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Target Focus Four, 2nd Qtr 2023  Ticker: FBGMYX
 
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: F42Q23
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: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $12.7236
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 06/21/2024 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 6/21/2024)
----- $0.25380
^ 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 0.55%
Consumer Discretionary  Consumer Discretionary 19.69%
Consumer Staples  Consumer Staples 2.49%
Energy  Energy 12.04%
Financials  Financials 22.72%
Health Care  Health Care 0.67%
Industrials  Industrials 13.40%
Information Technology  Information Technology 12.49%
Materials  Materials 7.82%
Real Estate  Real Estate 2.93%
Utilities  Utilities 3.89%
Other  Other 1.31%
 
  Large Mid Small  
Growth  8.96% 9.41% 2.53%  
Value  23.33% 34.68% 19.78%  

 Style Weighting
Large-Cap Growth 8.96%
Large-Cap Value 23.33%
Mid-Cap Growth 9.41%
Mid-Cap Value 34.68%
Small-Cap Growth 2.53%
Small-Cap Value 19.78%
Undetermined 1.31%
 Composition
U.S. Stocks 88.10%   Other 1.31%
Non-U.S. Stocks 10.59%      
The style and sector characteristics of the portfolio are determined as of 06/21/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $26,275
Price/Earnings 11.67
Price/Book 1.33
As of 6/21/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Super Micro Computer, Inc. SMCI Information Technology  Information Technology Large-Cap Growth 5.12%
 United Rentals, Inc. URI Industrials  Industrials Large-Cap Value 4.79%
 Lennar Corporation LEN Consumer Discretionary  Consumer Discretionary Large-Cap Value 4.46%
 Fair Isaac Corporation FICO Information Technology  Information Technology Large-Cap Growth 3.84%
 Toll Brothers, Inc. TOL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.38%
 Steel Dynamics, Inc. STLD Materials  Materials Mid-Cap Value 2.28%
 Unum Group UNM Financials  Financials Mid-Cap Value 2.15%
 Builders FirstSource, Inc. BLDR Industrials  Industrials Mid-Cap Growth 2.10%
 Ulta Beauty, Inc. ULTA Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.04%
 WestRock Company WRK Materials  Materials Mid-Cap Value 1.94%
 Fifth Third Bancorp FITB Financials  Financials Mid-Cap Value 1.61%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.51%
 International Paper Company IP Materials  Materials Mid-Cap Value 1.49%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 1.49%
 Citizens Financial Group, Inc. CFG Financials  Financials Mid-Cap Value 1.39%
 Comerica Incorporated CMA Financials  Financials Mid-Cap Value 1.38%
 F.N.B. Corporation FNB Financials  Financials Small-Cap Value 1.33%
 Truist Financial Corporation TFC Financials  Financials Large-Cap Value 1.32%
 Huntington Bancshares Incorporated HBAN Financials  Financials Mid-Cap Value 1.31%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 1.28%
 Principal Financial Group, Inc. PFG Financials  Financials Mid-Cap Value 1.25%
 e.l.f. Beauty, Inc. ELF Consumer Staples  Consumer Staples Mid-Cap Growth 1.16%
 PPL Corporation PPL Utilities  Utilities Mid-Cap Value 1.13%
 United Bankshares, Inc. UBSI Financials  Financials Small-Cap Value 1.06%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 1.06%
 Crocs, Inc. CROX Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.03%
 Meritage Homes Corporation MTH Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.96%
 Black Hills Corporation BKH Utilities  Utilities Small-Cap Value 0.94%
 Exelon Corporation EXC Utilities  Utilities Large-Cap Value 0.93%
 SkyWest, Inc. SKYW Industrials  Industrials Small-Cap Value 0.91%
 Valley National Bancorp VLY Financials  Financials Small-Cap Value 0.91%
 Avista Corporation AVA Utilities  Utilities Small-Cap Value 0.89%
 Kirby Corporation KEX Industrials  Industrials Mid-Cap Value 0.88%
