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Target VIP, 4th Qtr 2020  Ticker: FDKJLX
 
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 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: VP4Q20
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(*): $10.8758
POP(*): $11.0246
Remaining Deferred Sales Charge: $0.0900
* As of Trade Date: 01/21/2021 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 1/21/2021) Per Unit (as of 1/19/2021)
1.18% $0.13060
^ 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 8.27%
Consumer Discretionary  Consumer Discretionary 9.28%
Consumer Staples  Consumer Staples 4.07%
Energy  Energy 4.16%
Financials  Financials 14.73%
Health Care  Health Care 11.07%
Industrials  Industrials 7.24%
Information Technology  Information Technology 36.44%
Materials  Materials 2.21%
Real Estate  Real Estate 0.00%
Utilities  Utilities 2.53%
Other  Other 0.00%
 
  Large Mid Small  
Growth  41.19% 2.36% 9.93%  
Value  38.15% 0.11% 8.26%  

 Style Weighting
Large-Cap Growth 41.19%
Large-Cap Value 38.15%
Mid-Cap Growth 2.36%
Mid-Cap Value 0.11%
Small-Cap Growth 9.93%
Small-Cap Value 8.26%
Undetermined 0.00%
 Composition
U.S. Stocks 81.71%   Other 0.00%
Non-U.S. Stocks 18.29%      
The style and sector characteristics of the portfolio are determined as of 01/20/2021 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $457,536.51
Price/Earnings 24.15
Price/Book 3.19
As of 1/20/2021
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 11.80%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 4.48%
 Facebook, Inc. (Class A) FB Communication Services  Communication Services Large-Cap Value 4.46%
 JPMorgan Chase & Co. JPM Financials  Financials Large-Cap Value 3.92%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 3.91%
 The Travelers Companies, Inc. TRV Financials  Financials Large-Cap Value 3.69%
 Intel Corporation INTC Information Technology  Information Technology Large-Cap Value 3.23%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 3.08%
 Adobe Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 3.02%
 Lowe's Companies, Inc. LOW Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.06%
 Regeneron Pharmaceuticals, Inc. REGN Health Care  Health Care Large-Cap Value 1.79%
 Alphabet Inc. (Class C) GOOG Communication Services  Communication Services Large-Cap Value 1.27%
 Royal Dutch Shell Plc (Class A) RDSA.NA Energy  Energy Large-Cap Value 1.15%
 IDEXX Laboratories, Inc. IDXX Health Care  Health Care Large-Cap Growth 1.11%
 BP Plc BP/.LN Energy  Energy Large-Cap Value 1.07%
 Texas Instruments Incorporated TXN Information Technology  Information Technology Large-Cap Growth 1.01%
 Rio Tinto Plc RIO.LN Materials  Materials Large-Cap Value 0.99%
 Eni SpA ENI.IM Energy  Energy Large-Cap Value 0.98%
 Total SE FP.FP Energy  Energy Large-Cap Value 0.96%
 AXA S.A. CS.FP Financials  Financials Large-Cap Value 0.92%
 Allianz SE ALV.GY Financials  Financials Large-Cap Value 0.91%
 AeroVironment, Inc. AVAV Industrials  Industrials Small-Cap Growth 0.90%
 Vodafone Group Plc VOD.LN Communication Services  Communication Services Large-Cap Value 0.89%
 BASF SE BAS.GY Materials  Materials Large-Cap Value 0.89%
 Zurich Insurance Group AG ZURN.SW Financials  Financials Large-Cap Value 0.89%
 Bayer AG BAYN.GY Health Care  Health Care Large-Cap Value 0.88%
 S&P Global Inc. SPGI Financials  Financials Large-Cap Growth 0.87%
 Tesco Plc TSCO.LN Consumer Staples  Consumer Staples Large-Cap Value 0.87%
 Muenchener Rueckversicherungs-Gesellschaft AG MUV2.GY Financials  Financials Large-Cap Value 0.82%
 Orange ORA.FP Communication Services  Communication Services Large-Cap Value 0.80%
 Sleep Number Corporation SNBR Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.80%
 British American Tobacco Plc BATS.LN Consumer Staples  Consumer Staples Large-Cap Value 0.78%
 Nordea Bank Abp NDA.SS Financials  Financials Large-Cap Value 0.78%
 BioTelemetry, Inc. BEAT Health Care  Health Care Small-Cap Growth 0.76%
 GlaxoSmithKline Plc GSK.LN Health Care  Health Care Large-Cap Value 0.75%
 Zoom Video Communications, Inc. (Class A) ZM Information Technology  Information Technology Large-Cap Growth 0.74%
 National Grid Plc NG/.LN Utilities  Utilities Large-Cap Value 0.72%
 Endesa, S.A. ELE.SM Utilities  Utilities Large-Cap Value 0.71%
 ServiceNow, Inc. NOW Information Technology  Information Technology Large-Cap Growth 0.69%
 E.ON SE EOAN.GY Utilities  Utilities Large-Cap Value 0.68%
 Advanced Micro Devices, Inc. AMD Information Technology  Information Technology Large-Cap Growth 0.67%
 Intuit Inc. INTU Information Technology  Information Technology Large-Cap Growth 0.67%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 0.62%
 Herc Holdings, Inc. HRI Industrials  Industrials Small-Cap Growth 0.62%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.61%
 Addus HomeCare Corporation ADUS Health Care  Health Care Small-Cap Growth 0.61%
 NIC Inc. EGOV Information Technology  Information Technology Small-Cap Growth 0.60%
 La-Z-Boy Incorporated LZB Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.59%
 Old Dominion Freight Line, Inc. ODFL Industrials  Industrials Large-Cap Growth 0.59%
 Mettler-Toledo International Inc. MTD Health Care  Health Care Large-Cap Growth 0.57%
 Patrick Industries, Inc. PATK Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.57%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 0.55%
 USANA Health Sciences, Inc. USNA Consumer Staples  Consumer Staples Small-Cap Growth 0.54%
