Target VIP, 3rd Qtr 2024  Ticker: FZNGHX
 
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: VP3Q24
Portfolio Status: Secondary
Initial Offer Date: 07/10/2024
Secondary Date: 10/10/2024
Portfolio Ending Date: 10/09/2025
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.9310
POP(*): $10.0669
Remaining Deferred Sales Charge: $0.0450
* 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)
1.51% $0.15240
^ 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 11.01%
Consumer Discretionary  Consumer Discretionary 10.11%
Consumer Staples  Consumer Staples 3.45%
Energy  Energy 3.44%
Financials  Financials 21.39%
Health Care  Health Care 7.65%
Industrials  Industrials 16.14%
Information Technology  Information Technology 22.32%
Materials  Materials 2.02%
Real Estate  Real Estate 0.00%
Utilities  Utilities 2.06%
Other  Other 0.41%
 
  Large Mid Small  
Growth  47.35% 2.87% 12.88%  
Value  28.63% 1.34% 6.52%  

 Style Weighting
Large-Cap Growth 47.35%
Large-Cap Value 28.63%
Mid-Cap Growth 2.87%
Mid-Cap Value 1.34%
Small-Cap Growth 12.88%
Small-Cap Value 6.52%
Undetermined 0.41%
 Composition
U.S. Stocks 79.11%   Other 0.41%
Non-U.S. Stocks 20.48%      
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 $617,789
Price/Earnings 15.69
Price/Book 2.41
As of 11/20/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 4.59%
 Alphabet Inc. (Class A) GOOGL Communication Services  Communication Services Large-Cap Growth 4.15%
 Taiwan Semiconductor Manufacturing Company Ltd. (ADR) TSM Information Technology  Information Technology Large-Cap Growth 4.08%
 The Goldman Sachs Group, Inc. GS Financials  Financials Large-Cap Value 4.06%
 American Express Company AXP Financials  Financials Large-Cap Growth 3.97%
 Alphabet Inc. (Class C) GOOG Communication Services  Communication Services Large-Cap Growth 3.76%
 Caterpillar Inc. CAT Industrials  Industrials Large-Cap Growth 3.74%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 3.71%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 3.59%
 Honeywell International Inc. HON Industrials  Industrials Large-Cap Growth 3.46%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 3.41%
 Meta Platforms Inc. (Class A) META Communication Services  Communication Services Large-Cap Growth 2.75%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 2.44%
 Berkshire Hathaway Inc. (Class B) BRK/B Financials  Financials Large-Cap Value 2.16%
 Booking Holdings Inc. BKNG Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.78%
 British American Tobacco Plc BATS.LN Consumer Staples  Consumer Staples Large-Cap Value 0.95%
 Dell Technologies Inc. (Class C) DELL Information Technology  Information Technology Large-Cap Value 0.91%
 HCA Healthcare, Inc. HCA Health Care  Health Care Large-Cap Value 0.89%
 HSBC Holdings Plc HSBA.LN Financials  Financials Large-Cap Value 0.86%
 AXA S.A. CS.FP Financials  Financials Large-Cap Value 0.84%
 National Grid Plc NG/.LN Utilities  Utilities Large-Cap Value 0.84%
 CaixaBank, S.A. CABK.SM Financials  Financials Large-Cap Value 0.83%
 McKesson Corporation MCK Health Care  Health Care Large-Cap Value 0.82%
 Intesa Sanpaolo SpA ISP.IM Financials  Financials Large-Cap Value 0.82%
 Enel SpA ENEL.IM Utilities  Utilities Large-Cap Value 0.77%
 Credit Agricole S.A. ACA.FP Financials  Financials Large-Cap Value 0.77%
 Volvo AB (Class B) VOLVB.SS Industrials  Industrials Large-Cap Value 0.77%
 Enova International, Inc. ENVA Financials  Financials Small-Cap Growth 0.77%
 Eni SpA ENI.IM Energy  Energy Large-Cap Value 0.76%
 Rio Tinto Plc RIO.LN Materials  Materials Large-Cap Value 0.76%
 Nordea Bank Abp NDA.FH Financials  Financials Large-Cap Value 0.76%
 BASF SE BAS.GY Materials  Materials Large-Cap Value 0.74%
 BNP Paribas S.A. BNP.FP Financials  Financials Large-Cap Value 0.74%
 W.W. Grainger, Inc. GWW Industrials  Industrials Large-Cap Growth 0.71%
 Equinor ASA EQNR.NO Energy  Energy Large-Cap Value 0.71%
