S&P Target SMid 60, 1st Qtr 2018  Ticker: FPRNWX
This unit investment trust seeks above-average total return; however, there is no assurance the objective will be met. The stocks in the portfolio are selected by applying a disciplined investment strategy which adheres to pre-determined screens and factors.
Product Code: 601Q18
Portfolio Status: Secondary
Initial Offer Date: 01/10/2018
Secondary Date: 04/10/2018
Portfolio Ending Date: 04/09/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
Historical 12-Month Distribution Rate of Trust Holdings:^ 1.69%
Initial Offer Price: $10.0000
NAV(*): $6.9248
POP(*): $7.0195
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 3.80%
Consumer Discretionary  Consumer Discretionary 18.07%
Consumer Staples  Consumer Staples 0.72%
Energy  Energy 26.09%
Financials  Financials 20.94%
Health Care  Health Care 1.33%
Industrials  Industrials 6.48%
Information Technology  Information Technology 10.08%
Materials  Materials 5.74%
Real Estate  Real Estate 6.72%
Utilities  Utilities 0.00%
Other  Other 0.03%
  Large Mid Small  
Growth  0.00% 0.00% 4.76%  
Value  0.00% 20.66% 74.55%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 0.00%
Mid-Cap Value 20.66%
Small-Cap Growth 4.76%
Small-Cap Value 74.55%
Undetermined 0.03%
U.S. Stocks 89.51%   Other 0.03%
Non-U.S. Stocks 10.46%      
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 $2,431.10
Weighted Average Price/Earnings 10.50
Weighted Average Price/Book 0.80
As of 12/17/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 Ciena Corporation CIEN Information Technology  Information Technology Mid-Cap Value 4.63%
 ARRIS International Plc ARRS Information Technology  Information Technology Mid-Cap Value 3.64%
 Adtalem Global Education Inc. ATGE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 3.43%
 Dillard's, Inc. (Class A) DDS Consumer Discretionary  Consumer Discretionary Small-Cap Value 3.14%
 TCF Financial Corporation TCF Financials  Financials Small-Cap Value 2.93%
 OFG Bancorp OFG Financials  Financials Small-Cap Value 2.89%
 Regal Beloit Corporation RBC Industrials  Industrials Small-Cap Value 2.76%
 Cousins Properties Incorporated CUZ Real Estate  Real Estate Small-Cap Value 2.76%
 Reinsurance Group of America, Incorporated RGA Financials  Financials Mid-Cap Value 2.67%
 Washington Prime Group Inc. WPG Real Estate  Real Estate Small-Cap Value 2.56%
 Reliance Steel & Aluminum Co. RS Materials  Materials Mid-Cap Value 2.52%
 Murphy Oil Corporation MUR Energy  Energy Mid-Cap Value 2.50%
 Iridium Communications Inc. IRDM Communication Services  Communication Services Small-Cap Value 2.48%
 WPX Energy, Inc. WPX Energy  Energy Mid-Cap Value 2.48%
 Domtar Corporation UFS Materials  Materials Small-Cap Value 2.24%
 AECOM ACM Industrials  Industrials Mid-Cap Value 2.22%
 SM Energy Company SM Energy  Energy Small-Cap Value 2.01%
 Stifel Financial Corp. SF Financials  Financials Small-Cap Value 2.01%
 QEP Resources, Inc. QEP Energy  Energy Small-Cap Value 1.96%
 CNO Financial Group, Inc. CNO Financials  Financials Small-Cap Value 1.93%
 Legg Mason, Inc. LM Financials  Financials Small-Cap Value 1.90%
 Gulfport Energy Corporation GPOR Energy  Energy Small-Cap Value 1.90%
 Shoe Carnival, Inc. SCVL Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.89%
 Comtech Telecommunications Corp. CMTL Information Technology  Information Technology Small-Cap Value 1.81%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.78%
 Ensco Plc ESV Energy  Energy Small-Cap Value 1.73%
 Callon Petroleum Company CPE Energy  Energy Small-Cap Value 1.73%
 Rowan Companies Plc RDC Energy  Energy Small-Cap Value 1.71%
 Diamond Offshore Drilling, Inc. DO Energy  Energy Small-Cap Value 1.58%
 Abercrombie & Fitch Co. (Class A) ANF Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.57%
 Patterson-UTI Energy, Inc. PTEN Energy  Energy Small-Cap Value 1.54%
 Apollo Commercial Real Estate Finance, Inc. ARI Financials  Financials Small-Cap Value 1.53%
 ArcBest Corporation ARCB Industrials  Industrials Small-Cap Value 1.50%
 RPT Realty RPT Real Estate  Real Estate Small-Cap Value 1.40%
 American Equity Investment Life Holding Company AEL Financials  Financials Small-Cap Value 1.37%
 Invesco Mortgage Capital Inc. IVR Financials  Financials Small-Cap Value 1.34%
 Community Health Systems, Inc. CYH Health Care  Health Care Small-Cap Growth 1.33%
 Gannett Co., Inc. GCI Communication Services  Communication Services Small-Cap Value 1.32%
 ARMOUR Residential REIT, Inc. ARR Financials  Financials Small-Cap Value 1.29%
 M.D.C. Holdings, Inc. MDC Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.22%
 Helix Energy Solutions Group, Inc. HLX Energy  Energy Small-Cap Value 1.16%
 Unit Corporation UNT Energy  Energy Small-Cap Value 1.12%
 EZCORP, Inc. EZPW Financials  Financials Small-Cap Value 1.08%
 Superior Energy Services, Inc. SPN Energy  Energy Small-Cap Value 1.06%
 Meritage Homes Corporation MTH Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.05%
 LSB Industries, Inc. LXU Materials  Materials Small-Cap Value 0.98%
 Hibbett Sports, Inc. HIBB Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.96%
 M/I Homes, Inc. MHO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.93%
 PDC Energy, Inc. PDCE Energy  Energy Small-Cap Value 0.88%
 Pioneer Energy Services Corp. PES Energy  Energy Small-Cap Value 0.85%
 Barnes & Noble Education, Inc. BNED Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.81%
 HighPoint Resources Corporation HPR Energy  Energy Small-Cap Value 0.75%
 United Natural Foods, Inc. UNFI Consumer Staples  Consumer Staples Small-Cap Value 0.72%
 Biglari Holdings Inc. (Class B) BH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.52%
 J.C. Penney Company, Inc. JCP Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.50%
 McDermott International, Inc. MDR Energy  Energy Small-Cap Value 0.49%
 KLX Energy Services Holdings, Inc. KLXE Energy  Energy Small-Cap Value 0.44%
 Biglari Holdings Inc. (Class A) BH/A Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.27%
 Cloud Peak Energy Inc. CLD Energy  Energy Small-Cap Value 0.20%
Total Number of Holdings:    59
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.

Energy Risk. The companies engaged in the energy sector are subject to certain risks, including price and supply fluctuations caused by international politics, energy conservation, taxes, price controls, and other regulatory policies of various governments. Falling oil and gas prices may negatively impact the profitability and business prospects of certain energy companies.

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.

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 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.

"S&P", "S&P MidCap 400", "S&P SmallCap 600", "S&P 500" and "Standard & Poor's" are trademarks of McGraw-Hill Companies, Inc. and have been licensed for use by First Trust Portfolios L.P. The portfolio is not sponsored, endorsed, sold, or promoted by Standard & Poor's and Standard & Poor's makes no representation regarding the advisability of investing in such products.