Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 

Global Target 15, 2nd Qtr 2019  Ticker: FLNJVX
 
Description
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.
 
Summary
Product Code: GV2Q19
Portfolio Status: Secondary
Initial Offer Date: 04/10/2019
Secondary Date: 07/10/2019
Portfolio Ending Date: 07/09/2020
Tax Structure: Grantor
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $8.6874
POP(*): $8.8062
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 08/19/2019 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 8/19/2019) Per Unit (as of 8/19/2019)
4.39% $0.38670
^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 25.51%
Consumer Discretionary  Consumer Discretionary 0.00%
Consumer Staples  Consumer Staples 15.73%
Energy  Energy 5.51%
Financials  Financials 38.40%
Health Care  Health Care 14.04%
Industrials  Industrials 0.00%
Information Technology  Information Technology 0.00%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.81%
 
  Large Mid Small  
Growth  16.73% 5.70% 7.99%  
Value  62.77% 6.00% 0.00%  

 Style Weighting
Large-Cap Growth 16.73%
Large-Cap Value 62.77%
Mid-Cap Growth 5.70%
Mid-Cap Value 6.00%
Small-Cap Growth 7.99%
Small-Cap Value 0.00%
Undetermined 0.81%
 Composition
U.S. Stocks 36.97%   Other 0.81%
Non-U.S. Stocks 62.22%      
The style and sector characteristics of the portfolio are determined as of 08/19/2019 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $120,882.82
Weighted Average Price/Earnings 9.35
Weighted Average Price/Book 1.24
As of 8/19/2019
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 The Coca-Cola Company KO Consumer Staples  Consumer Staples Large-Cap Growth 8.78%
 Man Group Plc EMG.LN Financials  Financials Small-Cap Growth 7.99%
 Merck & Co., Inc. MRK Health Care  Health Care Large-Cap Growth 7.95%
 Vodafone Group Plc VOD.LN Communication Services  Communication Services Large-Cap Value 7.42%
 Verizon Communications Inc. VZ Communication Services  Communication Services Large-Cap Value 7.20%
 Walgreens Boots Alliance, Inc. WBA Consumer Staples  Consumer Staples Large-Cap Value 6.95%
 Industrial and Commercial Bank of China Limited (Class H) 1398.HK Financials  Financials Large-Cap Value 6.25%
 China Construction Bank Corporation (Class H) 939.HK Financials  Financials Large-Cap Value 6.15%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 6.09%
 Bank of Communications Co., Ltd. (Class H) 3328.HK Financials  Financials Large-Cap Value 6.02%
 Standard Life Aberdeen Plc SLA.LN Financials  Financials Mid-Cap Value 6.00%
 Bank of China Ltd. 3988.HK Financials  Financials Large-Cap Value 5.99%
 ITV Plc ITV.LN Communication Services  Communication Services Mid-Cap Growth 5.70%
 China Petroleum & Chemical Corporation (Sinopec) (Class H) 386.HK Energy  Energy Large-Cap Value 5.51%
 BT Group Plc BT/A.LN Communication Services  Communication Services Large-Cap Value 5.19%
 
Total Number of Holdings:    15
Underlying Securities information represented above is as of 08/19/2019 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 July 19, 2019
$0.04500 August 20, 2019
$0.04500 September 20, 2019

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.

China Concentration Risk. China's emerging market economy may be subject to over-extension of credit, currency devaluations and restrictions, decreased exports, economic recession, a reversal of economic liberalization, political unrest or changes in China's trading status. A deterioration of the relationship with the United States could have negative implications on issuers from these countries.

Communications Services Risk. The companies engaged in the communication services sector are subject to rapidly changing technology, rapid product obsolescence, loss of patent protection, cyclical market patterns, governmental regulation, evolving industry standards and frequent new product introductions. Certain companies may be particularly susceptible to cybersecurity threats, which could have an adverse effect on their business.

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.

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

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.

Hong Kong Concentration Risk. An investment in a portfolio which includes issuers located in Hong Kong is subject to risks related to Hong Kong's current and future political and economic environment and their ties to China's economy. A deterioration of the relationship with the United States could have negative implications on issuers from these countries.

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.

United Kingdom Risk. Because the portfolio is concentrated in companies headquartered in the United Kingdom, it may present more risks than a portfolio which is broadly diversified over several regions. The United Kingdom vote to leave the European Union and other recent rapid political and social change throughout Europe make the extent and nature of future economic development in Europe and the effect on securities issued by European issuers difficult to predict.

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.

Fund Cusip Information
30310V707 (Cash)
30310V715 (Reinvest)
30310V723 (Cash-Fee)
30310V731 (Reinvest-Fee)
Printer Friendly Page Printer Friendly Page

 
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 advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.