75/25 Strategic Allocation, 3rd Qtr 2021  Ticker: FPURSX
A unit investment trust which seeks the potential for above-average total return by investing approximately 75% of its assets in common stocks which are selected by applying a disciplined investment strategy and 25% of its assets in exchange-traded funds which invest in fixed-income securities.
Please note that there is no assurance the objective will be met.
Product Code: 7S3Q21
Portfolio Status: Secondary
Initial Offer Date: 07/13/2021
Secondary Date: 10/12/2021
Portfolio Ending Date: 10/17/2022
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.7422
POP(*): $9.8755
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 12/03/2021 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 (as of 12/3/2021) Per Unit (as of 11/29/2021)
1.78% $0.17600
^ 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  Export Current Holdings | View Initial Holdings  
 Invesco Senior Loan ETF BKLN 1.12%
 First Trust Senior Loan Fund FTSL 1.12%
 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 1.11%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 1.11%
 SPDR Blackstone Senior Loan ETF SRLN 1.11%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 1.10%
 First Trust Tactical High Yield ETF HYLS 1.10%
 iShares CMBS ETF CMBS 1.10%
 iShares Core 10+ Year USD Bond ETF ILTB 1.01%
 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 1.00%
 Janus Henderson Mortgage-Backed Securities ETF JMBS 1.00%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 0.99%
 First Trust Low Duration Opportunities ETF LMBS 0.99%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 0.99%
 iShares Broad USD High Yield Corporate Bond ETF USHY 0.98%
 SPDR Portfolio High Yield Bond ETF SPHY 0.98%
 Invesco Preferred ETF PGX 0.97%
 iShares 10-20 Year Treasury Bond ETF TLH 0.89%
 Old Dominion Freight Line, Inc. ODFL 0.87%
 iShares MBS ETF MBB 0.87%
 Blackstone Inc. BX 0.87%
 iShares iBoxx $ High Yield Corporate Bond ETF HYG 0.86%
 SPDR Bloomberg High Yield Bond ETF JNK 0.86%
 SPDR Bloomberg Short Term High Yield Bond ETF SJNK 0.86%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 0.86%
 Invesco Emerging Markets Sovereign Debt ETF PCY 0.83%
 Costco Wholesale Corporation COST 0.81%
 VanEck J.P. Morgan EM Local Currency Bond ETF EMLC 0.80%
 AutoZone, Inc. AZO 0.76%
 Microsoft Corporation MSFT 0.74%
 D.R. Horton, Inc. DHI 0.73%
 EPAM Systems, Inc. EPAM 0.73%
 Automatic Data Processing, Inc. ADP 0.72%
 Lennar Corporation LEN 0.72%
 Alphabet Inc. (Class A) GOOGL 0.72%
 Adobe Incorporated ADBE 0.70%
 Regeneron Pharmaceuticals, Inc. REGN 0.70%
 O'Reilly Automotive, Inc. ORLY 0.70%
 Nucor Corporation NUE 0.69%
 Fastenal Company FAST 0.69%
 The Procter & Gamble Company PG 0.68%
 salesforce.com, inc. CRM 0.68%
 Applied Materials, Inc. AMAT 0.67%
 Eli Lilly and Company LLY 0.66%
 Public Service Enterprise Group Incorporated PEG 0.66%
 Cisco Systems, Inc. CSCO 0.66%
 Moody's Corporation MCO 0.66%
 Archer-Daniels-Midland Company ADM 0.65%
 Oracle Corporation ORCL 0.65%
 Aflac Incorporated AFL 0.65%
 Vertex Pharmaceuticals Incorporated VRTX 0.65%
 The Hershey Company HSY 0.63%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.63%
 Deere & Company DE 0.62%
 Novo Nordisk A/S (ADR) NVO 0.62%
 Air Products and Chemicals, Inc. APD 0.62%
