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Target Diversified Dividend, 1st Qtr 2020  Ticker: FHCBTX
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: DI1Q20
Portfolio Status: Primary
Initial Offer Date: 01/10/2020
Portfolio Ending Date: 04/09/2021
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.4382
POP(*): $9.5652
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 02/19/2020 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 2/19/2020) Per Unit (as of 2/18/2020)
4.67% $0.44700
^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 10.25%
Consumer Discretionary  Consumer Discretionary 9.45%
Consumer Staples  Consumer Staples 9.67%
Energy  Energy 8.79%
Financials  Financials 10.17%
Health Care  Health Care 10.51%
Industrials  Industrials 9.64%
Information Technology  Information Technology 10.43%
Materials  Materials 9.85%
Real Estate  Real Estate 0.00%
Utilities  Utilities 11.05%
Other  Other 0.19%
  Large Mid Small  
Growth  2.79% 0.00% 5.45%  
Value  26.05% 23.25% 42.27%  

 Style Weighting
Large-Cap Growth 2.79%
Large-Cap Value 26.05%
Mid-Cap Growth 0.00%
Mid-Cap Value 23.25%
Small-Cap Growth 5.45%
Small-Cap Value 42.27%
Undetermined 0.19%
U.S. Stocks 88.70%   Other 0.19%
Non-U.S. Stocks 11.11%      
The style and sector characteristics of the portfolio are determined as of 02/18/2020 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $27,758.83
Price/Earnings 11.94
Price/Book 1.18
As of 2/18/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 Duke Energy Corporation DUK Utilities  Utilities Large-Cap Value 2.97%
 Exelon Corporation EXC Utilities  Utilities Large-Cap Value 2.87%
 Penske Automotive Group, Inc. PAG Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.83%
 The Chemours Company CC Materials  Materials Small-Cap Growth 2.83%
 HP Inc. HPQ Information Technology  Information Technology Large-Cap Growth 2.79%
 Patterson Companies, Inc. PDCO Health Care  Health Care Small-Cap Value 2.77%
 Trinity Industries, Inc. TRN Industrials  Industrials Small-Cap Value 2.70%
 Gannett Co. Inc. GCI Communication Services  Communication Services Small-Cap Value 2.70%
 Unum Group UNM Financials  Financials Mid-Cap Value 2.69%
 Gilead Sciences, Inc. GILD Health Care  Health Care Large-Cap Value 2.68%
 CenterPoint Energy, Inc. CNP Utilities  Utilities Mid-Cap Value 2.67%
 CVS Health Corporation CVS Health Care  Health Care Large-Cap Value 2.62%
 Juniper Networks, Inc. JNPR Information Technology  Information Technology Mid-Cap Value 2.62%
 Ituran Location and Control Ltd. ITRN Information Technology  Information Technology Small-Cap Growth 2.62%
 Molson Coors Beverage Company TAP Consumer Staples  Consumer Staples Mid-Cap Value 2.61%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 2.60%
 The Greenbrier Companies, Inc. GBX Industrials  Industrials Small-Cap Value 2.60%
 WestRock Company WRK Materials  Materials Mid-Cap Value 2.58%
 SpartanNash Company SPTN Consumer Staples  Consumer Staples Small-Cap Value 2.56%
 AT&T Inc. T Communication Services  Communication Services Large-Cap Value 2.55%
 National Fuel Gas Company NFG Utilities  Utilities Small-Cap Value 2.54%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 2.53%
 Meredith Corporation MDP Communication Services  Communication Services Small-Cap Value 2.52%
 Citizens Financial Group, Inc. CFG Financials  Financials Mid-Cap Value 2.51%
 PACCAR Inc PCAR Industrials  Industrials Large-Cap Value 2.48%
 Sinclair Broadcast Group, Inc. SBGI Communication Services  Communication Services Small-Cap Value 2.48%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 2.44%
 Hewlett Packard Enterprise Company HPE Information Technology  Information Technology Mid-Cap Value 2.40%
 Bank OZK OZK Financials  Financials Small-Cap Value 2.37%
 HollyFrontier Corporation HFC Energy  Energy Mid-Cap Value 2.34%
 Big Lots, Inc. BIG Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.32%
 Carnival Corporation CCL Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.31%
 Universal Corporation UVV Consumer Staples  Consumer Staples Small-Cap Value 2.30%
 Mercer International Inc. MERC Materials  Materials Small-Cap Value 2.28%
 B&G Foods, Inc. BGS Consumer Staples  Consumer Staples Small-Cap Value 2.20%
 Delek US Holdings, Inc. DK Energy  Energy Small-Cap Value 2.18%
 Trinseo S.A. TSE Materials  Materials Small-Cap Value 2.16%
 The Goodyear Tire & Rubber Company GT Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.99%
 Ryder System, Inc. R Industrials  Industrials Small-Cap Value 1.86%
 GasLog Ltd. GLOG Energy  Energy Small-Cap Value 1.74%
Total Number of Holdings:    40
Underlying Securities information represented above is as of 02/18/2020 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.08%
  Deferred:  1.41%
C&D Fee:    0.52%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30312N307 Cash Monthly
30312N315 Reinvest Monthly
* Based on the offer price as of 02/19/2020 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.53%
Maximum Sales Charge:   0.53%
CUSIP Type Distribution
30312N323 Cash-Fee Monthly
30312N331 Reinvest-Fee Monthly
* Based on the NAV price as of 02/19/2020 4:00pm ET
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 April 20, 2020
$0.04500 May 20, 2020
$0.04500 June 19, 2020

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.

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.

Fund Cusip Information
30312N307 (Cash)
30312N315 (Reinvest)
30312N323 (Cash-Fee)
30312N331 (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 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.
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