ABOUT THE FUND
The First Trust All Equity Allocation Portfolio is a collective investment fund that invests according to a strategy determined by First Trust Advisors L.P.,
which serves as the Fund's Sub-Advisor. This Fund was created by Hand Composite Employee Benefit Trust and is sponsored by Hand Benefits & Trust Company, a BPAS Company.
Plan sponsors and participants should consider the Fund's investment objective, time horizon, risks, charges and expenses carefully before investing. Contact
your financial professional or call First Trust Portfolios L.P. at 877.937.4015 to request an Information Statement, which contains this and other information about
the Fund. Read it carefully before you invest.
The First Trust Collective Investment Funds are not mutual funds and their units are not deposits of the Trustee, Hand Benefits & Trust Company, or the Sub-Advisor,
and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other agency. The units are securities which have not been registered under the
Securities Act of 1933 and the Fund is exempted from investment company registration under the Investment Company Act of 1940. Therefore, participating plans and their
participants will not be entitled to the protections under these Acts. Management of the Trust, however, is generally subject to the fiduciary duty and prohibited
transaction rules under the Employee Retirement Income Security Act of 1974.
As with any investment, you can lose money by investing in the Fund. Before investing you should consider carefully the following risks that you assume when you invest
in the Fund. For more information regarding the following risks, please consult the Fund’s Information Statement.
The Fund is subject to market risk which is the risk that a particular security owned by the Fund or shares of the Fund in general may fall in value. The outbreak of the
respiratory disease designated as COVID-19 in December 2019 has caused significant volatility and declines in global financial markets, which have caused losses for investors.
The impact of this COVID-19 pandemic may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.
An investment in a fund containing securities of non-U.S. issuers is 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.
Changes in currency exchange rates and the relative value of non-U.S. currencies may affect the value of the Fund's investments and the value of the Fund's shares.
The Fund invests in small and/or mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies.
ICE Data Indices, LLC, is used with permission. "NYSE®" is a service/trade mark of ICE Data Indices, LLC or its affiliates and has been licensed,
along with the NYSE® International 100 Index ("Index") for use by First Trust Advisors L.P. in connection with the First Trust All Equity Allocation
Portfolio and NYSE® International Target 25 Strategy (the "Product"). Neither First Trust Advisors L.P., Hand Composite Employee Benefit Trust
(the "Trust") nor the Product, as applicable, is sponsored, endorsed, sold or promoted by ICE Data Indices, LLC, its affiliates or its Third Party Suppliers ("ICE Data
and its Suppliers"). ICE Data and its Suppliers make no representations or warranties regarding the advisability of investing in securities generally, in the Product
particularly, the Trust or the ability of the Index to track general market performance. Past performance of an Index is not an indicator of or a guarantee of future results.
ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY IN¬FORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM ("INDEX DATA"). ICE DATA AND ITS SUPPLIERS SHALL NOT BE SUBJECT
TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE PROVIDED ON AN "AS IS" BASIS AND YOUR
USE IS AT YOUR OWN RISK.
VALUE LINE, THE VALUE LINE INVESTMENT SURVEY, TIMELINESS AND SAFETY ARE TRADEMARKS OR REGISTERED TRADEMARKS OF VALUE LINE, INC. OR ITS AFFILIATES ("VALUE LINE") AND HAVE BEEN
LICENSED FOR USE FOR CERTAIN PURPOSES BY FIRST TRUST ADVISORS L.P. THE VALUE LINE DIVERSIFIED TARGET 40 (THE "STRATEGY") IS OWNED BY VALUE LINE AND HAS BEEN LICENSED FOR USE BY
FIRST TRUST ADVISORS L.P. THE FIRST TRUST ALL EQUITY ALLOCATION PORTFOLIOS ("PRODUCT") ARE NOT SPONSORED, ENDORSED, RECOMMENDED, SOLD OR PROMOTED BY VALUE LINE AND VALUE LINE
MAKES NO REPRESENTATION OR WARRANTIES REGARDING THE ADVISABILITY OF INVESTING IN SUCH PRODUCT NOR DO THEY HAVE ANY LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTION OF THE PRODUCT.
The S&P MidCap 400 and the S&P SmallCap 600 are products of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and has been licensed for use by First Trust Advisors 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 Advisors L.P. The S&P Target SMid60 Strategy is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties
make any representation re¬garding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P MidCap
400 or the S&P SmallCap600.
Not FDIC Insured Not Bank Guaranteed May Lose Value