Key 3, 21  Ticker: FKWCMX
 
Description
A unit investment trust that seeks above-average capital appreciation by investing in companies in the communication services, health care and information technology sectors.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: K3GR21
Portfolio Status: Secondary
Initial Offer Date: 12/14/2022
Secondary Date: 03/15/2023
Portfolio Ending Date: 12/13/2024
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $13.6587
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 11/20/2024 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  Per Unit (as of 11/18/2024)
----- $0.13630
^ 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 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 distributions are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit 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.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 43.98%
Consumer Discretionary  Consumer Discretionary 0.00%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 0.00%
Financials  Financials 3.36%
Health Care  Health Care 22.83%
Industrials  Industrials 0.00%
Information Technology  Information Technology 29.38%
Materials  Materials 0.00%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.45%
 
  Large Mid Small  
Growth  69.08% 0.47% 0.00%  
Value  25.73% 4.27% 0.00%  

 Style Weighting
Large-Cap Growth 69.08%
Large-Cap Value 25.73%
Mid-Cap Growth 0.47%
Mid-Cap Value 4.27%
Small-Cap Growth 0.00%
Small-Cap Value 0.00%
Undetermined 0.45%
 Composition
U.S. Stocks 96.62%   Other 0.45%
Non-U.S. Stocks 2.93%      
The style and sector characteristics of the portfolio are determined as of 11/20/2024 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $697,390
Price/Earnings 28.26
Price/Book 5.10
As of 11/20/2024
All market capitalization numbers are in USD$ Millions. All figures are subject to change.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Meta Platforms Inc. (Class A) META Communication Services  Communication Services Large-Cap Growth 11.13%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Growth 6.69%
 Netflix, Inc. NFLX Communication Services  Communication Services Large-Cap Growth 6.52%
 Alphabet Inc. (Class C) GOOG Communication Services  Communication Services Large-Cap Growth 4.44%
 Take-Two Interactive Software, Inc. TTWO Communication Services  Communication Services Large-Cap Growth 4.26%
 McKesson Corporation MCK Health Care  Health Care Large-Cap Value 4.08%
 T-Mobile US, Inc. TMUS Communication Services  Communication Services Large-Cap Value 3.96%
 Microsoft Corporation MSFT Information Technology  Information Technology Large-Cap Growth 3.92%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 3.76%
 KLA Corporation KLAC Information Technology  Information Technology Large-Cap Growth 3.54%
 Vertex Pharmaceuticals Incorporated VRTX Health Care  Health Care Large-Cap Growth 3.51%
 Mastercard Incorporated MA Financials  Financials Large-Cap Growth 3.36%
 Electronic Arts Inc. EA Communication Services  Communication Services Large-Cap Growth 3.14%
 QUALCOMM Incorporated QCOM Information Technology  Information Technology Large-Cap Growth 2.97%
 Accenture Plc ACN Information Technology  Information Technology Large-Cap Growth 2.93%
 The Walt Disney Company DIS Communication Services  Communication Services Large-Cap Value 2.86%
 Analog Devices, Inc. ADI Information Technology  Information Technology Large-Cap Value 2.86%
 AT&T Inc. T Communication Services  Communication Services Large-Cap Value 2.85%
 Comcast Corporation (Class A) CMCSA Communication Services  Communication Services Large-Cap Value 2.79%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Growth 2.71%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 2.41%
 ON Semiconductor Corporation ON Information Technology  Information Technology Mid-Cap Value 2.24%
 Thermo Fisher Scientific Inc. TMO Health Care  Health Care Large-Cap Value 2.10%
 The Interpublic Group of Companies, Inc. IPG Communication Services  Communication Services Mid-Cap Value 2.03%
 Johnson & Johnson JNJ Health Care  Health Care Large-Cap Growth 2.01%
 Elevance Health Inc. ELV Health Care  Health Care Large-Cap Value 1.79%
 Bristol-Myers Squibb Company BMY Health Care  Health Care Large-Cap Growth 1.78%
 CVS Health Corporation CVS Health Care  Health Care Large-Cap Value 1.33%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 1.11%
 Enphase Energy, Inc. ENPH Information Technology  Information Technology Mid-Cap Growth 0.47%
 
Total Number of Holdings:    30
Underlying Securities information represented above is as of 11/20/2024 but will vary with future fluctuations in the market.

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.

Financials Risk. The companies engaged in the financials sector are subject to the adverse effects of volatile interest rates, economic recession, decreases in the availability of capital, increased competition from new entrants in the field, and potential increased regulation.

Health Care Risk. The companies engaged in the health care sector are subject to fierce competition, high research and development costs, governmental regulations, loss of patent protection, and changing consumer spending trends. In addition, health crises, such as a pandemic outbreak, can severely impact the health care industry in particular.

Large-Cap Risk. Large capitalization companies may grow at a slower rate than the overall 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.

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, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.