Tactical Alpha, 15  Ticker: FLCRAX
 
Description
A unit investment trust that seeks to provide above-average capital appreciation by investing in stocks from within specific areas of the market where we believe tactical opportunities currently exist.
 
Summary
Product Code: TALP15
Portfolio Status: Secondary
Initial Offer Date: 12/21/2017
Secondary Date: 03/20/2018
Portfolio Ending Date: 03/21/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $8.5186
POP(*): $8.6352
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/11/2018 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 * $0.1812
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 5.63%
Consumer Discretionary  Consumer Discretionary 12.06%
Consumer Staples  Consumer Staples 3.38%
Energy  Energy 8.68%
Financials  Financials 19.13%
Health Care  Health Care 14.66%
Industrials  Industrials 12.20%
Information Technology  Information Technology 20.77%
Materials  Materials 3.41%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.08%
 
  Large Mid Small  
Growth  51.44% 2.09% 0.02%  
Value  42.17% 4.15% 0.05%  

 Style Weighting
Large-Cap Growth 51.44%
Large-Cap Value 42.17%
Mid-Cap Growth 2.09%
Mid-Cap Value 4.15%
Small-Cap Growth 0.02%
Small-Cap Value 0.05%
Undetermined 0.08%
 Composition
U.S. Stocks 74.40%   Other 0.08%
Non-U.S. Stocks 25.52%      
The style and sector characteristics of the portfolio are determined as of 12/10/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $187,588.07
Weighted Average Price/Earnings 13.51
Weighted Average Price/Book 2.26
As of 12/10/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Amazon.com, Inc. AMZN Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.32%
 Adobe Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 3.13%
 Mastercard Incorporated MA Information Technology  Information Technology Large-Cap Growth 2.93%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 2.90%
 Thermo Fisher Scientific Inc. TMO Health Care  Health Care Large-Cap Value 2.87%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Growth 2.69%
 Union Pacific Corporation UNP Industrials  Industrials Large-Cap Growth 2.49%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 2.35%
 Accenture Plc ACN Information Technology  Information Technology Large-Cap Growth 2.34%
 EOG Resources, Inc. EOG Energy  Energy Large-Cap Value 2.26%
 Total S.A. (ADR) TOT Energy  Energy Large-Cap Value 2.22%
 Unilever Plc (ADR) UL Consumer Staples  Consumer Staples Large-Cap Growth 2.20%
 JPMorgan Chase & Co. JPM Financials  Financials Large-Cap Value 2.18%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 2.17%
 LVMH Moet Hennessy Louis Vuitton SE (ADR) LVMUY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.15%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 2.14%
 Alphabet Inc. (Class C) GOOG Communication Services  Communication Services Large-Cap Growth 2.10%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Value 2.10%
 Hasbro, Inc. HAS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.09%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.08%
 Raytheon Company RTN Industrials  Industrials Large-Cap Growth 2.08%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 2.07%
 SAP SE (ADR) SAP Information Technology  Information Technology Large-Cap Growth 2.06%
 Royal Dutch Shell Plc (Class B) (ADR) RDS/B Energy  Energy Large-Cap Value 2.06%
 Honeywell International Inc. HON Industrials  Industrials Large-Cap Growth 2.04%
 Rio Tinto Plc (ADR) RIO Materials  Materials Large-Cap Value 2.04%
 Novo Nordisk A/S (ADR) NVO Health Care  Health Care Large-Cap Growth 1.98%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Growth 1.97%
 SunTrust Banks, Inc. STI Financials  Financials Large-Cap Value 1.95%
 Bank of America Corporation BAC Financials  Financials Large-Cap Value 1.92%
 BlackRock, Inc. BLK Financials  Financials Large-Cap Value 1.85%
 Siemens AG (ADR) SIEGY Industrials  Industrials Large-Cap Value 1.83%
 Facebook, Inc. (Class A) FB Communication Services  Communication Services Large-Cap Growth 1.82%
 Morgan Stanley MS Financials  Financials Large-Cap Value 1.75%
 Citizens Financial Group, Inc. CFG Financials  Financials Mid-Cap Value 1.75%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Value 1.74%
 Citigroup Inc. C Financials  Financials Large-Cap Value 1.73%
 Activision Blizzard, Inc. ATVI Communication Services  Communication Services Large-Cap Value 1.71%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 1.67%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 1.63%
 The Goldman Sachs Group, Inc. GS Financials  Financials Large-Cap Value 1.57%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 1.47%
 Celgene Corporation CELG Health Care  Health Care Large-Cap Growth 1.43%
 LKQ Corporation LKQ Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.43%
 BNP Paribas S.A. (ADR) BNPQY Financials  Financials Large-Cap Value 1.42%
 ING Groep N.V. (ADR) ING Financials  Financials Large-Cap Value 1.38%
 BASF SE (ADR) BASFY Materials  Materials Large-Cap Value 1.37%
 Bayer AG (ADR) BAYRY Health Care  Health Care Large-Cap Value 1.27%
 British American Tobacco Plc (ADR) BTI Consumer Staples  Consumer Staples Large-Cap Value 1.18%
 Mohawk Industries, Inc. MHK Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.97%
 Resideo Technologies Inc. REZI Industrials  Industrials Small-Cap Value 0.05%
 Garrett Motion Inc. GTX Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.02%
 
Total Number of Holdings:    52
Underlying Securities information represented above is as of 12/10/2018 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.

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.

IRA Risk. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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.