Registration No. 333-279139

1940 Act No. 811-05903

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Amendment No. 1 to Form S-6

FOR REGISTRATION UNDER THE SECURITIES ACT OF 1933 OF SECURITIES OF UNIT INVESTMENT TRUSTS REGISTERED ON FORM N-8B-2

A.Exact name of trust:

FT 11570

B.Name of depositor:

FIRST TRUST PORTFOLIOS L.P.

C.Complete address of depositor's principal executive offices:

120 East Liberty Drive

Suite 400

Wheaton, Illinois 60187

D.Name and complete address of agents for service:

	Copy to:
JAMES A. BOWEN	ERIC F. FESS
c/o First Trust Portfolios L.P.	c/o Chapman and Cutler LLP
120 East Liberty Drive	320 South Canal Street
Suite 400	27th Floor
Wheaton, Illinois  60187	Chicago, Illinois 60606

E.Title and Amount of Securities Being Registered:

An indefinite number of Units pursuant to Rule 24f-2 promulgated under the Investment Company Act of 1940, as amended.

F.Approximate date of proposed sale to public:

As soon as practicable after the effective date of the Registration Statement.

|X| Check box if it is proposed that this filing will become effective on July 9, 2024 at 2:00 p.m. pursuant to Rule 487.

________________________________

                    Dow(R) Target Dvd. 3Q '24 - Term 10/9/25
              S&P Dvd. Aristocrats Target 25 3Q '24 - Term 10/9/25
                      S&P Target 24 3Q '24 - Term 10/9/25
                    S&P Target SMid 60 3Q '24 - Term 10/9/25
                    Target Divsd. Dvd. 3Q '24 - Term 10/9/25
                      Target Focus 4 3Q '24 - Term 10/9/25
                Target Global Dvd. Leaders 3Q '24 - Term 10/9/25
                      Target Growth 3Q '24 - Term 10/9/25
                        Target VIP 3Q '24 - Term 10/9/25
                 Value Line(R) Target 25 3Q '24 - Term 10/9/25

                                    FT 11570

FT 11570 is a series of a unit investment trust, the FT Series. FT 11570
consists of 10 separate portfolios listed above (each, a "Trust," and
collectively, the "Trusts"). Each Trust invests in a portfolio of common
stocks ("Securities") selected by applying a specialized strategy. Each Trust
seeks above-average total return.

THE SECURITIES AND EXCHANGE COMMISSION ("SEC") HAS NOT APPROVED OR DISAPPROVED
OF THESE SECURITIES OR PASSED UPON THE ADEQUACY OF THIS PROSPECTUS. ANY
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.


                                 FIRST TRUST(R)

                                  800-621-1675

                  The date of this prospectus is July 9, 2024



                               Table of Contents

Summary of Essential Information                                               3
Fee Table                                                                      8
Report of Independent Registered Public Accounting Firm                       12
Statements of Net Assets                                                      13
Schedules of Investments                                                      18
The FT Series                                                                 38
Portfolios                                                                    39
Risk Factors                                                                  45
Backtested Hypothetical Performance Information                               51
Public Offering                                                               56
Distribution of Units                                                         58
The Sponsor's Profits                                                         59
The Secondary Market                                                          60
How We Purchase Units                                                         60
Expenses and Charges                                                          60
Tax Status                                                                    61
Retirement Plans                                                              65
Rights of Unit Holders                                                        65
Income and Capital Distributions                                              66
Redeeming Your Units                                                          67
Investing in a New Trust                                                      68
Removing Securities from a Trust                                              69
Amending or Terminating the Indenture                                         69
Information on the Sponsor and Trustee                                        70
Other Information                                                             71

Page 2



                  Summary of Essential Information (Unaudited)

                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                   Sponsor:   First Trust Portfolios L.P.
                   Trustee:   The Bank of New York Mellon

                                                                                The Dow(R)               S&P Dividend
                                                                                Target Dividend          Aristocrats Target 25
                                                                                Portfolio, 3rd           Portfolio, 3rd
                                                                                Quarter 2024 Series      Quarter 2024 Series
                                                                                ___________________      _____________________
Initial Number of Units (1)                                                          16,774                   16,198
Fractional Undivided Interest in the Trust per Unit (1)                            1/16,774                 1/16,198
Public Offering Price:
Public Offering Price per Unit (2)                                              $    10.000              $    10.000
   Less Initial Sales Charge per Unit (3)                                             (.000)                   (.000)
                                                                                ___________              ___________
Aggregate Offering Price Evaluation of Securities per Unit (4)                       10.000                   10.000
   Less Deferred Sales Charge per Unit (3)                                            (.135)                   (.135)
                                                                                ___________              ___________
Redemption Price per Unit (5)                                                         9.865                    9.865
   Less Creation and Development Fee per Unit (3)(5)                                  (.050)                   (.050)
   Less Organization Costs per Unit (5)                                               (.056)                   (.025)
                                                                                ___________              ___________
Net Asset Value per Unit                                                        $     9.759              $     9.790
                                                                                ===========              ===========
Tax Status (6)                                                                 Grantor Trust                 RIC
Distribution Frequency (7)                                                        Monthly                  Monthly
Initial Distribution Date (7)                                                 August 25, 2024          August 25, 2024
Cash CUSIP Number                                                               30336F 181               30336F 140
Reinvestment CUSIP Number                                                       30336F 199               30336F 157
Fee Account Cash CUSIP Number                                                   30336F 207               30336F 165
Fee Account Reinvestment CUSIP Number                                           30336F 215               30336F 173
Ticker Symbol                                                                       FBTEZX                   FCCWCX

First Settlement Date                                          July 10, 2024
Mandatory Termination Date (8)                                 October 9, 2025
____________

See "Notes to Summary of Essential Information" on page 7.

Page 3


                  Summary of Essential Information (Unaudited)

                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                   Sponsor:   First Trust Portfolios L.P.
                   Trustee:   The Bank of New York Mellon

                                                                       S&P                 S&P                  Target
                                                                       Target 24           Target SMid 60       Diversified Dividend
                                                                       Portfolio, 3rd      Portfolio, 3rd       Portfolio, 3rd
                                                                       Quarter 2024 Series Quarter 2024 Series  Quarter 2024 Series
                                                                       ___________________ ___________________  ____________________

Initial Number of Units (1)                                                 27,959              12,478               14,647
Fractional Undivided Interest in the Trust per Unit (1)                   1/27,959            1/12,478             1/14,647
Public Offering Price:
Public Offering Price per Unit (2)                                     $    10.000             $10.000          $    10.000
   Less Initial Sales Charge per Unit (3)                                    (.000)             (.000)                (.000)
                                                                       ___________         ___________          ___________
Aggregate Offering Price Evaluation of Securities per Unit (4)              10.000              10.000               10.000
   Less Deferred Sales Charge per Unit (3)                                   (.135)             (.135)                (.135)
                                                                       ___________         ___________          ___________
Redemption Price per Unit (5)                                                9.865               9.865                9.865
   Less Creation and Development Fee per Unit (3)(5)                         (.050)             (.050)                (.050)
   Less Organization Costs per Unit (5)                                      (.032)             (.061)                (.039)
                                                                       ___________         ___________          ___________
Net Asset Value per Unit                                               $     9.783         $     9.754          $     9.776
                                                                       ===========         ===========          ===========
Tax Status (6)                                                        Grantor Trust            RIC                  RIC
Distribution Frequency (7)                                               Monthly          Semi-Annually           Monthly
Initial Distribution Date (7)                                        August 25, 2024    December 25, 2024     August 25, 2024
Cash CUSIP Number                                                      30336F 108          30336F 645           30336F 223
Reinvestment CUSIP Number                                              30336F 116          30336F 652           30336F 231
Fee Account Cash CUSIP Number                                          30336F 124          30336F 660           30336F 249
Fee Account Reinvestment CUSIP Number                                  30336F 132          30336F 678           30336F 256
Ticker Symbol                                                              FAQFQX              FCMNFX               FZWXKX

First Settlement Date                                          July 10, 2024
Mandatory Termination Date (8)                                 October 9, 2025
____________

See "Notes to Summary of Essential Information" on page 7.

Page 4


                  Summary of Essential Information (Unaudited)

                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                   Sponsor:   First Trust Portfolios L.P.
                   Trustee:   The Bank of New York Mellon

                                                                                                         Target Global
                                                                                Target Focus Four        Dividend Leaders
                                                                                Portfolio, 3rd           Portfolio, 3rd
                                                                                Quarter 2024 Series      Quarter 2024
                                                                                                         Series
                                                                                ___________________      __________________
Initial Number of Units (1)                                                          50,092                   17,402
Fractional Undivided Interest in the Trust per Unit (1)                            1/50,092                 1/17,402
Public Offering Price:
Public Offering Price per Unit (2)                                              $    10.000              $    10.000
   Less Initial Sales Charge per Unit (3)                                             (.000)                   (.000)
                                                                                ___________              ___________
Aggregate Offering Price Evaluation of Securities per Unit (4)                       10.000                   10.000
   Less Deferred Sales Charge per Unit (3)                                            (.135)                   (.135)
                                                                                ___________              ___________
Redemption Price per Unit (5)                                                         9.865                    9.865
   Less Creation and Development Fee per Unit (3)(5)                                  (.050)                   (.050)
   Less Organization Costs per Unit (5)                                               (.061)                   (.017)
                                                                                ___________              ___________
Net Asset Value per Unit                                                        $     9.754              $     9.798
                                                                                ===========              ===========
Tax Status (6)                                                                      RIC                      RIC
Distribution Frequency (7)                                                     Semi-Annually               Monthly
Initial Distribution Date (7)                                                December 25, 2024         August 25, 2024
Cash CUSIP Number                                                               30336F 686               30336F 264
Reinvestment CUSIP Number                                                       30336F 694               30336F 272
Fee Account Cash CUSIP Number                                                   30336F 702               30336F 280
Fee Account Reinvestment CUSIP Number                                           30336F 710               30336F 298
Ticker Symbol                                                                       FAZWTX                   FZDPEX

First Settlement Date                                          July 10, 2024
Mandatory Termination Date (8)                                 October 9, 2025
____________

See "Notes to Summary of Essential Information" on page 7.

Page 5


                  Summary of Essential Information (Unaudited)

                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                   Sponsor:   First Trust Portfolios L.P.
                   Trustee:   The Bank of New York Mellon


                                                                       Target                                   Value Line(R)
                                                                       Growth              Target VIP           Target 25
                                                                       Portfolio, 3rd      Portfolio, 3rd       Portfolio, 3rd
                                                                       Quarter 2024 Series Quarter 2024 Series  Quarter 2024
                                                                                                                Series
                                                                       ___________________ ___________________ _______________
Initial Number of Units (1)                                                 13,807             192,015               27,127
Fractional Undivided Interest in the Trust per Unit (1)                   1/13,807           1/192,015             1/27,127
Public Offering Price:
Public Offering Price per Unit (2)                                     $    10.000         $    10.000              $10.000
   Less Initial Sales Charge per Unit (3)                                    (.000)              (.000)               (.000)
                                                                       ___________         ___________          ___________
Aggregate Offering Price Evaluation of Securities per Unit (4)              10.000              10.000               10.000
   Less Deferred Sales Charge per Unit (3)                                   (.135)              (.135)               (.135)
                                                                       ___________         ___________          ___________
Redemption Price per Unit (5)                                                9.865               9.865                9.865
   Less Creation and Development Fee per Unit (3)(5)                         (.050)              (.050)               (.050)
   Less Organization Costs per Unit (5)                                      (.055)              (.042)               (.045)
                                                                       ___________         ___________          ___________
Net Asset Value per Unit                                               $     9.760         $     9.773              $ 9.770
                                                                       ===========         ===========          ===========
Tax Status (6)                                                             RIC                 RIC             Grantor Trust
Distribution Frequency (7)                                            Semi-Annually       Semi-Annually           Monthly
Initial Distribution Date (7)                                       December 25, 2024   December 25, 2024     August 25, 2024
Cash CUSIP Number                                                      30336F 728          30336F 769           30336F 306
Reinvestment CUSIP Number                                              30336F 736          30336F 777           30336F 314
Fee Account Cash CUSIP Number                                          30336F 744          30336F 785           30336F 322
Fee Account Reinvestment CUSIP Number                                  30336F 751          30336F 793           30336F 330
Ticker Symbol                                                              FBJNWX              FZNGHX               FAGONX

First Settlement Date                                          July 10, 2024
Mandatory Termination Date (8)                                 October 9, 2025
____________
See "Notes to Summary of Essential Information" on page 7.

Page 6


                   NOTES TO SUMMARY OF ESSENTIAL INFORMATION

(1) As of the Evaluation Time (defined below in footnote 4) on July 10, 2024,
we may adjust the number of Units of a Trust so that the Public Offering Price
per Unit will equal approximately $10.00. If we make such an adjustment, the
fractional undivided interest per Unit will vary from the amounts indicated
above.

(2) The Public Offering Price shown above reflects the value of the Securities
on the business day prior to the Initial Date of Deposit. No investor will
purchase Units at this price. The price you pay for your Units will be based
on their valuation at the Evaluation Time on the date you purchase your Units.
On the Initial Date of Deposit, the Public Offering Price per Unit will not
include any accumulated dividends on the Securities. After this date, a pro
rata share of any accumulated dividends on the Securities will be included.

(3) You will pay a maximum sales charge of 1.85% of the Public Offering Price
per Unit (equivalent to 1.85% of the net amount invested) which consists of an
initial sales charge, a deferred sales charge and a creation and development
fee. The sales charges are described in the "Fee Table."

(4) Each listed Security is valued at its last closing sale price on the
relevant stock exchange at the Evaluation Time on the business day prior to
the Initial Date of Deposit. If a Security is not listed, or if no closing
sale price exists, it is generally valued at its closing ask price on such
date. See "Public Offering-The Value of the Securities." The value of foreign
Securities trading in non-U.S. currencies is determined by converting the
value of such Securities to their U.S. dollar equivalent based on the currency
exchange rate for the currency in which a Security is generally denominated at
the Evaluation Time on the business day prior to the Initial Date of Deposit.
Evaluations for purposes of determining the purchase, sale or redemption price
of Units are made as of the close of trading on the New York Stock Exchange
("NYSE") (generally 4:00 p.m. Eastern time) on each day on which it is open
(the "Evaluation Time").

(5) The creation and development fee and estimated organization costs per Unit
will be deducted from the assets of a Trust at the end of the initial offering
period. If Units are redeemed prior to the close of the initial offering
period, these fees will not be deducted from the redemption proceeds. See
"Redeeming Your Units."

(6) See "Tax Status."

(7) For Trusts that are structured as grantor trusts, the Trustee will
distribute money from the Income and Capital Accounts on the twenty-fifth day
of each month to Unit holders of record on the tenth day of such month.
However, the Trustee will not distribute money if the aggregate amount in the
Income and Capital Accounts, exclusive of sale proceeds, equals less than 0.1%
of the net asset value of a Trust. Undistributed money in the Income and
Capital Accounts will be distributed in the next month in which the aggregate
amount available for distribution, exclusive of sale proceeds, exceeds 0.1% of
the net asset value of a Trust. Sale proceeds will be distributed if the
amount available for distribution equals at least $1.00 per 100 Units. For
Trusts that intend to qualify as regulated investment companies ("RICs") and
that make monthly distributions, the Trustee will distribute money from the
Income and Capital Accounts on the twenty-fifth day of each month to Unit
holders of record on the tenth day of each month if the amount available for
distribution from an account equals at least $1.00 per 100 Units. For Trusts
that intend to qualify as RICs and that make semi-annual distributions, the
Trustee will distribute money from the Income Account, as determined at the
semi-annual Record Date, semi-annually on the twenty-fifth day of each June
and December to Unit holders of record on the tenth day of such months
provided the amount in the Income Account equals at least $1.00 per 100 Units,
and the Trustee will make distributions from the Capital Account monthly on
the twenty-fifth day of each month to Unit holders of record on the tenth day
of such month provided the amount available for distribution from the Capital
Account equals at least $1.00 per 100 Units. See "Income and Capital
Distributions."

(8) See "Amending or Terminating the Indenture."

Page 7


                             Fee Table (Unaudited)


This Fee Table describes the fees and expenses that you may, directly or
indirectly, pay if you buy and hold Units of a Trust. See "Public Offering"
and "Expenses and Charges." Although the Trusts have a term of approximately
15 months and are unit investment trusts rather than mutual funds, this
information allows you to compare fees.




                                                                                                               The Dow(R)            S&P Dividend Aristocrats
                                                                                                         Target Dividend Portfolio      Target 25 Portfolio
                                                                                                        3rd Quarter 2024 Series      3rd Quarter 2024 Series
                                                                                                        __________________________   ________________________

                                                                                                                      Amount                     Amount
                                                                                                                      per Unit                   per Unit
Unit Holder Sales Fees (as a percentage of public offering price)                                                     ________                   ________

Maximum Sales Charge
   Initial sales charge                                                                                   0.00%(a)    $.000          0.00%(a)    $.000
   Deferred sales charge                                                                                  1.35%(b)    $.135          1.35%(b)    $.135
   Creation and development fee                                                                           0.50%(c)    $.050          0.50%(c)    $.050
                                                                                                          _____       _____          _____       _____
   Maximum sales charge (including creation and development fee)                                          1.85%       $.185          1.85%       $.185
                                                                                                          =====       =====          =====       =====
Organization Costs (as a percentage of public offering price)
   Estimated organization costs                                                                           .560%(d)    $.0560         .250%(d)    $.0250
                                                                                                          =====       ======         =====       ======
Estimated Annual Trust Operating Expenses(e)
(as a percentage of average net assets)
   Portfolio supervision, bookkeeping, administrative and evaluation fees                                 .059%       $.0060         .059%       $.0060
   Trustee's fee and other operating expenses                                                             .113%(f)    $.0114         .126%(f)    $.0127
                                                                                                          _____       ______         _____       ______
   Total                                                                                                  .172%       $.0174         .185%       $.0187
                                                                                                          =====       ======         =====       ======


                                                                                                              S&P Target 24           S&P Target SMid 60
                                                                                                                Portfolio                  Portfolio
                                                                                                          3rd Quarter 2024 Series    3rd Quarter 2024 Series
                                                                                                         ________________________    _______________________

                                                                                                                      Amount                     Amount
                                                                                                                      per Unit                   per Unit
Unit Holder Sales Fees (as a percentage of public offering price)                                                     ________                   ________

Maximum Sales Charge
   Initial sales charge                                                                                   0.00%(a)    $.000          0.00%(a)   $.000
   Deferred sales charge                                                                                  1.35%(b)    $.135          1.35%(b)   $.135
   Creation and development fee                                                                           0.50%(c)    $.050          0.50%(c)   $.050
                                                                                                          _____       _____          _____      _____
   Maximum sales charge (including creation and development fee)                                          1.85%       $.185          1.85%      $.185
                                                                                                          =====       =====          =====      =====
Organization Costs (as a percentage of public offering price)
   Estimated organization costs                                                                           .320%(d)    $.0320         .610%(d)   $.0610
                                                                                                          =====       ======         =====      ======
Estimated Annual Trust Operating Expenses(e)
(as a percentage of average net assets)
   Portfolio supervision, bookkeeping, administrative and evaluation fees                                 .059%       $.0060         .059%      $.0060
   Trustee's fee and other operating expenses                                                             .113%(f)    $.0114         .136%(f)   $.0138
                                                                                                          _____       ______         _____      ______
   Total                                                                                                  .172%       $.0174         .195%      $.0198
                                                                                                          =====       ======         =====      ======

Page 8


                                                                                                            Target Diversified          Target Focus Four
                                                                                                            Dividend Portfolio               Portfolio
                                                                                                          3rd Quarter 2024 Series    3rd Quarter 2024 Series
                                                                                                          _______________________    _______________________
                                                                                                                      Amount                    Amount
                                                                                                                      per Unit                  per Unit
Unit Holder Sales Fees (as a percentage of public offering price)                                                     ________                  ________

Maximum Sales Charge
   Initial sales charge                                                                                   0.00%(a)    $.000          0.00%(a)   $.000
   Deferred sales charge                                                                                  1.35%(b)    $.135          1.35%(b)   $.135
   Creation and development fee                                                                           0.50%(c)    $.050          0.50%(c)   $.050
                                                                                                          _____       _____          _____      _____
   Maximum sales charge (including creation and development fee)                                          1.85%       $.185          1.85%      $.185
                                                                                                          =====       =====          =====      =====
Organization Costs (as a percentage of public offering price)
   Estimated organization costs                                                                           .390%(d)    $.0390         .610%(d)   $.0610
                                                                                                          =====       ======         =====      ======
Estimated Annual Trust Operating Expenses(e)
(as a percentage of average net assets)
   Portfolio supervision, bookkeeping, administrative and evaluation fees                                 .059%       $.0060         .059%      $.0060
   Trustee's fee and other operating expenses                                                             .126%(f)    $.0127         .136%(f)   $.0138
                                                                                                          _____       ______         _____      ______
   Total                                                                                                  .185%       $.0187         .195%      $.0198
                                                                                                          =====       ======         =====      ======

Page 9


                                                                                                          Target Global Dividend         Target Growth
                                                                                                             Leaders Portfolio             Portfolio
                                                                                                          3rd Quarter 2024 Series    3rd Quarter 2024 Series
                                                                                                          _______________________    _______________________
                                                                                                                        Amount                  Amount
                                                                                                                        per Unit                per Unit
Unit Holder Sales Fees (as a percentage of public offering price)                                                       ________                ________

Maximum Sales Charge
   Initial sales charge                                                                                   0.00%(a)      $.000        0.00%(a)   $.000
   Deferred sales charge                                                                                  1.35%(b)      $.135        1.35%(b)   $.135
   Creation and development fee                                                                           0.50%(c)      $.050        0.50%(c)   $.050
                                                                                                          _____         _____        _____      _____
   Maximum sales charge (including creation and development fee)                                          1.85%         $.185        1.85%      $.185
                                                                                                          =====         =====        =====      =====
Organization Costs (as a percentage of public offering price)
   Estimated organization costs                                                                           .170%(d)      $.0170       .550%(d)   $.0550
                                                                                                          =====         ======       =====      ======
Estimated Annual Trust Operating Expenses(e)
(as a percentage of average net assets)
   Portfolio supervision, bookkeeping, administrative and evaluation fees                                 .059%         $.0060       .059%      $.0060
   Trustee's fee and other operating expenses                                                             .126%(f)      $.0127       .136%(f)   $.0138
                                                                                                          _____         ______       _____      ______
   Total                                                                                                  .185%         $.0187       .195%      $.0198
                                                                                                          =====         ======       =====      ======

Page 9


                                                                                                                Target VIP                Value Line(R)
                                                                                                                 Portfolio             Target 25 Portfolio
                                                                                                          3rd Quarter 2024 Series    3rd Quarter 2024 Series
                                                                                                          _______________________    _______________________

                                                                                                                        Amount                  Amount
                                                                                                                        per Unit                per Unit
Unit Holder Sales Fees (as a percentage of public offering price)                                                       ________                ________

Maximum Sales Charge
   Initial sales charge                                                                                   0.00%(a)      $.000        0.00%(a)   $.000
   Deferred sales charge                                                                                  1.35%(b)      $.135        1.35%(b)   $.135
   Creation and development fee                                                                           0.50%(c)      $.050        0.50%(c)   $.050
                                                                                                          _____         _____        _____      _____
   Maximum sales charge (including creation and development fee)                                          1.85%         $.185        1.85%      $.185
                                                                                                          =====         =====        =====      =====
Organization Costs (as a percentage of public offering price)
   Estimated organization costs                                                                           .420%(d)      $.0420       .450%(d)   $.0450
                                                                                                          =====         ======       =====      ======
Estimated Annual Trust Operating Expenses(e)
(as a percentage of average net assets)
   Portfolio supervision, bookkeeping, administrative and evaluation fees                                 .059%         $.0060       .059%      $.0060
   Trustee's fee and other operating expenses                                                             .239%(f)      $.0242       .124%(f)   $.0125
                                                                                                          _____         ______       _____      ______
   Total                                                                                                  .298%         $.0302       .183%      $.0185
                                                                                                          =====         ======       =====      ======

Page 10

                                    Example

This example is intended to help you compare the cost of investing in a Trust
with the cost of investing in other investment products. The example assumes
that you invest $10,000 in a Trust and the principal amount and distributions
are rolled every 15 months into a New Trust. The example also assumes a 5%
return on your investment each year and that your Trust's, and each New
Trust's, sales charges and expenses stay the same. The example does not take
into consideration transaction fees which may be charged by certain
broker/dealers for processing redemption requests. Although your actual costs
may vary, based on these assumptions your costs, assuming you roll your
proceeds from one trust to the next for the periods shown, would be:

                                                                                1 Year    3 Years    5 Years    10 Years
                                                                               ______     _______    _______    ________
The Dow(R) Target Dividend Portfolio, 3rd Quarter 2024 Series                  $258       $794       $1,091     $2,349
S&P Dividend Aristocrats Target 25 Portfolio, 3rd Quarter 2024 Series           229        705          974      2,109
S&P Target 24 Portfolio, 3rd Quarter 2024 Series                                234        722          995      2,153
S&P Target SMid 60 Portfolio, 3rd Quarter 2024 Series                           266        816        1,123      2,414
Target Diversified Dividend Portfolio, 3rd Quarter 2024 Series                  243        747        1,030      2,224
Target Focus Four Portfolio, 3rd Quarter 2024 Series                            266        816        1,123      2,414
Target Global Dividend Leaders Portfolio, 3rd Quarter 2024 Series               221        681          941      2,043
Target Growth Portfolio, 3rd Quarter 2024 Series                                260        798        1,099      2,366
Target VIP Portfolio, 3rd Quarter 2024 Series                                   257        790        1,100      2,368
Value Line(R) Target 25 Portfolio, 3rd Quarter 2024 Series                      249        764        1,053      2,271


If you elect not to roll your proceeds from one trust to the next, your costs
will be limited by the number of years your proceeds are invested, as set
forth above.

