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Market Strength Allocation Opportunity, 28  Ticker: FNPJVX
 
Description
A unit investment trust that seeks to provide above-average capital appreciation by investing in a diversified portfolio of common stocks of companies that exhibit financial strength from five distinct segments of the market.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: MSAO28
Portfolio Status: Secondary
Initial Offer Date: 11/29/2023
Secondary Date: 02/26/2024
Portfolio Ending Date: 03/03/2025
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $11.3949
POP(*): $11.5509
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 02/29/2024 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 2/29/2024) Per Unit (as of 2/26/2024)
1.51% $0.17480
^ 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 5.11%
Consumer Discretionary  Consumer Discretionary 11.01%
Consumer Staples  Consumer Staples 10.30%
Energy  Energy 8.18%
Financials  Financials 7.81%
Health Care  Health Care 11.59%
Industrials  Industrials 19.21%
Information Technology  Information Technology 22.09%
Materials  Materials 4.42%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.28%
 
  Large Mid Small  
Growth  38.99% 13.79% 2.64%  
Value  33.35% 10.95% 0.00%  

 Style Weighting
Large-Cap Growth 38.99%
Large-Cap Value 33.35%
Mid-Cap Growth 13.79%
Mid-Cap Value 10.95%
Small-Cap Growth 2.64%
Small-Cap Value 0.00%
Undetermined 0.28%
 Composition
U.S. Stocks 67.74%   Other 0.28%
Non-U.S. Stocks 31.98%      
The style and sector characteristics of the portfolio are determined as of 02/29/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $207,636
Price/Earnings 14.26
Price/Book 2.76
As of 2/29/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Super Micro Computer, Inc. SMCI Information Technology  Information Technology Large-Cap Growth 2.56%
 e.l.f. Beauty, Inc. ELF Consumer Staples  Consumer Staples Mid-Cap Growth 1.51%
 Installed Building Products, Inc. IBP Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.41%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 1.40%
 EMCOR Group, Inc. EME Industrials  Industrials Mid-Cap Growth 1.25%
 Meta Platforms Inc. (Class A) META Communication Services  Communication Services Large-Cap Growth 1.23%
 Deckers Outdoor Corporation DECK Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.19%
 TopBuild Corp. BLD Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.19%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 1.16%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 1.15%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 1.14%
 Hubbell Incorporated HUBB Industrials  Industrials Mid-Cap Growth 1.13%
 Taiwan Semiconductor Manufacturing Company Ltd. (ADR) TSM Information Technology  Information Technology Large-Cap Value 1.12%
 Fabrinet FN Information Technology  Information Technology Mid-Cap Growth 1.12%
 Eaton Corporation Plc ETN Industrials  Industrials Large-Cap Growth 1.11%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 1.11%
 Encore Wire Corporation WIRE Industrials  Industrials Small-Cap Growth 1.11%
 Evercore Inc. EVR Financials  Financials Mid-Cap Growth 1.11%
 Arista Networks, Inc. ANET Information Technology  Information Technology Large-Cap Growth 1.11%
 Costco Wholesale Corporation COST Consumer Staples  Consumer Staples Large-Cap Growth 1.10%
 Mueller Industries, Inc. MLI Industrials  Industrials Mid-Cap Value 1.09%
 Tractor Supply Company TSCO Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.09%
 Ferguson Plc FERG Industrials  Industrials Large-Cap Growth 1.09%
 Schneider Electric SE (ADR) SBGSY Industrials  Industrials Large-Cap Value 1.08%
 Mercedes-Benz Group AG (ADR) MBGYY Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.08%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.07%
 QUALCOMM Incorporated QCOM Information Technology  Information Technology Large-Cap Growth 1.07%
 Netflix, Inc. NFLX Communication Services  Communication Services Large-Cap Growth 1.07%
 NXP Semiconductors N.V. NXPI Information Technology  Information Technology Large-Cap Growth 1.07%
 LVMH Moet Hennessy Louis Vuitton SE (ADR) LVMUY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.06%
 Reliance Inc. RS Materials  Materials Mid-Cap Value 1.05%
 Applied Industrial Technologies, Inc. AIT Industrials  Industrials Mid-Cap Growth 1.04%
 Nintendo Co., Ltd. (ADR) NTDOY Communication Services  Communication Services Large-Cap Value 1.04%
 Stryker Corporation SYK Health Care  Health Care Large-Cap Growth 1.03%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Value 1.03%
 Phillips 66 PSX Energy  Energy Large-Cap Value 1.03%
 Diamondback Energy, Inc. FANG Energy  Energy Large-Cap Value 1.03%
 Volvo AB (ADR) VLVLY Industrials  Industrials Large-Cap Value 1.03%
 D.R. Horton, Inc. DHI Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.02%
 BAE Systems Plc (ADR) BAESY Industrials  Industrials Large-Cap Value 1.02%
 Raymond James Financial, Inc. RJF Financials  Financials Large-Cap Value 1.01%
 Steel Dynamics, Inc. STLD Materials  Materials Mid-Cap Value 1.01%
