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60/40 Strategic Allocation, 2nd Qtr 2022  Ticker: FNITLX
A unit investment trust which seeks the potential for above-average total return by investing approximately 60% of its assets in common stocks which are selected by applying a disciplined investment strategy and 40% of its assets in exchange-traded funds which invest in fixed-income securities.
Please note that there is no assurance the objective will be met.
Product Code: 6S2Q22
Portfolio Status: Primary
Initial Offer Date: 04/12/2022
Portfolio Ending Date: 07/17/2023
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $9.0987
POP(*): $9.2193
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 06/27/2022 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 6/27/2022) Per Unit (as of 6/27/2022)
2.50% $0.23010
^ 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  Export Current Holdings | View Initial Holdings  
 iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB 1.71%
 First Trust Low Duration Opportunities ETF LMBS 1.71%
 iShares Core 1-5 Year USD Bond ETF ISTB 1.71%
 Vanguard Short-Term Corporate Bond ETF VCSH 1.70%
 SPDR Portfolio Intermediate Term Corporate Bond ETF SPIB 1.68%
 Vanguard Mortgage-Backed Securities ETF VMBS 1.68%
 SPDR Portfolio Mortgage Backed Bond ETF SPMB 1.68%
 SPDR ICE Preferred Securities ETF PSK 1.67%
 iShares Trust iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB 1.65%
 iShares Broad USD Investment Grade Corporate Bond ETF USIG 1.65%
 Invesco Preferred ETF PGX 1.65%
 Vanguard Intermediate-Term Corporate Bond ETF VCIT 1.65%
 PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund CORP 1.65%
 SPDR Bloomberg Short Term High Yield Bond ETF SJNK 1.65%
 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 1.65%
 Vanguard Total International Bond ETF BNDX 1.65%
 Invesco Senior Loan ETF BKLN 1.64%
 First Trust Senior Loan Fund FTSL 1.64%
 SPDR Blackstone Senior Loan ETF SRLN 1.63%
 Xtrackers USD High Yield Corporate Bond ETF HYLB 1.63%
 iShares Broad USD High Yield Corporate Bond ETF USHY 1.62%
 SPDR Portfolio High Yield Bond ETF SPHY 1.62%
 FlexShares High Yield Value-Scored Bond Index Fund HYGV 1.59%
 First Trust Tactical High Yield ETF HYLS 1.54%
 Invesco Emerging Markets Sovereign Debt ETF PCY 1.51%
 Exxon Mobil Corporation XOM 0.57%
 Cigna Corporation CI 0.57%
 Vertex Pharmaceuticals Incorporated VRTX 0.56%
 Humana Inc. HUM 0.55%
 Northrop Grumman Corporation NOC 0.55%
 Dollar General Corporation DG 0.55%
 Johnson & Johnson JNJ 0.54%
 AutoZone, Inc. AZO 0.54%
 The Hershey Company HSY 0.54%
 The Progressive Corporation PGR 0.54%
 Cummins Inc. CMI 0.54%
 Old Dominion Freight Line, Inc. ODFL 0.54%
 The Coca-Cola Company KO 0.53%
 Mondelez International, Inc. MDLZ 0.53%
 United Parcel Service, Inc. (Class B) UPS 0.52%
 Keysight Technologies, Inc. KEYS 0.52%
 UnitedHealth Group Incorporated UNH 0.51%
 American Electric Power Company, Inc. AEP 0.51%
 EOG Resources, Inc. EOG 0.51%
 ConocoPhillips COP 0.51%
 Anthem, Inc. ANTM 0.51%
 Walgreens Boots Alliance, Inc. WBA 0.51%
 Xcel Energy Inc. XEL 0.50%
 Tyson Foods, Inc. (Class A) TSN 0.50%
 HP Inc. HPQ 0.50%
 Microsoft Corporation MSFT 0.50%
 Becton, Dickinson and Company BDX 0.50%
 Marsh & McLennan Companies, Inc. MMC 0.50%
 QUALCOMM Incorporated QCOM 0.50%
 L3Harris Technologies Inc. LHX 0.50%
 Moderna, Inc. MRNA 0.50%
 Abbott Laboratories ABT 0.49%
 The Procter & Gamble Company PG 0.49%
 The Travelers Companies, Inc. TRV 0.49%
 AmerisourceBergen Corporation ABC 0.49%