_____________

(a) The combination of the initial and deferred sales charge comprises what we
refer to as the "transactional sales charge." The initial sales charge is
actually equal to the difference between the maximum sales charge of 1.85% and
the sum of any remaining deferred sales charge and creation and development
fee. When the Public Offering Price per Unit equals $10, there is no initial
sales charge. If the price you pay for your Units exceeds $10 per Unit, you
will pay an initial sales charge.

(b) The deferred sales charge is a fixed dollar amount equal to $.135 per Unit
which, as a percentage of the Public Offering Price, will vary over time. The
deferred sales charge will be deducted in three monthly installments
commencing October 18, 2024.

(c) The creation and development fee compensates the Sponsor for creating and
developing the Trusts. The creation and development fee is a charge of $.050
per Unit collected at the end of the initial offering period, which is
expected to be approximately three months from the Initial Date of Deposit. If
the price you pay for your Units exceeds $10 per Unit, the creation and
development fee will be less than 0.50%; if the price you pay for your Units
is less than $10 per Unit, the creation and development fee will exceed 0.50%.
If you purchase Units after the initial offering period, you will not be
assessed the creation and development fee.

(d) Estimated organization costs, which for certain Trusts include a one-time
licensing fee, will be deducted from the assets of each Trust at the end of
the initial offering period. Estimated organization costs are assessed on a
fixed dollar amount per Unit basis which, as a percentage of average net
assets, will vary over time.

(e) Each of the fees listed herein is assessed on a fixed dollar amount per
Unit basis which, as a percentage of average net assets, will vary over time.

(f) Other operating expenses do not include brokerage costs and other portfolio
transaction fees for any of the Trusts. In certain circumstances the Trusts
may incur additional expenses not set forth above. See "Expenses and Charges."

Page 11


                             Report of Independent
                       Registered Public Accounting Firm


To the Unit Holders and the Sponsor, First Trust Portfolios L.P., of FT 11570

Opinion on the Statements of Net Assets

We have audited the accompanying statements of net assets of FT 11570,
comprising Dow(R) Target Dvd. 3Q '24 - Term 10/9/25 (The Dow(R) Target Dividend
Portfolio, 3rd Quarter 2024 Series); S&P Dvd. Aristocrats Target 25 3Q '24 -
Term 10/9/25 (S&P Dividend Aristocrats Target 25 Portfolio, 3rd Quarter 2024
Series); S&P Target 24 3Q '24 - Term 10/9/25 (S&P Target 24 Portfolio, 3rd
Quarter 2024 Series); S&P Target SMid 60 3Q '24 - Term 10/9/25 (S&P Target SMid
60 Portfolio, 3rd Quarter 2024 Series); Target Divsd. Dvd. 3Q '24 - Term 10/9/25
(Target Diversified Dividend Portfolio, 3rd Quarter 2024 Series); Target Focus 4
3Q '24 - Term 10/9/25 (Target Focus Four Portfolio, 3rd Quarter 2024 Series);
Target Global Dvd. Leaders 3Q '24 - Term 10/9/25 (Target Global Dividend Leaders
Portfolio, 3rd Quarter 2024 Series); Target Growth 3Q '24 - Term 10/9/25 (Target
Growth Portfolio, 3rd Quarter 2024 Series); Target VIP 3Q '24 - Term 10/9/25
(Target VIP Portfolio, 3rd Quarter 2024 Series); and Value Line(R) Target 25 3Q
'24 - Term 10/9/25 (Value Line(R) Target 25 Portfolio, 3rd Quarter 2024 Series)
(collectively, the "Trusts"), one of the series constituting the FT Series,
including the schedules of investments, as of the opening of business on July 9,
2024 (Initial Date of Deposit), and the related notes. In our opinion, the
statements of net assets present fairly, in all material respects, the financial
position of each of the Trusts constituting FT 11570 as of the opening of
business on July 9, 2024 (Initial Date of Deposit), in conformity with
accounting principles generally accepted in the United States of America.

Basis for Opinion

These statements of net assets are the responsibility of the Trusts' Sponsor.
Our responsibility is to express an opinion on the Trusts' statements of net
assets based on our audits. We are a public accounting firm registered with
the Public Company Accounting Oversight Board (United States) (PCAOB) and are
required to be independent with respect to the Trusts in accordance with the
U.S. federal securities laws and the applicable rules and regulations of the
Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those
standards require that we plan and perform the audit to obtain reasonable
assurance about whether the statements of net assets are free of material
misstatement, whether due to error or fraud. The Trusts are not required to
have, nor were we engaged to perform, an audit of their internal control over
financial reporting. As part of our audits we are required to obtain an
understanding of internal control over financial reporting but not for the
purpose of expressing an opinion on the effectiveness of the Trusts' internal
control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material
misstatement of the statements of net assets, whether due to error or fraud,
and performing procedures that respond to those risks. Such procedures
included examining, on a test basis, evidence regarding the amounts and
disclosures in the statements of net assets. Our audits also included
evaluating the accounting principles used and significant estimates made by
the Trusts' Sponsor, as well as evaluating the overall presentation of the
statements of net assets. Our procedures included confirmation of the
irrevocable letter of credit held by The Bank of New York Mellon, the Trustee,
and allocated among the Trusts for the purchase of securities, as shown in the
statements of net assets, as of the opening of business on July 9, 2024, by
correspondence with the Trustee. We believe that our audits provide a
reasonable basis for our opinion.

/s/ DELOITTE & TOUCHE LLP

Chicago, Illinois
July 9, 2024

We have served as the auditor of one or more investment companies sponsored by
First Trust Portfolios L.P. since 2001.

Page 12


                            Statements of Net Assets

                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                                                                   S&P Dividend
                                                                                         The Dow(R) Target     Aristocrats Target 25
                                                                                         Dividend Portfolio          Portfolio
                                                                                            3rd Quarter             3rd Quarter
                                                                                            2024 Series             2024 Series
                                                                                         __________________    _____________________
NET ASSETS
Investment in Securities represented
   by purchase contracts (1) (2)                                                         $167,740              $161,983
Less liability for reimbursement to Sponsor
   for organization costs (3)                                                                (939)                 (405)
Less liability for deferred sales charge (4)                                               (2,264)               (2,187)
Less liability for creation and development fee (5)                                          (839)                 (810)
                                                                                         ________              ________
Net assets                                                                               $163,698              $158,581
                                                                                         ========              ========
Units outstanding                                                                          16,774                16,198
Net asset value per Unit (6)                                                             $  9.759              $  9.790

ANALYSIS OF NET ASSETS
Cost to investors (7)                                                                    $167,740              $161,983
Less maximum sales charge (7)                                                              (3,103)               (2,997)
Less estimated reimbursement to Sponsor
   for organization costs (3)                                                                (939)                 (405)
                                                                                         ________              ________
Net assets                                                                               $163,698              $158,581
                                                                                         ========              ========

__________

See "Notes to Statements of Net Assets" on page 17.

Page 13


                            Statements of Net Assets

                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                           S&P               S&P
                                                                        Target 24       Target SMid 60      Target Diversified
                                                                        Portfolio         Portfolio         Dividend Portfolio
                                                                       3rd Quarter       3rd Quarter           3rd Quarter
                                                                       2024 Series       2024 Series           2024 Series
                                                                       ___________      ______________      __________________
NET ASSETS
Investment in Securities represented
   by purchase contracts (1) (2)                                       $279,591         $124,784            $146,471
Less liability for reimbursement to Sponsor
   for organization costs (3)                                              (895)            (761)               (571)
Less liability for deferred sales charge (4)                             (3,774)          (1,685)            (1,977)
Less liability for creation and development fee (5)                      (1,398)            (624)               (732)
                                                                       ________         ________            ________
Net assets                                                             $273,524         $121,714            $143,191
                                                                       ========         ========            ========
Units outstanding                                                        27,959           12,478              14,647
Net asset value per Unit (6)                                           $  9.783         $  9.754            $  9.776

ANALYSIS OF NET ASSETS
Cost to investors (7)                                                  $279,591         $124,784            $146,471
Less maximum sales charge (7)                                            (5,172)          (2,309)             (2,709)
Less estimated reimbursement to Sponsor
   for organization costs (3)                                              (895)            (761)               (571)
                                                                       ________         ________            ________
Net assets                                                             $273,524         $121,714            $143,191
                                                                       ========         ========            ========

__________

See "Notes to Statements of Net Assets" on page 17.

Page 14


                            Statements of Net Assets

                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                                                                Target Global
                                                                                         Target Focus Four     Dividend Leaders
                                                                                             Portfolio            Portfolio
                                                                                            3rd Quarter          3rd Quarter
                                                                                            2024 Series          2024 Series
                                                                                         _________________     ________________
NET ASSETS
Investment in Securities represented
   by purchase contracts (1) (2)                                                         $500,920              $174,016
Less liability for reimbursement to Sponsor
   for organization costs (3)                                                              (3,056)                 (296)
Less liability for deferred sales charge (4)                                               (6,762)               (2,349)
Less liability for creation and development fee (5)                                        (2,505)                 (870)
                                                                                         ________              ________
Net assets                                                                               $488,597              $170,501
                                                                                         ========              ========
Units outstanding                                                                          50,092                17,402
Net asset value per Unit (6)                                                             $  9.754              $  9.798

ANALYSIS OF NET ASSETS
Cost to investors (7)                                                                    $500,920              $174,016
Less maximum sales charge (7)                                                              (9,267)               (3,219)
Less estimated reimbursement to Sponsor
   for organization costs (3)                                                              (3,056)                 (296)
                                                                                         ________              ________
Net assets                                                                               $488,597              $170,501
                                                                                         ========              ========

__________

See "Notes to Statements of Net Assets" on page 17.

Page 15


                            Statements of Net Assets

                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                                                            Value Line(R)
                                                                            Target        Target VIP          Target 25
                                                                       Growth Portfolio    Portfolio          Portfolio
                                                                         3rd Quarter      3rd Quarter        3rd Quarter
                                                                         2024 Series      2024 Series        2024 Series
                                                                       ________________   ___________       _____________
NET ASSETS
Investment in Securities represented
   by purchase contracts (1) (2)                                       $138,071           $1,920,155        $271,267
Less liability for reimbursement to Sponsor
   for organization costs (3)                                              (759)              (8,065)         (1,221)
Less liability for deferred sales charge (4)                             (1,864)             (25,922)         (3,662)
Less liability for creation and development fee (5)                        (690)              (9,601)         (1,356)
                                                                       ________           __________        ________
Net assets                                                             $134,758           $1,876,567        $265,028
                                                                       ========           ==========        ========
Units outstanding                                                        13,807              192,015          27,127
Net asset value per Unit (6)                                           $  9.760           $    9.773        $  9.770

ANALYSIS OF NET ASSETS
Cost to investors (7)                                                  $138,071           $1,920,155        $271,267
Less maximum sales charge (7)                                            (2,554)             (35,523)         (5,018)
Less estimated reimbursement to Sponsor
   for organization costs (3)                                              (759)              (8,065)         (1,221)
                                                                       ________           __________        ________
Net assets                                                             $134,758           $1,876,567        $265,028
                                                                       ========           ==========        ========

__________

See "Notes to Statements of Net Assets" on page 17.

Page 16


                       NOTES TO STATEMENTS OF NET ASSETS

Each Trust is registered as a unit investment trust under the Investment
Company Act of 1940. The Sponsor is responsible for the preparation of
financial statements in accordance with accounting principles generally
accepted in the United States which require the Sponsor to make estimates and
assumptions that affect amounts reported herein. Actual results could differ
from those estimates. The Trusts are structured as either regulated investment
companies ("RICs") or grantor trusts ("grantors"). Those structured as RICs
intend to comply in their initial fiscal year and thereafter with provisions
of the Internal Revenue Code applicable to RICs and as such, will not be
subject to federal income taxes on otherwise taxable income (including net
realized capital gains) distributed to Unit holders. The Trusts structured as
grantors intend to comply in their initial fiscal year as a grantor under
federal tax laws. In grantors, investors are deemed for federal tax purposes,
to own the underlying assets of the Trust directly and as such, all taxability
issues are taken into account at the Unit holder level. Income passes through
to Unit holders as realized by the Trust.

(1) Each Trust invests in a diversified portfolio of common stocks. Aggregate
cost of the Securities listed under "Schedule of Investments" for each Trust
is based on their aggregate underlying value. Each Trust has a Mandatory
Termination Date of October 9, 2025.

(2) An irrevocable letter of credit for approximately $6,800,000, issued by The
Bank of New York Mellon (approximately $300,000 has been allocated to each of
The Dow(R) Target Dividend Portfolio, 3rd Quarter 2024 Series; S&P Dividend
Aristocrats Target 25 Portfolio, 3rd Quarter 2024 Series; S&P Target SMid 60
Portfolio, 3rd Quarter 2024 Series; Target Diversified Dividend Portfolio, 3rd
Quarter 2024 Series; Target Global Dividend Leaders Portfolio, 3rd Quarter 2024
Series and Target Growth Portfolio, 3rd Quarter 2024 Series; approximately
$500,000 has been allocated to each of the S&P Target 24 Portfolio, 3rd Quarter
2024 Series and Value Line(R) Target 25 Portfolio, 3rd Quarter 2024 Series;
approximately $1,000,000 has been allocated to Target Focus Four Portfolio, 3rd
Quarter 2024 Series; and approximately $3,000,000 has been allocated to Target
VIP Portfolio, 3rd Quarter 2024 Series), has been deposited with the Trustee as
collateral, covering the monies necessary for the purchase of the Securities
according to their purchase contracts.

(3) A portion of the Public Offering Price consists of an amount sufficient to
reimburse the Sponsor for all or a portion of the costs of establishing the
Trusts. The estimated organization costs range from $.0170 to $.0610 per Unit
for the Trusts. A payment will be made at the end of the initial offering
period to an account maintained by the Trustee from which the obligation of
the investors to the Sponsor will be satisfied. To the extent that actual
organization costs of a Trust are greater than the estimated amount, only the
estimated organization costs added to the Public Offering Price will be
reimbursed to the Sponsor and deducted from the assets of such Trust.

(4) Represents the amount of mandatory deferred sales charge distributions of
$.135 per Unit, payable to the Sponsor in three equal monthly installments
beginning on October 18, 2024 and on the twentieth day of each month
thereafter (or if such date is not a business day, on the preceding business
day) through December 20, 2024. If Unit holders redeem Units before December
20, 2024, they will have to pay the remaining amount of the deferred sales
charge applicable to such Units when they redeem them.

(5) The creation and development fee ($.050 per Unit for each Trust) is
payable by a Trust on behalf of Unit holders out of assets of a Trust at the
end of a Trust's initial offering period. If Units are redeemed prior to the
close of the initial offering period, the fee will not be deducted from the
proceeds.

(6) Net asset value per Unit is calculated by dividing a Trust's net assets by
the number of Units outstanding. This figure includes organization costs and
the creation and development fee, which will only be assessed to Units
outstanding at the close of the initial offering period.

(7) The aggregate cost to investors in a Trust includes a maximum sales charge
(comprised of an initial and a deferred sales charge and the creation and
development fee) computed at the rate of 1.85% of the Public Offering Price
(equivalent to 1.85% of the net amount invested, exclusive of the deferred
sales charge and the creation and development fee), assuming no reduction of
the maximum sales charge as set forth under "Public Offering."

Page 17


                            Schedule of Investments

         The Dow(R) Target Dividend Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                       Percentage
                                                                       of Aggregate     Number     Market        Cost of
Ticker Symbol and                                                      Offering         of         Value per     Securities to
Name of Issuer of Securities (1)(3)                                    Price            Shares     Share         the Trust (2)
___________________________________                                    ____________     ______     _________     _____________
COMMON STOCKS (100%):
Communication Services (5%):
T         AT&T Inc.                                                      5%             446        $ 18.81       $  8,389
Consumer Discretionary (10%):
F         Ford Motor Company                                             5%             646          12.98          8,385
KSS       Kohl's Corporation                                             5%             375          22.38          8,392
Consumer Staples (5%):
CAG       Conagra Brands, Inc.                                           5%             295          28.40          8,378
Financials (40%):
CINF      Cincinnati Financial Corporation                               5%              72         116.68          8,401
FNB       F.N.B. Corporation                                             5%             625          13.41          8,381
FHN       First Horizon Corporation                                      5%             555          15.11          8,386
BEN       Franklin Resources, Inc.                                       5%             379          22.14          8,391
JHG       Janus Henderson Group Plc +                                    5%             245          34.19          8,377
ORI       Old Republic International Corporation                         5%             279          30.10          8,398
UBSI      United Bankshares, Inc.                                        5%             264          31.76          8,385
VLY       Valley National Bancorp                                        5%           1,267           6.62          8,388
Materials (5%):
FMC       FMC Corporation                                                5%             149          56.23          8,378
Utilities (35%):
AVA       Avista Corporation                                             5%             250          33.57          8,392
BKH       Black Hills Corporation                                        5%             157          53.42          8,387
D         Dominion Energy, Inc.                                          5%             170          49.33          8,386
ETR       Entergy Corporation                                            5%              80         104.75          8,380
NWE       NorthWestern Corporation                                       5%             172          48.75          8,385
SWX       Southwest Gas Holdings, Inc.                                   5%             120          70.00          8,400
UGI       UGI Corporation                                                5%             377          22.23          8,381
                                                                       ____                                      ________
               Total Investments                                       100%                                      $167,740
                                                                       ====                                      ========

______________________

See "Notes to Schedules of Investments" on page 36.

Page 18


                            Schedule of Investments

     S&P Dividend Aristocrats Target 25 Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                       Percentage
                                                                       of Aggregate     Number     Market        Cost of
Ticker Symbol and                                                      Offering         of         Value per     Securities to
Name of Issuer of Securities (1)(3)                                    Price            Shares     Share         the Trust (2)
________________________________                                       ____________     ______     _________     _____________
COMMON STOCKS (100%):
Consumer Discretionary (4%):
LOW       Lowe's Companies, Inc.                                         4%              30        $217.15       $  6,515
Consumer Staples (24%):
ADM       Archer-Daniels-Midland Company                                 4%             102          63.38          6,465
BF/B      Brown-Forman Corporation                                       4%             154          42.06          6,477
HRL       Hormel Foods Corporation                                       4%             215          30.15          6,482
PG        The Procter & Gamble Company                                   4%              39         166.52          6,494
TGT       Target Corporation                                             4%              44         148.72          6,544
WMT       Walmart Inc.                                                   4%              93          69.68          6,480
Energy (8%):
CVX       Chevron Corporation                                            4%              42         154.33          6,482
XOM       Exxon Mobil Corporation                                        4%              58         112.18          6,506
Financials (20%):
AFL       Aflac Incorporated                                             4%              73          88.52          6,462
CB        Chubb Limited +                                                4%              26         252.99          6,578
CINF      Cincinnati Financial Corporation                               4%              55         116.68          6,417
BEN       Franklin Resources, Inc.                                       4%             293          22.14          6,487
TROW      T. Rowe Price Group, Inc.                                      4%              56         114.67          6,422
Health Care (8%):
JNJ       Johnson & Johnson                                              4%              44         145.48          6,401
WST       West Pharmaceutical Services, Inc.                             4%              20         319.98          6,400
Industrials (28%):
AOS       A.O. Smith Corporation                                         4%              80          81.06          6,485
CAT       Caterpillar Inc.                                               4%              20         329.06          6,581
DOV       Dover Corporation                                              4%              37         176.49          6,530
EXPD      Expeditors International of Washington, Inc.                   4%              54         119.91          6,475
FAST      Fastenal Company                                               4%             103          62.83          6,472
PNR       Pentair Plc +                                                  4%              86          75.20          6,467
GWW       W.W. Grainger, Inc.                                            4%               7         917.35          6,421
Materials (8%):
LIN       Linde Plc +                                                    4%              15         435.74          6,536
NUE       Nucor Corporation                                              4%              42         152.47          6,404
                                                                       ____                                      ________
               Total Investments                                       100%                                      $161,983
                                                                       ====                                      ========

______________________

See "Notes to Schedules of Investments" on page 36.

Page 19


                            Schedule of Investments

                S&P Target 24 Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                       Percentage
                                                                       of Aggregate    Number       Market         Cost of
Ticker Symbol and                                                      Offering        of           Value per      Securities to
Name of Issuer of Securities (1)(3)                                    Price           Shares       Share           the Trust (2)
___________________________________                                    ____________    ______       _________      _____________
COMMON STOCKS (100.00%):
Communication Services (10.95%):
GOOGL     Alphabet Inc. (Class A)                                        6.42%           95         $  189.03      $ 17,958
META      Meta Platforms Inc. (Class A)                                  3.79%           20            529.32        10,586
NFLX      Netflix, Inc. *                                                0.74%            3            685.74         2,057
Consumer Discretionary (11.05%):
BKNG      Booking Holdings Inc.                                          8.55%            6          3,984.63        23,908
DPZ       Domino's Pizza, Inc.                                           1.07%            6            500.33         3,002
PHM       PulteGroup, Inc.                                               1.43%           38            105.26         4,000
Consumer Staples (6.64%):
MO        Altria Group, Inc.                                             3.01%          183             46.02         8,422
BG        Bunge Global S.A. +                                            0.59%           15            110.39         1,656
CL        Colgate-Palmolive Company                                      3.04%           87             97.58         8,489
Energy (3.52%):
COP       ConocoPhillips                                                 1.85%           46            112.23         5,163
MPC       Marathon Petroleum Corporation                                 0.84%           14            167.47         2,345
PSX       Phillips 66                                                    0.83%           17            135.95         2,311
Financials (13.50%):
AFL       Aflac Incorporated                                             0.66%           21             88.52         1,859
BRK/B     Berkshire Hathaway Inc. (Class B) *                           11.71%           80            409.08        32,726
FI        Fiserv, Inc. *                                                 1.13%           21            150.98         3,171
Health Care (11.95%):
HCA       HCA Healthcare, Inc.                                           5.20%           46            316.21        14,546
MCK       McKesson Corporation                                           4.85%           23            589.53        13,559
MTD       Mettler-Toledo International Inc. +*                           1.90%            4          1,330.00         5,320
Industrials (8.15%):
OTIS      Otis Worldwide Corporation                                     3.00%           86             97.40         8,376
ROL       Rollins, Inc.                                                  1.87%          105             49.92         5,242
GWW       W.W. Grainger, Inc.                                            3.28%           10            917.35         9,173
Information Technology (34.24%):
AMAT      Applied Materials, Inc.                                       18.94%          215            246.29        52,952
GDDY      GoDaddy Inc. (Class A) *                                       1.90%           37            143.65         5,315
LRCX      Lam Research Corporation                                      13.40%           34          1,101.61        37,455
                                                                       _______                                     ________
               Total Investments                                       100.00%                                     $279,591
                                                                       =======                                     ========

______________________

See "Notes to Schedules of Investments" on page 36.

