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S&P Target 24, 2nd Qtr 2024  Ticker: FLAGMX
 
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 a disciplined investment strategy which adheres to pre-determined screens and factors.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: 242Q24
Portfolio Status: Primary
Initial Offer Date: 04/10/2024
Portfolio Ending Date: 07/09/2025
Tax Structure: Grantor
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.8941
POP(*): $10.0296
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 05/24/2024 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 5/24/2024) Per Unit (as of 5/24/2024)
0.61% $0.06140
^ 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 11.18%
Consumer Discretionary  Consumer Discretionary 10.74%
Consumer Staples  Consumer Staples 6.94%
Energy  Energy 3.72%
Financials  Financials 14.18%
Health Care  Health Care 12.01%
Industrials  Industrials 8.56%
Information Technology  Information Technology 32.58%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.09%
 
  Large Mid Small  
Growth  74.03% 6.54% 0.00%  
Value  17.90% 1.44% 0.00%  

 Style Weighting
Large-Cap Growth 74.03%
Large-Cap Value 17.90%
Mid-Cap Growth 6.54%
Mid-Cap Value 1.44%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.09%
 Composition
U.S. Stocks 99.01%   Other 0.09%
Non-U.S. Stocks 0.90%      
The style and sector characteristics of the portfolio are determined as of 05/24/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $399,261
Price/Earnings 20.43
Price/Book 5.17
As of 5/24/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 14.38%
 Berkshire Hathaway Inc. (Class B) BRK/B Financials  Financials Large-Cap Value 12.99%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 9.98%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 8.22%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 7.20%
 Alphabet Inc. (Class A) GOOGL Communication Services  Communication Services Large-Cap Growth 6.55%
 HCA Healthcare, Inc. HCA Health Care  Health Care Large-Cap Growth 6.47%
 W.W. Grainger, Inc. GWW Industrials  Industrials Large-Cap Growth 4.84%
 Colgate-Palmolive Company CL Consumer Staples  Consumer Staples Large-Cap Growth 4.70%
 Edwards Lifesciences Corporation EW Health Care  Health Care Large-Cap Growth 4.06%
 Meta Platforms Inc. (Class A) META Communication Services  Communication Services Large-Cap Growth 3.78%
 Booking Holdings Inc. BKNG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.00%
 Builders FirstSource, Inc. BLDR Industrials  Industrials Mid-Cap Growth 2.17%
 ConocoPhillips COP Energy  Energy Large-Cap Value 2.01%
 Masco Corporation MAS Industrials  Industrials Mid-Cap Growth 1.55%
 Align Technology, Inc. ALGN Health Care  Health Care Mid-Cap Growth 1.48%
 Brown-Forman Corporation BF/B Consumer Staples  Consumer Staples Mid-Cap Growth 1.34%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 0.94%
 Bunge Global S.A. BG Consumer Staples  Consumer Staples Mid-Cap Value 0.90%
 Netflix, Inc. NFLX Communication Services  Communication Services Large-Cap Growth 0.85%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 0.77%
 Aflac Incorporated AFL Financials  Financials Large-Cap Value 0.74%
 PulteGroup, Inc. PHM Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.54%
 The Hartford Financial Services Group, Inc. HIG Financials  Financials Large-Cap Value 0.45%
 
Total Number of Holdings:    24
Underlying Securities information represented above is as of 05/24/2024 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.00%
  Deferred:  1.35%
C&D Fee:    0.50%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30334Y380 Cash Monthly
30334Y398 Reinvest Monthly
* Based on the offer price as of 05/24/2024 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.51%
Maximum Sales Charge:   0.51%
CUSIP Type Distribution
30334Y406 Cash-Fee Monthly
30334Y414 Reinvest-Fee Monthly
* Based on the NAV price as of 05/24/2024 4:00pm ET
In addition to the sales charges listed, UITs for both brokerage and advisory accounts are subject to annual operating expenses and organization costs. See the prospectus for additional information.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 July 19, 2024
$0.04500 August 20, 2024
$0.04500 September 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.

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.

Technology Risk. The companies engaged in the information technology sector are subject to fierce competition, high research and development costs, and their products and services may be subject to rapid obsolescence. Technology company stocks, especially those which are Internet-related, may experience extreme price and volume fluctuations that are often unrelated to their operating performance.

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.

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 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 Index.

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
30334Y380 (Cash)
30334Y398 (Reinvest)
30334Y406 (Cash-Fee)
30334Y414 (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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