Target High Quality Dividend, 4th Qtr 2024  Ticker: FMNPQX
 
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 factors.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: HQ4Q24
Portfolio Status: Primary
Initial Offer Date: 10/10/2024
Portfolio Ending Date: 01/09/2026
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $10.0123
POP(*): $10.1501
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 12/09/2024 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 12/9/2024) Per Unit (as of 12/9/2024)
3.01% $0.30520
^ 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 6.46%
Consumer Discretionary  Consumer Discretionary 10.66%
Consumer Staples  Consumer Staples 9.17%
Energy  Energy 21.18%
Financials  Financials 33.04%
Health Care  Health Care 2.71%
Industrials  Industrials 3.60%
Information Technology  Information Technology 3.25%
Materials  Materials 9.40%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.53%
 
  Large Mid Small  
Growth  0.00% 10.98% 0.00%  
Value  35.11% 50.59% 2.79%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 35.11%
Mid-Cap Growth 10.98%
Mid-Cap Value 50.59%
Small-Cap Growth 0.00%
Small-Cap Value 2.79%
Undetermined 0.53%
 Composition
U.S. Stocks 90.28%   Other 0.53%
Non-U.S. Stocks 9.19%      
The style and sector characteristics of the portfolio are determined as of 12/06/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $53,886
Price/Earnings 15.69
Price/Book 1.54
As of 12/6/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Tapestry, Inc. TPR Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 4.43%
 Synovus Financial Corp. SNV Financials  Financials Mid-Cap Value 4.19%
 Cullen/Frost Bankers, Inc. CFR Financials  Financials Mid-Cap Value 3.91%
 The PNC Financial Services Group, Inc. PNC Financials  Financials Large-Cap Value 3.75%
 Prosperity Bancshares, Inc. PB Financials  Financials Mid-Cap Value 3.74%
 Regions Financial Corporation RF Financials  Financials Mid-Cap Value 3.73%
 Fifth Third Bancorp FITB Financials  Financials Large-Cap Value 3.62%
 Robert Half Inc. RHI Industrials  Industrials Mid-Cap Growth 3.60%
 State Street Corporation STT Financials  Financials Mid-Cap Value 3.59%
 Tyson Foods, Inc. (Class A) TSN Consumer Staples  Consumer Staples Mid-Cap Value 3.48%
 Comcast Corporation (Class A) CMCSA Communication Services  Communication Services Large-Cap Value 3.40%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 3.38%
 Fidelity National Financial, Inc. FNF Financials  Financials Mid-Cap Value 3.34%
 LKQ Corporation LKQ Consumer Discretionary  Consumer Discretionary Mid-Cap Value 3.28%
 HP Inc. HPQ Information Technology  Information Technology Large-Cap Value 3.25%
 The Mosaic Company MOS Materials  Materials Mid-Cap Value 3.20%
 Nutrien Ltd. NTR Materials  Materials Mid-Cap Value 3.18%
 Principal Financial Group, Inc. PFG Financials  Financials Mid-Cap Value 3.17%
 Suncor Energy Inc. SU Energy  Energy Large-Cap Value 3.15%
 Phillips 66 PSX Energy  Energy Large-Cap Value 3.15%
 The Interpublic Group of Companies, Inc. IPG Communication Services  Communication Services Mid-Cap Value 3.06%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 3.03%
 Eastman Chemical Company EMN Materials  Materials Mid-Cap Value 3.02%
 Genuine Parts Company GPC Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.95%
 Archer-Daniels-Midland Company ADM Consumer Staples  Consumer Staples Mid-Cap Value 2.88%
 Canadian Natural Resources Limited CNQ Energy  Energy Large-Cap Value 2.86%
 HF Sinclair Corp. DINO Energy  Energy Mid-Cap Value 2.82%
 Target Corporation TGT Consumer Staples  Consumer Staples Large-Cap Value 2.81%
 Murphy Oil Corporation MUR Energy  Energy Small-Cap Value 2.79%
 CVS Health Corporation CVS Health Care  Health Care Large-Cap Value 2.71%
 
Total Number of Holdings:    30
Underlying Securities information represented above is as of 12/06/2024 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.03%
  Deferred:  1.33%
C&D Fee:    0.49%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30337N621 Cash Monthly
30337N639 Reinvest Monthly
* Based on the offer price as of 12/09/2024 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.50%
Maximum Sales Charge:   0.50%
CUSIP Type Distribution
30337N647 Cash-Fee Monthly
30337N654 Reinvest-Fee Monthly
* Based on the NAV price as of 12/09/2024 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 January 17, 2025
$0.04500 February 20, 2025
$0.04500 March 20, 2025

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.

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.

Public Health Crisis Risk. A public health crisis, and the ensuing policies enacted by governments and central banks in response, could cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects.

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.

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