Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 

Target VIP, 2nd Qtr 2024  Ticker: FLJXPX
 
Description
A unit investment trust that seeks above-average total return; however, there is no assurance the objective will be met. The portfolio provides you with the convenience of owning six distinct strategies in one investment. It invests in a fixed portfolio of stocks which are selected by applying pre-determined screens and factors.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: VP2Q24
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(*): $10.0905
POP(*): $10.2297
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)
1.67% $0.17100
^ 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 6.76%
Consumer Discretionary  Consumer Discretionary 11.57%
Consumer Staples  Consumer Staples 2.90%
Energy  Energy 6.52%
Financials  Financials 17.42%
Health Care  Health Care 5.97%
Industrials  Industrials 20.72%
Information Technology  Information Technology 22.32%
Materials  Materials 2.09%
Real Estate  Real Estate 0.00%
Utilities  Utilities 3.23%
Other  Other 0.50%
 
  Large Mid Small  
Growth  40.67% 5.85% 10.27%  
Value  33.47% 2.15% 7.09%  

 Style Weighting
Large-Cap Growth 40.67%
Large-Cap Value 33.47%
Mid-Cap Growth 5.85%
Mid-Cap Value 2.15%
Small-Cap Growth 10.27%
Small-Cap Value 7.09%
Undetermined 0.50%
 Composition
U.S. Stocks 79.71%   Other 0.50%
Non-U.S. Stocks 19.79%      
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 $328,058
Price/Earnings 15.61
Price/Book 2.41
As of 5/24/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 6.93%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 5.02%
 Meta Platforms Inc. (Class A) META Communication Services  Communication Services Large-Cap Growth 4.41%
 The Goldman Sachs Group, Inc. GS Financials  Financials Large-Cap Value 3.71%
 Honeywell International Inc. HON Industrials  Industrials Large-Cap Growth 3.33%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Value 3.20%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Value 3.17%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 3.06%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 2.52%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 2.13%
 Berkshire Hathaway Inc. (Class B) BRK/B Financials  Financials Large-Cap Value 2.13%
 Phillips 66 PSX Energy  Energy Large-Cap Value 2.08%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 1.74%
 Lennar Corporation LEN Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.47%
 ASML Holding N.V. (New York Registry Shares) ASML Information Technology  Information Technology Large-Cap Growth 1.44%
 Vistra Corp. VST Utilities  Utilities Large-Cap Growth 1.22%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.18%
 Builders FirstSource, Inc. BLDR Industrials  Industrials Mid-Cap Growth 1.08%
 Alphabet Inc. (Class A) GOOGL Communication Services  Communication Services Large-Cap Growth 1.07%
 HCA Healthcare, Inc. HCA Health Care  Health Care Large-Cap Growth 1.06%
 Credit Agricole S.A. ACA.FP Financials  Financials Large-Cap Value 0.92%
 Enel SpA ENEL.IM Utilities  Utilities Large-Cap Value 0.91%
 QUALCOMM Incorporated QCOM Information Technology  Information Technology Large-Cap Growth 0.90%
 Rio Tinto Plc RIO.LN Materials  Materials Large-Cap Value 0.90%
 HSBC Holdings Plc HSBA.LN Financials  Financials Large-Cap Value 0.89%
 CaixaBank, S.A. CABK.SM Financials  Financials Large-Cap Value 0.88%
 Applovin Corp. (Class A) APP Information Technology  Information Technology Mid-Cap Growth 0.88%
 Intesa Sanpaolo SpA ISP.IM Financials  Financials Large-Cap Value 0.87%
 Nordea Bank Abp NDA.FH Financials  Financials Large-Cap Value 0.86%
 British American Tobacco Plc BATS.LN Consumer Staples  Consumer Staples Large-Cap Value 0.85%
 Equinor ASA EQNR.NO Energy  Energy Large-Cap Value 0.85%
 ING Groep N.V. INGA.NA Financials  Financials Large-Cap Value 0.85%
 BNP Paribas S.A. BNP.FP Financials  Financials Large-Cap Value 0.83%
 Orange ORA.FP Communication Services  Communication Services Large-Cap Value 0.83%
 Engie S.A. ENGI.FP Utilities  Utilities Large-Cap Value 0.82%
 AXA S.A. CS.FP Financials  Financials Large-Cap Value 0.81%
 PDD Holdings Inc. (ADR) PDD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.81%
 Volvo AB (Class B) VOLVB.SS Industrials  Industrials Large-Cap Value 0.80%
 W.W. Grainger, Inc. GWW Industrials  Industrials Large-Cap Growth 0.79%
 Colgate-Palmolive Company CL Consumer Staples  Consumer Staples Large-Cap Growth 0.77%
 Volkswagen AG VOW.GY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.77%
 Eni SpA ENI.IM Energy  Energy Large-Cap Value 0.76%
 BASF SE BAS.GY Materials  Materials Large-Cap Value 0.74%
 Mercedes-Benz Group AG MBG.GY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.71%
 Stellantis N.V. STLAM.IM Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.68%
 Edwards Lifesciences Corporation EW Health Care  Health Care Large-Cap Growth 0.67%
 GoDaddy Inc. (Class A) GDDY Information Technology  Information Technology Mid-Cap Growth 0.67%
 EMCOR Group, Inc. EME Industrials  Industrials Mid-Cap Growth 0.65%
 Enerpac Tool Group Corp. EPAC Industrials  Industrials Small-Cap Growth 0.62%
 AerCap Holdings N.V. AER Industrials  Industrials Mid-Cap Value 0.62%
 Bread Financial Holdings Inc. BFH Financials  Financials Small-Cap Value 0.61%
 Sonic Automotive, Inc. SAH Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.59%
