Target Diversified Global Allocation, 2nd Qtr 2019  Ticker: FVNDZX
 
Description
The Target Diversified Global Allocation Portfolio is a unit investment trust that seeks above-average total return and is designed to provide broad equity diversification by investing in common stocks across various market capitalizations, growth and value styles, sectors and countries. The trust 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: DG2Q19
Portfolio Status: Secondary
Initial Offer Date: 04/10/2019
Secondary Date: 07/10/2019
Portfolio Ending Date: 07/09/2020
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $8.4721
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 05/29/2020 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  Per Unit (as of 5/29/2020)
----- $0.26150
^ 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 of the securities included in the trust are for illustrative purposes only and are not indicative of the trust's distribution or distribution rate. Due to the negative economic impact across many industries caused by the recent COVID-19 outbreak, certain issuers of the securities included in the trust may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "Historical 12-Month Distribution Per Unit," which is based on the trailing twelve-month distributions paid by the securities included in a trust, will likely be higher, and in some cases significantly higher, than the actual distribution per unit achieved by the trust. 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 distributions 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 is calculated only using 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 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 9.16%
Consumer Discretionary  Consumer Discretionary 11.41%
Consumer Staples  Consumer Staples 9.03%
Energy  Energy 6.95%
Financials  Financials 9.15%
Health Care  Health Care 5.42%
Industrials  Industrials 10.70%
Information Technology  Information Technology 16.47%
Materials  Materials 7.53%
Real Estate  Real Estate 8.24%
Utilities  Utilities 5.55%
Other  Other 0.39%
 
  Large Mid Small  
Growth  20.68% 13.46% 4.43%  
Value  38.34% 12.64% 10.06%  

 Style Weighting
Large-Cap Growth 20.68%
Large-Cap Value 38.34%
Mid-Cap Growth 13.46%
Mid-Cap Value 12.64%
Small-Cap Growth 4.43%
Small-Cap Value 10.06%
Undetermined 0.39%
 Composition
U.S. Stocks 74.95%   Other 0.39%
Non-U.S. Stocks 24.66%      
The style and sector characteristics of the portfolio are determined as of 05/29/2020 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $54,743.68
Price/Earnings 16.34
Price/Book 1.84
As of 5/29/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Cohen & Steers, Inc. CNS Financials  Financials Mid-Cap Growth 1.49%
 National Grid Plc (ADR) NGG Utilities  Utilities Large-Cap Value 1.46%
 AT&T Inc. T Communication Services  Communication Services Large-Cap Value 1.44%
 British American Tobacco Plc (ADR) BTI Consumer Staples  Consumer Staples Large-Cap Value 1.37%
 Rio Tinto Plc (ADR) RIO Materials  Materials Large-Cap Value 1.20%
 Mobile TeleSystems PJSC (ADR) MBT Communication Services  Communication Services Mid-Cap Growth 1.01%
 Seagate Technology Plc STX Information Technology  Information Technology Mid-Cap Growth 1.00%
 Artisan Partners Asset Management Inc. APAM Financials  Financials Small-Cap Growth 1.00%
 PACCAR Inc PCAR Industrials  Industrials Large-Cap Value 0.99%
 The Western Union Company WU Information Technology  Information Technology Mid-Cap Growth 0.95%
 Dollar General Corporation DG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.91%
 Verizon Communications Inc. VZ Communication Services  Communication Services Large-Cap Value 0.90%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.87%
 Regeneron Pharmaceuticals, Inc. REGN Health Care  Health Care Large-Cap Value 0.87%
 PayPal Holdings, Inc. PYPL Information Technology  Information Technology Large-Cap Growth 0.84%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 0.83%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 0.82%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 0.82%
