Diversified Equity Strategic Allocation, 2nd Qtr 2024  Ticker: FSBTRX
 
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: DE2Q24
Portfolio Status: Secondary
Initial Offer Date: 04/09/2024
Secondary Date: 07/09/2024
Portfolio Ending Date: 07/15/2025
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.9306
POP(*): $10.0665
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 04/03/2025 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 4/3/2025) Per Unit (as of 3/31/2025)
1.63% $0.16440
^ 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 4.10%
Consumer Discretionary  Consumer Discretionary 13.80%
Consumer Staples  Consumer Staples 12.36%
Energy  Energy 10.89%
Financials  Financials 13.83%
Health Care  Health Care 8.55%
Industrials  Industrials 16.08%
Information Technology  Information Technology 9.47%
Materials  Materials 5.72%
Real Estate  Real Estate 0.22%
Utilities  Utilities 4.35%
Other  Other 0.63%
 
  Large Mid Small  
Growth  30.61% 10.44% 5.31%  
Value  39.75% 8.77% 4.49%  

 Style Weighting
Large-Cap Growth 30.61%
Large-Cap Value 39.75%
Mid-Cap Growth 10.44%
Mid-Cap Value 8.77%
Small-Cap Growth 5.31%
Small-Cap Value 4.49%
Undetermined 0.63%
 Composition
U.S. Stocks 80.21%   Other 0.63%
Non-U.S. Stocks 19.16%      
The style and sector characteristics of the portfolio are determined as of 04/02/2025 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $143,748
Price/Earnings 16.09
Price/Book 2.31
As of 4/2/2025
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Howmet Aerospace Inc. HWM Industrials  Industrials Large-Cap Growth 1.59%
 Walmart Inc. WMT Consumer Staples  Consumer Staples Large-Cap Growth 1.19%
 Cheniere Energy, Inc. LNG Energy  Energy Large-Cap Growth 1.19%
 Costco Wholesale Corporation COST Consumer Staples  Consumer Staples Large-Cap Growth 1.09%
 DoorDash, Inc. (Class A) DASH Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.09%
 Altria Group, Inc. MO Consumer Staples  Consumer Staples Large-Cap Value 1.08%
 The Progressive Corporation PGR Financials  Financials Large-Cap Growth 1.06%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 1.05%
 Aflac Incorporated AFL Financials  Financials Large-Cap Value 1.05%
 Xcel Energy Inc. XEL Utilities  Utilities Large-Cap Value 1.04%
 Berkshire Hathaway Inc. (Class B) BRK/B Financials  Financials Large-Cap Value 1.04%
 Republic Services, Inc. RSG Industrials  Industrials Large-Cap Growth 1.04%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Growth 1.02%
 General Electric Company GE Industrials  Industrials Large-Cap Growth 1.01%
 Cardinal Health, Inc. CAH Health Care  Health Care Large-Cap Value 1.00%
 Motorola Solutions, Inc. MSI Information Technology  Information Technology Large-Cap Growth 0.99%
 Wabtec Corporation WAB Industrials  Industrials Large-Cap Value 0.99%
 CME Group Inc. CME Financials  Financials Large-Cap Value 0.97%
 Consolidated Edison, Inc. ED Utilities  Utilities Large-Cap Value 0.96%
 The Hartford Insurance Group, Inc. HIG Financials  Financials Large-Cap Value 0.96%
 Vertex Pharmaceuticals Incorporated VRTX Health Care  Health Care Large-Cap Growth 0.95%
 ResMed Inc. RMD Health Care  Health Care Large-Cap Growth 0.94%
 Cencora Inc. COR Health Care  Health Care Large-Cap Growth 0.92%
 Deere & Company DE Industrials  Industrials Large-Cap Growth 0.91%
 The Travelers Companies, Inc. TRV Financials  Financials Large-Cap Value 0.91%
 DBS Group Holdings Ltd. (ADR) DBSDY Financials  Financials Large-Cap Value 0.91%
 Keurig Dr Pepper Inc. KDP Consumer Staples  Consumer Staples Large-Cap Value 0.91%
 Prosus N.V. (ADR) PROSY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.91%
 HSBC Holdings Plc (ADR) HSBC Financials  Financials Large-Cap Value 0.90%
