Dow® Target Dividend, 1st Qtr 2018  Ticker: FTQLMX
 
Description
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 factors.
 
Summary
Product Code: DD1Q18
Portfolio Status: Secondary
Initial Offer Date: 01/10/2018
Secondary Date: 04/10/2018
Portfolio Ending Date: 04/09/2019
Tax Structure: Grantor
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.0254
POP(*): $9.1489
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 * $0.3200
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 4.51%
Consumer Discretionary  Consumer Discretionary 0.00%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 21.42%
Financials  Financials 31.63%
Health Care  Health Care 0.00%
Industrials  Industrials 4.62%
Information Technology  Information Technology 0.00%
Materials  Materials 7.80%
Real Estate  Real Estate 0.00%
Utilities  Utilities 29.96%
Other  Other 0.06%
 
  Large Mid Small  
Growth  0.00% 0.00% 4.51%  
Value  37.41% 38.89% 19.13%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 37.41%
Mid-Cap Growth 0.00%
Mid-Cap Value 38.89%
Small-Cap Growth 4.51%
Small-Cap Value 19.13%
Undetermined 0.06%
 Composition
U.S. Stocks 95.32%   Other 0.06%
Non-U.S. Stocks 4.62%      
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 $28,383.90
Weighted Average Price/Earnings 13.38
Weighted Average Price/Book 1.39
As of 12/7/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 OGE Energy Corp. OGE Utilities  Utilities Mid-Cap Value 6.56%
 Exelon Corporation EXC Utilities  Utilities Large-Cap Value 6.46%
 Black Hills Corporation BKH Utilities  Utilities Mid-Cap Value 6.19%
 ConocoPhillips COP Energy  Energy Large-Cap Value 6.09%
 American Electric Power Company, Inc. AEP Utilities  Utilities Large-Cap Value 5.90%
 HollyFrontier Corporation HFC Energy  Energy Mid-Cap Value 5.84%
 United Bankshares, Inc. UBSI Financials  Financials Small-Cap Value 5.15%
 Trustmark Corporation TRMK Financials  Financials Small-Cap Value 5.09%
 Edison International EIX Utilities  Utilities Large-Cap Value 4.85%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 4.78%
 Occidental Petroleum Corporation OXY Energy  Energy Large-Cap Value 4.71%
 Valley National Bancorp VLY Financials  Financials Small-Cap Value 4.65%
 Eaton Corporation Plc ETN Industrials  Industrials Large-Cap Value 4.62%
 People's United Financial, Inc. PBCT Financials  Financials Mid-Cap Value 4.52%
 Meredith Corporation MDP Communication Services  Communication Services Small-Cap Growth 4.51%
 F.N.B. Corporation FNB Financials  Financials Mid-Cap Value 4.27%
 Domtar Corporation UFS Materials  Materials Small-Cap Value 4.24%
 New York Community Bancorp, Inc. NYCB Financials  Financials Mid-Cap Value 4.10%
 PacWest Bancorp PACW Financials  Financials Mid-Cap Value 3.85%
 WestRock Company WRK Materials  Materials Mid-Cap Value 3.56%
 
Total Number of Holdings:    20
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.

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

Financials Risk. 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.

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.

Utilities Risk. The companies engaged in the utilities sector are subject to certain risks, including price and supply fluctuations caused by international politics, energy conservation, taxes, and other regulatory policies of various governments.

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.

The Dow Jones U.S. Select Dividend IndexSM is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by First Trust Advisors L.P. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); The Dow Jones U.S. Select Dividend IndexSM and Dow Jones® are trademarks of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust Advisors L.P. The Dow® Target Dividend Portfolio, based on the Dow Jones U.S. Select Dividend IndexSM, is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such products.