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Target Dividend Blend, 4th Qtr 2023  Ticker: FZVQEX
 
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 pre-determined screens and factors.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: DB4Q23
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(*): $10.9885
POP(*): $11.1389
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 02/23/2024 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 (as of 2/23/2024) Per Unit (as of 2/23/2024)
4.42% $0.49260
^ 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 and historical 12-month distribution rate 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 distribution rate is calculated by dividing the historical 12-month distributions by the trust's offering price. The historical 12-month distribution and rate are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit and rate 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. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 8.10%
Consumer Discretionary  Consumer Discretionary 11.43%
Consumer Staples  Consumer Staples 2.68%
Energy  Energy 11.02%
Financials  Financials 22.58%
Health Care  Health Care 3.44%
Industrials  Industrials 14.59%
Information Technology  Information Technology 6.10%
Materials  Materials 9.09%
Real Estate  Real Estate 7.49%
Utilities  Utilities 3.25%
Other  Other 0.23%
 
  Large Mid Small  
Growth  7.86% 8.69% 8.49%  
Value  21.68% 33.82% 19.23%  

 Style Weighting
Large-Cap Growth 7.86%
Large-Cap Value 21.68%
Mid-Cap Growth 8.69%
Mid-Cap Value 33.82%
Small-Cap Growth 8.49%
Small-Cap Value 19.23%
Undetermined 0.23%
 Composition
U.S. Stocks 76.84%   Other 0.23%
Non-U.S. Stocks 22.93%      
The style and sector characteristics of the portfolio are determined as of 02/23/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $30,116
Price/Earnings 8.69
Price/Book 1.52
As of 2/23/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Dick's Sporting Goods, Inc. DKS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.50%
 Ally Financial Inc. ALLY Financials  Financials Mid-Cap Value 2.10%
 QUALCOMM Incorporated QCOM Information Technology  Information Technology Large-Cap Growth 2.08%
 Fifth Third Bancorp FITB Financials  Financials Mid-Cap Value 2.01%
 Norfolk Southern Corporation NSC Industrials  Industrials Large-Cap Value 1.94%
 Truist Financial Corporation TFC Financials  Financials Large-Cap Value 1.89%
 U.S. Bancorp USB Financials  Financials Large-Cap Value 1.88%
 Fidelity National Financial, Inc. FNF Financials  Financials Mid-Cap Value 1.85%
 The PNC Financial Services Group, Inc. PNC Financials  Financials Large-Cap Value 1.80%
 H&R Block, Inc. HRB Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.71%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Value 1.70%
 Packaging Corporation of America PKG Materials  Materials Mid-Cap Growth 1.69%
 The Interpublic Group of Companies, Inc. IPG Communication Services  Communication Services Mid-Cap Value 1.66%
 State Street Corporation STT Financials  Financials Mid-Cap Value 1.66%
 Franklin Resources, Inc. BEN Financials  Financials Mid-Cap Value 1.65%
 Ryder System, Inc. R Industrials  Industrials Mid-Cap Value 1.65%
 Best Buy Co., Inc. BBY Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.64%
 Huntsman Corporation HUN Materials  Materials Small-Cap Value 1.64%
 HP Inc. HPQ Information Technology  Information Technology Large-Cap Growth 1.63%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 1.62%
 Regions Financial Corporation RF Financials  Financials Mid-Cap Value 1.61%
 Canadian Natural Resources Limited CNQ Energy  Energy Large-Cap Value 1.57%
 Skyworks Solutions, Inc. SWKS Information Technology  Information Technology Mid-Cap Value 1.56%
 General Mills, Inc. GIS Consumer Staples  Consumer Staples Large-Cap Value 1.54%
 Ovintiv Inc. OVV Energy  Energy Mid-Cap Value 1.53%
 Atmos Energy Corporation ATO Utilities  Utilities Mid-Cap Value 1.51%
 United Parcel Service, Inc. (Class B) UPS Industrials  Industrials Large-Cap Growth 1.43%
 Comcast Corporation (Class A) CMCSA Communication Services  Communication Services Large-Cap Value 1.41%
 Nutrien Ltd. NTR Materials  Materials Large-Cap Value 1.31%
 Textainer Group Holdings Limited TGH Industrials  Industrials Small-Cap Value 1.23%
 Stellantis N.V. STLA Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.22%
 Viatris Inc. VTRS Health Care  Health Care Mid-Cap Value 1.22%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 1.20%
 Phillips 66 PSX Energy  Energy Large-Cap Value 1.18%
 The Buckle, Inc. BKE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.15%
 Dillard's, Inc. (Class A) DDS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.15%
