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Target Dividend Blend, 2nd Qtr 2023  Ticker: FKNYVX
 
Description
A unit investment trust that seeks above-average total return; however, there is no assurance the objective will be met. The stocks in the portfolio are selected by applying pre-determined screens and factors.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: DB2Q23
Portfolio Status: Secondary
Initial Offer Date: 04/10/2023
Secondary Date: 07/10/2023
Portfolio Ending Date: 07/09/2024
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $11.0595
POP(*): $11.2108
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 02/23/2024 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 (as of 2/23/2024) Per Unit (as of 2/20/2024)
3.84% $0.43020
^ 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 4.92%
Consumer Discretionary  Consumer Discretionary 13.22%
Consumer Staples  Consumer Staples 1.97%
Energy  Energy 6.73%
Financials  Financials 22.30%
Health Care  Health Care 3.14%
Industrials  Industrials 18.85%
Information Technology  Information Technology 6.36%
Materials  Materials 11.19%
Real Estate  Real Estate 8.90%
Utilities  Utilities 2.16%
Other  Other 0.26%
 
  Large Mid Small  
Growth  8.70% 16.67% 5.21%  
Value  19.40% 33.23% 16.53%  

 Style Weighting
Large-Cap Growth 8.70%
Large-Cap Value 19.40%
Mid-Cap Growth 16.67%
Mid-Cap Value 33.23%
Small-Cap Growth 5.21%
Small-Cap Value 16.53%
Undetermined 0.26%
 Composition
U.S. Stocks 76.95%   Other 0.26%
Non-U.S. Stocks 22.79%      
The style and sector characteristics of the portfolio are determined as of 02/23/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $29,338
Price/Earnings 11.97
Price/Book 1.69
As of 2/23/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Packaging Corporation of America PKG Materials  Materials Mid-Cap Growth 2.90%
 Williams-Sonoma, Inc. WSM Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.83%
 Fidelity National Financial, Inc. FNF Financials  Financials Mid-Cap Value 2.10%
 East West Bancorp, Inc. EWBC Financials  Financials Mid-Cap Value 2.07%
 Ally Financial Inc. ALLY Financials  Financials Mid-Cap Value 2.05%
 NXP Semiconductors N.V. NXPI Information Technology  Information Technology Large-Cap Growth 2.03%
 Huntington Ingalls Industries, Inc. HII Industrials  Industrials Mid-Cap Value 2.02%
 Jefferies Financial Group Inc. JEF Financials  Financials Mid-Cap Value 1.96%
 Fifth Third Bancorp FITB Financials  Financials Mid-Cap Value 1.88%
 Emerson Electric Co. EMR Industrials  Industrials Large-Cap Value 1.86%
 Dick's Sporting Goods, Inc. DKS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.82%
 Norfolk Southern Corporation NSC Industrials  Industrials Large-Cap Value 1.81%
 QUALCOMM Incorporated QCOM Information Technology  Information Technology Large-Cap Growth 1.78%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Value 1.78%
 Snap-on Incorporated SNA Industrials  Industrials Mid-Cap Value 1.76%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Value 1.72%
 Principal Financial Group, Inc. PFG Financials  Financials Mid-Cap Value 1.61%
 Comcast Corporation (Class A) CMCSA Communication Services  Communication Services Large-Cap Value 1.59%
 Robert Half Inc. RHI Industrials  Industrials Mid-Cap Growth 1.53%
 Prosperity Bancshares, Inc. PB Financials  Financials Mid-Cap Value 1.52%
 First American Financial Corporation FAF Financials  Financials Mid-Cap Value 1.50%
 Franklin Resources, Inc. BEN Financials  Financials Mid-Cap Value 1.48%
 Best Buy Co., Inc. BBY Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.45%
 HP Inc. HPQ Information Technology  Information Technology Large-Cap Growth 1.44%
 M.D.C. Holdings, Inc. MDC Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.41%
 Petroleo Brasileiro S.A. - Petrobras (ADR) PBR Energy  Energy Large-Cap Value 1.39%
 Stellantis N.V. STLA Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.31%
 Dillard's, Inc. (Class A) DDS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.30%
 Polaris Inc. PII Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.30%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 1.30%
 NRG Energy, Inc. NRG Utilities  Utilities Mid-Cap Growth 1.29%
 Viatris Inc. VTRS Health Care  Health Care Mid-Cap Value 1.20%
 Suzano S.A. (ADR) SUZ Materials  Materials Mid-Cap Value 1.19%
 Danaos Corporation DAC Industrials  Industrials Small-Cap Value 1.18%
 Golden Ocean Group Limited GOGL Industrials  Industrials Small-Cap Value 1.16%
 FinVolution Group (ADR) FINV Financials  Financials Small-Cap Value 1.16%
