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Target Triad, 4th Qtr 2023  Ticker: FAYPNX
 
Description
A unit investment trust that seeks above-average total return; however, there is no assurance the objective will be met. The stocks in the portfolio are selected by applying a disciplined investment strategy which adheres to pre-determined factors.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: TR4Q23
Portfolio Status: Secondary
Initial Offer Date: 10/09/2023
Secondary Date: 01/10/2024
Portfolio Ending Date: 01/09/2025
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $13.2486
POP(*): $13.4299
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/12/2024 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 7/12/2024) Per Unit (as of 7/8/2024)
1.97% $0.26400
^ 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. 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. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 3.40%
Consumer Discretionary  Consumer Discretionary 13.14%
Consumer Staples  Consumer Staples 4.62%
Energy  Energy 14.64%
Financials  Financials 10.92%
Health Care  Health Care 4.96%
Industrials  Industrials 15.61%
Information Technology  Information Technology 21.10%
Materials  Materials 4.61%
Real Estate  Real Estate 0.00%
Utilities  Utilities 6.91%
Other  Other 0.09%
 
  Large Mid Small  
Growth  29.80% 19.54% 3.03%  
Value  19.58% 12.62% 15.34%  

 Style Weighting
Large-Cap Growth 29.80%
Large-Cap Value 19.58%
Mid-Cap Growth 19.54%
Mid-Cap Value 12.62%
Small-Cap Growth 3.03%
Small-Cap Value 15.34%
Undetermined 0.09%
 Composition
U.S. Stocks 82.62%   Other 0.09%
Non-U.S. Stocks 17.29%      
The style and sector characteristics of the portfolio are determined as of 07/11/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $196,475
Price/Earnings 14.44
Price/Book 2.12
As of 7/11/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Super Micro Computer, Inc. SMCI Information Technology  Information Technology Large-Cap Growth 4.37%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 4.30%
 Vistra Corp. VST Utilities  Utilities Large-Cap Growth 4.18%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 3.08%
 Arista Networks, Inc. ANET Information Technology  Information Technology Large-Cap Growth 2.79%
 EMCOR Group, Inc. EME Industrials  Industrials Mid-Cap Growth 2.63%
 Medpace Holdings, Inc. MEDP Health Care  Health Care Mid-Cap Growth 2.59%
 Coca-Cola Consolidated Inc. COKE Consumer Staples  Consumer Staples Mid-Cap Growth 2.52%
 TopBuild Corp. BLD Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.52%
 Toll Brothers, Inc. TOL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.48%
 PulteGroup, Inc. PHM Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.30%
 United Rentals, Inc. URI Industrials  Industrials Large-Cap Value 2.24%
 Weatherford International Plc WFRD Energy  Energy Mid-Cap Growth 2.16%
 General Electric Company GE Industrials  Industrials Large-Cap Growth 2.14%
 Palo Alto Networks, Inc. PANW Information Technology  Information Technology Large-Cap Growth 2.05%
 H&R Block, Inc. HRB Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.86%
 Hubbell Incorporated HUBB Industrials  Industrials Mid-Cap Growth 1.86%
 Phillips 66 PSX Energy  Energy Large-Cap Value 1.81%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 1.80%
 First Citizens BancShares, Inc. (Class A) FCNCA Financials  Financials Mid-Cap Value 1.80%
 The Sherwin-Williams Company SHW Materials  Materials Large-Cap Growth 1.79%
 Delta Air Lines, Inc. DAL Industrials  Industrials Large-Cap Value 1.78%
 Manhattan Associates, Inc. MANH Information Technology  Information Technology Mid-Cap Growth 1.75%
 Airbnb, Inc. (Class A) ABNB Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.70%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 1.67%
 LPL Financial Holdings Inc. LPLA Financials  Financials Mid-Cap Growth 1.65%
 Cheniere Energy, Inc. LNG Energy  Energy Large-Cap Growth 1.60%
 Chord Energy Corporation CHRD Energy  Energy Mid-Cap Value 1.59%
 Halliburton Company HAL Energy  Energy Large-Cap Value 1.28%
 National HealthCare Corporation NHC Health Care  Health Care Small-Cap Growth 0.96%
 Costamare Inc. CMRE Industrials  Industrials Small-Cap Value 0.91%
 Ally Financial Inc. ALLY Financials  Financials Mid-Cap Value 0.91%
 Citigroup Inc. C Financials  Financials Large-Cap Value 0.90%
 Benchmark Electronics, Inc. BHE Information Technology  Information Technology Small-Cap Value 0.90%
 Sinclair, Inc. SBGI Communication Services  Communication Services Small-Cap Growth 0.80%
 Tronox Holdings Plc (Class A) TROX Materials  Materials Small-Cap Value 0.78%
 TORM Plc (Class A) TRMD Energy  Energy Small-Cap Value 0.77%
 Nexstar Media Group, Inc. NXST Communication Services  Communication Services Mid-Cap Value 0.73%
 International Seaways, Inc. INSW Energy  Energy Small-Cap Value 0.72%
 Verizon Communications Inc. VZ Communication Services  Communication Services Large-Cap Value 0.71%
 Boise Cascade Company BCC Industrials  Industrials Small-Cap Growth 0.67%
