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Equity Income Opportunity Portfolio, Series 16
Ticker Symbol: FEYRNX

30 Holdings (As of Day of Deposit)
Ticker Company Name Initial
Communication Services
VZ Verizon Communications Inc. 3.33% $55.64
Consumer Discretionary
BBY Best Buy Co., Inc. 3.36% 113.45
HD The Home Depot, Inc. 3.37% 282.08
MCD McDonald’s Corporation 3.38% 219.86
Consumer Staples
MO Altria Group, Inc. 3.32% 49.44
KO The Coca-Cola Company 3.33% 51.22
UL Unilever Plc 3.32% 56.11
CVX Chevron Corporation 3.31% 107.64
COP ConocoPhillips 3.32% 56.58
ALL The Allstate Corporation 3.36% 115.84
BLK BlackRock, Inc. 3.29% 723.07
C Citigroup Inc. 3.34% 73.33
JPM JPMorgan Chase & Co. 3.32% 153.51
Health Care
ABBV AbbVie Inc. 3.35% 110.84
BMY Bristol-Myers Squibb Company 3.35% 61.90
CVS CVS Health Corporation 3.33% 75.07
JNJ Johnson & Johnson 3.31% 161.37
MRK Merck & Co., Inc. 3.33% 76.81
PFE Pfizer Inc. 3.33% 35.83
CMI Cummins Inc. 3.34% 266.92
ETN Eaton Corporation Plc 3.35% 136.83
GD General Dynamics Corporation 3.30% 175.32
LMT Lockheed Martin Corporation 3.36% 347.13
UPS United Parcel Service, Inc. 3.34% 162.82
Information Technology
AVGO Broadcom Inc. 3.27% 478.18
CSCO Cisco Systems, Inc. 3.34% 49.67
IBM International Business Machines Corporation 3.36% 128.24
TXN Texas Instruments Incorporated 3.33% 177.14
RIO Rio Tinto Plc 3.32% 78.80
PEG Public Service Enterprise Group Incorporated 3.34% 58.56

*As of the close of business on 3/16/21.
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 3/17/2021
Initial Public Offering Price $10.00 per Unit
Portfolio Ending Date 6/17/2022
Historical 12-Month Distribution Rate of Trust Holdings:* 2.84%
Historical 12-Month Distribution Per Unit:* $0.2835
Cash CUSIP 30318M725
Reinvestment CUSIP 30318M733
Fee Accounts Cash CUSIP 30318M741
Fee Accounts Reinvestment CUSIP 30318M758

*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. Due to the negative economic impact across many industries caused by the COVID-19 outbreak, certain issuers of the securities included in the trust may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the “Historical 12-Month Distribution Rate of Trust Holdings,” which is based on the trailing twelve-month distributions paid by the securities included in a trust, will likely be higher, and in some cases significantly higher, than the actual distribution rate achieved by the trust. The historical 12-month distribution per unit is based on the weighted average of the trailing 12-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 12 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.

Sales Charges & Expenses (based on a $10 public offering price)
Standard Accounts Sales Charges
Transactional Sales Charges: Initial: 0.00%
  Deferred: 1.35%
Creation and Development Fee:   0.50%
Maximum Sales Charge:   1.85%
Fee/Wrap Accounts
Maximum Sales Charge:   0.50%

The deferred sales charge will be deducted in three monthly installments commencing 6/18/21.

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.

Risk Considerations
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.

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.

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

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.

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.

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.

Fund Cusip Information
30318M725 (Cash)
30318M733 (Reinvest)
30318M741 (Cash-Fee)
30318M758 (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, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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