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Dow 30 Buy-Write, 3  Ticker: FTVTAX
 
Description
A unit investment trust that seeks income, with capital appreciation as a secondary objective. The trust invests in a fixed portfolio of U.S. Treasury securities and common stocks included in the Dow Jones Industrials Average (DJIA®). The common stocks will be subject to a Long-Term Equity AnticiPation Securities (LEAPS®) call option against each position.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: DJBW3
Portfolio Status: Secondary
Initial Offer Date: 05/12/2023
Secondary Date: 07/21/2023
Portfolio Ending Date: 01/22/2025
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $10.1319
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/16/2024 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 7/15/2024)
----- $0.22400
^ 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 7.04%
Consumer Discretionary  Consumer Discretionary 10.48%
Consumer Staples  Consumer Staples 12.50%
Energy  Energy 3.25%
Financials  Financials 16.73%
Health Care  Health Care 15.32%
Industrials  Industrials 15.46%
Information Technology  Information Technology 26.98%
Materials  Materials 3.36%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
 
  Large Mid Small  
Growth  69.87% 0.00% 0.00%  
Value  39.54% 1.71% 0.00%  

 Style Weighting
Large-Cap Growth 69.87%
Large-Cap Value 39.54%
Mid-Cap Growth 0.00%
Mid-Cap Value 1.71%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.00%
 Composition
U.S. Stocks 111.12%   Other -11.12%
Non-U.S. Stocks 0.00%      
The style and sector characteristics of the portfolio are determined as of 07/16/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $573,513
Price/Earnings 24.34
Price/Book 4.14
Average Call Moneyness 11.74%
As of 7/16/2024
All market capitalization numbers are in USD$ Millions. Market cap and price ratio statistics are for the equity portion of the fund and exclude cash and options. Moneyness is how much an option contract's strike price is in-the-money (ITM) or out-of-the-money (OTM) expressed as a percentage of the price of the option contract's underlying asset. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 6.10%
 American Express Company AXP Financials  Financials Large-Cap Growth 5.14%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 5.05%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 5.01%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 4.90%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 4.83%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 4.52%
 Honeywell International Inc. HON Industrials  Industrials Large-Cap Growth 4.50%
 JPMorgan Chase & Co. JPM Financials  Financials Large-Cap Value 4.40%
 Walmart Inc. WMT Consumer Staples  Consumer Staples Large-Cap Growth 4.29%
 Intel Corporation INTC Information Technology  Information Technology Large-Cap Value 3.97%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Value 3.85%
 Verizon Communications Inc. VZ Communication Services  Communication Services Large-Cap Value 3.67%
 Visa Inc. (Class A) V Financials  Financials Large-Cap Growth 3.66%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Value 3.55%
 The Goldman Sachs Group, Inc. GS Financials  Financials Large-Cap Value 3.53%
 3M Company MMM Industrials  Industrials Large-Cap Growth 3.53%
 The Coca-Cola Company KO Consumer Staples  Consumer Staples Large-Cap Growth 3.49%
 McDonald's Corporation MCD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.49%
 Salesforce, Inc. CRM Information Technology  Information Technology Large-Cap Value 3.48%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 3.44%
 Merck & Co., Inc. MRK Health Care  Health Care Large-Cap Growth 3.41%
 The Walt Disney Company DIS Communication Services  Communication Services Large-Cap Value 3.37%
 Dow Inc. DOW Materials  Materials Large-Cap Value 3.36%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 3.25%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Value 3.11%
 The Boeing Company BA Industrials  Industrials Large-Cap Growth 2.53%
 NIKE, Inc. (Class B) NKE Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.98%
 Walgreens Boots Alliance, Inc. WBA Consumer Staples  Consumer Staples Mid-Cap Value 1.28%
 Solventum Corporation SOLV Health Care  Health Care Mid-Cap Value 0.43%
 2025-01-17 NIKE, Inc. (Class B) C 150     0.00%
 2025-01-17 McDonald's Corporation C 350     0.00%
 2025-01-17 Walgreens Boots Alliance, Inc. C 37.50     0.00%
 2025-01-17 The Coca-Cola Company C 75     -0.01%
 2025-01-17 Johnson & Johnson C 190     -0.01%
 2025-01-17 Chevron Corporation C 185     -0.03%
 2025-01-17 The Boeing Company C 250     -0.03%
 2025-01-17 The Procter & Gamble Company C 185     -0.03%
 2025-01-17 Dow Inc. C 62.50     -0.05%
 2025-01-17 Cisco Systems, Inc. C 55     -0.05%
 2025-01-17 Merck & Co., Inc. C 140     -0.07%
 2025-01-17 Verizon Communications Inc. C 45     -0.09%
 2025-01-17 The Walt Disney Company C 115     -0.09%
 2025-01-17 UnitedHealth Group Incorporated C 590     -0.14%
 2025-01-17 Visa Inc. (Class A) C 280     -0.16%
 2025-01-17 Honeywell International Inc. C 230     -0.16%
 2025-01-17 3M Company C 120     -0.20%
 2025-01-17 Salesforce, Inc. C 250     -0.39%
 2025-01-17 Intel Corporation C 35     -0.44%
 2025-01-17 The Home Depot, Inc. C 350     -0.50%
 2025-01-17 Walmart Inc. C 61.67     -0.65%
 2025-01-17 Apple Inc. C 210     -0.72%
 2025-01-17 Amgen Inc. C 280     -0.85%
 2025-01-17 The Goldman Sachs Group, Inc. C 390     -0.87%
 2025-01-17 JPMorgan Chase & Co. C 165     -1.06%
 2025-01-17 International Business Machines Corporation C 145     -1.17%
 2025-01-17 Microsoft Corporation C 370     -1.26%
 2025-01-17 Caterpillar Inc. C 250     -1.54%
 2025-01-17 American Express Company C 180     -1.54%
 
Total Number of Holdings:    59
Underlying Securities information represented above is as of 07/16/2024 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.

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.

LEAPS Risk. The value of the LEAPS is deducted from the value of the portfolio assets when determining the value of a unit. As the value of the LEAPS increases, it has a more negative impact on the value of the units. The value of the LEAPS will also be affected by changes in the value and dividend rates of the underlying stocks, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the stocks and the remaining time to expiration. Additionally, the value of the LEAPS does not increase or decrease at the same rate as the underlying stock. However, as the LEAPS approach their expiration date, their value increasingly moves with the price of the stock.

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.

Options Risk. Options are subject to various risks including that their value may be adversely affected if the market for the option becomes less liquid or smaller. In addition, options will be affected by changes in the value and dividend rates of the stock subject to the option, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the common stock and the remaining time to expiration.

US Treasury Note Risk. The value of U.S. Treasury notes will be adversely affected by decreases in bond prices and increases in interest rates.

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.

Additional Risk. For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.

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
30331D280 (Cash)
30331D298 (Cash-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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