap Growth 2.53%
 Hill-Rom Holdings, Inc. HRC Health Care  Health Care Mid-Cap Growth 2.52%
 Louisiana-Pacific Corporation LPX Materials  Materials Small-Cap Value 2.52%
 Old Dominion Freight Line, Inc. ODFL Industrials  Industrials Mid-Cap Growth 2.51%
 Exelixis, Inc. EXEL Health Care  Health Care Mid-Cap Growth 2.50%
 Hubbell Incorporated HUBB Industrials  Industrials Mid-Cap Growth 2.48%
 Steel Dynamics, Inc. STLD Materials  Materials Mid-Cap Value 2.46%
 Williams-Sonoma, Inc. WSM Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.46%
 Steven Madden, Ltd. SHOO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.46%
 HealthEquity, Inc. HQY Health Care  Health Care Mid-Cap Growth 2.45%
 Herman Miller, Inc. MLHR Industrials  Industrials Small-Cap Growth 2.43%
 Molina Healthcare, Inc. MOH Health Care  Health Care Mid-Cap Growth 2.43%
 Crane Co. CR Industrials  Industrials Mid-Cap Growth 2.39%
 American Eagle Outfitters, Inc. AEO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.37%
 East West Bancorp, Inc. EWBC Financials  Financials Mid-Cap Value 2.30%
 Lincoln Electric Holdings, Inc. LECO Industrials  Industrials Mid-Cap Growth 2.29%
 MAXIMUS, Inc. MMS Information Technology  Information Technology Mid-Cap Growth 2.25%
 Ingredion Incorporated INGR Consumer Staples  Consumer Staples Mid-Cap Value 2.22%
 Texas Roadhouse, Inc. TXRH Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.22%
 Supernus Pharmaceuticals, Inc. SUPN Health Care  Health Care Small-Cap Growth 2.18%
 Polaris Industries Inc. PII Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.16%
 Gentex Corporation GNTX Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.16%
 Old Republic International Corporation ORI Financials  Financials Mid-Cap Value 2.16%
 RPM International Inc. RPM Materials  Materials Mid-Cap Growth 2.12%
 Universal Insurance Holdings, Inc. UVE Financials  Financials Small-Cap Growth 1.74%
 
Total Number of Holdings:    40
Underlying Securities information represented above is as of 03/22/2019 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 March 20, 2019
$0.04500 April 18, 2019
$0.04500 May 20, 2019

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.

Industrials Risk. The companies engaged in the industrials sector are subject to a deterioration in the general state of the economy, intense competition, domestic and international politics, excess capacity and changing spending trends.

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
30310J720 (Cash)
30310J738 (Reinvest)
30310J746 (Cash-Fee)
30310J753 (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, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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