 Tractor Supply Company TSCO Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.89%
 Muenchener Rueckversicherungs-Gesellschaft AG (MunichRe) (ADR) MURGY Financials  Financials Large-Cap Value 0.88%
 Corteva Inc. CTVA Materials  Materials Large-Cap Value 0.88%
 Cognizant Technology Solutions Corporation CTSH Information Technology  Information Technology Large-Cap Value 0.86%
 Iberdrola S.A. (ADR) IBDRY Utilities  Utilities Large-Cap Value 0.86%
 General Motors Company GM Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.86%
 Arista Networks, Inc. ANET Information Technology  Information Technology Large-Cap Growth 0.86%
 Nintendo Co., Ltd. (ADR) NTDOY Communication Services  Communication Services Large-Cap Growth 0.85%
 Amazon.com, Inc. AMZN Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.84%
 Fastenal Company FAST Industrials  Industrials Large-Cap Growth 0.82%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 0.82%
 Hitachi, Ltd. (ADR) HTHIY Industrials  Industrials Large-Cap Value 0.81%
 Alphabet Inc. (Class A) GOOGL Communication Services  Communication Services Large-Cap Growth 0.80%
 Quanta Services, Inc. PWR Industrials  Industrials Large-Cap Growth 0.79%
 Tokio Marine Holdings, Inc. (ADR) TKOMY Financials  Financials Large-Cap Value 0.79%
 Sprouts Farmers Market, Inc. SFM Consumer Staples  Consumer Staples Mid-Cap Growth 0.79%
 Chugai Pharmaceutical Co., Ltd. (ADR) CHGCY Health Care  Health Care Large-Cap Growth 0.79%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 0.78%
 EOG Resources, Inc. EOG Energy  Energy Large-Cap Value 0.76%
 Chubb Limited CB Financials  Financials Large-Cap Value 0.75%
 Ross Stores, Inc. ROST Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.75%
 AMETEK, Inc. AME Industrials  Industrials Large-Cap Value 0.75%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 0.72%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 0.71%
 FedEx Corporation FDX Industrials  Industrials Large-Cap Value 0.70%
 PepsiCo, Inc. PEP Consumer Staples  Consumer Staples Large-Cap Growth 0.70%
 KDDI Corporation (ADR) KDDIY Communication Services  Communication Services Large-Cap Value 0.68%
 General Mills, Inc. GIS Consumer Staples  Consumer Staples Large-Cap Value 0.67%
 The Hershey Company HSY Consumer Staples  Consumer Staples Large-Cap Growth 0.67%
 Air Liquide S.A. (ADR) AIQUY Materials  Materials Large-Cap Value 0.66%
 Itochu Corp. (ADR) ITOCY Industrials  Industrials Large-Cap Value 0.66%
 D.R. Horton, Inc. DHI Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.65%
 Industria de Diseno Textil, S.A. (ADR) IDEXY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.65%
 PACCAR Inc PCAR Industrials  Industrials Large-Cap Value 0.64%
 ConocoPhillips COP Energy  Energy Large-Cap Value 0.64%
 Agilent Technologies, Inc. A Health Care  Health Care Large-Cap Growth 0.64%
 The Kraft Heinz Company KHC Consumer Staples  Consumer Staples Large-Cap Value 0.64%
 Chewy, Inc. (Class A) CHWY Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.64%
 Shell Plc (ADR) SHEL Energy  Energy Large-Cap Value 0.64%
 Linde Plc LIN Materials  Materials Large-Cap Growth 0.64%
 Diamondback Energy, Inc. FANG Energy  Energy Large-Cap Value 0.62%
 Equinor ASA EQNR Energy  Energy Large-Cap Value 0.61%
 Archer-Daniels-Midland Company ADM Consumer Staples  Consumer Staples Mid-Cap Value 0.60%
 Dell Technologies Inc. (Class C) DELL Information Technology  Information Technology Large-Cap Value 0.60%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 0.58%
 Rio Tinto Plc (ADR) RIO Materials  Materials Large-Cap Value 0.58%
