Unit Investment Trust Portfolio Analysis Report

Not FDIC Insured • Not Bank Guaranteed • May Lose Value

June 29, 2020

This report was prepared for: Valued Client

Prepared by:First Trust Portfolios L.P.

Asset allocation is the process of developing a diversified investment portfolio by combining different asset classes in varying proportions. Many financial experts agree that finding the right mix of investments is a key factor to successful investing. Because the prices of stocks and bonds often react differently to economic and market changes, diversifying your investment portfolio among stocks, bonds, and short-term investments or cash can expose your investments to additional opportunities that have the potential to enhance your returns and help reduce your overall investment risk.

Based on your goals, time frame, tolerance for risk, tax situation, and other factors, your investment professional can help you create a portfolio of investments that is in your best interest. By combining the various unit investment trusts which are presented in this report, investors can achieve diversification of their investment portfolio. As time passes, you and your investment professional will want to review the mix of your investments to ensure that it is still in your best interest. It is our intent that this report can be used to help with this review.

General Risk Considerations There is no assurance an unmanaged unit investment trust will achieve its investment objective(s). An investment in a unit investment trust is subject to market risk. Market risk is the risk that a particular security owned by a trust may fall in value. Additionally, the value of the securities held by a trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers.

See Additional Risk Considerations at the end of this report for risks specific to each trust included herein.

Important Investor Information

You should consider a trust’s investment objectives, risks, and charges and expenses carefully before investing. Contact your financial professional or call First Trust Portfolios L.P. at 1-800-621-1675 or visit www.ftportfolios.com to obtain a prospectus, which contains this and other information about a trust. Read it carefully before you invest.

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.

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Portfolio Allocation

* All analysis of holdings contained within these reports is based off of the holdings as-of-date.3

This report was prepared for: Valued Client

Total Investment amount: $100,000.00

PortfolioInvestment

AmountAllocation

AmountHoldings

As Of Date *Brookmont Equity Dividend, 24 $50,000.00 50.00% 6/26/2020Virtual Economy, 1 $50,000.00 50.00% 6/26/2020

Holdings Analysis

*The Weighted Historical 12-Month Distribution Rate of Trust Holdings is calculated using the Historical 12-Month Distribution Rate of theholdings for each of the selected trusts contained in this report. It is for illustrative purposes only and will vary depending on the underlyingvalues of the trusts. For more information how this figure is calculated for each of the individual trusts selected, please reference the HistoricalDistribution Analysis section on the Definition of Terms page contained in this report.

The style and sector characteristics of the allocation are based on each trust's holdings as-of-date and will likely vary thereafter due to marketfluctuations in the underlying securities.

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Asset Allocation PercentageEquity 99.96%Undetermined 0.04%

Common Stock Sector Comparison vs. Benchmark

S&P 500®Unit TrustAllocation

Communication Services 10.91% 13.38%

Consumer Discretionary 10.82% 10.98%

Consumer Staples 6.97% 10.14%

Energy 2.84% 4.92%

Financials 10.34% 5.84%

Health Care 14.51% 9.38%

Industrials 7.88% 6.41%

Information Technology 27.37% 32.98%

Materials 2.49% 1.04%

Real Estate 2.82% 2.06%

Utilities 3.05% 2.82%

Other 0.00% 0.04%

0% 10% 20% 30% 40%

Common Stock Style Comparison vs. Benchmark

S&P 500®Unit TrustAllocation

Large-Cap Growth 52.87% 51.83%

Large-Cap Value 38.03% 36.95%

Mid-Cap Growth 3.84% 9.70%

Mid-Cap Value 5.12% 1.47%

Small-Cap Growth 0.04% 0.00%

Small-Cap Value 0.10% 0.00%

Undetermined 0.00% 0.04%

0% 15% 30% 45% 60%

Total Number of Holdings: 62

Top 10 Holdings WeightMicrosoft Corporation 3.78%The Procter & Gamble Company 3.04%Comcast Corporation (Class A) 2.94%Apple Inc. 2.76%Zoom Video Communications, Inc.(Class A)

2.46%

United Parcel Service, Inc. (Class B) 2.18%Peloton Interactive, Inc. (Class A) 2.16%DocuSign, Inc. 2.14%Starbucks Corporation 2.00%Royal Dutch Shell Plc (Class B) (ADR) 2.00%% of Assets in Top 10 Holdings: 25.46%

Common Stock Analysis (100.00% of Holdings)Number of Holdings: 62Non-U.S. Stocks 10.64%U.S. Stocks 89.32%Undetermined 0.04%

Historical Distribution Analysis*Weighted Historical 12-MonthDistribution Rate of Trust Holdings

1.70%

Holdings

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Total Number of Holdings: 62

The weightings listed on this report are based on each trust's holdings as-of-date and will likely vary thereafter due to market fluctuations.