Page 20


                            Schedule of Investments

             S&P Target SMid 60 Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                       Percentage
                                                                       of Aggregate    Number       Market       Cost of
Ticker Symbol and                                                      Offering        of           Value per    Securities to
Name of Issuer of Securities (1)(3)                                    Price           Shares       Share        the Trust (2)
________________________________                                       ____________    ______       _________    _____________
COMMON STOCKS (100.00%):
Communication Services (8.85%):
AMCX      AMC Networks Inc. (Class A) *                                  1.11%          148         $  9.38      $  1,388
CABO      Cable One, Inc.                                                1.07%            4          332.63         1,330
FYBR      Frontier Communications Parent, Inc. *                         2.22%          108           25.61         2,766
SHEN      Shenandoah Telecommunications Company                          1.11%           83           16.72         1,388
TGNA      TEGNA Inc.                                                     2.23%          202           13.75         2,777
TDS       Telephone and Data Systems, Inc.                               1.11%           68           20.32         1,382
Consumer Discretionary (10.00%):
ADNT      Adient Plc +*                                                  2.23%          116           23.96         2,779
DAN       Dana Inc.                                                      1.11%          122           11.40         1,391
GIII      G-III Apparel Group, Ltd. *                                    1.10%           52           26.43         1,374
GHC       Graham Holdings Company                                        2.23%            4          696.62         2,786
KSS       Kohl's Corporation                                             1.11%           62           22.38         1,388
PVH       PVH Corp.                                                      2.22%           26          106.61         2,772
Consumer Staples (2.21%):
SPTN      SpartanNash Company                                            1.10%           76           18.12         1,377
UNFI      United Natural Foods, Inc. *                                   1.11%          112           12.39         1,388
Energy (5.55%):
CNX       CNX Resources Corporation *                                    2.22%          110           25.16         2,768
NOV       NOV Inc.                                                       2.22%          154           18.01         2,773
PUMP      ProPetro Holding Corp. *                                       1.11%          171            8.11         1,387
Financials (44.51%):
AGO       Assured Guaranty Ltd. +                                        1.11%           18           76.70         1,381
OZK       Bank OZK                                                       2.22%           69           40.07         2,765
BFH       Bread Financial Holdings Inc.                                  1.12%           31           44.93         1,393
CADE      Cadence Bank                                                   2.22%          100           27.64         2,764
CNO       CNO Financial Group, Inc.                                      2.22%          100           27.75         2,775
COLB      Columbia Banking System, Inc.                                  2.23%          142           19.57         2,779
CUBI      Customers Bancorp, Inc. *                                      1.12%           29           48.06         1,394
EZPW      EZCORP, Inc. *                                                 1.11%          139            9.99         1,389
FCF       First Commonwealth Financial Corporation                       1.11%          100           13.85         1,385
FFBC      First Financial Bancorp.                                       1.12%           64           21.76         1,393
FHN       First Horizon Corporation                                      2.22%          183           15.11         2,765
FBRT      Franklin BSP Realty Trust, Inc. (4)                            1.11%          111           12.52         1,390
HAFC      Hanmi Financial Corporation                                    1.11%           87           15.97         1,389
JXN       Jackson Financial Inc. (Class A)                               1.12%           19           73.25         1,392
JHG       Janus Henderson Group Plc +                                    2.22%           81           34.19         2,769
LNC       Lincoln National Corporation                                   1.11%           45           30.75         1,384
MTG       MGIC Investment Corporation                                    2.22%          130           21.29         2,768

Page 21


                       Schedule of Investments (cont'd.)

             S&P Target SMid 60 Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                       Percentage
                                                                       of Aggregate    Number       Market       Cost of
Ticker Symbol and                                                      Offering        of           Value per    Securities to
Name of Issuer of Securities (1)(3)                                    Price           Shares       Share        the Trust (2)
________________________________                                       ____________    ______       _________    _____________
Financials (cont'd.):
ONB      Old National Bancorp                                            2.22%          166         $ 16.67      $  2,767
PMT      PennyMac Mortgage Investment Trust (4)                          1.11%          100           13.83         1,383
RC       Ready Capital Corporation (4)                                   1.11%          165            8.41         1,388
RWT      Redwood Trust, Inc. (4)                                         1.11%          214            6.49         1,389
RNR      RenaissanceRe Holdings Ltd. +                                   2.27%           13          217.71         2,830
STBA     S&T Bancorp, Inc.                                               1.10%           42           32.64         1,371
SPNT     SiriusPoint Ltd. +*                                             1.11%          114           12.13         1,383
TRMK     Trustmark Corporation                                           1.10%           47           29.23         1,374
TWO      Two Harbors Investment Corp. (4)                                1.11%          109           12.76         1,391
WAFD     WaFd Inc                                                        1.12%           50           27.99         1,399
WTFC     Wintrust Financial Corporation                                  2.24%           29           96.46         2,797
ZION     Zions Bancorporation                                            2.22%           65           42.59         2,768
Health Care (4.44%):
NEOG     Neogen Corporation *                                            2.22%          184           15.08         2,775
ROIV     Roivant Sciences Ltd. +*                                        2.22%          259           10.72         2,776
Industrials (2.22%):
CNXC     Concentrix Corporation                                          2.22%           42           66.01         2,772
Information Technology (2.22%):
AVT      Avnet, Inc.                                                     2.22%           54           51.37         2,774
Real Estate (7.76%):
AKR      Acadia Realty Trust (4)                                         1.11%           75           18.45         1,384
KRG      Kite Realty Group Trust (4)                                     2.22%          125           22.16         2,770
SBRA     Sabra Health Care REIT, Inc. (4)                                2.22%          181           15.31         2,771
VNO      Vornado Realty Trust (4)                                        2.21%          105           26.30         2,761
Utilities (12.24%):
AVA      Avista Corporation                                              1.10%           41           33.57         1,376
BKH      Black Hills Corporation                                         2.23%           52           53.42         2,778
NWE      NorthWestern Corporation                                        2.23%           57           48.75         2,779
OGS      ONE Gas, Inc.                                                   2.24%           45           62.22         2,800
POR      Portland General Electric Company                               2.21%           65           42.44         2,759
SR       Spire Inc.                                                      2.23%           47           59.15         2,780
                                                                       _______                                   ________
              Total Investments                                        100.00%                                   $124,784
                                                                       =======                                   ========

______________________

See "Notes to Schedules of Investments" on page 36.

Page 22


                            Schedule of Investments

         Target Diversified Dividend Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                       Percentage
                                                                       of Aggregate    Number       Market       Cost of
Ticker Symbol and                                                      Offering        of           Value per    Securities to
Name of Issuer of Securities (1)(3)                                    Price           Shares       Share        the Trust (2)
___________________________________                                    ____________    ______       _________    _____________
COMMON STOCKS (100.00%):
Communication Services (9.98%):
CABO        Cable One, Inc.                                              2.50%           11         $332.63      $  3,659
NXST        Nexstar Media Group, Inc.                                    2.48%           22          165.02         3,630
SBGI        Sinclair, Inc.                                               2.50%          275           13.32         3,663
TGNA        TEGNA Inc.                                                   2.50%          266           13.75         3,658
Consumer Discretionary (10.00%):
HVT         Haverty Furniture Companies, Inc.                            2.50%          153           23.97         3,667
KSS         Kohl's Corporation                                           2.51%          164           22.38         3,670
MOV         Movado Group, Inc.                                           2.49%          148           24.68         3,653
SMP         Standard Motor Products, Inc.                                2.50%          136           26.90         3,658
Consumer Staples (10.02%):
ADM         Archer-Daniels-Midland Company                               2.51%           58           63.38         3,676
FDP         Fresh Del Monte Produce Inc. +                               2.50%          172           21.32         3,667
SPTN        SpartanNash Company                                          2.50%          202           18.12         3,660
UVV         Universal Corporation                                        2.51%           79           46.59         3,681
Energy (10.01%):
CIVI        Civitas Resources, Inc.                                      2.49%           54           67.42         3,641
REPX        Riley Exploration Permian, Inc.                              2.51%          132           27.80         3,670
TEN         Tsakos Energy Navigation Limited +                           2.51%          133           27.62         3,674
VRN         Veren Inc. +                                                 2.50%          462            7.92         3,659
Financials (10.00%):
EGBN        Eagle Bancorp, Inc.                                          2.50%          204           17.97         3,666
THFF        First Financial Corporation                                  2.50%          101           36.27         3,663
HAFC        Hanmi Financial Corporation                                  2.50%          229           15.97         3,657
LNC         Lincoln National Corporation                                 2.50%          119           30.75         3,659
Health Care (9.99%):
CVS         CVS Health Corporation                                       2.49%           64           56.89         3,641
PFE         Pfizer Inc.                                                  2.50%          131           27.93         3,659
PINC        Premier, Inc. (Class A)                                      2.50%          199           18.40         3,662
VTRS        Viatris Inc.                                                 2.50%          345           10.61         3,660


Page 23


                       Schedule of Investments (cont'd.)

         Target Diversified Dividend Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                       Percentage
                                                                       of Aggregate    Number       Market       Cost of
Ticker Symbol and                                                      Offering        of           Value per    Securities to
Name of Issuer of Securities (1)(3)                                    Price           Shares       Share        the Trust (2)
___________________________________                                    ____________    ______       _________    _____________
Industrials (9.99%):
BCC         Boise Cascade Company                                        2.48%           31         $116.97      $  3,626
DAC         Danaos Corporation +                                         2.51%           42           87.63         3,681
GNK         Genco Shipping & Trading Limited +                           2.50%          177           20.66         3,657
GSL         Global Ship Lease, Inc. (Class A) +                          2.50%          135           27.15         3,665
Information Technology (10.01%):
AVT         Avnet, Inc.                                                  2.49%           71           51.37         3,647
HPE         Hewlett Packard Enterprise Company                           2.50%          175           20.89         3,656
SNX         TD SYNNEX Corporation                                        2.52%           33          112.00         3,696
VSH         Vishay Intertechnology, Inc.                                 2.50%          163           22.51         3,669
Materials (10.00%):
FMC         FMC Corporation                                              2.49%           65           56.23         3,655
HUN         Huntsman Corporation                                         2.51%          169           21.73         3,672
MOS         The Mosaic Company                                           2.49%          135           27.06         3,653
NTR         Nutrien Ltd. +                                               2.51%           75           49.08         3,681
Utilities (10.00%):
AVA         Avista Corporation                                           2.50%          109           33.57         3,659
NWN         Northwest Natural Holding Company                            2.50%          104           35.25         3,666
SR          Spire Inc.                                                   2.50%           62           59.15         3,667
UGI         UGI Corporation                                              2.50%          165           22.23         3,668
                                                                       _______                                   ________
            Total Investments                                          100.00%                                   $146,471
                                                                       =======                                   ========

______________________

See "Notes to Schedules of Investments" on page 36.

Page 24


                            Schedule of Investments

              Target Focus Four Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024


                                                                     Percentage
                                                                     of Aggregate    Number    Market       Cost of
Ticker Symbol and                                                    Offering        of        Value per    Securities to
Name of Issuer of Securities (1)(3)                                  Price           Shares    Share        the Trust (2)
___________________________________                                  ____________    ______    _________    _____________
COMMON STOCKS (100.00%):
Communication Services (12.69%):
GOOG      Alphabet Inc. (Class C)                                      7.45%           196     $  190.48    $ 37,334
AMCX      AMC Networks Inc. (Class A) *                                0.33%           178          9.38       1,670
T         AT&T Inc.                                                    1.50%           399         18.81       7,505
CABO      Cable One, Inc.                                              0.33%             5        332.63       1,663
FYBR      Frontier Communications Parent, Inc. *                       0.66%           130         25.61       3,329
TIGO      Millicom International Cellular S.A. +*                      0.30%            62         24.63       1,527
ORAN      Orange (ADR) +                                               0.40%           189         10.57       1,998
SHEN      Shenandoah Telecommunications Company                        0.33%           100         16.72       1,672
TGNA      TEGNA Inc.                                                   0.66%           242         13.75       3,328
TEF       Telefonica, S.A. (ADR) +                                     0.40%           472          4.24       2,001
TDS       Telephone and Data Systems, Inc.                             0.33%            82         20.32       1,666
Consumer Discretionary (9.07%):
ADNT      Adient Plc +*                                                0.66%           139         23.96       3,330
CROX      Crocs, Inc. *                                                0.32%            11        144.52       1,590
DAN       Dana Inc.                                                    0.33%           146         11.40       1,664
DKS       Dick's Sporting Goods, Inc.                                  0.32%             8        201.08       1,609
F         Ford Motor Company                                           1.50%           578         12.98       7,502
GIII      G-III Apparel Group, Ltd. *                                  0.33%            63         26.43       1,665
GM        General Motors Company                                       0.99%           107         46.55       4,981
GHC       Graham Holdings Company                                      0.70%             5        696.62       3,483
HMC       Honda Motor Co., Ltd. (ADR) +                                0.40%            63         31.82       2,005
KSS       Kohl's Corporation                                           1.83%           409         22.38       9,153
PHM       PulteGroup, Inc.                                             0.32%            15        105.26       1,579
PVH       PVH Corp.                                                    0.66%            31        106.61       3,305
STLA      Stellantis N.V. +                                            0.40%           103         19.48       2,006
TOL       Toll Brothers, Inc.                                          0.31%            14        110.75       1,551
Consumer Staples (2.47%):
CAG       Conagra Brands, Inc.                                         1.50%           264         28.40       7,498
SPTN      SpartanNash Company                                          0.33%            92         18.12       1,667
SFM       Sprouts Farmers Market, Inc. *                               0.31%            19         82.54       1,568
UNFI      United Natural Foods, Inc. *                                 0.33%           134         12.39       1,660
Energy (5.25%):
BP        BP Plc (ADR) +                                               0.40%            55         36.55       2,010
CNX       CNX Resources Corporation *                                  0.66%           132         25.16       3,321
EC        Ecopetrol S.A. (ADR) +                                       0.40%           178         11.23       1,999
E         Eni SpA (ADR) +                                              0.40%            65         30.88       2,007
EQNR      Equinor ASA +                                                0.40%            72         27.77       1,999
NOV       NOV Inc.                                                     0.67%           185         18.01       3,332
PBR       Petroleo Brasileiro S.A. - Petrobras (ADR) +                 0.40%           132         15.13       1,997

Page 25


                       Schedule of Investments (cont'd.)

              Target Focus Four Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024


                                                                     Percentage
                                                                     of Aggregate    Number    Market       Cost of
Ticker Symbol and                                                    Offering        of        Value per    Securities to
Name of Issuer of Securities (1)(3)                                  Price           Shares    Share        the Trust (2)
___________________________________                                  ____________    ______    _________    _____________
Energy (cont'd.):
PUMP      ProPetro Holding Corp. *                                     0.33%           205     $    8.11    $  1,663
SHEL      Shell Plc (ADR) +                                            0.39%            27         72.72       1,963
SU        Suncor Energy Inc. +                                         0.40%            53         37.95       2,011
TTE       TotalEnergies SE (ADR) +                                     0.40%            29         69.65       2,020
WDS       Woodside Energy Group Limited (ADR) +                        0.40%           102         19.53       1,992
Financials (28.85%):
AGO       Assured Guaranty Ltd. +                                      0.34%            22         76.70       1,687
BBVA      Banco Bilbao Vizcaya Argentaria, S.A. (ADR) +                0.40%           194         10.33       2,004
SAN       Banco Santander S.A. (ADR) +                                 0.40%           421          4.75       2,000
OZK       Bank OZK                                                     0.66%            83         40.07       3,326
BCS       Barclays Plc (ADR) +                                         0.40%           174         11.48       1,998
BFH       Bread Financial Holdings Inc.                                0.33%            37         44.93       1,662
CADE      Cadence Bank                                                 0.67%           121         27.64       3,344
CINF      Cincinnati Financial Corporation                             1.49%            64        116.68       7,468
CNO       CNO Financial Group, Inc.                                    0.66%           120         27.75       3,330
COLB      Columbia Banking System, Inc.                                0.66%           170         19.57       3,327
CUBI      Customers Bancorp, Inc. *                                    0.34%            35         48.06       1,682
DB        Deutsche Bank AG +                                           0.40%           119         16.73       1,991
EZPW      EZCORP, Inc. *                                               0.33%           167          9.99       1,668
FNB       F.N.B. Corporation                                           1.50%           559         13.41       7,496
FCF       First Commonwealth Financial Corporation                     0.33%           120         13.85       1,662
FFBC      First Financial Bancorp.                                     0.33%            77         21.76       1,676
FHN       First Horizon Corporation                                    2.16%           716         15.11      10,819
FBRT      Franklin BSP Realty Trust, Inc. (4)                          0.33%           133         12.52       1,665
BEN       Franklin Resources, Inc.                                     1.50%           339         22.14       7,505
HAFC      Hanmi Financial Corporation                                  0.33%           104         15.97       1,661
HSBC      HSBC Holdings Plc (ADR) +                                    0.40%            46         43.33       1,993
JXN       Jackson Financial Inc. (Class A)                             0.34%            23         73.25       1,685
JHG       Janus Henderson Group Plc +                                  2.15%           316         34.19      10,804
LNC       Lincoln National Corporation                                 0.33%            54         30.75       1,661
LYG       Lloyds Banking Group Plc (ADR) +                             0.40%           669          2.99       2,000
MTG       MGIC Investment Corporation                                  0.66%           156         21.29       3,321
NWG       Natwest Group Plc +                                          0.40%           232          8.61       1,998
ONB       Old National Bancorp                                         0.67%           200         16.67       3,334
ORI       Old Republic International Corporation                       1.50%           249         30.10       7,495
IX        ORIX Corporation (ADR) +                                     0.41%            18        114.00       2,052
PMT       PennyMac Mortgage Investment Trust (4)                       0.33%           120         13.83       1,660
RC        Ready Capital Corporation (4)                                0.33%           198          8.41       1,665
RWT       Redwood Trust, Inc. (4)                                      0.33%           257          6.49       1,668

Page 26


                       Schedule of Investments (cont'd.)

              Target Focus Four Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024


                                                                     Percentage
                                                                     of Aggregate    Number    Market       Cost of
Ticker Symbol and                                                    Offering        of        Value per    Securities to
Name of Issuer of Securities (1)(3)                                  Price           Shares    Share        the Trust (2)
___________________________________                                  ____________    ______    _________    _____________
Financials (cont'd.):
RNR       RenaissanceRe Holdings Ltd. +                                0.65%            15     $  217.71    $  3,266
STBA      S&T Bancorp, Inc.                                            0.33%            51         32.64       1,665
SPNT      SiriusPoint Ltd. +*                                          0.33%           137         12.13       1,662
TRMK      Trustmark Corporation                                        0.33%            57         29.23       1,666
TWO       Two Harbors Investment Corp. (4)                             0.33%           131         12.76       1,672
UBS       UBS Group AG +                                               0.40%            66         30.39       2,006
UBSI      United Bankshares, Inc.                                      1.50%           236         31.76       7,495
VLY       Valley National Bancorp                                      1.50%         1,133          6.62       7,500
WAFD      WaFd Inc                                                     0.34%            60         27.99       1,679
WTFC      Wintrust Financial Corporation                               0.67%            35         96.46       3,376
ZION      Zions Bancorporation                                         0.66%            78         42.59       3,322
Health Care (2.65%):
DVA       DaVita Inc. *                                                0.30%            11        137.38       1,511
NEOG      Neogen Corporation *                                         0.67%           221         15.08       3,333
OGN       Organon & Co.                                                0.30%            75         20.14       1,511
ROIV      Roivant Sciences Ltd. +*                                     0.67%           311         10.72       3,334
TAK       Takeda Pharmaceutical Company Limited (ADR) +                0.40%           152         13.18       2,003
THC       Tenet Healthcare Corporation *                               0.31%            12        129.27       1,551
Industrials (1.94%):
AER       AerCap Holdings N.V. +                                       0.32%            17         93.19       1,584
CSL       Carlisle Companies Incorporated                              0.33%             4        410.13       1,641
FIX       Comfort Systems USA, Inc.                                    0.30%             5        302.12       1,511
CNXC      Concentrix Corporation                                       0.67%            51         66.01       3,367
STRL      Sterling Infrastructure Inc. *                               0.32%            14        113.03       1,582
Information Technology (17.99%):
AMAT      Applied Materials, Inc.                                      3.79%            77        246.29      18,964
APP       Applovin Corp. (Class A) *                                   0.31%            18         85.18       1,533
AVT       Avnet, Inc.                                                  0.67%            65         51.37       3,339
CLS       Celestica Inc. +*                                            0.31%            26         59.17       1,538
CRUS      Cirrus Logic, Inc. *                                         0.31%            12        130.43       1,565
DELL      Dell Technologies Inc. (Class C)                             1.84%            63        145.97       9,196
GDDY      GoDaddy Inc. (Class A) *                                     0.32%            11        143.65       1,580
LRCX      Lam Research Corporation                                     2.64%            12      1,101.61      13,219
NTAP      NetApp, Inc.                                                 0.31%            12        130.12       1,561
TSM       Taiwan Semiconductor Manufacturing Company Ltd. (ADR) +      7.49%           201        186.63      37,513
Materials (2.29%):
MT        ArcelorMittal (ADR) +                                        0.40%            87         23.00       2,001
FMC       FMC Corporation                                              1.49%           133         56.23       7,479
VALE      Vale S.A. (ADR) +                                            0.40%           174         11.48       1,998

Page 27


                       Schedule of Investments (cont'd.)

              Target Focus Four Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024


                                                                     Percentage
                                                                     of Aggregate    Number    Market       Cost of
Ticker Symbol and                                                    Offering        of        Value per    Securities to
Name of Issuer of Securities (1)(3)                                  Price           Shares    Share        the Trust (2)
___________________________________                                  ____________    ______    _________    _____________
Real Estate (2.33%):
AKR       Acadia Realty Trust (4)                                      0.33%            90     $   18.45    $  1,661
KRG       Kite Realty Group Trust (4)                                  0.66%           150         22.16       3,324
SBRA      Sabra Health Care REIT, Inc. (4)                             0.67%           218         15.31       3,338
VNO       Vornado Realty Trust (4)                                     0.67%           127         26.30       3,340
Utilities (14.47%):
AVA       Avista Corporation                                           1.83%           273         33.57       9,165
BKH       Black Hills Corporation                                      2.15%           202         53.42      10,791
D         Dominion Energy, Inc.                                        1.50%           152         49.33       7,498
ETR       Entergy Corporation                                          1.51%            72        104.75       7,542
NWE       NorthWestern Corporation                                     2.16%           222         48.75      10,822
OGS       ONE Gas, Inc.                                                0.67%            54         62.22       3,360
POR       Portland General Electric Company                            0.67%            79         42.44       3,353
SWX       Southwest Gas Holdings, Inc.                                 1.50%           107         70.00       7,490
SR        Spire Inc.                                                   0.66%            56         59.15       3,312
UGI       UGI Corporation                                              1.50%           337         22.23       7,492
VST       Vistra Corp.                                                 0.32%            17         92.88       1,579
                                                                     _______                                ________
             Total Investments                                       100.00%                                $500,920
                                                                     =======                                ========
______________________

See "Notes to Schedules of Investments" on page 36.

