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       
 
 

Target VIP, 2nd Qtr 2020  Ticker: FDJUXX
 
Description
This unit investment trust seeks above-average total return; however, there is no assurance the objective will be met. The portfolio provides you with the convenience of owning six distinct strategies in one investment. It invests in a fixed portfolio of stocks which are selected by applying pre-determined screens and factors.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: VP2Q20
Portfolio Status: Secondary
Initial Offer Date: 04/13/2020
Secondary Date: 07/10/2020
Portfolio Ending Date: 07/09/2021
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $12.3551
POP(*): $12.5241
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)
1.50% $0.18810
^ 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 5.92%
Consumer Discretionary  Consumer Discretionary 6.01%
Consumer Staples  Consumer Staples 3.22%
Energy  Energy 3.32%
Financials  Financials 10.86%
Health Care  Health Care 9.88%
Industrials  Industrials 11.25%
Information Technology  Information Technology 43.08%
Materials  Materials 3.36%
Real Estate  Real Estate 0.00%
Utilities  Utilities 2.77%
Other  Other 0.33%
 
  Large Mid Small  
Growth  44.78% 2.99% 11.76%  
Value  34.16% 0.57% 5.41%  

 Style Weighting
Large-Cap Growth 44.78%
Large-Cap Value 34.16%
Mid-Cap Growth 2.99%
Mid-Cap Value 0.57%
Small-Cap Growth 11.76%
Small-Cap Value 5.41%
Undetermined 0.33%
 Composition
U.S. Stocks 79.87%   Other 0.33%
Non-U.S. Stocks 19.80%      
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 $629,787.83
Price/Earnings 22.48
Price/Book 3.18
As of 8/12/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 20.78%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 8.15%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Value 2.97%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Value 2.88%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 2.85%
 JPMorgan Chase & Co. JPM Financials  Financials Large-Cap Value 2.81%
 Alibaba Group Holding Limited (ADR) BABA Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.38%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 2.15%
 Alphabet Inc. (Class A) GOOGL Communication Services  Communication Services Large-Cap Value 1.87%
 Intel Corporation INTC Information Technology  Information Technology Large-Cap Value 1.64%
 Eli Lilly and Company LLY Health Care  Health Care Large-Cap Growth 1.36%
 Taiwan Semiconductor Manufacturing Company Ltd. (ADR) TSM Information Technology  Information Technology Large-Cap Growth 1.33%
 S&P Global Inc. SPGI Financials  Financials Large-Cap Growth 1.21%
 Walmart, Inc. WMT Consumer Staples  Consumer Staples Large-Cap Value 1.10%
 Biogen Inc. BIIB Health Care  Health Care Large-Cap Value 1.04%
 Starbucks Corporation SBUX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.98%
 PennyMac Financial Services, Inc. PFSI Financials  Financials Small-Cap Value 0.95%
 Builders FirstSource, Inc. BLDR Industrials  Industrials Small-Cap Growth 0.94%
 Anglo American Plc AAL.LN Materials  Materials Large-Cap Value 0.93%
 Endesa, S.A. ELE.SM Utilities  Utilities Large-Cap Value 0.91%
 Rio Tinto Plc RIO.LN Materials  Materials Large-Cap Value 0.87%
 Equinor ASA EQNR.NO Energy  Energy Large-Cap Value 0.82%
 AXA S.A. CS.FP Financials  Financials Large-Cap Value 0.81%
 Allianz SE ALV.GY Financials  Financials Large-Cap Value 0.80%
 Vertex Pharmaceuticals Incorporated VRTX Health Care  Health Care Large-Cap Growth 0.79%
 NextEra Energy, Inc. NEE Utilities  Utilities Large-Cap Value 0.78%
 BASF SE BAS.GY Materials  Materials Large-Cap Value 0.78%
 Zurich Insurance Group AG ZURN.SW Financials  Financials Large-Cap Value 0.77%
 Assicurazioni Generali SpA G.IM Financials  Financials Large-Cap Value 0.73%
 Telenor ASA TEL.NO Communication Services  Communication Services Large-Cap Growth 0.72%
 Adobe Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 0.71%
 Vodafone Group Plc VOD.LN Communication Services  Communication Services Large-Cap Value 0.71%
 Total SE FP.FP Energy  Energy Large-Cap Value 0.70%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 0.68%
 Swiss Re AG SREN.SW Financials  Financials Large-Cap Value 0.66%
 Banco Bilbao Vizcaya Argentaria, S.A. BBVA.SM Financials  Financials Large-Cap Value 0.63%
 BP Plc BP/.LN Energy  Energy Large-Cap Value 0.62%
 Eni SpA ENI.IM Energy  Energy Large-Cap Value 0.62%
 Orange ORA.FP Communication Services  Communication Services Large-Cap Value 0.62%
 W.W. Grainger, Inc. GWW Industrials  Industrials Mid-Cap Growth 0.61%
 British American Tobacco Plc BATS.LN Consumer Staples  Consumer Staples Large-Cap Value 0.61%
 Central Garden & Pet Company (Class A) CENTA Consumer Staples  Consumer Staples Small-Cap Value 0.59%
 BMC Stock Holdings, Inc. BMCH Industrials  Industrials Small-Cap Value 0.59%
 Telefonica, S.A. TEF.SM Communication Services  Communication Services Large-Cap Value 0.58%
 FormFactor, Inc. FORM Information Technology  Information Technology Small-Cap Growth 0.58%
 STAAR Surgical Company STAA Health Care  Health Care Small-Cap Growth 0.58%
 Gibraltar Industries, Inc. ROCK Industrials  Industrials Small-Cap Growth 0.57%
 Evoqua Water Technologies Corp. AQUA Industrials  Industrials Small-Cap Growth 0.57%
 Royal Dutch Shell Plc (Class A) RDSA.NA Energy  Energy Large-Cap Value 0.56%
 Badger Meter, Inc. BMI Information Technology  Information Technology Small-Cap Growth 0.53%
 Federal Signal Corporation FSS Industrials  Industrials Small-Cap Growth 0.52%
