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Target Focus Four, 4th Qtr 2019  Ticker: FWRKHX
 
Description
This unit investment trust seeks above-average total return; however, there is no assurance the objective will be met. The portfolio provides you with the convenience of owning four distinct strategies in one investment. It invests in a fixed portfolio of stocks which are selected by applying pre-determined screens and factors.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: F44Q19
Portfolio Status: Secondary
Initial Offer Date: 10/10/2019
Secondary Date: 01/10/2020
Portfolio Ending Date: 01/08/2021
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.8742
POP(*): $10.0093
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 02/24/2020 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 (as of 2/24/2020) Per Unit (as of 2/21/2020)
2.26% $0.22670
^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 and historical 12-month distribution rate 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 distribution rate is calculated by dividing the historical 12-month distributions by the trust's offering price. The historical 12-month distribution and rate 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. PLEASE NOTE: For trusts that hold preferred securities, the historical distribution rate is calculated using only the holdings that have 12 months of distribution history. Any holdings without a 12 month history of dividends were excluded from the calculation. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit and rate 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 1.36%
Consumer Discretionary  Consumer Discretionary 15.60%
Consumer Staples  Consumer Staples 7.74%
Energy  Energy 10.81%
Financials  Financials 30.69%
Health Care  Health Care 3.59%
Industrials  Industrials 10.92%
Information Technology  Information Technology 7.66%
Materials  Materials 4.59%
Real Estate  Real Estate 2.21%
Utilities  Utilities 4.68%
Other  Other 0.15%
 