Page 28


                            Schedule of Investments

       Target Global Dividend Leaders Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024


                                                                     Percentage
                                                                     of Aggregate    Number    Market       Cost of
Ticker Symbol and                                                    Offering        of        Value per    Securities to
Name of Issuer of Securities (1)(3)                                  Price           Shares    Share        the Trust (2)
___________________________________                                  ____________    ______    _________    _____________
COMMON STOCKS (100%):
Communication Services (10%):
T           AT&T Inc.                                                  2%             185      $ 18.81      $  3,480
CCOI        Cogent Communications Holdings, Inc.                       2%              61        57.14         3,486
KT          KT Corporation (ADR) +                                     2%             264        13.19         3,482
SKM         SK Telecom Co., Ltd. (ADR) +                               2%             168        20.71         3,479
TKC         Turkcell Iletisim Hizmetleri A.S. (ADR) +                  2%             429         8.11         3,479
Consumer Discretionary (12%):
DDS         Dillard's, Inc. (Class A)                                  2%               8       432.36         3,459
GES         GUESS?, Inc. +                                             2%             165        21.04         3,472
HMC         Honda Motor Co., Ltd. (ADR) +                              2%             109        31.82         3,468
JWN         Nordstrom, Inc.                                            2%             164        21.27         3,488
STLA        Stellantis N.V. +                                          2%             179        19.48         3,487
TNL         Travel + Leisure Co.                                       2%              80        43.32         3,466
Consumer Staples (6%):
AGRO        Adecoagro S.A. +                                           2%             356         9.78         3,482
MO          Altria Group, Inc.                                         2%              75        46.02         3,451
CALM        Cal-Maine Foods, Inc.                                      2%              55        62.87         3,458
Energy (16%):
BWLP        BW LPG Limited +                                           2%             195        17.85         3,481
FANG        Diamondback Energy, Inc.                                   2%              17       203.35         3,457
HAFN        Hafnia Limited +                                           2%             441         7.89         3,479
KNTK        Kinetik Holdings Inc.                                      2%              82        42.21         3,461
NOG         Northern Oil and Gas, Inc.                                 2%              90        38.82         3,494
TNK         Teekay Tankers Ltd. (Class A) +                            2%              53        64.99         3,444
TRMD        TORM Plc (Class A) +                                       2%              92        37.96         3,492
VLO         Valero Energy Corporation                                  2%              24       147.96         3,551
Financials (14%):
ABR         Arbor Realty Trust, Inc. (4)                               1%             117        14.89         1,742
CINF        Cincinnati Financial Corporation                           2%              30       116.68         3,500
ACT         Enact Holdings, Inc.                                       2%             115        30.19         3,472
FINV        FinVolution Group (ADR) (5) +                              2%             726         4.79         3,478
JXN         Jackson Financial Inc. (Class A)                           2%              47        73.25         3,443
QFIN        Qifu Technolgy Inc. (Class A) (ADR) (5) +                  2%             180        19.30         3,474
RDN         Radian Group Inc.                                          2%             112        31.05         3,478
RITM        Rithm Capital Corp. (4)                                    1%             164        10.59         1,737
Health Care (2%):
OGN         Organon & Co.                                              2%             173        20.14         3,484
Industrials (6%):
CMRE        Costamare Inc. +                                           2%             226        15.40         3,480
DAC         Danaos Corporation +                                       2%              40        87.63         3,505
GOGL        Golden Ocean Group Limited +                               2%             262        13.25         3,472

Page 29


                       Schedule of Investments (cont'd.)

       Target Global Dividend Leaders Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024


                                                                     Percentage
                                                                     of Aggregate    Number    Market       Cost of
Ticker Symbol and                                                    Offering        of        Value per    Securities to
Name of Issuer of Securities (1)(3)                                  Price           Shares    Share        the Trust (2)
___________________________________                                  ____________    ______    _________    _____________
Information Technology (4%):
HPQ         HP Inc.                                                    2%              98      $ 35.32      $  3,461
UMC         United Microelectronics Corporation (ADR) +                2%             402         8.66         3,481
Materials (4%):
ARCH        Arch Resources Inc.                                        2%              21       164.28         3,450
RIO         Rio Tinto Plc (ADR) +                                      2%              52        67.17         3,493
Real Estate (18%):
ALX         Alexander's, Inc. (4)                                      1%               8       224.74         1,798
AVB         AvalonBay Communities, Inc. (4)                            1%               9       203.12         1,828
BNL         Broadstone Net Lease, Inc. (4)                             1%             109        15.98         1,742
CPT         Camden Property Trust (4)                                  1%              16       108.03         1,728
EQR         Equity Residential (4)                                     1%              26        67.99         1,768
ESS         Essex Property Trust, Inc. (4)                             1%               6       273.10         1,639
HIW         Highwoods Properties, Inc. (4)                             1%              66        26.32         1,737
HST         Host Hotels & Resorts, Inc. (4)                            1%              98        17.69         1,734
IIPR        Innovative Industrial Properties, Inc. (4)                 1%              16       109.18         1,747
LAMR        Lamar Advertising Company (4)                              1%              15       118.82         1,782
LTC         LTC Properties, Inc. (4)                                   1%              51        34.31         1,750
NHI         National Health Investors, Inc. (4)                        1%              25        68.88         1,722
NSA         National Storage Affiliates Trust (4)                      1%              43        40.78         1,754
SPG         Simon Property Group, Inc. (4)                             1%              12       146.87         1,762
SITC        SITE Centers Corp. (4)                                     1%             120        14.44         1,733
SHO         Sunstone Hotel Investors, Inc. (4)                         1%             171        10.16         1,737
UDR         UDR, Inc. (4)                                              1%              43        40.82         1,755
UE          Urban Edge Properties (4)                                  1%              96        18.09         1,737
Utilities (8%):
BEPC        Brookfield Renewable Corporation (Class A) +               2%             120        29.09         3,491
CIG         Companhia Energetica de Minas Gerais-CEMIG (ADR) +         2%           1,851         1.88         3,480
ETR         Entergy Corporation                                        2%              33       104.75         3,457
NFG         National Fuel Gas Company                                  2%              64        54.52         3,489
                                                                     ____                                   ________
                 Total Investments                                   100%                                   $174,016
                                                                     ====                                   ========
______________________

See "Notes to Schedules of Investments" on page 36.


Page 30


                            Schedule of Investments

               Target Growth Portfolio, 3rd Quarter 2024 Series
                                   FT 11570

    At the Opening of Business on the Initial Date of Deposit-July 9, 2024


                                                                     Percentage
                                                                     of Aggregate    Number    Market       Cost of
Ticker Symbol and                                                    Offering        of        Value per    Securities to
Name of Issuer of Securities (1)(3)                                  Price           Shares    Share        the Trust (2)
___________________________________                                  ____________    ______    _________    _____________
COMMON STOCKS (100.00%):
Communication Services (10.22%):
GOOGL     Alphabet Inc. (Class A)                                      3.29%            24     $  189.03    $  4,537
META      Meta Platforms Inc. (Class A)                                3.45%             9        529.32       4,764
NFLX      Netflix, Inc. *                                              3.48%             7        685.74       4,800
Consumer Discretionary (20.08%):
ANF       Abercrombie & Fitch Co. (Class A) *                          3.36%            26        178.53       4,642
CPNG      Coupang, Inc. *                                              3.33%           215         21.41       4,603
CROX      Crocs, Inc. *                                                3.35%            32        144.52       4,625
DECK      Deckers Outdoor Corporation *                                3.45%             5        952.70       4,763
MMYT      MakeMyTrip Limited +*                                        3.33%            53         86.66       4,593
RCL       Royal Caribbean Cruises Ltd. +*                              3.26%            28        160.83       4,503
Consumer Staples (6.65%):
CELH      Celsius Holdings, Inc. *                                     3.33%            82         56.06       4,597
CL        Colgate-Palmolive Company                                    3.32%            47         97.58       4,586
Energy (3.27%):
WFRD      Weatherford International Plc +*                             3.27%            37        121.98       4,513
Financials (10.02%):
ACGL      Arch Capital Group Ltd. +*                                   3.35%            47         98.26       4,618
NU        Nu Holdings Ltd. (Class A) +*                                3.33%           358         12.84       4,597
PGR       The Progressive Corporation                                  3.34%            22        209.71       4,614
Health Care (9.87%):
DVA       DaVita Inc. *                                                3.28%            33        137.38       4,534
HALO      Halozyme Therapeutics, Inc. *                                3.31%            87         52.55       4,572
THC       Tenet Healthcare Corporation *                               3.28%            35        129.27       4,524
Industrials (20.05%):
FIX       Comfort Systems USA, Inc.                                    3.28%            15        302.12       4,532
DAL       Delta Air Lines, Inc.                                        3.32%            99         46.35       4,589
EME       EMCOR Group, Inc.                                            3.43%            13        363.84       4,730
FTAI      FTAI Aviation Ltd. +                                         3.32%            43        106.47       4,578
VRSK      Verisk Analytics, Inc. (Class A)                             3.36%            17        273.20       4,644
VRT       Vertiv Group Corp                                            3.34%            50         92.33       4,616
Information Technology (19.84%):
APPF      AppFolio, Inc. (Class A) *                                   3.29%            18        252.55       4,546
APP       Applovin Corp. (Class A) *                                   3.33%            54         85.18       4,600
FSLR      First Solar, Inc. *                                          3.29%            20        227.12       4,542
GDDY      GoDaddy Inc. (Class A) *                                     3.33%            32        143.65       4,597
NVDA      NVIDIA Corporation                                           3.34%            36        128.20       4,615
SMCI      Super Micro Computer, Inc. *                                 3.26%             5        899.34       4,497
                                                                     _______                                ________
            Total Investments                                        100.00%                                $138,071
                                                                     =======                                ========

___________

See "Notes to Schedules of Investments" on page 36.

Page 31


                            Schedule of Investments

                 Target VIP Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                               Percentage       Number   Market       Cost of
Ticker Symbol and                                                              of Aggregate     of       Value        Securities to
Name of Issuer of Securities (1)(3)                                            Offering Price   Shares   per Share    the Trust (2)
___________________________________                                            ______________   ______   _________    _____________
COMMON STOCKS (100.00%):
Communication Services (11.71%):
GOOGL           Alphabet Inc. (Class A)                                          4.59%            467    $  189.03    $   88,277
GOOG            Alphabet Inc. (Class C)                                          4.16%            419       190.48        79,811
META            Meta Platforms Inc. (Class A)                                    2.65%             96       529.32        50,815
TIGO            Millicom International Cellular S.A. +*                          0.17%            130        24.63         3,202
NFLX            Netflix, Inc. *                                                  0.14%              4       685.74         2,743
Consumer Discretionary (10.33%):
ABNB            Airbnb, Inc. (Class A) *                                         0.17%             22       151.96         3,343
BMW GY          Bayerische Motoren Werke (BMW) AG #                              0.84%            170        94.29        16,029
BJRI            BJ's Restaurants, Inc. *                                         0.25%            131        36.46         4,776
BKNG            Booking Holdings Inc.                                            1.45%              7     3,984.63        27,892
BKE             The Buckle, Inc.                                                 0.53%            280        36.34        10,175
CAL             Caleres, Inc.                                                    0.33%            192        32.79         6,296
CROX            Crocs, Inc. *                                                    0.17%             23       144.52         3,324
DKS             Dick's Sporting Goods, Inc.                                      0.17%             16       201.08         3,217
DPZ             Domino's Pizza, Inc.                                             0.18%              7       500.33         3,502
GIII            G-III Apparel Group, Ltd. *                                      0.35%            255        26.43         6,740
GM              General Motors Company                                           0.55%            228        46.55        10,613
HOV             Hovnanian Enterprises, Inc. (Class A) *                          0.24%             32       141.66         4,533
LZB             La-Z-Boy Incorporated                                            0.44%            227        37.51         8,515
MBG GY          Mercedes-Benz Group AG #                                         0.83%            226        70.77        15,994
PDD             PDD Holdings Inc. (ADR) +*                                       0.28%             40       134.68         5,387
PRDO            Perdoceo Education Corp.                                         0.41%            368        21.44         7,890
PHM             PulteGroup, Inc.                                                 0.41%             74       105.26         7,789
SAH             Sonic Automotive, Inc.                                           0.52%            189        52.72         9,964
STLAM IM        Stellantis N.V. #                                                0.83%            820        19.50        15,992
TOL             Toll Brothers, Inc.                                              0.17%             29       110.75         3,212
VOW GY          Volkswagen AG #                                                  0.84%            132       121.43        16,029
WINA            Winmark Corporation                                              0.37%             20       350.90         7,018
Consumer Staples (3.06%):
MO              Altria Group, Inc.                                               0.50%            208        46.02         9,572
BATS LN         British American Tobacco Plc #                                   0.83%            508        31.48        15,992
BG              Bunge Global S.A. +                                              0.10%             17       110.39         1,877
CHEF            The Chefs' Warehouse, Inc. *                                     0.49%            220        42.40         9,328
CL              Colgate-Palmolive Company                                        0.50%             99        97.58         9,660
SFM             Sprouts Farmers Market, Inc. *                                   0.17%             39        82.54         3,219
COCO            The Vita Coco Company, Inc. *                                    0.47%            317        28.52         9,041
Energy (3.36%):
LEU             Centrus Energy Corp. (Class A) *                                 0.19%             95        39.22         3,726
COP             ConocoPhillips                                                   0.31%             53       112.23         5,948
FANG            Diamondback Energy, Inc.                                         0.17%             16       203.35         3,254
ENI IM          Eni SpA #                                                        0.83%          1,033        15.48        15,989
EQNR NO         Equinor ASA #                                                    0.83%            576        27.77        15,995
MPC             Marathon Petroleum Corporation                                   0.14%             16       167.47         2,680
PSX             Phillips 66                                                      0.14%             19       135.95         2,583
WTTR            Select Water Solutions, Inc. (Class A)                           0.31%            581        10.27         5,967
WKC             World Kinect Corp.                                               0.44%            338        25.21         8,521

Page 32


                       Schedule of Investments (cont'd.)

                 Target VIP Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                               Percentage       Number   Market       Cost of
Ticker Symbol and                                                              of Aggregate     of       Value        Securities to
Name of Issuer of Securities (1)(3)                                            Offering Price   Shares   per Share    the Trust (2)
___________________________________                                            ______________   ______   _________    _____________
Financials (19.10%):
AFL             Aflac Incorporated                                               0.11%             24    $   88.52    $    2,124
AXP             American Express Company                                         3.33%            273       234.51        64,021
CS FP           AXA S.A. #                                                       0.83%            461        34.64        15,970
BANR            Banner Corporation                                               0.48%            192        47.81         9,180
BRK/B           Berkshire Hathaway Inc. (Class B) *                              1.94%             91       409.08        37,226
BNP FP          BNP Paribas S.A. #                                               0.83%            236        67.68        15,973
CABK SM         CaixaBank, S.A. #                                                0.83%          2,893         5.53        15,987
ACA FP          Credit Agricole S.A. #                                           0.83%          1,089        14.68        15,981
CUBI            Customers Bancorp, Inc. *                                        0.45%            178        48.06         8,555
ENVA            Enova International, Inc. *                                      0.49%            152        61.49         9,347
FI              Fiserv, Inc. *                                                   0.20%             25       150.98         3,775
GS              The Goldman Sachs Group, Inc.                                    3.34%            138       464.82        64,145
HCI             HCI Group, Inc.                                                  0.26%             59        85.58         5,049
HSBA LN         HSBC Holdings Plc #                                              0.83%          1,855         8.62        15,987
INGA NA         ING Groep N.V. #                                                 0.83%            892        17.92        15,988
ISP IM          Intesa Sanpaolo SpA #                                            0.83%          4,143         3.86        15,989
NDA FH          Nordea Bank Abp #                                                0.83%          1,345        11.89        15,990
CASH            Pathward Financial Inc.                                          0.42%            141        56.90         8,023
TFIN            Triumph Financial, Inc. *                                        0.55%            130        81.66        10,616
VRTS            Virtus Investment Partners, Inc.                                 0.46%             40       222.08         8,883
WT              WisdomTree, Inc.                                                 0.43%            827         9.88         8,171
Health Care (7.39%):
ANIP            ANI Pharmaceuticals, Inc. *                                      0.35%            108        62.36         6,735
CPRX            Catalyst Pharmaceuticals, Inc. *                                 0.53%            654        15.45        10,104
COLL            Collegium Pharmaceutical, Inc. *                                 0.31%            186        31.90         5,933
DVA             DaVita Inc. *                                                    0.17%             24       137.38         3,297
HCA             HCA Healthcare, Inc.                                             0.87%             53       316.21        16,759
JNJ             Johnson & Johnson                                                3.33%            440       145.48        64,011
MNKD            MannKind Corporation *                                           0.41%          1,461         5.39         7,875
MCK             McKesson Corporation                                             0.80%             26       589.53        15,328
MTD             Mettler-Toledo International Inc. +*                             0.28%              4     1,330.00         5,320
OGN             Organon & Co.                                                    0.17%            159        20.14         3,202
THC             Tenet Healthcare Corporation *                                   0.17%             25       129.27         3,232
Industrials (14.85%):
AER             AerCap Holdings N.V. +                                           0.17%             35        93.19         3,262
AMWD            American Woodmark Corporation *                                  0.36%             87        78.22         6,805
CSL             Carlisle Companies Incorporated                                  0.17%              8       410.13         3,281
CAT             Caterpillar Inc.                                                 3.33%            194       329.06        63,838
FIX             Comfort Systems USA, Inc.                                        0.17%             11       302.12         3,323
CXW             CoreCivic, Inc. *                                                0.43%            626        13.28         8,313
DNOW            DNOW Inc. *                                                      0.40%            590        13.09         7,723
GBX             The Greenbrier Companies, Inc.                                   0.44%            193        44.14         8,519
HON             Honeywell International Inc.                                     3.33%            302       211.63        63,912
HURN            Huron Consulting Group Inc. *                                    0.48%             93        98.30         9,142
JBI             Janus International Group, Inc. *                                0.53%            832        12.12        10,084
MLKN            MillerKnoll Inc.                                                 0.55%            398        26.53        10,559
OTIS            Otis Worldwide Corporation                                       0.50%             98        97.40         9,545
PCAR            PACCAR Inc                                                       0.17%             32       101.28         3,241
ROL             Rollins, Inc.                                                    0.31%            120        49.92         5,990

Page 33


                       Schedule of Investments (cont'd.)

                 Target VIP Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                               Percentage       Number   Market       Cost of
Ticker Symbol and                                                              of Aggregate     of       Value        Securities to
Name of Issuer of Securities (1)(3)                                            Offering Price   Shares   per Share    the Trust (2)
___________________________________                                            ______________   ______   _________    _____________
Industrials (cont'd.):
SXI             Standex International Corporation                                0.54%             66    $  157.65    $   10,405
SCS             Steelcase Inc.                                                   0.43%            639        12.91         8,250
STRL            Sterling Infrastructure Inc. *                                   0.17%             29       113.03         3,278
TNC             Tennant Company                                                  0.54%            105        99.12        10,408
UPWK            Upwork Inc. *                                                    0.43%            730        11.19         8,169
VOLVB SS        Volvo AB (Class B) #                                             0.83%            634        25.21        15,984
GWW             W.W. Grainger, Inc.                                              0.57%             12       917.35        11,008
Information Technology (25.92%):
ACMR            ACM Research, Inc. (Class A) *                                   0.44%            356        23.54         8,380
AMAT            Applied Materials, Inc.                                          5.53%            431       246.29       106,151
APP             Applovin Corp. (Class A) *                                       0.17%             38        85.18         3,237
ASML            ASML Holding N.V. (New York Registry Shares) +                   0.62%             11     1,077.39        11,851
CLS             Celestica Inc. +*                                                0.17%             55        59.17         3,254
CRUS            Cirrus Logic, Inc. *                                             0.17%             25       130.43         3,261
DELL            Dell Technologies Inc. (Class C)                                 1.03%            135       145.97        19,706
GDDY            GoDaddy Inc. (Class A) *                                         0.49%             66       143.65         9,481
KLAC            KLA Corporation                                                  0.18%              4       866.55         3,466
LRCX            Lam Research Corporation                                         3.96%             69     1,101.61        76,011
MSFT            Microsoft Corporation                                            4.15%            171       466.24        79,727
NTAP            NetApp, Inc.                                                     0.17%             25       130.12         3,253
NVDA            NVIDIA Corporation                                               4.16%            623       128.20        79,869
NXPI            NXP Semiconductors N.V. +                                        0.17%             12       277.22         3,327
QCOM            QUALCOMM Incorporated                                            0.35%             32       207.89         6,652
TSM             Taiwan Semiconductor Manufacturing Company Ltd. (ADR) +          4.16%            428       186.63        79,878
Materials (2.28%):
BAS GY          BASF SE #                                                        0.83%            329        48.64        16,003
KALU            Kaiser Aluminum Corporation                                      0.41%             87        90.44         7,868
METC            Ramaco Resources, Inc. (Class A)                                 0.21%            278        14.64         4,070
RIO LN          Rio Tinto Plc #                                                  0.83%            240        66.68        16,002
Utilities (2.00%):
CEG             Constellation Energy Corporation                                 0.17%             15       215.73         3,236
ENEL IM         Enel SpA #                                                       0.83%          2,214         7.22        15,992
NG/ LN          National Grid Plc #                                              0.83%          1,344        11.89        15,984
VST             Vistra Corp.                                                     0.17%             35        92.88         3,251
                                                                               _______                                __________
                     Total Investments                                         100.00%                                $1,920,155
                                                                               =======                                ==========

___________

See "Notes to Schedules of Investments" on page 36.

Page 34


                            Schedule of Investments

          Value Line(R) Target 25 Portfolio, 3rd Quarter 2024 Series
                                    FT 11570

     At the Opening of Business on the Initial Date of Deposit-July 9, 2024

                                                                         Percentage
                                                                         of Aggregate    Number    Market        Cost of
Ticker Symbol and                                                        Offering        of        Value per     Securities to
Name of Issuer of Securities (1) (3)                                     Price           Shares    Share         the Trust (2)
____________________________________                                     ____________    ______    _________     _____________
COMMON STOCKS (100.00%):
Communication Services (25.94%):
GOOG        Alphabet Inc. (Class C)                                       24.93%         355       $  190.48     $ 67,620
TIGO        Millicom International Cellular S.A. +*                        1.01%         111           24.63        2,734
Consumer Discretionary (7.39%):
CROX        Crocs, Inc. *                                                  1.01%          19          144.52        2,746
DKS         Dick's Sporting Goods, Inc.                                    1.04%          14          201.08        2,815
GM          General Motors Company                                         3.31%         193           46.55        8,984
PHM         PulteGroup, Inc.                                               1.01%          26          105.26        2,737
TOL         Toll Brothers, Inc.                                            1.02%          25          110.75        2,769
Consumer Staples (1.00%):
SFM         Sprouts Farmers Market, Inc. *                                 1.00%          33           82.54        2,724
Health Care (3.01%):
DVA         DaVita Inc. *                                                  1.01%          20          137.38        2,748
OGN         Organon & Co.                                                  1.00%         135           20.14        2,719
THC         Tenet Healthcare Corporation *                                 1.00%          21          129.27        2,715
Industrials (4.09%):
AER         AerCap Holdings N.V. +                                         1.03%          30           93.19        2,796
CSL         Carlisle Companies Incorporated                                1.06%           7          410.13        2,871
FIX         Comfort Systems USA, Inc.                                      1.00%           9          302.12        2,719
STRL        Sterling Infrastructure Inc. *                                 1.00%          24          113.03        2,713
Information Technology (57.54%):
AMAT        Applied Materials, Inc.                                       12.53%         138          246.29       33,988
APP         Applovin Corp. (Class A) *                                     1.00%          32           85.18        2,726
CLS         Celestica Inc. +*                                              1.00%          46           59.17        2,722
CRUS        Cirrus Logic, Inc. *                                           1.01%          21          130.43        2,739
DELL        Dell Technologies Inc. (Class C)                               6.13%         114          145.97       16,640
GDDY        GoDaddy Inc. (Class A) *                                       1.01%          19          143.65        2,729
LRCX        Lam Research Corporation                                       8.94%          22        1,101.61       24,235
NTAP        NetApp, Inc.                                                   1.01%          21          130.12        2,732
TSM         Taiwan Semiconductor Manufacturing Company Ltd.
            (ADR) +                                                       24.91%         362          186.63       67,560
Utilities (1.03%):
VST         Vistra Corp.                                                   1.03%          30           92.88        2,786
                                                                         _______                                 ________
                 Total Investments                                       100.00%                                 $271,267
                                                                         =======                                 ========

___________

See "Notes to Schedules of Investments" on page 36.

Page 35


                       NOTES TO SCHEDULES OF INVESTMENTS

(1) All Securities are represented by regular way contracts to purchase such
Securities which are backed by an irrevocable letter of credit deposited with
the Trustee. The Sponsor entered into purchase contracts for the Securities on
July 9, 2024. Such purchase contracts are expected to settle within two
business days.

