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Target Focus Four, 4th Qtr 2020  Ticker: FIFXYX
 
Description
A unit investment trust that seeks above-average total return; however, there is no assurance the objective will be met. The portfolio provides you with the convenience of owning four 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: F44Q20
Portfolio Status: Secondary
Initial Offer Date: 10/12/2020
Secondary Date: 01/11/2021
Portfolio Ending Date: 01/07/2022
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $11.9468
POP(*): $12.1103
Remaining Deferred Sales Charge: $0.0900
* As of Trade Date: 01/22/2021 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 1/22/2021) Per Unit (as of 1/19/2021)
2.20% $0.26670
^ 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 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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 3.10%
Consumer Discretionary  Consumer Discretionary 8.52%
Consumer Staples  Consumer Staples 1.20%
Energy  Energy 5.64%
Financials  Financials 39.29%
Health Care  Health Care 1.99%
Industrials  Industrials 2.65%
Information Technology  Information Technology 21.70%
Materials  Materials 4.84%
Real Estate  Real Estate 3.76%
Utilities  Utilities 6.46%
Other  Other 0.85%
 
  Large Mid Small  
Growth  23.76% 1.00% 1.66%  
Value  16.44% 21.00% 35.29%  

 Style Weighting
Large-Cap Growth 23.76%
Large-Cap Value 16.44%
Mid-Cap Growth 1.00%
Mid-Cap Value 21.00%
Small-Cap Growth 1.66%
Small-Cap Value 35.29%
Undetermined 0.85%
 Composition
U.S. Stocks 87.16%   Other 0.85%
Non-U.S. Stocks 11.99%      
The style and sector characteristics of the portfolio are determined as of 01/21/2021 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $153,158.81
Price/Earnings 16.27
Price/Book 1.22
As of 1/21/2021
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 6.51%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 3.71%
 Adobe Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 2.48%
 Valley National Bancorp VLY Financials  Financials Small-Cap Value 2.44%
 F.N.B. Corporation FNB Financials  Financials Small-Cap Value 2.40%
 Invesco Ltd. IVZ Financials  Financials Mid-Cap Value 1.97%
 United Bankshares, Inc. UBSI Financials  Financials Small-Cap Value 1.73%
 Texas Instruments Incorporated TXN Information Technology  Information Technology Large-Cap Growth 1.69%
 Newell Brands Inc. NWL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.66%
 Citizens Financial Group, Inc. CFG Financials  Financials Mid-Cap Value 1.66%
 Unum Group UNM Financials  Financials Mid-Cap Value 1.64%
 People's United Financial, Inc. PBCT Financials  Financials Mid-Cap Value 1.56%
 MetLife, Inc. MET Financials  Financials Large-Cap Value 1.56%
 New York Community Bancorp, Inc. NYCB Financials  Financials Mid-Cap Value 1.53%
 WestRock Company WRK Materials  Materials Mid-Cap Value 1.51%
 Principal Financial Group, Inc. PFG Financials  Financials Mid-Cap Value 1.50%
 Federated Hermes, Inc. (Class B) FHI Financials  Financials Small-Cap Value 1.49%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 1.48%
 New Jersey Resources Corporation NJR Utilities  Utilities Small-Cap Value 1.47%
 Lowe's Companies, Inc. LOW Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.37%
 Exelon Corporation EXC Utilities  Utilities Large-Cap Value 1.34%
 CenturyLink, Inc. LUMN Communication Services  Communication Services Mid-Cap Value 1.33%
 Edison International EIX Utilities  Utilities Mid-Cap Value 1.29%
 Public Service Enterprise Group Incorporated PEG Utilities  Utilities Large-Cap Value 1.22%
 Advanced Micro Devices, Inc. AMD Information Technology  Information Technology Large-Cap Growth 1.15%
 Pinnacle West Capital Corporation PNW Utilities  Utilities Mid-Cap Value 1.14%
 ServiceNow, Inc. NOW Information Technology  Information Technology Large-Cap Growth 1.14%
 Intuit Inc. INTU Information Technology  Information Technology Large-Cap Growth 1.04%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 1.02%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.00%
 Olin Corporation OLN Materials  Materials Small-Cap Growth 0.90%
 Webster Financial Corporation WBS Financials  Financials Small-Cap Value 0.89%
 East West Bancorp, Inc. EWBC Financials  Financials Mid-Cap Value 0.88%
 Acadia Healthcare Company, Inc. ACHC Health Care  Health Care Small-Cap Value 0.87%
 Sterling Bancorp STL Financials  Financials Small-Cap Value 0.85%
 Synovus Financial Corp. SNV Financials  Financials Mid-Cap Value 0.81%
 Ryder System, Inc. R Industrials  Industrials Small-Cap Value 0.79%
 Dana Inc. DAN Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.78%
 Stifel Financial Corp. SF Financials  Financials Mid-Cap Value 0.77%
 World Fuel Services Corporation INT Energy  Energy Small-Cap Value 0.76%
 Fulton Financial Corporation FULT Financials  Financials Small-Cap Value 0.74%
 Associated Banc-Corp ASB Financials  Financials Small-Cap Value 0.73%
 Wintrust Financial Corporation WTFC Financials  Financials Small-Cap Value 0.73%
 Brighthouse Financial, Inc. BHF Financials  Financials Small-Cap Value 0.72%
 Graham Holdings Company GHC Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.71%
 MTS Systems Corporation MTSC Information Technology  Information Technology Small-Cap Growth 0.71%
 Urban Edge Properties UE Real Estate  Real Estate Small-Cap Value 0.71%
 UMB Financial Corporation UMBF Financials  Financials Small-Cap Value 0.70%
 Service Properties Trust SVC Real Estate  Real Estate Small-Cap Value 0.70%
 GATX Corporation GATX Industrials  Industrials Small-Cap Value 0.70%
 CNO Financial Group, Inc. CNO Financials  Financials Small-Cap Value 0.70%
 Navient Corporation NAVI Financials  Financials Small-Cap Value 0.64%
 Sabra Health Care REIT, Inc. SBRA Real Estate  Real Estate Small-Cap Value 0.63%
