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High Dividend Equity Allocation, 24  Ticker: FBVGKX
 
Description
A unit investment trust that seeks above-average total return through a combination of capital appreciation and dividend income by investing in a broad range of companies that we believe have shown a solid history of distributing dividends to shareholders.
 
Summary
Product Code: HDEA24
Portfolio Status: Secondary
Initial Offer Date: 06/26/2017
Secondary Date: 09/20/2017
Portfolio Ending Date: 07/01/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.3483
POP(*): $10.5865
Remaining Deferred Sales Charge: $0.2250
* As of Trade Date: 10/16/2017 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 * $0.3269
Subsequent Years * $0.3263
As of 10/16/2017
* 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 14.93%
Consumer Staples  Consumer Staples 5.35%
Energy  Energy 7.61%
Financials  Financials 24.89%
Health Care  Health Care 4.28%
Industrials  Industrials 11.22%
Information Technology  Information Technology 8.14%
Materials  Materials 10.84%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 6.85%
Utilities  Utilities 5.83%
Other  Other 0.06%
 
  Large Mid Small  
Growth  18.47% 9.30% 5.80%  
Value  41.00% 15.55% 9.82%  

 Style Weighting
Large-Cap Growth 18.47%
Large-Cap Value 41.00%
Mid-Cap Growth 9.30%
Mid-Cap Value 15.55%
Small-Cap Growth 5.80%
Small-Cap Value 9.82%
Undetermined 0.06%
 Composition
U.S. Stocks 56.11%   Other 0.06%
Non-U.S. Stocks 43.83%      
The style and sector characteristics of the portfolio are determined as of 10/13/2017 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $52,749.10
Weighted Average Price/Earnings 14.68
Weighted Average Price/Book 1.89
As of 10/13/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 General Motors Company GM Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.76%
 Itau Unibanco Holding S.A. (ADR) ITUB Financials  Financials Large-Cap Value 1.75%
 T. Rowe Price Group, Inc. TROW Financials  Financials Large-Cap Growth 1.69%
 Douglas Dynamics, Inc. PLOW Industrials  Industrials Small-Cap Growth 1.69%
 Companhia de Bebidas das Americas (Ambev) (ADR) ABEV Consumer Staples  Consumer Staples Large-Cap Growth 1.69%
 Rio Tinto Plc (ADR) RIO Materials  Materials Large-Cap Value 1.68%
 Ternium S.A. (ADR) TX Materials  Materials Mid-Cap Value 1.67%
 BHP Billiton Limited (ADR) BHP Materials  Materials Large-Cap Value 1.62%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 1.62%
 LyondellBasell Industries N.V. LYB Materials  Materials Large-Cap Growth 1.61%
 Companhia Paranaense de Energia-Copel (Preference, ADR) ELP Utilities  Utilities Small-Cap Value 1.59%
 Repsol, S.A. (ADR) REPYY Energy  Energy Large-Cap Value 1.58%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.57%
 Allianz SE (ADR) AZSEY Financials  Financials Large-Cap Value 1.56%
 Phillips 66 PSX Energy  Energy Large-Cap Value 1.56%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 1.55%
 Telefonica Brasil S.A. (ADR) VIV Telecommunication Services  Telecommunication Services Large-Cap Value 1.55%
 Washington Trust Bancorp, Inc. WASH Financials  Financials Small-Cap Growth 1.54%
 Intel Corporation INTC Information Technology  Information Technology Large-Cap Value 1.52%
 Gilead Sciences, Inc. GILD Health Care  Health Care Large-Cap Growth 1.50%
 BNP Paribas S.A. (ADR) BNPQY Financials  Financials Large-Cap Value 1.50%
 LUKOIL PJSC (ADR) LUKOY Energy  Energy Large-Cap Value 1.49%
 Australia and New Zealand Banking Group Limited (ADR) ANZBY Financials  Financials Large-Cap Value 1.49%
 V.F. Corporation VFC Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.48%
 Steelcase Inc. SCS Industrials  Industrials Small-Cap Value 1.48%
 Canadian Imperial Bank of Commerce CM Financials  Financials Large-Cap Value 1.48%
 Schweitzer-Mauduit International, Inc. SWM Materials  Materials Small-Cap Growth 1.47%
 KAR Auction Services, Inc. KAR Industrials  Industrials Mid-Cap Growth 1.47%
 El Paso Electric Company EE Utilities  Utilities Small-Cap Value 1.46%
 First American Financial Corporation FAF Financials  Financials Mid-Cap Value 1.46%