(2) The cost of the Securities to a Trust represents the aggregate underlying
value with respect to the Securities acquired-generally determined by the
closing sale prices of the Securities on the applicable exchange (where
applicable, converted into U.S. dollars at the exchange rate at the Evaluation
Time) at the Evaluation Time on the business day prior to the Initial Date of
Deposit. The Sponsor at its discretion, may make adjustments to the prices of
Securities held by a Trust if an event occurs after the close of the market on
which a Security normally trades but before the Evaluation Time, depending on
the nature and significance of the event, consistent with applicable
regulatory guidance relating to fair value pricing. The cost of Securities to
a Trust may not compute due to rounding the market value per share. The
valuation of the Securities has been determined by the Sponsor. In accordance
with Financial Accounting Standards Board Accounting Standards Codification
820, "Fair Value Measurement," each Trust's investments are classified as
Level 1, which refers to securities traded in an active market. The cost of
the Securities to the Sponsor and the Sponsor's profit or loss (which is the
difference between the cost of the Securities to the Sponsor and the cost of
the Securities to a Trust) are set forth below:

                                                                          Cost of Securities    Profit
                                                                          to Sponsor            (Loss)
                                                                          __________________   ________
The Dow(R) Target Dividend Portfolio, 3rd Quarter 2024 Series             $  167,427           $   313
S&P Dividend Aristocrats Target 25 Portfolio, 3rd Quarter 2024 Series        161,664               319
S&P Target 24 Portfolio, 3rd Quarter 2024 Series                             280,416              (825)
S&P Target SMid 60 Portfolio, 3rd Quarter 2024 Series                        124,613               171
Target Diversified Dividend Portfolio, 3rd Quarter 2024 Series               146,226               245
Target Focus Four Portfolio, 3rd Quarter 2024 Series                         500,768               152
Target Global Dividend Leaders Portfolio, 3rd Quarter 2024 Series            173,848               168
Target Growth Portfolio, 3rd Quarter 2024 Series                             138,480              (409)
Target VIP Portfolio, 3rd Quarter 2024 Series                              1,925,580            (5,425)
Value Line(R) Target 25 Portfolio, 3rd Quarter 2024 Series                   272,664            (1,397)


(3) Common stocks of companies headquartered or incorporated outside the
United States comprise the approximate percentage of the investments of the
Trusts as indicated:

The Dow(R) Target Dividend Portfolio, 3rd Quarter 2024 Series, 5.00%
    (consisting of United Kingdom, 5.00%).

S&P Dividend Aristocrats Target 25 Portfolio, 3rd Quarter 2024 Series, 12.00%
    (consisting of Ireland, 4.00%; Switzerland, 4.00% and United Kingdom, 4.00%).

S&P Target 24 Portfolio, 3rd Quarter 2024 Series, 2.49%
    (consisting of Switzerland, 2.49%).

S&P Target SMid 60 Portfolio, 3rd Quarter 2024 Series, 11.16%
    (consisting of Bermuda, 6.71%; Ireland, 2.23% and United Kingdom, 2.22%).

Target Diversified Dividend Portfolio, 3rd Quarter 2024 Series, 17.53%
    (consisting of Canada, 5.01%; Cayman Islands, 2.50%; Greece, 5.02%; Marshall
    Islands, 2.50% and United Kingdom, 2.50%).

Target Focus Four Portfolio, 3rd Quarter 2024 Series, 23.22%
    (consisting of Australia, 0.40%; Bermuda, 1.99%; Brazil, 0.80%; Canada, 0.71%;
    Colombia, 0.40%; France, 0.80%; Germany, 0.40%; Ireland, 0.98%; Italy, 0.40%;
    Japan, 1.21%; Luxembourg, 0.70%; The Netherlands, 0.40%; Norway, 0.40%; Spain,
    1.20%; Switzerland, 0.40%; Taiwan, 7.49% and United Kingdom, 4.54%).

Target Global Dividend Leaders Portfolio, 3rd Quarter 2024 Series, 40.00%
    (consisting of Argentina, 2.00%; Brazil, 2.00%; Canada, 4.00%; China, 4.00%;
    Greece, 2.00%; Japan, 2.00%; Monaco, 2.00%; The Netherlands, 2.00%; Norway,
    2.00%; Singapore, 4.00%; South Korea, 4.00%; Switzerland, 2.00%; Taiwan,
    2.00%; Turkey, 2.00% and United Kingdom, 4.00%).

Target Growth Portfolio, 3rd Quarter 2024 Series, 19.86%
    (consisting of Bermuda, 3.35%; Brazil, 3.33%; Cayman Islands, 3.32%; India,
    3.33%; Ireland, 3.27% and Liberia, 3.26%).

Target VIP Portfolio, 3rd Quarter 2024 Series, 22.74%
    (consisting of Canada, 0.17%; Finland, 0.83%; France, 2.49%; Germany, 3.34%;
    Ireland, 0.45%; Italy, 2.49%; Luxembourg, 0.17%; The Netherlands, 2.45%;
    Norway, 0.83%; Spain, 0.83%; Sweden, 0.83%; Switzerland, 0.38%; Taiwan, 4.16%
    and United Kingdom, 3.32%).

Value Line(R) Target 25 Portfolio, 3rd Quarter 2024 Series, 27.95%
    (consisting of Canada, 1.00%; Ireland, 1.03%; Luxembourg, 1.01% and Taiwan,
    24.91%).

Page 36


(4) This Security represents the common stock of a Real Estate Investment
Trust ("REIT"). REITs which invest in mortgage loans and mortgage-backed
securities are included in the Financials sector whereas REITs which directly
hold real estate properties are included in the Real Estate sector. REITs
comprise the approximate percentage of the investments of the Trusts as
indicated:

   S&P Target SMid 60 Portfolio, 3rd Quarter 2024 Series, 13.31%
   Target Focus Four Portfolio, 3rd Quarter 2024 Series, 3.98%
   Target Global Dividend Leaders Portfolio, 3rd Quarter 2024 Series, 20.00%

(5) This Security represents the common stock of a variable interest entity
("VIE"). VIEs comprise approximately 4.00% of the investments of the Target
Global Dividend Leaders Portfolio, 3rd Quarter 2024 Series.

+ This Security represents the common stock of a foreign company which trades
directly or through an American Depositary Receipt/ADR or New York Registry
Share on the over-the-counter market or on a U.S. national securities exchange.

# This Security represents the common stock of a foreign company which trades
on a foreign securities exchange.

* This Security represents a non-income producing security.

Page 37


                        The FT Series

The FT Series Defined.

We, First Trust Portfolios L.P. (the "Sponsor"), have created hundreds of
similar yet separate series of a unit investment trust which we have named the
FT Series. The series to which this prospectus relates, FT 11570, consists of
10 separate portfolios set forth below:

- Dow(R) Target Dvd. 3Q '24 - Term 10/9/25
(The Dow(R) Target Dividend Portfolio, 3rd Quarter 2024 Series)

- S&P Dvd. Aristocrats Target 25 3Q '24 - Term 10/9/25
(S&P Dividend Aristocrats Target 25 Portfolio, 3rd Quarter 2024 Series)

- S&P Target 24 3Q '24 - Term 10/9/25
(S&P Target 24 Portfolio, 3rd Quarter 2024 Series)

- S&P Target SMid 60 3Q '24 - Term 10/9/25
(S&P Target SMid 60 Portfolio, 3rd Quarter 2024 Series)

- Target Divsd. Dvd. 3Q '24 - Term 10/9/25
(Target Diversified Dividend Portfolio, 3rd Quarter 2024 Series)

- Target Focus 4 3Q '24 - Term 10/9/25
(Target Focus Four Portfolio, 3rd Quarter 2024 Series)

- Target Global Dvd. Leaders 3Q '24 - Term 10/9/25
(Target Global Dividend Leaders Portfolio, 3rd Quarter 2024 Series)

- Target Growth 3Q '24 - Term 10/9/25
(Target Growth Portfolio, 3rd Quarter 2024 Series)

- Target VIP 3Q '24 - Term 10/9/25
(Target VIP Portfolio, 3rd Quarter 2024 Series)

- Value Line(R) Target 25 3Q '24 - Term 10/9/25
(Value Line(R) Target 25 Portfolio, 3rd Quarter 2024 Series)

Each Trust was created under the laws of the State of New York by a Trust
Agreement (the "Indenture") dated the Initial Date of Deposit. This agreement,
entered into among First Trust Portfolios L.P., as Sponsor, The Bank of New
York Mellon as Trustee and First Trust Advisors L.P. as Portfolio Supervisor,
governs the operation of the Trusts.

YOU MAY GET MORE SPECIFIC DETAILS CONCERNING THE NATURE, STRUCTURE AND RISKS OF
THIS PRODUCT IN AN "INFORMATION SUPPLEMENT" BY CALLING THE SPONSOR AT
800-621-1675, DEPT. CODE 2.

How We Created the Trusts.

On the Initial Date of Deposit, we deposited portfolios of common stocks with
the Trustee and, in turn, the Trustee delivered documents to us representing
our ownership of the Trusts in the form of units ("Units").

After the Initial Date of Deposit, we may deposit additional Securities in a
Trust, or cash (including a letter of credit or the equivalent) with
instructions to buy more Securities, to create new Units for sale. If we
create additional Units, we will attempt, to the extent practicable, to
maintain the percentage relationship established among the Securities on the
Initial Date of Deposit (as set forth in "Schedule of Investments" for each
Trust), adjusted to reflect the sale, redemption or liquidation of any of the
Securities or any stock split or a merger or other similar event affecting the
issuer of the Securities.

Since the prices of the Securities will fluctuate daily, the ratio of
Securities in a Trust, on a market value basis, will also change daily. The
portion of Securities represented by each Unit will not change as a result of
the deposit of additional Securities or cash in a Trust. If we deposit cash,
you and new investors may experience a dilution of your investment. This is
because prices of Securities will fluctuate between the time of the cash
deposit and the purchase of the Securities, and because the Trusts pay the
associated brokerage fees. To reduce this dilution, the Trusts will try to buy
the Securities as close to the Evaluation Time and as close to the evaluation
price as possible. In addition, because the Trusts pay the brokerage fees
associated with the creation of new Units and with the sale of Securities to
meet redemption and exchange requests, frequent redemption and exchange
activity will likely result in higher brokerage expenses.

An affiliate of the Trustee may receive these brokerage fees or the Trustee
may retain and pay us (or our affiliate) to act as agent for a Trust to buy
Securities. If we or an affiliate of ours act as agent to a Trust, we will be
subject to the restrictions under the Investment Company Act of 1940, as
amended (the "1940 Act"). When acting in an agency capacity, we may select
various broker/dealers to execute securities transactions on behalf of the
Trusts, which may include broker/dealers who sell Units of the Trusts. We do
not consider sales of Units of the Trusts or any other products sponsored by
First Trust as a factor in selecting such broker/dealers.

We cannot guarantee that a Trust will keep its present size and composition
for any length of time. Securities may be periodically sold under certain
circumstances to satisfy Trust obligations, to meet redemption requests and,
as described in "Removing Securities from a Trust," to maintain the sound
investment character of a Trust, and the proceeds received by a Trust will be
used to meet Trust obligations or distributed to Unit holders. However,
Securities will not be sold to take advantage of market fluctuations or
changes in anticipated rates of appreciation or depreciation, or if they no
longer meet the criteria by which they were selected. You will not be able to
dispose of or vote any of the Securities in the Trusts. As the holder of the
Securities, the Trustee will vote the Securities and, except as described in
"Removing Securities from a Trust," will endeavor to vote the Securities such
that the Securities are voted as closely as possible in the same manner and
the same general proportion as are the Securities held by owners other than
such Trust.

Page 38


Neither we nor the Trustee will be liable for a failure in any of the
Securities. However, if a contract for the purchase of any of the Securities
initially deposited in a Trust fails, unless we can purchase substitute
Securities ("Replacement Securities") we will refund to you that portion of
the purchase price and transactional sales charge resulting from the failed
contract on the next Distribution Date. Any Replacement Security a Trust
acquires will be identical to those from the failed contract.

                         Portfolios

Objective.

Each Trust seeks above-average total return. To achieve this objective, each
Trust will invest in the common stocks of companies which are selected by
applying a unique specialized strategy. While the Trusts seek above-average
total return, each follows a different investment strategy. We cannot
guarantee that a Trust will achieve its objective or that a Trust will make
money once expenses are deducted. Under normal circumstances, the Dow(R)
Target Dividend Portfolio, S&P Dividend Aristocrats Target 25 Portfolio,
Target Diversified Dividend Portfolio and Target Global Dividend Leaders
Portfolio will invest at least 80% of their assets in dividend-paying
securities and the S&P Target SMid 60 Portfolio will invest at least 80% of
its assets in small and/or mid capitalization companies. Under normal
circumstances, the Target Global Dividend Leaders Portfolio will invest at
least 40% of its assets in non-U.S. securities.

The Dow(R) Target Dividend Portfolio is concentrated (i.e., invest 25% or more
of Trust assets) in stocks of companies within the financials and utilities
sectors. The S&P Dividend Aristocrats Target 25 Portfolio is concentrated in
stocks of companies within the industrials sector. The S&P Target 24 Portfolio
and the Target VIP Portfolio are concentrated in stocks of companies within
the information technology sector. The S&P Target SMid 60 Portfolio and the
Target Focus Four Portfolio are concentrated in stocks of companies within the
financials sector. The Value Line(R) Target 25 Portfolio is concentrated in
stocks of companies within the communication services and information
technology sectors.

Portfolio Selection Process.

            The Dow(R) Target Dividend Portfolio

The Dow(R) Target Dividend Strategy selects a portfolio of the 20 stocks from
the Dow Jones U.S. Select Dividend Index(sm) with the best overall ranking on
both the change in return on assets over the last 12 months and price to book
as a means to seek to achieve its investment objective.

The Dow(R) Target Dividend Strategy stocks are determined as follows:

Step 1: We rank all 100 stocks contained in the Dow Jones U.S. Select Dividend
Index(sm) as of two business days prior to the date of this prospectus (best
[1] to worst [100]) by the following equally-weighted factors:

- Change in return on assets over the last 12 months. An increase in return on
assets is generally used as an indication of improving business fundamentals
and would receive a higher ranking than a stock with a negative change in
return on assets.

- Price to book. A lower, but positive, price to book ratio is generally used
as an indication of value.

Step 2: We then select an equally-weighted portfolio of the 20 stocks with the
best overall combined ranking on the two factors for The Dow(R) Target
Dividend Strategy. In the event of a tie, the stock with the better price to
book ratio is selected.

Companies which, as of the business day prior to the Initial Date of Deposit,
Dow Jones has announced will be removed from the Dow Jones U.S. Select
Dividend Index(sm), or that are likely to be removed, based on Dow Jones
selection criteria, from the Dow Jones U.S. Select Dividend Index(sm) within
thirty days from the selection date, have been removed from the universe of
securities from which The Dow(R) Target Dividend Strategy stocks are selected.

        S&P Dividend Aristocrats Target 25 Portfolio

The S&P Dividend Aristocrats Target 25 Strategy invests in companies from the
S&P 500(R) Dividend Aristocrats(R) Index. The index consists of companies from
the S&P 500(R) Index that have increased dividends every year for the last 25
consecutive years. The S&P Dividend Aristocrats Target 25 Strategy stocks are
determined as follows:

Step 1: We begin with all stocks contained in the S&P 500(R) Dividend
Aristocrats(R) Index as of two business days prior to the date of this
prospectus. Regulated investment companies, limited partnerships and business
development companies are not eligible for selection.

Step 2: We rank each stock on three equally-weighted factors:

- Debt to equity. Compares a company's long-term debt to their stockholder's
equity. Higher levels of this ratio are associated with higher risk, lower
levels with lower risk.

Page 39


- Price to cash flow. Measures the cost of a company's stock for every dollar
of cash flow generated. A lower, but positive, ratio indicates investors are
paying less for the cash flow generated which can be a sign of value.

- Return on assets. Compares a company's net income to its total assets. The
ratio shows how efficiently a company generates net income from its assets.

Step 3: We rank each of the companies by their combined factor scores.

Step 4: We select an approximately equally-weighted portfolio of the best
scoring 25 stocks with a maximum of seven stocks from any one of the major
Global Industry Classification Standard ("GICS(R)") market sectors. If more
than seven stocks from any one of the major GICS(R) sectors are selected,
these stocks are excluded and replaced with the next best scoring stocks which
satisfy the criteria set forth above. In the event of a tie, the stock with
the better return-on-assets ratio is selected.

                   S&P Target 24 Portfolio

The S&P Target 24 Strategy selects a portfolio of 24 common stocks from the
S&P 500(R) Index which are based on the following steps:

Step 1: All of the economic sectors in the S&P 500(R) Index are ranked by
market capitalization as of two business days prior to the date of this
prospectus and the eight largest sectors are selected.

Step 2: The stocks in each of those eight sectors are then ranked among their
peers based on three distinct factors:

- Trailing four quarters' return on assets, which is net income divided by
average assets. Those stocks with high return on assets achieve better rankings;

- Buyback yield, which measures the percentage decrease in common stock
outstanding versus one year earlier. Those stocks with greater percentage
decreases receive better rankings; and

- Bullish interest indicator, which is measured over the trailing 12 months by
subtracting the number of shares traded in months in which the stock price
declined from the number of shares traded in months in which the stock price
rose and dividing the resulting number by the total number of shares traded
over the 12-month period. Those stocks with a high bullish interest indicator
achieve better rankings.

Step 3: The three stocks from each of the eight sectors with the highest
combined ranking on these three factors are selected for S&P Target 24
Strategy. In the event of a tie within a sector, the stock with the higher
market capitalization is selected.

Each stock receives a weighting equivalent to its relative market value among
the three stocks from the individual sector. The combined weight of the three
stocks for a sector is equal to the sector's equivalent weighting among the
eight sectors from which stocks are selected. However, no individual stock
will comprise 25% or more of the S&P Target 24 Portfolio as of the date of
this prospectus. The Securities will be adjusted on a proportionate basis to
accommodate this constraint.

                S&P Target SMid 60 Portfolio

This small and mid-capitalization strategy is designed to identify stocks with
improving fundamental performance and market sentiment. The S&P Target SMid 60
Strategy stocks are determined as follows:

Step 1: We begin with the stocks that comprise the Standard & Poor's MidCap
400(R) Index ("S&P MidCap 400(R)") and the Standard & Poor's SmallCap 600(R)
Index ("S&P SmallCap 600(R)") as of two business days prior to the date of
this prospectus.

Step 2: We rank the stocks in each index by price to book value and select the
best quartile from each index-100 stocks from the S&P MidCap 400(R) and 150
stocks from the S&P SmallCap 600(R) with the lowest, but positive, price to
book ratio.

Step 3: We rank each stock on three equally-weighted factors:

      - Price to cash flow;

      - 12-month change in return on assets; and

      - 3-month price appreciation.

Step 4: We eliminate any regulated investment companies, limited partnerships,
business development companies and any stock with a market capitalization of
less than $250 million and with an average daily trading volume of less than
$250,000.

Step 5: The 30 stocks from each index with the highest combined ranking on the
three factors set forth in Step 3 are selected for the portfolio. In the event
of a tie, the stock with the better price to cash flow ratio is selected.

Page 40


Step 6: The stocks selected from the S&P MidCap 400(R) are given approximately
twice the weight of the stocks selected from the S&P SmallCap 600(R), taking
into consideration that only whole shares will be purchased.

            Target Diversified Dividend Portfolio

The Target Diversified Dividend Strategy seeks above-average total return
through a combination of capital appreciation and dividend income by adhering
to a simple investment strategy; however, there is no assurance the objective
will be met. The Target Diversified Dividend Strategy stocks are determined as
follows:

Step 1: We begin with all stocks traded on a U.S. exchange as of two business
days prior to the date of this prospectus and screen for the following:

      - Minimum market capitalization of $250 million;

      - Minimum three-month average daily trading volume of $1.5 million; and

      - Minimum stock price of $5.

Step 2: We eliminate REITs, American Depositary Receipts/ADRs, regulated
investment companies and limited partnerships.

Step 3: We select only those stocks with positive three-year dividend growth.

Step 4: We rank each remaining stock on three factors:

      - Indicated dividend yield - 50%;

      - Price to book - 25%; and

      - Payout ratio - 25%.

Step 5: We purchase an approximately equally-weighted portfolio consisting of
four stocks from each of the major S&P GICS(R) market sectors with the highest
combined ranking on the three factors. The Financials and Real Estate sectors
are combined for the sector limit purpose. In the event of a tie, the stock
with the better price to book ratio is selected.

                 Target Focus Four Portfolio

The Target Focus Four Portfolio invests in the common stocks of companies
which are selected by applying four separate uniquely specialized strategies.

The composition of the Target Focus Four Portfolio on the Initial Date of
Deposit is as follows:

- Approximately 30% of the portfolio is composed of common stocks which
comprise The Dow(R) Target Dividend Strategy;

- Approximately 30% of the portfolio is composed of common stocks which
comprise the S&P Target SMid 60 Strategy;

- Approximately 30% of the portfolio is composed of common stocks which
comprise the Value Line(R) Target 25 Strategy; and

- Approximately 10% of the portfolio is composed of common stocks which
comprise the NYSE(R) International Target 25 Strategy.

The Securities which comprise The Dow(R) Target Dividend Strategy and the S&P
Target SMid 60 Strategy portions of the Trust were chosen by applying the same
selection criteria set forth above under the captions "The Dow(R) Target
Dividend Portfolio" and "S&P Target SMid 60 Portfolio," respectively. The
Securities which comprise the Value Line(R) Target 25 Strategy and the NYSE(R)
International Target 25 Strategy were selected as follows:

Value Line(R) Target 25 Strategy.

The Value Line(R) Target 25 Strategy invests in 25 of the 100 stocks that
Value Line(R) gives a #1 ranking for Timeliness(TM) which have recently
exhibited certain positive financial attributes. Value Line(R) ranks 1,700
stocks which represent approximately 90% of the trading volume on all U.S.
stock exchanges. Of these 1,700 stocks, only 100 are given their #1 ranking
for Timeliness(TM), which measures Value Line's view of their probable price
performance during the next six to 12 months relative to the others. Value
Line(R) bases their rankings on various factors, including long-term trend of
earnings, prices, recent earnings, price momentum, and earnings surprise. The
Value Line(R) Target 25 Strategy stocks are determined as follows:

Step 1: We start with the 100 stocks which Value Line(R), as of two business
days prior to the date of this prospectus, gives their #1 ranking for
Timeliness(TM) and apply the following rankings as of two business days prior
to the date of this prospectus.

Step 2: We rank these stocks for consistent growth based on 12-month and 6-
month price appreciation (best [1] to worst [100]).

Step 3: We then rank the stocks for profitability by their return on assets.

Step 4: Finally, we rank the stocks for value based on their price to cash flow.

Step 5: We add up the numerical ranks achieved by each company in the above
steps and select the 25 eligible stocks with the lowest sums for the Value
Line(R) Target 25 Strategy. Stocks of financial companies, as defined by
S&P's GICS(R), the stocks of companies whose shares are not listed on a U.S.
securities exchange, and stocks of limited partnerships are not eligible for

Page 41


inclusion in the Value Line(R) Target 25 Strategy stocks. In the event of a
tie, the stock with the greatest 6-month price appreciation is selected.

The stocks which comprise the Value Line(R) Target 25 Strategy are weighted
by market capitalization subject to the restriction that no stock will
comprise less than approximately 1% or 25% or more of the Value Line(R)
Target 25 Strategy portion of the portfolio on the date of this prospectus.
The Securities will be adjusted on a proportionate basis to accommodate this
constraint.

NYSE(R) International Target 25 Strategy.

The NYSE(R) International Target 25 Strategy provides investors with a way to
strategically invest in foreign companies. The NYSE(R) International Target
25 Strategy stocks are determined as follows:

Step 1: We begin with the stocks that comprise the NYSE International 100
Index(sm) as of two business days prior to the date of this prospectus. The
index consists of the 100 largest non-U.S. stocks trading on the NYSE.

Step 2: We rank each stock on two equally-weighted factors:

      - Price to book; and

      - Price to cash flow.

Lower, but positive, price to book and price to cash flow ratios are generally
used as an indication of value.

Step 3: We screen for liquidity by eliminating companies with average daily
trading volume below $300,000 for the prior three months.

Step 4: We purchase an approximately equally-weighted portfolio of the 25
eligible stocks with the best overall ranking on the two factors, taking into
consideration that only whole shares will be purchased. In the event of a tie,
the stock with the better price to book ratio is selected.

          Target Global Dividend Leaders Portfolio

The Target Global Dividend Leaders Strategy stocks are determined based on
these steps:

Step 1: We establish three distinct universes as of two business days prior to
the Initial Date of Deposit which consist of the following:

- Domestic equity - all U.S. stocks.

- International equity - all foreign stocks that are listed on a U.S.
securities exchange either directly or in the form of American Depositary
Receipts/ADRs.

- REITs - all U.S. REITs (including Mortgage REITs).

Step 2: Regulated investment companies and limited partnerships are excluded
from all universes. REITs (including Mortgage REITs) are also excluded from
the domestic and international equity universes.

Step 3: We select the stocks in each universe that meet the following criteria:

- Market capitalization greater than $1 billion.

- Three-month average daily trading volume greater than $1 million.

- Current indicated dividend yield greater than twice that of the S&P 500(R)
Index at the time of selection.

Step 4: We rank the selected stocks within each universe on three equally-
weighted factors: price to cash flow; return on assets; and 3, 6 and 12-month
price appreciation.

