Select DSIP, 1st Qtr 2022  Ticker: FWPGKX
A unit investment trust of 25 stocks designed to provide income and growth potential through an investment strategy that capitalizes on the power of rising dividends.
Please note that there is no assurance the objective will be met.
Product Code: DS1Q22
Portfolio Status: Secondary
Initial Offer Date: 01/18/2022
Secondary Date: 04/18/2022
Portfolio Ending Date: 04/17/2023
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $8.8970
POP(*): $9.0187
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)
1.92% $0.17330
^ 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 3.40%
Consumer Discretionary  Consumer Discretionary 9.91%
Consumer Staples  Consumer Staples 8.31%
Energy  Energy 4.24%
Financials  Financials 10.12%
Health Care  Health Care 13.40%
Industrials  Industrials 12.29%
Information Technology  Information Technology 20.55%
Materials  Materials 3.89%
Real Estate  Real Estate 4.50%
Utilities  Utilities 9.25%
Other  Other 0.14%
  Large Mid Small  
Growth  53.24% 11.66% 0.00%  
Value  30.31% 4.65% 0.00%  

 Style Weighting
Large-Cap Growth 53.24%
Large-Cap Value 30.31%
Mid-Cap Growth 11.66%
Mid-Cap Value 4.65%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.14%
U.S. Stocks 91.54%   Other 0.14%
Non-U.S. Stocks 8.32%      
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 $180,559.05
Price/Earnings 20.19
Price/Book 4.33
As of 6/29/2022
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 5.05%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Growth 4.91%
 Jack Henry & Associates, Inc. JKHY Information Technology  Information Technology Mid-Cap Growth 4.86%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 4.68%
 Atmos Energy Corporation ATO Utilities  Utilities Mid-Cap Value 4.65%
 WEC Energy Group, Inc. WEC Utilities  Utilities Large-Cap Value 4.60%
 American Tower Corporation AMT Real Estate  Real Estate Large-Cap Growth 4.50%
 Chubb Limited CB Financials  Financials Large-Cap Value 4.43%
 McDonald's Corporation MCD Consumer Discretionary  Consumer Discretionary Large-Cap Growth 4.25%
 Colgate-Palmolive Company CL Consumer Staples  Consumer Staples Large-Cap Growth 4.25%
 Phillips 66 PSX Energy  Energy Large-Cap Value 4.24%
 Automatic Data Processing, Inc. ADP Information Technology  Information Technology Large-Cap Growth 4.18%
 Mondelez International, Inc. MDLZ Consumer Staples  Consumer Staples Large-Cap Value 4.06%
 Broadridge Financial Solutions, Inc. BR Information Technology  Information Technology Mid-Cap Growth 4.02%
 United Parcel Service, Inc. (Class B) UPS Industrials  Industrials Large-Cap Growth 3.91%
 Linde Plc LIN Materials  Materials Large-Cap Value 3.89%
 Abbott Laboratories ABT Health Care  Health Care Large-Cap Growth 3.81%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 3.80%
 Texas Instruments Incorporated TXN Information Technology  Information Technology Large-Cap Growth 3.69%
 Comcast Corporation (Class A) CMCSA Communication Services  Communication Services Large-Cap Value 3.40%
 Illinois Tool Works Inc. ITW Industrials  Industrials Large-Cap Growth 3.33%
 Intercontinental Exchange, Inc. ICE Financials  Financials Large-Cap Value 2.94%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.88%
 V.F. Corporation VFC Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.78%
 BlackRock, Inc. BLK Financials  Financials Large-Cap Value 2.75%
Total Number of Holdings:    25
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.

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.

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.

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.

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.

Wells Fargo Disclosure. While Wells Fargo Advisors has carefully evaluated and approved the securities in this portfolio, it may choose for any reason not to recommend any or all of the securities for another purpose or at a later date. This may affect the value of your units.

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.