Japan, 11  Ticker: FVORWX
A unit investment trust that seeks above average capital appreciation by investing in a concentrated portfolio of leading Japanese companies.
Please note that there is no assurance the objective will be met.
Product Code: JPGR11
Portfolio Status: Secondary
Initial Offer Date: 02/22/2018
Secondary Date: 05/23/2018
Portfolio Ending Date: 05/22/2019
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
Initial Offer Price: $10.0000
NAV(*): $8.3603
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/25/2019 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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 4.86%
Consumer Discretionary  Consumer Discretionary 23.45%
Consumer Staples  Consumer Staples 10.52%
Energy  Energy 0.00%
Financials  Financials 6.00%
Health Care  Health Care 17.38%
Industrials  Industrials 20.89%
Information Technology  Information Technology 14.01%
Materials  Materials 2.89%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
  Large Mid Small  
Growth  0.00% 4.60% 0.00%  
Value  86.88% 8.52% 0.00%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 86.88%
Mid-Cap Growth 4.60%
Mid-Cap Value 8.52%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.00%
U.S. Stocks 0.00%   Other 0.00%
Non-U.S. Stocks 100.00%      
The style and sector characteristics of the portfolio are determined as of 03/22/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $36,715.93
Weighted Average Price/Earnings 11.98
Weighted Average Price/Book 1.37
As of 3/25/2019
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 SoftBank Group Corp. 9984.JP Communication Services  Communication Services Large-Cap Value 4.86%
 Olympus Corporation 7733.JP Health Care  Health Care Mid-Cap Growth 4.60%
 Terumo Corporation 4543.JP Health Care  Health Care Large-Cap Value 4.48%
 Tokyo Electron Limited 8035.JP Information Technology  Information Technology Large-Cap Value 4.28%
 Shionogi & Co., Ltd. 4507.JP Health Care  Health Care Large-Cap Value 4.26%
 Astellas Pharma Inc. 4503.JP Health Care  Health Care Large-Cap Value 4.04%
 Toyota Motor Corporation 7203.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.84%
 Seven & i Holdings Co., Ltd. 3382.JP Consumer Staples  Consumer Staples Large-Cap Value 3.77%
 Fanuc Corporation 6954.JP Industrials  Industrials Large-Cap Value 3.70%
 Hitachi, Ltd. 6501.JP Information Technology  Information Technology Large-Cap Value 3.51%
 Yokogawa Electric Corporation 6841.JP Information Technology  Information Technology Mid-Cap Value 3.47%
 Bridgestone Corporation 5108.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.43%
 Japan Tobacco, Inc. 2914.JP Consumer Staples  Consumer Staples Large-Cap Value 3.42%
 Kirin Holdings Company, Limited 2503.JP Consumer Staples  Consumer Staples Large-Cap Value 3.33%
 Daikin Industries, Ltd. 6367.JP Industrials  Industrials Large-Cap Value 3.25%
 Sumitomo Mitsui Financial Group, Inc. 8316.JP Financials  Financials Large-Cap Value 3.25%
 Sony Corporation 6758.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.18%
 Sumitomo Corporation 8053.JP Industrials  Industrials Large-Cap Value 3.15%
 Kubota Corporation 6326.JP Industrials  Industrials Large-Cap Value 3.01%
 Suzuki Motor Corporation 7269.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.91%
 Shin-Etsu Chemical Co., Ltd. 4063.JP Materials  Materials Large-Cap Value 2.89%
 Mitsubishi Electric Corporation 6503.JP Industrials  Industrials Large-Cap Value 2.81%
 Canon Inc. 7751.JP Information Technology  Information Technology Large-Cap Value 2.75%
 Mitsubishi UFJ Financial Group, Inc. (MUFG) 8306.JP Financials  Financials Large-Cap Value 2.75%
 Honda Motor Co., Ltd. 7267.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.74%
 Fuji Electric Co., Ltd. 6504.JP Industrials  Industrials Mid-Cap Value 2.73%
 Subaru Corp. 7270.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.62%
 DENSO Corporation 6902.JP Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.41%
 Yamaha Motor Co., Ltd. 7272.JP Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.32%
 Komatsu Ltd. 6301.JP Industrials  Industrials Large-Cap Value 2.24%
Total Number of Holdings:    30
Underlying Securities information represented above is as of 03/22/2019 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.

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.

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.

Japan Concentration Risk. Because the portfolio is concentrated in companies headquartered in Japan, the portfolio may present more risks than a portfolio which is broadly diversified over several regions.

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.

Term Risk - 15 months. Although this unit investment trust terminates in approximately 15 months, 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.

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.

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.