Diversified Equity Strategic Allocation, 2nd Qtr 2025  Ticker: FNHSQX
 
Description
A unit investment trust which seeks the potential for above-average total return by investing in a portfolio of common stocks diversified across various market capitalizations, growth and value styles, sectors and countries. The stocks 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: DE2Q25
Portfolio Status: Secondary
Initial Offer Date: 04/09/2025
Secondary Date: 07/09/2025
Portfolio Ending Date: 07/15/2026
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $12.0336
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 05/05/2026 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any 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  Per Unit (as of 5/4/2026)
----- $0.19150
^ 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 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 distributions are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. For trusts that include funds, distributions may include realized short-term capital gains, realized long-term capital gains and/or return of capital. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit 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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 5.93%
Consumer Discretionary  Consumer Discretionary 13.25%
Consumer Staples  Consumer Staples 10.24%
Energy  Energy 12.93%
Financials  Financials 13.78%
Health Care  Health Care 10.66%
Industrials  Industrials 15.76%
Information Technology  Information Technology 5.06%
Materials  Materials 5.32%
Real Estate  Real Estate 0.73%
Utilities  Utilities 5.57%
Other  Other 0.77%
 
  Large Mid Small  
Growth  26.81% 10.35% 6.18%  
Value  40.72% 10.79% 4.38%  

 Style Weighting
Large-Cap Growth 26.81%
Large-Cap Value 40.72%
Mid-Cap Growth 10.35%
Mid-Cap Value 10.79%
Small-Cap Growth 6.18%
Small-Cap Value 4.38%
Undetermined 0.77%
 Composition
U.S. Stocks 78.59%   Other 0.77%
Non-U.S. Stocks 20.64%      
The style and sector characteristics of the portfolio are determined as of 05/05/2026 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $224,418
Price/Earnings 18.63
Price/Book 2.59
As of 5/5/2026
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 2.13%
 Alphabet Inc. (Class A) GOOGL Communication Services  Communication Services Large-Cap Growth 1.72%
 Newmont Corporation NEM Materials  Materials Large-Cap Value 1.56%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 1.54%
 Amphenol Corporation APH Information Technology  Information Technology Large-Cap Growth 1.46%
 Ross Stores, Inc. ROST Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.15%
 Diamondback Energy, Inc. FANG Energy  Energy Large-Cap Value 1.10%
 Walmart Inc. WMT Consumer Staples  Consumer Staples Large-Cap Growth 1.03%
 Amazon.com, Inc. AMZN Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.03%
 Cardinal Health, Inc. CAH Health Care  Health Care Large-Cap Value 1.01%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 0.98%
 Rio Tinto plc (ADR) RIO Materials  Materials Large-Cap Value 0.98%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 0.97%
 ConocoPhillips COP Energy  Energy Large-Cap Value 0.96%
 HSBC Holdings plc (ADR) HSBC Financials  Financials Large-Cap Value 0.96%
 Equinor ASA EQNR Energy  Energy Large-Cap Value 0.96%
 Banco Bilbao Vizcaya Argentaria, S.A. (ADR) BBVA Financials  Financials Large-Cap Value 0.92%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 0.91%
 The Williams Companies, Inc. WMB Energy  Energy Large-Cap Growth 0.90%
 TotalEnergies SE TTE Energy  Energy Large-Cap Value 0.90%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Value 0.87%
 EOG Resources, Inc. EOG Energy  Energy Large-Cap Value 0.86%
 Live Nation Entertainment, Inc. LYV Communication Services  Communication Services Large-Cap Growth 0.85%
 Fast Retailing Co., Ltd. (ADR) FRCOY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.85%
 Altria Group, Inc. MO Consumer Staples  Consumer Staples Large-Cap Value 0.84%
