Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 

S&P Target SMid 60, 3rd Qtr 2023  Ticker: FVIVYX
 
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 a disciplined investment strategy which adheres to pre-determined screens and factors.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: 603Q23
Portfolio Status: Secondary
Initial Offer Date: 07/10/2023
Secondary Date: 10/09/2023
Portfolio Ending Date: 10/09/2024
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $11.9343
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/18/2024 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)
----- $0.25460
^ 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 3.15%
Consumer Discretionary  Consumer Discretionary 11.64%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 21.57%
Financials  Financials 37.44%
Health Care  Health Care 0.00%
Industrials  Industrials 9.22%
Information Technology  Information Technology 3.34%
Materials  Materials 1.35%
Real Estate  Real Estate 12.02%
Utilities  Utilities 0.00%
Other  Other 0.27%
 
  Large Mid Small  
Growth  0.00% 0.88% 0.00%  
Value  0.00% 47.67% 51.18%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 0.88%
Mid-Cap Value 47.67%
Small-Cap Growth 0.00%
Small-Cap Value 51.18%
Undetermined 0.27%
 Composition
U.S. Stocks 99.73%   Other 0.27%
Non-U.S. Stocks 0.00%      
The style and sector characteristics of the portfolio are determined as of 07/18/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $5,249
Price/Earnings 9.62
Price/Book 1.11
As of 7/18/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Toll Brothers, Inc. TOL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 3.04%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.90%
 Cadence Bank CADE Financials  Financials Mid-Cap Value 2.90%
 Ryder System, Inc. R Industrials  Industrials Mid-Cap Value 2.80%
 MGIC Investment Corporation MTG Financials  Financials Mid-Cap Value 2.69%
 East West Bancorp, Inc. EWBC Financials  Financials Mid-Cap Value 2.68%
 Synovus Financial Corp. SNV Financials  Financials Mid-Cap Value 2.63%
 International Bancshares Corporation IBOC Financials  Financials Small-Cap Value 2.62%
 CNX Resources Corporation CNX Energy  Energy Small-Cap Value 2.61%
 Old National Bancorp ONB Financials  Financials Mid-Cap Value 2.51%
 Taylor Morrison Home Corporation TMHC Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.46%
 Hancock Whitney Corporation HWC Financials  Financials Small-Cap Value 2.41%
 Antero Resources Corporation AR Energy  Energy Mid-Cap Value 2.37%
 Webster Financial Corporation WBS Financials  Financials Mid-Cap Value 2.27%
 Ovintiv Inc. OVV Energy  Energy Mid-Cap Value 2.26%
 Texas Capital Bancshares, Inc. TCBI Financials  Financials Small-Cap Value 2.25%
 CNO Financial Group, Inc. CNO Financials  Financials Small-Cap Value 2.25%
 The GEO Group, Inc. GEO Industrials  Industrials Small-Cap Value 2.09%
 Chord Energy Corporation CHRD Energy  Energy Mid-Cap Value 2.07%
 Southwestern Energy Company SWN Energy  Energy Mid-Cap Value 2.04%
 Murphy Oil Corporation MUR Energy  Energy Mid-Cap Value 2.00%
 Bank OZK OZK Financials  Financials Mid-Cap Value 2.00%
 Park Hotels & Resorts Inc. PK Real Estate  Real Estate Small-Cap Value 1.98%
 Unum Group UNM Financials  Financials Mid-Cap Value 1.95%
 Avnet, Inc. AVT Information Technology  Information Technology Small-Cap Value 1.91%
 HF Sinclair Corp. DINO Energy  Energy Mid-Cap Value 1.90%
 Kite Realty Group Trust KRG Real Estate  Real Estate Mid-Cap Value 1.86%
 SkyWest, Inc. SKYW Industrials  Industrials Small-Cap Value 1.84%
 TEGNA Inc. TGNA Communication Services  Communication Services Small-Cap Value 1.74%
 Customers Bancorp, Inc. CUBI Financials  Financials Small-Cap Value 1.72%
 PBF Energy Inc. PBF Energy  Energy Small-Cap Value 1.70%
 The Goodyear Tire & Rubber Company GT Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.63%
 M/I Homes, Inc. MHO Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.61%
 Benchmark Electronics, Inc. BHE Information Technology  Information Technology Small-Cap Value 1.43%
 Bread Financial Holdings Inc. BFH Financials  Financials Small-Cap Value 1.43%
 CoreCivic, Inc. CXW Industrials  Industrials Small-Cap Value 1.39%
 Clearwater Paper Corporation CLW Materials  Materials Small-Cap Value 1.35%
 Radian Group Inc. RDN Financials  Financials Mid-Cap Value 1.25%
 Bristow Group Inc. VTOL Energy  Energy Small-Cap Value 1.13%
 OPENLANE Inc. KAR Industrials  Industrials Small-Cap Value 1.10%
 Kimco Realty Corporation KIM Real Estate  Real Estate Mid-Cap Value 1.09%
 Consolidated Communications Holdings, Inc. CNSL Communication Services  Communication Services Small-Cap Value 1.08%
 Douglas Emmett, Inc. DEI Real Estate  Real Estate Small-Cap Value 1.01%
 Xenia Hotels & Resorts, Inc. XHR Real Estate  Real Estate Small-Cap Value 1.01%
 JBG Smith Properties JBGS Real Estate  Real Estate Small-Cap Value 0.95%
 Brandywine Realty Trust BDN Real Estate  Real Estate Small-Cap Value 0.93%
 Vital Energy Inc. VTLE Energy  Energy Small-Cap Value 0.92%
 ProPetro Holding Corp. PUMP Energy  Energy Small-Cap Value 0.92%
 DiamondRock Hospitality Company DRH Real Estate  Real Estate Small-Cap Value 0.91%
 Apollo Commercial Real Estate Finance, Inc. ARI Financials  Financials Small-Cap Value 0.88%
 APA Corporation APA Energy  Energy Mid-Cap Growth 0.88%
 Franklin BSP Realty Trust, Inc. FBRT Financials  Financials Small-Cap Value 0.88%
 Pebblebrook Hotel Trust PEB Real Estate  Real Estate Small-Cap Value 0.86%
 Summit Hotel Properties, Inc. INN Real Estate  Real Estate Small-Cap Value 0.81%
 Ambac Financial Group, Inc. AMBC Financials  Financials Small-Cap Value 0.79%
 Talos Energy Inc. TALO Energy  Energy Small-Cap Value 0.77%
 Navient Corporation NAVI Financials  Financials Small-Cap Value 0.75%
 Service Properties Trust SVC Real Estate  Real Estate Small-Cap Value 0.61%
 New York Community Bancorp, Inc. NYCB Financials  Financials Small-Cap Value 0.58%
 The E.W. Scripps Company SSP Communication Services  Communication Services Small-Cap Value 0.33%
 
Total Number of Holdings:    60
Underlying Securities information represented above is as of 07/18/2024 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.

Consumer Products Risk. The companies engaged in the consumer products sector are subject to global competition, changing government regulations and trade policies, currency fluctuations, and the financial and political risks inherent in producing products for foreign markets.

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.

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.

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 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
30331L308 (Cash)
30331L316 (Reinvest)
30331L324 (Cash-Fee)
30331L332 (Reinvest-Fee)
Printer Friendly Page Printer Friendly Page

 
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.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.