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U.S. Revenue, 23  Ticker: FJYWMX
 
Description
A unit investment trust that seeks above-average capital appreciation. The portfolio seeks to provide exposure to the U.S. economy, while avoiding companies that could be adversely affected by a strong dollar and slower global growth.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: USRV23
Portfolio Status: Secondary
Initial Offer Date: 01/14/2022
Secondary Date: 04/18/2022
Portfolio Ending Date: 01/16/2024
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.4335
POP(*): $9.6506
Remaining Deferred Sales Charge: $0.1500
* As of Trade Date: 05/13/2022 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 5/13/2022) Per Unit (as of 5/13/2022)
1.61% $0.15510
^ 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 3.09%
Consumer Discretionary  Consumer Discretionary 17.73%
Consumer Staples  Consumer Staples 7.28%
Energy  Energy 12.55%
Financials  Financials 18.02%
Health Care  Health Care 20.88%
Industrials  Industrials 9.02%
Information Technology  Information Technology 0.00%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Utilities  Utilities 10.78%
Other  Other 0.65%
 
  Large Mid Small  
Growth  26.98% 15.56% 0.00%  
Value  28.71% 28.10% 0.00%  

 Style Weighting
Large-Cap Growth 26.98%
Large-Cap Value 28.71%
Mid-Cap Growth 15.56%
Mid-Cap Value 28.10%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.65%
 Composition
U.S. Stocks 99.35%   Other 0.65%
Non-U.S. Stocks 0.00%      
The style and sector characteristics of the portfolio are determined as of 05/13/2022 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $69,828.03
Price/Earnings 13.77
Price/Book 2.69
As of 5/13/2022
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Devon Energy Corporation DVN Energy  Energy Large-Cap Growth 4.76%
 EOG Resources, Inc. EOG Energy  Energy Large-Cap Value 4.20%
 Markel Corporation MKL Financials  Financials Mid-Cap Value 3.80%
 The Southern Company SO Utilities  Utilities Large-Cap Value 3.71%
 Cigna Corporation CI Health Care  Health Care Large-Cap Value 3.71%
 The Kroger Co. KR Consumer Staples  Consumer Staples Large-Cap Value 3.70%
 Ulta Beauty, Inc. ULTA Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 3.63%
 Anthem, Inc. ANTM Health Care  Health Care Large-Cap Value 3.62%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Growth 3.61%
 ONEOK, Inc. OKE Energy  Energy Large-Cap Growth 3.59%
 Conagra Brands, Inc. CAG Consumer Staples  Consumer Staples Mid-Cap Value 3.58%
 Ameren Corporation AEE Utilities  Utilities Mid-Cap Value 3.57%
 Molina Healthcare, Inc. MOH Health Care  Health Care Mid-Cap Growth 3.56%
 FirstEnergy Corp. FE Utilities  Utilities Large-Cap Value 3.50%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.40%
 The Hartford Financial Services Group, Inc. HIG Financials  Financials Mid-Cap Value 3.31%
 O'Reilly Automotive, Inc. ORLY Consumer Discretionary  Consumer Discretionary Large-Cap Growth 3.27%
 Quest Diagnostics Incorporated DGX Health Care  Health Care Mid-Cap Value 3.20%
 CVS Health Corporation CVS Health Care  Health Care Large-Cap Value 3.18%
 CSX Corporation CSX Industrials  Industrials Large-Cap Growth 3.12%
 Verizon Communications Inc. VZ Communication Services  Communication Services Large-Cap Value 3.09%
 Raymond James Financial, Inc. RJF Financials  Financials Mid-Cap Value 2.99%
 United Rentals, Inc. URI Industrials  Industrials Mid-Cap Growth 2.97%
 J.B. Hunt Transport Services, Inc. JBHT Industrials  Industrials Mid-Cap Growth 2.93%
 Regions Financial Corporation RF Financials  Financials Mid-Cap Value 2.73%
 Ameriprise Financial, Inc. AMP Financials  Financials Large-Cap Growth 2.69%
 The Home Depot, Inc. HD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.54%
 Fidelity National Financial, Inc. FNF Financials  Financials Mid-Cap Value 2.50%
 NVR, Inc. NVR Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.47%
 Lennar Corporation LEN Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.42%
 
Total Number of Holdings:    30
Underlying Securities information represented above is as of 05/13/2022 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 April 20, 2022
$0.07500 May 20, 2022
$0.07500 June 17, 2022

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.

Buy & Hold Risk – Taxable Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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.

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

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.

Mid-Cap Risk. 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.

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.

Fund Cusip Information
30323Y102 (Cash)
30323Y110 (Reinvest)
30323Y128 (Cash-Fee)
30323Y136 (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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