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Target VIP, 4th Qtr 2019  Ticker: FVETVX
 
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 six 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: VP4Q19
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(*): $10.2369
POP(*): $10.3769
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)
1.83% $0.18970
^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 5.20%
Consumer Discretionary  Consumer Discretionary 19.16%
Consumer Staples  Consumer Staples 12.88%
Energy  Energy 4.02%
Financials  Financials 12.79%
Health Care  Health Care 7.64%
Industrials  Industrials 12.60%
Information Technology  Information Technology 22.90%
Materials  Materials 1.22%
Real Estate  Real Estate 0.00%
Utilities  Utilities 1.38%
Other  Other 0.21%
 
  Large Mid Small  
Growth  53.15% 2.39% 11.87%  
Value  26.15% 0.50% 5.73%  

 Style Weighting
Large-Cap Growth 53.15%
Large-Cap Value 26.15%
Mid-Cap Growth 2.39%
Mid-Cap Value 0.50%
Small-Cap Growth 11.87%
Small-Cap Value 5.73%
Undetermined 0.21%
 Composition
U.S. Stocks 81.91%   Other 0.21%
Non-U.S. Stocks 17.88%      
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 $94,987.98
Price/Earnings 20.72
Price/Book 2.57
As of 2/21/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Starbucks Corporation SBUX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 5.23%
 Texas Instruments Incorporated TXN Information Technology  Information Technology Large-Cap Growth 4.70%
 PepsiCo, Inc. PEP Consumer Staples  Consumer Staples Large-Cap Growth 4.06%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 3.50%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.27%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 3.26%
 Costco Wholesale Corporation COST Consumer Staples  Consumer Staples Large-Cap Growth 3.03%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Growth 3.01%
 Walgreens Boots Alliance, Inc. WBA Consumer Staples  Consumer Staples Large-Cap Value 2.98%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 2.59%
 Charter Communications, Inc. CHTR Communication Services  Communication Services Large-Cap Value 2.09%
 Eli Lilly and Company LLY Health Care  Health Care Large-Cap Growth 1.81%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 1.77%
 S&P Global Inc. SPGI Financials  Financials Large-Cap Growth 1.66%
 Zoetis Inc. ZTS Health Care  Health Care Large-Cap Growth 1.45%
 Cintas Corporation CTAS Industrials  Industrials Large-Cap Growth 1.26%
 Alphabet Inc. (Class A) GOOGL Communication Services  Communication Services Large-Cap Growth 1.19%
 Micron Technology, Inc. MU Information Technology  Information Technology Large-Cap Value 1.14%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 1.07%
 Nordea Bank Abp NDA.SS Financials  Financials Large-Cap Value 0.99%
 British American Tobacco Plc BATS.LN Consumer Staples  Consumer Staples Large-Cap Value 0.96%
 BNP Paribas S.A. BNP.FP Financials  Financials Large-Cap Value 0.94%
 Credit Agricole S.A. ACA.FP Financials  Financials Large-Cap Value 0.94%
 KBC Groupe N.V. KBC.BB Financials  Financials Large-Cap Value 0.91%
 Dollar General Corporation DG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.91%
 Intesa Sanpaolo SpA ISP.IM Financials  Financials Large-Cap Value 0.90%
 Synopsys, Inc. SNPS Information Technology  Information Technology Large-Cap Growth 0.89%
 Lloyds Banking Group Plc LLOY.LN Financials  Financials Large-Cap Value 0.87%
 AutoZone, Inc. AZO Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.86%
 Banco Bilbao Vizcaya Argentaria, S.A. BBVA.SM Financials  Financials Large-Cap Value 0.85%
 Rio Tinto Plc RIO.LN Materials  Materials Large-Cap Value 0.83%
 Endesa, S.A. ELE.SM Utilities  Utilities Large-Cap Value 0.82%
 ING Groep N.V. INGA.NA Financials  Financials Large-Cap Value 0.82%
 Banco Santander S.A. SAN.SM Financials  Financials Large-Cap Value 0.80%
 AXA S.A. CS.FP Financials  Financials Large-Cap Value 0.80%
 Walmart, Inc. WMT Consumer Staples  Consumer Staples Large-Cap Value 0.78%
 Ross Stores, Inc. ROST Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.78%
 HSBC Holdings Plc HSBA.LN Financials  Financials Large-Cap Value 0.75%
