International High Dividend Equity, 50  Ticker: FVJACX
 
Description
A unit investment trust that seeks above-average total return through a combination of capital appreciation and dividend income by investing in a portfolio of well-capitalized companies with above-average dividend yields.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: IHDE50
Portfolio Status: Secondary
Initial Offer Date: 07/14/2023
Secondary Date: 10/13/2023
Portfolio Ending Date: 07/14/2025
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.2806
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)
----- $0.46250
^ 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 3.34%
Consumer Discretionary  Consumer Discretionary 10.71%
Consumer Staples  Consumer Staples 12.66%
Energy  Energy 20.83%
Financials  Financials 18.78%
Health Care  Health Care 8.13%
Industrials  Industrials 9.29%
Information Technology  Information Technology 5.51%
Materials  Materials 7.12%
Real Estate  Real Estate 0.00%
Utilities  Utilities 3.49%
Other  Other 0.14%
 
  Large Mid Small  
Growth  4.32% 9.99% 0.00%  
Value  78.35% 7.20% 0.00%  

 Style Weighting
Large-Cap Growth 4.32%
Large-Cap Value 78.35%
Mid-Cap Growth 9.99%
Mid-Cap Value 7.20%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.14%
 Composition
U.S. Stocks 0.00%   Other 0.14%
Non-U.S. Stocks 99.86%      
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 $76,990
Price/Earnings 9.96
Price/Book 1.35
As of 7/18/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 ASE Technology Holding Co., Ltd. ASX Information Technology  Information Technology Mid-Cap Growth 5.51%
 Volvo AB (ADR) VLVLY Industrials  Industrials Large-Cap Value 4.81%
 Canadian Natural Resources Limited CNQ Energy  Energy Large-Cap Value 4.72%
 TotalEnergies SE (ADR) TTE Energy  Energy Large-Cap Value 4.55%
 AXA S.A. (ADR) AXAHY Financials  Financials Large-Cap Value 4.52%
 Komatsu Ltd. (ADR) KMTUY Industrials  Industrials Large-Cap Value 4.48%
 Imperial Brands Plc (ADR) IMBBY Consumer Staples  Consumer Staples Mid-Cap Growth 4.48%
 GSK Plc (ADR) GSK Health Care  Health Care Large-Cap Value 4.38%
 Unilever Plc (ADR) UL Consumer Staples  Consumer Staples Large-Cap Growth 4.32%
 Stellantis N.V. STLA Consumer Discretionary  Consumer Discretionary Large-Cap Value 4.21%
 DBS Group Holdings Ltd. (ADR) DBSDY Financials  Financials Large-Cap Value 4.11%
 Eni SpA (ADR) E Energy  Energy Large-Cap Value 3.93%
 Repsol, S.A. (ADR) REPYY Energy  Energy Mid-Cap Value 3.86%
 British American Tobacco Plc (ADR) BTI Consumer Staples  Consumer Staples Large-Cap Value 3.86%
 BP Plc (ADR) BP Energy  Energy Large-Cap Value 3.77%
 Sanofi (ADR) SNY Health Care  Health Care Large-Cap Value 3.75%
 Rio Tinto Plc (ADR) RIO Materials  Materials Large-Cap Value 3.62%
 BNP Paribas S.A. (ADR) BNPQY Financials  Financials Large-Cap Value 3.53%
 HSBC Holdings Plc (ADR) HSBC Financials  Financials Large-Cap Value 3.51%
 BHP Group Ltd (ADR) BHP Materials  Materials Large-Cap Value 3.50%
 National Grid Plc (ADR) NGG Utilities  Utilities Large-Cap Value 3.49%
 WPP Plc (ADR) WPP Communication Services  Communication Services Mid-Cap Value 3.34%
 Mercedes-Benz Group AG (ADR) MBGYY Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.31%
 Bayerische Motoren Werke AG (ADR) BMWYY Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.19%
 Bank of Montreal BMO Financials  Financials Large-Cap Value 3.11%
 
Total Number of Holdings:    25
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.

Brexit Risk. The United Kingdom's official departure from the European Union (commonly referred to as "Brexit") led to volatility in global financial markets, in particular those of the United Kingdom and across Europe, and the weakening in political, regulatory, consumer, corporate and financial confidence in the United Kingdom and Europe. It is not currently possible to determine the extent of the impact that Brexit may have on the portfolio's investments and this uncertainty could negatively impact current and future economic conditions in the United Kingdom and other countries, which could negatively impact the value of the portfolio's investments.

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.

Europe Concentration Risk. Because the portfolio is concentrated in companies headquartered in Europe, the portfolio may present more risks than a portfolio which is broadly diversified over several regions.

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.

Mid-Cap Risk. An investment in a portfolio containing mid-cap companies is subject to additional risks, as the share prices of 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.

United Kingdom Concentration Risk. Because the portfolio is concentrated in companies headquartered in the United Kingdom, it may present more risks than a portfolio which is broadly diversified over several regions.

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.

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