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Richard Bernstein Advisors Global Dividend Kings®, 48  Ticker: FMWBPX
 
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 (RBA) using a comprehensive process.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: RBGD48
Portfolio Status: Secondary
Initial Offer Date: 11/29/2023
Secondary Date: 02/21/2024
Portfolio Ending Date: 12/01/2025
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.0808
POP(*): $10.3129
Remaining Deferred Sales Charge: $0.2250
* As of Trade Date: 03/04/2024 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 3/4/2024) Per Unit (as of 3/4/2024)
4.23% $0.43610
^ 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. 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. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 9.54%
Consumer Discretionary  Consumer Discretionary 3.95%
Consumer Staples  Consumer Staples 9.20%
Energy  Energy 5.90%
Financials  Financials 22.36%
Health Care  Health Care 6.63%
Industrials  Industrials 3.65%
Information Technology  Information Technology 5.57%
Materials  Materials 2.33%
Real Estate  Real Estate 16.06%
Utilities  Utilities 14.57%
Other  Other 0.24%
 
  Large Mid Small  
Growth  16.13% 3.97% 0.00%  
Value  37.88% 41.78% 0.00%  

 Style Weighting
Large-Cap Growth 16.13%
Large-Cap Value 37.88%
Mid-Cap Growth 3.97%
Mid-Cap Value 41.78%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.24%
 Composition
U.S. Stocks 60.31%   Other 0.24%
Non-U.S. Stocks 39.45%      
The style and sector characteristics of the portfolio are determined as of 03/04/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $53,082
Price/Earnings 16.28
Price/Book 1.73
As of 3/4/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Sompo Holdings Inc. 8630.JP Financials  Financials Mid-Cap Value 2.49%
 Fifth Third Bancorp FITB Financials  Financials Mid-Cap Value 2.46%
 Canadian Imperial Bank of Commerce CM.CN Financials  Financials Large-Cap Value 2.39%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 2.32%
 The PNC Financial Services Group, Inc. PNC Financials  Financials Large-Cap Value 2.27%
 Regions Financial Corporation RF Financials  Financials Mid-Cap Value 2.26%
 Alexandria Real Estate Equities, Inc. ARE Real Estate  Real Estate Mid-Cap Value 2.21%
 Franklin Resources, Inc. BEN Financials  Financials Mid-Cap Value 2.20%
 U.S. Bancorp USB Financials  Financials Large-Cap Value 2.20%
 Royal Bank of Canada RY.CN Financials  Financials Large-Cap Value 2.13%
 UDR, Inc. UDR Real Estate  Real Estate Mid-Cap Value 2.12%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 2.11%
 Equity Residential EQR Real Estate  Real Estate Mid-Cap Value 2.10%
 Best Buy Co., Inc. BBY Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.08%
 Verizon Communications Inc. VZ Communication Services  Communication Services Large-Cap Value 2.05%
 TC Energy Corporation TRP.CN Energy  Energy Large-Cap Value 2.03%
 Tele2 AB (Class B) TEL2B.SS Communication Services  Communication Services Mid-Cap Value 1.97%
 Walgreens Boots Alliance, Inc. WBA Consumer Staples  Consumer Staples Mid-Cap Value 1.96%
 Enbridge Inc. ENB.CN Energy  Energy Large-Cap Value 1.94%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 1.94%
 Canadian Utilities Limited (Class A) CU.CN Utilities  Utilities Mid-Cap Value 1.93%
 National Grid Plc NG/.LN Utilities  Utilities Large-Cap Value 1.93%
 Kinder Morgan, Inc. KMI Energy  Energy Large-Cap Value 1.93%
 HP Inc. HPQ Information Technology  Information Technology Large-Cap Growth 1.92%
 Emera Incorporated EMA.CN Utilities  Utilities Mid-Cap Value 1.92%
 Crown Castle Inc. CCI Real Estate  Real Estate Large-Cap Growth 1.91%
 Kesko Oyj (Class B) KESKOB.FH Consumer Staples  Consumer Staples Mid-Cap Value 1.91%
 United Parcel Service, Inc. (Class B) UPS Industrials  Industrials Large-Cap Growth 1.90%
 Elisa Oyj ELISA.FH Communication Services  Communication Services Mid-Cap Growth 1.89%
 Realty Income Corporation O Real Estate  Real Estate Large-Cap Value 1.88%
 Eversource Energy ES Utilities  Utilities Mid-Cap Value 1.87%
 Canadian Tire Corporation (Class A) CTC/A.CN Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.87%
 TELUS Corporation T.CN Communication Services  Communication Services Large-Cap Value 1.86%
 Evergy, Inc. EVRG Utilities  Utilities Mid-Cap Value 1.86%
 The Toronto-Dominion Bank TD.CN Financials  Financials Large-Cap Value 1.85%
 Warehouses de Pauw SCA WDP.BB Real Estate  Real Estate Mid-Cap Value 1.85%
 TERNA - Rete Elettrica Nazionale SpA TRN.IM Utilities  Utilities Mid-Cap Value 1.85%
 E.ON SE EOAN.GY Utilities  Utilities Large-Cap Value 1.84%
 Philip Morris International Inc. PM Consumer Staples  Consumer Staples Large-Cap Growth 1.83%
 Altria Group, Inc. MO Consumer Staples  Consumer Staples Large-Cap Growth 1.80%
 BCE Inc. BCE.CN Communication Services  Communication Services Large-Cap Value 1.77%
 W.P. Carey Inc. WPC Real Estate  Real Estate Mid-Cap Value 1.76%
 International Flavors & Fragrances Inc. IFF Materials  Materials Mid-Cap Value 1.75%
 3M Company MMM Industrials  Industrials Large-Cap Growth 1.75%
 British American Tobacco Plc BATS.LN Consumer Staples  Consumer Staples Large-Cap Value 1.70%
 Sanofi SAN.FP Health Care  Health Care Large-Cap Value 1.70%
 Mid-America Apartment Communities, Inc. MAA Real Estate  Real Estate Mid-Cap Value 1.70%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 1.66%
 Edison International EIX Utilities  Utilities Large-Cap Value 1.37%
 Texas Instruments Incorporated TXN Information Technology  Information Technology Large-Cap Growth 0.76%
 Bristol-Myers Squibb Company BMY Health Care  Health Care Large-Cap Value 0.70%
 Astellas Pharma Inc. 4503.JP Health Care  Health Care Mid-Cap Value 0.63%
 FMC Corporation FMC Materials  Materials Mid-Cap Value 0.58%
 Corning Incorporated GLW Information Technology  Information Technology Large-Cap Value 0.57%
 Camden Property Trust CPT Real Estate  Real Estate Mid-Cap Value 0.53%
 
Total Number of Holdings:    55
Underlying Securities information represented above is as of 03/04/2024 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 March 20, 2024
$0.07500 April 19, 2024
$0.07500 May 20, 2024

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.

COVID-19 Economic Impact Risk. The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

Foreign Securities Risk. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

Large-Cap Risk. Large capitalization companies may grow at a slower rate than the overall market.

Market Disruption Risk. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain investments as well as performance.

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.

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 professional 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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30333J285 (Cash)
30333J293 (Reinvest)
30333J301 (Cash-Fee)
30333J319 (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 professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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