FEWXVX Automated Quantitative Analysis (AQA®) Portfolio


The Trust seeks above-average capital appreciation. There can be no guarantee that the objective of the Trust will be achieved.

Strategy Description

The portfolio contains a selection of stocks from the Automated Quantitative Analysis (“AQA®”) universe that are the stocks considered by AQA® to be the most undervalued at the time the portfolio is selected. An “undervalued” stock is a company selling at a price significantly below its intrinsic value, as identified by AQA®. AQA® is proprietary software developed by Alan Morel, a portfolio manager for Robert W. Baird & Co. Incorporated.

AQA® uses public filings of balance sheets and income statements to calculate a value for each stock. Analysis of this data is automated through the AQA® software to reproduce the recognition process of undervalued stocks at a faster rate than the marketplace. Based on AQA®’s analysis of each ratio’s influence on price movement, stocks are ranked according to the discrepancy between AQA®’s calculation of their current worth and current market price.

Summary Data

Label Value
Status Primary
Sponsor First Trust Portfolios
Series Series 21
Asset Class Domestic Equity
Investment Strategy/Goal Capital Appreciation
Investment Type/Style Multi Cap Blend

Performance Disclosure

Cumulative returns of each unit investment trust series are based on distributions received in cash and recognized on the ex-dividend date and paid out on the payable date during the life of the unit investment trust. Returns are calculated excluding the Transactional Sales Charge for each unit investment trust series but does reflect the Creation & Development Fee and trust operating expenses as incurred for each unit investment trust series. The returns do not adjust for taxes. If adjusted or taxes, the effects of taxation would reduce the performance depicted.

Past performance is no indicator of future results. Investment return and principal value will fluctuate with changes in market conditions. An investment in units of a unit investment trust when redeemed may be worth more or less than the original investment.

Unit Investment Trust ("UIT") Investment Risks

There is no assurance that a unit investment trust will achieve its investment objective.

Unit investment trusts are unmanaged. You can lose money investing in unit investment trusts. When sold, units may be worth more or less than the original amount invested. Depending upon the specific product offering, investment risks include, but are not limited to, interest rate risk, credit risk, call risk and liquidity risk.

Product(s) discussed herein are not FDIC insured, may lose value, and are not bank guaranteed. You should not purchase an investment product or make an investment recommendation until you have read the specific offering documentation and understand the specific investment terms, features, risks, fees, charges and expenses of such investment.