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, 36  Ticker: FJRPMX
 
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.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: RBAQ36
Portfolio Status: Secondary
Initial Offer Date: 12/23/2019
Secondary Date: 03/20/2020
Portfolio Ending Date: 03/23/2021
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $6.6274
POP(*): $6.7181
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 03/27/2020 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 3/27/2020) Per Unit (as of 3/27/2020)
4.19% $0.28130
^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 4.29%
Consumer Discretionary  Consumer Discretionary 3.56%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 0.00%
Financials  Financials 33.50%
Health Care  Health Care 4.89%
Industrials  Industrials 8.24%
Information Technology  Information Technology 8.66%
Materials  Materials 3.99%
Real Estate  Real Estate 12.87%
Utilities  Utilities 19.60%
Other  Other 0.40%
 
  Large Mid Small  
Growth  13.94% 8.32% 9.24%  
Value  17.23% 19.73% 31.14%  

 Style Weighting
Large-Cap Growth 13.94%
Large-Cap Value 17.23%
Mid-Cap Growth 8.32%
Mid-Cap Value 19.73%
Small-Cap Growth 9.24%
Small-Cap Value 31.14%
Undetermined 0.40%
 Composition
U.S. Stocks 88.68%   Other 0.40%
Non-U.S. Stocks 10.92%      
The style and sector characteristics of the portfolio are determined as of 03/27/2020 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $18,005.22
Price/Earnings 13.06
Price/Book 1.21
As of 3/27/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Public Storage PSA Real Estate  Real Estate Large-Cap Growth 5.28%
 Evergy, Inc. EVRG Utilities  Utilities Mid-Cap Value 5.22%
 Hawaiian Electric Industries, Inc. HE Utilities  Utilities Mid-Cap Value 5.14%
 Sanofi (ADR) SNY Health Care  Health Care Large-Cap Value 4.89%
 NorthWestern Corporation NWE Utilities  Utilities Small-Cap Growth 4.82%
 C.H. Robinson Worldwide, Inc. CHRW Industrials  Industrials Mid-Cap Growth 4.76%
 Realty Income Corporation O Real Estate  Real Estate Large-Cap Value 4.57%
 Texas Instruments Incorporated TXN Information Technology  Information Technology Large-Cap Growth 4.56%
 ALLETE, Inc. ALE Utilities  Utilities Small-Cap Growth 4.42%
 China Telecom Corporation Limited (ADR) CHA Communication Services  Communication Services Large-Cap Value 4.29%
 Paychex, Inc. PAYX Information Technology  Information Technology Large-Cap Growth 4.10%
 Sonoco Products Company SON Materials  Materials Mid-Cap Value 3.99%
 Northfield Bancorp, Inc. NFBK Financials  Financials Small-Cap Value 3.63%
 Genuine Parts Company GPC Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.56%
 OceanFirst Financial Corp. OCFC Financials  Financials Small-Cap Value 3.51%
 Emerson Electric Co. EMR Industrials  Industrials Large-Cap Value 3.48%
 TrustCo Bank Corp NY TRST Financials  Financials Small-Cap Value 3.43%
 Provident Financial Services, Inc. PFS Financials  Financials Small-Cap Value 3.11%
 Retail Opportunity Investments Corp. ROIC Real Estate  Real Estate Small-Cap Value 3.02%
 First Defiance Financial Corp. FDEF Financials  Financials Small-Cap Value 2.80%
 People's United Financial, Inc. PBCT Financials  Financials Mid-Cap Value 2.00%
 Umpqua Holdings Corporation UMPQ Financials  Financials Small-Cap Value 1.80%
 Columbia Banking System, Inc. COLB Financials  Financials Small-Cap Value 1.79%
 Credicorp Ltd. BAP Financials  Financials Mid-Cap Value 1.74%
 First Financial Bancorp. FFBC Financials  Financials Small-Cap Value 1.69%
 United Bankshares, Inc. UBSI Financials  Financials Small-Cap Value 1.66%
 Regions Financial Corporation RF Financials  Financials Mid-Cap Value 1.64%
 Hope Bancorp, Inc. HOPE Financials  Financials Small-Cap Value 1.58%
 PacWest Bancorp PACW Financials  Financials Small-Cap Value 1.42%
 Cathay General Bancorp CATY Financials  Financials Small-Cap Value 1.28%
 Great Western Bancorp, Inc. GWB Financials  Financials Small-Cap Value 0.42%
 
Total Number of Holdings:    31
Underlying Securities information represented above is as of 03/27/2020 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 April 20, 2020
$0.04500 May 20, 2020
$0.04500 June 19, 2020

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.

COVID-19 Economic Impact Risk. Local, regional or global events such as war, acts of terrorism, spread of infectious diseases or other public health issues, recessions, or other events could have a significant negative impact on the portfolio and its investments. Such events may affect certain geographic regions, countries, sectors and industries more significantly than others. The recent outbreak of a respiratory disease designated as COVID-19 was first detected in China in December 2019. The global economic impact of the COVID-19 outbreak is impossible to predict but is expected to disrupt manufacturing, supply chains and sales in affected areas, negatively impact global economic growth prospects, and could result in a substantial economic downturn or recession.

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.

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.

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 cybersecurity.

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
30312Q680 (Cash)
30312Q698 (Reinvest)
30312Q706 (Cash-Fee)
30312Q714 (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, 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.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2020 All rights reserved.