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: Secondary
Initial Offer Date: 04/10/2024
Secondary Date: 07/10/2024
Portfolio Ending Date: 07/09/2025
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $10.6273
POP(*): $10.7727
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/20/2024 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 12/20/2024) Per Unit (as of 12/20/2024)
1.60% $0.17220
^ 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 7.17%
Consumer Discretionary  Consumer Discretionary 10.17%
Consumer Staples  Consumer Staples 3.10%
Energy  Energy 4.80%
Financials  Financials 18.49%
Health Care  Health Care 5.30%
Industrials  Industrials 20.80%
Information Technology  Information Technology 25.09%
Materials  Materials 1.59%
Real Estate  Real Estate 0.00%
Utilities  Utilities 3.42%
Other  Other 0.07%
 
  Large Mid Small  
Growth  48.81% 5.08% 11.33%  
Value  25.68% 2.42% 6.61%  

 Style Weighting
Large-Cap Growth 48.81%
Large-Cap Value 25.68%
Mid-Cap Growth 5.08%
Mid-Cap Value 2.42%
Small-Cap Growth 11.33%
Small-Cap Value 6.61%
Undetermined 0.07%
 Composition
U.S. Stocks 83.64%   Other 0.07%
Non-U.S. Stocks 16.29%      
The style and sector characteristics of the portfolio are determined as of 12/20/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $439,018
Price/Earnings 16.58
Price/Book 2.53
As of 12/20/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 6.83%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 5.97%
 Meta Platforms Inc. (Class A) META Communication Services  Communication Services Large-Cap Growth 5.08%
 The Goldman Sachs Group, Inc. GS Financials  Financials Large-Cap Value 4.28%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Growth 3.76%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 3.71%
 Honeywell International Inc. HON Industrials  Industrials Large-Cap Growth 3.58%
 Applovin Corp. (Class A) APP Information Technology  Information Technology Large-Cap Growth 3.44%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 2.96%
 Berkshire Hathaway Inc. (Class B) BRK/B Financials  Financials Large-Cap Value 2.24%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 2.13%
 Vistra Corp. VST Utilities  Utilities Large-Cap Growth 1.58%
 Phillips 66 PSX Energy  Energy Large-Cap Value 1.52%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 1.48%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.34%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 1.33%
 Lennar Corporation LEN Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.22%
 Alphabet Inc. (Class A) GOOGL Communication Services  Communication Services Large-Cap Growth 1.10%
 ASML Holding N.V. (New York Registry Shares) ASML Information Technology  Information Technology Large-Cap Growth 1.00%
 British American Tobacco Plc BATS.LN Consumer Staples  Consumer Staples Large-Cap Value 0.95%
 HCA Healthcare, Inc. HCA Health Care  Health Care Large-Cap Value 0.95%
 GoDaddy Inc. (Class A) GDDY Information Technology  Information Technology Mid-Cap Growth 0.93%
 HSBC Holdings Plc HSBA.LN Financials  Financials Large-Cap Value 0.91%
 Builders FirstSource, Inc. BLDR Industrials  Industrials Mid-Cap Growth 0.89%
 Enel SpA ENEL.IM Utilities  Utilities Large-Cap Value 0.86%
 Intesa Sanpaolo SpA ISP.IM Financials  Financials Large-Cap Value 0.85%
 Bread Financial Holdings Inc. BFH Financials  Financials Small-Cap Value 0.85%
 W.W. Grainger, Inc. GWW Industrials  Industrials Large-Cap Growth 0.83%
 CaixaBank, S.A. CABK.SM Financials  Financials Large-Cap Value 0.79%
 The Bancorp, Inc. TBBK Financials  Financials Small-Cap Growth 0.79%
 Enova International, Inc. ENVA Financials  Financials Small-Cap Growth 0.75%
