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Target Growth, 2nd Qtr 2024  Ticker: FMDFVX
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.
Product Code: TG2Q24
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(*): $10.4108
POP(*): $10.5561
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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 3.07%
Consumer Discretionary  Consumer Discretionary 19.80%
Consumer Staples  Consumer Staples 7.32%
Energy  Energy 3.03%
Financials  Financials 3.15%
Health Care  Health Care 16.30%
Industrials  Industrials 19.70%
Information Technology  Information Technology 20.44%
Materials  Materials 2.81%
Real Estate  Real Estate 0.00%
Utilities  Utilities 4.38%
Other  Other 0.00%
  Large Mid Small  
Growth  46.88% 53.12% 0.00%  
Value  0.00% 0.00% 0.00%  

 Style Weighting
Large-Cap Growth 46.88%
Large-Cap Value 0.00%
Mid-Cap Growth 53.12%
Mid-Cap Value 0.00%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.00%
U.S. Stocks 83.94%   Other 0.00%
Non-U.S. Stocks 16.06%      
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 $185,687
Price/Earnings 24.90
Price/Book 11.54
As of 5/24/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
 Vistra Corp. VST Utilities  Utilities Large-Cap Growth 4.38%
 Tenet Healthcare Corporation THC Health Care  Health Care Mid-Cap Growth 4.15%
 Vertiv Group Corp VRT Industrials  Industrials Large-Cap Growth 4.04%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 4.00%
 Deckers Outdoor Corporation DECK Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.88%
 FTAI Aviation Ltd. FTAI Industrials  Industrials Mid-Cap Growth 3.81%
 e.l.f. Beauty, Inc. ELF Consumer Staples  Consumer Staples Mid-Cap Growth 3.70%
 Celsius Holdings, Inc. CELH Consumer Staples  Consumer Staples Mid-Cap Growth 3.62%
 Crocs, Inc. CROX Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.59%
 GoDaddy Inc. (Class A) GDDY Information Technology  Information Technology Mid-Cap Growth 3.53%
 Royal Caribbean Cruises Ltd. RCL Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.42%
 General Electric Company GE Industrials  Industrials Large-Cap Growth 3.41%
 Chipotle Mexican Grill, Inc. CMG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.39%
 Applovin Corp. (Class A) APP Information Technology  Information Technology Mid-Cap Growth 3.39%
 DaVita Inc. DVA Health Care  Health Care Mid-Cap Growth 3.34%
 Arista Networks, Inc. ANET Information Technology  Information Technology Large-Cap Growth 3.29%
 ServiceNow, Inc. NOW Information Technology  Information Technology Large-Cap Growth 3.17%
 Nu Holdings Ltd. (Class A) NU Financials  Financials Large-Cap Growth 3.15%
 Medpace Holdings, Inc. MEDP Health Care  Health Care Mid-Cap Growth 3.14%
 Meta Platforms Inc. (Class A) META Communication Services  Communication Services Large-Cap Growth 3.07%
 Manhattan Associates, Inc. MANH Information Technology  Information Technology Mid-Cap Growth 3.06%
 Weatherford International Plc WFRD Energy  Energy Mid-Cap Growth 3.03%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 2.99%
 DexCom, Inc. DXCM Health Care  Health Care Large-Cap Growth 2.94%
 Airbnb, Inc. (Class A) ABNB Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.87%
 Eagle Materials Inc. EXP Materials  Materials Mid-Cap Growth 2.81%
 Uber Technologies, Inc. UBER Industrials  Industrials Large-Cap Growth 2.76%
 Bruker Corporation BRKR Health Care  Health Care Mid-Cap Growth 2.73%
 AAON, Inc. AAON Industrials  Industrials Mid-Cap Growth 2.69%
 Norwegian Cruise Line Holdings Ltd. NCLH Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.65%
Total Number of Holdings:    30
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:  0.10%
  Deferred:  1.28%
C&D Fee:    0.47%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30334Y620 Cash Semi-Annual
30334Y638 Reinvest Semi-Annual
* Based on the offer price as of 05/24/2024 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.48%
Maximum Sales Charge:   0.48%
CUSIP Type Distribution
30334Y646 Cash-Fee Semi-Annual
30334Y653 Reinvest-Fee Semi-Annual
* 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.

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.

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.

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
30334Y620 (Cash)
30334Y638 (Reinvest)
30334Y646 (Cash-Fee)
30334Y653 (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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