 W.W. Grainger, Inc. GWW 0.48%
 The Allstate Corporation ALL 0.48%
 Lockheed Martin Corporation LMT 0.48%
 O'Reilly Automotive, Inc. ORLY 0.48%
 Chevron Corporation CVX 0.48%
 Caterpillar Inc. CAT 0.47%
 Blackstone Inc. BX 0.47%
 General Motors Company GM 0.47%
 Alphabet Inc. (Class A) GOOGL 0.47%
 Aflac Incorporated AFL 0.46%
 T. Rowe Price Group, Inc. TROW 0.46%
 Deutsche Telekom AG (ADR) DTEGY 0.46%
 Intel Corporation INTC 0.45%
 Costco Wholesale Corporation COST 0.45%
 TotalEnergies SE (ADR) TTE 0.45%
 Cisco Systems, Inc. CSCO 0.45%
 Regeneron Pharmaceuticals, Inc. REGN 0.45%
 British American Tobacco Plc (ADR) BTI 0.45%
 Archer-Daniels-Midland Company ADM 0.44%
 Ball Corporation BALL 0.44%
 Walmart, Inc. WMT 0.43%
 Newmont Corporation NEM 0.43%
 Berkshire Hathaway Inc. (Class B) BRK/B 0.43%
 Nippon Telegraph and Telephone Corporation (ADR) NTTYY 0.42%
 KDDI Corporation (ADR) KDDIY 0.42%
 Canadian Pacific Railway Limited CP 0.41%
 West Pharmaceutical Services, Inc. WST 0.41%
 CSL Limited (ADR) CSLLY 0.41%
 Shell Plc (ADR) SHEL 0.41%
 Toyota Motor Corporation TM 0.40%
 Deere & Company DE 0.40%
 Novo Nordisk A/S (ADR) NVO 0.40%
 Amazon.com, Inc. AMZN 0.40%
 Equinor ASA EQNR 0.40%
 Nucor Corporation NUE 0.39%
 Sony Group Corp. (ADR) SONY 0.39%
 Novartis AG (ADR) NVS 0.39%
 Chubb Limited CB 0.39%
 Mitsubishi UFJ Financial Group, Inc. (ADR) MUFG 0.39%
 Sanofi (ADR) SNY 0.39%
 Iberdrola S.A. (ADR) IBDRY 0.39%
 Nestle S.A. (ADR) NSRGY 0.38%
 Zurich Insurance Group AG (ADR) ZURVY 0.38%
 Air Liquide S.A. (ADR) AIQUY 0.38%
 Bank of Montreal BMO 0.37%
 Canadian Natural Resources Limited CNQ 0.37%
 Nintendo Co., Ltd. (ADR) NTDOY 0.37%
 Target Corporation TGT 0.35%
 Shin-Etsu Chemical Co., Ltd. (ADR) SHECY 0.35%
 Roche Holding AG (ADR) RHHBY 0.34%
 Rio Tinto Plc (ADR) RIO 0.34%
 Nutrien Ltd. NTR 0.34%
 Chugai Pharmaceutical Co., Ltd. (ADR) CHGCY 0.34%
 BHP Group Ltd (ADR) BHP 0.33%
 Anglo American Plc (ADR) NGLOY 0.31%
 Mattel, Inc. MAT 0.23%
 FTI Consulting, Inc. FCN 0.23%
 MDU Resources Group, Inc. MDU 0.22%
 Expeditors International of Washington, Inc. EXPD 0.22%
 Landstar System, Inc. LSTR 0.22%
 C.H. Robinson Worldwide, Inc. CHRW 0.22%
 Knight-Swift Transportation Holdings Inc. KNX 0.22%
 Kinsale Capital Group, Inc. KNSL 0.22%
 Flowers Foods, Inc. FLO 0.21%
 Snap-on Incorporated SNA 0.21%
 Incyte Corporation INCY 0.21%
 SEI Investments Company SEIC 0.21%
 Selective Insurance Group, Inc. SIGI 0.21%
 PulteGroup, Inc. PHM 0.21%
 Coterra Energy Inc. CTRA 0.21%
 Reliance Steel & Aluminum Co. RS 0.21%
 Houlihan Lokey, Inc. HLI 0.21%
 Avangrid, Inc. AGR 0.21%
 Ulta Beauty, Inc. ULTA 0.21%
 Pinnacle West Capital Corporation PNW 0.20%
 Old Republic International Corporation ORI 0.20%
 Teradyne, Inc. TER 0.20%
 Chemed Corporation CHE 0.20%
 NVR, Inc. NVR 0.20%
 D.R. Horton, Inc. DHI 0.20%
 Take-Two Interactive Software, Inc. TTWO 0.20%
 Lennar Corporation LEN 0.20%
 Saia, Inc. SAIA 0.20%
 The Hanover Insurance Group, Inc. THG 0.20%
 Markel Corporation MKL 0.20%
 Packaging Corporation of America PKG 0.20%
 First Solar, Inc. FSLR 0.20%
 Civitas Resources Inc. CIVI 0.20%
 Evergy, Inc. EVRG 0.20%
 BJ's Wholesale Club Holdings, Inc. BJ 0.20%
 Cincinnati Financial Corporation CINF 0.19%
 Tractor Supply Company TSCO 0.19%
 Columbia Sportswear Company COLM 0.19%
 Bio-Rad Laboratories, Inc. (Class A) BIO 0.19%
 Westlake Corporation WLK 0.19%
 Darling Ingredients Inc. DAR 0.19%
 First American Financial Corporation FAF 0.19%
 Hewlett Packard Enterprise Company HPE 0.19%