Security Name % of AssetsABT Abbott Laboratories 1.54%ACN Accenture Plc 1.10%ATVI Activision Blizzard, Inc. 1.64%ADBE Adobe Incorporated 1.68%AKAM Akamai Technologies, Inc. 1.60%GOOG Alphabet Inc. (Class C) 1.42%AMZN Amazon.com, Inc. 1.68%AEP American Electric Power Company, Inc. 0.97%ADI Analog Devices, Inc. 1.04%AAPL Apple Inc. 2.76%T AT&T Inc. 0.98%AVGO Broadcom Inc. 1.58%CVX Chevron Corporation 0.97%CSCO Cisco Systems, Inc. 1.52%CTXS Citrix Systems, Inc. 1.54%CMCSA Comcast Corporation (Class A) 2.94%COP ConocoPhillips 1.95%CCI Crown Castle International Corp. 0.49%DOCU DocuSign, Inc. 2.14%DD DuPont de Nemours Inc. 1.04%EQIX Equinix, Inc. 1.57%FB Facebook, Inc. (Class A) 1.44%GD General Dynamics Corporation 1.51%HON Honeywell International Inc. 0.96%JNJ Johnson & Johnson 1.50%JPM JPMorgan Chase & Co. 1.68%LHX L3Harris Technologies Inc. 1.75%LULU lululemon athletica inc. 1.56%MCD McDonald's Corporation 0.98%MDT Medtronic Plc 1.48%MRK Merck & Co., Inc. 1.48%MSFT Microsoft Corporation 3.78%NFLX Netflix, Inc. 1.56%NVS Novartis AG (ADR) 1.56%NVDA NVIDIA Corporation 1.60%PYPL PayPal Holdings, Inc. 1.78%PTON Peloton Interactive, Inc. (Class A) 2.16%PEP PepsiCo, Inc. 1.52%RNG RingCentral, Inc. (Class A) 1.74%RDS/B Royal Dutch Shell Plc (Class B) (ADR) 2.00%CRM salesforce.com, inc. 1.56%SRE Sempra Energy 0.92%NOW ServiceNow, Inc. 1.66%SHOP Shopify Inc. (Class A) 1.90%WORK Slack Technologies, Inc. (Class A) 1.53%SBUX Starbucks Corporation 2.00%TDOC Teladoc Health, Inc. 1.81%CLX The Clorox Company 1.61%HD The Home Depot, Inc. 1.54%SJM The J.M. Smucker Company 1.47%PNC The PNC Financial Services Group, Inc. 1.44%PG The Procter & Gamble Company 3.04%SO The Southern Company 0.92%DIS The Walt Disney Company 1.96%USB U.S. Bancorp 1.52%

Security Name % of AssetsUL Unilever Plc (ADR) 1.04%UPS United Parcel Service, Inc. (Class B) 2.18%VZ Verizon Communications Inc. 1.45%WMT Walmart, Inc. 1.45%WFC Wells Fargo & Company 1.20%WSM Williams-Sonoma, Inc. 1.06%ZM Zoom Video Communications, Inc. (Class A) 2.46%

Holdings Overlap

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Number of Holdings Existing in More than 1 Trust: 5

The weightings listed on this report are based on each trust's holdings as-of-date and will likely vary thereafter due to market fluctuations.

Security Name Trust % of AssetsAAPL Apple Inc. Virtual Economy, 1 1.69%

Brookmont Equity Dividend, 24 1.08%Total: 2.77%

CMCSA Comcast Corporation (Class A) Virtual Economy, 1 1.44%Brookmont Equity Dividend, 24 1.50%

Total: 2.94%

MSFT Microsoft Corporation Virtual Economy, 1 1.64%Brookmont Equity Dividend, 24 2.14%

Total: 3.78%

PG The Procter & Gamble Company Virtual Economy, 1 1.54%Brookmont Equity Dividend, 24 1.50%

Total: 3.04%

UPS United Parcel Service, Inc. (Class B) Virtual Economy, 1 1.63%Brookmont Equity Dividend, 24 0.56%

Total: 2.19%

UITs enable investors to own a basket of securities with one single purchase, rather than trying to select individual securities that meet their objectives. UITs are designed to fill a variety of investment needs and risk tolerance levels and may be appropriate for a variety of reasons such as liquidity, and diversification.

UITs offer many features found in other packaged products but with two major differences – a defined portfolio and a defined horizon. Unlike actively managed funds that continually buy and sell securities, thereby changing their investment mix, the securities held in a UIT generally remain fixed until the trust terminates. Because the portfolio is fixed, UITs maintain a buy and hold discipline, encouraging investors to stay true to their investment strategy and avoid the pitfalls of emotional investing. This buy and hold approach, however, does not mean buy and ignore. Investors should meet with their financial professional periodically to evaluate investments and ensure that they are still in-line with goals.

