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High Dividend Equity Allocation, 46  Ticker: FJTZZX
 
Description
A unit investment trust that seeks above-average total return through a combination of capital appreciation and dividend income by investing in a broad range of companies that we believe have shown a solid history of distributing dividends to shareholders.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: HDEA46
Portfolio Status: Secondary
Initial Offer Date: 03/15/2023
Secondary Date: 06/09/2023
Portfolio Ending Date: 03/14/2025
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.8156
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 04/19/2024 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  Per Unit (as of 4/15/2024)
----- $0.41490
^ 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 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 distributions are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit 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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 6.25%
Consumer Discretionary  Consumer Discretionary 10.78%
Consumer Staples  Consumer Staples 9.47%
Energy  Energy 13.93%
Financials  Financials 16.78%
Health Care  Health Care 8.63%
Industrials  Industrials 10.70%
Information Technology  Information Technology 8.32%
Materials  Materials 7.99%
Real Estate  Real Estate 0.00%
Utilities  Utilities 6.92%
Other  Other 0.23%
 
  Large Mid Small  
Growth  6.17% 18.72% 3.63%  
Value  44.64% 23.98% 2.63%  

 Style Weighting
Large-Cap Growth 6.17%
Large-Cap Value 44.64%
Mid-Cap Growth 18.72%
Mid-Cap Value 23.98%
Small-Cap Growth 3.63%
Small-Cap Value 2.63%
Undetermined 0.23%
 Composition
U.S. Stocks 56.30%   Other 0.23%
Non-U.S. Stocks 43.47%      
The style and sector characteristics of the portfolio are determined as of 04/18/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $69,164
Price/Earnings 11.10
Price/Book 1.86
As of 4/18/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 NRG Energy, Inc. NRG Utilities  Utilities Mid-Cap Growth 2.93%
 NetApp, Inc. NTAP Information Technology  Information Technology Mid-Cap Growth 2.14%
 PACCAR Inc PCAR Industrials  Industrials Large-Cap Value 2.03%
 Stellantis N.V. STLA Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.91%
 Canadian Natural Resources Limited CNQ Energy  Energy Large-Cap Value 1.87%
 ASE Technology Holding Co., Ltd. ASX Information Technology  Information Technology Mid-Cap Growth 1.81%
 Packaging Corporation of America PKG Materials  Materials Mid-Cap Growth 1.80%
 Pioneer Natural Resources Company PXD Energy  Energy Large-Cap Value 1.75%
 Dick's Sporting Goods, Inc. DKS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.74%
 Volvo AB (ADR) VLVLY Industrials  Industrials Large-Cap Value 1.73%
 H&R Block, Inc. HRB Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.72%
 Coca-Cola FEMSA, S.A.B. de C.V. (ADR) KOF Consumer Staples  Consumer Staples Mid-Cap Value 1.61%
 Companhia Energetica de Minas Gerais-CEMIG (ADR) CIG Utilities  Utilities Mid-Cap Value 1.59%
 Hewlett Packard Enterprise Company HPE Information Technology  Information Technology Mid-Cap Value 1.58%
 Allianz SE (ADR) ALIZY Financials  Financials Large-Cap Value 1.58%
 AXA S.A. (ADR) AXAHY Financials  Financials Large-Cap Value 1.57%
 TotalEnergies SE (ADR) TTE Energy  Energy Large-Cap Value 1.56%
 Shell Plc (ADR) SHEL Energy  Energy Large-Cap Value 1.56%
 GSK Plc (ADR) GSK Health Care  Health Care Large-Cap Value 1.52%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 1.52%
 JBS S.A. (ADR) JBSAY Consumer Staples  Consumer Staples Mid-Cap Value 1.51%
 Juniper Networks, Inc. JNPR Information Technology  Information Technology Mid-Cap Value 1.50%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 1.48%
 MSC Industrial Direct Co., Inc. (Class A) MSM Industrials  Industrials Mid-Cap Growth 1.47%
 Comcast Corporation (Class A) CMCSA Communication Services  Communication Services Large-Cap Value 1.46%
 DBS Group Holdings Ltd. (ADR) DBSDY Financials  Financials Large-Cap Value 1.46%
 BNP Paribas S.A. (ADR) BNPQY Financials  Financials Large-Cap Value 1.46%
 Synovus Financial Corp. SNV Financials  Financials Mid-Cap Value 1.45%
 Civitas Resources, Inc. CIVI Energy  Energy Mid-Cap Value 1.45%