 Tyson Foods, Inc. (Class A) TSN Consumer Staples  Consumer Staples Mid-Cap Value 0.65%
 Suncor Energy Inc. SU Energy  Energy Large-Cap Value 0.65%
 Black Hills Corporation BKH Utilities  Utilities Small-Cap Value 0.63%
 AudioCodes Ltd. AUDC Information Technology  Information Technology Small-Cap Value 0.62%
 Avista Corporation AVA Utilities  Utilities Small-Cap Value 0.61%
 Avnet, Inc. AVT Information Technology  Information Technology Small-Cap Value 0.60%
 GUESS?, Inc. GES Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.60%
 UGI Corporation UGI Utilities  Utilities Small-Cap Value 0.59%
 Spire Inc. SR Utilities  Utilities Small-Cap Value 0.59%
 Smith & Wesson Brands Inc. SWBI Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.59%
 Hanmi Financial Corporation HAFC Financials  Financials Small-Cap Value 0.59%
 Veren Inc. VRN Energy  Energy Small-Cap Value 0.59%
 GE Vernova Inc. GEV Industrials  Industrials Large-Cap Value 0.58%
 TEGNA Inc. TGNA Communication Services  Communication Services Small-Cap Value 0.57%
 Universal Corporation UVV Consumer Staples  Consumer Staples Small-Cap Value 0.57%
 Mercer International Inc. MERC Materials  Materials Small-Cap Value 0.57%
 Eagle Bancorp, Inc. EGBN Financials  Financials Small-Cap Value 0.54%
 Huntsman Corporation HUN Materials  Materials Small-Cap Value 0.53%
 Insteel Industries, Inc. IIIN Industrials  Industrials Small-Cap Value 0.53%
 Haverty Furniture Companies, Inc. HVT Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.49%
 Premier, Inc. (Class A) PINC Health Care  Health Care Small-Cap Value 0.49%
 New York Community Bancorp, Inc. NYCB Financials  Financials Small-Cap Value 0.48%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 0.47%
 ACCO Brands Corporation ACCO Industrials  Industrials Small-Cap Value 0.47%
 Deutsche Bank AG DB Financials  Financials Large-Cap Value 0.46%
 CVS Health Corporation CVS Health Care  Health Care Large-Cap Value 0.45%
 Barclays Plc (ADR) BCS Financials  Financials Large-Cap Value 0.45%
 Manulife Financial Corporation MFC Financials  Financials Large-Cap Value 0.44%
 Natwest Group Plc NWG Financials  Financials Large-Cap Value 0.44%
 ICL Group Ltd. ICL Materials  Materials Mid-Cap Value 0.44%
 Lloyds Banking Group Plc (ADR) LYG Financials  Financials Large-Cap Value 0.43%
 ING Groep N.V. (ADR) ING Financials  Financials Large-Cap Value 0.39%
 Banco Santander S.A. (ADR) SAN Financials  Financials Large-Cap Value 0.38%
 Banco Bilbao Vizcaya Argentaria, S.A. (ADR) BBVA Financials  Financials Large-Cap Value 0.38%
 UBS Group AG UBS Financials  Financials Large-Cap Value 0.37%
 Shell Plc (ADR) SHEL Energy  Energy Large-Cap Value 0.34%
 Telefonica, S.A. (ADR) TEF Communication Services  Communication Services Mid-Cap Value 0.32%
 Nokia Corporation (ADR) NOK Information Technology  Information Technology Mid-Cap Value 0.32%
 Methode Electronics, Inc. MEI Information Technology  Information Technology Small-Cap Value 0.32%
 Petroleo Brasileiro S.A. - Petrobras (ADR) PBR Energy  Energy Large-Cap Value 0.32%
 British American Tobacco Plc (ADR) BTI Consumer Staples  Consumer Staples Large-Cap Value 0.31%
 HSBC Holdings Plc (ADR) HSBC Financials  Financials Large-Cap Value 0.31%
 National Grid Plc (ADR) NGG Utilities  Utilities Large-Cap Value 0.31%
 Stellantis N.V. STLA Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.31%
 Eni SpA (ADR) E Energy  Energy Large-Cap Value 0.30%
 Ecopetrol S.A. (ADR) EC Energy  Energy Mid-Cap Value 0.30%
 Honda Motor Co., Ltd. (ADR) HMC Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.29%
 Nu Skin Enterprises, Inc. (Class A) NUS Consumer Staples  Consumer Staples Small-Cap Value 0.29%
 BP Plc (ADR) BP Energy  Energy Large-Cap Value 0.28%
 ArcelorMittal (ADR) MT Materials  Materials Mid-Cap Value 0.28%
 Walgreens Boots Alliance, Inc. WBA Consumer Staples  Consumer Staples Mid-Cap Value 0.28%
 Orange (ADR) ORAN Communication Services  Communication Services Large-Cap Value 0.27%
 Woodside Energy Group Limited (ADR) WDS Energy  Energy Large-Cap Value 0.26%
 POSCO Holdings Inc. (ADR) PKX Materials  Materials Mid-Cap Value 0.22%
 
Total Number of Holdings:    95
Underlying Securities information represented above is as of 07/11/2024 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.

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.

COVID-19 Economic Impact Risk. The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

Foreign Securities Risk. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

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

Market Disruption Risk. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain investments as well as performance.

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 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.

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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30332L505 (Cash)
30332L513 (Reinvest)
30332L521 (Cash-Fee)
30332L539 (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.
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