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SMid Capital Strength, 42  Ticker: FQHRNX
 
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: SMCS42
Portfolio Status: Secondary
Initial Offer Date: 04/23/2019
Secondary Date: 07/22/2019
Portfolio Ending Date: 04/23/2021
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.0117
POP(*): $9.2191
Remaining Deferred Sales Charge: $0.0750
* As of Trade Date: 10/15/2019 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.

 Historical 12-Month Distribution of Trust Holdings:^
Rate (as of 10/15/2019) Per Unit (as of 10/14/2019)
0.84% $0.07750
^There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical 12-month distribution per unit and historical 12-month distribution rate of the securities included in the trust are for illustrative purposes only and are not indicative of the trust's distribution or distribution rate. The historical 12-month distribution per unit is based on the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio. The historical 12-month distribution rate is calculated by dividing the historical 12-month distributions by the trust's offering price. The historical 12-month distribution and rate are 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 per unit and 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 22.05%
Consumer Staples  Consumer Staples 1.79%
Energy  Energy 0.99%
Financials  Financials 17.43%
Health Care  Health Care 16.74%
Industrials  Industrials 26.65%
Information Technology  Information Technology 11.25%
Materials  Materials 2.77%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.33%
 
  Large Mid Small  
Growth  0.00% 44.84% 28.01%  
Value  0.00% 15.45% 11.37%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 44.84%
Mid-Cap Value 15.45%
Small-Cap Growth 28.01%
Small-Cap Value 11.37%
Undetermined 0.33%
 Composition
U.S. Stocks 99.67%   Other 0.33%
Non-U.S. Stocks 0.00%      
The style and sector characteristics of the portfolio are determined as of 10/15/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $4,767.98
Weighted Average Price/Earnings 16.21
Weighted Average Price/Book 3.33
As of 10/15/2019
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Gentex Corporation GNTX Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.27%
 Installed Building Products, Inc. IBP Consumer Discretionary  Consumer Discretionary Small-Cap Growth 3.27%
 Herman Miller, Inc. MLHR Industrials  Industrials Small-Cap Growth 3.17%
 Masimo Corporation MASI Health Care  Health Care Mid-Cap Growth 3.16%
 CSG Systems International, Inc. CSGS Information Technology  Information Technology Small-Cap Growth 3.11%
 Cabot Microelectronics Corporation CCMP Information Technology  Information Technology Mid-Cap Growth 3.01%
 Old Dominion Freight Line, Inc. ODFL Industrials  Industrials Mid-Cap Growth 2.91%
 EMCOR Group, Inc. EME Industrials  Industrials Mid-Cap Value 2.86%
 Hubbell Incorporated HUBB Industrials  Industrials Mid-Cap Growth 2.82%
 NMI Holdings, Inc. (Class A) NMIH Financials  Financials Small-Cap Growth 2.81%
 Brunswick Corporation BC Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.77%
 Louisiana-Pacific Corporation LPX Materials  Materials Small-Cap Growth 2.77%
 IDEX Corporation IEX Industrials  Industrials Mid-Cap Growth 2.76%
 PRA Health Sciences, Inc. PRAH Health Care  Health Care Mid-Cap Growth 2.74%
 Dick's Sporting Goods, Inc. DKS Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.71%
 Insight Enterprises, Inc. NSIT Information Technology  Information Technology Small-Cap Value 2.65%
 Charles River Laboratories International, Inc. CRL Health Care  Health Care Mid-Cap Growth 2.65%
 Landstar System, Inc. LSTR Industrials  Industrials Mid-Cap Growth 2.63%
 Lincoln Electric Holdings, Inc. LECO Industrials  Industrials Mid-Cap Growth 2.62%
 Primerica, Inc. PRI Financials  Financials Mid-Cap Value 2.60%
 Universal Insurance Holdings, Inc. UVE Financials  Financials Small-Cap Value 2.57%
 FactSet Research Systems Inc. FDS Financials  Financials Mid-Cap Growth 2.51%
 MKS Instruments, Inc. MKSI Information Technology  Information Technology Mid-Cap Value 2.48%
 Carter's, Inc. CRI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.45%
 Axos Financial Inc. AX Financials  Financials Small-Cap Value 2.45%
 Five Below, Inc. FIVE Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.45%
 Oshkosh Corporation OSK Industrials  Industrials Mid-Cap Value 2.42%
 East West Bancorp, Inc. EWBC Financials  Financials Mid-Cap Value 2.32%
 Graco Inc. GGG Industrials  Industrials Mid-Cap Growth 2.26%
 HealthEquity, Inc. HQY Health Care  Health Care Mid-Cap Growth 2.25%
 Insperity, Inc. NSP Industrials  Industrials Mid-Cap Growth 2.20%
 Evercore Inc. EVR Financials  Financials Small-Cap Growth 2.17%
 Texas Roadhouse, Inc. TXRH Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.16%
 Exelixis, Inc. EXEL Health Care  Health Care Mid-Cap Growth 2.15%
 Supernus Pharmaceuticals, Inc. SUPN Health Care  Health Care Small-Cap Growth 1.90%
 Enanta Pharmaceuticals, Inc. ENTA Health Care  Health Care Small-Cap Growth 1.89%
 American Eagle Outfitters, Inc. AEO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.79%
 Medifast, Inc. MED Consumer Staples  Consumer Staples Small-Cap Growth 1.79%
 iRobot Corporation IRBT Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.18%
 ProPetro Holding Corp. PUMP Energy  Energy Small-Cap Value 0.99%
 
Total Number of Holdings:    40
Underlying Securities information represented above is as of 10/15/2019 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 August 20, 2019
$0.07500 September 20, 2019
$0.07500 October 18, 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.

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.

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 cybersecurity.

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
302652466 (Cash)
302652474 (Reinvest)
302652482 (Cash-Fee)
302652490 (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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