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S&P/Drucker Institute Corporate Effectiveness, 7  Ticker: FLCMLX
 
Description
The S&P/Drucker Institute Corporate Effectiveness Portfolio seeks above-average capital appreciation by investing in 50 equally weighted common stocks of companies that rank highest in the S&P/Drucker Institute Corporate Effectiveness Index.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: DRCE7
Portfolio Status: Secondary
Initial Offer Date: 03/18/2022
Secondary Date: 06/17/2022
Portfolio Ending Date: 06/23/2023
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $7.9812
POP(*): $8.0904
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 10/03/2022 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 10/3/2022) Per Unit (as of 10/3/2022)
1.87% $0.15100
^ 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 1.75%
Consumer Discretionary  Consumer Discretionary 8.15%
Consumer Staples  Consumer Staples 12.50%
Energy  Energy 0.00%
Financials  Financials 9.02%
Health Care  Health Care 17.73%
Industrials  Industrials 11.21%
Information Technology  Information Technology 31.83%
Materials  Materials 5.41%
Real Estate  Real Estate 1.79%
Utilities  Utilities 0.00%
Other  Other 0.61%
 
  Large Mid Small  
Growth  61.82% 5.88% 0.00%  
Value  24.98% 5.33% 1.38%  

 Style Weighting
Large-Cap Growth 61.82%
Large-Cap Value 24.98%
Mid-Cap Growth 5.88%
Mid-Cap Value 5.33%
Small-Cap Growth 0.00%
Small-Cap Value 1.38%
Undetermined 0.61%
 Composition
U.S. Stocks 92.97%   Other 0.61%
Non-U.S. Stocks 6.42%      
The style and sector characteristics of the portfolio are determined as of 10/03/2022 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $232,210.85
Price/Earnings 14.22
Price/Book 3.54
As of 10/3/2022
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 General Mills, Inc. GIS Consumer Staples  Consumer Staples Large-Cap Value 3.02%
 Automatic Data Processing, Inc. ADP Information Technology  Information Technology Large-Cap Growth 2.70%
 Merck & Co., Inc. MRK Health Care  Health Care Large-Cap Growth 2.67%
 The Hershey Company HSY Consumer Staples  Consumer Staples Large-Cap Growth 2.61%
 Eli Lilly and Company LLY Health Care  Health Care Large-Cap Growth 2.59%
 PepsiCo, Inc. PEP Consumer Staples  Consumer Staples Large-Cap Growth 2.52%
 Xylem Inc. XYL Industrials  Industrials Mid-Cap Growth 2.50%
 Cummins Inc. CMI Industrials  Industrials Large-Cap Value 2.44%
 Trane Technologies Plc TT Industrials  Industrials Large-Cap Growth 2.30%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 2.29%
 The Coca-Cola Company KO Consumer Staples  Consumer Staples Large-Cap Growth 2.28%
 Amgen Inc. AMGN Health Care  Health Care Large-Cap Growth 2.26%
 Agilent Technologies, Inc. A Health Care  Health Care Large-Cap Growth 2.26%
 Linde Plc LIN Materials  Materials Large-Cap Value 2.22%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 2.19%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 2.17%
 Lockheed Martin Corporation LMT Industrials  Industrials Large-Cap Growth 2.15%
 Texas Instruments Incorporated TXN Information Technology  Information Technology Large-Cap Growth 2.14%
 Visa Inc. (Class A) V Information Technology  Information Technology Large-Cap Growth 2.11%
 Mastercard Incorporated MA Information Technology  Information Technology Large-Cap Growth 2.08%
 The Procter & Gamble Company PG Consumer Staples  Consumer Staples Large-Cap Growth 2.07%
 S&P Global Inc. SPGI Financials  Financials Large-Cap Value 1.98%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 1.97%
 Abbott Laboratories ABT Health Care  Health Care Large-Cap Growth 1.96%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 1.94%
 Accenture Plc ACN Information Technology  Information Technology Large-Cap Growth 1.90%
 JPMorgan Chase & Co. JPM Financials  Financials Large-Cap Value 1.83%
 Edwards Lifesciences Corporation EW Health Care  Health Care Large-Cap Growth 1.83%
 3M Company MMM Industrials  Industrials Large-Cap Growth 1.82%
 HP Inc. HPQ Information Technology  Information Technology Large-Cap Growth 1.81%
 Weyerhaeuser Company WY Real Estate  Real Estate Mid-Cap Value 1.79%
 Etsy, Inc. ETSY Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.78%
 Hewlett Packard Enterprise Company HPE Information Technology  Information Technology Mid-Cap Value 1.78%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Value 1.77%
 Whirlpool Corporation WHR Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.76%
 American Express Company AXP Financials  Financials Large-Cap Growth 1.75%
 Bank of America Corporation BAC Financials  Financials Large-Cap Value 1.75%
 Alphabet Inc. (Class C) GOOG Communication Services  Communication Services Large-Cap Growth 1.75%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Growth 1.74%
 Dow Inc. DOW Materials  Materials Large-Cap Value 1.74%
 Salesforce, Inc. CRM Information Technology  Information Technology Large-Cap Value 1.72%
 Capital One Financial Corporation COF Financials  Financials Large-Cap Value 1.71%
 Target Corporation TGT Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.63%
 eBay Inc. EBAY Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.60%
 Applied Materials, Inc. AMAT Information Technology  Information Technology Large-Cap Growth 1.54%
 Adobe Incorporated ADBE Information Technology  Information Technology Large-Cap Growth 1.53%
 Newmont Corporation NEM Materials  Materials Large-Cap Value 1.45%
 Intel Corporation INTC Information Technology  Information Technology Large-Cap Value 1.38%
 PVH Corp. PVH Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.38%
 NVIDIA Corporation NVDA Information Technology  Information Technology Large-Cap Growth 1.23%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 10/03/2022 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.

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 and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty 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.

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.

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.

The S&P/Drucker Institute Corporate Effectiveness Index (SPDICE) 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. The S&P/Drucker Institute Corporate Effectiveness Portfolio 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 products nor do they have any liability for any errors, omissions, or interruptions of SPDICE. "Peter F. Drucker" is a registered trademark of The Drucker 1996 Literary Works Trust, and has been licensed for use by SPDJI and sublicensed by First Trust Portfolios L.P. The Drucker 1996 Literary Works Trust is not a sponsor of and has not approved, authorized, reviewed or been involved in any aspect of this or any other product based on the Drucker Institute's company rankings.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2022 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30325M148 (Cash)
30325M155 (Reinvest)
30325M163 (Cash-Fee)
30325M171 (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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