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Target Focus Four, 3rd Qtr 2024  Ticker: FAZWTX
 
Description
A unit investment trust that 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: F43Q24
Portfolio Status: Secondary
Initial Offer Date: 07/10/2024
Secondary Date: 10/10/2024
Portfolio Ending Date: 10/09/2025
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $10.1560
POP(*): $10.2950
Remaining Deferred Sales Charge: $0.0900
* As of Trade Date: 11/01/2024 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 11/1/2024) Per Unit (as of 11/1/2024)
2.75% $0.28290
^ 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 12.12%
Consumer Discretionary  Consumer Discretionary 7.91%
Consumer Staples  Consumer Staples 2.80%
Energy  Energy 4.57%
Financials  Financials 31.27%
Health Care  Health Care 2.59%
Industrials  Industrials 1.80%
Information Technology  Information Technology 15.65%
Materials  Materials 2.33%
Real Estate  Real Estate 2.90%
Utilities  Utilities 15.36%
Other  Other 0.70%
 
  Large Mid Small  
Growth  19.00% 3.50% 1.44%  
Value  16.60% 25.47% 33.29%  

 Style Weighting
Large-Cap Growth 19.00%
Large-Cap Value 16.60%
Mid-Cap Growth 3.50%
Mid-Cap Value 25.47%
Small-Cap Growth 1.44%
Small-Cap Value 33.29%
Undetermined 0.70%
 Composition
U.S. Stocks 76.89%   Other 0.70%
Non-U.S. Stocks 22.41%      
The style and sector characteristics of the portfolio are determined as of 11/01/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $218,876
Price/Earnings 11.84
Price/Book 1.32
As of 11/1/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Taiwan Semiconductor Manufacturing Company Ltd. (ADR) TSM Information Technology  Information Technology Large-Cap Growth 7.32%
 Alphabet Inc. (Class C) GOOG Communication Services  Communication Services Large-Cap Growth 6.39%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 2.67%
 Janus Henderson Group Plc JHG Financials  Financials Mid-Cap Value 2.49%
 First Horizon Corporation FHN Financials  Financials Mid-Cap Value 2.32%
 Black Hills Corporation BKH Utilities  Utilities Small-Cap Value 2.21%
 NorthWestern Energy Group, Inc. NWE Utilities  Utilities Small-Cap Value 2.21%
 Valley National Bancorp VLY Financials  Financials Small-Cap Value 2.01%
 Entergy Corporation ETR Utilities  Utilities Large-Cap Value 1.97%
 Avista Corporation AVA Utilities  Utilities Small-Cap Value 1.89%
 Cincinnati Financial Corporation CINF Financials  Financials Mid-Cap Value 1.70%
 Dominion Energy, Inc. D Utilities  Utilities Large-Cap Value 1.69%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 1.69%
 United Bankshares, Inc. UBSI Financials  Financials Small-Cap Value 1.68%
 AT&T Inc. T Communication Services  Communication Services Large-Cap Value 1.67%
 Old Republic International Corporation ORI Financials  Financials Mid-Cap Value 1.62%
 FMC Corporation FMC Materials  Materials Mid-Cap Value 1.58%
 Dell Technologies Inc. (Class C) DELL Information Technology  Information Technology Large-Cap Value 1.56%
 F.N.B. Corporation FNB Financials  Financials Small-Cap Value 1.53%
 UGI Corporation UGI Utilities  Utilities Small-Cap Value 1.49%
 Southwest Gas Holdings, Inc. SWX Utilities  Utilities Small-Cap Value 1.46%
 Conagra Brands, Inc. CAG Consumer Staples  Consumer Staples Mid-Cap Value 1.44%
 Kohl's Corporation KSS Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.40%
 Franklin Resources, Inc. BEN Financials  Financials Mid-Cap Value 1.33%
 Ford Motor Company F Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.11%
 General Motors Company GM Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.03%
 Vornado Realty Trust VNO Real Estate  Real Estate Mid-Cap Value 0.99%
 Columbia Banking System, Inc. COLB Financials  Financials Mid-Cap Value 0.91%
 Frontier Communications Parent, Inc. FYBR Communication Services  Communication Services Mid-Cap Value 0.89%
 CNX Resources Corporation CNX Energy  Energy Small-Cap Value 0.85%
 CNO Financial Group, Inc. CNO Financials  Financials Small-Cap Value 0.81%
