Aerospace & Defense, 19  Ticker: FNIAPX
 
Description
The Aerospace & Defense Portfolio is a unit investment trust that seeks above-average capital appreciation by investing in companies that could benefit from increased defense spending.
 
Summary
Product Code: AERO19
Portfolio Status: Secondary
Initial Offer Date: 12/27/2017
Secondary Date: 03/27/2018
Portfolio Ending Date: 12/27/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Historical 12-Month Distribution Rate of Trust Holdings:^ 1.01%
Initial Offer Price: $10.0000
NAV(*): $9.1146
POP(*): $9.3244
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/17/2018 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.
^There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical distribution rate of the securities included in the trust is for illustrative purposes only and is not indicative of the trust's distribution rate. The historical distribution rate is the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio and is reduced to account for the effects of fees and expenses which will be incurred when investing in a trust. The distribution 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 0.03%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 0.00%
Financials  Financials 0.00%
Health Care  Health Care 0.00%
Industrials  Industrials 91.31%
Information Technology  Information Technology 8.61%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.05%
 
  Large Mid Small  
Growth  32.06% 32.88% 3.60%  
Value  16.00% 15.31% 0.10%  

 Style Weighting
Large-Cap Growth 32.06%
Large-Cap Value 16.00%
Mid-Cap Growth 32.88%
Mid-Cap Value 15.31%
Small-Cap Growth 3.60%
Small-Cap Value 0.10%
Undetermined 0.05%
 Composition
U.S. Stocks 79.66%   Other 0.05%
Non-U.S. Stocks 20.29%      
The style and sector characteristics of the portfolio are determined as of 12/17/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $34,857.57
Weighted Average Price/Earnings 19.76
Weighted Average Price/Book 3.55
As of 12/17/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 HEICO Corporation HEI Industrials  Industrials Mid-Cap Growth 5.42%
 TransDigm Group Incorporated TDG Industrials  Industrials Large-Cap Growth 5.25%
 Safran S.A. (ADR) SAFRY Industrials  Industrials Large-Cap Value 4.89%
 CACI International Inc. CACI Information Technology  Information Technology Mid-Cap Value 4.81%
 Teledyne Technologies Incorporated TDY Industrials  Industrials Mid-Cap Growth 4.64%
 The Boeing Company BA Industrials  Industrials Large-Cap Growth 4.51%
 Harris Corporation HRS Industrials  Industrials Large-Cap Growth 4.33%
 CAE Inc. CAE Industrials  Industrials Mid-Cap Growth 4.24%
 Airbus Group SE (ADR) EADSY Industrials  Industrials Large-Cap Value 4.13%
 L3 Technologies, Inc. LLL Industrials  Industrials Mid-Cap Value 4.02%
 Elbit Systems Ltd. ESLT Industrials  Industrials Mid-Cap Growth 3.86%
 Hexcel Corporation HXL Industrials  Industrials Mid-Cap Growth 3.85%
 United Technologies Corporation UTX Industrials  Industrials Large-Cap Value 3.84%
 FLIR Systems, Inc. FLIR Information Technology  Information Technology Mid-Cap Growth 3.80%
 Raytheon Company RTN Industrials  Industrials Large-Cap Growth 3.74%
 Honeywell International Inc. HON Industrials  Industrials Large-Cap Growth 3.67%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 3.65%
 Spirit AeroSystems Holdings, Inc. SPR Industrials  Industrials Mid-Cap Growth 3.55%
 Huntington Ingalls Industries, Inc. HII Industrials  Industrials Mid-Cap Growth 3.52%
 Northrop Grumman Corporation NOC Industrials  Industrials Large-Cap Growth 3.51%
 Curtiss-Wright Corporation CW Industrials  Industrials Mid-Cap Value 3.50%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Growth 3.40%
 BAE Systems Plc (ADR) BAESY Industrials  Industrials Large-Cap Value 3.14%
 Astronics Corporation ATRO Industrials  Industrials Small-Cap Growth 3.11%
 Arconic Inc. ARNC Industrials  Industrials Mid-Cap Value 2.98%
 Astronics Corporation (Class B) ATROB Industrials  Industrials Small-Cap Growth 0.46%
 Resideo Technologies Inc. REZI Industrials  Industrials Small-Cap Value 0.10%
 Garrett Motion Inc. GTX Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.03%
 
Total Number of Holdings:    28
Underlying Securities information represented above is as of 12/17/2018 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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

Aerospace & Defense Risk. The companies involved in the aerospace and defense industries are subject to fierce competition, consolidation, adverse political and government developments, substantial research and development costs, limited numbers of potential customers and excess capacity and spending trends. Their products and services may be subject to rapid obsolescence.

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.

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.

Industrials Risk. The companies engaged in the industrials sector are subject to a deterioration in the general state of the economy, intense competition, domestic and international politics, excess capacity and changing spending trends.

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.

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.