S&P Target SMid 60, 2nd Qtr 2024  Ticker: FNGFEX
 
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: 602Q24
Portfolio Status: Primary
Initial Offer Date: 04/10/2024
Portfolio Ending Date: 07/09/2025
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.3846
POP(*): $9.5106
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 06/14/2024 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 6/14/2024) Per Unit (as of 6/10/2024)
2.80% $0.26600
^ 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 2.94%
Consumer Discretionary  Consumer Discretionary 8.71%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 22.08%
Financials  Financials 38.92%
Health Care  Health Care 0.00%
Industrials  Industrials 3.97%
Information Technology  Information Technology 6.01%
Materials  Materials 1.47%
Real Estate  Real Estate 4.29%
Utilities  Utilities 11.56%
Other  Other 0.05%
 
  Large Mid Small  
Growth  0.00% 0.00% 0.00%  
Value  0.00% 41.25% 58.70%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 0.00%
Mid-Cap Value 41.25%
Small-Cap Growth 0.00%
Small-Cap Value 58.70%
Undetermined 0.05%
 Composition
U.S. Stocks 91.03%   Other 0.05%
Non-U.S. Stocks 8.92%      
The style and sector characteristics of the portfolio are determined as of 06/13/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $5,019
Price/Earnings 8.59
Price/Book 0.98
As of 6/13/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 TD SYNNEX Corporation SNX Information Technology  Information Technology Mid-Cap Value 2.64%
 DT Midstream, Inc. DTM Energy  Energy Mid-Cap Value 2.58%
 CNX Resources Corporation CNX Energy  Energy Small-Cap Value 2.47%
 ALLETE, Inc. ALE Utilities  Utilities Small-Cap Value 2.44%
 Arrow Electronics, Inc. ARW Information Technology  Information Technology Mid-Cap Value 2.43%
 Reinsurance Group of America, Incorporated RGA Financials  Financials Mid-Cap Value 2.43%
 Ally Financial Inc. ALLY Financials  Financials Mid-Cap Value 2.42%
 RenaissanceRe Holdings Ltd. RNR Financials  Financials Mid-Cap Value 2.39%
 NorthWestern Corporation NWE Utilities  Utilities Small-Cap Value 2.36%
 Janus Henderson Group Plc JHG Financials  Financials Mid-Cap Value 2.34%
 Under Armour, Inc. UAA Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.33%
 International Bancshares Corporation IBOC Financials  Financials Small-Cap Value 2.28%
 Black Hills Corporation BKH Utilities  Utilities Small-Cap Value 2.25%
 Graham Holdings Company GHC Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.25%
 First Horizon Corporation FHN Financials  Financials Mid-Cap Value 2.25%
 ONE Gas, Inc. OGS Utilities  Utilities Small-Cap Value 2.24%
 Chesapeake Energy Corporation CHK Energy  Energy Mid-Cap Value 2.24%
 Old National Bancorp ONB Financials  Financials Mid-Cap Value 2.22%
 F.N.B. Corporation FNB Financials  Financials Small-Cap Value 2.19%
 Unum Group UNM Financials  Financials Mid-Cap Value 2.18%
 Wintrust Financial Corporation WTFC Financials  Financials Mid-Cap Value 2.13%
 NOV Inc. NOV Energy  Energy Mid-Cap Value 2.06%
 Vornado Realty Trust VNO Real Estate  Real Estate Small-Cap Value 2.06%
 Cable One, Inc. CABO Communication Services  Communication Services Small-Cap Value 2.05%
 Civitas Resources, Inc. CIVI Energy  Energy Mid-Cap Value 2.05%
 Adient Plc ADNT Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.00%
 Ovintiv Inc. OVV Energy  Energy Mid-Cap Value 1.99%
 HF Sinclair Corp. DINO Energy  Energy Mid-Cap Value 1.97%
 Murphy Oil Corporation MUR Energy  Energy Mid-Cap Value 1.90%
 PBF Energy Inc. PBF Energy  Energy Mid-Cap Value 1.74%
 Clearwater Paper Corporation CLW Materials  Materials Small-Cap Value 1.47%
 Bread Financial Holdings Inc. BFH Financials  Financials Small-Cap Value 1.30%
 Jackson Financial Inc. (Class A) JXN Financials  Financials Mid-Cap Value 1.29%
 National Bank Holdings Corporation (Class A) NBHC Financials  Financials Small-Cap Value 1.23%
 Trustmark Corporation TRMK Financials  Financials Small-Cap Value 1.21%
 ProPetro Holding Corp. PUMP Energy  Energy Small-Cap Value 1.20%
 Highwoods Properties, Inc. HIW Real Estate  Real Estate Small-Cap Value 1.18%
 WSFS Financial Corporation WSFS Financials  Financials Small-Cap Value 1.17%
 Franklin BSP Realty Trust, Inc. FBRT Financials  Financials Small-Cap Value 1.17%
 Avista Corporation AVA Utilities  Utilities Small-Cap Value 1.14%
 SiriusPoint Ltd. SPNT Financials  Financials Small-Cap Value 1.13%
 Northwest Natural Holding Company NWN Utilities  Utilities Small-Cap Value 1.13%
 First Financial Bancorp. FFBC Financials  Financials Small-Cap Value 1.12%
 Ready Capital Corporation RC Financials  Financials Small-Cap Value 1.12%
 EZCORP, Inc. EZPW Financials  Financials Small-Cap Value 1.10%
 Employers Holdings, Inc. EIG Financials  Financials Small-Cap Value 1.10%
 PennyMac Mortgage Investment Trust PMT Financials  Financials Small-Cap Value 1.10%
 G-III Apparel Group, Ltd. GIII Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.08%
 Air Lease Corporation AL Industrials  Industrials Small-Cap Value 1.07%
 Assured Guaranty Ltd. AGO Financials  Financials Small-Cap Value 1.06%
 Kohl's Corporation KSS Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.05%
 Summit Hotel Properties, Inc. INN Real Estate  Real Estate Small-Cap Value 1.05%
 Kelly Services, Inc. KELYA Industrials  Industrials Small-Cap Value 1.01%
 Customers Bancorp, Inc. CUBI Financials  Financials Small-Cap Value 0.99%
 Patterson-UTI Energy, Inc. PTEN Energy  Energy Small-Cap Value 0.98%
 Allegiant Travel Company ALGT Industrials  Industrials Small-Cap Value 0.97%
 Xerox Holdings Corporation XRX Information Technology  Information Technology Small-Cap Value 0.94%
 JetBlue Airways Corporation JBLU Industrials  Industrials Small-Cap Value 0.92%
 Vital Energy Inc. VTLE Energy  Energy Small-Cap Value 0.90%
 The Marcus Corporation MCS Communication Services  Communication Services Small-Cap Value 0.89%
 
Total Number of Holdings:    60
Underlying Securities information represented above is as of 06/13/2024 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.10%
  Deferred:  1.42%
C&D Fee:    0.53%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30334Y547 Cash Semi-Annual
30334Y554 Reinvest Semi-Annual
* Based on the offer price as of 06/14/2024 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.53%
Maximum Sales Charge:   0.53%
CUSIP Type Distribution
30334Y562 Cash-Fee Semi-Annual
30334Y570 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 06/14/2024 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.

Consumer Products Risk. The companies engaged in the consumer products sector are subject to global competition, changing government regulations and trade policies, currency fluctuations, and the financial and political risks inherent in producing products for foreign markets.

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.

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

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.

The S&P MidCap 400 and the S&P SmallCap 600 Indices are products of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and have 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 MidCap 400 and the S&P SmallCap 600 Indices.

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