The First Trust Dividend Growth Target Term Fund 2036 is a unit investment trust (UIT) designed to provide investors with targeted exposure to equities that exhibit the potential for both capital appreciation and consistent dividend growth over time. Its primary objective is to deliver an above-average total return through a combination of dividend income and long-term capital gains, although there is no guarantee this aim will be achieved. The fund operates with a specific maturity date in 2036, making it suitable for investors with a defined investment horizon who seek dividend growth strategies within a structured timeline. By focusing on companies with strong histories of dividend increases, the fund targets sectors commonly associated with stable cash flows and reliable payout records, such as consumer staples, health care, financials, and industrials. As a target term UIT, the fund systematically liquidates its holdings at maturity, returning capital to investors. This structure can be particularly appealing for those seeking a disciplined approach to equity income and a clear end-date for reinvestment planning. The First Trust Dividend Growth Target Term Fund 2036 plays a specialized role for investors aiming for income growth and capital preservation over a predetermined period.
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