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Water Utility & Infrastructure Select, 66  Ticker: FOVSFX
 
Description
A unit investment trust that seeks above-average capital appreciation by investing in a concentrated portfolio of companies that provide products and services related to the water industry.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: WA2Y66
Portfolio Status: Primary
Initial Offer Date: 05/04/2022
Portfolio Ending Date: 05/03/2024
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.2347
POP(*): $9.4444
Remaining Deferred Sales Charge: $0.2250
* 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)
0.92% $0.08720
^ 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 0.00%
Consumer Discretionary  Consumer Discretionary 0.00%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 0.00%
Financials  Financials 0.00%
Health Care  Health Care 8.39%
Industrials  Industrials 54.37%
Information Technology  Information Technology 7.96%
Materials  Materials 3.94%
Real Estate  Real Estate 0.00%
Utilities  Utilities 25.34%
Other  Other 0.00%
 
  Large Mid Small  
Growth  12.33% 15.48% 52.06%  
Value  7.89% 7.96% 4.28%  

 Style Weighting
Large-Cap Growth 12.33%
Large-Cap Value 7.89%
Mid-Cap Growth 15.48%
Mid-Cap Value 7.96%
Small-Cap Growth 52.06%
Small-Cap Value 4.28%
Undetermined 0.00%
 Composition
U.S. Stocks 96.29%   Other 0.00%
Non-U.S. Stocks 3.71%      
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 $17,700.57
Price/Earnings 24.15
Price/Book 3.63
As of 6/24/2022
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 California Water Service Group CWT Utilities  Utilities Small-Cap Growth 4.32%
 American States Water Company AWR Utilities  Utilities Small-Cap Growth 4.29%
 Danaher Corporation DHR Health Care  Health Care Large-Cap Growth 4.28%
 SJW Group SJW Utilities  Utilities Small-Cap Value 4.28%
 Essential Utilities, Inc. WTRG Utilities  Utilities Mid-Cap Value 4.25%
 Energy Recovery, Inc. ERII Industrials  Industrials Small-Cap Growth 4.24%
 Mueller Water Products, Inc. MWA Industrials  Industrials Small-Cap Growth 4.23%
 Franklin Electric Co., Inc. FELE Industrials  Industrials Small-Cap Growth 4.20%
 Badger Meter, Inc. BMI Information Technology  Information Technology Small-Cap Growth 4.19%
 Tetra Tech, Inc. TTEK Industrials  Industrials Mid-Cap Growth 4.14%
 American Water Works Company, Inc. AWK Utilities  Utilities Large-Cap Value 4.12%
 Agilent Technologies, Inc. A Health Care  Health Care Large-Cap Growth 4.11%
 Middlesex Water Company MSEX Utilities  Utilities Small-Cap Growth 4.08%
 Mueller Industries, Inc. MLI Industrials  Industrials Small-Cap Growth 4.02%
 IDEX Corporation IEX Industrials  Industrials Mid-Cap Growth 4.01%
 Watts Water Technologies, Inc. WTS Industrials  Industrials Small-Cap Growth 3.98%
 Ecolab Inc. ECL Materials  Materials Large-Cap Growth 3.94%
 AECOM ACM Industrials  Industrials Mid-Cap Growth 3.92%
 Roper Technologies, Inc. ROP Information Technology  Information Technology Large-Cap Value 3.77%
 The Gorman-Rupp Company GRC Industrials  Industrials Small-Cap Growth 3.72%
 Crane Holdings, Co. CR Industrials  Industrials Small-Cap Growth 3.72%
 Pentair Plc PNR Industrials  Industrials Mid-Cap Value 3.71%
 Zurn Water Solutions Corp. ZWS Industrials  Industrials Small-Cap Growth 3.67%
 Advanced Drainage Systems, Inc. WMS Industrials  Industrials Mid-Cap Growth 3.41%
 Evoqua Water Technologies Corp. AQUA Industrials  Industrials Small-Cap Growth 3.40%
 
Total Number of Holdings:    25
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:  -0.16%
  Deferred:  2.38%
C&D Fee:    0.53%
Maximum Sales Charge:   2.75%
CUSIP Type Distribution
30326G744 Cash Semi-Annual
30326G751 Reinvest Semi-Annual
* Based on the offer price as of 06/24/2022 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.54%
Maximum Sales Charge:   0.54%
CUSIP Type Distribution
30326G769 Cash-Fee Semi-Annual
30326G777 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
$0.07500 August 19, 2022
$0.07500 September 20, 2022
$0.07500 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.

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.

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.

Industrials Risk. The companies engaged in the industrials sector are subject to a deterioration in the general state of the economy, intense competition, domestic and international politics, excess capacity and changing spending trends.

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.

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.

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.

Water Utilities and Infrastructure Risk. An investment in a portfolio containing water utilities and infrastructure companies involves additional risks, including the imposition of rate caps, increased competition due to deregulation, the difficulty in obtaining an adequate return on invested capital or in financing large construction programs, the limitations on operations and increased costs and delays attributable to environmental considerations, and an increased focus on water conservation.

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
30326G744 (Cash)
30326G751 (Reinvest)
30326G769 (Cash-Fee)
30326G777 (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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