Value Line® Target Safety 30, 1st Qtr 2022  Ticker: FNRFKX
A unit investment trust that seeks to provide above-average capital appreciation; 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.
Product Code: VS1Q22
Portfolio Status: Secondary
Initial Offer Date: 01/10/2022
Secondary Date: 04/11/2022
Portfolio Ending Date: 04/06/2023
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.2941
POP(*): $9.4213
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 06/30/2022 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 6/30/2022) Per Unit (as of 6/27/2022)
2.83% $0.26630
^ 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. 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  Communication Services 3.30%
Consumer Discretionary  Consumer Discretionary 0.00%
Consumer Staples  Consumer Staples 20.89%
Energy  Energy 0.00%
Financials  Financials 20.98%
Health Care  Health Care 20.53%
Industrials  Industrials 13.04%
Information Technology  Information Technology 11.49%
Materials  Materials 6.56%
Real Estate  Real Estate 0.00%
Utilities  Utilities 2.99%
Other  Other 0.22%
  Large Mid Small  
Growth  32.93% 11.02% 3.06%  
Value  39.15% 13.62% 0.00%  

 Style Weighting
Large-Cap Growth 32.93%
Large-Cap Value 39.15%
Mid-Cap Growth 11.02%
Mid-Cap Value 13.62%
Small-Cap Growth 3.06%
Small-Cap Value 0.00%
Undetermined 0.22%
U.S. Stocks 86.42%   Other 0.22%
Non-U.S. Stocks 13.36%      
The style and sector characteristics of the portfolio are determined as of 06/29/2022 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $91,145.16
Price/Earnings 13.09
Price/Book 2.71
As of 6/29/2022
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 4.02%
 Archer-Daniels-Midland Company ADM Consumer Staples  Consumer Staples Large-Cap Value 3.89%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 3.83%
 Kellogg Company K Consumer Staples  Consumer Staples Mid-Cap Growth 3.78%
 Campbell Soup Company CPB Consumer Staples  Consumer Staples Mid-Cap Growth 3.74%
 The Hanover Insurance Group, Inc. THG Financials  Financials Mid-Cap Value 3.72%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 3.63%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 3.61%
 The Allstate Corporation ALL Financials  Financials Large-Cap Value 3.61%
 The Travelers Companies, Inc. TRV Financials  Financials Large-Cap Value 3.58%
 General Dynamics Corporation GD Industrials  Industrials Large-Cap Value 3.55%
 GSK Plc (ADR) GSK Health Care  Health Care Large-Cap Growth 3.52%
 Everest Re Group, Ltd. RE Financials  Financials Mid-Cap Value 3.51%
 Packaging Corporation of America PKG Materials  Materials Mid-Cap Growth 3.50%
 CNA Financial Corporation CNA Financials  Financials Mid-Cap Value 3.40%
 Novartis AG (ADR) NVS Health Care  Health Care Large-Cap Value 3.35%
 Verizon Communications Inc. VZ Communication Services  Communication Services Large-Cap Value 3.30%
 PepsiCo, Inc. PEP Consumer Staples  Consumer Staples Large-Cap Growth 3.30%
 Mondelez International, Inc. MDLZ Consumer Staples  Consumer Staples Large-Cap Value 3.20%
 CVS Health Corporation CVS Health Care  Health Care Large-Cap Value 3.19%
 Aflac Incorporated AFL Financials  Financials Large-Cap Value 3.16%
 NewMarket Corporation NEU Materials  Materials Small-Cap Growth 3.06%
 Paychex, Inc. PAYX Information Technology  Information Technology Large-Cap Growth 3.03%
 Gilead Sciences, Inc. GILD Health Care  Health Care Large-Cap Value 3.03%
 UGI Corporation UGI Utilities  Utilities Mid-Cap Value 2.99%
 Unilever Plc (ADR) UL Consumer Staples  Consumer Staples Large-Cap Growth 2.98%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Value 2.90%
 3M Company MMM Industrials  Industrials Large-Cap Growth 2.57%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Growth 2.44%
 Intel Corporation INTC Information Technology  Information Technology Large-Cap Value 2.39%
Total Number of Holdings:    30
Underlying Securities information represented above is as of 06/29/2022 but will vary with future fluctuations in the market.

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.

Consumer Products Risk. The companies engaged in the consumer products sector 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.

COVID-19 Economic Impact Risk. The COVID-19 global pandemic has caused and may continue to cause significant volatility and declines 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.

Foreign Securities Risk. 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.

Market Disruption Risk. 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.

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.

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.

"Value Line", "The Value Line Investment Survey", "Timeliness", and "Safety" are trademarks or registered trademarks of Value Line, Inc. ("Value Line") and have been licensed for use for certain purposes by First Trust Portfolios L.P. This product is not sponsored, endorsed, recommended, sold or promoted by Value Line and Value Line makes no representation regarding the advisability of investing in products utilizing such strategy. First Trust Portfolios L.P. is not affiliated with any Value Line company.