Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 

Richard Bernstein Advisors Quality Income, 32  Ticker: FQLSTX
 
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: RBAQ32
Portfolio Status: Primary
Initial Offer Date: 01/04/2019
Portfolio Ending Date: 04/06/2020
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Historical 12-Month Distribution Rate of Trust Holdings:^ 2.98%
Initial Offer Price: $10.0000
NAV(*): $11.0363
POP(*): $11.1934
Remaining Deferred Sales Charge: $0.1350
* 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 0.00%
Consumer Discretionary  Consumer Discretionary 17.64%
Consumer Staples  Consumer Staples 4.13%
Energy  Energy 0.00%
Financials  Financials 32.15%
Health Care  Health Care 0.00%
Industrials  Industrials 8.64%
Information Technology  Information Technology 8.99%
Materials  Materials 0.00%
Real Estate  Real Estate 12.31%
Utilities  Utilities 16.01%
Other  Other 0.13%
 
  Large Mid Small  
Growth  17.02% 22.10% 10.23%  
Value  11.51% 23.87% 15.14%  

 Style Weighting
Large-Cap Growth 17.02%
Large-Cap Value 11.51%
Mid-Cap Growth 22.10%
Mid-Cap Value 23.87%
Small-Cap Growth 10.23%
Small-Cap Value 15.14%
Undetermined 0.13%
 Composition
U.S. Stocks 99.87%   Other 0.13%
Non-U.S. Stocks 0.00%      
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 $24,076.73
Weighted Average Price/Earnings 16.51
Weighted Average Price/Book 2.17
As of 2/20/2019
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Wyndham Destinations, Inc. WYND Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 5.08%
 Hubbell Incorporated HUBB Industrials  Industrials Mid-Cap Growth 4.70%
 Texas Instruments Incorporated TXN Information Technology  Information Technology Large-Cap Growth 4.56%
 Paychex, Inc. PAYX Information Technology  Information Technology Large-Cap Growth 4.43%
 Genuine Parts Company GPC Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 4.41%
 EPR Properties EPR Real Estate  Real Estate Mid-Cap Value 4.34%
 Provident Financial Services, Inc. PFS Financials  Financials Small-Cap Value 4.28%
 The Cheesecake Factory Incorporated CAKE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 4.18%
 Eversource Energy ES Utilities  Utilities Large-Cap Value 4.17%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 4.13%
 National Retail Properties, Inc. NNN Real Estate  Real Estate Mid-Cap Value 4.07%
 Evergy, Inc. EVRG Utilities  Utilities Mid-Cap Value 4.04%
 Cracker Barrel Old Country Store, Inc. CBRL Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.97%
 Consolidated Edison, Inc. ED Utilities  Utilities Large-Cap Value 3.97%
 Watsco, Inc. WSO Industrials  Industrials Mid-Cap Growth 3.94%
 Public Storage PSA Real Estate  Real Estate Large-Cap Growth 3.90%
 Otter Tail Corporation OTTR Utilities  Utilities Small-Cap Growth 3.83%
 T. Rowe Price Group, Inc. TROW Financials  Financials Large-Cap Value 3.37%
 TrustCo Bank Corp NY TRST Financials  Financials Small-Cap Value 3.24%
 Bank OZK OZK Financials  Financials Mid-Cap Value 2.53%
 F.N.B. Corporation FNB Financials  Financials Mid-Cap Value 2.28%
 Trustmark Corporation TRMK Financials  Financials Small-Cap Value 2.26%
 People's United Financial, Inc. PBCT Financials  Financials Mid-Cap Value 2.22%
 Bank of Hawaii Corporation BOH Financials  Financials Small-Cap Growth 2.22%
 United Bankshares, Inc. UBSI Financials  Financials Mid-Cap Value 2.20%
 Associated Banc-Corp ASB Financials  Financials Mid-Cap Value 2.19%
 Hope Bancorp, Inc. HOPE Financials  Financials Small-Cap Value 2.19%
 Fulton Financial Corporation FULT Financials  Financials Small-Cap Value 2.00%
 Sandy Spring Bancorp, Inc. SASR Financials  Financials Small-Cap Value 0.61%
 First Busey Corporation BUSE Financials  Financials Small-Cap Value 0.56%
 
Total Number of Holdings:    30
Underlying Securities information represented above is as of 02/20/2019 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.19%
  Deferred:  1.21%
C&D Fee:    0.45%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30310P387 Cash Monthly
30310P395 Reinvest Monthly
* Based on the offer price as of 02/20/2019 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.45%
Maximum Sales Charge:   0.45%
CUSIP Type Distribution
30310P403 Cash-Fee Monthly
30310P411 Reinvest-Fee Monthly
* Based on the NAV price as of 02/20/2019 4:00pm ET
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

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

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.

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.

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
30310P387 (Cash)
30310P395 (Reinvest)
30310P403 (Cash-Fee)
30310P411 (Reinvest-Fee)
Printer Friendly Page Printer Friendly Page

 
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.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.