 Chipotle Mexican Grill, Inc. CMG 0.62%
 Dollar General Corporation DG 0.62%
 Tokyo Electron Limited (ADR) TOELY 0.62%
 Hermes International (ADR) HESAY 0.62%
 Target Corporation TGT 0.61%
 The Progressive Corporation PGR 0.61%
 The Travelers Companies, Inc. TRV 0.61%
 Xcel Energy Inc. XEL 0.60%
 American Electric Power Company, Inc. AEP 0.60%
 T. Rowe Price Group, Inc. TROW 0.60%
 Northrop Grumman Corporation NOC 0.60%
 Mondelez International, Inc. MDLZ 0.60%
 American Tower Corporation AMT 0.60%
 Centene Corporation CNC 0.60%
 L3Harris Technologies Inc. LHX 0.59%
 Accenture Plc ACN 0.59%
 Humana Inc. HUM 0.58%
 Sony Group Corp. (ADR) SONY 0.58%
 Sempra Energy SRE 0.58%
 Amazon.com, Inc. AMZN 0.58%
 Crown Castle International Corp. CCI 0.58%
 Monster Beverage Corporation MNST 0.57%
 ASML Holding N.V. (New York Registry Shares) ASML 0.56%
 Chubb Limited CB 0.56%
 Philip Morris International Inc. PM 0.56%
 Intel Corporation INTC 0.55%
 Lockheed Martin Corporation LMT 0.55%
 Meta Platforms Inc. FB 0.55%
 3M Company MMM 0.54%
 Newmont Corporation NEM 0.53%
 Kinder Morgan, Inc. KMI 0.53%
 Cigna Corporation CI 0.53%
 GlaxoSmithKline Plc (ADR) GSK 0.52%
 Zurich Insurance Group AG (ADR) ZURVY 0.52%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.52%
 Veeva Systems Inc. (Class A) VEEV 0.52%
 CSL Limited (ADR) CSLLY 0.52%
 A.P. Moeller - Maersk A/S (Class B) (ADR) AMKBY 0.52%
 Toyota Motor Corporation TM 0.51%
 Nestle S.A. (ADR) NSRGY 0.51%
 The Allstate Corporation ALL 0.51%
 Roche Holding AG (ADR) RHHBY 0.51%
 L'Oreal S.A. (ADR) LRLCY 0.51%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.51%
 Air Liquide S.A. (ADR) AIQUY 0.47%
 Sanofi (ADR) SNY 0.46%
 KDDI Corporation (ADR) KDDIY 0.46%
 SAP SE (ADR) SAP 0.44%
 Honda Motor Co., Ltd. (ADR) HMC 0.44%
 British American Tobacco Plc (ADR) BTI 0.44%
 Iberdrola S.A. (ADR) IBDRY 0.44%
 Novartis AG (ADR) NVS 0.43%
 Volkswagen AG (ADR) VWAGY 0.43%
 Biogen Inc. BIIB 0.41%
 Nintendo Co., Ltd. (ADR) NTDOY 0.40%
 Activision Blizzard, Inc. ATVI 0.39%
 BHP Group Ltd (ADR) BHP 0.38%
 Rio Tinto Plc (ADR) RIO 0.37%
 SoftBank Group Corp. (ADR) SFTBY 0.36%
 Houlihan Lokey, Inc. HLI 0.33%
 Tractor Supply Company TSCO 0.31%
 Teradyne, Inc. TER 0.30%
 AutoNation, Inc. AN 0.30%
 First American Financial Corporation FAF 0.30%
 Quest Diagnostics Incorporated DGX 0.29%
 Pool Corporation POOL 0.29%
 Coterra Energy Inc. CTRA 0.29%
 A.O. Smith Corporation AOS 0.29%
 West Pharmaceutical Services, Inc. WST 0.29%
 Knight-Swift Transportation Holdings Inc. KNX 0.29%
 Medpace Holdings, Inc. MEDP 0.29%
 NVR, Inc. NVR 0.28%
 Williams-Sonoma, Inc. WSM 0.28%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.28%
 Dick's Sporting Goods, Inc. DKS 0.28%
 CDW Corporation CDW 0.28%
 Fidelity National Financial, Inc. FNF 0.28%
 Landstar System, Inc. LSTR 0.27%
 Iron Mountain Incorporated IRM 0.27%
 First Solar, Inc. FSLR 0.27%
 Laboratory Corporation of America Holdings LH 0.26%
 CACI International Inc. CACI 0.26%
 Watsco, Inc. WSO 0.26%
 Deckers Outdoor Corporation DECK 0.26%
 BioMarin Pharmaceutical Inc. BMRN 0.26%
 Evercore Inc. EVR 0.26%
 Evergy, Inc. EVRG 0.26%
 Cincinnati Financial Corporation CINF 0.25%
 Entergy Corporation ETR 0.25%
 The J.M. Smucker Company SJM 0.25%
 SEI Investments Company SEIC 0.25%
 PulteGroup, Inc. PHM 0.25%
 Chemed Corporation CHE 0.25%