 PPL Corporation PPL Utilities  Utilities Large-Cap Value 0.81%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 0.81%
 NextEra Energy, Inc. NEE Utilities  Utilities Large-Cap Value 0.78%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 0.76%
 Facebook, Inc. (Class A) FB Communication Services  Communication Services Large-Cap Growth 0.75%
 Bristol-Myers Squibb Company BMY Health Care  Health Care Large-Cap Value 0.74%
 Schweitzer-Mauduit International, Inc. SWM Materials  Materials Small-Cap Value 0.74%
 ASML Holding N.V. ASML Information Technology  Information Technology Large-Cap Growth 0.74%
 SK Telecom Co., Ltd. (ADR) SKM Communication Services  Communication Services Mid-Cap Value 0.74%
 Costco Wholesale Corporation COST Consumer Staples  Consumer Staples Large-Cap Growth 0.72%
 Fastenal Company FAST Industrials  Industrials Large-Cap Growth 0.72%
 Prologis, Inc. PLD Real Estate  Real Estate Large-Cap Value 0.72%
 Air Products and Chemicals, Inc. APD Materials  Materials Large-Cap Value 0.72%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Value 0.71%
 Eni SpA (ADR) E Energy  Energy Large-Cap Value 0.71%
 Atlas Corp. ATCO Industrials  Industrials Small-Cap Value 0.71%
 Cintas Corporation CTAS Industrials  Industrials Large-Cap Growth 0.69%
 The Estee Lauder Companies Inc. EL Consumer Staples  Consumer Staples Large-Cap Growth 0.69%
 Northrop Grumman Corporation NOC Industrials  Industrials Large-Cap Growth 0.69%
 Xcel Energy Inc. XEL Utilities  Utilities Large-Cap Value 0.68%
 Eversource Energy ES Utilities  Utilities Large-Cap Value 0.68%
 Hormel Foods Corporation HRL Consumer Staples  Consumer Staples Large-Cap Value 0.67%
 The Hershey Company HSY Consumer Staples  Consumer Staples Large-Cap Growth 0.67%
 International Paper Company IP Materials  Materials Mid-Cap Value 0.67%
 T. Rowe Price Group, Inc. TROW Financials  Financials Large-Cap Value 0.67%
 Medical Properties Trust, Inc. MPW Real Estate  Real Estate Mid-Cap Value 0.67%
 Intel Corporation INTC Information Technology  Information Technology Large-Cap Value 0.66%
 Waddell & Reed Financial, Inc. WDR Financials  Financials Small-Cap Value 0.66%
 Micron Technology, Inc. MU Information Technology  Information Technology Large-Cap Value 0.65%
 China Mobile Limited (ADR) CHL Communication Services  Communication Services Large-Cap Value 0.65%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 0.63%
 PepsiCo, Inc. PEP Consumer Staples  Consumer Staples Large-Cap Growth 0.63%
 H&R Block, Inc. HRB Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.63%
 Telefonica Brasil S.A. (ADR) VIV Communication Services  Communication Services Mid-Cap Value 0.63%
 The Progressive Corporation PGR Financials  Financials Large-Cap Value 0.62%
 AU Optronics Corp. (ADR) AUOTY Information Technology  Information Technology Small-Cap Value 0.62%
 Kronos Worldwide, Inc. KRO Materials  Materials Small-Cap Value 0.62%
 AutoZone, Inc. AZO Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.61%
 Waste Management, Inc. WM Industrials  Industrials Large-Cap Growth 0.60%
 The Allstate Corporation ALL Financials  Financials Large-Cap Value 0.60%
 Texas Instruments Incorporated TXN Information Technology  Information Technology Large-Cap Growth 0.60%
 Best Buy Co., Inc. BBY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.60%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Value 0.60%
 NTT DOCOMO, Inc. (ADR) DCMYY Communication Services  Communication Services Large-Cap Value 0.60%
 The Walt Disney Company DIS Communication Services  Communication Services Large-Cap Value 0.59%
 Novo Nordisk A/S (ADR) NVO Health Care  Health Care Large-Cap Growth 0.59%
 Equinor ASA EQNR Energy  Energy Large-Cap Value 0.59%
 Stryker Corporation SYK Health Care  Health Care Large-Cap Growth 0.58%
 Ross Stores, Inc. ROST Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.57%
