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       
 
 

Dow® Target Dividend, 2nd Qtr 2020  Ticker: FFPTPX
 
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 factors.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: DD2Q20
Portfolio Status: Secondary
Initial Offer Date: 04/13/2020
Secondary Date: 07/10/2020
Portfolio Ending Date: 07/09/2021
Tax Structure: Grantor
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.7260
POP(*): $10.8727
Remaining Deferred Sales Charge: $0.0900
* As of Trade Date: 08/12/2020 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 8/12/2020) Per Unit (as of 8/10/2020)
4.73% $0.51380
^ 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. Due to the negative economic impact across many industries caused by the recent COVID-19 outbreak, certain issuers of the securities included in the trust may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "Historical 12-Month Distribution Rate of Trust Holdings," which is based on the trailing twelve-month distributions paid by the securities included in a trust, will likely be higher, and in some cases significantly higher, than the actual distribution rate achieved by the trust. 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. 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. 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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 4.63%
Consumer Discretionary  Consumer Discretionary 5.48%
Consumer Staples  Consumer Staples 9.19%
Energy  Energy 4.46%
Financials  Financials 52.78%
Health Care  Health Care 0.00%
Industrials  Industrials 0.00%
Information Technology  Information Technology 0.00%
Materials  Materials 5.81%
Real Estate  Real Estate 0.00%
Utilities  Utilities 17.65%
Other  Other 0.00%
 
  Large Mid Small  
Growth  0.00% 0.00% 9.19%  
Value  14.01% 40.82% 35.98%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 14.01%
Mid-Cap Growth 0.00%
Mid-Cap Value 40.82%
Small-Cap Growth 9.19%
Small-Cap Value 35.98%
Undetermined 0.00%
 Composition
U.S. Stocks 100.00%   Other 0.00%
Non-U.S. Stocks 0.00%      
The style and sector characteristics of the portfolio are determined as of 08/12/2020 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $8,397.74
Price/Earnings 14.25
Price/Book 0.96
As of 8/12/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Nu Skin Enterprises, Inc. (Class A) NUS Consumer Staples  Consumer Staples Small-Cap Growth 9.19%
 Principal Financial Group, Inc. PFG Financials  Financials Mid-Cap Value 6.45%
 Huntsman Corporation HUN Materials  Materials Mid-Cap Value 5.81%
 Newell Brands Inc. NWL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 5.48%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 5.48%
 CenterPoint Energy, Inc. CNP Utilities  Utilities Mid-Cap Value 5.24%
 United Bankshares, Inc. UBSI Financials  Financials Small-Cap Value 4.95%
 Valley National Bancorp VLY Financials  Financials Small-Cap Value 4.71%
 New York Community Bancorp, Inc. NYCB Financials  Financials Mid-Cap Value 4.64%
 Meredith Corporation MDP Communication Services  Communication Services Small-Cap Value 4.63%
 PacWest Bancorp PACW Financials  Financials Small-Cap Value 4.59%
 F.N.B. Corporation FNB Financials  Financials Small-Cap Value 4.50%
 Helmerich & Payne, Inc. HP Energy  Energy Small-Cap Value 4.46%
 People's United Financial, Inc. PBCT Financials  Financials Mid-Cap Value 4.45%
 Exelon Corporation EXC Utilities  Utilities Large-Cap Value 4.44%
 Old Republic International Corporation ORI Financials  Financials Mid-Cap Value 4.44%
 Cincinnati Financial Corporation CINF Financials  Financials Mid-Cap Value 4.31%
 Trustmark Corporation TRMK Financials  Financials Small-Cap Value 4.26%
 Edison International EIX Utilities  Utilities Large-Cap Value 4.09%
 Avista Corporation AVA Utilities  Utilities Small-Cap Value 3.88%
 
Total Number of Holdings:    20
Underlying Securities information represented above is as of 08/12/2020 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 July 20, 2020
$0.04500 August 20, 2020
$0.04500 September 18, 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.

COVID-19 Economic Impact Risk. 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 and negatively impact global economic growth prospects. The COVID-19 outbreak has also caused significant volatility and declines in global financial markets, which have caused losses for investors. The impact of the COVID-19 outbreak may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.

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.

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 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 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.

The Dow Jones U.S. Select Dividend IndexSM is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and has been licensed for use by First Trust Portfolios L.P. Standard & Poor's® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust Portfolios L.P. This product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the Dow Jones U.S. Select Dividend IndexSM.

Fund Cusip Information
30313H663 (Cash)
30313H671 (Reinvest)
30313H689 (Cash-Fee)
30313H697 (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 professionals 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. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2020 All rights reserved.