Step 5: We select the 20 stocks within each universe with the best overall
combined rankings. The domestic and international equity universes are subject
to a maximum of four stocks from any one of the major GICS(R) market sectors.
The Financials and Real Estate sectors are combined for the sector limit
purpose. If a universe has less than 20 eligible securities, all eligible
securities are selected.

Step 6: The universes are approximately weighted as shown below. Stocks are
approximately equally-weighted within their universe, taking into
consideration that only whole shares will be purchased.

- 40% domestic equity.

- 40% international equity.

- 20% REITs.

                   Target Growth Portfolio

The Target Growth Strategy invests in stocks with large and/or mid market
capitalizations which have recently exhibited certain positive financial
attributes. The Target Growth Strategy stocks are determined as follows:

Step 1: We begin with all stocks traded on a U.S. exchange as of two business
days prior to the date of this prospectus and screen for the following:

      - Minimum market capitalization of $6 billion;

      - Minimum three month average daily trading volume of $5 million; and

      - Minimum stock price of $5.

Page 42


Step 2: We eliminate REITs, American Depositary Receipts/ADRs, regulated
investment companies and limited partnerships.

Step 3: We select only those stocks with positive one year sales growth.

Step 4: We rank the remaining stocks on three equally-weighted factors:

      - Sustainable growth rate (a measurement of a company's implied growth
rate that can be funded with its internal capital; it is calculated by
multiplying return on equity over the trailing 12 months by (1- payout ratio),
where payout ratio is the trailing 12 months dividends per share divided by
trailing 12 months earnings per share);

      - Change in return on assets; and

      - Recent 6-month price appreciation.

Step 5: We purchase an approximately equally-weighted portfolio of the 30
stocks with the highest combined ranking on the three factors, subject to a
maximum of six stocks from any one of the major GICS(R) market sectors. The
Financials and Real Estate sectors are combined for the sector limit purpose.
In the event of a tie, the stock with the higher sustainable growth rate is
selected.

                    Target VIP Portfolio

The Target VIP Portfolio invests in the common stocks of companies which are
selected by applying six separate uniquely specialized strategies.

The composition of the Target VIP Strategy on the Initial Date of Deposit is
as follows:

- Approximately 1/6 of the portfolio is composed of common stocks which
comprise The Dow(R) DART 5 Strategy;

- Approximately 1/6 of the portfolio is composed of common stocks which
comprise the European Target 20 Strategy;

- Approximately 1/6 of the portfolio is composed of common stocks which
comprise the Nasdaq(R) Target 15 Strategy;

- Approximately 1/6 of the portfolio is composed of common stocks which
comprise the S&P Target 24 Strategy;

- Approximately 1/6 of the portfolio is composed of common stocks which
comprise the Target Small-Cap Strategy; and

- Approximately 1/6 of the portfolio is composed of common stocks which
comprise the Value Line(R) Target 25 Strategy.

The Securities which comprise the S&P Target 24 Strategy and the Value Line(R)
Target 25 Strategy portions of the Trust were chosen by applying the same
selection criteria set forth above under the captions "S&P Target 24
Portfolio" and "Target Focus Four Portfolio," respectively. The Securities
which comprise The Dow(R) DART 5 Strategy, the European Target 20 Strategy,
the Nasdaq(R) Target 15 Strategy and the Target Small-Cap Strategy portions of
the Trust were selected as follows:

The Dow(R) Dividend and Repurchase Target 5 Strategy.

The Dow(R) DART 5 Strategy selects a portfolio of DJIA(R) stocks with high
dividend yields and/or high buyback ratios and high return on assets, as a
means to achieving the Strategy's investment objective. Buyback ratio is the
ratio of a company's shares of common stock outstanding 12 months prior to the
date of this prospectus compared to a company's shares outstanding as of the
business day prior to the date of this prospectus.

The Dow(R) DART 5 Strategy stocks are determined as follows:

Step 1: We rank all 30 stocks contained in the DJIA(R) by the sum of their
current indicated dividend yield and buyback ratio as of the business day
prior to the date of this prospectus.

Step 2: We then select the 10 stocks with the highest combined dividend yields
and buyback ratios.

Step 3: From the 10 stocks selected in Step 2, we select an approximately
equally-weighted portfolio of the five stocks with the greatest change in
return on assets in the most recent year as compared to the previous year for
The Dow(R) DART 5 Strategy.

European Target 20 Strategy.

The European Target 20 Strategy invests in stocks with high dividend yields.
By selecting stocks with the highest dividend yields, the European Target 20
Strategy seeks to uncover stocks that may be out of favor or undervalued. The
European Target 20 Strategy stocks are determined as follows:

Step 1: We rank the 120 largest companies based on market capitalization which
are domiciled in Austria, Belgium, Denmark, Finland, France, Germany, Greece,
Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland
and the United Kingdom by their current indicated dividend yield as of three
business days prior to the date of this prospectus.

Step 2: We select an approximately equally-weighted portfolio of the 20
highest dividend-yielding stocks for the European Target 20 Strategy.

Page 43


During the initial offering period, the Target VIP Portfolio will not invest
more than 5% of its portfolio in shares of any one securities-related issuer
contained in the European Target 20 Strategy.

Nasdaq(R) Target 15 Strategy.

The Nasdaq(R) Target 15 Strategy selects a portfolio of the 15 Nasdaq-100
Index(R) stocks with the best overall ranking on both 12- and 6-month price
appreciation, return on assets and price to cash flow as a means to achieving
its investment objective. The Nasdaq(R) Target 15 Strategy stocks are
determined as follows:

Step 1: We select stocks which are components of the Nasdaq-100 Index(R) as of
two business days prior to the date of this prospectus and numerically rank
them by 12-month price appreciation (best [1] to worst [100]).

Step 2: We then numerically rank the stocks by 6-month price appreciation.

Step 3: The stocks are then numerically ranked by return on assets ratio.

Step 4: We then numerically rank the stocks by the ratio of cash flow per
share to stock price.

Step 5: We add up the numerical ranks achieved by each company in the above
steps and select the 15 stocks with the lowest sums for Nasdaq(R) Target 15
Strategy. In the event of a tie, the stock with the higher 6-month price
momentum is selected.

The stocks which comprise Nasdaq(R) Target 15 Strategy are weighted by market
capitalization subject to the restriction that only whole shares are purchased
and that no stock will comprise less than approximately 1% or 25% or more of
Nasdaq(R) Target 15 Strategy portion of the portfolio on the date of this
prospectus. The Securities will be adjusted on a proportionate basis to
accommodate this constraint.

Target Small-Cap Strategy.

The Target Small-Cap Strategy invests in stocks with small market
capitalizations which have recently exhibited certain positive financial
attributes. The Target Small-Cap Strategy stocks are determined as follows:

Step 1: We select the stocks of all U.S. companies which trade on the NYSE,
NYSE MTK (formerly the NYSE Amex) or Nasdaq, Inc. (excluding limited
partnerships, American Depositary Receipts/ADRs, business development
companies and mineral and oil royalty trusts) as of two business days prior to
the date of this prospectus.

Step 2: We then select companies which have a market capitalization of between
$150 million and $1 billion and whose stock has an average daily dollar
trading volume of at least $500,000.

Step 3: We next select stocks with positive three-year sales growth.

Step 4: From there we select those stocks whose most recent annual earnings
(based on the trailing 12-month period) are positive.

Step 5: We eliminate any stock whose price has appreciated by more than 75% in
the last 12 months.

Step 6: We select the 40 stocks with the greatest price appreciation in the
last 12 months and weight them on a market capitalization basis (highest to
lowest) for the Target Small-Cap Strategy. If, as a result of the constraint
in Step 5, fewer than 40 stocks are eligible for selection, additional stocks
with the smallest appreciation above 75% in the last 12 months will be
included to reach 40 stocks.

For purposes of applying the Target Small-Cap Strategy, market capitalization
and average trading volume are based on 1996 dollars which are periodically
adjusted for inflation. All steps apply monthly and rolling quarterly data
instead of annual figures where possible.

The stocks which comprise the Target Small-Cap Strategy are weighted by market
capitalization.

             Value Line(R) Target 25 Portfolio

The Securities which comprise the Value Line(R) Target 25 Strategy were chosen
by applying the same selection criteria set forth above under the caption
"Target Focus Four Portfolio."

Other Considerations.

Please note that we applied the strategy or strategies which make up the
portfolio for each Trust at a particular time. If we create additional Units
of a Trust after the Initial Date of Deposit, we will deposit the Securities
originally selected by applying the strategy on the Initial Date of Deposit.
This is true even if a later application of a strategy would have resulted in
the selection of different securities. In addition, companies which, based on
publicly available information as of the date the Securities were selected,
are the subject of an announced business combination which we expect will
happen within 12 months of the date of this prospectus are not eligible for
inclusion in a Trust's portfolio.

The Securities for each of the strategies were selected as of a strategy's
selection date using closing market prices on such date or, if a particular
market was not open for trading on such date, closing market prices on the day
immediately prior to the strategy's selection date in which such market was
open. In addition, companies which, based on publicly available information on
or before their respective selection date, are subject to any of the limited
circumstances which warrant removal of a Security from a Trust as described

Page 44


under "Removing Securities from a Trust" have been excluded from the universe
of securities from which each Trust's Securities are selected.

While not a part of the Trusts' portfolio selection processes, certain of the
Trusts also invest in: depositary receipts, foreign-listed securities,
companies headquartered or incorporated in emerging and/or developing markets
and VIEs.

As with any similar investments, there can be no assurance that the objective
of a Trust will be achieved. See "Risk Factors" for a discussion of the risks
of investing in a Trust.

The Dow Jones Industrial Average, Dow Jones U.S. Select Dividend Index(sm),
S&P 500(R) Index, S&P 500(R) Dividend Aristocrats(R) Index, S&P MidCap 400(R)
Index and S&P SmallCap 600(R) Index are products of S&P Dow Jones Indices LLC
or its affiliates ("SPDJI"), and have been licensed for use by First Trust
Portfolios L.P. Standard & Poor's(R), S&P(R), S&P 500(R), S&P(R) Dividend
Aristocrats(R), S&P MidCap 400(R) and S&P SmallCap 600(R) are registered
trademarks of Standard & Poor's Financial Services LLC ("S&P"); DJIA(R), The
Dow(R), Dow Jones(R), Dow Jones Industrial Average and Dow Jones U.S. Select
Dividend Index(sm) are trademarks of Dow Jones Trademark Holdings LLC ("Dow
Jones"); and these trademarks have been licensed for use by SPDJI and
sublicensed for certain purposes by First Trust Portfolios L.P. The Trusts, in
particular The Dow(R) Target Dividend Portfolio, S&P Dividend Aristocrats
Target 25 Portfolio, S&P Target 24 Portfolio, S&P Target SMid 60 Portfolio,
Target Focus Four Portfolio and the Target VIP Portfolio are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective
affiliates, and none of such parties make any representation regarding the
advisability of investing in such products nor do they have any liability for
any errors, omissions, or interruptions of the Dow Jones Industrial Average
and the S&P 500(R) Index. Please see the Information Supplement which sets
forth certain additional disclaimers and limitations of liabilities on behalf
of SPDJI.

"Value Line," "The Value Line Investment Survey" and "Timeliness" are
trademarks or registered trademarks of Value Line, Inc. and/or its affiliates
("Value Line") that have been licensed to First Trust Portfolios L.P. and/or
First Trust Advisors L.P. The Target Focus Four Portfolio, Target VIP
Portfolio and Value Line(R) Target 25 Portfolio are not sponsored, endorsed,
recommended, sold or promoted by Value Line. Value Line makes no
representation regarding the advisability of investing in a Trust. First Trust
Portfolios L.P. and/or First Trust Advisors L.P. are not affiliated with any
Value Line company.

"NYSE(R)" is a service/trade mark of ICE Data Indices, LLC or its affiliates
and has been licensed, along with the NYSE(R) International 100 Index
("Index") for use by First Trust Portfolios L.P. in connection with the Target
Focus Four Portfolio (the "Product"). Neither First Trust Portfolios L.P. nor
the Product, as applicable, is sponsored, endorsed, sold or promoted by ICE
Data Indices, LLC, its affiliates or its Third Party Suppliers ("ICE Data and
its Suppliers"). ICE Data and its Suppliers make no representations or
warranties regarding the advisability of investing in securities generally, in
the Product particularly, or the ability of the Index to track general market
performance. Past performance of an Index is not an indicator of or a
guarantee of future results. ICE DATA AND ITS SUPPLIERS DISCLAIM ANY AND ALL
WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY
WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE,
INCLUDING THE INDICES, INDEX DATA AND ANY INFORMATION INCLUDED IN, RELATED TO,
OR DERIVED THEREFROM ("INDEX DATA"). ICE DATA AND ITS SUPPLIERS SHALL NOT BE
SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY,
TIMELINESS OR COMPLETENESS OF THE INDICES AND THE INDEX DATA, WHICH ARE
PROVIDED ON AN "AS IS" BASIS AND YOUR USE IS AT YOUR OWN RISK.

The publishers of the DJIA(R), the Dow Jones U.S. Select Dividend Index(sm),
The Nasdaq-100 Index(R), the Russell 3000(R) Index, S&P 500(R) Index, S&P
1000(R) Index, S&P MidCap 400(R) Index, S&P SmallCap 600(R) Index and the
NYSE International 100 Index(sm) are not affiliated with us and have not
participated in creating the Trusts or selecting the Securities for the
Trusts. Except as noted herein, none of the index publishers have approved of
any of the information in this prospectus.

                        Risk Factors

Price Volatility. The Trusts invest in common stocks. The value of a Trust's
Units will fluctuate with changes in the value of these common stocks. Common
stock prices fluctuate for several reasons including changes in investors'
perceptions of the financial condition of an issuer or the general condition
of the relevant stock market, such as market volatility, or when political or
economic events affecting the issuers occur. In addition, common stock prices
may be particularly sensitive to rising interest rates, as the cost of capital
rises and borrowing costs increase, negatively impacting issuers.

Because the Trusts are not managed, the Trustee will not sell stocks in
response to or in anticipation of market fluctuations, as is common in managed
investments. As with any investment, we cannot guarantee that the performance
of any Trust will be positive over any period of time, especially the

Page 45


relatively short 15-month life of the Trusts, or that you won't lose money.
Units of the Trusts are not deposits of any bank and are not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
government agency.

Three of the Securities in the S&P Target 24 Portfolio represent approximately
44.05% of the value of the Trust. Three of the Securities in the Value Line(R)
Target 25 Portfolio represent approximately 62.37% of the value of the Trust. If
these stocks decline in value you may lose a substantial portion of your
investment.

Market Risk. Market risk is the risk that a particular security, or Units of
the Trusts in general, may fall in value or underperform other investments.
Securities are subject to market fluctuations caused by such factors as
economic, political, regulatory or market developments, changes in interest
rates and perceived trends in securities prices. As a means to fight
inflation, which remains at elevated levels, the Federal Reserve has raised
interest rates and may continue to do so and is reversing previously
implemented quantitative easing. Recent and potential future bank failures
could result in disruption to the broader banking industry or markets
generally and reduce confidence in financial institutions and the economy as a
whole, which may also heighten market volatility and reduce liquidity. In
addition, local, regional or global events such as war, acts of terrorism,
spread of infectious diseases or other public health issues, recessions,
political turbulence or other events could have a significant negative impact
on the Trusts and their investments. For example, the COVID-19 global pandemic
and the ensuing policies enacted by governments and central banks have caused
and may continue to cause significant volatility and uncertainty in global
financial markets, negatively impacting global growth prospects. While
vaccines have been developed, there is no guarantee that vaccines will be
effective against future variants of the disease. The impact of the COVID-19
pandemic, or any future public health crisis, may be short term or may last
for an extended period of time, and in either case could result in a
substantial economic downturn or recession. 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 of a Trust's
investments as well as a Trust's performance. Such events may affect certain
geographic regions, countries, sectors and industries more significantly than
others. Such events could adversely affect the prices and liquidity of a
Trust's portfolio securities and could result in disruptions in the trading
markets. Any such circumstances could have a materially negative impact on the
value of a Trust's Units and result in increased market volatility.

Dividends. Certain of the Securities held by certain of the Trusts may
currently pay dividends, but there is no guarantee that the issuers of the
Securities will declare dividends in the future or that, if declared, they
will either remain at current levels or increase over time.

Trusts which use dividend yield as a selection criterion employ a contrarian
strategy in which the Securities selected share qualities that have caused
them to have lower share prices or higher dividend yields than other common
stocks in their peer group. There is no assurance that negative factors
affecting the share price or dividend yield of these Securities will be
overcome over the life of such Trusts or that these Securities will increase
in value.

Concentration Risk. When 25% or more of a trust's portfolio is invested in
securities issued by companies within a single sector, the trust is considered
to be concentrated in that particular sector. A portfolio concentrated in one
or more sectors may present more risks than a portfolio broadly diversified
over several sectors.

The Dow(R) Target Dividend Portfolio is concentrated in stocks of companies
within the financials and utilities sectors. The S&P Dividend Aristocrats
Target 25 Portfolio is concentrated in stocks of companies within the
industrials sector. The S&P Target 24 Portfolio and the Target VIP Portfolio
are concentrated in stocks of companies within the information technology
sector. The S&P Target SMid 60 Portfolio and the Target Focus Four Portfolio
are concentrated in stocks of companies within the financials sector. The
Value Line(R) Target 25 Portfolio is concentrated in stocks of companies
within the communication services and information technology sectors.

Communication Services. General risks of communication services companies
include rapidly changing technology, rapid product obsolescence, loss of
patent protection, cyclical market patterns, evolving industry standards and
frequent new product introductions. Certain communication companies are
subject to substantial governmental regulation, which among other things,
regulates permitted rates of return and the kinds of services that a company
may offer. Media and entertainment companies are subject to changing
demographics, consumer preferences and changes in the way people communicate
and access information and entertainment content. Certain of these companies
may be particularly susceptible to cybersecurity threats, which could have an
adverse effect on their business. Companies in this sector are subject to
fierce competition for market share from existing competitors and new market
entrants. Such competitive pressures are intense and communication stocks can
experience extreme volatility.

Page 46


Companies in the communication sector may encounter distressed cash flows and
heavy debt burdens due to the need to commit substantial capital to meet
increasing competition and research and development costs. Technological
innovations may also make the existing products and services of communication
companies obsolete. In addition, companies in this sector can be impacted by a
lack of investor or consumer acceptance of new products, changing consumer
preferences and lack of standardization or compatibility with existing
technologies making implementation of new products more difficult.

Financials. Financial companies, such as retail and commercial banks,
insurance companies and financial services companies, are subject to extensive
governmental regulation and intervention, which may adversely affect the scope
of their activities, the prices they can charge, the amount and types of
capital they must maintain and, potentially, their size. Governmental
regulation may change frequently and may have significant adverse consequences
for financial companies, including effects not intended by such regulation.
The impact of more stringent capital requirements, or recent or future
regulation in various countries, on any individual financial company or on
financial companies as a whole cannot be predicted. Certain risks may impact
the value of investments in financial companies more severely than those of
investments in other issuers, including the risks associated with companies
that operate with substantial financial leverage. Financial companies may also
be adversely affected by volatility in interest rates, decreases in the
availability of money or asset valuations, credit rating downgrades and
adverse conditions in other related markets. Insurance companies in particular
may be subject to severe price competition and/or rate regulation, which may
have an adverse impact on their profitability. Financial companies are also a
target for cyber-attacks and may experience technology malfunctions and
disruptions as a result.

In addition, general economic conditions are important to the operations of
financial companies. Deteriorating economic fundamentals may increase the risk
of default or insolvency of particular financial institutions, negatively
impact market value, cause credit spreads to widen, and reduce bank balance
sheets. Credit losses resulting from financial difficulties of borrowers and
financial losses associated with investment activities may have an adverse
effect on the profitability of financial companies. While financial companies
such as banks tend to increase reserves in anticipation of economic stress,
there can be no assurance that such reserves will be sufficient to cover
rising default rates. Financial companies may be highly dependent upon access
to capital markets, and any impediments to such access, such as adverse
overall economic conditions or a negative perception in the capital markets of
a company's financial condition or prospects, could adversely affect its
business. For example, any failure of a bank can result in disruption to the
broader banking industry or markets generally, which may also heighten market
volatility and reduce liquidity. Some financial companies may also be required
to accept or borrow significant amounts of capital from government sources.
There is no guarantee that governments will provide any such relief in the
future and no certainty that such relief will mitigate the effects of any
failure of a financial institution on the economy or otherwise strengthen
public confidence in financial institutions. These actions may cause the
securities of many companies in the financials sector to decline in value.

Industrials. General risks of industrial companies include the general state
of the economy, intense competition, consolidation, domestic and international
politics, excess capacity and consumer spending trends. In addition, they may
also be significantly affected by overall capital spending levels, economic
cycles, technical obsolescence, delays in modernization, labor relations,
government regulations and e-commerce initiatives.

Industrial companies may also be affected by factors more specific to their
individual industries. Industrial machinery manufacturers may be subject to
declines in consumer demand and the need for modernization. Aerospace and
defense companies may be influenced by decreased demand for new equipment,
aircraft order cancellations, changes in aircraft-leasing contracts and
cutbacks in profitable business travel. Agricultural equipment businesses may
be influenced by fluctuations in farm income, farm commodity prices,
government subsidies and weather conditions. The number of housing starts,
levels of public and non-residential construction including weakening demand
for new office and retail space, and overall construction spending may
adversely affect construction equipment manufacturers, while overproduction,
consolidation and weakening global economies may lead to deteriorating sales
for auto and truck makers and their suppliers.

Information Technology. Technology companies are generally subject to the
risks of rapidly changing technologies; short product life cycles; fierce
competition; aggressive pricing; frequent introduction of new or enhanced
products; the loss of patent, copyright and trademark protections; cyclical
market patterns; evolving industry standards; and frequent new product
introductions. Technology companies may be smaller and less experienced
companies, with limited product lines, markets or financial resources.
Technology company stocks have experienced extreme price and volume
fluctuations that are often unrelated to their operating performance. Also,
the stocks of many Internet companies have exceptionally high price to
earnings ratios with little or no earnings histories.

Page 47


Utilities. General problems of utility companies include risks of increases in
fuel and other operating costs; restrictions on operations and increased costs
and delays as a result of environmental, nuclear safety and other regulations;
regulatory restrictions on the ability to pass increasing wholesale costs
along to the retail and business customer; energy conservation; technological
innovations which may render existing plants, equipment or products obsolete;
the effects of local weather, maturing markets and difficulty in expanding to
new markets due to regulatory and other factors; natural or man-made
disasters; difficulty obtaining adequate returns on invested capital; the high
cost of obtaining financing during periods of inflation; difficulties of the
capital markets in absorbing utility debt and equity securities; and increased
competition. In addition, taxes, government regulation, international
politics, price and supply fluctuations, and volatile interest rates and
energy conservation may cause difficulties for utilities. All of such issuers
have been experiencing certain of these problems in varying degrees.

Utility companies are subject to extensive regulation at the federal and state
levels in the United States. The value of utility company securities may
decline as a result of changes to governmental regulation controlling the
utilities sector. Adverse regulatory changes could prevent or delay utilities
from passing along cost increases to customers, which could hinder a utility's
ability to meet its obligations to its suppliers.

Furthermore, regulatory authorities, which may be subject to political and
other pressures, may not grant future rate increases, or may impose accounting
or operational policies, any of which could affect a company's profitability
and the value of its securities. In addition, federal, state and municipal
governmental authorities may review existing, and impose additional,
regulations governing the licensing, construction and operation of nuclear
power plants.

REITs. Certain of the Securities held by certain of the Trusts are issued by
REITs that are headquartered or incorporated in the United States. REITs are
financial vehicles that pool investors' capital to purchase or finance real
estate. REITs may concentrate their investments in specific geographic areas
or in specific property types, i.e., hotels, shopping malls, residential
complexes, office buildings and timberlands. The value of REITs and the
ability of REITs to distribute income may be adversely affected by several
factors, including rising interest rates, changes in the national, state and
local economic climate and real estate conditions, perceptions of prospective
tenants of the safety, convenience and attractiveness of the properties, the
ability of the owner to provide adequate management, maintenance and
insurance, the cost of complying with the Americans with Disabilities Act,
increased competition from new properties, the impact of present or future
environmental legislation and compliance with environmental laws, changes in
real estate taxes and other operating expenses, adverse changes in
governmental rules and fiscal policies, adverse changes in zoning laws, and
other factors beyond the control of the issuers of REITs. Certain of the REITs
may also be mortgage real estate investment trusts ("Mortgage REITs").
Mortgage REITs are companies that provide financing for real estate by
purchasing or originating mortgages and mortgage-backed securities and earn
income from the interest on these investments. Mortgage REITs are also subject
to many of the same risks associated with investments in other REITs and to
real estate market conditions.