  Large Mid Small  
Growth  25.61% 3.52% 1.32%  
Value  17.68% 22.71% 29.01%  

 Style Weighting
Large-Cap Growth 25.61%
Large-Cap Value 17.68%
Mid-Cap Growth 3.52%
Mid-Cap Value 22.71%
Small-Cap Growth 1.32%
Small-Cap Value 29.01%
Undetermined 0.15%
 Composition
U.S. Stocks 88.76%   Other 0.15%
Non-U.S. Stocks 11.09%      
The style and sector characteristics of the portfolio are determined as of 02/21/2020 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $38,062.31
Price/Earnings 11.62
Price/Book 1.10
As of 2/21/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Costco Wholesale Corporation COST Consumer Staples  Consumer Staples Large-Cap Growth 5.66%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 4.85%
 Starbucks Corporation SBUX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.21%
 Zoetis Inc. ZTS Health Care  Health Care Large-Cap Growth 2.71%
 F.N.B. Corporation FNB Financials  Financials Small-Cap Value 2.15%
 Domtar Corporation UFS Materials  Materials Small-Cap Value 2.12%
 Valley National Bancorp VLY Financials  Financials Mid-Cap Value 2.09%
 Old Republic International Corporation ORI Financials  Financials Mid-Cap Value 2.07%
 Dollar General Corporation DG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.70%
 PPL Corporation PPL Utilities  Utilities Large-Cap Value 1.67%
 KeyCorp KEY Financials  Financials Mid-Cap Value 1.66%
 People's United Financial, Inc. PBCT Financials  Financials Mid-Cap Value 1.54%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 1.54%
 Truist Financial Corporation TFC Financials  Financials Large-Cap Value 1.52%
 NorthWestern Corporation NWE Utilities  Utilities Small-Cap Value 1.51%
 Avista Corporation AVA Utilities  Utilities Small-Cap Value 1.50%
 PacWest Bancorp PACW Financials  Financials Mid-Cap Value 1.48%
 Huntington Bancshares Incorporated HBAN Financials  Financials Mid-Cap Value 1.46%
 Occidental Petroleum Corporation OXY Energy  Energy Large-Cap Value 1.46%
 General Motors Company GM Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.45%
 Cincinnati Financial Corporation CINF Financials  Financials Mid-Cap Value 1.39%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 1.38%
 The Hershey Company HSY Consumer Staples  Consumer Staples Large-Cap Growth 1.36%
 Trustmark Corporation TRMK Financials  Financials Small-Cap Value 1.35%
 United Bankshares, Inc. UBSI Financials  Financials Small-Cap Value 1.30%
 New York Community Bancorp, Inc. NYCB Financials  Financials Mid-Cap Value 1.28%
 Motorola Solutions, Inc. MSI Information Technology  Information Technology Large-Cap Growth 1.19%
 FleetCor Technologies, Inc. FLT Information Technology  Information Technology Large-Cap Growth 1.11%
 AutoZone, Inc. AZO Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.01%
 SLM Corporation SLM Financials  Financials Mid-Cap Value 0.93%
 Synopsys, Inc. SNPS Information Technology  Information Technology Large-Cap Growth 0.93%
 Colfax Corporation CFX Industrials  Industrials Mid-Cap Value 0.91%
 AECOM ACM Industrials  Industrials Mid-Cap Value 0.90%
 Copart, Inc. CPRT Industrials  Industrials Large-Cap Growth 0.88%
 Tech Data Corporation TECD Information Technology  Information Technology Mid-Cap Value 0.87%
 Stifel Financial Corp. SF Financials  Financials Mid-Cap Value 0.83%
 Brighthouse Financial, Inc. BHF Financials  Financials Mid-Cap Value 0.83%
 TRI Pointe Group, Inc. TPH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.80%
 Toll Brothers, Inc. TOL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.77%
 WPX Energy, Inc. WPX Energy  Energy Mid-Cap Value 0.76%
 Commercial Metals Company CMC Materials  Materials Small-Cap Value 0.75%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.74%
 Murphy Oil Corporation MUR Energy  Energy Small-Cap Value 0.73%
 Knight-Swift Transportation Holdings Inc. KNX Industrials  Industrials Mid-Cap Value 0.72%
 Hancock Whitney Corporation HWC Financials  Financials Small-Cap Value 0.70%
 International Bancshares Corporation IBOC Financials  Financials Small-Cap Value 0.69%
 Fulton Financial Corporation FULT Financials  Financials Small-Cap Value 0.68%
 Akamai Technologies, Inc. AKAM Information Technology  Information Technology Mid-Cap Growth 0.68%
 First Horizon National Corporation FHN Financials  Financials Mid-Cap Value 0.65%
 Mack-Cali Realty Corporation CLI Real Estate  Real Estate Small-Cap Value 0.63%
 CNX Resources Corporation CNX Energy  Energy Small-Cap Value 0.59%
 Dillard's, Inc. (Class A) DDS Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.58%
 Teledyne Technologies Incorporated TDY Industrials  Industrials Mid-Cap Growth 0.58%
 Southwestern Energy Company SWN Energy  Energy Small-Cap Value 0.58%
 Signet Jewelers Limited SIG Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.56%
 United States Steel Corporation X Materials  Materials Small-Cap Value 0.54%
 The Goodyear Tire & Rubber Company GT Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.51%
 West Pharmaceutical Services, Inc. WST Health Care  Health Care Mid-Cap Growth 0.51%
 Barclays Plc (ADR) BCS Financials  Financials Large-Cap Value 0.50%
 ArcelorMittal (ADR) MT Materials  Materials Mid-Cap Value 0.48%
 Atlas Air Worldwide Holdings, Inc. AAWW Industrials  Industrials Small-Cap Value 0.47%
 Canadian Natural Resources Limited CNQ Energy  Energy Large-Cap Value 0.46%
 UBS Group AG UBS Financials  Financials Large-Cap Value 0.46%
 Resideo Technologies, Inc. REZI Industrials  Industrials Small-Cap Value 0.45%
 Oasis Petroleum Inc. OAS Energy  Energy Small-Cap Value 0.44%
 Lloyds Banking Group Plc (ADR) LYG Financials  Financials Large-Cap Value 0.43%
 Manulife Financial Corporation MFC Financials  Financials Large-Cap Value 0.43%
 The Royal Bank of Scotland Group Plc (ADR) RBS Financials  Financials Large-Cap Value 0.43%
 Banco Bilbao Vizcaya Argentaria, S.A. (ADR) BBVA Financials  Financials Large-Cap Value 0.42%
 ING Groep N.V. (ADR) ING Financials  Financials Large-Cap Value 0.41%
 Photronics, Inc. PLAB Information Technology  Information Technology Small-Cap Value 0.41%
 AudioCodes Ltd. AUDC Information Technology  Information Technology Small-Cap Growth 0.41%
 Booz Allen Hamilton Holding Corporation BAH Information Technology  Information Technology Mid-Cap Growth 0.41%
