Target Growth, 2nd Qtr 2019  Ticker: FPDYMX
This unit investment trust 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 screens and factors.
Please note that there is no assurance the objective will be met.
Product Code: TG2Q19
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: Semi-Annual
Initial Offer Price: $10.0000
NAV(*): $10.8673
POP(*): $11.0161
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 02/21/2020 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 2/21/2020) Per Unit (as of 2/21/2020)
0.80% $0.08770
^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 3.76%
Consumer Discretionary  Consumer Discretionary 18.77%
Consumer Staples  Consumer Staples 3.81%
Energy  Energy 0.00%
Financials  Financials 4.12%
Health Care  Health Care 16.68%
Industrials  Industrials 17.25%
Information Technology  Information Technology 23.60%
Materials  Materials 8.49%
Real Estate  Real Estate 0.00%
Utilities  Utilities 3.48%
Other  Other 0.04%
  Large Mid Small  
Growth  43.38% 55.05% 1.53%  
Value  0.00% 0.00% 0.00%  

 Style Weighting
Large-Cap Growth 43.38%
Large-Cap Value 0.00%
Mid-Cap Growth 55.05%
Mid-Cap Value 0.00%
Small-Cap Growth 1.53%
Small-Cap Value 0.00%
Undetermined 0.04%
U.S. Stocks 86.38%   Other 0.04%
Non-U.S. Stocks 13.58%      
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 $33,493.10
Price/Earnings 24.14
Price/Book 8.83
As of 2/20/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 Advanced Micro Devices, Inc. AMD Information Technology  Information Technology Large-Cap Growth 5.63%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 4.95%
 Copart, Inc. CPRT Industrials  Industrials Large-Cap Growth 4.46%
 NVR, Inc. NVR Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 4.18%
 S&P Global Inc. SPGI Financials  Financials Large-Cap Growth 4.12%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 3.86%
 The Estee Lauder Companies Inc. EL Consumer Staples  Consumer Staples Large-Cap Growth 3.81%
 Yandex N.V. (Class A) YNDX Communication Services  Communication Services Mid-Cap Growth 3.76%
 Illinois Tool Works Inc. ITW Industrials  Industrials Large-Cap Growth 3.75%
 Avery Dennison Corporation AVY Materials  Materials Mid-Cap Growth 3.56%
 NIKE, Inc. (Class B) NKE Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.55%
 Stryker Corporation SYK Health Care  Health Care Large-Cap Growth 3.50%
 The Toro Company TTC Industrials  Industrials Mid-Cap Growth 3.49%
 The AES Corporation AES Utilities  Utilities Mid-Cap Growth 3.48%
 Kirkland Lake Gold Ltd. KL Materials  Materials Mid-Cap Growth 3.40%
 Seagate Technology Plc STX Information Technology  Information Technology Mid-Cap Growth 3.29%
 Graco Inc. GGG Industrials  Industrials Mid-Cap Growth 3.23%
 Zebra Technologies Corporation ZBRA Information Technology  Information Technology Mid-Cap Growth 3.23%
 Mettler-Toledo International Inc. MTD Health Care  Health Care Mid-Cap Growth 3.17%
 Yum China Holdings Inc. YUMC Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.13%
 eBay Inc. EBAY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.04%
 Align Technology, Inc. ALGN Health Care  Health Care Large-Cap Growth 2.71%
 Ubiquiti Inc. UI Information Technology  Information Technology Mid-Cap Growth 2.64%
 Exelixis, Inc. EXEL Health Care  Health Care Mid-Cap Growth 2.60%
 Waters Corporation WAT Health Care  Health Care Mid-Cap Growth 2.59%
 Ulta Beauty, Inc. ULTA Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.49%
 Hanesbrands Inc. HBI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.38%
 Spirit AeroSystems Holdings, Inc. SPR Industrials  Industrials Mid-Cap Growth 2.32%
 Ionis Pharmaceuticals, Inc. IONS Health Care  Health Care Mid-Cap Growth 2.11%
 The Chemours Company CC Materials  Materials Small-Cap Growth 1.53%
Total Number of Holdings:    30
Underlying Securities information represented above is as of 02/21/2020 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.

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.

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.