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Target Growth Portfolio, 3rd Quarter 2024 Series

The Strategy

This unit investment trust invests in a fixed portfolio of stocks for approximately 15 months. The stocks are selected by applying a disciplined investment strategy which adheres to pre-determined screens and factors.

The strategy is based on these steps:

  • Begin with all stocks traded on a U.S. exchange and screen for the following:

    • Minimum market capitalization of $6 billion.

    • Minimum three month average daily trading volume of $5 million.

    • Minimum stock price of $5.

  • Eliminate REITs, ADRs, regulated investment companies and limited partnerships.

  • Select only those stocks with positive one year sales growth.

  • Rank the remaining stocks on three equally weighted factors:

    • Sustainable growth rate.

    • Change in return on assets.

    • Recent 6-month price appreciation.

  • Purchase an approximately equally weighted portfolio of the 30 stocks with the highest combined ranking on the three factors, subject to a maximum of six stocks from any one of the major GICS® market sectors. The financials and real estate sectors are combined for the sector limit purpose.

It is important to note that the past performance of the strategy is hypothetical and it is not indicative of the future performance of the Target Growth Portfolio. 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.

Portfolio Objective

This unit investment trust seeks above-average total return; however, there is no assurance the objective will be met.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value

Mountain Chart

Standard Deviations* Average Annual Total Returns*
S&P 500
Strategy S&P 500
Since 1995 15.32% 19.06% 10.45% 10.45%
25 years 15.37% 19.04% 7.55% 7.17%
20 years 14.88% 19.15% 9.68% 6.32%
15 years 15.36% 18.21% 13.95% 9.23%
10 years 15.18% 18.68% 12.01% 7.93%
5 years 18.51% 22.55% 15.66% 11.43%
3 years 17.53% 24.16% 9.97% 1.69%
*Through 12/29/23

Annual Total Returns
Year S&P 500


1995 37.50% 30.86%
1996 22.89% 24.90%
1997 33.31% 41.04%
1998 28.55% 37.08%
1999 21.03% 33.71%
2000 -9.10% 8.32%
2001 -11.88% -4.26%
2002 -22.09% -10.84%
2003 28.65% 33.93%
2004 10.87% 16.66%
2005 4.90% 17.04%
2006 15.76% 16.77%
2007 5.56% 19.88%
2008 -36.99% -52.55%
2009 26.46% 18.13%
2010 15.08% 17.08%
2011 2.08% -12.57%
2012 15.98% 5.73%
2013 32.36% 37.07%
2014 13.66% 6.24%
2015 1.38% 8.18%
2016 11.93% -1.93%
2017 21.80% 35.22%
2018 -4.39% -18.07%
2019 31.45% 33.21%
2020 18.39% 22.66%
2021 28.67% 9.84%
2022 -18.12% -21.17%
2023 13.04% 21.44%
6/28/24 15.28% 26.01%

Past performance is no guarantee of future results and the actual current performance of the portfolio may be lower or higher than the hypothetical performance of the strategy. Hypothetical returns for the strategy in certain years were significantly higher than the returns of the S&P 500 Index. Hypothetical strategy returns were the result of certain market factors and events which may not be replicated in the future. You can obtain performance information which is current through the most recent month-end by calling First Trust Portfolios L.P. at 1-800-621-1675 option 2. Investment return and principal value of the portfolio will fluctuate causing units of the portfolio, when redeemed, to be worth more or less than their original cost.

Simulated strategy returns are hypothetical, meaning that they do not represent actual trading, and, thus, may not reflect material economic and market factors, such as liquidity constraints, that may have had an impact on actual decision making. The hypothetical performance is the retroactive application of the strategy designed with the full benefit of hindsight. Strategy returns reflect a sales charge of 1.85% and estimated annual operating expenses of 0.195%, plus organization costs, but not taxes or commissions paid by the portfolio to purchase securities. Strategy returns assume that dividends are reinvested semiannually while index returns assume dividends are reinvested monthly. Actual portfolio performance will vary from that of investing in the strategy stocks because it may not be invested equally in these stocks and may not be fully invested at all times. It is important to note that the strategy may underperform the S&P 500 Index in certain years and may produce negative results.

The S&P 500 Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance. The index cannot be purchased directly by investors.

Standard Deviation is a measure of price variability (risk). A higher degree of variability indicates more volatility and therefore greater risk.

You should consider the portfolio's investment objectives, risks, and charges and expenses carefully 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 portfolio. Read it carefully before you invest.

Risk Considerations

An investment in this unmanaged unit investment trust should be made with an understanding of the risks involved with owning common stocks, 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.

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.

An investment in a portfolio containing mid-cap companies is subject to additional risks, as the share prices of 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.

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

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.

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.

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.

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.

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.


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
30336F728 (Cash)
30336F736 (Reinvest)
30336F744 (Cash-Fee)
30336F751 (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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