 Magna International Inc. (Class A) MGA Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.40%
 Banco Santander S.A. (ADR) SAN Financials  Financials Large-Cap Value 0.40%
 Honda Motor Co., Ltd. (ADR) HMC Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.40%
 iStar Inc. STAR Real Estate  Real Estate Small-Cap Value 0.40%
 Toyota Motor Corporation (ADR) TM Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.39%
 China Mobile Limited (ADR) CHL Communication Services  Communication Services Large-Cap Value 0.39%
 Mitsubishi UFJ Financial Group, Inc. (ADR) MUFG Financials  Financials Large-Cap Value 0.38%
 Petroleo Brasileiro S.A. - Petrobras (ADR) PBR Energy  Energy Large-Cap Value 0.38%
 SpartanNash Company SPTN Consumer Staples  Consumer Staples Small-Cap Value 0.38%
 Total S.A. (ADR) TOT Energy  Energy Large-Cap Value 0.37%
 Chemed Corporation CHE Health Care  Health Care Mid-Cap Growth 0.37%
 BP Plc (ADR) BP Energy  Energy Large-Cap Value 0.36%
 M/I Homes, Inc. MHO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.36%
 POSCO (ADR) PKX Materials  Materials Mid-Cap Value 0.36%
 Red Robin Gourmet Burgers, Inc. RRGB Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.36%
 Equinor ASA EQNR Energy  Energy Large-Cap Value 0.36%
 Encore Capital Group, Inc. ECPG Financials  Financials Small-Cap Value 0.36%
 TTM Technologies, Inc. TTMI Information Technology  Information Technology Small-Cap Value 0.36%
 Digi International Inc. DGII Information Technology  Information Technology Small-Cap Value 0.35%
 Eni SpA (ADR) E Energy  Energy Large-Cap Value 0.35%
 Canon Inc. (ADR) CAJ Information Technology  Information Technology Large-Cap Value 0.35%
 Orange (ADR) ORAN Communication Services  Communication Services Large-Cap Value 0.35%
 Taylor Morrison Home Corporation (Class A) TMHC Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.35%
 RE/MAX Holdings, Inc. (Class A) RMAX Real Estate  Real Estate Small-Cap Value 0.35%
 Casey's General Stores, Inc. CASY Consumer Staples  Consumer Staples Mid-Cap Growth 0.34%
 The Scotts Miracle-Gro Company SMG Materials  Materials Mid-Cap Growth 0.34%
 Simmons First National Corporation SFNC Financials  Financials Small-Cap Value 0.33%
 FTI Consulting, Inc. FCN Industrials  Industrials Mid-Cap Value 0.33%
 Royal Dutch Shell Plc (ADR) RDS/A Energy  Energy Large-Cap Value 0.33%
 Lithia Motors, Inc. LAD Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.32%
 Scholastic Corporation SCHL Communication Services  Communication Services Small-Cap Value 0.31%
 China Unicom (Hong Kong) Limited (ADR) CHU Communication Services  Communication Services Large-Cap Value 0.31%
 Summit Hotel Properties, Inc. INN Real Estate  Real Estate Small-Cap Value 0.31%
 Benchmark Electronics, Inc. BHE Information Technology  Information Technology Small-Cap Value 0.30%
 Asbury Automotive Group, Inc. ABG Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.30%
 CSG Systems International, Inc. CSGS Information Technology  Information Technology Small-Cap Growth 0.29%
 Hexcel Corporation HXL Industrials  Industrials Mid-Cap Growth 0.29%
 Franklin Street Properties Corp. FSP Real Estate  Real Estate Small-Cap Value 0.29%
 ArcBest Corporation ARCB Industrials  Industrials Small-Cap Value 0.28%
 Denbury Resources Inc. DNR Energy  Energy Small-Cap Value 0.28%
 PDC Energy, Inc. PDCE Energy  Energy Small-Cap Value 0.28%
 Bonanza Creek Energy, Inc. BCEI Energy  Energy Small-Cap Value 0.27%
 Kelly Services, Inc. KELYA Industrials  Industrials Small-Cap Value 0.26%
 Par Pacific Holdings, Inc. PARR Energy  Energy Small-Cap Value 0.25%
 HighPoint Resources Corporation HPR Energy  Energy Small-Cap Value 0.25%
 Washington Prime Group Inc. WPG Real Estate  Real Estate Small-Cap Value 0.23%
 Noble Corporation Plc NE Energy  Energy Small-Cap Value 0.22%
 Chesapeake Energy Corporation CHK Energy  Energy Small-Cap Value 0.22%
 Movado Group, Inc. MOV Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.21%
 Penn Virginia Corporation PVAC Energy  Energy Small-Cap Value 0.20%
 Fossil Group, Inc. FOSL Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.18%
 Gulfport Energy Corporation GPOR Energy  Energy Small-Cap Value 0.16%
 Whiting Petroleum Corporation WLL Energy  Energy Small-Cap Value 0.13%
 
Total Number of Holdings:    126
Underlying Securities information represented above is as of 02/21/2020 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 January 17, 2020
$0.04500 February 20, 2020
$0.04500 March 20, 2020

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.

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.

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.

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 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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Source ICE Data Indices, LLC, is used with permission. "NYSE®" is a service/trade mark of ICE Data Indices, LLC or its affiliates and has been licensed, along with the NYSE® International 100 Index ("Index") for use by First Trust Portfolios L.P. Neither First Trust Portfolios L.P. nor the product, as applicable, is sponsored, endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates or its Third Party Suppliers ("ICE Data and its Suppliers"). ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Product particularly, or the ability of the Index to track general market performance. Past performance of an Index is not an indicator of or a guarantee of future results.

ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM ("INDEX DATA"). ICE DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN "AS IS" BASIS AND YOUR USE IS AT YOUR OWN RISK.

The S&P MidCap 400 and the S&P SmallCap 600 Indices are products of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and have been licensed for use by First Trust Portfolios L.P. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust Portfolios L.P. This product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the S&P MidCap 400 and the S&P SmallCap 600 Indices.

Fund Cusip Information
30311J786 (Cash)
30311J794 (Reinvest)
30311J802 (Cash-Fee)
30311J810 (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 advisors 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.
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