 Cal-Maine Foods, Inc. CALM Consumer Staples  Consumer Staples Small-Cap Value 1.14%
 Cogent Communications Holdings, Inc. CCOI Communication Services  Communication Services Small-Cap Growth 1.14%
 Boise Cascade Company BCC Industrials  Industrials Mid-Cap Value 1.11%
 Petroleo Brasileiro S.A. - Petrobras (ADR) PBR Energy  Energy Large-Cap Value 1.10%
 TIM S.A. (ADR) TIMB Communication Services  Communication Services Mid-Cap Value 1.09%
 TORM Plc (Class A) TRMD Energy  Energy Small-Cap Value 1.09%
 Frontline Plc FRO Energy  Energy Mid-Cap Value 1.07%
 Star Bulk Carriers Corp. SBLK Industrials  Industrials Small-Cap Value 1.06%
 Costamare Inc. CMRE Industrials  Industrials Small-Cap Value 1.06%
 GUESS?, Inc. GES Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.05%
 International Seaways, Inc. INSW Energy  Energy Small-Cap Value 1.05%
 KT Corporation (ADR) KT Communication Services  Communication Services Mid-Cap Value 1.04%
 GSK Plc (ADR) GSK Health Care  Health Care Large-Cap Value 1.02%
 Bloomin' Brands, Inc. BLMN Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.01%
 Arch Resources Inc. ARCH Materials  Materials Small-Cap Growth 0.99%
 SK Telecom Co., Ltd. (ADR) SKM Communication Services  Communication Services Mid-Cap Value 0.98%
 Danaos Corporation DAC Industrials  Industrials Small-Cap Value 0.98%
 FinVolution Group (ADR) FINV Financials  Financials Small-Cap Value 0.96%
 Chord Energy Corporation CHRD Energy  Energy Mid-Cap Value 0.94%
 Vale S.A. (ADR) VALE Materials  Materials Large-Cap Value 0.92%
 Radian Group Inc. RDN Financials  Financials Small-Cap Value 0.91%
 Enel Chile S.A. (ADR) ENIC Utilities  Utilities Small-Cap Value 0.90%
 International Paper Company IP Materials  Materials Mid-Cap Value 0.87%
 The Western Union Company WU Financials  Financials Small-Cap Growth 0.86%
 Gerdau S.A. (ADR) GGB Materials  Materials Mid-Cap Value 0.85%
 National Fuel Gas Company NFG Utilities  Utilities Small-Cap Value 0.84%
 Enact Holdings, Inc. ACT Financials  Financials Small-Cap Value 0.84%
 Himax Technologies, Inc. (ADR) HIMX Information Technology  Information Technology Small-Cap Value 0.83%
 ICL Group Ltd. ICL Materials  Materials Mid-Cap Value 0.82%
 AGCO Corporation AGCO Industrials  Industrials Mid-Cap Value 0.81%
 Northern Oil and Gas, Inc. NOG Energy  Energy Small-Cap Growth 0.80%
 Vodafone Group Plc (ADR) VOD Communication Services  Communication Services Mid-Cap Value 0.78%
 CONSOL Energy Inc. CEIX Energy  Energy Small-Cap Value 0.69%
 Simon Property Group, Inc. SPG Real Estate  Real Estate Large-Cap Growth 0.64%
 Host Hotels & Resorts, Inc. HST Real Estate  Real Estate Mid-Cap Value 0.55%
 Tanger Inc. SKT Real Estate  Real Estate Small-Cap Growth 0.55%
 Innovative Industrial Properties, Inc. IIPR Real Estate  Real Estate Small-Cap Value 0.53%
 Boston Properties, Inc. BXP Real Estate  Real Estate Mid-Cap Value 0.52%
 SITE Centers Corp. SITC Real Estate  Real Estate Small-Cap Value 0.51%
 Rithm Capital Corp. RITM Financials  Financials Mid-Cap Value 0.51%
 National Health Investors, Inc. NHI Real Estate  Real Estate Small-Cap Growth 0.49%
 Brixmor Property Group Inc. BRX Real Estate  Real Estate Mid-Cap Value 0.49%
 AvalonBay Communities, Inc. AVB Real Estate  Real Estate Mid-Cap Value 0.47%
 Federal Realty Investment Trust FRT Real Estate  Real Estate Mid-Cap Value 0.47%
 Ladder Capital Corp (Class A) LADR Financials  Financials Small-Cap Value 0.47%
 Apple Hospitality REIT, Inc. APLE Real Estate  Real Estate Small-Cap Value 0.47%
 Public Storage PSA Real Estate  Real Estate Large-Cap Growth 0.46%
 COPT Defense Properties CDP Real Estate  Real Estate Small-Cap Value 0.45%
 Apartment Income REIT Corp. AIRC Real Estate  Real Estate Small-Cap Growth 0.45%
 Gaming and Leisure Properties, Inc. GLPI Real Estate  Real Estate Mid-Cap Value 0.44%
 Franklin BSP Realty Trust, Inc. FBRT Financials  Financials Small-Cap Value 0.42%
 Arbor Realty Trust, Inc. ABR Financials  Financials Small-Cap Value 0.41%
 Ready Capital Corporation RC Financials  Financials Small-Cap Value 0.40%
 New York Community Bancorp, Inc. NYCB Financials  Financials Small-Cap Value 0.35%
 
Total Number of Holdings:    90
Underlying Securities information represented above is as of 02/23/2024 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 January 19, 2024
$0.04500 February 20, 2024
$0.04500 March 20, 2024

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.

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.

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.

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
30332K606 (Cash)
30332K614 (Reinvest)
30332K622 (Cash-Fee)
30332K630 (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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