 PACCAR Inc PCAR Industrials  Industrials Large-Cap Value 0.84%
 DBS Group Holdings Ltd. (ADR) DBSDY Financials  Financials Large-Cap Value 0.84%
 The TJX Companies, Inc. TJX Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.83%
 The Travelers Companies, Inc. TRV Financials  Financials Large-Cap Value 0.82%
 D.R. Horton, Inc. DHI Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.81%
 McKesson Corporation MCK Health Care  Health Care Large-Cap Value 0.80%
 Xcel Energy Inc. XEL Utilities  Utilities Large-Cap Value 0.78%
 The Hartford Insurance Group, Inc. HIG Financials  Financials Large-Cap Value 0.78%
 Shell Plc (ADR) SHEL Energy  Energy Large-Cap Value 0.77%
 Carpenter Technology Corporation CRS Industrials  Industrials Mid-Cap Growth 0.76%
 Ameren Corporation AEE Utilities  Utilities Large-Cap Value 0.76%
 Iberdrola, S.A. (ADR) IBDRY Utilities  Utilities Large-Cap Value 0.76%
 Itochu Corp. (ADR) ITOCY Industrials  Industrials Large-Cap Value 0.76%
 The Hershey Company HSY Consumer Staples  Consumer Staples Large-Cap Growth 0.75%
 Illinois Tool Works Inc. ITW Industrials  Industrials Large-Cap Growth 0.74%
 Novartis AG (ADR) NVS Health Care  Health Care Large-Cap Growth 0.74%
 Aflac Incorporated AFL Financials  Financials Large-Cap Value 0.73%
 Costco Wholesale Corporation COST Consumer Staples  Consumer Staples Large-Cap Growth 0.72%
 Cencora, Inc. COR Health Care  Health Care Large-Cap Growth 0.72%
 BAE Systems Plc (ADR) BAESY Industrials  Industrials Large-Cap Growth 0.72%
 CME Group Inc. CME Financials  Financials Large-Cap Value 0.72%
 Duke Energy Corporation DUK Utilities  Utilities Large-Cap Value 0.71%
 Anheuser-Busch InBev S.A./N.V. (ADR) BUD Consumer Staples  Consumer Staples Large-Cap Value 0.70%
 Tokio Marine Holdings, Inc. (ADR) TKOMY Financials  Financials Large-Cap Value 0.69%
 Waste Management, Inc. WM Industrials  Industrials Large-Cap Growth 0.67%
 Visa Inc. (Class A) V Financials  Financials Large-Cap Growth 0.67%
 Consolidated Edison, Inc. ED Utilities  Utilities Large-Cap Value 0.66%
 Exelon Corporation EXC Utilities  Utilities Large-Cap Value 0.66%
 EMCOR Group, Inc. EME Industrials  Industrials Large-Cap Growth 0.66%
 Vinci S.A. (ADR) VCISY Industrials  Industrials Large-Cap Value 0.66%
 ResMed Inc. RMD Health Care  Health Care Mid-Cap Growth 0.65%
 Fortinet, Inc. FTNT Information Technology  Information Technology Large-Cap Growth 0.65%
 The Kroger Co. KR Consumer Staples  Consumer Staples Large-Cap Growth 0.64%
 Industria de Diseno Textil, S.A. (ADR) IDEXY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.64%
 AT&T Inc. T Communication Services  Communication Services Large-Cap Value 0.63%
 Prosus N.V. (ADR) PROSY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.63%
 VICI Properties Inc. VICI Real Estate  Real Estate Large-Cap Value 0.62%
 Chugai Pharmaceutical Co., Ltd. (ADR) CHGCY Health Care  Health Care Large-Cap Growth 0.62%
 Rheinmetall AG (ADR) RNMBY Industrials  Industrials Large-Cap Growth 0.62%
 Toyota Motor Corporation TM Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.61%
 Mondelez International, Inc. MDLZ Consumer Staples  Consumer Staples Large-Cap Value 0.61%
 Air Liquide S.A. (ADR) AIQUY Materials  Materials Large-Cap Value 0.61%
 Linde Plc LIN Materials  Materials Large-Cap Growth 0.61%
 Berkshire Hathaway Inc. (Class B) BRK/B Financials  Financials Large-Cap Value 0.60%
 Chubb Limited CB Financials  Financials Large-Cap Value 0.60%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 0.59%
 L'Oreal S.A. (ADR) LRLCY Consumer Staples  Consumer Staples Large-Cap Growth 0.59%
 Republic Services, Inc. RSG Industrials  Industrials Large-Cap Growth 0.58%
 Casey's General Stores, Inc. CASY Consumer Staples  Consumer Staples Large-Cap Growth 0.55%
 Elevance Health Inc. ELV Health Care  Health Care Large-Cap Value 0.55%
 Centene Corporation CNC Health Care  Health Care Mid-Cap Value 0.54%
 Lennar Corporation LEN Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.53%
 United Therapeutics Corporation UTHR Health Care  Health Care Mid-Cap Growth 0.53%