 Alamo Group Inc. ALG Industrials  Industrials Small-Cap Growth 0.54%
 Kadant Inc. KAI Industrials  Industrials Small-Cap Growth 0.53%
 McGrath RentCorp MGRC Industrials  Industrials Small-Cap Value 0.53%
 NetEase, Inc. (ADR) NTES Communication Services  Communication Services Large-Cap Value 0.53%
 Perficient, Inc. PRFT Information Technology  Information Technology Small-Cap Growth 0.53%
 Super Micro Computer, Inc. SMCI Information Technology  Information Technology Small-Cap Value 0.53%
 American Woodmark Corporation AMWD Industrials  Industrials Small-Cap Value 0.52%
 Ultra Clean Holdings, Inc. UCTT Information Technology  Information Technology Small-Cap Growth 0.52%
 Sykes Enterprises, Incorporated SYKE Information Technology  Information Technology Small-Cap Value 0.50%
 Teradyne, Inc. TER Information Technology  Information Technology Mid-Cap Growth 0.50%
 Air Transport Services Group, Inc. ATSG Industrials  Industrials Small-Cap Value 0.50%
 Ironwood Pharmaceuticals, Inc. IRWD Health Care  Health Care Small-Cap Growth 0.50%
 Virtus Investment Partners, Inc. VRTS Financials  Financials Small-Cap Value 0.49%
 Dollar General Corporation DG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.49%
 Monster Beverage Corporation MNST Consumer Staples  Consumer Staples Large-Cap Growth 0.48%
 Core-Mark Holding Company, Inc. CORE Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.47%
 Century Communities, Inc. CCS Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.47%
 CBIZ, Inc. CBZ Industrials  Industrials Small-Cap Value 0.46%
 Kimberly-Clark Corporation KMB Consumer Staples  Consumer Staples Large-Cap Growth 0.45%
 HNI Corporation HNI Industrials  Industrials Small-Cap Value 0.45%
 M/I Homes, Inc. MHO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.44%
 Piper Sandler Companies PIPR Financials  Financials Small-Cap Value 0.43%
 Luminex Corporation LMNX Health Care  Health Care Small-Cap Value 0.42%
 T. Rowe Price Group, Inc. TROW Financials  Financials Large-Cap Value 0.41%
 eBay Inc. EBAY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.41%
 The Clorox Company CLX Consumer Staples  Consumer Staples Large-Cap Growth 0.40%
 Expeditors International of Washington, Inc. EXPD Industrials  Industrials Mid-Cap Growth 0.39%
 Cadence Design Systems, Inc. CDNS Information Technology  Information Technology Large-Cap Growth 0.38%
 The Greenbrier Companies, Inc. GBX Industrials  Industrials Small-Cap Value 0.38%
 Masco Corporation MAS Industrials  Industrials Mid-Cap Growth 0.37%
 e.l.f. Beauty, Inc. ELF Consumer Staples  Consumer Staples Small-Cap Growth 0.36%
 Citrix Systems, Inc. CTXS Information Technology  Information Technology Mid-Cap Growth 0.35%
 Newmont Corporation NEM Materials  Materials Large-Cap Value 0.33%
 Electronic Arts Inc. EA Communication Services  Communication Services Large-Cap Value 0.32%
 Zumiez Inc. ZUMZ Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.32%
 lululemon athletica inc. LULU Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.32%
 Fastenal Company FAST Industrials  Industrials Large-Cap Growth 0.31%
 Encore Capital Group, Inc. ECPG Financials  Financials Small-Cap Value 0.31%
 Stride Inc. LRN Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.30%
 MarineMax, Inc. HZO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.29%
 Ameriprise Financial, Inc. AMP Financials  Financials Large-Cap Value 0.29%
 OneSpan Inc. OSPN Information Technology  Information Technology Small-Cap Growth 0.29%
 Domino's Pizza, Inc. DPZ Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.28%
 Synopsys, Inc. SNPS Information Technology  Information Technology Large-Cap Growth 0.27%
 America's Car-Mart, Inc. CRMT Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.26%
 Align Technology, Inc. ALGN Health Care  Health Care Large-Cap Growth 0.25%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 0.23%
 SpartanNash Company SPTN Consumer Staples  Consumer Staples Small-Cap Value 0.19%
 NeoPhotonics Corporation NPTN Information Technology  Information Technology Small-Cap Growth 0.19%
 Zynex, Inc. ZYXI Health Care  Health Care Small-Cap Growth 0.19%
 PetMed Express, Inc. PETS Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.18%
 Xcel Energy Inc. XEL Utilities  Utilities Large-Cap Value 0.17%
 Tractor Supply Company TSCO Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.16%
 Skyworks Solutions, Inc. SWKS Information Technology  Information Technology Large-Cap Value 0.16%
 West Pharmaceutical Services, Inc. WST Health Care  Health Care Mid-Cap Growth 0.16%
 Best Buy Co., Inc. BBY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.15%
 Rollins, Inc. ROL Industrials  Industrials Mid-Cap Growth 0.15%
 WEC Energy Group, Inc. WEC Utilities  Utilities Large-Cap Value 0.14%
 PPL Corporation PPL Utilities  Utilities Mid-Cap Value 0.11%
 Turtle Beach Corporation HEAR Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.11%
 
Total Number of Holdings:    113
Underlying Securities information represented above is as of 01/20/2021 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.

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 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.

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
30316B267 (Cash)
30316B275 (Reinvest)
30316B283 (Cash-Fee)
30316B291 (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.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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