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SMid Capital Strength Opportunity, 21  Ticker: FINLEX
A unit investment trust that seeks above-average capital appreciation by investing in a portfolio of small- and mid-capitalization companies which have strong balance sheets.
Please note that there is no assurance the objective will be met.
Product Code: SMCO21
Portfolio Status: Primary
Initial Offer Date: 04/25/2022
Portfolio Ending Date: 07/25/2023
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
Initial Offer Price: $10.0000
NAV(*): $8.9635
POP(*): $9.0815
Remaining Deferred Sales Charge: $0.1350
* As of Trade Date: 06/24/2022 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 6/24/2022) Per Unit (as of 6/24/2022)
1.02% $0.09220
^ 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 2.26%
Consumer Discretionary  Consumer Discretionary 19.69%
Consumer Staples  Consumer Staples 2.94%
Energy  Energy 0.00%
Financials  Financials 14.65%
Health Care  Health Care 11.36%
Industrials  Industrials 26.29%
Information Technology  Information Technology 16.05%
Materials  Materials 6.76%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
  Large Mid Small  
Growth  0.00% 21.39% 38.13%  
Value  0.00% 31.12% 9.36%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 21.39%
Mid-Cap Value 31.12%
Small-Cap Growth 38.13%
Small-Cap Value 9.36%
Undetermined 0.00%
U.S. Stocks 100.00%   Other 0.00%
Non-U.S. Stocks 0.00%      
The style and sector characteristics of the portfolio are determined as of 06/24/2022 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $5,478.45
Price/Earnings 9.81
Price/Book 2.62
As of 6/24/2022
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
 Medifast, Inc. MED Consumer Staples  Consumer Staples Small-Cap Growth 2.94%
 Fair Isaac Corporation FICO Information Technology  Information Technology Mid-Cap Growth 2.93%
 Halozyme Therapeutics, Inc. HALO Health Care  Health Care Mid-Cap Growth 2.93%
 Corcept Therapeutics Incorporated CORT Health Care  Health Care Small-Cap Growth 2.91%
 Axcelis Technologies, Inc. ACLS Information Technology  Information Technology Small-Cap Growth 2.90%
 Progress Software Corporation PRGS Information Technology  Information Technology Small-Cap Growth 2.90%
 Polaris Inc. PII Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.87%
 AMN Healthcare Services, Inc. AMN Health Care  Health Care Small-Cap Growth 2.76%
 Harmony Biosciences Holdings, Inc. HRMY Health Care  Health Care Small-Cap Growth 2.76%
 Carlisle Companies Incorporated CSL Industrials  Industrials Mid-Cap Growth 2.70%
 Deckers Outdoor Corporation DECK Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.69%
 Virtus Investment Partners, Inc. VRTS Financials  Financials Small-Cap Value 2.67%
 Lumentum Holdings Inc. LITE Information Technology  Information Technology Mid-Cap Value 2.66%
 YETI Holdings, Inc. YETI Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.62%
 TopBuild Corp. BLD Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.59%
 Hubbell Incorporated HUBB Industrials  Industrials Mid-Cap Growth 2.58%
 Old Republic International Corporation ORI Financials  Financials Mid-Cap Value 2.56%
 Graco Inc. GGG Industrials  Industrials Mid-Cap Growth 2.52%
 EMCOR Group, Inc. EME Industrials  Industrials Mid-Cap Value 2.52%
 Stifel Financial Corp. SF Financials  Financials Mid-Cap Value 2.45%
 First American Financial Corporation FAF Financials  Financials Mid-Cap Value 2.44%
 Reliance Steel & Aluminum Co. RS Materials  Materials Mid-Cap Value 2.43%
 Korn Ferry KFY Industrials  Industrials Small-Cap Growth 2.41%
 Acuity Brands, Inc. AYI Industrials  Industrials Mid-Cap Value 2.39%
 MKS Instruments, Inc. MKSI Information Technology  Information Technology Mid-Cap Value 2.38%
 UFP Industries Inc. UFPI Industrials  Industrials Small-Cap Growth 2.37%
 Axos Financial, Inc. AX Financials  Financials Small-Cap Value 2.37%
 Boot Barn Holdings, Inc. BOOT Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.36%
 Sonos, Inc. SONO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.36%
 Crane Holdings, Co. CR Industrials  Industrials Small-Cap Growth 2.30%
 The Middleby Corporation MIDD Industrials  Industrials Mid-Cap Value 2.29%
 Ciena Corporation CIEN Information Technology  Information Technology Mid-Cap Value 2.28%
 Ziff Davis, Inc. ZD Communication Services  Communication Services Small-Cap Growth 2.26%
 Louisiana-Pacific Corporation LPX Materials  Materials Small-Cap Growth 2.25%
 Wyndham Hotels & Resorts, Inc. WH Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.17%
 PacWest Bancorp PACW Financials  Financials Small-Cap Value 2.16%
 Boise Cascade Company BCC Industrials  Industrials Small-Cap Value 2.16%
 Steel Dynamics, Inc. STLD Materials  Materials Mid-Cap Value 2.08%
 AGCO Corporation AGCO Industrials  Industrials Mid-Cap Value 2.05%
 Crocs, Inc. CROX Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.03%
Total Number of Holdings:    40
Underlying Securities information represented above is as of 06/24/2022 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  -0.19%
  Deferred:  1.49%
C&D Fee:    0.55%
Maximum Sales Charge:   1.85%
CUSIP Type Distribution
30326F308 Cash Semi-Annual
30326F316 Reinvest Semi-Annual
* Based on the offer price as of 06/24/2022 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.56%
Maximum Sales Charge:   0.56%
CUSIP Type Distribution
30326F324 Cash-Fee Semi-Annual
30326F332 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 06/24/2022 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 August 19, 2022
$0.04500 September 20, 2022
$0.04500 October 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.

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 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.

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.

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.

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
30326F308 (Cash)
30326F316 (Reinvest)
30326F324 (Cash-Fee)
30326F332 (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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