 Domtar Corporation UFS Materials  Materials Small-Cap Value 0.63%
 Cousins Properties Incorporated CUZ Real Estate  Real Estate Mid-Cap Value 0.61%
 Tri Pointe Homes, Inc. TPH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.60%
 Telephone and Data Systems, Inc. TDS Communication Services  Communication Services Small-Cap Value 0.58%
 Reinsurance Group of America, Incorporated RGA Financials  Financials Mid-Cap Value 0.58%
 Regeneron Pharmaceuticals, Inc. REGN Health Care  Health Care Large-Cap Value 0.56%
 Banco Bilbao Vizcaya Argentaria, S.A. (ADR) BBVA Financials  Financials Large-Cap Value 0.56%
 First American Financial Corporation FAF Financials  Financials Mid-Cap Value 0.56%
 Newmont Corporation NEM Materials  Materials Large-Cap Value 0.54%
 Royal Dutch Shell Plc (ADR) RDS/A Energy  Energy Large-Cap Value 0.49%
 Rayonier Advanced Materials Inc. RYAM Materials  Materials Small-Cap Value 0.49%
 G-III Apparel Group, Ltd. GIII Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.48%
 Electronic Arts Inc. EA Communication Services  Communication Services Large-Cap Value 0.46%
 Synopsys, Inc. SNPS Information Technology  Information Technology Large-Cap Growth 0.46%
 Barclays Plc (ADR) BCS Financials  Financials Large-Cap Value 0.46%
 Suncor Energy Inc. SU Energy  Energy Large-Cap Value 0.46%
 Petroleo Brasileiro S.A. - Petrobras (ADR) PBR Energy  Energy Large-Cap Value 0.46%
 Meta Financial Group, Inc. CASH Financials  Financials Small-Cap Value 0.46%
 Customers Bancorp, Inc. CUBI Financials  Financials Small-Cap Value 0.46%
 BP Plc (ADR) BP Energy  Energy Large-Cap Value 0.45%
 Ameris Bancorp ABCB Financials  Financials Small-Cap Value 0.44%
 Canadian Natural Resources Limited CNQ Energy  Energy Large-Cap Value 0.44%
 Ecopetrol S.A. (ADR) EC Energy  Energy Large-Cap Value 0.44%
 Lloyds Banking Group Plc (ADR) LYG Financials  Financials Large-Cap Value 0.43%
 Equinor ASA EQNR Energy  Energy Large-Cap Value 0.43%
 RPT Realty RPT Real Estate  Real Estate Small-Cap Value 0.43%
 Nutrien Ltd. NTR Materials  Materials Large-Cap Value 0.43%
 Canon Inc. (ADR) CAJ Information Technology  Information Technology Large-Cap Value 0.42%
 Credit Suisse Group AG (ADR) CS Financials  Financials Large-Cap Value 0.42%
 Total SE (ADR) TOT Energy  Energy Large-Cap Value 0.41%
 eBay Inc. EBAY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.41%
 UBS Group AG UBS Financials  Financials Large-Cap Value 0.41%
 Simmons First National Corporation SFNC Financials  Financials Small-Cap Value 0.40%
 BankUnited, Inc. BKU Financials  Financials Small-Cap Value 0.40%
 Dorian LPG Ltd. LPG Energy  Energy Small-Cap Value 0.40%
 ING Groep N.V. (ADR) ING Financials  Financials Large-Cap Value 0.39%
 First Financial Bancorp. FFBC Financials  Financials Small-Cap Value 0.39%
 Telefonica, S.A. (ADR) TEF Communication Services  Communication Services Large-Cap Value 0.38%
 Toyota Motor Corporation (ADR) TM Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.38%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 0.38%
 First Commonwealth Financial Corporation FCF Financials  Financials Small-Cap Value 0.38%
 Veritex Holdings, Inc. VBTX Financials  Financials Small-Cap Value 0.38%
 Honda Motor Co., Ltd. (ADR) HMC Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.37%
 Renasant Corporation RNST Financials  Financials Small-Cap Value 0.37%
 Independent Bank Group, Inc. IBTX Financials  Financials Small-Cap Value 0.37%
 SEACOR Holdings Inc. CKH Industrials  Industrials Small-Cap Value 0.36%
 Kite Realty Group Trust KRG Real Estate  Real Estate Small-Cap Value 0.36%
 Old National Bancorp ONB Financials  Financials Small-Cap Value 0.35%
 British American Tobacco Plc (ADR) BTI Consumer Staples  Consumer Staples Large-Cap Value 0.35%
 Orange (ADR) ORAN Communication Services  Communication Services Large-Cap Value 0.35%
 Mizuho Financial Group, Inc. (ADR) MFG Financials  Financials Large-Cap Value 0.35%
 Assured Guaranty Ltd. AGO Financials  Financials Small-Cap Value 0.34%
 The Andersons, Inc. ANDE Consumer Staples  Consumer Staples Small-Cap Value 0.34%
 Kraton Corp. KRA Materials  Materials Small-Cap Value 0.34%
 Cadence Design Systems, Inc. CDNS Information Technology  Information Technology Large-Cap Growth 0.32%
 Office Properties Income Trust OPI Real Estate  Real Estate Small-Cap Value 0.32%
 Photronics, Inc. PLAB Information Technology  Information Technology Small-Cap Value 0.31%
 IDEXX Laboratories, Inc. IDXX Health Care  Health Care Large-Cap Growth 0.31%
 TTM Technologies, Inc. TTMI Information Technology  Information Technology Small-Cap Value 0.31%
 Bristow Group Inc. VTOL Energy  Energy Small-Cap Value 0.31%
 Bonanza Creek Energy, Inc. BCEI Energy  Energy Small-Cap Value 0.30%
 Range Resources Corporation RRC Energy  Energy Small-Cap Value 0.29%
 The Greenbrier Companies, Inc. GBX Industrials  Industrials Small-Cap Value 0.29%
 American Equity Investment Life Holding Company AEL Financials  Financials Small-Cap Value 0.27%
 Fastenal Company FAST Industrials  Industrials Large-Cap Growth 0.26%
 Best Buy Co., Inc. BBY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.26%
 Tractor Supply Company TSCO Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.26%
 Seneca Foods Corporation SENEA Consumer Staples  Consumer Staples Small-Cap Value 0.26%
 The Clorox Company CLX Consumer Staples  Consumer Staples Large-Cap Growth 0.25%
 Rollins, Inc. ROL Industrials  Industrials Mid-Cap Growth 0.25%
 West Pharmaceutical Services, Inc. WST Health Care  Health Care Mid-Cap Growth 0.25%
 Domino's Pizza, Inc. DPZ Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.24%
 BM Technologies Inc. BMTX Information Technology  Information Technology Small-Cap Growth 0.05%
 
