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Tactical Alpha, 40  Ticker: FNPNZX
 
Description
A unit investment trust that seeks to provide above-average capital appreciation by investing in stocks from within specific areas of the market where we believe tactical opportunities currently exist.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: TALP40
Portfolio Status: Secondary
Initial Offer Date: 01/12/2024
Secondary Date: 04/10/2024
Portfolio Ending Date: 04/14/2025
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $12.1175
POP(*): $12.2833
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 11/29/2024 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 11/29/2024) Per Unit (as of 11/29/2024)
0.88% $0.10830
^ 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 4.54%
Consumer Discretionary  Consumer Discretionary 6.96%
Consumer Staples  Consumer Staples 1.31%
Energy  Energy 8.61%
Financials  Financials 10.84%
Health Care  Health Care 18.15%
Industrials  Industrials 25.04%
Information Technology  Information Technology 24.48%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.07%
 
  Large Mid Small  
Growth  48.15% 18.56% 0.00%  
Value  31.43% 1.79% 0.00%  

 Style Weighting
Large-Cap Growth 48.15%
Large-Cap Value 31.43%
Mid-Cap Growth 18.56%
Mid-Cap Value 1.79%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.07%
 Composition
U.S. Stocks 86.84%   Other 0.07%
Non-U.S. Stocks 13.09%      
The style and sector characteristics of the portfolio are determined as of 11/29/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $519,829
Price/Earnings 23.30
Price/Book 4.16
As of 11/29/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Sterling Infrastructure Inc. STRL Industrials  Industrials Mid-Cap Growth 4.04%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 3.83%
 EMCOR Group, Inc. EME Industrials  Industrials Mid-Cap Growth 3.77%
 Taiwan Semiconductor Manufacturing Company Ltd. (ADR) TSM Information Technology  Information Technology Large-Cap Growth 2.98%
 Deckers Outdoor Corporation DECK Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.72%
 Meta Platforms Inc. (Class A) META Communication Services  Communication Services Large-Cap Growth 2.65%
 Arista Networks, Inc. ANET Information Technology  Information Technology Large-Cap Growth 2.62%
 JPMorgan Chase & Co. JPM Financials  Financials Large-Cap Value 2.42%
 Eaton Corporation Plc ETN Industrials  Industrials Large-Cap Growth 2.42%
 Morgan Stanley MS Financials  Financials Large-Cap Value 2.37%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 2.25%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 2.24%
 Citigroup Inc. C Financials  Financials Large-Cap Value 2.19%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 2.08%
 McKesson Corporation MCK Health Care  Health Care Large-Cap Value 2.03%
 Mastercard Incorporated MA Financials  Financials Large-Cap Growth 1.97%
 Palo Alto Networks, Inc. PANW Information Technology  Information Technology Large-Cap Growth 1.97%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 1.96%
 L3Harris Technologies Inc. LHX Industrials  Industrials Large-Cap Value 1.93%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 1.90%
 Core & Main, Inc. (Class A) CNM Industrials  Industrials Mid-Cap Growth 1.90%
 Visa Inc. (Class A) V Financials  Financials Large-Cap Growth 1.89%
 Alphabet Inc. (Class C) GOOG Communication Services  Communication Services Large-Cap Growth 1.89%
 Cencora Inc. COR Health Care  Health Care Large-Cap Growth 1.86%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 1.85%
 EOG Resources, Inc. EOG Energy  Energy Large-Cap Value 1.84%
 Cadence Design Systems, Inc. CDNS Information Technology  Information Technology Large-Cap Growth 1.84%
 Eli Lilly and Company LLY Health Care  Health Care Large-Cap Growth 1.83%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Value 1.83%
 Northrop Grumman Corporation NOC Industrials  Industrials Large-Cap Value 1.81%
 HCA Healthcare, Inc. HCA Health Care  Health Care Large-Cap Value 1.81%
 NXP Semiconductors N.V. NXPI Information Technology  Information Technology Large-Cap Growth 1.80%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 1.76%
 Vertex Pharmaceuticals Incorporated VRTX Health Care  Health Care Large-Cap Growth 1.73%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 1.73%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Growth 1.69%
 Jacobs Solutions Inc. J Industrials  Industrials Mid-Cap Growth 1.69%
 Shell Plc (ADR) SHEL Energy  Energy Large-Cap Value 1.64%
 Novo Nordisk A/S (ADR) NVO Health Care  Health Care Large-Cap Growth 1.63%
 TopBuild Corp. BLD Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.62%
 Super Micro Computer, Inc. SMCI Information Technology  Information Technology Mid-Cap Growth 1.51%
 Halliburton Company HAL Energy  Energy Mid-Cap Value 1.50%
 Thermo Fisher Scientific Inc. TMO Health Care  Health Care Large-Cap Value 1.47%
 Merck & Co., Inc. MRK Health Care  Health Care Large-Cap Growth 1.41%
 Regeneron Pharmaceuticals, Inc. REGN Health Care  Health Care Large-Cap Value 1.38%
 LVMH Moet Hennessy Louis Vuitton SE (ADR) LVMUY Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.32%
 Elevance Health Inc. ELV Health Care  Health Care Large-Cap Value 1.31%
 e.l.f. Beauty, Inc. ELF Consumer Staples  Consumer Staples Mid-Cap Growth 1.31%
 Mercedes-Benz Group AG (ADR) MBGYY Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.30%
 The Boeing Company BA Industrials  Industrials Large-Cap Value 1.15%
 Amentum Holdings, Inc. AMTM Industrials  Industrials Mid-Cap Value 0.29%
 
Total Number of Holdings:    51
Underlying Securities information represented above is as of 11/29/2024 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.

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.

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.

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
30334H460 (Cash)
30334H478 (Reinvest)
30334H486 (Cash-Fee)
30334H494 (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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