Target VIP, 4th Qtr 2024  Ticker: FIVAMX
 
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: VP4Q24
Portfolio Status: Primary
Initial Offer Date: 10/10/2024
Portfolio Ending Date: 01/09/2026
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $10.1767
POP(*): $10.3175
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 11/20/2024 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 11/20/2024) Per Unit (as of 11/18/2024)
1.59% $0.16370
^ 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 8.03%
Consumer Discretionary  Consumer Discretionary 9.81%
Consumer Staples  Consumer Staples 4.62%
Energy  Energy 4.23%
Financials  Financials 17.71%
Health Care  Health Care 9.14%
Industrials  Industrials 19.41%
Information Technology  Information Technology 24.25%
Materials  Materials 1.64%
Real Estate  Real Estate 0.00%
Utilities  Utilities 1.03%
Other  Other 0.13%
 
  Large Mid Small  
Growth  45.19% 3.21% 12.77%  
Value  30.27% 1.75% 6.68%  

 Style Weighting
Large-Cap Growth 45.19%
Large-Cap Value 30.27%
Mid-Cap Growth 3.21%
Mid-Cap Value 1.75%
Small-Cap Growth 12.77%
Small-Cap Value 6.68%
Undetermined 0.13%
 Composition
U.S. Stocks 80.52%   Other 0.13%
Non-U.S. Stocks 19.35%      
The style and sector characteristics of the portfolio are determined as of 11/20/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $672,490
Price/Earnings 16.10
Price/Book 2.45
As of 11/20/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 8.15%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 4.41%
 Taiwan Semiconductor Manufacturing Company Ltd. (ADR) TSM Information Technology  Information Technology Large-Cap Growth 4.07%
 The Goldman Sachs Group, Inc. GS Financials  Financials Large-Cap Value 3.78%
 Meta Platforms Inc. (Class A) META Communication Services  Communication Services Large-Cap Growth 3.61%
 Honeywell International Inc. HON Industrials  Industrials Large-Cap Growth 3.52%
 Alphabet Inc. (Class A) GOOGL Communication Services  Communication Services Large-Cap Growth 3.51%
 American Express Company AXP Financials  Financials Large-Cap Growth 3.44%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 3.17%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 3.08%
 HCA Healthcare, Inc. HCA Health Care  Health Care Large-Cap Value 2.83%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 2.43%
 Altria Group, Inc. MO Consumer Staples  Consumer Staples Large-Cap Value 2.34%
 Applovin Corp. (Class A) APP Information Technology  Information Technology Large-Cap Growth 2.04%
 Booking Holdings Inc. BKNG Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.48%
 Fiserv, Inc. FI Financials  Financials Large-Cap Value 1.13%
 The GEO Group, Inc. GEO Industrials  Industrials Small-Cap Growth 1.04%
 Fair Isaac Corporation FICO Information Technology  Information Technology Large-Cap Value 1.00%
 Cintas Corporation CTAS Industrials  Industrials Large-Cap Growth 0.99%
 British American Tobacco Plc BATS.LN Consumer Staples  Consumer Staples Large-Cap Value 0.84%
 HSBC Holdings Plc HSBA.LN Financials  Financials Large-Cap Value 0.84%
 Nordea Bank Abp NDA.FH Financials  Financials Large-Cap Value 0.79%
 Equinor ASA EQNR.NO Energy  Energy Large-Cap Value 0.78%
 CaixaBank, S.A. CABK.SM Financials  Financials Large-Cap Value 0.78%
 Stellantis N.V. STLAM.IM Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.78%
 PayPal Holdings, Inc. PYPL Financials  Financials Large-Cap Value 0.78%
 Rio Tinto Plc RIO.LN Materials  Materials Large-Cap Value 0.76%
 Banco Bilbao Vizcaya Argentaria, S.A. BBVA.SM Financials  Financials Large-Cap Value 0.76%
 Eni SpA ENI.IM Energy  Energy Large-Cap Value 0.75%
 Intesa Sanpaolo SpA ISP.IM Financials  Financials Large-Cap Value 0.75%
 PulteGroup, Inc. PHM Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.74%
 Credit Agricole S.A. ACA.FP Financials  Financials Large-Cap Value 0.74%
 Volvo AB (Class B) VOLVB.SS Industrials  Industrials Large-Cap Value 0.74%