 Alliant Energy Corporation LNT 0.25%
 Reliance Steel & Aluminum Co. RS 0.25%
 Markel Corporation MKL 0.25%
 Celanese Corporation CE 0.25%
 Erie Indemnity Company ERIE 0.25%
 Kellogg Company K 0.24%
 Expeditors International of Washington, Inc. EXPD 0.24%
 Old Republic International Corporation ORI 0.24%
 Akamai Technologies, Inc. AKAM 0.24%
 Take-Two Interactive Software, Inc. TTWO 0.24%
 Snap-on Incorporated SNA 0.23%
 Best Buy Co., Inc. BBY 0.23%
 The Cooper Companies, Inc. COO 0.23%
 The Toro Company TTC 0.23%
 Generac Holdings Inc. GNRC 0.23%
 MDU Resources Group, Inc. MDU 0.22%
 Incyte Corporation INCY 0.21%
 Neurocrine Biosciences, Inc. NBIX 0.21%
 Universal Health Services, Inc. (Class B) UHS 0.20%
 Pinnacle West Capital Corporation PNW 0.20%
 Ziff Davis Inc. ZD 0.20%
 Digital Turbine, Inc. APPS 0.20%
 Atkore Inc. ATKR 0.20%
 Saia, Inc. SAIA 0.19%
 Foot Locker, Inc. FL 0.18%
 Coca-Cola Consolidated Inc. COKE 0.18%
 Ollie's Bargain Outlet Holdings, Inc. OLLI 0.18%
 Casella Waste Systems, Inc. CWST 0.17%
 Meritage Homes Corporation MTH 0.16%
 Tri Pointe Homes, Inc. TPH 0.16%
 Murphy USA Inc. MUSA 0.16%
 Hub Group, Inc. HUBG 0.15%
 Quidel Corporation QDEL 0.15%
 ServisFirst Bancshares, Inc. SFBS 0.15%
 Blueprint Medicines Corporation BPMC 0.15%
 American National Group, Inc. ANAT 0.15%
 Simpson Manufacturing Co., Inc. SSD 0.14%
 ICU Medical, Inc. ICUI 0.14%
 FTI Consulting, Inc. FCN 0.14%
 Franklin Electric Co., Inc. FELE 0.14%
 National Beverage Corp. FIZZ 0.14%
 PS Business Parks, Inc. PSB 0.14%
 Shutterstock, Inc. SSTK 0.14%
 Moelis & Company (Class A) MC 0.14%
 Acushnet Holdings Corp. GOLF 0.14%
 Flowers Foods, Inc. FLO 0.13%
 Werner Enterprises, Inc. WERN 0.13%
 IDACORP, Inc. IDA 0.13%
 Sanderson Farms, Inc. SAFM 0.13%
 Silgan Holdings Inc. SLGN 0.13%
 RLI Corp. RLI 0.13%
 Commercial Metals Company CMC 0.13%
 Seaboard Corporation SEB 0.13%
 Greif, Inc. GEF 0.13%
 Amedisys, Inc. AMED 0.13%
 Dorman Products, Inc. DORM 0.13%
 Premier, Inc. (Class A) PINC 0.13%
 Sanmina Corporation SANM 0.12%
 Brady Corporation BRC 0.12%
 The Hanover Insurance Group, Inc. THG 0.12%
 The Boston Beer Company, Inc. SAM 0.12%
 Hilltop Holdings Inc. HTH 0.12%
 Stepan Company SCL 0.12%
 Piedmont Office Realty Trust, Inc. PDM 0.12%
 LGI Homes, Inc. LGIH 0.12%
 Southwest Gas Holdings, Inc. SWX 0.12%
 Owens & Minor, Inc. OMI 0.11%
 Graham Holdings Company GHC 0.11%
 UniFirst Corporation UNF 0.11%
 MAXIMUS, Inc. MMS 0.11%
 Allscripts Healthcare Solutions, Inc. MDRX 0.11%
 World Wrestling Entertainment, Inc. WWE 0.11%
 Cannae Holdings, Inc. CNNE 0.11%
 Telephone and Data Systems, Inc. TDS 0.10%
 Lancaster Colony Corporation LANC 0.10%
 United States Cellular Corporation USM 0.10%
 Mercury General Corporation MCY 0.10%
 TTEC Holdings, Inc. TTEC 0.10%
 ManTech International Corporation MANT 0.10%
 Grand Canyon Education, Inc. LOPE 0.10%
 Medifast, Inc. MED 0.09%
 Sage Therapeutics, Inc. SAGE 0.09%
 Agios Pharmaceuticals, Inc. AGIO 0.08%
 Cassava Sciences, Inc. SAVA 0.06%
 CareDx, Inc. CDNA 0.06%
 Consensus Cloud Solutions, Inc. CCSI 0.04%
Total Number of Holdings:    235
Underlying Securities information represented above is as of 12/02/2021 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 October 20, 2021
$0.04500 November 19, 2021
$0.04500 December 20, 2021