 The Cheesecake Factory Incorporated CAKE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.57%
 Napco Security Technologies, Inc. NSSC Information Technology  Information Technology Small-Cap Growth 0.55%
 The Bancorp, Inc. TBBK Financials  Financials Small-Cap Growth 0.52%
 Triumph Financial, Inc. TFIN Financials  Financials Small-Cap Growth 0.51%
 Virtus Investment Partners, Inc. VRTS Financials  Financials Small-Cap Growth 0.50%
 Enova International, Inc. ENVA Financials  Financials Small-Cap Value 0.49%
 The Greenbrier Companies, Inc. GBX Industrials  Industrials Small-Cap Value 0.47%
 La-Z-Boy Incorporated LZB Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.46%
 U.S. Physical Therapy, Inc. USPH Health Care  Health Care Small-Cap Growth 0.46%
 DNOW Inc. DNOW Industrials  Industrials Small-Cap Value 0.46%
 NV5 Global, Inc. NVEE Industrials  Industrials Small-Cap Growth 0.46%
 Advanced Drainage Systems, Inc. WMS Industrials  Industrials Mid-Cap Growth 0.46%
 Upwork Inc. UPWK Industrials  Industrials Small-Cap Growth 0.46%
 The Vita Coco Company, Inc. COCO Consumer Staples  Consumer Staples Small-Cap Growth 0.46%
 World Kinect Corp. WKC Energy  Energy Small-Cap Value 0.45%
 Steelcase Inc. SCS Industrials  Industrials Small-Cap Value 0.45%
 Booking Holdings Inc. BKNG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.45%
 Huron Consulting Group Inc. HURN Industrials  Industrials Small-Cap Growth 0.45%
 Kaiser Aluminum Corporation KALU Materials  Materials Small-Cap Growth 0.45%
 The Chefs' Warehouse, Inc. CHEF Consumer Staples  Consumer Staples Small-Cap Growth 0.45%
 RPC, Inc. RES Energy  Energy Small-Cap Value 0.44%
 WisdomTree, Inc. WT Financials  Financials Small-Cap Growth 0.44%
 Toll Brothers, Inc. TOL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.43%
 Comfort Systems USA, Inc. FIX Industrials  Industrials Mid-Cap Growth 0.42%
 Pathward Financial Inc. CASH Financials  Financials Small-Cap Growth 0.42%
 Winmark Corporation WINA Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.37%
 Hope Bancorp, Inc. HOPE Financials  Financials Small-Cap Value 0.37%
 U.S. Silica Holdings, Inc. SLCA Energy  Energy Small-Cap Value 0.36%
 Airbnb, Inc. (Class A) ABNB Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.36%
 Kforce Inc. KFRC Industrials  Industrials Small-Cap Growth 0.34%
 Collegium Pharmaceutical, Inc. COLL Health Care  Health Care Small-Cap Growth 0.34%
 ConocoPhillips COP Energy  Energy Large-Cap Value 0.33%
 Veritex Holdings, Inc. VBTX Financials  Financials Small-Cap Value 0.33%
 Scholastic Corporation SCHL Communication Services  Communication Services Small-Cap Value 0.32%
 ProPetro Holding Corp. PUMP Energy  Energy Small-Cap Value 0.32%
 Wabash National Corporation WNC Industrials  Industrials Small-Cap Value 0.30%
 Hibbett Inc. HIBB Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.30%
 LendingClub Corporation LC Financials  Financials Small-Cap Value 0.29%
 SilverBow Resources, Inc. SBOW Energy  Energy Small-Cap Value 0.29%
 Acuity Brands, Inc. AYI Industrials  Industrials Mid-Cap Growth 0.28%
 Constellation Energy Corporation CEG Utilities  Utilities Large-Cap Growth 0.28%
 The Gap, Inc. GPS Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.27%
 Marriott International, Inc. MAR Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.26%
 Camping World Holdings, Inc. (Class A) CWH Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.26%
 Masco Corporation MAS Industrials  Industrials Mid-Cap Growth 0.25%
 Dillard's, Inc. (Class A) DDS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.24%
 Celestica Inc. CLS Information Technology  Information Technology Mid-Cap Growth 0.24%
 BJ's Restaurants, Inc. BJRI Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.24%
 Align Technology, Inc. ALGN Health Care  Health Care Mid-Cap Growth 0.24%
 PACCAR Inc PCAR Industrials  Industrials Large-Cap Value 0.22%
 Brown-Forman Corporation BF/B Consumer Staples  Consumer Staples Mid-Cap Growth 0.22%
 PVH Corp. PVH Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.22%
 Allison Transmission Holdings, Inc. ALSN Industrials  Industrials Mid-Cap Growth 0.22%
 Sterling Infrastructure Inc. STRL Industrials  Industrials Small-Cap Growth 0.20%
 PBF Energy Inc. PBF Energy  Energy Mid-Cap Value 0.20%
 Modine Manufacturing Company MOD Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.18%
 SkyWest, Inc. SKYW Industrials  Industrials Small-Cap Value 0.18%
 MarineMax, Inc. HZO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.18%
 Designer Brands Inc. DBI Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.18%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.17%
 Diamondback Energy, Inc. FANG Energy  Energy Large-Cap Value 0.16%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 0.15%
 Bunge Global S.A. BG Consumer Staples  Consumer Staples Mid-Cap Value 0.15%
 Fastenal Company FAST Industrials  Industrials Large-Cap Growth 0.14%
 American Woodmark Corporation AMWD Industrials  Industrials Small-Cap Value 0.14%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 0.13%
 Netflix, Inc. NFLX Communication Services  Communication Services Large-Cap Growth 0.13%
 Dave & Buster's Entertainment, Inc. PLAY Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.13%
 Aflac Incorporated AFL Financials  Financials Large-Cap Value 0.12%
 PulteGroup, Inc. PHM Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.09%
 The Hartford Financial Services Group, Inc. HIG Financials  Financials Large-Cap Value 0.07%
 