 Motorola Solutions, Inc. MSI Information Technology  Information Technology Large-Cap Growth 0.56%
 The TJX Companies, Inc. TJX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.56%
 L Brands, Inc. LB Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.55%
 Public Storage PSA Real Estate  Real Estate Large-Cap Growth 0.55%
 CNOOC Limited (ADR) CEO Energy  Energy Large-Cap Value 0.55%
 China Petroleum & Chemical Corporation (Sinopec) (ADR) SNP Energy  Energy Large-Cap Value 0.54%
 Constellation Brands, Inc. (Class A) STZ Consumer Staples  Consumer Staples Large-Cap Value 0.53%
 Accenture Plc ACN Information Technology  Information Technology Large-Cap Growth 0.53%
 Consolidated Edison, Inc. ED Utilities  Utilities Large-Cap Value 0.52%
 Dassault Systemes S.E. (ADR) DASTY Information Technology  Information Technology Large-Cap Growth 0.52%
 LVMH Moet Hennessy Louis Vuitton SE (ADR) LVMUY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.52%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY Communication Services  Communication Services Large-Cap Value 0.51%
 Ternium S.A. (ADR) TX Materials  Materials Mid-Cap Value 0.51%
 Twitter, Inc. TWTR Communication Services  Communication Services Large-Cap Value 0.51%
 Linde Plc LIN Materials  Materials Large-Cap Value 0.51%
 Tyson Foods, Inc. (Class A) TSN Consumer Staples  Consumer Staples Large-Cap Value 0.50%
 L'Oreal S.A. (ADR) LRLCY Consumer Staples  Consumer Staples Large-Cap Value 0.50%
 Lexington Realty Trust LXP Real Estate  Real Estate Small-Cap Value 0.49%
 Sysco Corporation SYY Consumer Staples  Consumer Staples Large-Cap Growth 0.48%
 Toyota Motor Corporation (ADR) TM Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.48%
 Northern Trust Corporation NTRS Financials  Financials Large-Cap Value 0.48%
 Raytheon Technologies Corporation RTX Industrials  Industrials Large-Cap Value 0.47%
 Covanta Holding Corporation CVA Industrials  Industrials Small-Cap Growth 0.47%
 HCA Healthcare, Inc. HCA Health Care  Health Care Large-Cap Growth 0.47%
 Hitachi, Ltd. (ADR) HTHIY Information Technology  Information Technology Large-Cap Value 0.46%
 Phillips 66 PSX Energy  Energy Large-Cap Value 0.46%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 0.45%
 Sinopec Shanghai Petrochemical Company Limited (ADR) SHI Materials  Materials Mid-Cap Value 0.45%
 MarketAxess Holdings Inc. MKTX Financials  Financials Large-Cap Growth 0.45%
 Compania Cervecerias Unidas S.A. (ADR) CCU Consumer Staples  Consumer Staples Small-Cap Value 0.45%
 NXP Semiconductors N.V. NXPI Information Technology  Information Technology Large-Cap Value 0.45%
 Walgreens Boots Alliance, Inc. WBA Consumer Staples  Consumer Staples Large-Cap Value 0.45%
 CVR Energy, Inc. CVI Energy  Energy Small-Cap Value 0.44%
 Honda Motor Co., Ltd. (ADR) HMC Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.43%
 Brixmor Property Group Inc. BRX Real Estate  Real Estate Mid-Cap Value 0.43%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 0.42%
 NIDEC Corporation (ADR) NJDCY Industrials  Industrials Large-Cap Value 0.42%
 Cognizant Technology Solutions Corporation CTSH Information Technology  Information Technology Large-Cap Value 0.41%
 Nucor Corporation NUE Materials  Materials Mid-Cap Value 0.40%
 Sabra Health Care REIT, Inc. SBRA Real Estate  Real Estate Small-Cap Value 0.40%
 Zynga Inc. ZNGA Communication Services  Communication Services Mid-Cap Growth 0.39%
 Ulta Beauty, Inc. ULTA Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.39%
 LTC Properties, Inc. LTC Real Estate  Real Estate Small-Cap Growth 0.38%
 Royal Bank of Canada RY Financials  Financials Large-Cap Value 0.38%
 Lamar Advertising Company LAMR Real Estate  Real Estate Mid-Cap Growth 0.38%
 Braskem S.A. (ADR) BAK Materials  Materials Mid-Cap Growth 0.38%
 Healthpeak Properties Inc. PEAK Real Estate  Real Estate Mid-Cap Value 0.37%
 Piedmont Office Realty Trust, Inc. PDM Real Estate  Real Estate Small-Cap Value 0.37%