 ING Groep N.V. INGA.NA Financials  Financials Large-Cap Value 0.71%
 Banner Corporation BANR Financials  Financials Small-Cap Value 0.70%
 Catalyst Pharmaceuticals, Inc. CPRX Health Care  Health Care Small-Cap Growth 0.70%
 CoreCivic, Inc. CXW Industrials  Industrials Small-Cap Value 0.68%
 The Buckle, Inc. BKE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.67%
 Standex International Corporation SXI Industrials  Industrials Small-Cap Growth 0.67%
 Triumph Financial, Inc. TFIN Financials  Financials Small-Cap Growth 0.65%
 Mercedes-Benz Group AG MBG.GY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.63%
 The Greenbrier Companies, Inc. GBX Industrials  Industrials Small-Cap Value 0.63%
 General Motors Company GM Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.63%
 GoDaddy Inc. (Class A) GDDY Information Technology  Information Technology Mid-Cap Growth 0.63%
 Applovin Corp. (Class A) APP Information Technology  Information Technology Large-Cap Growth 0.63%
 Bayerische Motoren Werke (BMW) AG BMW.GY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.62%
 Altria Group, Inc. MO Consumer Staples  Consumer Staples Large-Cap Value 0.59%
 Sonic Automotive, Inc. SAH Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.59%
 Volkswagen AG VOW.GY Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.59%
 The Vita Coco Company, Inc. COCO Consumer Staples  Consumer Staples Small-Cap Growth 0.59%
 Huron Consulting Group Inc. HURN Industrials  Industrials Small-Cap Growth 0.57%
 Pathward Financial Inc. CASH Financials  Financials Small-Cap Growth 0.57%
 Upwork Inc. UPWK Industrials  Industrials Small-Cap Growth 0.55%
 Stellantis N.V. STLAM.IM Consumer Discretionary  Consumer Discretionary Large-Cap Value 0.53%
 MannKind Corporation MNKD Health Care  Health Care Small-Cap Value 0.51%
 La-Z-Boy Incorporated LZB Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.49%
 Perdoceo Education Corp. PRDO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.49%
 WisdomTree, Inc. WT Financials  Financials Small-Cap Growth 0.49%
 The Chefs' Warehouse, Inc. CHEF Consumer Staples  Consumer Staples Small-Cap Growth 0.49%
 Customers Bancorp, Inc. CUBI Financials  Financials Small-Cap Value 0.49%
 Otis Worldwide Corporation OTIS Industrials  Industrials Large-Cap Value 0.49%
 World Kinect Corp. WKC Energy  Energy Small-Cap Value 0.48%
 PulteGroup, Inc. PHM Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.48%
 MillerKnoll Inc. MLKN Industrials  Industrials Small-Cap Value 0.47%
 Colgate-Palmolive Company CL Consumer Staples  Consumer Staples Large-Cap Growth 0.47%
 Virtus Investment Partners, Inc. VRTS Financials  Financials Small-Cap Growth 0.47%
 Tennant Company TNC Industrials  Industrials Small-Cap Growth 0.46%
 DNOW Inc. DNOW Industrials  Industrials Small-Cap Value 0.44%
 Steelcase Inc. SCS Industrials  Industrials Small-Cap Value 0.42%
 American Woodmark Corporation AMWD Industrials  Industrials Small-Cap Value 0.42%
 Select Water Solutions, Inc. (Class A) WTTR Energy  Energy Small-Cap Growth 0.42%
 Winmark Corporation WINA Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.40%
 ASML Holding N.V. (New York Registry Shares) ASML Information Technology  Information Technology Large-Cap Growth 0.37%
 G-III Apparel Group, Ltd. GIII Consumer Discretionary  Consumer Discretionary Small-Cap Value 0.37%
 Centrus Energy Corp. (Class A) LEU Energy  Energy Small-Cap Growth 0.36%
 Kaiser Aluminum Corporation KALU Materials  Materials Small-Cap Growth 0.35%
 ACM Research, Inc. (Class A) ACMR Information Technology  Information Technology Small-Cap Value 0.34%
 HCI Group, Inc. HCI Financials  Financials Small-Cap Growth 0.32%
 ConocoPhillips COP Energy  Energy Large-Cap Value 0.30%
 Rollins, Inc. ROL Industrials  Industrials Mid-Cap Growth 0.30%
 ANI Pharmaceuticals, Inc. ANIP Health Care  Health Care Small-Cap Growth 0.30%
