SMid High Dividend, 45  Ticker: FVCUCX
A unit investment trust that seeks above-average total return through a combination of capital appreciation and dividend income by investing in a portfolio of small and mid-size companies with above-average dividend yields.
Please note that there is no assurance the objective will be met.
Product Code: SMDV45
Portfolio Status: Secondary
Initial Offer Date: 01/26/2022
Secondary Date: 04/27/2022
Portfolio Ending Date: 01/26/2024
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $8.6017
POP(*): $8.7997
Remaining Deferred Sales Charge: $0.0750
* As of Trade Date: 06/30/2022 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 6/30/2022) Per Unit (as of 6/27/2022)
3.96% $0.34890
^ 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. 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 2.89%
Consumer Discretionary  Consumer Discretionary 21.96%
Consumer Staples  Consumer Staples 6.79%
Energy  Energy 3.83%
Financials  Financials 18.76%
Health Care  Health Care 12.24%
Industrials  Industrials 19.68%
Information Technology  Information Technology 3.39%
Materials  Materials 6.35%
Real Estate  Real Estate 0.00%
Utilities  Utilities 3.70%
Other  Other 0.41%
  Large Mid Small  
Growth  0.00% 27.55% 24.95%  
Value  0.00% 38.40% 8.69%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 27.55%
Mid-Cap Value 38.40%
Small-Cap Growth 24.95%
Small-Cap Value 8.69%
Undetermined 0.41%
U.S. Stocks 93.81%   Other 0.41%
Non-U.S. Stocks 5.78%      
The style and sector characteristics of the portfolio are determined as of 06/29/2022 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $6,538.28
Price/Earnings 9.28
Price/Book 1.87
As of 6/29/2022
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 H&R Block, Inc. HRB Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 5.87%
 First Horizon Corporation FHN Financials  Financials Mid-Cap Value 4.67%
 Organon & Co. OGN Health Care  Health Care Mid-Cap Growth 4.18%
 Patterson Companies, Inc. PDCO Health Care  Health Care Small-Cap Growth 4.12%
 Cardinal Health, Inc. CAH Health Care  Health Care Mid-Cap Growth 3.94%
 Civitas Resources Inc. CIVI Energy  Energy Mid-Cap Value 3.83%
 Packaging Corporation of America PKG Materials  Materials Mid-Cap Growth 3.81%
 Alliant Energy Corporation LNT Utilities  Utilities Mid-Cap Value 3.70%
 Snap-on Incorporated SNA Industrials  Industrials Mid-Cap Value 3.54%
 Medifast, Inc. MED Consumer Staples  Consumer Staples Small-Cap Growth 3.53%
 LCI Industries LCII Consumer Discretionary  Consumer Discretionary Small-Cap Growth 3.45%
 MDU Resources Group, Inc. MDU Industrials  Industrials Mid-Cap Value 3.43%
 MSC Industrial Direct Co., Inc. (Class A) MSM Industrials  Industrials Small-Cap Growth 3.41%
 The Western Union Company WU Information Technology  Information Technology Mid-Cap Growth 3.39%
 Reynolds Consumer Products Inc. REYN Consumer Staples  Consumer Staples Mid-Cap Growth 3.26%
 Triton International Limited TRTN Industrials  Industrials Small-Cap Value 3.24%
 HNI Corporation HNI Industrials  Industrials Small-Cap Growth 3.11%
 F.N.B. Corporation FNB Financials  Financials Small-Cap Value 3.10%
 Tapestry, Inc. TPR Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.10%
 Jefferies Financial Group Inc. JEF Financials  Financials Mid-Cap Value 2.96%
 Douglas Dynamics, Inc. PLOW Industrials  Industrials Small-Cap Growth 2.95%
 The Interpublic Group of Companies, Inc. IPG Communication Services  Communication Services Mid-Cap Value 2.89%
 Whirlpool Corporation WHR Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.81%
 The Buckle, Inc. BKE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.77%
 Synovus Financial Corp. SNV Financials  Financials Mid-Cap Value 2.73%
 Webster Financial Corporation WBS Financials  Financials Mid-Cap Value 2.67%
 First American Financial Corporation FAF Financials  Financials Mid-Cap Value 2.63%
 Sibanye Stillwater Ltd. (ADR) SBSW Materials  Materials Mid-Cap Value 2.54%
 M.D.C. Holdings, Inc. MDC Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.35%
 Rent-A-Center, Inc. RCII Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.61%
Total Number of Holdings:    30
Underlying Securities information represented above is as of 06/29/2022 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 May 20, 2022
$0.07500 June 17, 2022
$0.07500 July 20, 2022

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.

Buy & Hold Risk – Taxable Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

COVID-19 Economic Impact Risk. The COVID-19 global pandemic has caused and may continue to cause significant volatility and declines in global financial markets. While the U.S. has resumed "reasonably" normal business activity, many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

Foreign Securities Risk. Securities of non-U.S. issuers are subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting non-U.S. issuers.

Market Disruption Risk. In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain investments as well as performance.

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.

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.