Leisure & Entertainment Portfolio, Series 7
Ticker Symbol: FNWKFX
|30 Holdings (As of Day of Deposit)
||Delta Air Lines, Inc.
||Ryanair Holdings Plc
||Southwest Airlines Co.
||Activision Blizzard, Inc.
||Electronic Arts Inc.
||Live Nation Entertainment, Inc.
||Nintendo Co., Ltd.
||Take-Two Interactive Software, Inc.
||The Walt Disney Company
|Hotels, Restaurants & Leisure (26.68%)
||Chipotle Mexican Grill, Inc.
||Churchill Downs Incorporated
||Hilton Worldwide Holdings Inc.
||Marriott International, Inc.
||Penn National Gaming, Inc.
||Vail Resorts, Inc.
|Household Durables (3.32%)
|Interactive Media & Services (6.49%)
|Internet & Direct Marketing Re (6.82%)
||Booking Holdings Inc.
||Expedia Group, Inc.
|Leisure Products (13.27%)
||Malibu Boats, Inc.
||YETI Holdings, Inc.
|Road & Rail (6.67%)
||Uber Technologies, Inc.
* As of the close of business on 3/11/21.
Market values are for reference only and are not indicative of your individual
|Not FDIC Insured Not Bank Guaranteed May Lose Value
|Initial Date of Deposit
|Initial Public Offering Price
||$10.00 per Unit
|Portfolio Ending Date
|Fee Account Cash CUSIP
|Fee Account Reinvestment CUSIP
|Sales Charges (based on a $10 public offering
|Transactional Sales Charges:
|Creation & Development Fee:
|Maximum Sales Charge:
|Maximum Sales Charge:
The deferred sales charge will be deducted in three monthly installments commencing
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.
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 $0.050 per unit collected at the end of the initial offering
period. If the price you pay exceeds $10.00 per unit, the creation and development fee will be less than 0.50%;
if the price you pay is less than $10.00 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 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 portfolio. Read it carefully
before you invest.
An investment in this unmanaged unit investment trust should be made
with an understanding of the risks involved with owning common stocks, 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.
You should be aware that the portfolio is concentrated in stocks in both the communication services and consumer discretionary sectors which involves additional risks, including limited diversification. The companies engaged in
the communication services sector are subject to rapidly changing technology, rapid product obsolescence, loss of patent protection, cyclical market patterns, governmental regulation, evolving industry standards and frequent
new product introductions. Certain companies may be particularly susceptible to cybersecurity threats, which could have an adverse effect on their business. The companies engaged in the consumer discretionary industry 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.
General risks of the leisure and entertainment industries include the general state of the economy, increased
governmental regulation, cyclical market patterns, intense competition and consumer spending trends. A
decline in the economy which results in a reduction of consumers’ disposable income can negatively impact
consumer spending habits.
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.
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.
Large capitalization companies may grow at a slower rate than the overall market.
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 COVID-19 global pandemic has resulted in major disruptions to economies and markets around the world. Financial markets have experienced extreme volatility and severe losses, negatively impacting global economic
growth prospects. The duration of the COVID-19 outbreak and its effects cannot be determined with certainty and may exacerbate other political, social and economic risks.
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.
Although this portfolio 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.