 PDD Holdings Inc. (ADR) PDD Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.53%
 Comcast Corporation (Class A) CMCSA Communication Services  Communication Services Large-Cap Value 0.52%
 Valmont Industries, Inc. VMI Industrials  Industrials Mid-Cap Growth 0.52%
 IES Holdings, Inc. IESC Industrials  Industrials Mid-Cap Growth 0.52%
 KDDI Corporation (ADR) KDDIY Communication Services  Communication Services Large-Cap Value 0.52%
 Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY Financials  Financials Large-Cap Value 0.52%
 Veeva Systems Inc. (Class A) VEEV Health Care  Health Care Mid-Cap Growth 0.52%
 The Kraft Heinz Company KHC Consumer Staples  Consumer Staples Mid-Cap Value 0.52%
 NTT, Inc. (ADR) NTTYY Communication Services  Communication Services Large-Cap Value 0.51%
 Cognizant Technology Solutions Corporation CTSH Information Technology  Information Technology Mid-Cap Value 0.50%
 Archer-Daniels-Midland Company ADM Consumer Staples  Consumer Staples Large-Cap Value 0.49%
 The Progressive Corporation PGR Financials  Financials Large-Cap Value 0.49%
 Devon Energy Corporation DVN Energy  Energy Large-Cap Value 0.49%
 Marsh & McLennan Companies, Inc. MRSH Financials  Financials Large-Cap Growth 0.49%
 Oshkosh Corporation OSK Industrials  Industrials Mid-Cap Value 0.49%
 Automatic Data Processing, Inc. ADP Industrials  Industrials Large-Cap Growth 0.48%
 Chord Energy Corporation CHRD Energy  Energy Mid-Cap Value 0.47%
 NOV Inc. NOV Energy  Energy Mid-Cap Value 0.46%
 Abbott Laboratories ABT Health Care  Health Care Large-Cap Value 0.45%
 Paychex, Inc. PAYX Industrials  Industrials Large-Cap Growth 0.44%
 Tractor Supply Company TSCO Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.44%
 Sanofi (ADR) SNY Health Care  Health Care Large-Cap Value 0.44%
 The New York Times Company (Class A) NYT Communication Services  Communication Services Mid-Cap Growth 0.43%
 Liberty Energy Inc. (Class A) LBRT Energy  Energy Small-Cap Growth 0.43%
 Kirby Corporation KEX Industrials  Industrials Mid-Cap Value 0.42%
 Ulta Beauty, Inc. ULTA Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.42%
 Sanmina Corporation SANM Information Technology  Information Technology Mid-Cap Growth 0.40%
 Toll Brothers, Inc. TOL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.39%
 InterDigital, Inc. IDCC Information Technology  Information Technology Mid-Cap Growth 0.39%
 Allison Transmission Holdings, Inc. ALSN Industrials  Industrials Mid-Cap Growth 0.39%
 Expeditors International of Washington, Inc. EXPD Industrials  Industrials Mid-Cap Growth 0.38%
 Nintendo Co., Ltd. (ADR) NTDOY Communication Services  Communication Services Large-Cap Value 0.38%
 Coterra Energy Inc. CTRA Energy  Energy Mid-Cap Value 0.37%
 Reliance Inc. RS Materials  Materials Mid-Cap Value 0.37%
 F5, Inc. FFIV Information Technology  Information Technology Mid-Cap Growth 0.36%
 Globe Life Inc. GL Financials  Financials Mid-Cap Value 0.35%
 SEI Investments Company SEIC Financials  Financials Mid-Cap Growth 0.35%
 NewMarket Corporation NEU Materials  Materials Mid-Cap Growth 0.34%
 Fox Corporation (Class A) FOXA Communication Services  Communication Services Mid-Cap Value 0.34%
 Enact Holdings, Inc. ACT Financials  Financials Mid-Cap Value 0.34%
 PulteGroup, Inc. PHM Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.33%
 Loews Corporation L Financials  Financials Mid-Cap Value 0.33%
 Exelixis, Inc. EXEL Health Care  Health Care Mid-Cap Growth 0.33%
 Cincinnati Financial Corporation CINF Financials  Financials Mid-Cap Value 0.32%
 Atmos Energy Corporation ATO Utilities  Utilities Large-Cap Value 0.32%
 Snap-on Incorporated SNA Industrials  Industrials Mid-Cap Growth 0.32%
 ESCO Technologies Inc. ESE Industrials  Industrials Mid-Cap Growth 0.31%
 Clear Secure, Inc. (Class A) YOU Information Technology  Information Technology Small-Cap Growth 0.31%
 MGIC Investment Corporation MTG Financials  Financials Small-Cap Value 0.30%