 Southwest Airlines Co. LUV Industrials  Industrials Large-Cap Value 0.36%
 Entegris, Inc. ENTG Information Technology  Information Technology Mid-Cap Growth 0.36%
 Engie S.A. (ADR) ENGIY Utilities  Utilities Large-Cap Value 0.36%
 Allianz SE (ADR) ALIZY Financials  Financials Large-Cap Value 0.36%
 The Toronto-Dominion Bank TD Financials  Financials Large-Cap Value 0.35%
 Bio-Rad Laboratories, Inc. (Class A) BIO Health Care  Health Care Mid-Cap Value 0.35%
 Anglo American Plc (ADR) NGLOY Materials  Materials Large-Cap Value 0.34%
 AXA S.A. (ADR) AXAHY Financials  Financials Large-Cap Value 0.32%
 Canon Inc. (ADR) CAJ Information Technology  Information Technology Large-Cap Value 0.32%
 Skyworks Solutions, Inc. SWKS Information Technology  Information Technology Large-Cap Value 0.31%
 Total S.A. (ADR) TOT Energy  Energy Large-Cap Value 0.30%
 Burlington Stores, Inc. BURL Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.30%
 Tech Data Corporation TECD Information Technology  Information Technology Mid-Cap Value 0.29%
 D.R. Horton, Inc. DHI Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.29%
 Host Hotels & Resorts, Inc. HST Real Estate  Real Estate Mid-Cap Value 0.29%
 Arbor Realty Trust, Inc. ABR Financials  Financials Small-Cap Value 0.29%
 Deckers Outdoor Corporation DECK Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.29%
 Knight-Swift Transportation Holdings Inc. KNX Industrials  Industrials Mid-Cap Value 0.29%
 Lumentum Holdings Inc. LITE Information Technology  Information Technology Mid-Cap Value 0.29%
 Kimco Realty Corporation KIM Real Estate  Real Estate Mid-Cap Value 0.28%
 NVR, Inc. NVR Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.28%
 Brandywine Realty Trust BDN Real Estate  Real Estate Small-Cap Value 0.28%
 Occidental Petroleum Corporation OXY Energy  Energy Mid-Cap Value 0.28%
 Weingarten Realty Investors WRI Real Estate  Real Estate Small-Cap Value 0.28%
 Concho Resources Inc. CXO Energy  Energy Mid-Cap Value 0.28%
 The New York Times Company (Class A) NYT Communication Services  Communication Services Mid-Cap Growth 0.27%
 CoreCivic, Inc. CXW Real Estate  Real Estate Small-Cap Value 0.27%
 Lennar Corporation LEN Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.27%
 Watsco, Inc. WSO Industrials  Industrials Mid-Cap Growth 0.27%
 Morningstar, Inc. MORN Financials  Financials Mid-Cap Growth 0.27%
 Sunstone Hotel Investors, Inc. SHO Real Estate  Real Estate Small-Cap Value 0.27%
 Continental AG (ADR) CTTAY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.27%
 OUTFRONT Media Inc. OUT Real Estate  Real Estate Small-Cap Growth 0.27%
 MKS Instruments, Inc. MKSI Information Technology  Information Technology Mid-Cap Value 0.25%
 Reliance Steel & Aluminum Co. RS Materials  Materials Mid-Cap Value 0.25%
 CDW Corporation CDW Information Technology  Information Technology Mid-Cap Growth 0.25%
 Equity Commonwealth EQC Real Estate  Real Estate Mid-Cap Value 0.24%
 BP Plc (ADR) BP Energy  Energy Large-Cap Value 0.24%
 Landstar System, Inc. LSTR Industrials  Industrials Mid-Cap Growth 0.24%
 Erie Indemnity Company ERIE Financials  Financials Mid-Cap Growth 0.24%
 Owens Corning OC Industrials  Industrials Mid-Cap Value 0.24%
 United Therapeutics Corporation UTHR Health Care  Health Care Mid-Cap Value 0.24%
 SYNNEX Corporation SNX Information Technology  Information Technology Mid-Cap Value 0.24%
 Lancaster Colony Corporation LANC Consumer Staples  Consumer Staples Mid-Cap Growth 0.23%
 Macy's, Inc. M Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.23%
 Expeditors International of Washington, Inc. EXPD Industrials  Industrials Mid-Cap Growth 0.23%
 MAXIMUS, Inc. MMS Information Technology  Information Technology Mid-Cap Growth 0.23%
 The Toro Company TTC Industrials  Industrials Mid-Cap Growth 0.23%
 Rollins, Inc. ROL Industrials  Industrials Mid-Cap Growth 0.23%
 Exelixis, Inc. EXEL Health Care  Health Care Mid-Cap Growth 0.23%
 Royal Dutch Shell Plc (ADR) RDS/A Energy  Energy Large-Cap Value 0.23%