Total Number of Holdings:    123
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:  0.04%
  Deferred:  1.32%
C&D Fee:    0.49%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30334Y661 Cash Semi-Annual
30334Y679 Reinvest Semi-Annual
* Based on the offer price as of 05/24/2024 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.50%
Maximum Sales Charge:   0.50%
CUSIP Type Distribution
30334Y687 Cash-Fee Semi-Annual
30334Y695 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.

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.

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 Dow Jones Industrial Average 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 Dow Jones Industrial Average.

The Nasdaq 100®, Nasdaq 100 Index®, and Nasdaq® are trade or service marks of Nasdaq, Inc. (which with its affiliates are the Corporations) and are licensed for use by First Trust Portfolios L.P. The portfolio has not been passed on by the Corporations as to its legality or suitability. The portfolio is not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PORTFOLIO.

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.

"Value Line", "The Value Line Investment Survey", and "Timeliness" are trademarks or registered trademarks of Value Line, Inc. ("Value Line") and have been licensed for use for certain purposes by First Trust Portfolios L.P. This product is not sponsored, endorsed, recommended, sold or promoted by Value Line and Value Line makes no representation regarding the advisability of investing in products utilizing such strategy. First Trust Portfolios L.P. is not affiliated with any Value Line company.

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
30334Y661 (Cash)
30334Y679 (Reinvest)
30334Y687 (Cash-Fee)
30334Y695 (Reinvest-Fee)
Printer Friendly Page Printer Friendly Page

 
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.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.