Total Number of Holdings:    126
Underlying Securities information represented above is as of 01/21/2021 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 January 20, 2021
$0.04500 February 19, 2021
$0.04500 March 19, 2021

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.

COVID-19 Economic Impact Risk. The COVID-19 global pandemic has resulted in major disruptions to economies and markets around the world. Financial markets have experienced extreme volatility and severe losses, negatively impacting global economic growth prospects. The duration of the COVID-19 outbreak and its effects cannot be determined with certainty and may exacerbate other political, social and economic risks.

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.

Large-Cap Risk. Large capitalization companies may grow at a slower rate than the overall market.

REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

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 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.

Source ICE Data Indices, LLC, is used with permission. "NYSE®" is a service/trade mark of ICE Data Indices, LLC or its affiliates and has been licensed, along with the NYSE® International 100 Index ("Index") for use by First Trust Portfolios L.P. Neither First Trust Portfolios L.P. nor the product, as applicable, is sponsored, endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates or its Third Party Suppliers ("ICE Data and its Suppliers"). ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Product particularly, or the ability of the Index to track general market performance. Past performance of an Index is not an indicator of or a guarantee of future results.

ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM ("INDEX DATA"). ICE DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN "AS IS" BASIS AND YOUR USE IS AT YOUR OWN RISK.

The S&P MidCap 400 and the S&P SmallCap 600 Indices are products of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and have 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 MidCap 400 and the S&P SmallCap 600 Indices.

Fund Cusip Information
30316B143 (Cash)
30316B150 (Reinvest)
30316B168 (Cash-Fee)
30316B176 (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 professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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