Dorsey Wright Relative Strength Top 50, 39  Ticker: FLESKX
 
Description
A unit investment trust that seeks above-average capital appreciation by investing in a portfolio of companies selected by Dorsey Wright & Associates using a comprehensive evaluation process.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: DW5039
Portfolio Status: Secondary
Initial Offer Date: 05/20/2020
Secondary Date: 08/17/2020
Portfolio Ending Date: 08/20/2021
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $11.2441
POP(*): $11.3980
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 09/22/2020 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges. The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.

 Historical 12-Month Distribution of Trust Holdings:^
Rate (as of 9/22/2020) Per Unit (as of 9/21/2020)
0.57% $0.06490
^ 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 recent 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 twelve 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 twelve 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. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. PLEASE NOTE: For trusts that hold preferred securities, the historical distribution rate is calculated using only the holdings that have 12 months of distribution history. Any holdings without a 12 month history of dividends were excluded from the calculation.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 5.64%
Consumer Discretionary  Consumer Discretionary 15.28%
Consumer Staples  Consumer Staples 3.92%
Energy  Energy 1.87%
Financials  Financials 5.74%
Health Care  Health Care 14.93%
Industrials  Industrials 7.57%
Information Technology  Information Technology 30.30%
Materials  Materials 3.99%
Real Estate  Real Estate 7.03%
Utilities  Utilities 3.50%
Other  Other 0.23%
 
  Large Mid Small  
Growth  50.87% 26.86% 0.00%  
Value  18.57% 1.60% 1.87%  

 Style Weighting
Large-Cap Growth 50.87%
Large-Cap Value 18.57%
Mid-Cap Growth 26.86%
Mid-Cap Value 1.60%
Small-Cap Growth 0.00%
Small-Cap Value 1.87%
Undetermined 0.23%
 Composition
U.S. Stocks 97.33%   Other 0.23%
Non-U.S. Stocks 2.44%      
The style and sector characteristics of the portfolio are determined as of 09/21/2020 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $153,747.46
Price/Earnings 30.89
Price/Book 6.20
As of 9/21/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Penn National Gaming, Inc. PENN Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 5.08%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 2.46%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 2.45%
 SolarEdge Technologies, Inc. SEDG Information Technology  Information Technology Mid-Cap Growth 2.44%
 Rollins, Inc. ROL Industrials  Industrials Mid-Cap Growth 2.30%
 West Pharmaceutical Services, Inc. WST Health Care  Health Care Large-Cap Growth 2.27%
 Danaher Corporation DHR Health Care  Health Care Large-Cap Value 2.23%
 Best Buy Co., Inc. BBY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.19%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 2.19%
 Adobe Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 2.18%
 Monolithic Power Systems, Inc. MPWR Information Technology  Information Technology Mid-Cap Growth 2.18%
 IDEXX Laboratories, Inc. IDXX Health Care  Health Care Large-Cap Growth 2.15%
 Church & Dwight Co., Inc. CHD Consumer Staples  Consumer Staples Large-Cap Growth 2.15%
 NIKE, Inc. (Class B) NKE Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.12%
 ServiceNow, Inc. NOW Information Technology  Information Technology Large-Cap Growth 2.12%
 NextEra Energy, Inc. NEE Utilities  Utilities Large-Cap Value 2.08%
 Cadence Design Systems, Inc. CDNS Information Technology  Information Technology Large-Cap Growth 2.04%
 ANSYS, Inc. ANSS Information Technology  Information Technology Large-Cap Growth 2.03%
 The Sherwin-Williams Company SHW Materials  Materials Large-Cap Growth 2.02%
 Charter Communications, Inc. CHTR Communication Services  Communication Services Large-Cap Value 2.02%
 Chipotle Mexican Grill, Inc. CMG Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.98%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.97%
 RPM International Inc. RPM Materials  Materials Mid-Cap Growth 1.97%
 S&P Global Inc. SPGI Financials  Financials Large-Cap Growth 1.96%
 Amazon.com, Inc. AMZN Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.94%
 Mastercard Incorporated MA Information Technology  Information Technology Large-Cap Growth 1.94%
 Roper Technologies, Inc. ROP Industrials  Industrials Large-Cap Value 1.93%
 Moody's Corporation MCO Financials  Financials Large-Cap Growth 1.93%
 T-Mobile US, Inc. TMUS Communication Services  Communication Services Large-Cap Value 1.92%
 Matador Resources Company MTDR Energy  Energy Small-Cap Value 1.87%
 MSCI Inc. MSCI Financials  Financials Large-Cap Growth 1.85%
 American Tower Corporation AMT Real Estate  Real Estate Large-Cap Growth 1.82%
 Repligen Corporation RGEN Health Care  Health Care Mid-Cap Growth 1.82%
 Visa Inc. (Class A) V Information Technology  Information Technology Large-Cap Growth 1.81%
 SBA Communications Corporation SBAC Real Estate  Real Estate Large-Cap Growth 1.80%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Value 1.77%
 Hormel Foods Corporation HRL Consumer Staples  Consumer Staples Large-Cap Value 1.77%
 Crown Castle International Corp. CCI Real Estate  Real Estate Large-Cap Growth 1.76%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 1.74%
 Paycom Software, Inc. PAYC Information Technology  Information Technology Mid-Cap Growth 1.71%
 Cable One, Inc. CABO Communication Services  Communication Services Mid-Cap Growth 1.70%
 Humana Inc. HUM Health Care  Health Care Large-Cap Value 1.68%
 Fiserv, Inc. FISV Information Technology  Information Technology Large-Cap Value 1.67%
 CoreSite Realty Corporation COR Real Estate  Real Estate Mid-Cap Growth 1.65%
 Tyler Technologies, Inc. TYL Information Technology  Information Technology Mid-Cap Growth 1.62%
 Mercury Systems, Inc. MRCY Industrials  Industrials Mid-Cap Value 1.60%
 Masimo Corporation MASI Health Care  Health Care Mid-Cap Growth 1.51%
 Becton, Dickinson and Company BDX Health Care  Health Care Large-Cap Value 1.50%
 Jack Henry & Associates, Inc. JKHY Information Technology  Information Technology Mid-Cap Growth 1.46%
 NRG Energy, Inc. NRG Utilities  Utilities Mid-Cap Growth 1.42%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 09/21/2020 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 August 20, 2020
$0.04500 September 18, 2020
$0.04500 October 20, 2020