 Lattice Semiconductor Corporation LSCC Information Technology  Information Technology Mid-Cap Growth 0.86%
 MGIC Investment Corporation MTG Financials  Financials Mid-Cap Value 0.82%
 Tri Pointe Homes, Inc. TPH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.77%
 United States Steel Corporation X Materials  Materials Mid-Cap Value 0.76%
 CNX Resources Corporation CNX Energy  Energy Small-Cap Value 0.76%
 Taylor Morrison Home Corporation TMHC Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.76%
 BellRing Brands, Inc. BRBR Consumer Staples  Consumer Staples Mid-Cap Growth 0.76%
 Ryder System, Inc. R Industrials  Industrials Mid-Cap Value 0.73%
 Essent Group Ltd. ESNT Financials  Financials Mid-Cap Value 0.73%
 Antero Resources Corporation AR Energy  Energy Mid-Cap Value 0.69%
 Azenta Inc. AZTA Health Care  Health Care Small-Cap Value 0.67%
 AAON, Inc. AAON Industrials  Industrials Mid-Cap Growth 0.67%
 Southwestern Energy Company SWN Energy  Energy Mid-Cap Value 0.66%
 Park Hotels & Resorts Inc. PK Real Estate  Real Estate Small-Cap Value 0.63%
 Avnet, Inc. AVT Information Technology  Information Technology Small-Cap Value 0.61%
 Thor Industries, Inc. THO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.60%
 Chord Energy Corporation CHRD Energy  Energy Mid-Cap Value 0.60%
 Installed Building Products, Inc. IBP Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.59%
 HF Sinclair Corp. DINO Energy  Energy Mid-Cap Value 0.59%
 Encore Wire Corporation WIRE Industrials  Industrials Small-Cap Growth 0.58%
 Lithia Motors, Inc. LAD Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.58%
 Starwood Property Trust, Inc. STWD Financials  Financials Mid-Cap Value 0.57%
 The Goodyear Tire & Rubber Company GT Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.56%
 Regal Rexnord Corp RRX Industrials  Industrials Mid-Cap Value 0.56%
 Arrow Electronics, Inc. ARW Information Technology  Information Technology Mid-Cap Value 0.55%
 EPR Properties EPR Real Estate  Real Estate Small-Cap Value 0.55%
 Dorian LPG Ltd. LPG Energy  Energy Small-Cap Value 0.55%
 Realty Income Corporation O Real Estate  Real Estate Large-Cap Value 0.53%
 Asbury Automotive Group, Inc. ABG Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.53%
 PBF Energy Inc. PBF Energy  Energy Mid-Cap Value 0.53%
 Murphy Oil Corporation MUR Energy  Energy Mid-Cap Value 0.52%
 M/I Homes, Inc. MHO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.50%
 Mr. Cooper Group Inc. COOP Financials  Financials Mid-Cap Value 0.50%
 Axcelis Technologies, Inc. ACLS Information Technology  Information Technology Small-Cap Growth 0.48%
 Navient Corporation NAVI Financials  Financials Small-Cap Value 0.47%
 Deutsche Bank AG DB Financials  Financials Large-Cap Value 0.46%
 Cleveland-Cliffs Inc. CLF Materials  Materials Mid-Cap Value 0.45%
 Knight-Swift Transportation Holdings Inc. KNX Industrials  Industrials Mid-Cap Value 0.45%
 Skyline Champion Corporation SKY Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.44%
 Barclays Plc (ADR) BCS Financials  Financials Large-Cap Value 0.43%
 Toyota Motor Corporation TM Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.42%
 ING Groep N.V. (ADR) ING Financials  Financials Large-Cap Value 0.42%
 Manulife Financial Corporation MFC Financials  Financials Large-Cap Value 0.42%
 Banco Bilbao Vizcaya Argentaria, S.A. (ADR) BBVA Financials  Financials Large-Cap Value 0.42%
 Photronics, Inc. PLAB Information Technology  Information Technology Small-Cap Value 0.41%
 American Woodmark Corporation AMWD Industrials  Industrials Small-Cap Value 0.41%
 New York Community Bancorp, Inc. NYCB Financials  Financials Small-Cap Value 0.40%
 Petroleo Brasileiro S.A. - Petrobras (ADR) PBR Energy  Energy Large-Cap Value 0.40%
 Mizuho Financial Group, Inc. (ADR) MFG Financials  Financials Large-Cap Value 0.40%