 Xenia Hotels & Resorts, Inc. XHR Real Estate  Real Estate Small-Cap Value 0.23%
 First American Financial Corporation FAF Financials  Financials Mid-Cap Value 0.22%
 Quanta Services, Inc. PWR Industrials  Industrials Mid-Cap Value 0.21%
 Nissan Motor Co., Ltd. (ADR) NSANY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.21%
 Skechers U.S.A., Inc. SKX Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.21%
 Cirrus Logic, Inc. CRUS Information Technology  Information Technology Mid-Cap Growth 0.20%
 CBRE Group, Inc. CBRE Real Estate  Real Estate Mid-Cap Value 0.20%
 PS Business Parks, Inc. PSB Real Estate  Real Estate Mid-Cap Growth 0.20%
 Sonoco Products Company SON Materials  Materials Mid-Cap Value 0.19%
 ManpowerGroup Inc. MAN Industrials  Industrials Mid-Cap Value 0.19%
 Arrow Electronics, Inc. ARW Information Technology  Information Technology Mid-Cap Value 0.19%
 Ryman Hospitality Properties, Inc. RHP Real Estate  Real Estate Small-Cap Growth 0.19%
 F5 Networks, Inc. FFIV Information Technology  Information Technology Mid-Cap Growth 0.19%
 MSC Industrial Direct Co., Inc. (Class A) MSM Industrials  Industrials Mid-Cap Value 0.19%
 EMCOR Group, Inc. EME Industrials  Industrials Mid-Cap Value 0.19%
 Varian Medical Systems, Inc. VAR Health Care  Health Care Mid-Cap Growth 0.19%
 EPR Properties EPR Real Estate  Real Estate Small-Cap Value 0.19%
 Texas Roadhouse, Inc. TXRH Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.19%
 Fidelity National Financial, Inc. FNF Financials  Financials Mid-Cap Value 0.19%
 TopBuild Corp. BLD Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.19%
 Eagle Materials Inc. EXP Materials  Materials Small-Cap Growth 0.18%
 FTI Consulting, Inc. FCN Industrials  Industrials Mid-Cap Value 0.18%
 Omnicom Group Inc. OMC Communication Services  Communication Services Mid-Cap Growth 0.17%
 Steel Dynamics, Inc. STLD Materials  Materials Mid-Cap Value 0.17%
 Cabot Oil & Gas Corporation COG Energy  Energy Mid-Cap Growth 0.17%
 Meritage Homes Corporation MTH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.17%
 ManTech International Corporation MANT Information Technology  Information Technology Mid-Cap Value 0.17%
 Bank OZK OZK Financials  Financials Small-Cap Value 0.17%
 UFP Industries Inc. UFPI Industrials  Industrials Small-Cap Growth 0.16%
 Power Integrations, Inc. POWI Information Technology  Information Technology Mid-Cap Growth 0.16%
 Columbia Sportswear Company COLM Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.16%
 ALLETE, Inc. ALE Utilities  Utilities Small-Cap Value 0.16%
 Lear Corporation LEA Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.16%
 Tandem Diabetes Care, Inc. TNDM Health Care  Health Care Mid-Cap Growth 0.16%
 Performance Food Group Company PFGC Consumer Staples  Consumer Staples Mid-Cap Value 0.16%
 Werner Enterprises, Inc. WERN Industrials  Industrials Mid-Cap Value 0.15%
 Darden Restaurants, Inc. DRI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.15%
 Aerojet Rocketdyne Holdings, Inc. AJRD Industrials  Industrials Mid-Cap Growth 0.15%
 Exponent, Inc. EXPO Industrials  Industrials Mid-Cap Growth 0.15%
 Micro Focus International Plc (ADR) MFGP Information Technology  Information Technology Small-Cap Value 0.15%
 Advanced Energy Industries, Inc. AEIS Information Technology  Information Technology Small-Cap Growth 0.14%
 II-VI Incorporated IIVI Information Technology  Information Technology Mid-Cap Value 0.14%
 WD-40 Company WDFC Consumer Staples  Consumer Staples Small-Cap Growth 0.14%
 Sprouts Farmers Market, Inc. SFM Consumer Staples  Consumer Staples Small-Cap Growth 0.14%
 Park Hotels & Resorts Inc. PK Real Estate  Real Estate Small-Cap Value 0.14%
 UniFirst Corporation UNF Industrials  Industrials Mid-Cap Value 0.13%
 Hub Group, Inc. HUBG Industrials  Industrials Small-Cap Value 0.13%
 Brady Corporation BRC Industrials  Industrials Small-Cap Growth 0.12%
 TRI Pointe Group, Inc. TPH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.12%
