S&P Target 24, 1st Qtr 2021

Description

A unit investment trust that seeks above-average total return; however, there is no assurance the objective will be met. The stocks in the portfolio are selected by applying a disciplined investment strategy which adheres to pre-determined screens and factors.

Please note that there is no assurance the objective will be met.

Summary

Product Code:

241Q21

Portfolio Status:

Secondary

Initial Offer Date:

01/11/2021

Secondary Date:

04/12/2021

Portfolio Ending Date:

04/08/2022

Tax Structure:

Grantor

Distributions:

Monthly

Initial Offer Price:	$10.0000
NAV(*):	$10.4022
POP(*):	$10.5446
Remaining Deferred Sales Charge:	$0.1350

* As of Trade Date: 04/12/2021 4:00pm ET


Fact Sheet	Prospectus

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 4/12/2021)	Per Unit (as of 4/9/2021)
0.51%	$0.05360

^ 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 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.

Holdings Analysis

Click here to Perform a Benchmark Comparison

Sector	Weighting
Communication Services	13.75%
Consumer Discretionary	14.20%
Consumer Staples	7.37%
Energy	0.00%
Financials	12.06%
Health Care	13.06%
Industrials	9.34%
Information Technology	27.29%
Materials	2.93%
Real Estate	0.00%
Utilities	0.00%
Other	0.00%

	Large	Mid	Small
Growth	79.19%	8.82%	0.00%
Value	10.31%	1.68%	0.00%

Style	Weighting
Large-Cap Growth	79.19%
Large-Cap Value	10.31%
Mid-Cap Growth	8.82%
Mid-Cap Value	1.68%
Small-Cap Growth	0.00%
Small-Cap Value	0.00%
Undetermined	0.00%

Composition
U.S. Stocks	100.00%	Other	0.00%
Non-U.S. Stocks	0.00%

The style and sector characteristics of the portfolio are determined as of 04/12/2021 and will likely vary thereafter due to market fluctuations in the underlying securities.

Key Stats

Weighted Average Market Cap	$732,462.93
Price/Earnings	26.61
Price/Book	9.83

As of 4/12/2021

All market capitalization numbers are in USD$ Millions

Holdings

Export Current Holdings | View Initial Holdings

Name	Symbol	Sector	Style	Weighting
Apple Inc.	AAPL	Information Technology	Large-Cap Growth	23.52%
Alphabet Inc. (Class C)	GOOG	Communication Services	Large-Cap Growth	11.71%
Dollar General Corporation	DG	Consumer Discretionary	Large-Cap Growth	6.56%
MSCI Inc.	MSCI	Financials	Large-Cap Growth	5.83%
Regeneron Pharmaceuticals, Inc.	REGN	Health Care	Large-Cap Value	5.76%
Illinois Tool Works Inc.	ITW	Industrials	Large-Cap Growth	5.75%
eBay Inc.	EBAY	Consumer Discretionary	Large-Cap Growth	5.61%
IDEXX Laboratories, Inc.	IDXX	Health Care	Large-Cap Growth	5.03%
Ameriprise Financial, Inc.	AMP	Financials	Large-Cap Value	4.55%
Oracle Corporation	ORCL	Information Technology	Large-Cap Growth	3.45%
Monster Beverage Corporation	MNST	Consumer Staples	Large-Cap Growth	3.38%
The Hershey Company	HSY	Consumer Staples	Large-Cap Growth	2.31%
Hologic, Inc.	HOLX	Health Care	Mid-Cap Growth	2.27%
Old Dominion Freight Line, Inc.	ODFL	Industrials	Large-Cap Growth	2.25%
Domino's Pizza, Inc.	DPZ	Consumer Discretionary	Mid-Cap Growth	2.03%
The Sherwin-Williams Company	SHW	Materials	Large-Cap Growth	1.92%
Netflix, Inc.	NFLX	Communication Services	Large-Cap Growth	1.87%
Global Life Inc.	GL	Financials	Mid-Cap Value	1.68%
The Clorox Company	CLX	Consumer Staples	Mid-Cap Growth	1.68%
Masco Corporation	MAS	Industrials	Mid-Cap Growth	1.34%
Celanese Corporation	CE	Materials	Mid-Cap Growth	0.52%
Avery Dennison Corporation	AVY	Materials	Mid-Cap Growth	0.49%
Teradyne, Inc.	TER	Information Technology	Mid-Cap Growth	0.32%
Take-Two Interactive Software, Inc.	TTWO	Communication Services	Mid-Cap Growth	0.17%

Total Number of Holdings: 24

Underlying Securities information represented above is as of 04/12/2021 but will vary with future fluctuations in the market.

Deferred Sales Charge Schedule

Amount	Date
$0.04500	April 20, 2021
$0.04500	May 20, 2021
$0.04500	June 18, 2021

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 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.

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

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.

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.

The S&P 500 Index is a product of S&P Dow Jones Indices LLC or its affiliates ("SPDJI") and has been licensed for use by First Trust Portfolios L.P. Standard & Poor's^® and S&P^® are registered trademarks of Standard & Poor's Financial Services LLC ("S&P"); Dow Jones^® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by First Trust Portfolios L.P. This product is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

Fund Cusip Information

30316S724	(Cash)
30316S732	(Reinvest)
30316S740	(Cash-Fee)
30316S757	(Reinvest-Fee)

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