AI, Robotics & Technology Opportunity Portfolio, Series 23
Fueled by advances in computer and sensor technology, robots and artificial intelligence (AI) are
becoming an integral part of our daily lives as providers of labor, mobility, safety, convenience and
entertainment. What was once largely limited to manufacturing plants, robots are now found in
households, offices, hospitals, farms and highways.
Artificial Intelligence - is the theory and development of computer systems able to
perform tasks that normally require human intelligence, such as visual perception, speech
recognition, decision making and translation between languages.
Robotics - is the branch of technology that deals with the design, construction, operation
and application of robots.
Consider The Following:
- The global market for industrial robots was sized at about $43.8 billion in 2021 and is
anticipated to reach approximately $70.6 billion by 2028, growing at a compound annual
growth rate (CAGR) of around 10% from 2021-2028.1
- Worldwide revenues for the AI market, including software, hardware, and services, totaled
$383.3 billion in 2021, a 20.7% increase from 2020. Revenues are anticipated to have
reached nearly $450 billion in 2022 and to hit $900 billion by 2026, growing at a 18.6%
CAGR from 2022-2026.2
1 Statista
2 IDC

Portfolio Objective
This unit investment trust seeks above-average capital appreciation; however, there is no
assurance the objective will be met.
Not FDIC Insured Not Bank Guaranteed May Lose Value |
You should consider the portfolio's investment objective, 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.
You should be aware that the portfolio is concentrated in stocks in both the industrials and information
technology sectors which involves additional risks, including limited diversification. The companies engaged
in the industrials sector are subject to certain risks, including a deterioration in the general state of the
economy, intense competition, domestic and international politics, excess capacity and changing spending
trends. The companies engaged in the information technology sector are subject to fierce competition, high
research and development costs, and their products and services may be subject to rapid obsolescence.
Technology company stocks, especially those which are Internet-related, may experience extreme price and
volume fluctuations that are often unrelated to their operating performance. There is no assurance that the
projections stated herein will be realized.
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.
An investment in a portfolio containing mid-cap companies is subject to additional risks, as the share prices
of 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.
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.
The COVID-19 global pandemic and the ensuing policies enacted by governments and central banks have
caused and may continue to cause significant volatility and uncertainty in global financial markets. While
the U.S. has resumed “reasonably” normal business activity, many countries continue to impose lockdown
measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of
the disease.
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.