Richard Bernstein Advisors Quality Income, 30  Ticker: FCMLRX
 
Description
A unit investment trust that seeks total return through a combination of dividend income and capital appreciation. The stocks are selected for the trust by Richard Bernstein Advisors LLC using their comprehensive Quality Income strategy.
 
Summary
Product Code: RBAQ30
Portfolio Status: Primary
Initial Offer Date: 07/20/2018
Portfolio Ending Date: 10/21/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.0311
POP(*): $10.1693
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 08/16/2018 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 * $0.3116
Subsequent Years * $0.3098
As of 08/13/2018
* 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 12.22%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 0.00%
Financials  Financials 31.22%
Health Care  Health Care 3.78%
Industrials  Industrials 11.78%
Information Technology  Information Technology 7.65%
Materials  Materials 0.00%
Real Estate  Real Estate 4.01%
Telecommunication Services  Telecommunication Services 6.04%
Utilities  Utilities 23.12%
Other  Other 0.18%
 
  Large Mid Small  
Growth  11.97% 15.91% 16.06%  
Value  16.94% 17.15% 21.79%  

 Style Weighting
Large-Cap Growth 11.97%
Large-Cap Value 16.94%
Mid-Cap Growth 15.91%
Mid-Cap Value 17.15%
Small-Cap Growth 16.06%
Small-Cap Value 21.79%
Undetermined 0.18%
 Composition
U.S. Stocks 85.81%   Other 0.18%
Non-U.S. Stocks 14.01%      
The style and sector characteristics of the portfolio are determined as of 08/15/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $25,798.80
Weighted Average Price/Earnings 18.50
Weighted Average Price/Book 2.14
As of 8/15/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 The Buckle, Inc. BKE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 4.29%
 Infosys Limited (ADR) INFY Information Technology  Information Technology Large-Cap Growth 4.19%
 Erie Indemnity Company ERIE Financials  Financials Mid-Cap Growth 4.13%
 China Mobile Limited (ADR) CHL Telecommunication Services  Telecommunication Services Large-Cap Value 4.11%
 MSC Industrial Direct Co., Inc. (Class A) MSM Industrials  Industrials Mid-Cap Growth 4.08%
 Fastenal Company FAST Industrials  Industrials Mid-Cap Growth 4.07%
 National Retail Properties, Inc. NNN Real Estate  Real Estate Mid-Cap Value 4.01%
 McDonald's Corporation MCD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.00%
 Cracker Barrel Old Country Store, Inc. CBRL Consumer Discretionary  Consumer Discretionary Small-Cap Growth 3.93%
 Novo Nordisk A/S (ADR) NVO Health Care  Health Care Large-Cap Growth 3.78%
 TrustCo Bank Corp NY TRST Financials  Financials Small-Cap Value 3.65%
 Watsco, Inc. WSO Industrials  Industrials Mid-Cap Growth 3.63%
 Provident Financial Services, Inc. PFS Financials  Financials Small-Cap Value 3.58%
 NVE Corporation NVEC Information Technology  Information Technology Small-Cap Growth 3.46%
 Eversource Energy ES Utilities  Utilities Large-Cap Value 3.01%
 Southwest Gas Holdings, Inc. SWX Utilities  Utilities Small-Cap Value 2.98%
 IDACORP, Inc. IDA Utilities  Utilities Mid-Cap Value 2.91%
 Pinnacle West Capital Corporation PNW Utilities  Utilities Mid-Cap Value 2.91%
 Alliant Energy Corporation LNT Utilities  Utilities Mid-Cap Value 2.89%
 WEC Energy Group, Inc. WEC Utilities  Utilities Large-Cap Value 2.83%
 Consolidated Edison, Inc. ED Utilities  Utilities Large-Cap Value 2.83%
 ALLETE, Inc. ALE Utilities  Utilities Small-Cap Value 2.76%
 People's United Financial, Inc. PBCT Financials  Financials Mid-Cap Value 2.28%
 Bank of Hawaii Corporation BOH Financials  Financials Small-Cap Growth 2.27%
 Fulton Financial Corporation FULT Financials  Financials Small-Cap Value 2.26%
 BB&T Corporation BBT Financials  Financials Large-Cap Value 2.23%
 Hope Bancorp, Inc. HOPE Financials  Financials Small-Cap Value 2.17%
 F.N.B. Corporation FNB Financials  Financials Mid-Cap Value 2.15%
 CVB Financial Corp. CVBF Financials  Financials Small-Cap Growth 2.11%
 China Telecom Corporation Limited (ADR) CHA Telecommunication Services  Telecommunication Services Large-Cap Value 1.93%
 Sandy Spring Bancorp, Inc. SASR Financials  Financials Small-Cap Value 1.48%
 WesBanco, Inc. WSBC Financials  Financials Small-Cap Value 1.37%
 Park National Corporation PRK Financials  Financials Small-Cap Value 0.81%
 NBT Bancorp Inc. NBTB Financials  Financials Small-Cap Value 0.73%
 
Total Number of Holdings:    34
Underlying Securities information represented above is as of 08/15/2018 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.03%
  Deferred:  1.33%
C&D Fee:    0.49%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30309R683 Cash Monthly
30309R691 Reinvest Monthly
* Based on the offer price as of 08/16/2018 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.50%
Maximum Sales Charge:   0.50%
CUSIP Type Distribution
30309R709 Cash-Fee Monthly
30309R717 Reinvest-Fee Monthly
* Based on the NAV price as of 08/16/2018 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
$0.04500 October 19, 2018
$0.04500 November 20, 2018
$0.04500 December 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.

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.

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.

REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

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.