 Clearwater Paper Corporation CLW Materials  Materials Small-Cap Value 0.40%
 Terex Corporation TEX Industrials  Industrials Small-Cap Growth 0.39%
 ScanSource, Inc. SCSC Information Technology  Information Technology Small-Cap Value 0.39%
 Inter Parfums, Inc. IPAR Consumer Staples  Consumer Staples Small-Cap Growth 0.39%
 Banco Santander S.A. (ADR) SAN Financials  Financials Large-Cap Value 0.38%
 HSBC Holdings Plc (ADR) HSBC Financials  Financials Large-Cap Value 0.38%
 Natwest Group Plc NWG Financials  Financials Large-Cap Value 0.38%
 Radian Group Inc. RDN Financials  Financials Small-Cap Value 0.36%
 Honda Motor Co., Ltd. (ADR) HMC Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.36%
 Lloyds Banking Group Plc (ADR) LYG Financials  Financials Large-Cap Value 0.36%
 Stellantis N.V. STLA Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.36%
 Shell Plc (ADR) SHEL Energy  Energy Large-Cap Value 0.36%
 Suncor Energy Inc. SU Energy  Energy Large-Cap Value 0.35%
 Ecopetrol S.A. (ADR) EC Energy  Energy Mid-Cap Value 0.33%
 Century Communities, Inc. CCS Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.33%
 TotalEnergies SE (ADR) TTE Energy  Energy Large-Cap Value 0.32%
 CoreCivic, Inc. CXW Industrials  Industrials Small-Cap Value 0.32%
 Kimco Realty Corporation KIM Real Estate  Real Estate Mid-Cap Value 0.32%
 OPENLANE Inc. KAR Industrials  Industrials Small-Cap Value 0.32%
 Eni SpA (ADR) E Energy  Energy Large-Cap Value 0.31%
 Telefonica, S.A. (ADR) TEF Communication Services  Communication Services Mid-Cap Value 0.30%
 EZCORP, Inc. EZPW Financials  Financials Small-Cap Value 0.30%
 Genworth Financial, Inc. GNW Financials  Financials Small-Cap Value 0.30%
 Banco Santander Brasil S.A. (ADR) BSBR Financials  Financials Mid-Cap Value 0.30%
 Equinor ASA EQNR Energy  Energy Large-Cap Value 0.29%
 Xenia Hotels & Resorts, Inc. XHR Real Estate  Real Estate Small-Cap Value 0.29%
 Resideo Technologies, Inc. REZI Industrials  Industrials Small-Cap Value 0.29%
 DiamondRock Hospitality Company DRH Real Estate  Real Estate Small-Cap Value 0.27%
 ArcelorMittal (ADR) MT Materials  Materials Mid-Cap Value 0.26%
 Fox Factory Holding Corp. FOXF Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.26%
 The Buckle, Inc. BKE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.25%
 Orange (ADR) ORAN Communication Services  Communication Services Large-Cap Value 0.25%
 Mercer International Inc. MERC Materials  Materials Small-Cap Value 0.24%
 Nokia Corporation (ADR) NOK Information Technology  Information Technology Mid-Cap Value 0.23%
 Civitas Resources, Inc. CIVI Energy  Energy Mid-Cap Value 0.23%
 Summit Hotel Properties, Inc. INN Real Estate  Real Estate Small-Cap Value 0.22%
 Vital Energy Inc. VTLE Energy  Energy Small-Cap Value 0.21%
 Ambac Financial Group, Inc. AMBC Financials  Financials Small-Cap Value 0.21%
 APA Corporation APA Energy  Energy Mid-Cap Growth 0.20%
 Fresh Del Monte Produce Inc. FDP Consumer Staples  Consumer Staples Small-Cap Value 0.18%
 DMC Global Inc. BOOM Energy  Energy Small-Cap Value 0.18%
 Oil States International, Inc. OIS Energy  Energy Small-Cap Value 0.13%
 RE/MAX Holdings, Inc. (Class A) RMAX Real Estate  Real Estate Small-Cap Value 0.12%
 
Total Number of Holdings:    125
Underlying Securities information represented above is as of 06/21/2024 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.

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.

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.

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.

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.

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
30330U440 (Cash)
30330U457 (Reinvest)
30330U465 (Cash-Fee)
30330U473 (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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