 Graham Holdings Company GHC Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.80%
 Sabra Health Care REIT, Inc. SBRA Real Estate  Real Estate Small-Cap Growth 0.77%
 Zions Bancorporation ZION Financials  Financials Mid-Cap Value 0.76%
 Wintrust Financial Corporation WTFC Financials  Financials Mid-Cap Value 0.75%
 RenaissanceRe Holdings Ltd. RNR Financials  Financials Mid-Cap Value 0.75%
 Cadence Bank CADE Financials  Financials Mid-Cap Value 0.75%
 TEGNA Inc. TGNA Communication Services  Communication Services Small-Cap Value 0.74%
 Kite Realty Group Trust KRG Real Estate  Real Estate Mid-Cap Value 0.73%
 Old National Bancorp ONB Financials  Financials Mid-Cap Value 0.72%
 ONE Gas, Inc. OGS Utilities  Utilities Small-Cap Value 0.71%
 MGIC Investment Corporation MTG Financials  Financials Mid-Cap Value 0.69%
 Portland General Electric Company POR Utilities  Utilities Small-Cap Value 0.69%
 Bank OZK OZK Financials  Financials Small-Cap Value 0.69%
 Roivant Sciences Ltd. ROIV Health Care  Health Care Mid-Cap Value 0.69%
 Avnet, Inc. AVT Information Technology  Information Technology Small-Cap Value 0.67%
 Spire Inc. SR Utilities  Utilities Small-Cap Value 0.66%
 Neogen Corporation NEOG Health Care  Health Care Small-Cap Value 0.60%
 PVH Corp. PVH Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.58%
 Applovin Corp. (Class A) APP Information Technology  Information Technology Large-Cap Growth 0.55%
 NOV Inc. NOV Energy  Energy Mid-Cap Value 0.53%
 United Natural Foods, Inc. UNFI Consumer Staples  Consumer Staples Small-Cap Value 0.52%
 Adient Plc ADNT Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.52%
 Sprouts Farmers Market, Inc. SFM Consumer Staples  Consumer Staples Mid-Cap Growth 0.47%
 Hanmi Financial Corporation HAFC Financials  Financials Small-Cap Value 0.45%
 Telephone and Data Systems, Inc. TDS Communication Services  Communication Services Small-Cap Value 0.43%
 Natwest Group Plc NWG Financials  Financials Large-Cap Value 0.43%
 Jackson Financial Inc. (Class A) JXN Financials  Financials Mid-Cap Value 0.43%
 Telefonica, S.A. (ADR) TEF Communication Services  Communication Services Mid-Cap Value 0.41%
 Barclays Plc (ADR) BCS Financials  Financials Large-Cap Value 0.41%
 Sterling Infrastructure Inc. STRL Industrials  Industrials Small-Cap Growth 0.41%
 Acadia Realty Trust AKR Real Estate  Real Estate Small-Cap Value 0.41%
 HSBC Holdings Plc (ADR) HSBC Financials  Financials Large-Cap Value 0.40%
 ArcelorMittal (ADR) MT Materials  Materials Mid-Cap Value 0.40%
 Takeda Pharmaceutical Company Limited (ADR) TAK Health Care  Health Care Large-Cap Value 0.40%
 Concentrix Corporation CNXC Industrials  Industrials Small-Cap Value 0.40%
 Banco Santander S.A. (ADR) SAN Financials  Financials Large-Cap Value 0.39%
 Toll Brothers, Inc. TOL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.39%
 Orange (ADR) ORANY Communication Services  Communication Services Large-Cap Value 0.39%
 UBS Group AG UBS Financials  Financials Large-Cap Value 0.39%
 WaFd Inc. WAFD Financials  Financials Small-Cap Value 0.38%
 Suncor Energy Inc. SU Energy  Energy Large-Cap Value 0.38%
 Deutsche Bank AG DB Financials  Financials Large-Cap Value 0.38%
 Vistra Corp. VST Utilities  Utilities Large-Cap Growth 0.38%
 Trustmark Corporation TRMK Financials  Financials Small-Cap Value 0.37%
 Eni SpA (ADR) E Energy  Energy Large-Cap Value 0.37%
 First Commonwealth Financial Corporation FCF Financials  Financials Small-Cap Value 0.37%
 First Financial Bancorp. FFBC Financials  Financials Small-Cap Value 0.37%
 SpartanNash Company SPTN Consumer Staples  Consumer Staples Small-Cap Value 0.37%
 Banco Bilbao Vizcaya Argentaria, S.A. (ADR) BBVA Financials  Financials Large-Cap Value 0.37%
 Comfort Systems USA, Inc. FIX Industrials  Industrials Mid-Cap Growth 0.37%
 Honda Motor Co., Ltd. (ADR) HMC Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.36%
 S&T Bancorp, Inc. STBA Financials  Financials Small-Cap Value 0.36%
 PulteGroup, Inc. PHM Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.36%