 BP Plc BP/.LN Energy  Energy Large-Cap Value 0.73%
 BNP Paribas S.A. BNP.FP Financials  Financials Large-Cap Value 0.73%
 Enel SpA ENEL.IM Utilities  Utilities Large-Cap Value 0.73%
 ING Groep N.V. INGA.NA Financials  Financials Large-Cap Value 0.72%
 Mercedes-Benz Group AG MBG.GY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.71%
 BASF SE BAS.GY Materials  Materials Large-Cap Value 0.70%
 Bayerische Motoren Werke (BMW) AG BMW.GY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.69%
 Volkswagen AG VOW.GY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.67%
 TTM Technologies, Inc. TTMI Information Technology  Information Technology Small-Cap Value 0.66%
 CoreCivic, Inc. CXW Industrials  Industrials Small-Cap Value 0.65%
 Revolve Group, Inc. RVLV Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.64%
 Federal Agricultural Mortgage Corporation (Class C) AGM Financials  Financials Small-Cap Growth 0.59%
 Hillman Solutions Corp. HLMN Industrials  Industrials Small-Cap Growth 0.59%
 Sonic Automotive, Inc. SAH Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.58%
 VSE Corporation VSEC Industrials  Industrials Small-Cap Growth 0.58%
 eBay Inc. EBAY Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.57%
 Aflac Incorporated AFL Financials  Financials Large-Cap Value 0.56%
 The Greenbrier Companies, Inc. GBX Industrials  Industrials Small-Cap Value 0.55%
 H&E Equipment Services, Inc. HEES Industrials  Industrials Small-Cap Growth 0.55%
 W.W. Grainger, Inc. GWW Industrials  Industrials Large-Cap Growth 0.54%
 Pathward Financial Inc. CASH Financials  Financials Small-Cap Growth 0.54%
 Supernus Pharmaceuticals, Inc. SUPN Health Care  Health Care Small-Cap Growth 0.54%
 Apogee Enterprises, Inc. APOG Industrials  Industrials Small-Cap Growth 0.51%
 MannKind Corporation MNKD Health Care  Health Care Small-Cap Value 0.51%
 WisdomTree, Inc. WT Financials  Financials Small-Cap Growth 0.47%
 GoDaddy Inc. (Class A) GDDY Information Technology  Information Technology Mid-Cap Growth 0.47%
 World Kinect Corp. WKC Energy  Energy Small-Cap Value 0.46%
 Tennant Company TNC Industrials  Industrials Small-Cap Growth 0.44%
 T-Mobile US, Inc. TMUS Communication Services  Communication Services Large-Cap Value 0.44%
 DNOW Inc. DNOW Industrials  Industrials Small-Cap Value 0.44%
 Photronics, Inc. PLAB Information Technology  Information Technology Small-Cap Value 0.43%
 Steelcase Inc. SCS Industrials  Industrials Small-Cap Value 0.42%
 REV Group, Inc. REVG Industrials  Industrials Small-Cap Growth 0.42%
 American Woodmark Corporation AMWD Industrials  Industrials Small-Cap Value 0.41%
 Veeco Instruments Inc. VECO Information Technology  Information Technology Small-Cap Growth 0.41%
 Select Water Solutions, Inc. (Class A) WTTR Energy  Energy Small-Cap Growth 0.41%
 Verint Systems Inc. VRNT Information Technology  Information Technology Small-Cap Growth 0.39%
 Colgate-Palmolive Company CL Consumer Staples  Consumer Staples Large-Cap Growth 0.38%
 Universal Corporation UVV Consumer Staples  Consumer Staples Small-Cap Value 0.38%
 Harmonic Inc. HLIT Information Technology  Information Technology Small-Cap Growth 0.38%
 Carlisle Companies Incorporated CSL Industrials  Industrials Mid-Cap Growth 0.38%
 Arhaus, Inc. (Class A) ARHS Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.37%
 G-III Apparel Group, Ltd. GIII Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.35%
 ACM Research, Inc. (Class A) ACMR Information Technology  Information Technology Small-Cap Value 0.35%
 Centrus Energy Corp. (Class A) LEU Energy  Energy Small-Cap Growth 0.34%
 Mettler-Toledo International Inc. MTD Health Care  Health Care Mid-Cap Value 0.34%
 Netflix, Inc. NFLX Communication Services  Communication Services Large-Cap Growth 0.33%
 A10 Networks, Inc. ATEN Information Technology  Information Technology Small-Cap Growth 0.33%
 ScanSource, Inc. SCSC Information Technology  Information Technology Small-Cap Value 0.32%