 AXA S.A. CS.FP Financials  Financials Large-Cap Value 0.73%
 Engie S.A. ENGI.FP Utilities  Utilities Large-Cap Value 0.72%
 Colgate-Palmolive Company CL Consumer Staples  Consumer Staples Large-Cap Growth 0.71%
 EMCOR Group, Inc. EME Industrials  Industrials Mid-Cap Growth 0.71%
 Nordea Bank Abp NDA.FH Financials  Financials Large-Cap Value 0.71%
 ING Groep N.V. INGA.NA Financials  Financials Large-Cap Value 0.70%
 The Cheesecake Factory Incorporated CAKE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.69%
 Rio Tinto Plc RIO.LN Materials  Materials Large-Cap Value 0.69%
 Credit Agricole S.A. ACA.FP Financials  Financials Large-Cap Value 0.69%
 Volvo AB (Class B) VOLVB.SS Industrials  Industrials Large-Cap Value 0.68%
 Enerpac Tool Group Corp. EPAC Industrials  Industrials Small-Cap Growth 0.67%
 Orange ORA.FP Communication Services  Communication Services Mid-Cap Value 0.66%
 BNP Paribas S.A. BNP.FP Financials  Financials Large-Cap Value 0.64%
 Upwork Inc. UPWK Industrials  Industrials Small-Cap Growth 0.64%
 Equinor ASA EQNR.NO Energy  Energy Large-Cap Value 0.63%
 Eni SpA ENI.IM Energy  Energy Large-Cap Value 0.61%
 QUALCOMM Incorporated QCOM Information Technology  Information Technology Large-Cap Growth 0.61%
 Sonic Automotive, Inc. SAH Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.61%
 The Vita Coco Company, Inc. COCO Consumer Staples  Consumer Staples Small-Cap Growth 0.60%
 BASF SE BAS.GY Materials  Materials Large-Cap Value 0.59%
 Huron Consulting Group Inc. HURN Industrials  Industrials Small-Cap Growth 0.59%
 AerCap Holdings N.V. AER Industrials  Industrials Mid-Cap Value 0.59%
 Triumph Financial, Inc. TFIN Financials  Financials Small-Cap Growth 0.59%
 Booking Holdings Inc. BKNG Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.58%
 The Greenbrier Companies, Inc. GBX Industrials  Industrials Small-Cap Value 0.54%
 The Chefs' Warehouse, Inc. CHEF Consumer Staples  Consumer Staples Small-Cap Growth 0.54%
 Edwards Lifesciences Corporation EW Health Care  Health Care Large-Cap Value 0.53%
 Pathward Financial Inc. CASH Financials  Financials Small-Cap Growth 0.53%
 Mercedes-Benz Group AG MBG.GY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.52%
 La-Z-Boy Incorporated LZB Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.51%
 Comfort Systems USA, Inc. FIX Industrials  Industrials Mid-Cap Growth 0.50%
 LendingClub Corporation LC Financials  Financials Small-Cap Value 0.50%
 PDD Holdings Inc. (ADR) PDD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.48%
 World Kinect Corp. WKC Energy  Energy Small-Cap Value 0.45%
 Volkswagen AG VOW.GY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.45%
 Virtus Investment Partners, Inc. VRTS Financials  Financials Small-Cap Growth 0.45%
 WisdomTree, Inc. WT Financials  Financials Small-Cap Growth 0.45%
 Toll Brothers, Inc. TOL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.42%
 Veritex Holdings, Inc. VBTX Financials  Financials Small-Cap Value 0.42%
 Hope Bancorp, Inc. HOPE Financials  Financials Small-Cap Value 0.41%
 Winmark Corporation WINA Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.40%
 U.S. Physical Therapy, Inc. USPH Health Care  Health Care Small-Cap Growth 0.39%
 DNOW Inc. DNOW Industrials  Industrials Small-Cap Value 0.39%
 Steelcase Inc. SCS Industrials  Industrials Small-Cap Value 0.38%
 Napco Security Technologies, Inc. NSSC Information Technology  Information Technology Small-Cap Growth 0.37%
 Stellantis N.V. STLAM.IM Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.37%
 Celestica Inc. CLS Information Technology  Information Technology Mid-Cap Growth 0.36%
