Low Volatility, 10  Ticker: FLKVRX
 
Description
A unit investment trust that seeks above-average capital appreciation by investing in well-capitalized companies which have displayed low price fluctuations over time while also retaining capital growth potential.
 
Summary
Product Code: LVOL10
Portfolio Status: Secondary
Initial Offer Date: 12/27/2017
Secondary Date: 03/27/2018
Portfolio Ending Date: 03/27/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $10.1043
POP(*): $10.2426
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 09/20/2018 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
Estimated Net Annual Distribution Per Unit * $0.2037
As of 09/17/2018
* 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
Consumer Discretionary  Consumer Discretionary 1.83%
Consumer Staples  Consumer Staples 3.61%
Energy  Energy 3.80%
Financials  Financials 21.91%
Health Care  Health Care 10.86%
Industrials  Industrials 19.61%
Information Technology  Information Technology 6.12%
Materials  Materials 6.39%
Real Estate  Real Estate 1.99%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 23.25%
Other  Other 0.63%
 
  Large Mid Small  
Growth  32.26% 0.00% 0.00%  
Value  52.98% 14.13% 0.00%  

 Style Weighting
Large-Cap Growth 32.26%
Large-Cap Value 52.98%
Mid-Cap Growth 0.00%
Mid-Cap Value 14.13%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.63%
 Composition
U.S. Stocks 91.60%   Other 0.63%
Non-U.S. Stocks 7.77%      
The style and sector characteristics of the portfolio are determined as of 09/19/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $80,280.69
Weighted Average Price/Earnings 19.39
Weighted Average Price/Book 2.55
As of 9/19/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Baxter International Inc. BAX Health Care  Health Care Large-Cap Growth 2.32%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 2.31%
 Arthur J. Gallagher & Co. AJG Financials  Financials Mid-Cap Value 2.31%
 Ecolab Inc. ECL Materials  Materials Large-Cap Growth 2.27%
 Danaher Corporation DHR Health Care  Health Care Large-Cap Value 2.23%
 Accenture Plc ACN Information Technology  Information Technology Large-Cap Growth 2.19%
 Berkshire Hathaway Inc. (Class B) BRK/B Financials  Financials Large-Cap Value 2.16%
 Republic Services, Inc. RSG Industrials  Industrials Large-Cap Value 2.15%
 NextEra Energy, Inc. NEE Utilities  Utilities Large-Cap Value 2.14%
 Ameren Corporation AEE Utilities  Utilities Mid-Cap Value 2.13%
 Raytheon Company RTN Industrials  Industrials Large-Cap Growth 2.12%
 United Technologies Corporation UTX Industrials  Industrials Large-Cap Value 2.10%
 Honeywell International Inc. HON Industrials  Industrials Large-Cap Growth 2.10%
 Aflac Incorporated AFL Financials  Financials Large-Cap Value 2.08%
 Praxair, Inc. PX Materials  Materials Large-Cap Growth 2.08%
 Amphenol Corporation APH Information Technology  Information Technology Large-Cap Growth 2.08%
 Marsh & McLennan Companies, Inc. MMC Financials  Financials Large-Cap Growth 2.06%
 Laboratory Corporation of America Holdings LH Health Care  Health Care Mid-Cap Value 2.06%
 Sempra Energy SRE Utilities  Utilities Large-Cap Value 2.05%
 Waste Management, Inc. WM Industrials  Industrials Large-Cap Growth 2.04%
 Air Products and Chemicals, Inc. APD Materials  Materials Large-Cap Value 2.04%
 AvalonBay Communities, Inc. AVB Real Estate  Real Estate Large-Cap Value 1.99%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Growth 1.99%
 Loews Corporation L Financials  Financials Mid-Cap Value 1.99%
 NiSource Inc. NI Utilities  Utilities Mid-Cap Value 1.97%
 Northrop Grumman Corporation NOC Industrials  Industrials Large-Cap Growth 1.97%
 U.S. Bancorp USB Financials  Financials Large-Cap Value 1.96%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 1.95%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 1.94%
 DTE Energy Company DTE Utilities  Utilities Large-Cap Value 1.94%
 Eversource Energy ES Utilities  Utilities Large-Cap Value 1.92%
 Xcel Energy Inc. XEL Utilities  Utilities Large-Cap Value 1.90%
 The Travelers Companies, Inc. TRV Financials  Financials Large-Cap Value 1.90%
 American Electric Power Company, Inc. AEP Utilities  Utilities Large-Cap Value 1.88%
 Willis Towers Watson Plc WLTW Financials  Financials Large-Cap Value 1.88%
 Kimberly-Clark Corporation KMB Consumer Staples  Consumer Staples Large-Cap Growth 1.87%
 The Allstate Corporation ALL Financials  Financials Large-Cap Value 1.87%
 PPL Corporation PPL Utilities  Utilities Large-Cap Value 1.86%
 Torchmark Corporation TMK Financials  Financials Mid-Cap Value 1.85%
 Chubb Limited CB Financials  Financials Large-Cap Value 1.85%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 1.85%
 TE Connectivity Ltd. TEL Information Technology  Information Technology Large-Cap Value 1.85%
 Duke Energy Corporation DUK Utilities  Utilities Large-Cap Value 1.84%
 McDonald's Corporation MCD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.83%
 Pinnacle West Capital Corporation PNW Utilities  Utilities Mid-Cap Value 1.82%
 Consolidated Edison, Inc. ED Utilities  Utilities Large-Cap Value 1.80%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Value 1.74%
 Stanley Black & Decker, Inc. SWK Industrials  Industrials Large-Cap Value 1.74%
 3M Company MMM Industrials  Industrials Large-Cap Growth 1.71%
 Illinois Tool Works Inc. ITW Industrials  Industrials Large-Cap Growth 1.69%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 09/19/2018 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.

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.