 Intuitive Surgical, Inc. ISRG Health Care  Health Care Large-Cap Growth 0.31%
 HCI Group, Inc. HCI Financials  Financials Small-Cap Growth 0.31%
 EOG Resources, Inc. EOG Energy  Energy Large-Cap Value 0.30%
 Dick's Sporting Goods, Inc. DKS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.30%
 Texas Instruments Incorporated TXN Information Technology  Information Technology Large-Cap Growth 0.29%
 Toll Brothers, Inc. TOL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.29%
 Caleres, Inc. CAL Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.29%
 Tenet Healthcare Corporation THC Health Care  Health Care Mid-Cap Growth 0.28%
 Collegium Pharmaceutical, Inc. COLL Health Care  Health Care Small-Cap Growth 0.28%
 Beazer Homes USA, Inc. BZH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.27%
 Universal Health Services, Inc. (Class B) UHS Health Care  Health Care Mid-Cap Value 0.26%
 Turning Point Brands, Inc. TPB Consumer Staples  Consumer Staples Small-Cap Growth 0.25%
 Insulet Corporation PODD Health Care  Health Care Mid-Cap Growth 0.24%
 Kimberly-Clark Corporation KMB Consumer Staples  Consumer Staples Large-Cap Growth 0.23%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 0.23%
 NVR, Inc. NVR Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.23%
 BJ's Restaurants, Inc. BJRI Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.22%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 0.21%
 Sprouts Farmers Market, Inc. SFM Consumer Staples  Consumer Staples Mid-Cap Growth 0.20%
 A-Mark Precious Metals, Inc. AMRK Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.20%
 Builders FirstSource, Inc. BLDR Industrials  Industrials Mid-Cap Growth 0.19%
 Fortinet, Inc. FTNT Information Technology  Information Technology Large-Cap Growth 0.19%
 Mueller Water Products, Inc. MWA Industrials  Industrials Small-Cap Growth 0.18%
 Matson, Inc. MATX Industrials  Industrials Small-Cap Growth 0.18%
 Ramaco Resources, Inc. (Class A) METC Materials  Materials Small-Cap Growth 0.18%
 Doximity, Inc. (Class A) DOCS Health Care  Health Care Mid-Cap Growth 0.18%
 DaVita Inc. DVA Health Care  Health Care Mid-Cap Growth 0.17%
 Powell Industries, Inc. POWL Industrials  Industrials Small-Cap Growth 0.17%
 Tecnoglass Inc. TGLS Industrials  Industrials Small-Cap Growth 0.17%
 American Electric Power Company, Inc. AEP Utilities  Utilities Large-Cap Value 0.16%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.16%
 Brady Corporation BRC Industrials  Industrials Small-Cap Growth 0.15%
 Diamondback Energy, Inc. FANG Energy  Energy Large-Cap Value 0.15%
 Life Time Group Holdings, Inc. LTH Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.15%
 Constellation Energy Corporation CEG Utilities  Utilities Large-Cap Growth 0.14%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 0.13%
 Regeneron Pharmaceuticals, Inc. REGN Health Care  Health Care Large-Cap Value 0.12%
 Crocs, Inc. CROX Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.12%
 Liberty Latin America Ltd. (Class A) LILA Communication Services  Communication Services Small-Cap Value 0.12%
 Devon Energy Corporation DVN Energy  Energy Mid-Cap Value 0.10%
 Fox Corporation (Class A) FOXA Communication Services  Communication Services Mid-Cap Value 0.02%
 
Total Number of Holdings:    123
Underlying Securities information represented above is as of 11/20/2024 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.06%
  Deferred:  1.31%
C&D Fee:    0.48%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30337N522 Cash Semi-Annual
30337N530 Reinvest Semi-Annual
* Based on the offer price as of 11/20/2024 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.49%
Maximum Sales Charge:   0.49%
CUSIP Type Distribution
30337N548 Cash-Fee Semi-Annual
30337N555 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 11/20/2024 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.

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.

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