 Novo Nordisk A/S (ADR) NVO Health Care  Health Care Large-Cap Growth 1.01%
 Cencora Inc. COR Health Care  Health Care Large-Cap Growth 1.01%
 PT Bank Mandiri (Persero) Tbk (ADR) PPERY Financials  Financials Large-Cap Value 1.01%
 Regeneron Pharmaceuticals, Inc. REGN Health Care  Health Care Large-Cap Value 1.00%
 Regions Financial Corporation RF Financials  Financials Mid-Cap Value 1.00%
 CGI Inc. GIB Information Technology  Information Technology Large-Cap Value 0.99%
 The Cigna Group CI Health Care  Health Care Large-Cap Value 0.99%
 Coca-Cola FEMSA, S.A.B. de C.V. (ADR) KOF Consumer Staples  Consumer Staples Mid-Cap Value 0.98%
 Mastercard Incorporated MA Financials  Financials Large-Cap Growth 0.98%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Value 0.97%
 Infosys Limited (ADR) INFY Information Technology  Information Technology Large-Cap Growth 0.97%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 0.96%
 TE Connectivity Ltd. TEL Information Technology  Information Technology Large-Cap Value 0.96%
 Visa Inc. (Class A) V Financials  Financials Large-Cap Growth 0.96%
 Palo Alto Networks, Inc. PANW Information Technology  Information Technology Large-Cap Growth 0.96%
 Grupo Financiero Banorte, S.A.B. de C.V. (ADR) GBOOY Financials  Financials Large-Cap Growth 0.96%
 Genuine Parts Company GPC Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.95%
 Casey's General Stores, Inc. CASY Consumer Staples  Consumer Staples Mid-Cap Growth 0.95%
 The TJX Companies, Inc. TJX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.95%
 Jabil Inc. JBL Information Technology  Information Technology Mid-Cap Growth 0.94%
 Accenture Plc ACN Information Technology  Information Technology Large-Cap Growth 0.94%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 0.92%
 Canadian Natural Resources Limited CNQ Energy  Energy Large-Cap Value 0.92%
 UFP Industries Inc. UFPI Industrials  Industrials Mid-Cap Value 0.90%
 Copart, Inc. CPRT Industrials  Industrials Large-Cap Growth 0.90%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 0.90%
 PT Telekomunikasi Indonesia (ADR) TLK Communication Services  Communication Services Large-Cap Value 0.90%
 Elevance Health Inc. ELV Health Care  Health Care Large-Cap Value 0.89%
 Unilever Plc (ADR) UL Consumer Staples  Consumer Staples Large-Cap Growth 0.88%
 Microchip Technology Incorporated MCHP Information Technology  Information Technology Large-Cap Growth 0.88%
 Mondelez International, Inc. MDLZ Consumer Staples  Consumer Staples Large-Cap Value 0.88%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 0.87%
 AstraZeneca Plc (ADR) AZN Health Care  Health Care Large-Cap Value 0.87%
 Alphabet Inc. (Class C) GOOG Communication Services  Communication Services Large-Cap Growth 0.87%
 Chord Energy Corporation CHRD Energy  Energy Mid-Cap Value 0.87%
 The Hershey Company HSY Consumer Staples  Consumer Staples Large-Cap Growth 0.86%
 Sociedad Quimica y Minera de Chile S.A. (ADR) SQM Industrials  Industrials Mid-Cap Value 0.85%
 Roche Holding AG (ADR) RHHBY Health Care  Health Care Large-Cap Growth 0.84%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 0.83%
 PepsiCo, Inc. PEP Consumer Staples  Consumer Staples Large-Cap Growth 0.83%
 AGCO Corporation AGCO Industrials  Industrials Mid-Cap Value 0.83%
 United Therapeutics Corporation UTHR Health Care  Health Care Mid-Cap Value 0.83%
 Infineon Technologies AG (ADR) IFNNY Information Technology  Information Technology Large-Cap Value 0.83%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 0.82%
 Northrop Grumman Corporation NOC Industrials  Industrials Large-Cap Value 0.82%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Value 0.80%
 TotalEnergies SE (ADR) TTE Energy  Energy Large-Cap Value 0.80%
 BHP Group Ltd (ADR) BHP Materials  Materials Large-Cap Value 0.80%
 EOG Resources, Inc. EOG Energy  Energy Large-Cap Value 0.80%
 Rio Tinto Plc (ADR) RIO Materials  Materials Large-Cap Value 0.80%
 Quest Diagnostics Incorporated DGX Health Care  Health Care Mid-Cap Value 0.79%
 Corcept Therapeutics Incorporated CORT Health Care  Health Care Small-Cap Growth 0.79%
 Reckitt Benckiser Group Plc (ADR) RBGLY Consumer Staples  Consumer Staples Large-Cap Value 0.79%
 HDFC Bank Ltd. (ADR) HDB Financials  Financials Large-Cap Value 0.78%
 Companhia de Bebidas das Americas (Ambev) (ADR) ABEV Consumer Staples  Consumer Staples Large-Cap Value 0.77%
 Vale S.A. (ADR) VALE Materials  Materials Large-Cap Value 0.76%
 Bunge Global S.A. BG Consumer Staples  Consumer Staples Mid-Cap Value 0.75%
 Amphastar Pharmaceuticals, Inc. AMPH Health Care  Health Care Small-Cap Growth 0.74%
 
Total Number of Holdings:    100
Underlying Securities information represented above is as of 02/29/2024 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 March 20, 2024
$0.04500 April 19, 2024
$0.04500 May 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.

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.

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
30333J400 (Cash)
30333J418 (Reinvest)
30333J426 (Cash-Fee)
30333J434 (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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