SMid High Dividend, 29  Ticker: FONLDX
A unit investment trust that seeks above average total return by investing in a portfolio of small- and mid-capitalization companies with above-average dividend yields.
Product Code: SMDV29
Portfolio Status: Primary
Initial Offer Date: 02/16/2018
Portfolio Ending Date: 02/18/2020
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.6134
POP(*): $9.8338
Remaining Deferred Sales Charge: $0.2250
* 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 * $0.2888
Subsequent Years * $0.2868
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 25.23%
Consumer Staples  Consumer Staples 3.45%
Energy  Energy 6.93%
Financials  Financials 27.52%
Health Care  Health Care 2.59%
Industrials  Industrials 14.00%
Information Technology  Information Technology 3.29%
Materials  Materials 6.46%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 10.43%
Other  Other 0.10%
  Large Mid Small  
Growth  0.00% 22.87% 10.39%  
Value  0.00% 40.42% 26.22%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 22.87%
Mid-Cap Value 40.42%
Small-Cap Growth 10.39%
Small-Cap Value 26.22%
Undetermined 0.10%
U.S. Stocks 90.10%   Other 0.10%
Non-U.S. Stocks 9.80%      
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 $6,456.28
Weighted Average Price/Earnings 14.63
Weighted Average Price/Book 2.02
As of 3/16/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 KAR Auction Services, Inc. KAR Industrials  Industrials Mid-Cap Growth 3.63%
 MSC Industrial Direct Co., Inc. (Class A) MSM Industrials  Industrials Mid-Cap Growth 3.60%
 TCF Financial Corporation TCF Financials  Financials Mid-Cap Value 3.58%
 PBF Energy Inc. PBF Energy  Energy Small-Cap Value 3.58%
 Washington Trust Bancorp, Inc. WASH Financials  Financials Small-Cap Growth 3.56%
 Otter Tail Corporation OTTR Utilities  Utilities Small-Cap Growth 3.51%
 Old Republic International Corporation ORI Financials  Financials Mid-Cap Value 3.49%
 ALLETE, Inc. ALE Utilities  Utilities Small-Cap Value 3.49%
 The J.M. Smucker Company SJM Consumer Staples  Consumer Staples Mid-Cap Value 3.45%
 First American Financial Corporation FAF Financials  Financials Mid-Cap Value 3.45%
 Old National Bancorp ONB Financials  Financials Small-Cap Value 3.43%
 OGE Energy Corp. OGE Utilities  Utilities Mid-Cap Value 3.43%
 Steelcase Inc. SCS Industrials  Industrials Small-Cap Value 3.40%
 Invesco Ltd. IVZ Financials  Financials Mid-Cap Value 3.37%
 American Railcar Industries, Inc. ARII Industrials  Industrials Small-Cap Value 3.37%
 HollyFrontier Corporation HFC Energy  Energy Mid-Cap Value 3.35%
 FNF Group FNF Financials  Financials Mid-Cap Value 3.33%
 Norbord Inc. OSB Materials  Materials Small-Cap Growth 3.32%
 PacWest Bancorp PACW Financials  Financials Mid-Cap Value 3.31%
 Juniper Networks, Inc. JNPR Information Technology  Information Technology Mid-Cap Value 3.29%
 Kohl's Corporation KSS Consumer Discretionary  Consumer Discretionary Mid-Cap Value 3.26%
 Darden Restaurants, Inc. DRI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.26%
 M.D.C. Holdings, Inc. MDC Consumer Discretionary  Consumer Discretionary Small-Cap Value 3.22%
 Hanesbrands Inc. HBI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.19%
 The Interpublic Group of Companies, Inc. IPG Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.16%
 Schweitzer-Mauduit International, Inc. SWM Materials  Materials Small-Cap Value 3.14%
 Garmin Ltd. GRMN Consumer Discretionary  Consumer Discretionary Mid-Cap Value 3.11%
 Hasbro, Inc. HAS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.02%
 Genuine Parts Company GPC Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.01%
 Patterson Companies, Inc. PDCO Health Care  Health Care Small-Cap Value 2.59%
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:  2.29%
C&D Fee:    0.51%
Maximum Sales Charge:   2.75%
CUSIP Type Distribution
30307B144 Cash Monthly
30307B151 Reinvest Monthly
* Based on the offer price as of 03/16/2018 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.52%
Maximum Sales Charge:   0.52%
CUSIP Type Distribution
30307B169 Cash-Fee Monthly
30307B177 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
$0.07500 May 18, 2018
$0.07500 June 20, 2018
$0.07500 July 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.

Buy & Hold Risk – Taxable Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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.

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.

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.