 Janus International Group, Inc. JBI Industrials  Industrials Small-Cap Growth 0.30%
 Caleres, Inc. CAL Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.29%
 Fiserv, Inc. FI Financials  Financials Large-Cap Value 0.28%
 Hovnanian Enterprises, Inc. (Class A) HOV Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.28%
 Sterling Infrastructure Inc. STRL Industrials  Industrials Mid-Cap Growth 0.28%
 Sprouts Farmers Market, Inc. SFM Consumer Staples  Consumer Staples Mid-Cap Growth 0.28%
 Collegium Pharmaceutical, Inc. COLL Health Care  Health Care Small-Cap Growth 0.28%
 Vistra Corp. VST Utilities  Utilities Large-Cap Growth 0.27%
 Comfort Systems USA, Inc. FIX Industrials  Industrials Mid-Cap Growth 0.26%
 QUALCOMM Incorporated QCOM Information Technology  Information Technology Large-Cap Growth 0.25%
 Celestica Inc. CLS Information Technology  Information Technology Mid-Cap Growth 0.24%
 PDD Holdings Inc. (ADR) PDD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.24%
 BJ's Restaurants, Inc. BJRI Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.23%
 Mettler-Toledo International Inc. MTD Health Care  Health Care Mid-Cap Value 0.23%
 Toll Brothers, Inc. TOL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.22%
 DaVita Inc. DVA Health Care  Health Care Mid-Cap Growth 0.20%
 Tenet Healthcare Corporation THC Health Care  Health Care Mid-Cap Growth 0.19%
 PACCAR Inc PCAR Industrials  Industrials Large-Cap Value 0.18%
 Netflix, Inc. NFLX Communication Services  Communication Services Large-Cap Growth 0.18%
 Constellation Energy Corporation CEG Utilities  Utilities Large-Cap Growth 0.18%
 Millicom International Cellular S.A. TIGO Communication Services  Communication Services Small-Cap Value 0.17%
 Carlisle Companies Incorporated CSL Industrials  Industrials Mid-Cap Growth 0.17%
 AerCap Holdings N.V. AER Industrials  Industrials Mid-Cap Value 0.17%
 Ramaco Resources, Inc. (Class A) METC Materials  Materials Small-Cap Growth 0.17%
 NetApp, Inc. NTAP Information Technology  Information Technology Mid-Cap Growth 0.16%
 Dick's Sporting Goods, Inc. DKS Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.16%
 Domino's Pizza, Inc. DPZ Consumer Discretionary  Consumer Discretionary Mid-Cap Value 0.16%
 Diamondback Energy, Inc. FANG Energy  Energy Large-Cap Value 0.15%
 Airbnb, Inc. (Class A) ABNB Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.15%
 Aflac Incorporated AFL Financials  Financials Large-Cap Value 0.13%
 Cirrus Logic, Inc. CRUS Information Technology  Information Technology Small-Cap Growth 0.13%
 NXP Semiconductors N.V. NXPI Information Technology  Information Technology Large-Cap Growth 0.13%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 0.13%
 Phillips 66 PSX Energy  Energy Large-Cap Value 0.13%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 0.12%
 Organon & Co. OGN Health Care  Health Care Small-Cap Growth 0.12%
 Crocs, Inc. CROX Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.11%
 Bunge Global S.A. BG Consumer Staples  Consumer Staples Mid-Cap Value 0.08%
 
Total Number of Holdings:    121
Underlying Securities information represented above is as of 11/20/2024 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 October 18, 2024
$0.04500 November 20, 2024
$0.04500 December 20, 2024

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.

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.

Technology Risk. The companies engaged in the information technology sector are subject to fierce competition, high research and development costs, and their products and services may be subject to rapid obsolescence. Technology company stocks, especially those which are Internet-related, may experience extreme price and volume fluctuations that are often unrelated to their operating performance.

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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