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Dorsey Wright Relative Strength Dividend, 50  Ticker: FLZKDX
A unit investment trust that seeks above-average total return through a combination of capital appreciation and dividend income by investing in a portfolio of companies selected by Dorsey Wright & Associates using a comprehensive evaluation process.
Please note that there is no assurance the objective will be met.
Product Code: DWDV50
Portfolio Status: Secondary
Initial Offer Date: 01/13/2023
Secondary Date: 04/12/2023
Portfolio Ending Date: 04/15/2024
Tax Structure: Regulated Investment Company
Distributions: Monthly
Initial Offer Price: $10.0000
NAV(*): $8.7179
POP(*): $8.8372
Remaining Deferred Sales Charge: $0.0450
* As of Trade Date: 05/26/2023 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 5/26/2023) Per Unit (as of 5/26/2023)
3.93% $0.34690
^ 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 2.34%
Consumer Discretionary  Consumer Discretionary 6.11%
Consumer Staples  Consumer Staples 4.02%
Energy  Energy 13.84%
Financials  Financials 27.70%
Health Care  Health Care 9.57%
Industrials  Industrials 5.25%
Information Technology  Information Technology 5.36%
Materials  Materials 3.70%
Real Estate  Real Estate 17.88%
Utilities  Utilities 3.99%
Other  Other 0.24%
  Large Mid Small  
Growth  11.18% 18.32% 3.99%  
Value  21.39% 26.63% 18.25%  

 Style Weighting
Large-Cap Growth 11.18%
Large-Cap Value 21.39%
Mid-Cap Growth 18.32%
Mid-Cap Value 26.63%
Small-Cap Growth 3.99%
Small-Cap Value 18.25%
Undetermined 0.24%
U.S. Stocks 96.27%   Other 0.24%
Non-U.S. Stocks 3.49%      
The style and sector characteristics of the portfolio are determined as of 05/26/2023 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $56,612
Price/Earnings 10.83
Price/Book 1.47
As of 5/26/2023
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 3.09%
 Watsco, Inc. WSO Industrials  Industrials Mid-Cap Growth 2.68%
 MSC Industrial Direct Co., Inc. (Class A) MSM Industrials  Industrials Mid-Cap Growth 2.57%
 MGIC Investment Corporation MTG Financials  Financials Small-Cap Value 2.55%
 Unum Group UNM Financials  Financials Mid-Cap Value 2.48%
 Darden Restaurants, Inc. DRI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.45%
 The Interpublic Group of Companies, Inc. IPG Communication Services  Communication Services Mid-Cap Growth 2.34%
 Iron Mountain Incorporated IRM Real Estate  Real Estate Mid-Cap Growth 2.31%
 Cisco Systems, Inc. CSCO Information Technology  Information Technology Large-Cap Growth 2.27%
 Tapestry, Inc. TPR Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.16%
 New Jersey Resources Corporation NJR Utilities  Utilities Mid-Cap Value 2.14%
 Patterson Companies, Inc. PDCO Health Care  Health Care Small-Cap Growth 2.08%
 Morgan Stanley MS Financials  Financials Large-Cap Value 2.07%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 2.06%
 Antero Midstream Corp. AM Energy  Energy Mid-Cap Value 2.05%
 Phillips 66 PSX Energy  Energy Large-Cap Value 2.04%
 Spirit Realty Capital, Inc. SRC Real Estate  Real Estate Mid-Cap Value 2.03%
 Lamar Advertising Company LAMR Real Estate  Real Estate Mid-Cap Growth 2.02%
 Kite Realty Group Trust KRG Real Estate  Real Estate Small-Cap Value 2.02%
 Philip Morris International Inc. PM Consumer Staples  Consumer Staples Large-Cap Growth 2.01%
 The Kraft Heinz Company KHC Consumer Staples  Consumer Staples Large-Cap Value 2.01%
 VICI Properties Inc. VICI Real Estate  Real Estate Large-Cap Value 2.01%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 2.00%
 Navient Corporation NAVI Financials  Financials Small-Cap Value 1.99%
 Bristol-Myers Squibb Company BMY Health Care  Health Care Large-Cap Value 1.98%
 Chevron Corporation CVX Energy  Energy Large-Cap Value 1.95%
 NNN REIT Inc. NNN Real Estate  Real Estate Mid-Cap Value 1.94%
 Kinder Morgan, Inc. KMI Energy  Energy Large-Cap Value 1.92%
 Bank OZK OZK Financials  Financials Small-Cap Value 1.92%
 The Chemours Company CC Materials  Materials Small-Cap Growth 1.91%
 F.N.B. Corporation FNB Financials  Financials Small-Cap Value 1.90%
 Regency Centers Corporation REG Real Estate  Real Estate Mid-Cap Value 1.88%
 DT Midstream, Inc. DTM Energy  Energy Mid-Cap Value 1.87%
 Kimco Realty Corporation KIM Real Estate  Real Estate Mid-Cap Value 1.86%
 National Fuel Gas Company NFG Utilities  Utilities Mid-Cap Value 1.85%
 ONEOK, Inc. OKE Energy  Energy Large-Cap Value 1.81%
 Simon Property Group, Inc. SPG Real Estate  Real Estate Large-Cap Growth 1.81%
 Amcor Plc AMCR Materials  Materials Mid-Cap Growth 1.79%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 1.78%
 Regions Financial Corporation RF Financials  Financials Mid-Cap Value 1.78%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 1.76%
 Viatris Inc. VTRS Health Care  Health Care Mid-Cap Value 1.75%
 Invesco Ltd. IVZ Financials  Financials Mid-Cap Value 1.70%
 Jefferies Financial Group Inc. JEF Financials  Financials Mid-Cap Value 1.70%
 United Bankshares, Inc. UBSI Financials  Financials Small-Cap Value 1.63%
 Huntington Bancshares Incorporated HBAN Financials  Financials Mid-Cap Value 1.60%
 Cathay General Bancorp CATY Financials  Financials Small-Cap Value 1.60%
 Fulton Financial Corporation FULT Financials  Financials Small-Cap Value 1.51%
 Foot Locker, Inc. FL Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.50%
 Associated Banc-Corp ASB Financials  Financials Small-Cap Value 1.49%
 Vitesse Energy, Inc. VTS Energy  Energy Small-Cap Value 0.14%
Total Number of Holdings:    51
Underlying Securities information represented above is as of 05/26/2023 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.04500 April 20, 2023
$0.04500 May 19, 2023
$0.04500 June 20, 2023

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 ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future 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.

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.

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.

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.

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, ©2023 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
30330C465 (Cash)
30330C473 (Reinvest)
30330C481 (Cash-Fee)
30330C499 (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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