Cloud Computing, 24  Ticker: FDRAPX
 
Description
A unit investment trust that seeks above average capital appreciation by investing in a portfolio of companies that we believe will benefit as cloud computing becomes universal.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: CLCO24
Portfolio Status: Secondary
Initial Offer Date: 02/25/2019
Secondary Date: 05/24/2019
Portfolio Ending Date: 02/25/2021
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $10.1385
POP(*): $10.3719
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 09/18/2019 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 9/18/2019) Per Unit (as of 9/16/2019)
0.50% $0.05140
^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 11.86%
Consumer Discretionary  Consumer Discretionary 4.24%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 0.00%
Financials  Financials 0.00%
Health Care  Health Care 4.70%
Industrials  Industrials 0.00%
Information Technology  Information Technology 74.16%
Materials  Materials 0.00%
Real Estate  Real Estate 4.90%
Utilities  Utilities 0.00%
Other  Other 0.14%
 
  Large Mid Small  
Growth  69.16% 22.27% 0.00%  
Value  4.31% 4.12% 0.00%  

 Style Weighting
Large-Cap Growth 69.16%
Large-Cap Value 4.31%
Mid-Cap Growth 22.27%
Mid-Cap Value 4.12%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.14%
 Composition
U.S. Stocks 91.49%   Other 0.14%
Non-U.S. Stocks 8.37%      
The style and sector characteristics of the portfolio are determined as of 09/18/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $252,075.65
Weighted Average Price/Earnings 28.21
Weighted Average Price/Book 7.03
As of 9/18/2019
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Akamai Technologies, Inc. AKAM Information Technology  Information Technology Mid-Cap Growth 4.98%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 4.93%
 Equinix, Inc. EQIX Real Estate  Real Estate Large-Cap Growth 4.90%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 4.76%
 Veeva Systems Inc. (Class A) VEEV Health Care  Health Care Large-Cap Growth 4.70%
 Facebook, Inc. (Class A) FB Communication Services  Communication Services Large-Cap Growth 4.49%
 ServiceNow, Inc. NOW Information Technology  Information Technology Large-Cap Growth 4.34%
 Alphabet Inc. (Class C) GOOG Communication Services  Communication Services Large-Cap Value 4.31%
 SAP SE (ADR) SAP Information Technology  Information Technology Large-Cap Growth 4.25%
 Amazon.com, Inc. AMZN Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.24%
 Open Text Corporation OTEX Information Technology  Information Technology Mid-Cap Value 4.12%
 Adobe Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 4.08%
 j2 Global, Inc. JCOM Information Technology  Information Technology Mid-Cap Growth 4.04%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 3.90%
 Oracle Corporation ORCL Information Technology  Information Technology Large-Cap Growth 3.83%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Growth 3.77%
 Twilio Inc. (Class A) TWLO Information Technology  Information Technology Mid-Cap Growth 3.67%
 salesforce.com, inc. CRM Information Technology  Information Technology Large-Cap Growth 3.65%
 Workday, Inc. (Class A) WDAY Information Technology  Information Technology Large-Cap Growth 3.48%
 Arista Networks, Inc. ANET Information Technology  Information Technology Large-Cap Growth 3.45%
 Splunk Inc. SPLK Information Technology  Information Technology Mid-Cap Growth 3.34%
 VMware, Inc. VMW Information Technology  Information Technology Large-Cap Growth 3.33%
 NetApp, Inc. NTAP Information Technology  Information Technology Mid-Cap Growth 3.17%
 F5 Networks, Inc. FFIV Information Technology  Information Technology Mid-Cap Growth 3.07%
 Netflix, Inc. NFLX Communication Services  Communication Services Large-Cap Growth 3.06%
 
Total Number of Holdings:    25
Underlying Securities information represented above is as of 09/18/2019 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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

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.

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.

Technology Risk. The companies engaged in the information technology sector are subject to fierce competition, high research and development costs, and their products and services may be subject to rapid obsolescence. Technology company stocks, especially those which are Internet-related, may experience extreme price and volume fluctuations that are often unrelated to their operating performance.

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 cyber security.

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.