 TotalEnergies SE (ADR) TTE Energy  Energy Large-Cap Value 0.56%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 0.56%
 BP Plc (ADR) BP Energy  Energy Large-Cap Value 0.55%
 Lennar Corporation LEN Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.55%
 L'Oreal S.A. (ADR) LRLCY Consumer Staples  Consumer Staples Large-Cap Growth 0.55%
 Vistra Corp. VST Utilities  Utilities Large-Cap Growth 0.54%
 Regeneron Pharmaceuticals, Inc. REGN Health Care  Health Care Large-Cap Value 0.53%
 Coca-Cola Consolidated, Inc. COKE Consumer Staples  Consumer Staples Mid-Cap Growth 0.53%
 Liberty Broadband Corporation (Class C) LBRDK Communication Services  Communication Services Mid-Cap Value 0.53%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY Communication Services  Communication Services Large-Cap Value 0.52%
 Target Corporation TGT Consumer Staples  Consumer Staples Large-Cap Value 0.50%
 Daiichi Sankyo Company, Limited (ADR) DSNKY Health Care  Health Care Large-Cap Value 0.50%
 Nucor Corporation NUE Materials  Materials Mid-Cap Value 0.49%
 Unum Group UNM Financials  Financials Mid-Cap Value 0.49%
 Canadian Natural Resources Limited CNQ Energy  Energy Large-Cap Value 0.49%
 Mitsui & Co., Ltd. (ADR) MITSY Industrials  Industrials Large-Cap Value 0.49%
 Mueller Industries, Inc. MLI Industrials  Industrials Mid-Cap Growth 0.47%
 EQT Corporation EQT Energy  Energy Large-Cap Value 0.47%
 BJ's Wholesale Club Holdings, Inc. BJ Consumer Staples  Consumer Staples Mid-Cap Growth 0.47%
 Casey's General Stores, Inc. CASY Consumer Staples  Consumer Staples Mid-Cap Growth 0.46%
 Toyota Motor Corporation TM Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.46%
 Tradeweb Markets Inc. (Class A) TW Financials  Financials Large-Cap Growth 0.46%
 Mercedes-Benz Group AG (ADR) MBGYY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.45%
 DocuSign, Inc. DOCU Information Technology  Information Technology Mid-Cap Growth 0.44%
 United Therapeutics Corporation UTHR Health Care  Health Care Mid-Cap Value 0.43%
 Volkswagen AG (ADR) VWAGY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.41%
 Expand Energy Corporation EXE Energy  Energy Mid-Cap Value 0.40%
 Cincinnati Financial Corporation CINF Financials  Financials Mid-Cap Value 0.39%
 MGIC Investment Corporation MTG Financials  Financials Mid-Cap Value 0.39%
 Ingredion Incorporated INGR Consumer Staples  Consumer Staples Mid-Cap Value 0.38%
 Snap-on Incorporated SNA Industrials  Industrials Mid-Cap Growth 0.37%
 The New York Times Company (Class A) NYT Communication Services  Communication Services Mid-Cap Growth 0.36%
 Texas Roadhouse, Inc. TXRH Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.36%
 Novo Nordisk A/S (ADR) NVO Health Care  Health Care Large-Cap Growth 0.34%
 EMCOR Group, Inc. EME Industrials  Industrials Mid-Cap Growth 0.34%
 Comfort Systems USA, Inc. FIX Industrials  Industrials Mid-Cap Growth 0.34%
 Stride, Inc. LRN Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.34%
 Coterra Energy Inc. CTRA Energy  Energy Mid-Cap Value 0.33%
 Erie Indemnity Company ERIE Financials  Financials Mid-Cap Growth 0.33%
 Taylor Morrison Home Corporation TMHC Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.33%
 Hims & Hers Health, Inc. HIMS Health Care  Health Care Mid-Cap Growth 0.33%
 Affiliated Managers Group, Inc. AMG Financials  Financials Small-Cap Growth 0.32%
 Jabil Inc. JBL Information Technology  Information Technology Mid-Cap Growth 0.32%
 Acuity, Inc. AYI Industrials  Industrials Mid-Cap Growth 0.31%
 Molson Coors Beverage Company TAP Consumer Staples  Consumer Staples Mid-Cap Value 0.30%
 PulteGroup, Inc. PHM Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.29%
 Cabot Corporation CBT Materials  Materials Small-Cap Growth 0.29%
