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Target Double Play, 3rd Qtr 2020  Ticker: FKVFLX
 
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 two 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: DP3Q20
Portfolio Status: Secondary
Initial Offer Date: 07/10/2020
Secondary Date: 10/12/2020
Portfolio Ending Date: 10/08/2021
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $13.7241
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/23/2021 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  Per Unit (as of 7/23/2021)
----- $0.30530
^ 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 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 distributions are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit 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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 2.90%
Consumer Discretionary  Consumer Discretionary 4.91%
Consumer Staples  Consumer Staples 1.47%
Energy  Energy 0.00%
Financials  Financials 34.36%
Health Care  Health Care 10.86%
Industrials  Industrials 0.46%
Information Technology  Information Technology 30.95%
Materials  Materials 3.82%
Real Estate  Real Estate 0.00%
Utilities  Utilities 10.27%
Other  Other 0.00%
 
  Large Mid Small  
Growth  37.57% 2.78% 0.00%  
Value  19.71% 24.09% 15.85%  

 Style Weighting
Large-Cap Growth 37.57%
Large-Cap Value 19.71%
Mid-Cap Growth 2.78%
Mid-Cap Value 24.09%
Small-Cap Growth 0.00%
Small-Cap Value 15.85%
Undetermined 0.00%
 Composition
U.S. Stocks 100.00%   Other 0.00%
Non-U.S. Stocks 0.00%      
The style and sector characteristics of the portfolio are determined as of 07/23/2021 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $351,337.79
Price/Earnings 20.50
Price/Book 1.77
As of 7/22/2021
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 12.20%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 6.58%
 Adobe Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 4.19%
 Regions Financial Corporation RF Financials  Financials Mid-Cap Value 3.31%
 Citizens Financial Group, Inc. CFG Financials  Financials Mid-Cap Value 3.30%
 Wells Fargo & Company WFC Financials  Financials Large-Cap Value 3.26%
 Valley National Bancorp VLY Financials  Financials Small-Cap Value 3.21%
 Intel Corporation INTC Information Technology  Information Technology Large-Cap Value 3.19%
 WestRock Company WRK Materials  Materials Mid-Cap Value 3.14%
 Eli Lilly and Company LLY Health Care  Health Care Large-Cap Growth 3.13%
 Newell Brands Inc. NWL Consumer Discretionary  Consumer Discretionary Mid-Cap Value 3.10%
 Unum Group UNM Financials  Financials Small-Cap Value 3.00%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 2.96%
 F.N.B. Corporation FNB Financials  Financials Small-Cap Value 2.96%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 2.93%
 MetLife, Inc. MET Financials  Financials Large-Cap Value 2.81%
 Principal Financial Group, Inc. PFG Financials  Financials Mid-Cap Value 2.66%
 People's United Financial, Inc. PBCT Financials  Financials Mid-Cap Value 2.49%
 United Bankshares, Inc. UBSI Financials  Financials Small-Cap Value 2.39%
 Lumen Technologies Inc. LUMN Communication Services  Communication Services Mid-Cap Value 2.31%
 Exelon Corporation EXC Utilities  Utilities Large-Cap Value 2.25%
 New Jersey Resources Corporation NJR Utilities  Utilities Small-Cap Value 2.25%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 2.08%
 New York Community Bancorp, Inc. NYCB Financials  Financials Small-Cap Value 2.04%
 Sempra Energy SRE Utilities  Utilities Large-Cap Value 1.99%
 NiSource Inc. NI Utilities  Utilities Mid-Cap Value 1.93%
 Edison International EIX Utilities  Utilities Mid-Cap Value 1.85%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 1.79%
 ServiceNow, Inc. NOW Information Technology  Information Technology Large-Cap Growth 1.54%
 Regeneron Pharmaceuticals, Inc. REGN Health Care  Health Care Large-Cap Value 0.83%
 Dollar General Corporation DG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 0.82%
 Vertex Pharmaceuticals Incorporated VRTX Health Care  Health Care Large-Cap Value 0.74%
 Monster Beverage Corporation MNST Consumer Staples  Consumer Staples Large-Cap Growth 0.72%
 Newmont Corporation NEM Materials  Materials Large-Cap Value 0.68%
 Electronic Arts Inc. EA Communication Services  Communication Services Large-Cap Value 0.59%
 West Pharmaceutical Services, Inc. WST Health Care  Health Care Mid-Cap Growth 0.59%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 0.58%
 DaVita Inc. DVA Health Care  Health Care Mid-Cap Growth 0.53%
 Cadence Design Systems, Inc. CDNS Information Technology  Information Technology Large-Cap Growth 0.52%
 Domino's Pizza, Inc. DPZ Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.50%
 Tractor Supply Company TSCO Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 0.49%
 Fastenal Company FAST Industrials  Industrials Large-Cap Growth 0.46%
 The Kroger Co. KR Consumer Staples  Consumer Staples Large-Cap Value 0.44%
 Jack Henry & Associates, Inc. JKHY Information Technology  Information Technology Mid-Cap Growth 0.36%
 The Clorox Company CLX Consumer Staples  Consumer Staples Mid-Cap Growth 0.31%
 
Total Number of Holdings:    45
Underlying Securities information represented above is as of 07/23/2021 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.

COVID-19 Economic Impact Risk. The COVID-19 global pandemic has caused significant volatility and declines in global financial markets, causing losses for investors. The development of vaccines has slowed the spread of the virus and allowed for the resumption of "reasonably" normal business activity in the United States, although many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

Emerging Markets Risk. Risks associated with investing in foreign securities may be more pronounced in emerging markets where the securities markets are substantially smaller, less liquid, less regulated and more volatile than the U.S. and developed foreign markets.

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

Large-Cap Risk. Large capitalization companies may grow at a slower rate than the overall market.

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.

Term Risk - 15 months. Although this unit investment trust terminates in approximately 15 months, the strategy is long-term. Investors should consider their ability to pursue investing in successive portfolios, if available. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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 U.S. Select Dividend IndexSM 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 U.S. Select Dividend IndexSM.

"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.

Fund Cusip Information
30314P706 (Cash)
30314P714 (Reinvest)
30314P722 (Cash-Fee)
30314P730 (Reinvest-Fee)
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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