 EZCORP, Inc. EZPW Financials  Financials Small-Cap Value 0.36%
 G-III Apparel Group, Ltd. GIII Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.36%
 ORIX Corporation (ADR) IX Financials  Financials Mid-Cap Value 0.36%
 Tenet Healthcare Corporation THC Health Care  Health Care Mid-Cap Growth 0.35%
 Redwood Trust, Inc. RWT Financials  Financials Small-Cap Value 0.35%
 Lloyds Banking Group Plc (ADR) LYG Financials  Financials Large-Cap Value 0.35%
 Vale S.A. (ADR) VALE Materials  Materials Large-Cap Value 0.35%
 Bread Financial Holdings Inc. BFH Financials  Financials Small-Cap Value 0.35%
 SiriusPoint Ltd. SPNT Financials  Financials Small-Cap Value 0.35%
 Lincoln National Corporation LNC Financials  Financials Mid-Cap Value 0.34%
 TotalEnergies SE (ADR) TTE Energy  Energy Large-Cap Value 0.34%
 Celestica Inc. CLS Information Technology  Information Technology Mid-Cap Growth 0.34%
 Assured Guaranty Ltd. AGO Financials  Financials Small-Cap Value 0.34%
 GoDaddy Inc. (Class A) GDDY Information Technology  Information Technology Mid-Cap Growth 0.34%
 Cable One, Inc. CABO Communication Services  Communication Services Small-Cap Value 0.34%
 Shell Plc (ADR) SHEL Energy  Energy Large-Cap Value 0.34%
 Petroleo Brasileiro S.A. - Petrobras (ADR) PBR Energy  Energy Large-Cap Value 0.33%
 Franklin BSP Realty Trust, Inc. FBRT Financials  Financials Small-Cap Value 0.33%
 Carlisle Companies Incorporated CSL Industrials  Industrials Mid-Cap Growth 0.32%
 Equinor ASA EQNR Energy  Energy Large-Cap Value 0.32%
 Millicom International Cellular S.A. TIGO Communication Services  Communication Services Small-Cap Value 0.31%
 BP Plc (ADR) BP Energy  Energy Large-Cap Value 0.30%
 AerCap Holdings N.V. AER Industrials  Industrials Mid-Cap Value 0.30%
 PennyMac Mortgage Investment Trust PMT Financials  Financials Small-Cap Value 0.30%
 Woodside Energy Group Limited (ADR) WDS Energy  Energy Large-Cap Value 0.30%
 Customers Bancorp, Inc. CUBI Financials  Financials Small-Cap Value 0.30%
 DaVita Inc. DVA Health Care  Health Care Mid-Cap Growth 0.29%
 Dick's Sporting Goods, Inc. DKS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.29%
 Two Harbors Investment Corp. TWO Financials  Financials Small-Cap Value 0.28%
 AMC Networks Inc. (Class A) AMCX Communication Services  Communication Services Small-Cap Value 0.28%
 Shenandoah Telecommunications Company SHEN Communication Services  Communication Services Small-Cap Value 0.27%
 Stellantis N.V. STLA Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.27%
 NetApp, Inc. NTAP Information Technology  Information Technology Mid-Cap Growth 0.26%
 Ecopetrol S.A. (ADR) EC Energy  Energy Mid-Cap Value 0.26%
 Organon & Co. OGN Health Care  Health Care Small-Cap Growth 0.26%
 Cirrus Logic, Inc. CRUS Information Technology  Information Technology Mid-Cap Growth 0.25%
 Ready Capital Corporation RC Financials  Financials Small-Cap Value 0.25%
 ProPetro Holding Corp. PUMP Energy  Energy Small-Cap Value 0.25%
 Crocs, Inc. CROX Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.22%
 Dana Inc. DAN Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.22%
 
Total Number of Holdings:    124
Underlying Securities information represented above is as of 11/01/2024 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 October 18, 2024
$0.04500 November 20, 2024
$0.04500 December 20, 2024

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.

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

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.

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.

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.

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.

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.

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
30336F686 (Cash)
30336F694 (Reinvest)
30336F702 (Cash-Fee)
30336F710 (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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