 Omnicom Group Inc. OMC 0.18%
 Steel Dynamics, Inc. STLD 0.18%
 Range Resources Corporation RRC 0.18%
 Williams-Sonoma, Inc. WSM 0.18%
 Molina Healthcare, Inc. MOH 0.18%
 Watsco, Inc. WSO 0.18%
 Huntsman Corporation HUN 0.18%
 CF Industries Holdings, Inc. CF 0.18%
 Akamai Technologies, Inc. AKAM 0.17%
 Universal Health Services, Inc. (Class B) UHS 0.16%
 Best Buy Co., Inc. BBY 0.16%
 AGCO Corporation AGCO 0.16%
 Robert Half International Inc. RHI 0.15%
 Amedisys, Inc. AMED 0.15%
 The New York Times Company (Class A) NYT 0.14%
 The Mosaic Company MOS 0.14%
 Avnet, Inc. AVT 0.13%
 Coca-Cola Consolidated Inc. COKE 0.13%
 United States Steel Corporation X 0.12%
 Sanmina Corporation SANM 0.12%
 Air Transport Services Group, Inc. ATSG 0.12%
 AMN Healthcare Services, Inc. AMN 0.12%
 ManTech International Corporation MANT 0.12%
 CVB Financial Corp. CVBF 0.12%
 PS Business Parks, Inc. PSB 0.12%
 ExlService Holdings, Inc. EXLS 0.12%
 Dorman Products, Inc. DORM 0.12%
 NetScout Systems, Inc. NTCT 0.12%
 Schneider National, Inc. (Class B) SNDR 0.12%
 Werner Enterprises, Inc. WERN 0.11%
 Mueller Industries, Inc. MLI 0.11%
 Cirrus Logic, Inc. CRUS 0.11%
 Simpson Manufacturing Co., Inc. SSD 0.11%
 Foot Locker, Inc. FL 0.11%
 RLI Corp. RLI 0.11%
 Encore Wire Corporation WIRE 0.11%
 World Wrestling Entertainment, Inc. WWE 0.11%
 Commvault Systems, Inc. CVLT 0.11%
 Premier, Inc. (Class A) PINC 0.11%
 Dillard's, Inc. (Class A) DDS 0.10%
 Worthington Industries, Inc. WOR 0.10%
 Graham Holdings Company GHC 0.10%
 WesBanco, Inc. WSBC 0.10%
 Radian Group Inc. RDN 0.10%
 Louisiana-Pacific Corporation LPX 0.10%
 KB Home KBH 0.10%
 Insight Enterprises, Inc. NSIT 0.10%
 M.D.C. Holdings, Inc. MDC 0.10%
 Weis Markets, Inc. WMK 0.10%
 United States Cellular Corporation USM 0.10%
 J & J Snack Foods Corp. JJSF 0.10%
 Steven Madden, Ltd. SHOO 0.10%
 Meritage Homes Corporation MTH 0.10%
 Franklin Electric Co., Inc. FELE 0.10%
 Cal-Maine Foods, Inc. CALM 0.10%
 Diodes Incorporated DIOD 0.10%
 Hilltop Holdings Inc. HTH 0.10%
 TowneBank TOWN 0.10%
 Grand Canyon Education, Inc. LOPE 0.10%
 The Ensign Group, Inc. ENSG 0.10%
 Evercore Inc. EVR 0.10%
 Tri Pointe Homes, Inc. TPH 0.10%
 Moelis & Company (Class A) MC 0.10%
 Atkore Inc. ATKR 0.10%
 QuidelOrtho Corporation QDEL 0.10%
 Telephone and Data Systems, Inc. TDS 0.09%
 Commercial Metals Company CMC 0.09%
 Mercury General Corporation MCY 0.09%
 Badger Meter, Inc. BMI 0.09%
 Seaboard Corporation SEB 0.09%
 EchoStar Corporation (Class A) SATS 0.09%
 CorVel Corporation CRVL 0.09%
 Boise Cascade Company BCC 0.09%
 Emergent BioSolutions Inc. EBS 0.08%
 Sprouts Farmers Market, Inc. SFM 0.08%
 Sonos, Inc. SONO 0.08%
 ACADIA Pharmaceuticals Inc. ACAD 0.07%
 Woodside Energy Group Limited (ADR) WDS 0.04%
Total Number of Holdings:    236
Underlying Securities information represented above is as of 06/27/2022 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.15%
  Deferred:  1.46%
C&D Fee:    0.54%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30325N401 Cash Monthly
30325N419 Reinvest Monthly
* Based on the offer price as of 06/27/2022 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.55%
Maximum Sales Charge:   0.55%
CUSIP Type Distribution
30325N427 Cash-Fee Monthly
30325N435 Reinvest-Fee Monthly
* Based on the NAV price as of 06/27/2022 4:00pm ET
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 July 20, 2022
$0.04500 August 19, 2022
$0.04500 September 20, 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.