 Regeneron Pharmaceuticals, Inc. REGN Health Care  Health Care Large-Cap Growth 0.52%
 SJW Group SJW Utilities  Utilities Small-Cap Growth 0.51%
 PRA Group, Inc. PRAA Financials  Financials Small-Cap Value 0.50%
 Masco Corporation MAS Industrials  Industrials Mid-Cap Growth 0.49%
 NetEase, Inc. (ADR) NTES Communication Services  Communication Services Large-Cap Growth 0.48%
 Charter Communications, Inc. CHTR Communication Services  Communication Services Large-Cap Value 0.48%
 Sonic Automotive, Inc. SAH Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.47%
 Hub Group, Inc. HUBG Industrials  Industrials Small-Cap Value 0.47%
 Winnebago Industries, Inc. WGO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.46%
 Heartland Express, Inc. HTLD Industrials  Industrials Small-Cap Growth 0.45%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 0.44%
 Cavco Industries, Inc. CVCO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.44%
 McGrath RentCorp MGRC Industrials  Industrials Small-Cap Growth 0.44%
 The Allstate Corporation ALL Financials  Financials Large-Cap Value 0.42%
 Micron Technology, Inc. MU Information Technology  Information Technology Large-Cap Value 0.41%
 NIC Inc. EGOV Information Technology  Information Technology Small-Cap Growth 0.40%
 Addus HomeCare Corporation ADUS Health Care  Health Care Small-Cap Growth 0.40%
 Vector Group Ltd. VGR Consumer Staples  Consumer Staples Small-Cap Growth 0.39%
 Corcept Therapeutics Incorporated CORT Health Care  Health Care Small-Cap Growth 0.39%
 Atkore International Group Inc. ATKR Industrials  Industrials Small-Cap Growth 0.38%
 Chesapeake Utilities Corporation CPK Utilities  Utilities Small-Cap Growth 0.37%
 Sykes Enterprises, Incorporated SYKE Information Technology  Information Technology Small-Cap Value 0.36%
 CSG Systems International, Inc. CSGS Information Technology  Information Technology Small-Cap Growth 0.36%
 CBIZ, Inc. CBZ Industrials  Industrials Small-Cap Value 0.36%
 ICF International, Inc. ICFI Industrials  Industrials Small-Cap Value 0.36%
 Tennant Company TNC Industrials  Industrials Small-Cap Growth 0.35%
 Ross Stores, Inc. ROST Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.35%
 Perficient, Inc. PRFT Information Technology  Information Technology Small-Cap Growth 0.35%
 Alamo Group Inc. ALG Industrials  Industrials Small-Cap Growth 0.35%
 Astec Industries, Inc. ASTE Industrials  Industrials Small-Cap Value 0.33%
 AutoZone, Inc. AZO Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.32%
 IDEXX Laboratories, Inc. IDXX Health Care  Health Care Large-Cap Growth 0.32%
 Allegion Public Limited Company ALLE Industrials  Industrials Mid-Cap Growth 0.32%
 Employers Holdings, Inc. EIG Financials  Financials Small-Cap Value 0.31%
 John B. Sanfilippo & Son, Inc. JBSS Consumer Staples  Consumer Staples Small-Cap Growth 0.29%
 Mesa Laboratories, Inc. MLAB Health Care  Health Care Small-Cap Growth 0.28%
 Huron Consulting Group Inc. HURN Industrials  Industrials Small-Cap Value 0.27%
 Pan American Silver Corp. PAAS Materials  Materials Mid-Cap Value 0.26%
 MarketAxess Holdings Inc. MKTX Financials  Financials Mid-Cap Growth 0.26%
 Electronic Arts Inc. EA Communication Services  Communication Services Large-Cap Value 0.25%
 OraSure Technologies, Inc. OSUR Health Care  Health Care Small-Cap Growth 0.23%
 lululemon athletica inc. LULU Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.23%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.22%
 West Pharmaceutical Services, Inc. WST Health Care  Health Care Mid-Cap Growth 0.22%
 Skyworks Solutions, Inc. SWKS Information Technology  Information Technology Large-Cap Value 0.21%
 Photronics, Inc. PLAB Information Technology  Information Technology Small-Cap Value 0.20%
 Bio-Rad Laboratories, Inc. (Class A) BIO Health Care  Health Care Mid-Cap Value 0.18%
 Franco-Nevada Corporation FNV Materials  Materials Large-Cap Value 0.18%
 Barrick Gold Corporation GOLD Materials  Materials Large-Cap Value 0.17%
 Newmont Corporation NEM Materials  Materials Large-Cap Value 0.17%
 Cable One, Inc. CABO Communication Services  Communication Services Mid-Cap Growth 0.17%
 Kimberly-Clark Corporation KMB Consumer Staples  Consumer Staples Large-Cap Growth 0.16%
 Chemed Corporation CHE Health Care  Health Care Mid-Cap Growth 0.16%
 ANSYS, Inc. ANSS Information Technology  Information Technology Large-Cap Growth 0.16%
 PetMed Express, Inc. PETS Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.16%
 Ubiquiti Inc. UI Information Technology  Information Technology Mid-Cap Growth 0.16%
 ResMed Inc. RMD Health Care  Health Care Large-Cap Growth 0.15%
 Tyler Technologies, Inc. TYL Information Technology  Information Technology Mid-Cap Growth 0.15%
 Masimo Corporation MASI Health Care  Health Care Mid-Cap Growth 0.15%
 DaVita Inc. DVA Health Care  Health Care Mid-Cap Growth 0.14%
 The Southern Company SO Utilities  Utilities Large-Cap Value 0.13%
 Leidos Holdings, Inc. LDOS Information Technology  Information Technology Mid-Cap Value 0.13%
 Anika Therapeutics, Inc. ANIK Health Care  Health Care Small-Cap Value 0.12%
 Citrix Systems, Inc. CTXS Information Technology  Information Technology Mid-Cap Growth 0.12%
 VeriSign, Inc. VRSN Information Technology  Information Technology Large-Cap Growth 0.11%
 The Clorox Company CLX Consumer Staples  Consumer Staples Large-Cap Growth 0.08%
 WEC Energy Group, Inc. WEC Utilities  Utilities Large-Cap Value 0.07%
 Take-Two Interactive Software, Inc. TTWO Communication Services  Communication Services Mid-Cap Growth 0.04%
 