 Louisiana-Pacific Corporation LPX Materials  Materials Small-Cap Growth 0.11%
 CNX Resources Corporation CNX Energy  Energy Small-Cap Value 0.11%
 Franklin Electric Co., Inc. FELE Industrials  Industrials Small-Cap Growth 0.11%
 Rush Enterprises, Inc. (Class A) RUSHA Industrials  Industrials Small-Cap Value 0.11%
 Parsley Energy, Inc. (Class A) PE Energy  Energy Mid-Cap Value 0.11%
 Sanmina Corporation SANM Information Technology  Information Technology Small-Cap Value 0.10%
 Insight Enterprises, Inc. NSIT Information Technology  Information Technology Small-Cap Value 0.10%
 American Eagle Outfitters, Inc. AEO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.10%
 Dick's Sporting Goods, Inc. DKS Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.10%
 AMN Healthcare Services, Inc. AMN Health Care  Health Care Small-Cap Growth 0.10%
 NorthWestern Corporation NWE Utilities  Utilities Small-Cap Value 0.10%
 The Ensign Group, Inc. ENSG Health Care  Health Care Small-Cap Growth 0.10%
 Knowles Corporation KN Information Technology  Information Technology Small-Cap Value 0.10%
 Worthington Industries, Inc. WOR Materials  Materials Small-Cap Growth 0.09%
 Vishay Intertechnology, Inc. VSH Information Technology  Information Technology Small-Cap Value 0.09%
 World Fuel Services Corporation INT Energy  Energy Small-Cap Value 0.09%
 Dorman Products, Inc. DORM Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.09%
 Walker & Dunlop, Inc. WD Financials  Financials Small-Cap Value 0.09%
 Cracker Barrel Old Country Store, Inc. CBRL Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.08%
 PVH Corp. PVH Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.08%
 Federated Hermes, Inc. (Class B) FHI Financials  Financials Small-Cap Growth 0.08%
 Steven Madden, Ltd. SHOO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.08%
 Healthcare Services Group, Inc. HCSG Industrials  Industrials Small-Cap Growth 0.08%
 Sally Beauty Holdings, Inc. SBH Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.08%
 CenterState Bank Corporation CSFL Financials  Financials Small-Cap Value 0.08%
 Aaron's, Inc. AAN Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.08%
 Spirit Realty Capital, Inc. SRC Real Estate  Real Estate Mid-Cap Value 0.08%
 Southwestern Energy Company SWN Energy  Energy Small-Cap Value 0.07%
 PDC Energy, Inc. PDCE Energy  Energy Small-Cap Value 0.07%
 Inter Parfums, Inc. IPAR Consumer Staples  Consumer Staples Small-Cap Growth 0.07%
 Evercore Inc. EVR Financials  Financials Small-Cap Growth 0.07%
 Green Dot Corporation (Class A) GDOT Financials  Financials Small-Cap Growth 0.07%
 Apple Hospitality REIT, Inc. APLE Real Estate  Real Estate Small-Cap Value 0.07%
 Urban Outfitters, Inc. URBN Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.06%
 Exact Sciences Corporation EXAS Health Care  Health Care Mid-Cap Growth 0.06%
 Dillard's, Inc. (Class A) DDS Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.05%
 The Pennant Group, Inc. PNTG Health Care  Health Care Small-Cap Growth 0.03%
 Callon Petroleum Company CPE Energy  Energy Small-Cap Value 0.01%
 
Total Number of Holdings:    253
Underlying Securities information represented above is as of 05/29/2020 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.

COVID-19 Economic Impact Risk. The recent outbreak of a respiratory disease designated as COVID-19 was first detected in China in December 2019. The global economic impact of the COVID-19 outbreak is impossible to predict but is expected to disrupt manufacturing, supply chains and sales in affected areas and negatively impact global economic growth prospects. The COVID-19 outbreak has also caused significant volatility and declines in global financial markets, which have caused losses for investors. The impact of the COVID-19 outbreak may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.

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

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.