 RPC, Inc. RES Energy  Energy Small-Cap Value 0.34%
 NV5 Global, Inc. NVEE Industrials  Industrials Small-Cap Value 0.34%
 Kaiser Aluminum Corporation KALU Materials  Materials Small-Cap Growth 0.31%
 Allison Transmission Holdings, Inc. ALSN Industrials  Industrials Mid-Cap Growth 0.31%
 Airbnb, Inc. (Class A) ABNB Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.31%
 Crescent Energy Inc. (Class A) CRGY Energy  Energy Small-Cap Value 0.31%
 The Gap, Inc. GAP Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.30%
 Kforce Inc. KFRC Industrials  Industrials Small-Cap Growth 0.30%
 Acuity Brands, Inc. AYI Industrials  Industrials Mid-Cap Growth 0.30%
 Marriott International, Inc. MAR Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.29%
 Advanced Drainage Systems, Inc. WMS Industrials  Industrials Mid-Cap Growth 0.29%
 Collegium Pharmaceutical, Inc. COLL Health Care  Health Care Small-Cap Growth 0.28%
 Camping World Holdings, Inc. (Class A) CWH Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.27%
 ProPetro Holding Corp. PUMP Energy  Energy Small-Cap Value 0.27%
 Masco Corporation MAS Industrials  Industrials Mid-Cap Value 0.26%
 Sterling Infrastructure Inc. STRL Industrials  Industrials Small-Cap Growth 0.26%
 Constellation Energy Corporation CEG Utilities  Utilities Large-Cap Growth 0.26%
 ConocoPhillips COP Energy  Energy Large-Cap Value 0.25%
 SkyWest, Inc. SKYW Industrials  Industrials Small-Cap Growth 0.23%
 Dillard's, Inc. (Class A) DDS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.22%
 Wabash National Corporation WNC Industrials  Industrials Small-Cap Growth 0.22%
 BJ's Restaurants, Inc. BJRI Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.22%
 PACCAR Inc PCAR Industrials  Industrials Large-Cap Value 0.20%
 PVH Corp. PVH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.20%
 Brown-Forman Corporation BF/B Consumer Staples  Consumer Staples Mid-Cap Growth 0.19%
 Modine Manufacturing Company MOD Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.19%
 Align Technology, Inc. ALGN Health Care  Health Care Mid-Cap Growth 0.19%
 MarineMax, Inc. HZO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.18%
 Netflix, Inc. NFLX Communication Services  Communication Services Large-Cap Growth 0.17%
 Scholastic Corporation SCHL Communication Services  Communication Services Small-Cap Value 0.16%
 Fastenal Company FAST Industrials  Industrials Large-Cap Growth 0.15%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.15%
 Aflac Incorporated AFL Financials  Financials Large-Cap Value 0.13%
 American Woodmark Corporation AMWD Industrials  Industrials Small-Cap Value 0.12%
 Diamondback Energy, Inc. FANG Energy  Energy Large-Cap Value 0.12%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 0.11%
 Bunge Global S.A. BG Consumer Staples  Consumer Staples Mid-Cap Value 0.11%
 Designer Brands Inc. DBI Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.10%
 PBF Energy Inc. PBF Energy  Energy Small-Cap Value 0.10%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 0.09%
 The Hartford Financial Services Group, Inc. HIG Financials  Financials Large-Cap Value 0.08%
 PulteGroup, Inc. PHM Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.08%
 Dave & Buster's Entertainment, Inc. PLAY Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.07%
 
Total Number of Holdings:    121
Underlying Securities information represented above is as of 12/20/2024 but will vary with future fluctuations in the market.

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.

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.

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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