Global Target 15, 1st Qtr 2020  Ticker: FKKZUX
 
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: GV1Q20
Portfolio Status: Primary
Initial Offer Date: 01/10/2020
Portfolio Ending Date: 04/09/2021
Tax Structure: Grantor
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $7.2414
POP(*): $7.3270
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 03/31/2020 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 3/31/2020) Per Unit (as of 3/30/2020)
5.63% $0.41240
^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 8.81%
Consumer Discretionary  Consumer Discretionary 0.00%
Consumer Staples  Consumer Staples 14.83%
Energy  Energy 7.10%
Financials  Financials 41.39%
Health Care  Health Care 7.58%
Industrials  Industrials 0.00%
Information Technology  Information Technology 7.69%
Materials  Materials 4.92%
Real Estate  Real Estate 7.52%
Utilities  Utilities 0.00%
Other  Other 0.16%
 
  Large Mid Small  
Growth  15.19% 0.00% 10.19%  
Value  56.23% 18.23% 0.00%  

 Style Weighting
Large-Cap Growth 15.19%
Large-Cap Value 56.23%
Mid-Cap Growth 0.00%
Mid-Cap Value 18.23%
Small-Cap Growth 10.19%
Small-Cap Value 0.00%
Undetermined 0.16%
 Composition
U.S. Stocks 35.02%   Other 0.16%
Non-U.S. Stocks 64.82%      
The style and sector characteristics of the portfolio are determined as of 03/30/2020 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $86,929.42
Price/Earnings 7.66
Price/Book 0.94
As of 3/30/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 China Construction Bank Corporation (Class H) 939.HK Financials  Financials Large-Cap Value 8.64%
 Bank of China Ltd. 3988.HK Financials  Financials Large-Cap Value 8.24%
 Bank of Communications Co., Ltd. (Class H) 3328.HK Financials  Financials Large-Cap Value 7.87%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Growth 7.69%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 7.58%
 Sino Land Company Limited 83.HK Real Estate  Real Estate Mid-Cap Value 7.52%
 The Coca-Cola Company KO Consumer Staples  Consumer Staples Large-Cap Growth 7.50%
 Walgreens Boots Alliance, Inc. WBA Consumer Staples  Consumer Staples Large-Cap Value 7.33%
 China Petroleum & Chemical Corporation (Sinopec) (Class H) 386.HK Energy  Energy Large-Cap Value 7.10%
 Man Group Plc EMG.LN Financials  Financials Small-Cap Growth 6.61%
 Legal & General Group Plc LGEN.LN Financials  Financials Mid-Cap Value 5.48%
 BT Group Plc BT/A.LN Communication Services  Communication Services Mid-Cap Value 5.23%
 Dow Inc. DOW Materials  Materials Large-Cap Value 4.92%
 Lloyds Banking Group Plc LLOY.LN Financials  Financials Large-Cap Value 4.55%
 ITV Plc ITV.LN Communication Services  Communication Services Small-Cap Growth 3.58%
 
Total Number of Holdings:    15
Underlying Securities information represented above is as of 03/30/2020 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.67%
  Deferred:  1.84%
C&D Fee:    0.68%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30312N182 Cash Monthly
30312N190 Reinvest Monthly
* Based on the offer price as of 03/31/2020 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.69%
Maximum Sales Charge:   0.69%
CUSIP Type Distribution
30312N208 Cash-Fee Monthly
30312N216 Reinvest-Fee Monthly
* Based on the NAV price as of 03/31/2020 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.

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.

COVID-19 Economic Impact Risk. Local, regional or global events such as war, acts of terrorism, spread of infectious diseases or other public health issues, recessions, or other events could have a significant negative impact on the portfolio and its investments. Such events may affect certain geographic regions, countries, sectors and industries more significantly than others. 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, negatively impact global economic growth prospects, and 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.

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.

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 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.