 Portland General Electric Company POR Utilities  Utilities Mid-Cap Value 0.30%
 StoneX Group Inc. SNEX Financials  Financials Mid-Cap Growth 0.30%
 Unum Group UNM Financials  Financials Mid-Cap Value 0.29%
 FTI Consulting, Inc. FCN Industrials  Industrials Small-Cap Growth 0.29%
 Encompass Health Corporation EHC Health Care  Health Care Mid-Cap Growth 0.28%
 Gentex Corporation GNTX Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.28%
 Helmerich & Payne, Inc. HP Energy  Energy Small-Cap Value 0.28%
 The Andersons, Inc. ANDE Consumer Staples  Consumer Staples Small-Cap Growth 0.28%
 Taylor Morrison Home Corporation TMHC Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.28%
 Peabody Energy Corporation BTU Energy  Energy Small-Cap Value 0.28%
 Murphy Oil Corporation MUR Energy  Energy Mid-Cap Value 0.27%
 Grand Canyon Education, Inc. LOPE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.27%
 Meritage Homes Corporation MTH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.26%
 Texas Roadhouse, Inc. TXRH Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.26%
 Avnet, Inc. AVT Information Technology  Information Technology Mid-Cap Value 0.25%
 Mohawk Industries, Inc. MHK Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.25%
 PriceSmart, Inc. PSMT Consumer Staples  Consumer Staples Small-Cap Growth 0.25%
 Warrior Met Coal, Inc. HCC Materials  Materials Small-Cap Growth 0.25%
 National HealthCare Corporation NHC Health Care  Health Care Small-Cap Growth 0.24%
 Federal Signal Corporation FSS Industrials  Industrials Mid-Cap Growth 0.23%
 AptarGroup, Inc. ATR Materials  Materials Mid-Cap Value 0.23%
 Lear Corporation LEA Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.23%
 Laureate Education, Inc. (Class A) LAUR Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.23%
 Ingredion Incorporated INGR Consumer Staples  Consumer Staples Mid-Cap Value 0.22%
 Cal-Maine Foods, Inc. CALM Consumer Staples  Consumer Staples Small-Cap Value 0.22%
 BJ's Wholesale Club Holdings, Inc. BJ Consumer Staples  Consumer Staples Mid-Cap Growth 0.22%
 Urban Outfitters, Inc. URBN Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.21%
 Zimmer Biomet Holdings, Inc. ZBH Health Care  Health Care Mid-Cap Value 0.21%
 Tri Pointe Homes, Inc. TPH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.21%
 Alpha Metallurgical Resources, Inc. AMR Materials  Materials Small-Cap Value 0.21%
 ACADIA Pharmaceuticals Inc. ACAD Health Care  Health Care Small-Cap Growth 0.20%
 Chewy, Inc. (Class A) CHWY Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.20%
 Commvault Systems, Inc. CVLT Information Technology  Information Technology Small-Cap Growth 0.19%
 Stride, Inc. LRN Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.19%
 Corcept Therapeutics Inc. CORT Health Care  Health Care Small-Cap Growth 0.19%
 The Marzetti Company MZTI Consumer Staples  Consumer Staples Small-Cap Growth 0.18%
 Molson Coors Beverage Company TAP Consumer Staples  Consumer Staples Mid-Cap Value 0.18%
 Rush Enterprises, Inc. (Class A) RUSHA Industrials  Industrials Mid-Cap Value 0.18%
 Catalyst Pharmaceuticals, Inc. CPRX Health Care  Health Care Small-Cap Growth 0.18%
 Paycom Software, Inc. PAYC Industrials  Industrials Mid-Cap Growth 0.18%
 DocuSign, Inc. DOCU Information Technology  Information Technology Mid-Cap Growth 0.18%
 Black Hills Corporation BKH Utilities  Utilities Mid-Cap Value 0.17%
 1st Source Corporation SRCE Financials  Financials Small-Cap Value 0.17%
 S&T Bancorp, Inc. STBA Financials  Financials Small-Cap Value 0.17%
 NorthWestern Energy Group, Inc. NWE Utilities  Utilities Small-Cap Value 0.17%
 OSI Systems, Inc. OSIS Information Technology  Information Technology Small-Cap Growth 0.17%
 Bank OZK OZK Financials  Financials Small-Cap Value 0.17%
 Graham Holdings Company GHC Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.16%
 Brady Corporation BRC Industrials  Industrials Small-Cap Growth 0.16%
 M/I Homes, Inc. MHO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.16%
