Richard Bernstein Tactical Series, American Industrial Renaissance®, 2019-2
Ticker Symbol: FWROLX
The Richard Bernstein Tactical Series, American Industrial Renaissance® is a unit investment trust (UIT) which seeks above-average capital appreciation
by investing in small and mid-cap U.S. companies in the industrial and community banking sectors; however, there is no assurance the objective will be met. A
UIT is an investment vehicle which consists of a professionally selected unmanaged portfolio of securities which are held for a predetermined period of time. The
value of the units of the trust will fluctuate each day with the value of the underlying securities; therefore it is possible to lose money by investing in the trust.
|55 Holdings (As of Day of Deposit)
||1st Source Corporation
||Bryn Mawr Bank Corporation
||First Commonwealth Financial Corporation
||First Financial Bancorp.
||First Financial Corporation
||First Merchants Corporation
||First Midwest Bancorp, Inc.
||Fulton Financial Corporation
||German American Bancorp, Inc.
||Heartland Financial USA, Inc.
||Lakeland Financial Corporation
||Mercantile Bank Corporation
||Old National Bancorp
||Park National Corporation
||Peoples Bancorp Inc.
||S&T Bancorp, Inc.
||Wintrust Financial Corporation
||Astec Industries, Inc.
||Atkore International Group Inc.
||Blue Bird Corporation
||Clean Harbors, Inc.
||Comfort Systems USA, Inc.
||Construction Partners, Inc. (Class A)
||Douglas Dynamics, Inc.
||Dycom Industries, Inc.
||EMCOR Group, Inc.
||Encore Wire Corporation
||Evoqua Water Technologies Corp.
||Federal Signal Corporation
||Generac Holdings Inc.
||Granite Construction Incorporated
||Heritage-Crystal Clean, Inc.
||Mueller Water Products, Inc.
||MYR Group Inc.
||Northwest Pipe Company
||NV5 Global, Inc.
||Primoris Services Corporation
||Proto Labs, Inc.
||Quanta Services, Inc.
||RBC Bearings Incorporated
||Spartan Motors, Inc.
||Sterling Construction Company, Inc.
||Tetra Tech, Inc.
||Tutor Perini Corporation
||US Ecology, Inc.
||Wabash National Corporation
*As of the close of business on 12/6/19.
Market values are for reference only and are not indicative of your individual
|Not FDIC Insured Not Bank Guaranteed May Lose Value
|Initial Date of Deposit
|Initial Public Offering Price
||$10.00 per Unit
| Portfolio Ending Date
|Fee Accounts Cash CUSIP
|Fee Accounts Reinvestment CUSIP
|Sales Charges (based on a $10 public offering
|Transactional Sales Charges:
|Creation & Development Fee:
|Maximum Sales Charge:
The deferred sales charge will be deducted in three monthly installments commencing
When the public offering price is less than or equal to $10.00 per unit, there will be no initial sales charge. If
the price exceeds $10.00 per unit, you will pay an initial sales charge.
|Maximum Sales Charge:
The maximum sales charge for investors in fee accounts consists of the creation and development fee.
Investors in fee accounts are not assessed any transactional sales charges. Standard accounts sales charges
apply to units purchased as an ineligible asset.
The creation and development fee is a charge of $.050 per unit collected at the end of the initial offering
period. If the price you pay exceeds $10.00 per unit, the creation and development fee will be less than 0.50%;
if the price you pay is less than $10.00 per unit, the creation and development fee will exceed 0.50%.
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.
You should carefully consider the portfolio investment objective, 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 portfolio. Read it carefully
before you invest.
An investment in this unmanaged unit investment trust should be made with an understanding of the risks involved with owning common stocks, 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.
You should be aware that the portfolio is concentrated in stocks in the industrials sector making it subject to additional risks, including limited diversification. The companies engaged in the industrials sector are subject to certain risks, including a deterioration in the general state of the economy, intense competition, domestic and international politics, excess capacity and changing spending trends.
The trust also invests in companies in the financials sector. 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.
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.
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.
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.
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.