 NewMarket Corporation NEU Materials  Materials Mid-Cap Growth 0.29%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.28%
 Eagle Materials Inc. EXP Materials  Materials Mid-Cap Growth 0.28%
 Steel Dynamics, Inc. STLD Materials  Materials Mid-Cap Value 0.28%
 Meritage Homes Corporation MTH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.28%
 Reliance Inc. RS Materials  Materials Mid-Cap Value 0.28%
 Molina Healthcare, Inc. MOH Health Care  Health Care Mid-Cap Growth 0.28%
 AAON, Inc. AAON Industrials  Industrials Mid-Cap Growth 0.28%
 Science Applications International Corporation SAIC Industrials  Industrials Mid-Cap Growth 0.28%
 Hewlett Packard Enterprise Company HPE Information Technology  Information Technology Mid-Cap Value 0.28%
 ACI Worldwide, Inc. ACIW Information Technology  Information Technology Mid-Cap Growth 0.27%
 Toll Brothers, Inc. TOL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.27%
 Deckers Outdoor Corporation DECK Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.27%
 Stellantis N.V. STLA Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.27%
 Ulta Beauty, Inc. ULTA Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.27%
 Arrow Electronics, Inc. ARW Information Technology  Information Technology Mid-Cap Value 0.26%
 Commercial Metals Company CMC Materials  Materials Mid-Cap Value 0.26%
 The Mosaic Company MOS Materials  Materials Mid-Cap Value 0.26%
 FTI Consulting, Inc. FCN Industrials  Industrials Mid-Cap Value 0.25%
 Qualys, Inc. QLYS Information Technology  Information Technology Small-Cap Growth 0.25%
 Medpace Holdings, Inc. MEDP Health Care  Health Care Mid-Cap Growth 0.25%
 AGCO Corporation AGCO Industrials  Industrials Mid-Cap Value 0.24%
 National Fuel Gas Company NFG Utilities  Utilities Mid-Cap Value 0.24%
 Cal-Maine Foods, Inc. CALM Consumer Staples  Consumer Staples Small-Cap Growth 0.24%
 Abercrombie & Fitch Co. (Class A) ANF Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.22%
 FMC Corporation FMC Materials  Materials Mid-Cap Value 0.22%
 CorVel Corporation CRVL Health Care  Health Care Mid-Cap Growth 0.22%
 Grand Canyon Education, Inc. LOPE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.22%
 Lamb Weston Holdings, Inc. LW Consumer Staples  Consumer Staples Mid-Cap Growth 0.22%
 TEGNA Inc. TGNA Communication Services  Communication Services Small-Cap Value 0.21%
 Gentex Corporation GNTX Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.21%
 Plexus Corp. PLXS Information Technology  Information Technology Small-Cap Growth 0.21%
 CNX Resources Corporation CNX Energy  Energy Small-Cap Value 0.21%
 IES Holdings, Inc. IESC Industrials  Industrials Small-Cap Growth 0.21%
 Sanmina Corporation SANM Information Technology  Information Technology Small-Cap Growth 0.20%
 Independent Bank Corp. INDB Financials  Financials Small-Cap Value 0.20%
 Chord Energy Corporation CHRD Energy  Energy Mid-Cap Value 0.20%
 Graham Holdings Company GHC Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.19%
 Harley-Davidson, Inc. HOG Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.19%
 Badger Meter, Inc. BMI Information Technology  Information Technology Mid-Cap Growth 0.19%
 Matson, Inc. MATX Industrials  Industrials Small-Cap Growth 0.19%
 MGE Energy, Inc. MGEE Utilities  Utilities Small-Cap Growth 0.19%
 NMI Holdings, Inc. (Class A) NMIH Financials  Financials Small-Cap Value 0.19%
 ONE Gas, Inc. OGS Utilities  Utilities Small-Cap Growth 0.19%
 Black Hills Corporation BKH Utilities  Utilities Small-Cap Value 0.18%
 Dycom Industries, Inc. DY Industrials  Industrials Small-Cap Growth 0.18%
 First Financial Bancorp. FFBC Financials  Financials Small-Cap Value 0.18%