Strategy. Please note that we applied the strategy or strategies which make up
the portfolio for each Trust at a particular time. If we create additional
Units of a Trust after the Initial Date of Deposit, we will deposit the
Securities originally selected by applying the strategy on the Initial Date of
Deposit. This is true even if a later application of a strategy would have
resulted in the selection of different securities. There is no guarantee the
investment objective of a Trust will be achieved. The actual performance of
the Trusts will be different than the hypothetical returns of each Trust's
strategy. No representation is made that the Trusts will or are likely to
achieve the hypothetical performance shown. Because the Trusts are unmanaged
and follow a strategy, the Trustee will not buy or sell Securities in the
event a strategy is not achieving the desired results.

Foreign Securities. Certain of the Securities held by certain of the Trusts
are issued by foreign entities, which makes the Trusts subject to more risks
than if they invested solely in domestic securities. Risks of foreign
securities include higher brokerage costs; different accounting standards;
expropriation, nationalization or other adverse political or economic
developments; currency devaluations, blockages or transfer restrictions;
restrictions on foreign investments and exchange of securities; inadequate
financial information; lack of liquidity of certain foreign markets; and less
government supervision and regulation of exchanges, brokers, and issuers in
foreign countries. Certain foreign markets have experienced heightened
volatility due to recent negative political or economic developments or
natural disasters. Securities issued by non-U.S. issuers may pay dividends in
foreign currencies and may be principally traded in foreign currencies.
Therefore, there is a risk that the U.S. dollar value of these dividend
payments and/or securities will vary with fluctuations in foreign exchange
rates.

The purchase and sale of the foreign Securities, other than foreign Securities
listed on a U.S. securities exchange, will generally occur only in foreign
securities markets. Because foreign securities exchanges may be open on

Page 48


different days than the days during which investors may purchase or redeem
Units, the value of a Trust's Securities may change on days when investors are
not able to purchase or redeem Units. Although we do not believe that the
Trusts will have problems buying and selling these Securities, certain of the
factors stated above may make it impossible to buy or sell them in a timely
manner. Custody of certain of the Securities in the Target VIP Portfolio is
maintained by: Crest Co. Ltd. for United Kingdom Securities and Euroclear
Bank, a global custody and clearing institution for all other foreign
Securities; each of which has entered into a sub-custodian relationship with
the Trustee. In the event the Trustee informs the Sponsor of any material
change in the custody risks associated with maintaining assets with any of the
entities listed above, the Sponsor will instruct the Trustee to take such
action as the Sponsor deems appropriate to minimize such risk.

Depositary Receipts Risk. Certain of the Trusts invest in depositary receipts
(which may include American Depositary Receipts/ADRs, Global Depositary
Receipts/GDRs, New York Registry Shares, and/or similarly structured
securities). Depositary receipts are securities issued by a bank or trust
company reflecting ownership of underlying securities issued by a foreign
company. Depositary receipts may be less liquid than the underlying shares in
their primary trading market. Any distributions paid to the holders of
depositary receipts are usually subject to a fee charged by the depositary.
Holders of depositary receipts may have limited voting rights, and investment
restrictions in certain countries may adversely impact the value of depositary
receipts because such restrictions may limit the ability to convert shares
into depositary receipts and vice versa. Such restrictions may cause shares of
the underlying issuer to trade at a discount or premium to the market price of
the depositary receipts. Moreover, depositary receipts may be "sponsored" or
"unsponsored." Sponsored depositary receipts are established jointly by a
depositary and the underlying issuer, whereas unsponsored depositary receipts
may be established by a depositary without participation by the underlying
issuer. Holders of unsponsored depositary receipts generally bear all the
costs associated with establishing the unsponsored depositary receipts. In
addition, the issuers of the securities underlying unsponsored depositary
receipts are not obligated to disclose material information in the U.S. and,
therefore, there may be less information available regarding such issuers and
there may not be a correlation between such information and the market value
of the depositary receipts.

Emerging and Developing Markets. Certain of the Securities held by certain of
the Trusts are issued by companies headquartered or incorporated in countries
considered to be emerging or developing markets or have significant business
operations in emerging or developing markets. Risks of investing in emerging
and developing countries are even greater than the risks associated with
foreign investments in general. These increased risks include, among other
risks, the possibility of investment and trading limitations, greater
liquidity concerns, higher price volatility, greater delays and disruptions in
settlement transactions, greater political uncertainties and greater
dependence on international trade or development assistance. In addition, less
information about emerging and developing market companies is publicly
available due to differences in regulatory, accounting, audit and financial
recordkeeping standards and information that is available may be unreliable or
outdated. Moreover, the rights and remedies associated with emerging and
developing market investment securities may be different than those available
for investments in more developed markets. Furthermore, emerging and
developing market countries may be subject to overburdened infrastructures,
obsolete financial systems and environmental problems. For these reasons,
investments in emerging and developing markets are often considered speculative.

VIEs. Certain of the Trusts invest in non-Chinese shell companies that have
created structures known as VIEs in order to gain exposure to certain Chinese
companies that are unavailable to direct investment by foreign investors. In
China, direct ownership of companies in certain sectors by foreign individuals
and entities is prohibited. In order to allow for foreign investment in these
businesses, many Chinese companies have created VIE structures to enable
indirect foreign ownership. In such an arrangement, a Chinese operating
company typically establishes an offshore shell company in another
jurisdiction, such as the Cayman Islands. That shell company enters into
service and other contracts with the Chinese issuer or operating company to
obtain economic exposure to the Chinese company, then issues shares on an
exchange outside of mainland China, and U.S. investors hold stock in the non-
Chinese shell company rather than directly in the Chinese issuer or operating
company. This arrangement allows U.S. investors, such as the Trusts, to obtain
economic exposure to the Chinese issuer or operating company through
contractual means rather than through formal equity ownership. Because neither
the shell company nor the Trusts own actual equity interests in the Chinese
operating company, they do not have the voting rights or other types of
control that an equity holder would expect to benefit from. Although VIEs are
a longstanding industry practice and well known to officials and regulators in
China, VIEs are not formally recognized under Chinese law. Intervention by the
Chinese government with respect to VIEs could significantly affect the Chinese
company's performance and the enforceability of the VIE's contractual

Page 49


arrangements that establish the links between the Chinese company and the
shell company in which a Trust invests. This could considerably impact the
financial condition of the shell company in which a Trust invests by limiting
its ability to consolidate the financial results of the Chinese operating
company into its own financial statements, as well as make the value of the
shares held by a Trust effectively worthless. Further, if Chinese officials
prohibit the existence of VIEs, the market value of a Trust's associated
holdings would likely suffer significant, and possibly permanent effects,
which could negatively impact a Trust's net asset value and could result in
substantial losses. Further, it is uncertain whether any new laws, rules or
regulations relating to VIE structures will be adopted or, if adopted, what
impact they would have on the value of a Trust's Units.

VIEs are also subject to the investment risks associated with the underlying
Chinese issuer or operating company. Chinese companies are not subject to the
same degree of regulatory requirements or accounting standards and oversight
as companies in more developed countries. As a result, information about the
Chinese securities and VIEs in which a Trust invests may be less reliable and
incomplete. There also may be significant obstacles to obtaining information
necessary for investigations into or litigation against Chinese companies and
VIEs, and shareholders may have limited legal remedies, which could negatively
impact a Trust. Additionally, U.S.-listed VIEs may be delisted if they do not
meet U.S. accounting standards and auditor oversight requirements. Delisting
would significantly decrease the liquidity and value of the securities,
decrease the ability of a Trust to invest in such securities and may increase
the cost of a Trust if required to seek alternative markets in which to invest
in such securities.

Exchange Rates. Because securities of foreign issuers not listed on a U.S.
securities exchange generally pay dividends and trade in foreign currencies,
the U.S. dollar value of these Securities (and therefore Units of the Trusts
containing securities of foreign issuers) will vary with fluctuations in
foreign exchange rates. As the value of Units of a Trust will vary with
fluctuations in both the value of the underlying Securities as well as foreign
exchange rates, an increase in the value of the Securities could be more than
offset by a decrease in value of the foreign currencies in which they are
denominated against the U.S. dollar, resulting in a decrease in value of the
Units. Most foreign currencies have fluctuated widely in value against the
U.S. dollar for various economic and political reasons.

To determine the value of foreign Securities not listed on a U.S. securities
exchange or their dividends, the Sponsor will estimate current exchange rates
for the relevant currencies based on activity in the various currency exchange
markets. However, these markets can be quite volatile, depending on the
activity of the large international commercial banks, various central banks,
large multi-national corporations, speculators, hedge funds and other buyers
and sellers of foreign currencies. Since actual foreign currency transactions
may not be instantly reported, the exchange rates estimated by the Sponsor may
not reflect the amount the Trusts would receive, in U.S. dollars, had the
Trustee sold any particular currency in the market. The value of the
Securities in terms of U.S. dollars, and therefore the value of your Units,
will decline if the U.S. dollar increases in value relative to the value of
the currency in which the Securities trade. In addition, the value of
dividends received in foreign currencies will decline in value in terms of
U.S. dollars if the U.S. dollar increases in value relative to the value of
the currency in which the dividend was paid prior to the time in which the
dividend is converted to U.S. dollars.

Small and/or Mid Capitalization Companies. Certain of the Securities held by
certain of the Trusts are issued by small and/or mid capitalization companies.
Investing in stocks of such companies may involve greater risk than investing
in larger companies. For example, such companies may have limited product
lines, as well as shorter operating histories, less experienced management and
more limited financial resources than larger companies. Securities of such
companies generally trade in lower volumes and are generally subject to
greater and less predictable changes in price than securities of larger
companies. In addition, small and mid-cap stocks may not be widely followed by
the investment community, which may result in low demand.

Large Capitalization Companies. Certain of the Securities held by certain of
the Trusts are issued by large capitalization companies. The return on
investment in stocks of large capitalization companies may be less than the
return on investment in stocks of small and/or mid capitalization companies.
Large capitalization companies may also grow at a slower rate than the overall
market.

Cybersecurity Risk. As the use of Internet technology has become more
prevalent in the course of business, the Trusts have become more susceptible
to potential operational risks through breaches in cybersecurity. A breach in
cybersecurity refers to both intentional and unintentional events that may
cause a Trust to lose proprietary information, suffer data corruption or lose
operational capacity. Such events could cause the Sponsor of the Trusts to
incur regulatory penalties, reputational damage, additional compliance costs
associated with corrective measures and/or financial loss. Cybersecurity
breaches may involve unauthorized access to digital information systems
utilized by the Trusts through "hacking" or malicious software coding, but may
also result from outside attacks such as denial-of-service attacks through
efforts to make network services unavailable to intended users. In addition,
cybersecurity breaches of a Trust's third-party service providers, or issuers

Page 50


in which the Trusts invest, can also subject the Trusts to many of the same
risks associated with direct cybersecurity breaches. The Sponsor of, and third-
party service provider to, the Trusts have established risk management systems
designed to reduce the risks associated with cybersecurity. However, there is
no guarantee that such efforts will succeed, especially because the Trusts do
not directly control the cybersecurity systems of issuers or third-party
service providers.

Legislation/Litigation. From time to time, various legislative initiatives are
proposed in the United States and abroad which may have a negative impact on
certain of the companies represented in the Trusts. In addition, litigation
regarding any of the issuers of the Securities, or the industries represented
by these issuers, may negatively impact the value of these Securities. We
cannot predict what impact any pending or proposed legislation or pending or
threatened litigation will have on the value of the Securities.

       Backtested Hypothetical Performance Information

The following tables compare the hypothetical performance information for the
identical strategies employed by each Trust and the actual performances of the
Dow Jones U.S. Select Dividend Index(sm), Russell 3000(R) Index, S&P 500(R)
Index, S&P 1000(R) Index and the MSCI All Country World Index in each of the
full years listed below (and as of the most recent month). The Trusts did not
achieve the performance shown.

These hypothetical returns should not be used to predict or guarantee future
performance of the Trusts. Returns from a Trust will differ from its strategy
for several reasons, including the following:

- Total Return figures shown do not reflect commissions paid by a Trust on the
purchase of Securities or taxes incurred by you.

- Strategy returns are for calendar years (and through the most recent month),
while the Trusts begin and end on various dates.

- Trusts have a maturity longer than one year.

- Trusts may not be fully invested at all times or equally-weighted in each of
the strategies or the stocks comprising their respective strategy or strategies.

- Extraordinary market events that are not expected to be repeated and which
may have affected performance.

- Securities are often purchased or sold at prices different from the closing
prices used in buying and selling Units.

- Cash flows (receipt/investment of).

- For Trusts investing in foreign Securities, currency exchange rates may
differ.

You should note that the Trusts are not designed to parallel movements in any
index and it is not expected that they will do so. In fact, each Trust's
strategy underperformed its comparative index, or combination thereof, in
certain years and we cannot guarantee that a Trust will outperform its
respective index over the life of a Trust or over consecutive rollover
periods, if available. Each index differs widely in size and focus, as
described below.

Dow Jones U.S. Select Dividend Index(sm). The Dow Jones U.S. Select Dividend
Index(sm) consists of 100 dividend-paying stocks, weighted by their indicated
annualized yield. Eligible stocks are selected from a universe of all dividend-
paying companies in the Dow Jones U.S. Total Market Index(sm) that have a non-
negative historical five-year dividend-per-share growth rate, a five-year
average dividend to earnings-per-share ratio of less than or equal to 60% and
a three-month average daily trading volume of 200,000 shares.

Russell 3000(R) Index. The Russell 3000(R) Index offers investors access to
the broad U.S. equity universe representing approximately 98% of the U.S.
market. The Russell 3000(R) Index is constructed to provide a comprehensive,
unbiased and stable barometer of the broad market and is completely
reconstituted annually to ensure new and growing equities are reflected.

S&P 500(R) Index. The S&P 500(R) Index consists of stocks of 500 issuers
chosen by Standard and Poor's to be representative of the leaders of various
industries.

S&P 1000(R) Index. The S&P 1000(R) Index is a combination of the S&P MidCap
400(R) (the most widely used index for mid-size companies) and the S&P
SmallCap 600(R) (an index of 600 U.S. small-cap companies), where the S&P
MidCap 400(R) represents approximately 70% of the index and S&P SmallCap 600
represents approximately 30% of the index).

MSCI All Country World Index. The MSCI All Country World Index is an unmanaged
free float-adjusted market capitalization weighted index designed to measure
the equity market performance of developed and emerging markets. The index
cannot be purchased directly by investors.

The indexes are unmanaged, not subject to fees and not available for direct
investment.

Page 51


                                  COMPARISON OF HYPOTHETICAL TOTAL RETURN(2)

(Strategy figures reflect the deduction of sales charges and expenses but not brokerage commissions or taxes.)
                                      Hypothetical Strategy Total Returns(1)(3)

                             S&P Dividend                                        Target          Target
             The Dow(R)       Aristocrats         S&P         S&P Target       Diversified       Focus
          Target Dividend     Target 25        Target 24       SMid 60          Dividend          Four
Year         Strategy          Strategy         Strategy       Strategy         Strategy        Strategy
____      _______________    ____________      __________     __________       ___________      ________
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986                                            19.51%
1987                                             1.90%
1988                                             4.46%
1989                                            22.50%
1990                                             6.60%
1991                                            40.52%
1992       29.85%                               -1.63%
1993       18.06%                                8.20%
1994       -8.66%                                4.96%
1995       46.71%                               39.14%         25.20%           28.09%
1996       15.99%                               31.43%         13.08%           14.91%           27.59%
1997       40.41%                               30.23%         41.93%           25.90%           36.98%
1998        2.85%                               39.98%          4.75%           12.89%           30.78%
1999       -6.77%                               41.30%         23.73%           17.47%           44.84%
2000       25.68%              6.85%             4.01%         13.91%           19.75%            9.46%
2001       40.47%             16.05%           -10.90%         31.86%           29.55%           19.96%
2002       -0.94%            -10.19%           -19.10%         -5.40%          -10.45%          -11.24%
2003       31.91%             19.76%            23.29%         45.15%           46.97%           38.55%
2004       18.74%             17.19%            13.72%         23.37%           20.46%           21.38%
2005        2.13%              3.63%             3.79%          2.94%            1.91%            8.70%
2006       17.46%             18.01%             1.58%         19.56%           15.35%           14.02%
2007        0.95%              5.24%             3.32%         -9.78%           -3.92%            6.78%
2008      -39.62%            -22.21%           -29.28%        -37.76%          -37.10%          -43.49%
2009       14.10%             21.73%            12.23%         59.74%           40.71%           27.02%
2010       15.57%             16.90%            18.28%         14.94%           20.14%           17.68%
2011        5.45%              8.44%             7.05%         -8.93%            3.08%          -11.75%
2012        4.80%             12.46%             8.11%         20.25%           10.70%           12.49%
2013       28.57%             33.44%            42.43%         37.24%           31.54%           31.20%
2014       12.69%             11.55%             7.17%         -0.41%            5.11%            5.62%
2015       -6.17%             -2.87%             2.17%         -9.02%          -13.08%           -8.62%
2016       22.87%             13.34%             0.75%         30.60%           15.79%           18.69%
2017        6.93%             16.65%            19.44%         -0.24%            6.56%            5.51%
2018      -11.48%             -9.06%            -1.34%        -23.86%          -12.43%          -13.27%
2019        8.84%             28.57%            34.03%          3.07%           25.95%            7.14%
2020      -14.27%              2.08%            29.39%        -22.95%           -6.17%           -1.64%
2021       28.15%             28.85%            31.94%         48.84%           24.84%           37.56%
2022       -4.47%             -9.83%           -19.81%        -13.20%           -2.95%          -15.66%
2023       -1.93%              7.44%            25.84%         29.98%           18.78%           13.35%
2024       -0.57%              0.99%             8.56%         -6.12%           -3.86%            7.07%
(thru 6/30)

Page 52


                  COMPARISON OF HYPOTHETICAL TOTAL RETURN(2)

(Strategy figures reflect the deduction of sales charges and expenses but not
                       brokerage commissions or taxes.)
                  Hypothetical Strategy Total Returns(1)(3)

           Target Global
              Dividend         Target           Target      Value Line(R)
              Leaders          Growth            VIP         Target 25
Year          Strategy        Strategy         Strategy       Strategy
____       ______________     ________         ________     ____________
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985                                                         33.21%
1986                                                         20.13%
1987                                                         16.84%
1988                                                         -9.48%
1989                                                         48.06%
1990                                             0.09%        3.05%
1991                                            57.03%       83.63%
1992                                             4.06%       -2.72%
1993                                            22.01%       24.94%
1994                                             2.01%       12.07%
1995                           30.86%           42.84%       52.05%
1996                           24.90%           38.61%       54.08%
1997                           41.04%           25.76%       33.77%
1998         2.68%             37.08%           51.19%       90.88%
1999        12.49%             33.71%           48.73%      111.09%
2000         4.72%              8.32%           -4.56%      -10.46%
2001         7.01%             -4.26%          -11.34%       -0.20%
2002        -7.53%            -10.84%          -21.36%      -23.97%
2003        48.18%             33.93%           34.69%       39.19%
2004        24.60%             16.66%           12.99%       21.69%
2005        11.70%             17.04%            6.70%       19.61%
2006        29.58%             16.77%           11.80%        0.60%
2007        22.20%             19.88%            9.19%       23.45%
2008       -30.11%            -52.55%          -45.95%      -51.47%
2009        53.38%             18.13%           11.96%        3.03%
2010        20.22%             17.08%           18.22%       28.50%
2011         0.37%            -12.57%           -2.10%      -29.33%
2012        12.78%              5.73%           12.18%       14.11%
2013        25.27%             37.07%           36.08%       33.88%
2014         3.15%              6.24%            6.08%        9.87%
2015       -12.36%              8.18%           -4.51%       -9.51%
2016        14.92%             -1.93%            8.19%        5.24%
2017         7.41%             35.22%           19.85%        7.42%
2018       -13.16%            -18.07%           -7.62%       -4.08%
2019        14.50%             33.21%           18.81%        8.57%
2020        -3.45%             22.66%           11.57%       37.17%
2021        21.70%              9.84%           29.45%       41.44%
2022        -5.75%            -21.17%          -16.85%      -34.35%
2023        17.43%             21.44%           12.09%        8.39%
2024         1.25%             26.01%           15.08%       28.42%
(thru 6/30)

Page 53


              COMPARISON OF HYPOTHETICAL TOTAL RETURN(2)

                        Index Total Returns(3)

        Dow Jones
       U.S. Select                             Russell      MSCI All
        Dividend    S&P 500(R)   S&P 1000(R)   3000(R)    Country World
Year    Index(sm)     Index         Index       Index        Index
____   ___________  __________   ___________   _______    _____________
1972                 19.00%
1973                -14.69%
1974                -26.47%
1975                 37.23%
1976                 23.93%
1977                 -7.16%
1978                  6.57%
1979                 18.61%
1980                 32.50%
1981                 -4.92%
1982                 21.55%
1983                 22.56%
1984                  6.27%
1985                 31.72%
1986                 18.67%
1987                  5.25%
1988                 16.56%
1989                 31.62%
1990                 -3.19%
1991                 30.33%
1992     22.65%       7.61%
1993     14.59%      10.04%
1994     -0.19%       1.30%
1995     42.80%      37.50%       30.69%        36.57%
1996     25.08%      22.89%       19.85%        21.63%
1997     37.83%      33.31%       30.26%        31.67%
1998      4.33%      28.55%       13.20%        24.11%     21.97%
1999     -4.08%      21.03%       14.11%        20.96%     26.82%
2000     24.86%      -9.10%       15.86%        -7.30%    -13.94%
2001     13.09%     -11.88%        1.45%       -11.43%    -15.91%
2002     -3.94%     -22.09%      -14.54%       -21.53%    -18.98%
2003     30.16%      28.65%       36.61%        31.02%     34.63%
2004     18.14%      10.87%       18.39%        11.93%     15.75%
2005      3.79%       4.90%       10.93%         6.10%     11.37%
2006     19.54%      15.76%       11.89%        15.67%     21.53%
2007     -5.16%       5.56%        5.18%         5.16%     12.18%
2008    -30.97%     -36.99%      -34.67%       -37.32%    -41.85%
2009     11.13%      26.46%       33.48%        28.29%     35.41%
2010     18.32%      15.08%       26.55%        16.93%     13.21%
2011     12.42%       2.08%       -0.92%         1.00%     -6.86%
2012     10.84%      15.98%       17.40%        16.41%     16.80%
2013     29.06%      32.36%       35.87%        33.55%     23.44%
2014     15.36%      13.65%        8.54%        12.53%      4.71%
2015     -1.64%       1.38%       -2.11%         0.48%     -1.84%
2016     21.98%      11.93%       22.49%        12.70%      8.48%
2017     15.44%      21.80%       15.33%        21.10%     24.62%
2018     -5.94%      -4.39%      -10.30%        -5.24%     -8.93%
2019     23.11%      31.45%       25.14%        30.99%     27.30%
2020     -4.56%      18.39%       12.98%        20.88%     16.82%
2021     32.25%      28.67%       25.35%        25.63%     19.04%
2022      2.31%     -18.12%      -13.98%       -19.21%    -17.96%
2023      1.53%      26.24%       16.35%        25.91%     22.81%
2024      5.02%      15.28%        4.03%        13.55%     11.58%
(thru 6/30)
______________________

See "Notes to Comparison of Hypothetical Total Return" on page 55.

Page 54


               NOTES TO COMPARISON OF HYPOTHETICAL TOTAL RETURN

(1) The Strategy stocks for each Strategy for a given year consist of the
common stocks selected by applying the respective Strategy as of the beginning
of the period (and not the date the Trusts actually sell Units).

