International High Dividend Equity, 32  Ticker: FSOILX
A unit investment trust that seeks above-average total return through a combination of capital appreciation and dividend income by investing in a portfolio of well-capitalized companies with above-average dividend yields.
Product Code: IHDE32
Portfolio Status: Primary
Initial Offer Date: 12/27/2017
Portfolio Ending Date: 12/27/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.7302
POP(*): $9.9539
Remaining Deferred Sales Charge: $0.2250
* As of Trade Date: 03/20/2018 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
Year 1 * $0.3610
Subsequent Years * $0.3596
As of 03/19/2018
* The estimated net annual distribution for subsequent years is expected to be less than the amount for the first year because a portion of the securities included in the portfolio will be sold to pay for organization costs, the deferred sales charge and the creation and development fee.  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
Consumer Discretionary  Consumer Discretionary 12.06%
Consumer Staples  Consumer Staples 3.37%
Energy  Energy 13.03%
Financials  Financials 22.65%
Health Care  Health Care 3.76%
Industrials  Industrials 8.37%
Information Technology  Information Technology 0.00%
Materials  Materials 19.98%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 7.06%
Utilities  Utilities 9.28%
Other  Other 0.44%
  Large Mid Small  
Growth  11.56% 0.00% 4.26%  
Value  66.44% 12.25% 5.05%  

 Style Weighting
Large-Cap Growth 11.56%
Large-Cap Value 66.44%
Mid-Cap Growth 0.00%
Mid-Cap Value 12.25%
Small-Cap Growth 4.26%
Small-Cap Value 5.05%
Undetermined 0.44%
U.S. Stocks 0.00%   Other 0.44%
Non-U.S. Stocks 99.56%      
The style and sector characteristics of the portfolio are determined as of 03/19/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $57,559.18
Weighted Average Price/Earnings 9.90
Weighted Average Price/Book 1.40
As of 3/19/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 Companhia Energetica de Minas Gerais-CEMIG (ADR) CIG Utilities  Utilities Small-Cap Value 5.05%
 LUKOIL PJSC (ADR) LUKOY Energy  Energy Large-Cap Value 4.58%
 China Petroleum & Chemical Corporation (Sinopec) (ADR) SNP Energy  Energy Large-Cap Value 4.38%
 Norbord Inc. OSB Materials  Materials Small-Cap Growth 4.26%
 BAE Systems Plc (ADR) BAESY Industrials  Industrials Large-Cap Growth 4.24%
 Enel Generacion Chile S.A. (ADR) EOCC Utilities  Utilities Mid-Cap Value 4.23%
 Nissan Motor Co., Ltd. (ADR) NSANY Consumer Discretionary  Consumer Discretionary Large-Cap Value 4.14%
 Eaton Corporation Plc ETN Industrials  Industrials Large-Cap Value 4.13%
 Total S.A. (ADR) TOT Energy  Energy Large-Cap Value 4.07%
 Ternium S.A. (ADR) TX Materials  Materials Mid-Cap Value 4.04%
 BNP Paribas S.A. (ADR) BNPQY Financials  Financials Large-Cap Value 4.02%
 Garmin Ltd. GRMN Consumer Discretionary  Consumer Discretionary Mid-Cap Value 3.98%
 Rio Tinto Plc (ADR) RIO Materials  Materials Large-Cap Value 3.97%
 Daimler AG DDAIF Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.94%
 BHP Billiton Limited (ADR) BHP Materials  Materials Large-Cap Value 3.86%
 LyondellBasell Industries N.V. LYB Materials  Materials Large-Cap Growth 3.85%
 Australia and New Zealand Banking Group Limited (ADR) ANZBY Financials  Financials Large-Cap Value 3.82%
 Bank of Montreal BMO Financials  Financials Large-Cap Value 3.76%
 Sanofi (ADR) SNY Health Care  Health Care Large-Cap Value 3.76%
 ING Groep N.V. (ADR) ING Financials  Financials Large-Cap Value 3.74%
 Canadian Imperial Bank of Commerce CM Financials  Financials Large-Cap Value 3.66%
 AXA S.A. (ADR) AXAHY Financials  Financials Large-Cap Value 3.65%
 BCE Inc. BCE Telecommunication Services  Telecommunication Services Large-Cap Value 3.59%
 PT Telekomunikasi Indonesia (ADR) TLK Telecommunication Services  Telecommunication Services Large-Cap Growth 3.47%
 British American Tobacco Plc (ADR) BTI Consumer Staples  Consumer Staples Large-Cap Value 3.37%
Total Number of Holdings:    25
Underlying Securities information represented above is as of 03/19/2018 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.01%
  Deferred:  2.26%
C&D Fee:    0.50%
Maximum Sales Charge:   2.75%
CUSIP Type Distribution
30306F146 Cash Monthly
30306F153 Reinvest Monthly
* Based on the offer price as of 03/20/2018 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.51%
Maximum Sales Charge:   0.51%
CUSIP Type Distribution
30306F161 Cash-Fee Monthly
30306F179 Reinvest-Fee Monthly
* Based on the NAV price as of 03/20/2018 4:00pm ET
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 April 20, 2018
$0.07500 May 18, 2018
$0.07500 June 20, 2018

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.

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.

Emerging Markets Risk. Risks associated with investing in foreign securities may be more pronounced in emerging markets where the securities markets are substantially smaller, less liquid, less regulated and more volatile than the U.S. and developed foreign markets.

Europe Risk. Because the portfolio is concentrated in companies headquartered in Europe, it may present more risks than a portfolio which is broadly diversified over several regions.The United Kingdom vote to leave the European Union and other recent rapid political and social change throughout Europe make the extent and nature of future economic development in Europe and the effect on securities issued by European issuers difficult to predict.

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.

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.

United Kingdom Risk. Because the portfolio is concentrated in companies headquartered in the United Kingdom, it may present more risks than a portfolio which is broadly diversified over several regions. The United Kingdom vote to leave the European Union and other recent rapid political and social change throughout Europe make the extent and nature of future economic development in Europe and the effect on securities issued by European issuers difficult to predict.

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.

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.