Risk Considerations

Equity Risk. An investment in a portfolio containing common stocks is subject to certain 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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

COVID-19 Economic Impact Risk. The recent outbreak of a respiratory disease designated as COVID-19 was first detected in China in December 2019. The global economic impact of the COVID-19 outbreak is impossible to predict but is expected to disrupt manufacturing, supply chains and sales in affected areas and negatively impact global economic growth prospects. The COVID-19 outbreak has also caused significant volatility and declines in global financial markets, which have caused losses for investors. The impact of the COVID-19 outbreak may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.

Foreign Securities Risk. An investment in securities of foreign issuers should be made with an understanding of the additional risks involved, such as currency fluctuations, political risk, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. 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.

Small-Cap and Mid-Cap Risk. 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.

Technology Risk. 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.

Term Risk - 15 months. Although this unit investment trust 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.

Volatility Risk. 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.

Operational Risk. 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 style and capitalization characteristics used to describe the stocks are designed to help you understand how they fit into your overall investment plan. Due to changes in the value of the stocks the characteristics may vary over time. In general, growth stocks have high relative price-to-book ratios while value stocks have low relative price-to-book ratios. In determining market capitalization characteristics, we analyze the market capitalizations of the 3,000 largest stocks in the U.S. (excluding foreign securities, ADRs, limited partnerships and regulated investment companies) on a monthly basis. Companies with market capitalizations among the largest 10% are considered Large-Cap securities, the next 20% are considered Mid-Cap securities and the remaining securities are considered Small-Cap securities.

You should carefully consider the trust's investment objectives, risks, and charges and expenses 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 trust. Read it carefully before you invest.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.