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Preferred Income Portfolio, Series 93
Ticker Symbol: FYAPMX

Ticker Name of Issuer of Securities S&P
Value Per
ALL.B The Allstate Corporation, 5.100%, Variable Rate, Due 01/15/2053 BBB 4.00% 01/15/23 @ 25 $26.28
ACGLP Arch Capital Group Ltd., Series E, 5.250% NR 2.50% 09/29/21 @ 25 25.11
ACGLO Arch Capital Group Ltd., Series F, 5.450% BBB 2.00% 08/17/22 @ 25 25.41
TBB AT&T Inc., 5.350%, Due 11/01/2066 BBB+ 4.50% 11/01/22 @ 25 26.31
AXS.E Axis Capital Holdings Limited, Series E, 5.500% BBB 4.00% 11/07/21 @ 25 25.30
DRUA Dominion Energy, Inc., Series A, 5.250%, Due 07/30/2076 BBB- 4.00% 07/30/21 @ 25 25.52
DTJ DTE Energy Company, Series B, 5.375%, Due 06/01/2076 BBB- 2.50% 06/01/21 @ 25 25.45
DTW DTE Energy Company, Series E, 5.250%, Due 12/01/2077 BBB- 2.00% 12/01/22 @ 25 25.54
EBAYL eBay Inc., 6.000%, Due 02/01/2056 BBB+ 4.00% 03/01/21 @ 25 26.93
EAI Entergy Arkansas, Inc., 4.875%, Due 09/01/2066 A 2.00% 09/01/21 @ 25 25.00
ELC Entergy Louisiana, LLC, 4.875%, Due 09/01/2066 A 2.50% 09/01/21 @ 25 24.97
FRT.C Federal Realty Investment Trust, Series C, 5.000% BBB 4.00% 09/29/22 @ 25 25.48
GPJA Georgia Power Company, Series 2017, 5.000%, Due 10/01/2077 BBB 2.50% 10/01/22 @ 25 25.59
HGH The Hartford Financial Services Group, Inc., 7.875%, Variable Rate, Due 04/15/2042 BBB- 4.00% 04/15/22 @ 25 29.25
JPM.H JPMorgan Chase & Co., Series BB, 6.150% BBB- 4.00% 09/01/20 @ 25 26.95
KIM.L Kimco Realty Corporation, Series L, 5.125% BBB- 2.50% 08/16/22 @ 25 24.99
KIM.M Kimco Realty Corporation, Series M, 5.250% BBB- 2.00% 12/20/22 @ 25 25.06
NNN.F National Retail Properties, Inc., Series F, 5.200% BBB- 4.00% 10/11/21 @ 25 25.00
NEE.K NextEra Energy Capital Holdings, Inc., Series K, 5.250%, Due 06/01/2076 BBB 4.00% 06/01/21 @ 25 25.62
PRE.G PartnerRe Ltd., Series G, 6.500% NR 2.00% 04/29/21 @ 25 26.92
PRE.H PartnerRe Ltd., Series H, 7.250% NR 2.00% 04/29/21 @ 25 28.68
PNC.P The PNC Financial Services Group, Inc., Series P, 6.125%, Variable Rate BBB- 4.00% 05/01/22 @ 25 28.21
PSB.Y PS Business Parks, Inc., Series Y, 5.200% BBB 2.00% 09/21/22 @ 25 25.10
PSB.X PS Business Parks, Inc., Series X, 5.250% NR 2.50% 12/07/22 @ 25 25.23
PSA.F Public Storage, Series F, 5.150% NR 2.01% 06/02/22 @ 25 25.13
PSA.G Public Storage, Series G, 5.050% BBB+ 2.00% 08/09/22 @ 25 25.11
SOJC The Southern Company, 5.250%, Due 12/01/2077 BBB 2.00% 12/01/22 @ 25 25.30
STT.G State Street Corporation, Series G, 5.350%, Variable Rate BBB 2.00% 03/15/24 @ 25 27.01
STT.D State Street Corporation, Series D, 5.900%, Variable Rate BBB 2.00% 03/15/26 @ 25 27.23
SFB Stifel Financial Corp., 5.20%, Due 10/15/2047 BBB- 2.50% 10/15/22 @ 25 24.89
USB.M U.S. Bancorp, Series F, 6.500%, Variable Rate BBB 4.00% 01/15/22 @ 25 28.13
VR.B Validus Holdings Ltd., 5.800% BBB- 4.00% 06/21/22 @ 25 25.90
WRB.D W.R. Berkley Corporation, 5.750%, Due 06/01/2056 BBB- 1.99% 06/01/21 @ 25 25.90
WFC.Q Wells Fargo & Company, 5.850%, Variable Rate BBB 4.00% 09/15/23 @ 25 26.84

*As of the Initial Date of Deposit. The ratings are by Standard & Poor's and are unaudited. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO), including Standard & Poor's Rating Group, of the creditworthiness of an issuer with respect to debt obligations. Standard & Poor's ratings are measured on a scale ranging from AAA (highest) to D (lowest). Sub-investment grade ratings are those rated BB+ or lower. Investment grade ratings are those rated BBB- or higher. "NR" indicates no rating.