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.

Brexit Risk. About one year after the United Kingdom officially departed the European Union (commonly referred to as "Brexit"), the United Kingdom and the European Union reached a trade agreement that became effective on December 31, 2020. It is not currently possible to determine the extent of the impact the Brexit trade agreement may have on the portfolio's investments and this uncertainty could negatively impact current and future economic conditions in the United Kingdom and other countries, which could negatively impact the value of the portfolio's investments.

Covenant-Lite Loan Risk. Certain of the funds invest significantly in "covenant-lite" loans, which are loans made with minimal protections for the lender. Because covenant-lite loans are less restrictive on borrowers and provide less protection for lenders than typical corporate loans, the risk of default may be significantly higher.

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.

ETF Risk. ETFs are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding ETFs or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, ETFs frequently trade at a discount from their net asset value in the secondary market. Certain ETFs may employ the use of leverage, which increases the volatility of such funds.

Foreign Securities Risk. An investment in securities of foreign issuers should be made with an understanding of the additional risks involved, such as currency fluctuations, political risk, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

High-Yield or Junk Bonds Risk. Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

Investment Grade Bonds Risk. Investment grade securities are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade security market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

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

Senior Loans Risk. The yield on senior loans will generally decline in a falling interest rate environment and increase in a rising interest rate environment. Senior loans are generally below investment grade quality ("junk" bonds). An investment in senior loans involves the risk that the borrowers may default on their obligations to pay principal or interest when due.

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.

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.

Additional Risk. For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.

Important Note. It is important to note that an investment can be made in the underlying funds directly rather than through the trust. These direct investments can be made without paying the trust's sales charge, operating expenses and organizational costs.

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.

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.