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SMid Capital Strength Opportunity, 3  Ticker: FRTOVX
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.
Product Code: SMCO3
Portfolio Status: Secondary
Initial Offer Date: 12/21/2017
Secondary Date: 03/21/2018
Portfolio Ending Date: 03/21/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
Initial Offer Price: $10.0000
NAV(*): $7.9638
POP(*): $8.0728
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/10/2018 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.

 Estimated Net Annual Distribution Per Unit
Estimated Net Annual Distribution Per Unit * $0.0732
As of 12/10/2018
* The estimates are based on annualizing the most recent dividends declared by the issuers of the securities included in the portfolio. There is no guarantee that the issuers of the securities included in the portfolio will declare distributions in the future or that, if declared, they will either remain at current levels or increase over time.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 0.00%
Consumer Discretionary  Consumer Discretionary 21.08%
Consumer Staples  Consumer Staples 4.30%
Energy  Energy 0.00%
Financials  Financials 14.30%
Health Care  Health Care 15.82%
Industrials  Industrials 19.76%
Information Technology  Information Technology 20.23%
Materials  Materials 4.51%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
  Large Mid Small  
Growth  0.00% 56.29% 16.97%  
Value  0.00% 17.03% 9.71%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 56.29%
Mid-Cap Value 17.03%
Small-Cap Growth 16.97%
Small-Cap Value 9.71%
Undetermined 0.00%
U.S. Stocks 100.00%   Other 0.00%
Non-U.S. Stocks 0.00%      
The style and sector characteristics of the portfolio are determined as of 12/07/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $6,143.60
Weighted Average Price/Earnings 17.25
Weighted Average Price/Book 3.29
As of 12/7/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 ABIOMED, Inc. ABMD Health Care  Health Care Mid-Cap Growth 4.98%
 Five Below, Inc. FIVE Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 4.43%
 Masimo Corporation MASI Health Care  Health Care Mid-Cap Growth 3.66%
 Charles River Laboratories International, Inc. CRL Health Care  Health Care Mid-Cap Growth 3.60%
 WellCare Health Plans, Inc. WCG Health Care  Health Care Mid-Cap Value 3.58%
 MSCI Inc. MSCI Financials  Financials Mid-Cap Growth 3.57%
 Broadridge Financial Solutions, Inc. BR Information Technology  Information Technology Mid-Cap Growth 3.29%
 Copart, Inc. CPRT Industrials  Industrials Mid-Cap Growth 3.29%
 Primerica, Inc. PRI Financials  Financials Mid-Cap Growth 3.16%
 IDEX Corporation IEX Industrials  Industrials Mid-Cap Growth 3.10%
 Gentex Corporation GNTX Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.09%
 Axos Financial Inc. AX Financials  Financials Small-Cap Value 3.04%
 Steven Madden, Ltd. SHOO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.92%
 The Toro Company TTC Industrials  Industrials Mid-Cap Growth 2.75%
 Brunswick Corporation BC Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.74%
 Evercore Inc. EVR Financials  Financials Small-Cap Growth 2.57%
 Huntington Ingalls Industries, Inc. HII Industrials  Industrials Mid-Cap Growth 2.57%
 JetBlue Airways Corporation JBLU Industrials  Industrials Mid-Cap Value 2.49%
 Hubbell Incorporated HUBB Industrials  Industrials Mid-Cap Growth 2.34%
 Teradyne, Inc. TER Information Technology  Information Technology Mid-Cap Growth 2.31%
 The Children's Place, Inc. PLCE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.30%
 Steel Dynamics, Inc. STLD Materials  Materials Mid-Cap Value 2.27%
 Cabot Corporation CBT Materials  Materials Small-Cap Growth 2.24%
 Carter's, Inc. CRI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.21%
 Sanderson Farms, Inc. SAFM Consumer Staples  Consumer Staples Small-Cap Value 2.18%
 Polaris Industries Inc. PII Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.17%
 Cirrus Logic, Inc. CRUS Information Technology  Information Technology Small-Cap Growth 2.13%
 Ingredion Incorporated INGR Consumer Staples  Consumer Staples Mid-Cap Value 2.12%
 MKS Instruments, Inc. MKSI Information Technology  Information Technology Mid-Cap Value 2.08%
 Cognex Corporation CGNX Information Technology  Information Technology Mid-Cap Growth 2.03%
 Eaton Vance Corp. EV Financials  Financials Mid-Cap Growth 1.96%
 Methode Electronics, Inc. MEI Information Technology  Information Technology Small-Cap Value 1.80%
 Ebix, Inc. EBIX Information Technology  Information Technology Small-Cap Growth 1.80%
 Advanced Energy Industries, Inc. AEIS Information Technology  Information Technology Small-Cap Growth 1.79%
 IPG Photonics Corporation IPGP Information Technology  Information Technology Mid-Cap Growth 1.78%
 ManpowerGroup Inc. MAN Industrials  Industrials Mid-Cap Value 1.75%
 American Woodmark Corporation AMWD Industrials  Industrials Small-Cap Value 1.47%
 Coherent, Inc. COHR Information Technology  Information Technology Small-Cap Growth 1.22%
 Thor Industries, Inc. THO Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.22%
Total Number of Holdings:    39
Underlying Securities information represented above is as of 12/07/2018 but will vary with future fluctuations in the market.

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.

IRA Risk. 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 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.

Although the portfolio terminates in approximately one year, 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.

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
30306D786 (Cash)
30306D794 (Reinvest)
30306D802 (Cash-Fee)
30306D810 (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 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.
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