 International Bancshares Corporation IBOC Financials  Financials Small-Cap Growth 0.18%
 Radian Group Inc. RDN Financials  Financials Small-Cap Value 0.17%
 PriceSmart, Inc. PSMT Consumer Staples  Consumer Staples Small-Cap Growth 0.17%
 Rush Enterprises, Inc. (Class A) RUSHA Industrials  Industrials Small-Cap Growth 0.17%
 CVB Financial Corp. CVBF Financials  Financials Small-Cap Value 0.17%
 HF Sinclair Corp. DINO Energy  Energy Mid-Cap Value 0.17%
 Avnet, Inc. AVT Information Technology  Information Technology Small-Cap Value 0.16%
 Columbia Sportswear Company COLM Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.16%
 Green Brick Partners, Inc. GRBK Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.16%
 National Storage Affiliates Trust NSA Real Estate  Real Estate Small-Cap Growth 0.16%
 Schneider National, Inc. (Class B) SNDR Industrials  Industrials Small-Cap Value 0.16%
 Otter Tail Corporation OTTR Utilities  Utilities Small-Cap Growth 0.15%
 Cogent Communications Holdings, Inc. CCOI Communication Services  Communication Services Small-Cap Growth 0.15%
 ACADIA Pharmaceuticals Inc. ACAD Health Care  Health Care Small-Cap Growth 0.15%
 Hub Group, Inc. HUBG Industrials  Industrials Small-Cap Growth 0.14%
 Bruker Corporation BRKR Health Care  Health Care Mid-Cap Growth 0.14%
 Tri Pointe Homes, Inc. TPH Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.14%
 Premier, Inc. (Class A) PINC Health Care  Health Care Small-Cap Value 0.14%
 Oscar Health, Inc. (Class A) OSCR Financials  Financials Small-Cap Growth 0.14%
 Alamo Group Inc. ALG Industrials  Industrials Small-Cap Growth 0.13%
 Warrior Met Coal, Inc. HCC Materials  Materials Small-Cap Value 0.13%
 Vishay Intertechnology, Inc. VSH Information Technology  Information Technology Small-Cap Value 0.12%
 The Andersons, Inc. ANDE Consumer Staples  Consumer Staples Small-Cap Value 0.12%
 Innospec Inc. IOSP Materials  Materials Small-Cap Growth 0.12%
 Academy Sports and Outdoors, Inc. ASO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.12%
 Patterson-UTI Energy, Inc. PTEN Energy  Energy Small-Cap Value 0.11%
 Photronics, Inc. PLAB Information Technology  Information Technology Small-Cap Value 0.11%
 RPC, Inc. RES Energy  Energy Small-Cap Value 0.11%
 MYR Group Inc. MYRG Industrials  Industrials Small-Cap Growth 0.11%
 Liberty Energy Inc. (Class A) LBRT Energy  Energy Small-Cap Value 0.11%
 Helmerich & Payne, Inc. HP Energy  Energy Small-Cap Value 0.10%
 PBF Energy Inc. PBF Energy  Energy Small-Cap Value 0.10%
 Core Natural Resources Inc. CNR Energy  Energy Small-Cap Growth 0.10%
 CVR Energy, Inc. CVI Energy  Energy Small-Cap Growth 0.09%
 Peabody Energy Corporation BTU Energy  Energy Small-Cap Value 0.09%
 American Eagle Outfitters, Inc. AEO Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.08%
 Grocery Outlet Holding Corp. GO Consumer Staples  Consumer Staples Small-Cap Value 0.08%
 Vital Energy Inc. VTLE Energy  Energy Small-Cap Value 0.06%
 Alpha Metallurgical Resources, Inc. AMR Materials  Materials Small-Cap Value 0.06%
 Millrose Properties, Inc. (Class A) MRP Real Estate  Real Estate Small-Cap Value 0.06%
 
Total Number of Holdings:    209
Underlying Securities information represented above is as of 04/02/2025 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.

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 Products Risk. The companies engaged in the consumer products 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 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.

REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. 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.

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