FT Diversified Target Income, 2  Ticker: FAPCOX
 
 Trust Performance  (as of 11/22/2024) *Inception Date is 10/26/2023 
  Cumulative Total Return Average Annual Total Return
  YTD Since
Inception*		 3 mo 6 mo 1 yr 3 yr 5 yr 10 yr Since
Inception*
Distributions Reinvested
With Transactional
Sales Charge		 15.78%  28.01%  5.94%  8.88%  21.35%  N/A  N/A  N/A  25.78% 
Without Transactional
Sales Charge		 17.54%  29.96%  7.55%  10.54%  23.20%  N/A  N/A  N/A  27.56% 
Distributions Received in Cash
With Transactional
Sales Charge		 14.99%  26.94%  5.88%  8.61%  20.40%  N/A  N/A  N/A  24.80% 
Without Transactional
Sales Charge		 16.75%  28.88%  7.49%  10.27%  22.23%  N/A  N/A  N/A  26.57% 
 
S&P 500 (SPX) 26.69%  46.53%  7.51%  13.23%  32.83%  N/A  N/A  N/A  42.59% 


 Performance Calculator
 From Date: 
To Date: 
  Cumulative
Total Return		 Average Annual
Total Return
With Transactional Sales Charge (Distributions Reinvested) 28.01%    25.78%   
Without Transactional Sales Charge (Distributions Reinvested) 29.96%    27.56%   
With Transactional Sales Charge (Distributions Received in Cash) 26.94%    24.80%   
Without Transactional Sales Charge (Distributions Received in Cash) 28.88%    26.57%   
S&P 500 (SPX) 46.53%    42.59%   


Sales Charges (based on a $10 public offering price)
Standard Accounts
Transactional Sales Charges: Initial: 0.00%
  Deferred: 1.50%
Creation & Development Fee:   0.00%
Maximum Sales Charge:   1.50%
 
Fee/Wrap Accounts
None
The table above shows the initial offering period sales charge. Certain performance periods shown on this page may begin after the end of the initial offering period and reflect a secondary market sales charge. Please see the prospectus for sales charge details, including the secondary market sales charge amount applicable to a period.

Past Performance is no indication of future results. Investment returns and principal value will fluctuate and units when sold or redeemed, may be worth more or less than their original cost. All returns are historical and do not represent potential future performance. This report is not and should not be construed as an offer to buy or sell securities.

Unless an index is indicated to be a price only index, all index returns assume that dividends are reinvested when they are received.

Returns With Transactional Sales Charge reflect the maximum transactional sales charge that would be payable by an investor upon sale or redemption of units at the end of the applicable period(s). The transactional sales charge includes any initial or deferred sales charges other than the creation and development fee. These returns do not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment by a trust.

Returns Without Transactional Sales Charge do not reflect any transactional sales charge and do not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment by a trust.

If applicable, returns shown with distributions reinvested assume distributions are reinvested on the reinvestment date.

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.

Cybersecurity Risk. Cybersecurity companies are subject to the risks set forth in "Information Technology". In addition to their cybersecurity business, certain of these companies may be involved in other businesses unrelated to cybersecurity. Negative performance by a company's other business operations may have a negative effect on a company's stock performance, even in situations in which they are deriving positive results from their cybersecurity business.

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.

Market Disruption Risk. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain investments as well as performance.

Options Risk. Options are subject to various risks including that their value may be adversely affected if the market for the option becomes less liquid or smaller. In addition, options will be affected by changes in the value and dividend rates of the stock subject to the option, an increase in interest rates, a change in the actual and perceived volatility of the stock market and the common stock and the remaining time to expiration.

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.

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.

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