 Total S.A. FP.FP Energy  Energy Large-Cap Value 0.75%
 BP Plc BP/.LN Energy  Energy Large-Cap Value 0.73%
 Daimler AG DAI.GY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.73%
 The Hershey Company HSY Consumer Staples  Consumer Staples Large-Cap Growth 0.72%
 Eni SpA ENI.IM Energy  Energy Large-Cap Value 0.71%
 Facebook, Inc. (Class A) FB Communication Services  Communication Services Large-Cap Growth 0.69%
 Winnebago Industries, Inc. WGO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.68%
 Atkore International Group Inc. ATKR Industrials  Industrials Small-Cap Growth 0.68%
 Group 1 Automotive, Inc. GPI Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.67%
 Telefonica, S.A. TEF.SM Communication Services  Communication Services Large-Cap Value 0.67%
 Baxter International Inc. BAX Health Care  Health Care Large-Cap Growth 0.66%
 American Woodmark Corporation AMWD Industrials  Industrials Small-Cap Growth 0.66%
 NXP Semiconductors N.V. NXPI Information Technology  Information Technology Large-Cap Value 0.66%
 Motorola Solutions, Inc. MSI Information Technology  Information Technology Large-Cap Growth 0.65%
 FormFactor, Inc. FORM Information Technology  Information Technology Small-Cap Growth 0.65%
 Royal Dutch Shell Plc (Class A) RDSA.LN Energy  Energy Large-Cap Value 0.65%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Value 0.63%
 Sleep Number Corporation SNBR Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.58%
 lululemon athletica inc. LULU Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.58%
 FleetCor Technologies, Inc. FLT Information Technology  Information Technology Large-Cap Growth 0.58%
 eBay Inc. EBAY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.57%
 Perficient, Inc. PRFT Information Technology  Information Technology Small-Cap Growth 0.57%
 Chesapeake Utilities Corporation CPK Utilities  Utilities Small-Cap Growth 0.56%
 Alamo Group Inc. ALG Industrials  Industrials Small-Cap Growth 0.53%
 KEMET Corporation KEM Information Technology  Information Technology Small-Cap Growth 0.52%
 Addus HomeCare Corporation ADUS Health Care  Health Care Small-Cap Growth 0.52%
 Meta Financial Group, Inc. CASH Financials  Financials Small-Cap Value 0.52%
 VeriSign, Inc. VRSN Information Technology  Information Technology Large-Cap Growth 0.51%
 CorVel Corporation CRVL Health Care  Health Care Small-Cap Growth 0.51%
 Synchrony Financial SYF Financials  Financials Large-Cap Value 0.51%
 Huron Consulting Group Inc. HURN Industrials  Industrials Small-Cap Growth 0.50%
 Par Pacific Holdings, Inc. PARR Energy  Energy Small-Cap Value 0.49%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 0.47%
 Copart, Inc. CPRT Industrials  Industrials Large-Cap Growth 0.47%
 Atrion Corporation ATRI Health Care  Health Care Small-Cap Growth 0.47%
 NIC Inc. EGOV Information Technology  Information Technology Small-Cap Growth 0.47%
 Viad Corp VVI Industrials  Industrials Small-Cap Growth 0.44%
 IDEXX Laboratories, Inc. IDXX Health Care  Health Care Large-Cap Growth 0.43%
 Denny's Corporation DENN Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.42%
 Sonic Automotive, Inc. SAH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.42%
 1-800-FLOWERS.COM, Inc. FLWS Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.42%
 Mesa Laboratories, Inc. MLAB Health Care  Health Care Small-Cap Growth 0.42%
 M/I Homes, Inc. MHO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.41%
 ConocoPhillips COP Energy  Energy Large-Cap Value 0.40%
 Century Communities, Inc. CCS Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.40%
 GMS Inc. GMS Industrials  Industrials Small-Cap Value 0.40%
 Benchmark Electronics, Inc. BHE Information Technology  Information Technology Small-Cap Value 0.36%
 Akamai Technologies, Inc. AKAM Information Technology  Information Technology Mid-Cap Growth 0.36%
 Yum! Brands, Inc. YUM Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.34%
 Xperi Corporation XPER Information Technology  Information Technology Small-Cap Value 0.34%
 Boot Barn Holdings, Inc. BOOT Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.33%
