E-Commerce Opportunity, 23  Ticker: FTKURX
A unit investment trust that seeks above-average capital appreciation by investing in companies that market their goods and services online and in the technology companies that create the tools to make it possible.
Please note that there is no assurance the objective will be met.
Product Code: ECOO23
Portfolio Status: Secondary
Initial Offer Date: 02/01/2023
Secondary Date: 05/01/2023
Portfolio Ending Date: 05/01/2024
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
Initial Offer Price: $10.0000
NAV(*): $10.4288
POP(*): $10.5716
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 10/02/2023 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 10/2/2023) Per Unit (as of 10/2/2023)
0.22% $0.02330
^ 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 23.15%
Consumer Discretionary  Consumer Discretionary 34.35%
Consumer Staples  Consumer Staples 4.17%
Energy  Energy 0.00%
Financials  Financials 12.52%
Health Care  Health Care 0.00%
Industrials  Industrials 8.72%
Information Technology  Information Technology 17.07%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.02%
  Large Mid Small  
Growth  77.17% 8.59% 0.00%  
Value  11.57% 0.00% 2.65%  

 Style Weighting
Large-Cap Growth 77.17%
Large-Cap Value 11.57%
Mid-Cap Growth 8.59%
Mid-Cap Value 0.00%
Small-Cap Growth 0.00%
Small-Cap Value 2.65%
Undetermined 0.02%
U.S. Stocks 87.15%   Other 0.02%
Non-U.S. Stocks 12.83%      
The style and sector characteristics of the portfolio are determined as of 10/02/2023 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $547,643
Price/Earnings 29.80
Price/Book 6.78
As of 10/2/2023
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
 Meta Platforms Inc. (Class A) META Communication Services  Communication Services Large-Cap Growth 7.83%
 Uber Technologies, Inc. UBER Industrials  Industrials Large-Cap Growth 5.59%
 Alphabet Inc. (Class C) GOOG Communication Services  Communication Services Large-Cap Growth 5.10%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 4.97%
 Booking Holdings Inc. BKNG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.94%
 Amazon.com, Inc. AMZN Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.75%
 lululemon athletica inc. LULU Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.68%
 Airbnb, Inc. (Class A) ABNB Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.65%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 4.53%
 Walmart Inc. WMT Consumer Staples  Consumer Staples Large-Cap Growth 4.17%
 Shopify Inc. (Class A) SHOP Information Technology  Information Technology Large-Cap Growth 4.14%
 Netflix, Inc. NFLX Communication Services  Communication Services Large-Cap Growth 4.05%
 MercadoLibre, Inc. MELI Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.01%
 Mastercard Incorporated MA Financials  Financials Large-Cap Growth 4.00%
 Visa Inc. (Class A) V Financials  Financials Large-Cap Growth 3.81%
 Electronic Arts Inc. EA Communication Services  Communication Services Large-Cap Value 3.52%
 GoDaddy Inc. (Class A) GDDY Information Technology  Information Technology Mid-Cap Growth 3.43%
 Expedia Group, Inc. EXPE Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.37%
 eBay Inc. EBAY Consumer Discretionary  Consumer Discretionary Large-Cap Value 3.34%
 United Parcel Service, Inc. (Class B) UPS Industrials  Industrials Large-Cap Growth 3.13%
 NIKE, Inc. (Class B) NKE Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.82%
 PayPal Holdings, Inc. PYPL Financials  Financials Large-Cap Value 2.71%
 Ziff Davis, Inc. ZD Communication Services  Communication Services Small-Cap Value 2.65%
 Block Inc. (Class A) SQ Financials  Financials Large-Cap Value 2.00%
 Etsy, Inc. ETSY Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.79%
Total Number of Holdings:    25
Underlying Securities information represented above is as of 10/02/2023 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.

Consumer Products Risk. The companies engaged in the consumer products sector are subject to global competition, changing government regulations and trade policies, currency fluctuations, and the financial and political risks inherent in producing products for foreign markets.

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. In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, 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.

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.

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