Brexit Risk. Approximately one year after the United Kingdom officially departed the European Union (commonly referred to as "Brexit"), the United Kingdom and the European Union reached a trade agreement that became effective on December 31, 2020. It is not currently possible to determine the extent of the impact the Brexit trade agreement may have on the portfolio's investments and this uncertainty could negatively impact current and future economic conditions in the United Kingdom and other countries, which could negatively impact the value of the portfolio's investments.

Covenant-Lite Loan Risk. Certain of the funds invest significantly in "covenant-lite" loans, which are loans made with minimal protections for the lender. Because covenant-lite loans are less restrictive on borrowers and provide less protection for lenders than typical corporate loans, the risk of default may be significantly higher.

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.

ETF Risk. ETFs are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding ETFs or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, ETFs frequently trade at a discount from their net asset value in the secondary market. Certain ETFs may employ the use of leverage, which increases the volatility of such funds.

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.

Investment Grade Bonds Risk. Investment grade securities are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade security market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

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.

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.

Senior Loans Risk. The yield on senior loans will generally decline in a falling interest rate environment and increase in a rising interest rate environment. Senior loans are generally below investment grade quality ("junk" bonds). An investment in senior loans involves the risk that the borrowers may default on their obligations to pay principal or interest when due.

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.

Additional Risk. For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.

Important Note. It is important to note that an investment can be made in the underlying funds directly rather than through the trust. These direct investments can be made without paying the trust's sales charge, operating expenses and organizational costs.

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.

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
30325N401 (Cash)
30325N419 (Reinvest)
30325N427 (Cash-Fee)
30325N435 (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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