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Target Dividend Triple Play, 4th Qtr 2023  Ticker: FWDBAX
 
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 three 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: D34Q23
Portfolio Status: Secondary
Initial Offer Date: 10/09/2023
Secondary Date: 01/10/2024
Portfolio Ending Date: 01/09/2025
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $11.9366
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/06/2024 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 12/6/2024)
----- $0.28190
^ 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 1.82%
Consumer Discretionary  Consumer Discretionary 8.37%
Consumer Staples  Consumer Staples 12.93%
Energy  Energy 3.97%
Financials  Financials 24.24%
Health Care  Health Care 6.94%
Industrials  Industrials 22.75%
Information Technology  Information Technology 7.28%
Materials  Materials 9.32%
Real Estate  Real Estate 0.00%
Utilities  Utilities 2.09%
Other  Other 0.29%
 
  Large Mid Small  
Growth  25.74% 11.62% 2.55%  
Value  34.23% 24.81% 0.76%  

 Style Weighting
Large-Cap Growth 25.74%
Large-Cap Value 34.23%
Mid-Cap Growth 11.62%
Mid-Cap Value 24.81%
Small-Cap Growth 2.55%
Small-Cap Value 0.76%
Undetermined 0.29%
 Composition
U.S. Stocks 87.67%   Other 0.29%
Non-U.S. Stocks 12.04%      
The style and sector characteristics of the portfolio are determined as of 12/06/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $106,849
Price/Earnings 17.97
Price/Book 2.65
As of 12/6/2024
All market capitalization numbers are in USD$ 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 2.79%
 Aflac Incorporated AFL Financials  Financials Large-Cap Value 2.73%
 Norfolk Southern Corporation NSC Industrials  Industrials Large-Cap Value 2.50%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Value 2.48%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 2.46%
 T. Rowe Price Group, Inc. TROW Financials  Financials Mid-Cap Value 2.37%
 Taiwan Semiconductor Manufacturing Company Ltd. (ADR) TSM Information Technology  Information Technology Large-Cap Growth 2.04%
 Walmart Inc. WMT Consumer Staples  Consumer Staples Large-Cap Growth 1.93%
 Garmin Ltd. GRMN Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.89%
 General Mills, Inc. GIS Consumer Staples  Consumer Staples Large-Cap Value 1.87%
 Dick's Sporting Goods, Inc. DKS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.87%
 Franklin Resources, Inc. BEN Financials  Financials Mid-Cap Value 1.81%
 Fifth Third Bancorp FITB Financials  Financials Large-Cap Value 1.74%
 W.W. Grainger, Inc. GWW Industrials  Industrials Large-Cap Growth 1.71%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 1.70%
 Cincinnati Financial Corporation CINF Financials  Financials Mid-Cap Value 1.64%
 Truist Financial Corporation TFC Financials  Financials Large-Cap Value 1.54%
 Dover Corporation DOV Industrials  Industrials Mid-Cap Growth 1.54%
 Emerson Electric Co. EMR Industrials  Industrials Large-Cap Value 1.51%
 The PNC Financial Services Group, Inc. PNC Financials  Financials Large-Cap Value 1.50%
 Chubb Limited CB Financials  Financials Large-Cap Value 1.49%
 Ryder System, Inc. R Industrials  Industrials Mid-Cap Value 1.49%
 U.S. Bancorp USB Financials  Financials Large-Cap Value 1.45%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Growth 1.45%
 Regions Financial Corporation RF Financials  Financials Mid-Cap Value 1.42%
 Fidelity National Financial, Inc. FNF Financials  Financials Mid-Cap Value 1.40%
 Archer-Daniels-Midland Company ADM Consumer Staples  Consumer Staples Mid-Cap Value 1.38%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 1.38%
 The Travelers Companies, Inc. TRV Financials  Financials Large-Cap Value 1.38%
 State Street Corporation STT Financials  Financials Mid-Cap Value 1.37%
 Ally Financial Inc. ALLY Financials  Financials Mid-Cap Value 1.37%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 1.33%
 Target Corporation TGT Consumer Staples  Consumer Staples Large-Cap Value 1.33%
 QUALCOMM Incorporated QCOM Information Technology  Information Technology Large-Cap Growth 1.30%
 Linde Plc LIN Materials  Materials Large-Cap Growth 1.29%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.24%
 H&R Block, Inc. HRB Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.24%