 ING Groep N.V. (ADR) ING Financials  Financials Large-Cap Value 1.45%
 Total S.A. (ADR) TOT Energy  Energy Large-Cap Value 1.43%
 Daimler AG DDAIF Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.43%
 Arthur J. Gallagher & Co. AJG Financials  Financials Mid-Cap Value 1.43%
 American Railcar Industries, Inc. ARII Industrials  Industrials Small-Cap Value 1.43%
 Exelon Corporation EXC Utilities  Utilities Large-Cap Value 1.42%
 Garmin Ltd. GRMN Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.42%
 Banco Latinoamericano de Comercio Exterior, S.A. BLX Financials  Financials Small-Cap Value 1.42%
 Fastenal Company FAST Industrials  Industrials Mid-Cap Growth 1.41%
 Reliance Steel & Aluminum Co. RS Materials  Materials Mid-Cap Value 1.41%
 The Bank of Nova Scotia BNS Financials  Financials Large-Cap Value 1.41%
 Maxim Integrated Products, Inc. MXIM Information Technology  Information Technology Mid-Cap Growth 1.40%
 TELUS Corporation TU Telecommunication Services  Telecommunication Services Large-Cap Value 1.40%
 Verizon Communications Inc. VZ Telecommunication Services  Telecommunication Services Large-Cap Growth 1.39%
 Genuine Parts Company GPC Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.39%
 PacWest Bancorp PACW Financials  Financials Mid-Cap Value 1.39%
 Sasol Limited (ADR) SSL Materials  Materials Large-Cap Value 1.38%
 Hanesbrands Inc. HBI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.38%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Value 1.37%
 Advanced Semiconductor Engineering, Inc. (ADR) ASX Information Technology  Information Technology Mid-Cap Value 1.37%
 OGE Energy Corp. OGE Utilities  Utilities Mid-Cap Value 1.36%
 F.N.B. Corporation FNB Financials  Financials Mid-Cap Value 1.36%
 Invesco Ltd. IVZ Financials  Financials Mid-Cap Value 1.36%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 1.35%
 Eaton Corporation Plc ETN Industrials  Industrials Large-Cap Value 1.35%
 Old Republic International Corporation ORI Financials  Financials Mid-Cap Value 1.32%
 BAE Systems Plc (ADR) BAESY Industrials  Industrials Large-Cap Growth 1.30%
 Legg Mason, Inc. LM Financials  Financials Small-Cap Value 1.28%
 PT Telekomunikasi Indonesia (ADR) TLK Telecommunication Services  Telecommunication Services Large-Cap Growth 1.27%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 1.26%
 China Mobile Limited (ADR) CHL Telecommunication Services  Telecommunication Services Large-Cap Value 1.24%
 QUALCOMM Incorporated QCOM Information Technology  Information Technology Large-Cap Value 1.22%
 British American Tobacco Plc (ADR) BTI Consumer Staples  Consumer Staples Large-Cap Growth 1.19%
 Owens & Minor, Inc. OMI Health Care  Health Care Small-Cap Value 1.16%
 WPP Plc (ADR) WPPGY Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.15%
 The Interpublic Group of Companies, Inc. IPG Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.13%
 Altria Group, Inc. MO Consumer Staples  Consumer Staples Large-Cap Growth 1.12%
 Coach, Inc. COH Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.12%
 Brinker International, Inc. EAT Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.10%
 General Electric Company GE Industrials  Industrials Large-Cap Value 1.09%
 
Total Number of Holdings:    70
Underlying Securities information represented above is as of 10/13/2017 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 October 20, 2017
$0.07500 November 20, 2017
$0.07500 December 20, 2017

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.

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.

Emerging Markets Risk. Risks associated with investing in foreign securities may be more pronounced in emerging markets where the securities markets are substantially smaller, less liquid, less regulated and more volatile than the U.S. and developed 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.

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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 and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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