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MLP Closed-End Fund Portfolio, Series 20
Ticker Symbol: FWEBSX

Ticker Name Initial
CEN Center Coast MLP & Infrastructure Fund 6.00% $10.83
CEM ClearBridge Energy MLP Fund Inc. 6.00% 16.92
CTR ClearBridge Energy MLP Total Return Fund Inc. 6.00% 12.77
MIE Cohen & Steers MLP Income and Energy Opportunity Fund, Inc. 6.00% 10.85
SRV The Cushing MLP Total Return Fund 4.00% 12.73
DSE Duff & Phelps Select Energy MLP Fund Inc. 6.00% 6.59
FMO Fiduciary/Claymore MLP Opportunity Fund 6.00% 14.43
GER Goldman Sachs MLP and Energy Renaissance Fund 6.00% 6.81
GMZ Goldman Sachs MLP Income Opportunities Fund 6.00% 9.72
KED Kayne Anderson Energy Development Company 4.50% 18.46
KYE Kayne Anderson Energy Total Return Fund, Inc. 4.50% 10.62
KMF Kayne Anderson Midstream/Energy Fund, Inc. 4.50% 14.36
KYN Kayne Anderson MLP Investment Company 4.50% 19.40
NML Neuberger Berman MLP Income Fund Inc. 6.00% 9.84
JMF Nuveen Energy MLP Total Return Fund 6.00% 12.16
SMM Salient Midstream & MLP Fund 6.00% 11.37
TYG Tortoise Energy Infrastructure Corporation 6.00% 31.21
NTG Tortoise MLP Fund, Inc. 6.00% 19.95

* As of the close of business on 1/30/18.
Market values are for reference only and are not indicative of your individual cost basis.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value

Portfolio Summary
Initial Date of Deposit 1/31/2018
Initial Public Offering Price $10.00 per Unit
Portfolio Ending Date 1/31/2020
Estimated Net First Year Distribution per Unit* $0.8729
Estimated Net Subsequent Year Distribution per Unit:* $0.8624
Cash CUSIP 30307A229
Reinvestment CUSIP 30307A237
Fee Accounts Cash CUSIP 30307A245
Fee Accounts Reinvestment CUSIP 30307A252

*The estimates are based on annualizing the most recent dividends 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 portfolio will declare dividends in the future or that, if declared, they will remain at current levels or increase over time.

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 5/18/18.

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 objectives, 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 an investment in a portfolio of closed-end funds. Closed-end funds 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 the funds 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, closed-end funds frequently trade at a discount to their net asset value in the secondary market. All of the closed-end funds employ the use of leverage, which increases the volatility of such funds.

You should be aware that an investment in closed-end funds that invest in stocks in the energy sector involves additional risks, including limited diversification. The companies engaged in the energy sector, which includes MLPs, are subject to certain risks, including price and supply fluctuations caused by international politics, energy conservation, taxes, price controls, and other regulatory policies of various governments.

All of the closed-end funds invest in common stocks. Common stocks are subject to 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.

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.

All of the closed-end funds invest in MLPs. Investments in MLPs are subject to the risks generally applicable to companies in the energy and natural resources sectors, including commodity pricing risk, supply and demand risk, depletion risk and exploration risk. U.S. taxing authorities could challenge the trust 's treatment of the MLPs for federal income tax purposes. These tax risks could have a negative impact on the after-tax income available for distribution by the MLPs and/or the value of the trust's investments.

Certain of the closed-end funds invest in securities issued by foreign issuers. Such securities are subject to certain risks, including currency and interest rate fluctuations, nationalization or other adverse political or economic developments, lack of liquidity of certain foreign markets, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

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.

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.

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

Fund Cusip Information
30307A229 (Cash)
30307A237 (Reinvest)
30307A245 (Cash-Fee)
30307A252 (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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