 International Bancshares Corporation IBOC Financials  Financials Small-Cap Value 0.16%
 United States Lime & Minerals, Inc. USLM Materials  Materials Small-Cap Growth 0.16%
 Green Brick Partners, Inc. GRBK Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.16%
 Pilgrim's Pride Corporation PPC Consumer Staples  Consumer Staples Mid-Cap Value 0.16%
 Remitly Global, Inc. RELY Financials  Financials Small-Cap Growth 0.16%
 Otter Tail Corporation OTTR Utilities  Utilities Small-Cap Growth 0.15%
 Harley-Davidson, Inc. HOG Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.15%
 Radian Group Inc. RDN Financials  Financials Small-Cap Value 0.15%
 Abercrombie & Fitch Co. (Class A) ANF Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.15%
 Covista Inc. CVSA Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.15%
 Molina Healthcare, Inc. MOH Health Care  Health Care Mid-Cap Value 0.15%
 McGrath RentCorp MGRC Industrials  Industrials Small-Cap Growth 0.15%
 NMI Holdings, Inc. (Class A) NMIH Financials  Financials Small-Cap Value 0.15%
 Dorman Products, Inc. DORM Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.14%
 Sprouts Farmers Market, Inc. SFM Consumer Staples  Consumer Staples Mid-Cap Growth 0.14%
 Agios Pharmaceuticals, Inc. AGIO Health Care  Health Care Small-Cap Value 0.14%
 Kyndryl Holdings, Inc. KD Information Technology  Information Technology Small-Cap Growth 0.14%
 Avista Corporation AVA Utilities  Utilities Small-Cap Value 0.13%
 The Western Union Company WU Financials  Financials Small-Cap Growth 0.13%
 CorVel Corporation CRVL Health Care  Health Care Small-Cap Growth 0.13%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.12%
 DNOW Inc. DNOW Industrials  Industrials Small-Cap Value 0.12%
 Rayonier Inc. RYN Real Estate  Real Estate Mid-Cap Value 0.11%
 Weis Markets, Inc. WMK Consumer Staples  Consumer Staples Small-Cap Value 0.11%
 National Beverage Corp. FIZZ Consumer Staples  Consumer Staples Small-Cap Growth 0.11%
 Palomar Holdings, Inc. PLMR Financials  Financials Small-Cap Growth 0.11%
 Gibraltar Industries, Inc. ROCK Industrials  Industrials Small-Cap Value 0.10%
 J & J Snack Foods Corp. JJSF Consumer Staples  Consumer Staples Small-Cap Growth 0.08%
 ADMA Biologics, Inc. ADMA Health Care  Health Care Small-Cap Growth 0.07%
 Concentrix Corporation CNXC Industrials  Industrials Small-Cap Value 0.07%
 Flowers Foods, Inc. FLO Consumer Staples  Consumer Staples Small-Cap Value 0.06%
 Intapp, Inc. INTA Information Technology  Information Technology Small-Cap Growth 0.06%
 Versant Media Group, Inc. (Class A) VSNT Communication Services  Communication Services Mid-Cap Value 0.03%
 
Total Number of Holdings:    210
Underlying Securities information represented above is as of 05/05/2026 but will vary with future fluctuations in the market.

Risk Considerations

Unit investment trusts are designed to be held until trust termination. If redeemed early, additional fees, such as remaining deferred sales charges, will be assessed.

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 Staples Risk. The companies engaged in the consumer staples 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.

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 Risk. Market risk is the risk that a particular security, or units of a trust in general may fall in value. Securities are subject to market fluctuations caused by such factors as general economic conditions, political events, regulatory or market developments, changes in interest rates, and perceived trends in securities prices. Units of a trust could decline in value or underperform other investments as a result. In addition, local, regional, or global events such as war, acts of terrorism, spread of infectious disease or other public health issues, recessions, natural disasters, or other events could have significant negative impact on a trust.

REITs Risk. 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.

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, ©2026 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.