 United Parcel Service, Inc. (Class B) UPS Industrials  Industrials Large-Cap Growth 1.12%
 OneMain Holdings, Inc. OMF Financials  Financials Mid-Cap Value 1.12%
 Victory Capital Holdings, Inc. (Class A) VCTR Financials  Financials Small-Cap Growth 1.12%
 ASE Technology Holding Co., Ltd. ASX Information Technology  Information Technology Mid-Cap Growth 1.11%
 Radian Group Inc. RDN Financials  Financials Small-Cap Value 1.10%
 Arch Resources Inc. ARCH Materials  Materials Small-Cap Growth 1.09%
 General Mills, Inc. GIS Consumer Staples  Consumer Staples Large-Cap Value 1.08%
 Nutrien Ltd. NTR Materials  Materials Large-Cap Value 1.07%
 LCI Industries LCII Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.04%
 Enact Holdings, Inc. ACT Financials  Financials Small-Cap Value 1.03%
 Star Bulk Carriers Corp. SBLK Industrials  Industrials Small-Cap Value 1.00%
 TORM Plc (Class A) TRMD Energy  Energy Small-Cap Value 0.98%
 GSK Plc (ADR) GSK Health Care  Health Care Large-Cap Value 0.97%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 0.97%
 Chord Energy Corporation CHRD Energy  Energy Mid-Cap Value 0.96%
 SK Telecom Co., Ltd. (ADR) SKM Communication Services  Communication Services Mid-Cap Value 0.94%
 Northern Oil and Gas, Inc. NOG Energy  Energy Small-Cap Growth 0.92%
 Eni SpA (ADR) E Energy  Energy Large-Cap Value 0.91%
 Ternium S.A. (ADR) TX Materials  Materials Mid-Cap Value 0.90%
 Dow Inc. DOW Materials  Materials Large-Cap Value 0.90%
 Cal-Maine Foods, Inc. CALM Consumer Staples  Consumer Staples Small-Cap Value 0.89%
 Companhia Energetica de Minas Gerais-CEMIG (ADR) CIG Utilities  Utilities Mid-Cap Value 0.87%
 International Paper Company IP Materials  Materials Mid-Cap Value 0.85%
 Orange (ADR) ORAN Communication Services  Communication Services Large-Cap Value 0.83%
 Telefonica, S.A. (ADR) TEF Communication Services  Communication Services Mid-Cap Value 0.81%
 Crescent Point Energy Corp. CPG Energy  Energy Small-Cap Value 0.81%
 Gerdau S.A. (ADR) GGB Materials  Materials Mid-Cap Value 0.79%
 Vale S.A. (ADR) VALE Materials  Materials Large-Cap Value 0.77%
 Foot Locker, Inc. FL Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.76%
 Civitas Resources, Inc. CIVI Energy  Energy Mid-Cap Value 0.76%
 Sinclair, Inc. SBGI Communication Services  Communication Services Small-Cap Value 0.75%
 Greif, Inc. (Class B) GEF/B Materials  Materials Small-Cap Value 0.73%
 Tanger Inc. SKT Real Estate  Real Estate Small-Cap Growth 0.65%
 Iron Mountain Incorporated IRM Real Estate  Real Estate Mid-Cap Growth 0.64%
 ZIM Integrated Shipping Services Limited ZIM Industrials  Industrials Small-Cap Value 0.61%
 Simon Property Group, Inc. SPG Real Estate  Real Estate Large-Cap Growth 0.60%
 Rithm Capital Corp. RITM Financials  Financials Mid-Cap Value 0.60%
 SITE Centers Corp. SITC Real Estate  Real Estate Small-Cap Value 0.51%
 Omega Healthcare Investors, Inc. OHI Real Estate  Real Estate Mid-Cap Value 0.50%
 Lamar Advertising Company LAMR Real Estate  Real Estate Mid-Cap Growth 0.50%
 EPR Properties EPR Real Estate  Real Estate Small-Cap Value 0.49%
 Weyerhaeuser Company WY Real Estate  Real Estate Mid-Cap Value 0.48%
 Brixmor Property Group Inc. BRX Real Estate  Real Estate Mid-Cap Value 0.48%
 Apple Hospitality REIT, Inc. APLE Real Estate  Real Estate Small-Cap Value 0.46%
 Realty Income Corporation O Real Estate  Real Estate Large-Cap Value 0.44%
 Federal Realty Investment Trust FRT Real Estate  Real Estate Mid-Cap Value 0.44%
 Public Storage PSA Real Estate  Real Estate Large-Cap Growth 0.43%
 LTC Properties, Inc. LTC Real Estate  Real Estate Small-Cap Value 0.41%
 PotlatchDeltic Corporation PCH Real Estate  Real Estate Small-Cap Value 0.40%
 Gaming and Leisure Properties, Inc. GLPI Real Estate  Real Estate Mid-Cap Value 0.39%
 Apartment Income REIT Corp. AIRC Real Estate  Real Estate Small-Cap Growth 0.39%
 Service Properties Trust SVC Real Estate  Real Estate Small-Cap Value 0.35%
 Getty Realty Corp. GTY Real Estate  Real Estate Small-Cap Value 0.34%
 
Total Number of Holdings:    89
Underlying Securities information represented above is as of 02/23/2024 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.

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. 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.

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.

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
30330Q704 (Cash)
30330Q712 (Reinvest)
30330Q720 (Cash-Fee)
30330Q738 (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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