• Fully invested

• Known portfolio

• Daily liquidity

• Convenience

• Professional selection

• Reinvestment options

• Managed portfolio

• Supervised portfolio

• Sales Charges, fees, and/or expenses2

• Risks4

Individual Securities

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Mutual Funds

Possible

Possible

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First Trust UITs

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Unit Investment Trust Potential Advantages

n Fully InvestedA UIT holds limited cash positions so more of yourmoney is invested.

n Known PortfolioThe securities held in a UIT remain fixed, providinginvestors with complete transparency.

n Daily LiquidityUnits may be redeemed on any business day at theredemption price, which may be more or less than theoriginal purchase price.

n ConvenienceUITs allow investors to own a single investment whichis diversified over multiple securities instead of buyingindividual stocks or bonds. Additionally, UITs have lowminimum purchase requirements.

n Reinvestment OptionsMost UITs allow investors to elect to have distributionsreinvested into additional units of the same trust. Thereare no sales charges incurred on units purchasedthrough the reinvestment option.

Potential UIT Benefits UIT Comparison to Individual Securities and Mutual Funds

1. Units may be redeemed on any business day at the redemption price which may be more or less than the original purchase price.2. Only available for companies with dividend reinvestment plans.3. There are costs associated with an investment in each type of security. Consult your brokerage firm and/or the security’s prospectus (if applicable) for complete details.4. Investing involves risk, including possible loss of principal. Please see Risk Considerations in the prospectus for risks specific to the unit investment trusts mentionedin this presentation.

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Index Descriptions and Definition of Terms

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An index is an unmanaged statistical composite used to provide arepresentation of the value of the securities which it tracks. Aninvestor cannot invest directly in an index.

Standard & Poor’s 500 Composite Stock Price IndexAn unmanaged index comprised of 500 stocks chosen by Standard &Poor’s to be representative of the leaders of various industries. Thisindex is capitalization weighted. An investor cannot invest directly inthe index.

Style AnalysisThe style and capitalization characteristics used to describe the stocksheld in the trusts contained in this report are designed to help youunderstand how the trusts fit into your overall investment plan. Dueto changes in the value of the stocks, the characteristics may vary overtime. In general, growth stocks have high relative price-to-book ratioswhile value stocks have low relative price-to-book ratios. Indetermining market capitalization characteristics, we analyze themarket capitalizations of the 3,000 largest stocks in the U.S. (excludingforeign securities, ADRs, limited partnerships and regulatedinvestment companies) on a monthly basis. Companies with marketcapitalizations among the largest 10% are considered Large-Capsecurities, the next 20% are considered Mid-Cap securities and theremaining securities are considered Small-Cap securities.

Historical Distribution AnalysisWeighted Historical 12-Month Distribution Rate of Trust Holdings -This analysis is a weighted figure and calculated from the Historical12-Month Distribution Rate of Trust Holdings for each Trust selected.There is no guarantee the issuers of the securities included in the trustwill declare dividends or distributions in the future. The historical 12-month distribution per unit and historical 12-month distribution rateof the securities included in the trust are for illustrative purposes onlyand are not indicative of the trust's distribution or distribution rate.Due to the negative economic impact across many industries causedDue to the negative economic impact across many industries causedDue to the negative economic impact across many industries causedDue to the negative economic impact across many industries causedby the recent COVID-19 outbreak, certain issuers of the securitiesby the recent COVID-19 outbreak, certain issuers of the securitiesby the recent COVID-19 outbreak, certain issuers of the securitiesby the recent COVID-19 outbreak, certain issuers of the securitiesincluded in the trust may elect to reduce the amount of dividendsincluded in the trust may elect to reduce the amount of dividendsincluded in the trust may elect to reduce the amount of dividendsincluded in the trust may elect to reduce the amount of dividendsand/or distributions paid in the future. As a result, the "Historical 12-and/or distributions paid in the future. As a result, the "Historical 12-and/or distributions paid in the future. As a result, the "Historical 12-and/or distributions paid in the future. As a result, the "Historical 12-Month Distribution Rate of Trust Holdings," which is based on theMonth Distribution Rate of Trust Holdings," which is based on theMonth Distribution Rate of Trust Holdings," which is based on theMonth Distribution Rate of Trust Holdings," which is based on thetrailing twelve-month distributions paid by the securities included in atrailing twelve-month distributions paid by the securities included in atrailing twelve-month distributions paid by the securities included in atrailing twelve-month distributions paid by the securities included in atrust, will likely be higher, and in some cases significantly higher, thantrust, will likely be higher, and in some cases significantly higher, thantrust, will likely be higher, and in some cases significantly higher, thantrust, will likely be higher, and in some cases significantly higher, thanthe actual distribution rate achieved by the trust.the actual distribution rate achieved by the trust.the actual distribution rate achieved by the trust.the actual distribution rate achieved by the trust. The historical 12-month distribution per unit is based on the weighted average of thetrailing twelve month distributions paid by the securities included inthe portfolio. The historical 12-month distribution rate is calculated bydividing the historical 12-month distributions by the trust's offeringprice. The historical 12-month distribution and rate are reduced toaccount for the effects of fees and expenses, which will be incurredwhen investing in a trust. Certain of the issuers may have reducedtheir dividends or distributions over the prior twelve months. Thedistribution per unit and rate paid by the trust may be higher or lowerthan the amount shown above due to certain factors that mayinclude, but are not limited to, a change in the dividends ordistributions paid by issuers, actual expenses incurred, or the sale ofsecurities in the portfolio. For trusts that include funds, distributionsmay include realized short term capital gains, realized long-termcapital gains and/or return of capital. PLEASE NOTE: For trusts thathold preferred securities, the historical distribution rate is calculatedusing only the holdings that have 12 months of distribution history.Any holdings without a 12 month history of dividends were excludedfrom the calculation.

