Target High Quality Dividend, 1st Qtr 2018  Ticker: FKPMYX
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.
Product Code: HQ1Q18
Portfolio Status: Primary
Initial Offer Date: 01/10/2018
Portfolio Ending Date: 04/09/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $10.1337
POP(*): $10.2737
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 03/16/2018 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 * $0.2657
Subsequent Years * $0.2649
As of 03/12/2018
* 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 22.05%
Consumer Staples  Consumer Staples 10.15%
Energy  Energy 3.21%
Financials  Financials 31.06%
Health Care  Health Care 10.30%
Industrials  Industrials 3.19%
Information Technology  Information Technology 10.50%
Materials  Materials 5.99%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 3.39%
Other  Other 0.16%
  Large Mid Small  
Growth  20.57% 9.31% 0.00%  
Value  38.75% 31.21% 0.00%  

 Style Weighting
Large-Cap Growth 20.57%
Large-Cap Value 38.75%
Mid-Cap Growth 9.31%
Mid-Cap Value 31.21%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.16%
U.S. Stocks 68.85%   Other 0.16%
Non-U.S. Stocks 30.99%      
The style and sector characteristics of the portfolio are determined as of 03/16/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $48,628.22
Weighted Average Price/Earnings 16.26
Weighted Average Price/Book 2.16
As of 3/16/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 Validus Holdings, Ltd. VR Financials  Financials Mid-Cap Value 4.74%
 Popular, Inc. BPOP Financials  Financials Mid-Cap Value 4.01%
 Dr Pepper Snapple Group, Inc. DPS Consumer Staples  Consumer Staples Large-Cap Growth 3.94%
 Axis Capital Holdings Limited AXS Financials  Financials Mid-Cap Value 3.76%
 Intel Corporation INTC Information Technology  Information Technology Large-Cap Value 3.70%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Growth 3.64%
 Cardinal Health, Inc. CAH Health Care  Health Care Large-Cap Value 3.50%
 Archer-Daniels-Midland Company ADM Consumer Staples  Consumer Staples Large-Cap Value 3.49%
 Huntington Bancshares Incorporated HBAN Financials  Financials Mid-Cap Value 3.47%
 Gilead Sciences, Inc. GILD Health Care  Health Care Large-Cap Growth 3.46%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.41%
 NextEra Energy, Inc. NEE Utilities  Utilities Large-Cap Value 3.39%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 3.34%
 Williams-Sonoma, Inc. WSM Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.31%
 Old Republic International Corporation ORI Financials  Financials Mid-Cap Value 3.30%
 Sun Life Financial Inc. SLF Financials  Financials Large-Cap Value 3.28%
 Carnival Corporation CCL Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.26%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 3.21%
 Eaton Corporation Plc ETN Industrials  Industrials Large-Cap Value 3.19%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 3.16%
 Hasbro, Inc. HAS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.06%
 Whirlpool Corporation WHR Consumer Discretionary  Consumer Discretionary Mid-Cap Value 3.05%
 LyondellBasell Industries N.V. LYB Materials  Materials Large-Cap Growth 3.03%
 Foot Locker, Inc. FL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 3.02%
 Bemis Company, Inc. BMS Materials  Materials Mid-Cap Value 2.96%
 Hanesbrands Inc. HBI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.94%
 Invesco Ltd. IVZ Financials  Financials Mid-Cap Value 2.90%
 Manulife Financial Corporation MFC Financials  Financials Large-Cap Value 2.82%
 Principal Financial Group, Inc. PFG Financials  Financials Large-Cap Value 2.78%
 CVS Health Corporation CVS Consumer Staples  Consumer Staples Large-Cap Value 2.72%
Total Number of Holdings:    30
Underlying Securities information represented above is as of 03/16/2018 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.05%
  Deferred:  1.31%
C&D Fee:    0.49%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30305X445 Cash Monthly
30305X452 Reinvest Monthly
* Based on the offer price as of 03/16/2018 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.49%
Maximum Sales Charge:   0.49%
CUSIP Type Distribution
30305X460 Cash-Fee Monthly
30305X478 Reinvest-Fee Monthly
* Based on the NAV price as of 03/16/2018 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
$0.04500 April 20, 2018
$0.04500 May 18, 2018
$0.04500 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.

Consumer Products Risk. The companies engaged in the consumer products sector are subject to global competition, changing government regulations and trade policies, currency fluctuations, and the financial and political risks inherent in producing products for foreign markets.

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.

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.

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.