Preferred Income Opportunity, 8  Ticker: FKSHPX
 
Description
A unit investment trust that seeks a high rate of current income by investing in a diversified portfolio of preferred securities.
 
Summary
Product Code: PRIO8
Portfolio Status: Secondary
Initial Offer Date: 01/29/2018
Secondary Date: 04/25/2018
Portfolio Ending Date: 04/29/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.8506
POP(*): $9.9854
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 06/21/2018 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 * $0.4826
As of 06/18/2018
* 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  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 Dominion Energy, Inc., Series A, 5.250%, Due 07/30/2076 DRUA 4.61%
 NextEra Energy Capital Holdings, Inc., Series K, 5.250%, Due 06/01/2076 NEE.K 4.57%
 eBay Inc., 6.000%, Due 02/01/2056 EBAYL 4.55%
 Federal Realty Investment Trust, Series C, 5.000% FRT.C 4.51%
 AT&T Inc., 5.350%, Due 11/01/2066 TBB 4.50%
 National Retail Properties, Inc., Series F, 5.200% NNN.F 4.33%
 The Allstate Corporation, 5.100%, Variable Rate, Due 01/15/2053 ALL.B 4.08%
 Stifel Financial Corp., 5.20%, Due 10/15/2047 SFB 4.04%
 JPMorgan Chase & Co., Series BB, 6.150% JPM.H 4.03%
 Axis Capital Holdings Limited, Series E, 5.500% AXS.E 4.02%
 State Street Corporation, Series D, 5.900%, Variable Rate STT.D 3.99%
 The PNC Financial Services Group, Inc., Series P, 6.125%, Variable Rate PNC.P 3.98%
 The Southern Company, 5.250%, Due 10/01/2076 SOJB 2.57%
 Public Storage, Series F, 5.150% PSA.F 2.56%
 Entergy Arkansas, Inc., 4.875%, Due 09/01/2066 EAI 2.52%
 DTE Energy Company, Series B, 5.375%, Due 06/01/2076 DTJ 2.51%
 U.S. Bancorp, Series F, 6.500%, Variable Rate USB.M 2.51%
 The Hartford Financial Services Group, Inc., 7.875%, Variable Rate, Due 04/15/2042 HGH 2.48%
 W.R. Berkley Corporation, 5.750%, Due 06/01/2056 WRB.D 2.44%
 Kimco Realty Corporation, Series L, 5.125% KIM.L 2.43%
 PS Business Parks, Inc., Series W, 5.200% PSB.W 2.42%
 Arch Capital Group Ltd., Series F, 5.450% ACGLO 2.41%
 Public Storage, Series B, 5.400% PSA.B 2.06%
 Entergy New Orleans, Inc., 5.500%, Due 04/01/2066 ENO 2.05%
 The Southern Company, 5.250%, Due 12/01/2077 SOJC 2.04%
 DTE Energy Company, Series E, 5.250%, Due 12/01/2077 DTW 2.02%
 BOK Financial Corporation, 5.375%, Due 06/30/2056 BOKFL 1.99%
 Wells Fargo & Company, Series X, 5.500% WFC.X 1.99%
 Arch Capital Group Ltd., Series E, 5.250% ACGLP 1.99%
 American Financial Group, Inc., 6.250%, Due 09/30/2054 AFGE 1.98%
 BrightSphere Investment Group Plc, 5.125%, Due 08/01/2031 BSA 1.98%
 PS Business Parks, Inc., Series X, 5.250% PSB.X 1.96%
 Wells Fargo & Company, 5.850%, Variable Rate WFC.Q 1.95%
 Kimco Realty Corporation, Series M, 5.250% KIM.M 1.93%
 
Total Number of Holdings:    34
Underlying Securities information represented above is as of 06/20/2018 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 May 18, 2018
$0.04500 June 20, 2018
$0.04500 July 20, 2018

Risk Considerations

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.

High-Yield or Junk Bonds Risk. Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

Preferred Securities Risk. Preferred securities are equity securities of the issuing company which pay income in the form of dividends. Preferred securities are typically subordinated to bonds and other debt instruments in a company's capital structure, and therefore will be subject to greater credit risk than those debt instruments.

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.

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.