 Photronics, Inc. PLAB Information Technology  Information Technology Small-Cap Value 0.32%
 Masco Corporation MAS Industrials  Industrials Mid-Cap Growth 0.31%
 Teledyne Technologies Incorporated TDY Industrials  Industrials Mid-Cap Growth 0.31%
 Taylor Morrison Home Corporation (Class A) TMHC Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.30%
 The Walt Disney Company DIS Communication Services  Communication Services Large-Cap Value 0.29%
 Franklin Resources, Inc. BEN Financials  Financials Mid-Cap Value 0.29%
 America's Car-Mart, Inc. CRMT Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.28%
 Zumiez Inc. ZUMZ Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.28%
 West Pharmaceutical Services, Inc. WST Health Care  Health Care Mid-Cap Growth 0.27%
 TechTarget, Inc. TTGT Communication Services  Communication Services Small-Cap Growth 0.27%
 ANI Pharmaceuticals, Inc. ANIP Health Care  Health Care Small-Cap Growth 0.26%
 Phillips 66 PSX Energy  Energy Large-Cap Value 0.25%
 World Acceptance Corporation WRLD Financials  Financials Small-Cap Value 0.24%
 K12 Inc. LRN Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.23%
 Waters Corporation WAT Health Care  Health Care Mid-Cap Growth 0.22%
 AudioCodes Ltd. AUDC Information Technology  Information Technology Small-Cap Growth 0.22%
 Booz Allen Hamilton Holding Corporation BAH Information Technology  Information Technology Mid-Cap Growth 0.22%
 Lantheus Holdings, Inc. LNTH Health Care  Health Care Small-Cap Growth 0.22%
 U.S. Concrete, Inc. USCR Materials  Materials Small-Cap Value 0.21%
 Anika Therapeutics, Inc. ANIK Health Care  Health Care Small-Cap Growth 0.20%
 Chemed Corporation CHE Health Care  Health Care Mid-Cap Growth 0.20%
 The Estee Lauder Companies Inc. EL Consumer Staples  Consumer Staples Large-Cap Growth 0.18%
 The Scotts Miracle-Gro Company SMG Materials  Materials Mid-Cap Growth 0.18%
 Casey's General Stores, Inc. CASY Consumer Staples  Consumer Staples Mid-Cap Growth 0.17%
 FTI Consulting, Inc. FCN Industrials  Industrials Mid-Cap Value 0.17%
 Lithia Motors, Inc. LAD Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.17%
 CSG Systems International, Inc. CSGS Information Technology  Information Technology Small-Cap Growth 0.16%
 Asbury Automotive Group, Inc. ABG Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.16%
 Hexcel Corporation HXL Industrials  Industrials Mid-Cap Growth 0.15%
 Hibbett Sports, Inc. HIBB Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.14%
 Cabot Oil & Gas Corporation COG Energy  Energy Mid-Cap Value 0.04%
 
Total Number of Holdings:    120
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.

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.

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.

The Dow Jones Industrial Average is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and has 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 Dow Jones Industrial Average.

The Nasdaq 100®, Nasdaq 100 Index®, and Nasdaq® are trade or service marks of Nasdaq, Inc. (which with its affiliates are the Corporations) and are licensed for use by First Trust Portfolios L.P. The portfolio has not been passed on by the Corporations as to its legality or suitability. The portfolio is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PORTFOLIO.

The S&P 500 Index is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and has 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 500 Index.

"Value Line", "The Value Line Investment Survey", and "Timeliness" are trademarks or registered trademarks of Value Line, Inc. ("Value Line") and have been licensed for use for certain purposes by First Trust Portfolios L.P. This product is not sponsored, endorsed, recommended, sold or promoted by Value Line and Value Line makes no representation regarding the advisability of investing in products utilizing such strategy. First Trust Portfolios L.P. is not affiliated with any Value Line company.

Fund Cusip Information
302989181 (Cash)
302989199 (Reinvest)
302989207 (Cash-Fee)
302989215 (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.
First Trust Advisors L.P.
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