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Richard Bernstein Advisors Quality Income, 39  Ticker: FHCWNX
 
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.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: RBAQ39
Portfolio Status: Secondary
Initial Offer Date: 09/14/2020
Secondary Date: 12/11/2020
Portfolio Ending Date: 12/14/2021
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $13.0417
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/08/2021 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.

 Historical 12-Month Distribution of Trust Holdings:^
Rate  Per Unit (as of 12/6/2021)
----- $0.32890
^ There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical 12-month distribution per unit of the securities included in the trust are for illustrative purposes only and are not indicative of the trust's distribution or distribution rate. The historical 12-month distribution per unit is based on the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio. The historical 12-month distributions are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit paid by the trust may be higher or lower than the amount shown above due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, or the sale of securities in the portfolio.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 0.00%
Consumer Discretionary  Consumer Discretionary 0.00%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 0.00%
Financials  Financials 33.30%
Health Care  Health Care 4.88%
Industrials  Industrials 14.30%
Information Technology  Information Technology 9.96%
Materials  Materials 3.53%
Real Estate  Real Estate 8.93%
Utilities  Utilities 24.81%
Other  Other 0.29%
 
  Large Mid Small  
Growth  14.84% 4.38% 2.59%  
Value  10.78% 14.24% 52.88%  

 Style Weighting
Large-Cap Growth 14.84%
Large-Cap Value 10.78%
Mid-Cap Growth 4.38%
Mid-Cap Value 14.24%
Small-Cap Growth 2.59%
Small-Cap Value 52.88%
Undetermined 0.29%
 Composition
U.S. Stocks 90.75%   Other 0.29%
Non-U.S. Stocks 8.96%      
The style and sector characteristics of the portfolio are determined as of 12/07/2021 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $28,480.37
Price/Earnings 19.45
Price/Book 1.89
As of 11/30/2021
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Independent Bank Corp. INDB Financials  Financials Small-Cap Value 8.34%
 Automatic Data Processing, Inc. ADP Information Technology  Information Technology Large-Cap Growth 5.16%
 Northfield Bancorp, Inc. NFBK Financials  Financials Small-Cap Value 5.12%
 Novo Nordisk A/S (ADR) NVO Health Care  Health Care Large-Cap Growth 4.88%
 Paychex, Inc. PAYX Information Technology  Information Technology Large-Cap Growth 4.80%
 Hubbell Incorporated HUBB Industrials  Industrials Mid-Cap Growth 4.38%
 ABB Ltd (ADR) ABB Industrials  Industrials Large-Cap Value 4.08%
 International Flavors & Fragrances Inc. IFF Materials  Materials Large-Cap Value 3.53%
 Associated Banc-Corp ASB Financials  Financials Small-Cap Value 3.43%
 Independent Bank Group, Inc. IBTX Financials  Financials Small-Cap Value 3.18%
 Realty Income Corporation O Real Estate  Real Estate Large-Cap Value 3.17%
 Agree Realty Corporation ADC Real Estate  Real Estate Small-Cap Value 3.12%
 Simmons First National Corporation SFNC Financials  Financials Small-Cap Value 3.11%
 National Presto Industries, Inc. NPK Industrials  Industrials Small-Cap Value 2.97%
 Kimball International, Inc. KBAL Industrials  Industrials Small-Cap Value 2.87%
 Prosperity Bancshares, Inc. PB Financials  Financials Mid-Cap Value 2.83%
 Park National Corporation PRK Financials  Financials Small-Cap Value 2.73%
 Otter Tail Corporation OTTR Utilities  Utilities Small-Cap Growth 2.59%
 National Health Investors, Inc. NHI Real Estate  Real Estate Small-Cap Value 2.56%
 Portland General Electric Company POR Utilities  Utilities Small-Cap Value 2.23%
 IDACORP, Inc. IDA Utilities  Utilities Small-Cap Value 1.94%
 Evergy, Inc. EVRG Utilities  Utilities Mid-Cap Value 1.92%
 Essential Utilities, Inc. WTRG Utilities  Utilities Mid-Cap Value 1.91%
 MDU Resources Group, Inc. MDU Utilities  Utilities Small-Cap Value 1.85%
 Hawaiian Electric Industries, Inc. HE Utilities  Utilities Small-Cap Value 1.81%
 Alliant Energy Corporation LNT Utilities  Utilities Mid-Cap Value 1.68%
 Eversource Energy ES Utilities  Utilities Mid-Cap Value 1.56%
 Atmos Energy Corporation ATO Utilities  Utilities Mid-Cap Value 1.52%
 MGE Energy, Inc. MGEE Utilities  Utilities Small-Cap Value 1.49%
 ONE Gas, Inc. OGS Utilities  Utilities Small-Cap Value 1.49%
 WEC Energy Group, Inc. WEC Utilities  Utilities Mid-Cap Value 1.43%
 Westamerica Bancorporation WABC Financials  Financials Small-Cap Value 1.41%
 Pinnacle West Capital Corporation PNW Utilities  Utilities Mid-Cap Value 1.39%
 City Holding Company CHCO Financials  Financials Small-Cap Value 1.39%
 Stock Yards Bancorp, Inc. SYBT Financials  Financials Small-Cap Value 1.04%
 Horizon Bancorp, Inc. HBNC Financials  Financials Small-Cap Value 0.72%
 Orion Office REIT Inc. ONL Real Estate  Real Estate Small-Cap Value 0.08%
 
Total Number of Holdings:    37
Underlying Securities information represented above is as of 12/07/2021 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.

COVID-19 Economic Impact Risk. The COVID-19 global pandemic has caused significant volatility and declines in global financial markets, causing losses for investors. The development of vaccines has slowed the spread of the virus and allowed for the resumption of "reasonably" normal business activity in the United States, although many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

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.

Large-Cap Risk. Large capitalization companies may grow at a slower rate than the overall market.

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.

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.

Utilities Risk. The companies engaged in the utilities sector are subject to certain risks, including price and supply fluctuations caused by international politics, energy conservation, taxes, and other regulatory policies of various governments.

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 cybersecurity.

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 professional 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.

Fund Cusip Information
30315N783 (Cash)
30315N791 (Reinvest)
30315N809 (Cash-Fee)
30315N817 (Reinvest-Fee)
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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