Additional Risk Considerations

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Equity RiskThe following trust(s) is associated with this risk: Brookmont EquityDividend, 24; Virtual Economy, 1. An investment in a portfoliocontaining common stocks is subject to certain risks, such as aneconomic recession and the possible deterioration of either thefinancial condition of the issuers of the equity securities or the generalcondition of the stock market.

Sector Concentration RiskThe following trust(s) is associated with this risk: Brookmont EquityDividend, 24; Virtual Economy, 1. A portfolio which is concentrated inan individual sector is subject to additional risks, including limiteddiversification.

Buy & Hold Risk – Taxable TrustsThe following trust(s) is associated with this risk: Virtual Economy, 1.This UIT is a buy and hold strategy and investors should consider theirability to hold the trust until maturity. There may be tax consequencesunless units are purchased in an IRA or other qualified plan.

Consumer Products RiskThe following trust(s) is associated with this risk: Brookmont EquityDividend, 24. The companies engaged in the consumer productssector are subject to global competition, changing governmentregulations and trade policies, currency fluctuations, and the financialand political risks inherent in producing products for foreign markets.

COVID-19 Economic Impact RiskThe following trust(s) is associated with this risk: Brookmont EquityDividend, 24; Virtual Economy, 1. The recent outbreak of a respiratorydisease designated as COVID-19 was first detected in China inDecember 2019. The global economic impact of the COVID-19outbreak is impossible to predict but is expected to disruptmanufacturing, supply chains and sales in affected areas andnegatively impact global economic growth prospects. The COVID-19outbreak has also caused significant volatility and declines in globalfinancial markets, which have caused losses for investors. The impactof the COVID-19 outbreak may be short term or may last for anextended period of time, and in either case could result in asubstantial economic downturn or recession.

Foreign Securities RiskThe following trust(s) is associated with this risk: Brookmont EquityDividend, 24; Virtual Economy, 1. An investment in securities offoreign issuers should be made with an understanding of theadditional risks involved, such as currency fluctuations, political risk,withholding, the lack of adequate financial information, and exchangecontrol restrictions impacting foreign issuers.

Large-Cap RiskThe following trust(s) is associated with this risk: Brookmont EquityDividend, 24; Virtual Economy, 1. Large capitalization companies maygrow at a slower rate than the overall market.

REITs RiskThe following trust(s) is associated with this risk: Virtual Economy, 1.An investment in a portfolio containing REIT securities is subject toadditional risks including limited diversification. Companies involvedin the real estate industry are subject to changes in the real estatemarket, vacancy rates and competition, volatile interest rates andeconomic recession.

Small-Cap and Mid-Cap RiskThe following trust(s) is associated with this risk: Brookmont EquityDividend, 24; Virtual Economy, 1. An investment in a portfoliocontaining small-cap and mid-cap companies is subject to additionalrisks, as the share prices of small-cap companies and certain mid-capcompanies are often more volatile than those of larger companies dueto several factors, including limited trading volumes, products,financial resources, management inexperience and less publiclyavailable information.

Technology RiskThe following trust(s) is associated with this risk: Virtual Economy, 1.The companies engaged in the information technology sector aresubject 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 thatare often unrelated to their operating performance.

Volatility RiskThe following trust(s) is associated with this risk: Virtual Economy, 1.The value of the securities held by the trust may be subject to steepdeclines or increased volatility due to changes in performance orperception of the issuers.

Operational RiskThe following trust(s) is associated with this risk: Brookmont EquityDividend, 24; Virtual Economy, 1. As the use of Internet technologyhas become more prevalent in the course of business, the trust hasbecome more susceptible to potential operational risks throughbreaches in cybersecurity.