Total Number of Holdings:    119
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.

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.

Technology Risk. The companies engaged in the information technology sector are subject to fierce competition, high research and development costs, and their products and services may be subject to rapid obsolescence. Technology company stocks, especially those which are Internet-related, may experience extreme price and volume fluctuations that are often unrelated to their operating performance.

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 Industrial Average 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 Industrial Average.

The Nasdaq 100®, Nasdaq 100 Index®, and Nasdaq® are trade or service marks of Nasdaq, Inc. (which with its affiliates are the Corporations) and are licensed for use by First Trust Portfolios L.P. The portfolio has not been passed on by the Corporations as to its legality or suitability. The portfolio is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PORTFOLIO.

The S&P 500 Index 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 S&P 500 Index.

"Value Line", "The Value Line Investment Survey", and "Timeliness" are trademarks or registered trademarks of Value Line, Inc. ("Value Line") and have been licensed for use for certain purposes by First Trust Portfolios L.P. This product is not sponsored, endorsed, recommended, sold or promoted by Value Line and Value Line makes no representation regarding the advisability of investing in products utilizing such strategy. First Trust Portfolios L.P. is not affiliated with any Value Line company.

Fund Cusip Information
30313J388 (Cash)
30313J396 (Reinvest)
30313J404 (Cash-Fee)
30313J412 (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.