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Income Dividend Equity Allocation (IDEA), 41  Ticker: FAZQNX
 
Description
This unit investment trust seeks above-average total return through a combination of capital appreciation and dividend income by investing in equity securities that are selected by Confluence Investment Management LLC using a comprehensive evaluation process.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: IDEA41
Portfolio Status: Primary
Initial Offer Date: 05/02/2024
Portfolio Ending Date: 05/01/2026
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.0149
POP(*): $10.2467
Remaining Deferred Sales Charge: $0.2250
* As of Trade Date: 07/12/2024 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 7/12/2024) Per Unit (as of 7/12/2024)
1.77% $0.18170
^ 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 0.00%
Consumer Discretionary  Consumer Discretionary 12.02%
Consumer Staples  Consumer Staples 12.25%
Energy  Energy 3.94%
Financials  Financials 15.16%
Health Care  Health Care 7.90%
Industrials  Industrials 22.34%
Information Technology  Information Technology 9.65%
Materials  Materials 8.35%
Real Estate  Real Estate 0.00%
Utilities  Utilities 8.35%
Other  Other 0.04%
 
  Large Mid Small  
Growth  43.73% 16.39% 4.01%  
Value  23.13% 12.70% 0.00%  

 Style Weighting
Large-Cap Growth 43.73%
Large-Cap Value 23.13%
Mid-Cap Growth 16.39%
Mid-Cap Value 12.70%
Small-Cap Growth 4.01%
Small-Cap Value 0.00%
Undetermined 0.04%
 Composition
U.S. Stocks 91.81%   Other 0.04%
Non-U.S. Stocks 8.15%      
The style and sector characteristics of the portfolio are determined as of 07/12/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $178,563
Price/Earnings 23.07
Price/Book 4.51
As of 7/12/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Oracle Corporation ORCL Information Technology  Information Technology Large-Cap Growth 2.54%
 Analog Devices, Inc. ADI Information Technology  Information Technology Large-Cap Value 2.49%
 The TJX Companies, Inc. TJX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.45%
 Amphenol Corporation APH Information Technology  Information Technology Large-Cap Growth 2.38%
 S&P Global Inc. SPGI Financials  Financials Large-Cap Value 2.36%
 Brown & Brown, Inc. BRO Financials  Financials Mid-Cap Growth 2.27%
 Northern Trust Corporation NTRS Financials  Financials Mid-Cap Value 2.26%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 2.24%
 American Water Works Company, Inc. AWK Utilities  Utilities Mid-Cap Value 2.21%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.17%
 Expeditors International of Washington, Inc. EXPD Industrials  Industrials Mid-Cap Growth 2.17%
 Ecolab Inc. ECL Materials  Materials Large-Cap Growth 2.16%
 The Southern Company SO Utilities  Utilities Large-Cap Value 2.15%
 Nestle S.A. (ADR) NSRGY Consumer Staples  Consumer Staples Large-Cap Growth 2.15%
 Colgate-Palmolive Company CL Consumer Staples  Consumer Staples Large-Cap Growth 2.15%
 Air Products and Chemicals, Inc. APD Materials  Materials Large-Cap Value 2.15%
 T. Rowe Price Group, Inc. TROW Financials  Financials Mid-Cap Value 2.14%
 Chubb Limited CB Financials  Financials Large-Cap Value 2.13%
 The Toro Company TTC Industrials  Industrials Mid-Cap Growth 2.13%
 The Sherwin-Williams Company SHW Materials  Materials Large-Cap Growth 2.10%
 The Hershey Company HSY Consumer Staples  Consumer Staples Large-Cap Growth 2.07%
 Snap-on Incorporated SNA Industrials  Industrials Mid-Cap Value 2.07%
 W.R. Berkley Corporation WRB Financials  Financials Mid-Cap Value 2.07%
 Masco Corporation MAS Industrials  Industrials Mid-Cap Growth 2.06%
 Stryker Corporation SYK Health Care  Health Care Large-Cap Growth 2.05%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 2.04%
 New Jersey Resources Corporation NJR Utilities  Utilities Small-Cap Growth 2.04%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Value 2.03%
 Illinois Tool Works Inc. ITW Industrials  Industrials Large-Cap Growth 2.02%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 2.01%
 Starbucks Corporation SBUX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.01%
 Becton, Dickinson and Company BDX Health Care  Health Care Large-Cap Value 2.01%
 Graco Inc. GGG Industrials  Industrials Mid-Cap Growth 2.01%
 Paychex, Inc. PAYX Industrials  Industrials Large-Cap Growth 2.01%
 Donaldson Company, Inc. DCI Industrials  Industrials Mid-Cap Growth 1.98%
 EOG Resources, Inc. EOG Energy  Energy Large-Cap Value 1.98%
 Polaris Inc. PII Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.97%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 1.96%
 WEC Energy Group, Inc. WEC Utilities  Utilities Mid-Cap Value 1.95%
 The Clorox Company CLX Consumer Staples  Consumer Staples Mid-Cap Growth 1.95%
 Linde Plc LIN Materials  Materials Large-Cap Value 1.94%
 Medtronic Plc MDT Health Care  Health Care Large-Cap Value 1.93%
 Mastercard Incorporated MA Financials  Financials Large-Cap Growth 1.93%
 PepsiCo, Inc. PEP Consumer Staples  Consumer Staples Large-Cap Growth 1.92%
 ResMed Inc. RMD Health Care  Health Care Large-Cap Growth 1.91%
 Nordson Corporation NDSN Industrials  Industrials Mid-Cap Growth 1.82%
 McDonald's Corporation MCD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.81%
 NIKE, Inc. (Class B) NKE Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.61%
 
Total Number of Holdings:    48
Underlying Securities information represented above is as of 07/12/2024 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.06%
  Deferred:  2.20%
C&D Fee:    0.49%
Maximum Sales Charge:   2.75%
CUSIP Type Distribution
30335K520 Cash Monthly
30335K538 Reinvest Monthly
* Based on the offer price as of 07/12/2024 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.50%
Maximum Sales Charge:   0.50%
CUSIP Type Distribution
30335K546 Cash-Fee Monthly
30335K553 Reinvest-Fee Monthly
* Based on the NAV price as of 07/12/2024 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
$0.07500 August 20, 2024
$0.07500 September 20, 2024
$0.07500 October 18, 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.

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
30335K520 (Cash)
30335K538 (Reinvest)
30335K546 (Cash-Fee)
30335K553 (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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First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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