 Bayerische Motoren Werke AG (ADR) BMWYY Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.44%
 Dow Inc. DOW Materials  Materials Large-Cap Value 1.41%
 Snap-on Incorporated SNA Industrials  Industrials Mid-Cap Value 1.40%
 Devon Energy Corporation DVN Energy  Energy Large-Cap Value 1.38%
 U.S. Bancorp USB Financials  Financials Large-Cap Value 1.38%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 1.37%
 Repsol, S.A. (ADR) REPYY Energy  Energy Mid-Cap Value 1.36%
 Omnicom Group Inc. OMC Communication Services  Communication Services Mid-Cap Growth 1.36%
 Darden Restaurants, Inc. DRI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.36%
 Bank of Montreal BMO Financials  Financials Large-Cap Value 1.35%
 Banco de Chile (ADR) BCH Financials  Financials Mid-Cap Value 1.34%
 F.N.B. Corporation FNB Financials  Financials Small-Cap Value 1.33%
 Mercedes-Benz Group AG (ADR) MBGYY Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.33%
 Bunge Global S.A. BG Consumer Staples  Consumer Staples Mid-Cap Value 1.33%
 Regions Financial Corporation RF Financials  Financials Mid-Cap Value 1.31%
 The Coca-Cola Company KO Consumer Staples  Consumer Staples Large-Cap Growth 1.30%
 Greif, Inc. GEF Materials  Materials Small-Cap Value 1.30%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Value 1.29%
 Patterson Companies, Inc. PDCO Health Care  Health Care Small-Cap Growth 1.29%
 Morgan Stanley MS Financials  Financials Large-Cap Value 1.29%
 PLDT Inc. (ADR) PHI Communication Services  Communication Services Small-Cap Growth 1.28%
 Tapestry, Inc. TPR Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.28%
 Rio Tinto Plc (ADR) RIO Materials  Materials Large-Cap Value 1.27%
 The Toronto-Dominion Bank TD Financials  Financials Large-Cap Value 1.26%
 Philip Morris International Inc. PM Consumer Staples  Consumer Staples Large-Cap Growth 1.25%
 BHP Group Ltd (ADR) BHP Materials  Materials Large-Cap Value 1.24%
 Sanofi (ADR) SNY Health Care  Health Care Large-Cap Value 1.24%
 Imperial Brands Plc (ADR) IMBBY Consumer Staples  Consumer Staples Mid-Cap Value 1.24%
 Unilever Plc (ADR) UL Consumer Staples  Consumer Staples Large-Cap Growth 1.23%
 OGE Energy Corp. OGE Utilities  Utilities Mid-Cap Value 1.22%
 CVS Health Corporation CVS Health Care  Health Care Large-Cap Value 1.20%
 American Electric Power Company, Inc. AEP Utilities  Utilities Large-Cap Value 1.18%
 AGCO Corporation AGCO Industrials  Industrials Mid-Cap Value 1.18%
 The Interpublic Group of Companies, Inc. IPG Communication Services  Communication Services Mid-Cap Value 1.17%
 Grupo Aeroportuario del Pacifico S.A.B. de C.V. (ADR) PAC Industrials  Industrials Mid-Cap Growth 1.11%
 Organon & Co. OGN Health Care  Health Care Small-Cap Growth 1.06%
 United Parcel Service, Inc. (Class B) UPS Industrials  Industrials Large-Cap Growth 1.02%
 PT Telekomunikasi Indonesia (ADR) TLK Communication Services  Communication Services Mid-Cap Value 0.98%
 Vale S.A. (ADR) VALE Materials  Materials Large-Cap Value 0.97%
 Bristol-Myers Squibb Company BMY Health Care  Health Care Large-Cap Value 0.95%
 Sociedad Quimica y Minera de Chile S.A. (ADR) SQM Industrials  Industrials Mid-Cap Value 0.76%
 
Total Number of Holdings:    70
Underlying Securities information represented above is as of 04/18/2024 but will vary with future fluctuations in the market.

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.

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 ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

Emerging Markets Risk. Risks associated with investing in non-U.S. securities may be more pronounced in emerging and developing markets where the securities markets are substantially smaller, less developed, less liquid, less regulated, and more volatile than the U.S. and developed non-U.S. markets.

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.

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.

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

Market Disruption Risk. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East 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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30330Q167 (Cash)
30330Q175 (Reinvest)
30330Q183 (Cash-Fee)
30330Q191 (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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