 HP Inc. HPQ Information Technology  Information Technology Large-Cap Value 1.23%
 Air Products and Chemicals, Inc. APD Materials  Materials Large-Cap Value 1.23%
 Nordson Corporation NDSN Industrials  Industrials Mid-Cap Growth 1.22%
 Snap-on Incorporated SNA Industrials  Industrials Mid-Cap Value 1.20%
 The Kroger Co. KR Consumer Staples  Consumer Staples Large-Cap Value 1.19%
 Best Buy Co., Inc. BBY Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.18%
 Atmos Energy Corporation ATO Utilities  Utilities Mid-Cap Value 1.16%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 1.14%
 Expeditors International of Washington, Inc. EXPD Industrials  Industrials Mid-Cap Growth 1.14%
 Quest Diagnostics Incorporated DGX Health Care  Health Care Mid-Cap Value 1.13%
 Unilever Plc (ADR) UL Consumer Staples  Consumer Staples Large-Cap Growth 1.07%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 1.04%
 Kimberly-Clark Corporation KMB Consumer Staples  Consumer Staples Large-Cap Growth 1.03%
 CME Group Inc. CME Financials  Financials Large-Cap Value 1.03%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Growth 1.00%
 Nucor Corporation NUE Materials  Materials Large-Cap Value 0.96%
 Canadian Natural Resources Limited CNQ Energy  Energy Large-Cap Value 0.96%
 Genuine Parts Company GPC Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.95%
 Bristol-Myers Squibb Company BMY Health Care  Health Care Large-Cap Growth 0.94%
 Otter Tail Corporation OTTR Utilities  Utilities Small-Cap Growth 0.93%
 Hormel Foods Corporation HRL Consumer Staples  Consumer Staples Mid-Cap Value 0.93%
 The Interpublic Group of Companies, Inc. IPG Communication Services  Communication Services Mid-Cap Value 0.93%
 West Pharmaceutical Services, Inc. WST Health Care  Health Care Mid-Cap Growth 0.93%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 0.91%
 Amdocs Limited DOX Information Technology  Information Technology Mid-Cap Value 0.91%
 Comcast Corporation (Class A) CMCSA Communication Services  Communication Services Large-Cap Value 0.89%
 Canadian National Railway Company CNI Industrials  Industrials Large-Cap Growth 0.87%
 Mondelez International, Inc. MDLZ Consumer Staples  Consumer Staples Large-Cap Value 0.87%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 0.86%
 Sonoco Products Company SON Materials  Materials Small-Cap Growth 0.86%
 Ovintiv Inc. OVV Energy  Energy Mid-Cap Value 0.83%
 Skyworks Solutions, Inc. SWKS Information Technology  Information Technology Mid-Cap Value 0.80%
 Sanofi (ADR) SNY Health Care  Health Care Large-Cap Value 0.79%
 MSC Industrial Direct Co., Inc. (Class A) MSM Industrials  Industrials Small-Cap Growth 0.76%
 Huntsman Corporation HUN Materials  Materials Small-Cap Value 0.76%
 Nutrien Ltd. NTR Materials  Materials Mid-Cap Value 0.73%
 United Parcel Service, Inc. (Class B) UPS Industrials  Industrials Large-Cap Growth 0.72%
 Albemarle Corporation ALB Materials  Materials Mid-Cap Value 0.70%
 
Total Number of Holdings:    75
Underlying Securities information represented above is as of 12/06/2024 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.

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.

Public Health Crisis Risk. A public health crisis, and the ensuing policies enacted by governments and central banks in response, could cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects.

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 500 Dividend Aristocrats Index 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 S&P 500 Dividend Aristocrats Index.

"Value Line", "The Value Line Investment Survey", "Timeliness", and "Safety" are trademarks or registered trademarks of Value Line, Inc. ("Value Line") and have been licensed for use for certain purposes by First Trust Portfolios L.P. This product is not sponsored, endorsed, recommended, sold or promoted by Value Line and Value Line makes no representation regarding the advisability of investing in products utilizing such strategy. First Trust Portfolios L.P. is not affiliated with any Value Line company.

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
30332K564 (Cash)
30332K572 (Reinvest)
30332K580 (Cash-Fee)
30332K598 (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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