**The securities are first redeemable on the date and price listed. Certain of the securities have provisions which would allow for their redemption prior to the earliest stated call date pursuant to the occurrence of certain extraordinary events.

***As of the close of business on 12/28/17. Market values are for reference only and are not indicative of your individual cost basis.

(1) These securities represent preferred stocks or trust preferred securities of REITs. REITs comprise approximately 21% of the investments of the Trust.

(2) These securities have a "make whole" call option and are redeemable in whole or in part at any time at the option of the issuer, at a redemption price equal to the greater of: 1) 100% of the principal amount or 2) the sum of the remaining scheduled payments of principal and interest, plus, in either case, any accrued and unpaid interest on the principal amount being redeemed to the date of redemption.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value

Portfolio Summary
Initial Date of Deposit 12/29/2017
Initial Public Offering Price $10.00 per Unit
Portfolio Ending Date 12/30/2019
Estimated Net First Year Distribution per Unit:* $0.4906
Estimated Net Subsequent Year Distribution per Unit:* $0.4849
Cash CUSIP 30306X105
Reinvest CUSIP 30306X113
Fee Accounts Cash CUSIP 30306X121
Fee Accounts Reinvest CUSIP 30306X139

*The estimates are based on annualizing the most recent distributions declared by the issuers of the securities included in the portfolio. The estimated net annual distribution for the subsequent year is expected to be less than the amount for the first year because a portion of the securities included in the portfolio will be sold during the first year to pay for organization costs, the deferred sales charge and the creation and development fee. There is no guarantee that the issuers of the securities included in the trust will be able to pay distributions at their stated rate in the future. Certain of the securities may be called by their issuers, which would reduce the estimated net annual distribution.

Sales Charges (based on a $10 public offering price)
Standard Accounts
Transactional Sales Charges: Initial: 0.00%
  Deferred: 2.25%
Creation & Development Fee:   0.50%
Maximum Sales Charge:   2.75%

The deferred sales charge will be deducted in three monthly installments commencing 4/20/18.

When the public offering price is less than or equal to $10.00 per unit, there will be no initial sales charge. If the price exceeds $10.00 per unit, you will pay an initial sales charge.

Fee/Wrap Accounts
Maximum Sales Charge: 0.50%

The maximum sales charge for investors in fee accounts consists of the creation and development fee. Investors in fee accounts are not assessed any transactional sales charges. Standard accounts sales charges apply to units purchased as an ineligible asset.

The creation and development fee is a charge of $.050 per unit collected at the end of the initial offering period. If the price you pay exceeds $10 per unit, the creation and development fee will be less than 0.50%; if the price you pay is less than $10 per unit, the creation and development fee will exceed 0.50%.

In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

You should consider the portfolio's investment objective, risks, and charges and expenses carefully before investing. Contact your financial advisor or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the portfolio. Read it carefully before you invest.

Risk Considerations:
An investment in this unmanaged unit investment trust should be made with an understanding of the risks involved with owning trust preferred securities, such as an economic recession, volatile interest rates and the possible deterioration of either the financial condition of the issuers of the trust preferred securities or the general condition of the stock market.

You should be aware that the portfolio is concentrated in preferred stocks and trust preferred securities issued by companies in the financials sector which involves additional risks, including limited diversification. The financials sector is 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 the potential for increased regulation. Preferred stocks and trust preferred securities are typically subordinated to bonds and other debt instru ments in a company's capital structure, in terms of priority to corporate income, and therefore will be subject to greater credit risk than those debt instruments.

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.

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.

This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

Certain of the securities in the portfolio are issued by Real Estate Investment Trusts (REITs). Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

An investment in a portfolio containing equity securities of foreign issuers is subject to additional risks, including currency fluctuations, political risks, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

Fund Cusip Information
30306X105 (Cash)
30306X113 (Reinvest)
30306X121 (Cash-Fee)
30306X139 (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 and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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