(2) Hypothetical Total Return represents the sum of the change in market value
of each group of stocks between the first and last trading day of a period
plus the total dividends paid on each group of stocks during such period
divided by the opening market value of each group of stocks as of the first
trading day of a period. Hypothetical Total Return figures assume that all
dividends are reinvested in the same manner as the corresponding Trust
(monthly or semi-annually) for the hypothetical Strategy returns and monthly
in the case of Index returns (except for the S&P 1000(R) Index, which assumes
daily reinvestment of dividends) and all returns are stated in terms of U.S.
dollars. Hypothetical Strategy figures reflect the deduction of sales charges
and expenses as listed in the "Fee Table," but have not been reduced by
estimated brokerage commissions paid by Trusts in acquiring Securities or any
taxes incurred by investors. If a security which is selected by a Strategy is
merged out of existence, delisted or suffers a similar fate during the period
in which such hypothetical Strategy performance is being measured, such
security will not be replaced by another security during that period and the
return of such security will not be annualized in the calculation of the
hypothetical returns. Based on the year-by-year hypothetical returns contained
in the above tables, over the full years as listed above, with the exception
of The Dow(R) Target Dividend Strategy, the S&P Target SMid 60 Strategy and
the Target Growth Strategy, each hypothetical Strategy would have
hypothetically achieved a greater average annual total return than that of its
corresponding index, as shown in the table below.

Simulated returns are hypothetical, meaning that they do not represent actual
trading, and, thus, may not reflect material economic and market factors, such
as liquidity constraints, that may have had an impact on actual decision
making. The hypothetical performance is the retroactive application of the
Strategy designed with the full benefit of hindsight.

(3) Source of Index Total Returns: Bloomberg L.P.
Source of Hypothetical Strategy Total Returns: CapIQ and Compustat, as
confirmed by Bloomberg L.P. and FactSet.

                                         HYPOTHETICAL COMPARISON OF AVERAGE ANNUAL RETURN FOR PERIODS ENDING DECEMBER 31, 2023

                Hypothetical Strategy Average Annual Return                                                 Index Average Annual Return
                                                             Since                                                                         Since
Strategy                            1 Year  5 Year  10 Year  Inception  Corresponding Index                       1 Year  5 Year  10 Year  Inception
________                            ______  ______  _______  _________  ___________________                       ______  ______  _______  _________
The Dow(R) Target Dividend          -1.93%   2.30%   3.26%    9.17%     Dow Jones U.S. Select Dividend Index(sm)   1.53%  10.05%   9.26%   11.22%
                                                                        S&P 500(R) Index (12/31/91 - 12/31/23)    26.24%  15.66%  12.01%   10.05%
S&P Dividend Aristocrats Target 25   7.44%  10.38%   7.88%    8.90%     S&P 500(R) Index (12/31/99 - 12/31/23)    26.24%  15.66%  12.01%    7.02%
S&P Target 24                       25.84%  18.22%  11.62%   11.63%     S&P 500(R) Index (12/31/85 - 12/31/23)    26.24%  15.66%  12.01%   10.95%
S&P Target SMid 60                  29.98%   5.93%   1.83%    9.83%     S&P 1000(R) Index                         16.35%  12.14%   9.09%   11.46%
Target Diversified Dividend         18.78%  11.20%   5.32%   10.54%     Russell 3000(R) Index                     25.91%  15.14%  11.46%   10.37%
Target Focus Four                   13.35%   6.75%   3.81%    9.81%     S&P 500(R) Index (12/31/95 - 12/31/23)    26.24%  15.66%  12.01%    9.59%
Target Global Dividend Leaders      17.43%   8.29%   3.74%    9.39%     MSCI All Country World Index              22.81%  12.27%   8.48%    6.99%
Target Growth                       21.44%  11.43%   7.93%   10.45%     S&P 500(R) Index (12/31/94 - 12/31/23)    26.24%  15.66%  12.01%   10.45%
Target VIP                          12.09%   9.85%   6.85%   10.65%     S&P 500(R) Index (12/31/89 - 12/31/23)    26.24%  15.66%  12.01%   10.18%
Value Line(R) Target 25              8.39%   8.43%   4.92%   13.83%     S&P 500(R) Index (12/31/84 - 12/31/23)    26.24%  15.66%  12.01%   11.44%

              PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS.

Page 55


                       Public Offering

The Public Offering Price.

Units will be purchased at the Public Offering Price, the price per Unit of
which is comprised of the following:

- The aggregate underlying value of the Securities;

- The amount of any cash in the Income and Capital Accounts;

- Dividends receivable on Securities; and

- The maximum sales charge (which combines an initial upfront sales charge, a
deferred sales charge and the creation and development fee).

The price you pay for your Units will differ from the amount stated under
"Summary of Essential Information" due to various factors, including
fluctuations in the prices of the Securities, changes in the relevant currency
exchange rates, changes in the applicable commissions, stamp taxes, custodial
fees and other costs associated with foreign trading, and changes in the value
of the Income and/or Capital Accounts.

Although you are not required to pay for your Units until one business day
following your order (the "date of settlement"), you may pay before then. You
will become the owner of Units ("Record Owner") on the date of settlement if
payment has been received. If you pay for your Units before the date of
settlement, we may use your payment during this time and it may be considered
a benefit to us, subject to the limitations of the Securities Exchange Act of
1934, as amended.

Organization Costs. Securities purchased with the portion of the Public
Offering Price intended to be used to reimburse the Sponsor for a Trust's
organization costs (including costs of preparing the registration statement,
the Indenture and other closing documents, registering Units with the SEC and
states, licensing fees required for the establishment of certain of the Trusts
under licensing agreements which provide for full payment of the licensing
fees not later than the conclusion of the organization expense period, the
initial audit of each Trust's statement of net assets, legal fees and the
initial fees and expenses of the Trustee) will be purchased in the same
proportionate relationship as all the Securities contained in a Trust.
Securities will be sold to reimburse the Sponsor for a Trust's organization
costs at the end of the initial offering period (a significantly shorter time
period than the life of the Trusts). During the initial offering period, there
may be a decrease in the value of the Securities. To the extent the proceeds
from the sale of these Securities are insufficient to repay the Sponsor for
Trust organization costs, the Trustee will sell additional Securities to allow
a Trust to fully reimburse the Sponsor. In that event, the net asset value per
Unit of a Trust will be reduced by the amount of additional Securities sold.
Although the dollar amount of the reimbursement due to the Sponsor will remain
fixed and will never exceed the per Unit amount set forth for a Trust in
"Notes to Statements of Net Assets," this will result in a greater effective
cost per Unit to Unit holders for the reimbursement to the Sponsor. To the
extent actual organization costs are less than the estimated amount, only the
actual organization costs will ultimately be charged to a Trust. When
Securities are sold to reimburse the Sponsor for organization costs, the
Trustee will sell Securities, to the extent practicable, which will maintain
the same proportionate relationship among the Securities contained in a Trust
as existed prior to such sale.

Minimum Purchase.

The minimum amount per account you can purchase of a Trust is generally $1,000
worth of Units ($500 if you are purchasing Units for your Individual
Retirement Account or any other qualified retirement plan), but such amounts
may vary depending on your selling firm.

Maximum Sales Charge.

The maximum sales charge of 1.85% per Unit is comprised of a transactional
sales charge and a creation and development fee. After the initial offering
period the maximum sales charge will be reduced by 0.50%, to reflect the
amount of the previously charged creation and development fee.

Transactional Sales Charge.

The transactional sales charge you will pay has both an initial and a deferred
component.

Initial Sales Charge. The initial sales charge, which you will pay at the time
of purchase, is equal to the difference between the maximum sales charge of
1.85% of the Public Offering Price and the sum of the maximum remaining
deferred sales charge and creation and development fee (initially $.185 per
Unit). On the Initial Date of Deposit, and any other day the Public Offering
Price per Unit equals $10.00, there is no initial sales charge. Thereafter,
you will pay an initial sales charge when the Public Offering Price per Unit
exceeds $10.00 per Unit and as deferred sales charge and creation and
development fee payments are made.

Monthly Deferred Sales Charge. In addition, three monthly deferred sales
charges of $.045 per Unit will be deducted from a Trust's assets on
approximately the twentieth day of each month from October 18, 2024 through

Page 56


December 20, 2024. If you buy Units at a price of less than $10.00 per Unit,
the dollar amount of the deferred sales charge will not change, but the
deferred sales charge on a percentage basis will be more than 1.35% of the
Public Offering Price.

Creation and Development Fee.

As Sponsor, we will also receive, and the Unit holders will pay, a creation
and development fee. See "Expenses and Charges" for a description of the
services provided for this fee. The creation and development fee is a charge
of $.050 per Unit collected at the end of the initial offering period. If you
buy Units at a price of less than $10.00 per Unit, the dollar amount of the
creation and development fee will not change, but the creation and development
fee on a percentage basis will be more than 0.50% of the Public Offering Price.

Discounts for Certain Persons.

The maximum sales charge is 1.85% per Unit and the maximum dealer concession
is 1.25% per Unit.

If you are purchasing Units for an investment account, the terms of which
provide that your registered investment advisor or registered broker/dealer
(a) charges periodic fees in lieu of commissions; (b) charges for financial
planning, investment advisory or asset management services; or (c) charges a
comprehensive "wrap fee" or similar fee for these or comparable services ("Fee
Accounts"), you will not be assessed the transactional sales charge described
above on such purchases. These Units will be designated as Fee Account Units
and, depending upon the purchase instructions we receive, assigned either a
Fee Account Cash CUSIP Number, if you elect to have distributions paid to you,
or a Fee Account Reinvestment CUSIP Number, if you elect to have distributions
reinvested into additional Units of a Trust. Certain Fee Account Unit holders
may be assessed transaction or other account fees on the purchase and/or
redemption of such Units by their registered investment advisor, broker/dealer
or other processing organizations for providing certain transaction or account
activities. Fee Account Units are not available for purchase in the secondary
market. We reserve the right to limit or deny purchases of Units not subject
to the transactional sales charge by investors whose frequent trading activity
we determine to be detrimental to the Trusts.

Employees, officers and directors (and immediate family members) of the
Sponsor, our related companies, and dealers and their affiliates will purchase
Units at the Public Offering Price less the applicable dealer concession,
subject to the policies of the related selling firm. Immediate family members
include spouses, or the equivalent if recognized under local law, children or
step-children under the age of 21 living in the same household, parents or
step-parents and trustees, custodians or fiduciaries for the benefit of such
persons. Only employees, officers and directors of companies that allow their
employees to participate in this employee discount program are eligible for
the discounts.

You will be charged the deferred sales charge per Unit regardless of the price
you pay for your Units or whether you are eligible to receive any discounts.
However, if the purchase price of your Units was less than $10.00 per Unit or
if you are eligible to receive a discount such that the maximum sales charge
you must pay is less than the applicable maximum deferred sales charge,
including Fee Account Units, you will be credited additional Units with a
dollar value equal to the difference between your maximum sales charge and the
maximum deferred sales charge at the time you buy your Units. If you elect to
have distributions reinvested into additional Units of a Trust, in addition to
the reinvestment Units you receive you will also be credited additional Units
with a dollar value at the time of reinvestment sufficient to cover the amount
of any remaining deferred sales charge and creation and development fee to be
collected on such reinvestment Units. The dollar value of these additional
credited Units (as with all Units) will fluctuate over time, and may be less
on the dates deferred sales charges or the creation and development fee are
collected than their value at the time they were issued.

The Value of the Securities.

The Sponsor will determine the aggregate underlying value of the Securities in
a Trust as of the Evaluation Time on each business day and will adjust the
Public Offering Price of the Units according to this valuation. This Public
Offering Price will be effective for all orders received before the Evaluation
Time on each such day. If we or the Trustee receive orders for purchases,
sales or redemptions after that time, or on a day which is not a business day,
they will be held until the next determination of price. The term "business
day" as used in this prospectus shall mean any day on which the NYSE is open.
For purposes of Securities and Unit settlement, the term business day does not
include days on which U.S. financial institutions are closed.

The aggregate underlying value of the Securities in the Trusts will be
determined as follows: if the Securities are listed on a national or foreign
securities exchange or Nasdaq, Inc., their value shall generally be based on
the closing sale price on the exchange or system which is the principal market
therefore ("Primary Exchange"), which shall be deemed to be the NYSE if the

Page 57


Securities are listed thereon (unless the Sponsor deems such price
inappropriate as the basis for evaluation). In the event a closing sale price
on the Primary Exchange is not published, the Securities will be valued based
on the last trade price on the Primary Exchange. If no trades occur on the
Primary Exchange for a specific trade date, the value will be based on the
closing sale price from, in the opinion of the Sponsor, an appropriate
secondary exchange, if any. If no trades occur on the Primary Exchange or any
appropriate secondary exchange on a specific trade date, the Sponsor will
determine the value of the Securities using the best information available to
the Sponsor, which may include the prior day's evaluated price. If the
Security is an American Depositary Receipt/ADR, Global Depositary Receipt/GDR
or other similar security in which no trade occurs on the Primary Exchange or
any appropriate secondary exchange on a specific trade date, the value will be
based on the evaluated price of the underlying security, determined as set
forth above, after applying the appropriate ADR/GDR ratio, the exchange rate
and such other information which the Sponsor deems appropriate. For purposes
of valuing Securities traded on Nasdaq, Inc., closing sale price shall mean
the Nasdaq(R) Official Closing Price as determined by Nasdaq, Inc. If the
Securities are not so listed or, if so listed and the principal market
therefore is other than on the Primary Exchange or any appropriate secondary
exchange, the value shall generally be based on the current ask price on the
over-the-counter market (unless the Sponsor deems such price inappropriate as
a basis for evaluation). If current ask prices are unavailable, the value is
generally determined (a) on the basis of current ask prices for comparable
securities, (b) by appraising the value of the Securities on the ask side of
the market, or (c) any combination of the above. If such prices are in a
currency other than U.S. dollars, the value of such Security shall be
converted to U.S. dollars based on current exchange rates (unless the Sponsor
deems such prices inappropriate as a basis for evaluation). If the Sponsor
deems a price determined as set forth above to be inappropriate as the basis
for evaluation, the Sponsor shall use such other information available to the
Sponsor which it deems appropriate as the basis for determining the value of a
Security.

After the initial offering period is over, the aggregate underlying value of
the Securities will be determined as set forth above, except that bid prices
are used instead of ask prices when necessary.

                    Distribution of Units

We intend to qualify Units of the Trusts for sale in a number of states. All
Units will be sold at the then current Public Offering Price.

The Sponsor compensates intermediaries, such as broker/dealers and banks, for
their activities that are intended to result in sales of Units of the Trusts.
This compensation includes dealer concessions described in the following
section and may include additional concessions and other compensation and
benefits to broker/dealers and other intermediaries.

Dealer Concessions.

Dealers and other selling agents can purchase Units at prices which reflect a
concession or agency commission of 1.25% of the Public Offering Price per
Unit, subject to reductions set forth in "Public Offering-Discounts for
Certain Persons."

Eligible dealer firms and other selling agents who, during the previous
consecutive 12-month period through the end of the most recent month, sold
primary market units of unit investment trusts sponsored by us in the dollar
amounts shown below will be entitled to up to the following additional sales
concession on primary market sales of units during the current month of unit
investment trusts sponsored by us:

Total sales                                Additional
(in millions)                              Concession
_____________________________________________________
$25 but less than $100                         0.035%
$100 but less than $150                        0.050%
$150 but less than $250                        0.075%
$250 but less than $1,000                      0.100%
$1,000 but less than $5,000                    0.125%
$5,000 but less than $7,500                    0.150%
$7,500 or more                                 0.175%

Dealers and other selling agents will not receive a concession on the sale of
Units which are not subject to a transactional sales charge, but such Units
will be included in determining whether the above volume sales levels are met.
Eligible dealer firms and other selling agents include clearing firms that
place orders with First Trust and provide First Trust with information with
respect to the representatives who initiated such transactions. Eligible
dealer firms and other selling agents will not include firms that solely
provide clearing services to other broker/dealer firms or firms who place
orders through clearing firms that are eligible dealers. We reserve the right
to change the amount of concessions or agency commissions from time to time.

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Certain commercial banks may be making Units of the Trusts available to their
customers on an agency basis. A portion of the transactional sales charge paid
by these customers is kept by or given to the banks in the amounts shown above.

Other Compensation and Benefits to Broker/Dealers.

The Sponsor, at its own expense and out of its own profits, currently provides
additional compensation and benefits to broker/dealers who sell Units of these
Trusts and other First Trust products. This compensation is intended to result
in additional sales of First Trust products and/or compensate broker/dealers
and financial advisors for past sales. A number of factors are considered in
determining whether to pay these additional amounts. Such factors may include,
but are not limited to, the level or type of services provided by the
intermediary, the level or expected level of sales of First Trust products by
the intermediary or its agents, the placing of First Trust products on a
preferred or recommended product list, access to an intermediary's personnel,
and other factors. The Sponsor makes these payments for marketing, promotional
or related expenses, including, but not limited to, expenses of entertaining
retail customers and financial advisers, advertising, sponsorship of events or
seminars, obtaining information about the breakdown of unit sales among an
intermediary's representatives or offices, obtaining shelf space in
broker/dealer firms and similar activities designed to promote the sale of the
Sponsor's products. The Sponsor makes such payments to a substantial majority
of intermediaries that sell First Trust products. The Sponsor may also make
certain payments to, or on behalf of, intermediaries to defray a portion of
their costs incurred for the purpose of facilitating Unit sales, such as the
costs of developing or purchasing trading systems to process Unit trades.
Payments of such additional compensation described in this and the preceding
paragraph, some of which may be characterized as "revenue sharing," create a
conflict of interest by influencing financial intermediaries and their agents
to sell or recommend a First Trust product, including these Trusts, over
products offered by other sponsors or fund companies. These arrangements will
not change the price you pay for your Units.

Advertising and Investment Comparisons.

Advertising materials regarding a Trust may discuss several topics, including:
developing a long-term financial plan; working with your financial
professional; the nature and risks of various investment strategies and unit
investment trusts that could help you reach your financial goals; the
importance of discipline; how a Trust operates; how securities are selected;
various unit investment trust features such as convenience and costs; and
options available for certain types of unit investment trusts. These materials
may include descriptions of the principal businesses of the companies
represented in each Trust, research analysis of why they were selected and
information relating to the qualifications of the persons or entities
providing the research analysis. In addition, they may include research
opinions on the economy and industry sectors included and a list of investment
products generally appropriate for pursuing those recommendations.

From time to time we may compare the estimated returns of a Trust (which may
show performance net of the expenses and charges a Trust would have incurred)
and returns over specified periods of other similar trusts we sponsor in our
advertising and sales materials, with (1) returns on other taxable investments
such as the common stocks comprising various market indexes, corporate or U.S.
Government bonds, bank CDs and money market accounts or funds, (2) performance
data from Morningstar, Inc. or (3) information from publications such as
Money, The New York Times, U.S. News and World Report, Bloomberg Businessweek,
Forbes or Fortune. The investment characteristics of each Trust differ from
other comparative investments. You should not assume that these performance
comparisons will be representative of a Trust's future performance. We may
also, from time to time, use advertising which classifies trusts or portfolio
securities according to capitalization and/or investment style.

                    The Sponsor's Profits

We will receive a gross sales commission equal to the maximum transactional
sales charge per Unit less any reduction as stated in "Public Offering." We
will also receive the amount of any collected creation and development fee.
Also, any difference between our cost to purchase the Securities and the price
at which we sell them to a Trust is considered a profit or loss (see Note 2 of
"Notes to Schedules of Investments"). During the initial offering period,
dealers and others may also realize profits or sustain losses as a result of
fluctuations in the Public Offering Price they receive when they sell the Units.

In maintaining a market for the Units, any difference between the price at
which we purchase Units and the price at which we sell or redeem them will be
a profit or loss to us.

Page 59


                    The Secondary Market

Although not obligated, we may maintain a market for the Units after the
initial offering period and continuously offer to purchase Units at prices
based on the Redemption Price per Unit.

We will pay all expenses to maintain a secondary market, except fees to value
Trust Securities and Trustee costs to transfer and record the ownership of
Units. We may discontinue purchases of Units at any time. IF YOU WISH TO
DISPOSE OF YOUR UNITS, YOU SHOULD ASK US FOR THE CURRENT MARKET PRICES BEFORE
MAKING A TENDER FOR REDEMPTION TO THE TRUSTEE. If you sell or redeem your
Units before you have paid the total deferred sales charge on your Units, you
will have to pay the remainder at that time.

                    How We Purchase Units

The Trustee will notify us of any tender of Units for redemption. If our bid
at that time is equal to or greater than the Redemption Price per Unit, we may
purchase the Units. You will receive your proceeds from the sale no later than
if they were redeemed by the Trustee. We may tender Units we hold to the
Trustee for redemption as any other Units. If we elect not to purchase Units,
the Trustee may sell tendered Units in the over-the-counter market, if any.
However, the amount you will receive is the same as you would have received on
redemption of the Units.

                    Expenses and Charges

The estimated annual expenses of each Trust are listed under "Fee Table." If
actual expenses of a Trust exceed the estimate, that Trust will bear the
excess. The Trustee will pay operating expenses of the Trusts from the Income
Account of such Trust if funds are available, and then from the Capital
Account. The Income and Capital Accounts are non-interest-bearing to Unit
holders, so the Trustee may earn interest on these funds, thus benefiting from
their use.

First Trust Advisors L.P., an affiliate of ours, acts as Portfolio Supervisor
and will be compensated for providing portfolio supervisory services as well
as bookkeeping and other administrative services to the Trusts. In providing
portfolio supervisory services, the Portfolio Supervisor may purchase research
services from a number of sources, which may include underwriters or dealers
of the Trusts. As Sponsor, we will be compensated for providing evaluation
services and we will receive brokerage fees when the Trusts use us (or an
affiliate of ours) as agent in buying or selling Securities. As authorized by
the Indenture, the Trustee may employ a subsidiary or affiliate of the Trustee
to act as broker to execute certain transactions for a Trust. Each Trust will
pay for such services at standard commission rates.

The fees payable to the Sponsor, First Trust Advisors L.P. and the Trustee are
based on the largest aggregate number of Units of a Trust outstanding at any
time during the calendar year, except during the initial offering period, in
which case these fees are calculated based on the largest number of Units
outstanding during the period for which compensation is paid. These fees may
be adjusted for inflation without Unit holders' approval, but in no case will
the annual fees paid to us or our affiliates for providing services to all
unit investment trusts be more than the actual cost of providing such services
in such year.

As Sponsor, we will receive a fee from each Trust for creating and developing
the Trusts, including determining each Trust's objectives, policies,
composition and size, selecting service providers and information services and
for providing other similar administrative and ministerial functions. The
"creation and development fee" is a charge of $.050 per Unit outstanding at
the end of the initial offering period. The Trustee will deduct this amount
from a Trust's assets as of the close of the initial offering period. We do
not use this fee to pay distribution expenses or as compensation for sales
efforts. This fee will not be deducted from your proceeds if you sell or
redeem your Units before the end of the initial offering period.

In addition to a Trust's operating expenses and those fees described above,
the Trusts may also incur the following charges:

- All legal expenses of the Trustee according to its responsibilities under
the Indenture;

- The expenses and costs incurred by the Trustee to protect a Trust and your
rights and interests (i.e., participating in litigation concerning a portfolio
security) and the costs of indemnifying the Trustee;

- Fees for any extraordinary services the Trustee performed under the Indenture;

- Payment for any loss, liability or expense the Trustee incurred without
negligence, bad faith or willful misconduct on its part, in connection with
its acceptance or administration of a Trust;

- Payment for any loss, liability or expenses we incurred without negligence,
bad faith or willful misconduct in acting as Sponsor of a Trust;

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- Foreign custodial and transaction fees (which may include compensation paid
to the Trustee or its subsidiaries or affiliates), if any; and/or

- All taxes and other government charges imposed upon the Securities or any
part of a Trust.

The above expenses and the Trustee's annual fee are secured by a lien on the
Trusts. In addition, if there is not enough cash in the Income or Capital
Accounts, the Trustee has the power to sell Securities to make cash available
to pay these charges which may result in capital gains or losses to you. See
"Tax Status."

                         Tax Status

Federal Tax Matters.

This section discusses some of the main U.S. federal income tax consequences
of owning Units of a Trust as of the date of this prospectus. Tax laws and
interpretations change frequently, and this summary does not describe all of
the tax consequences to all taxpayers. For example, this summary generally
does not describe your situation if you are a broker/dealer or other investor
with special circumstances. In addition, this section may not describe your
state, local or non-U.S. tax consequences.

This federal income tax summary is based in part on the advice of counsel to
the Sponsor. The Internal Revenue Service ("IRS") could disagree with any
conclusions set forth in this section. In addition, our counsel may not have
been asked to review, and may not have reached a conclusion with respect to
the federal income tax treatment of the assets to be deposited in the Trusts.
This summary may not be sufficient for you to use for the purpose of avoiding
penalties under federal tax law.

As with any investment, you should seek advice based on your individual
circumstances from your own tax advisor.

Grantor Trusts.
---------------

The following discussion pertains to The Dow(R) Target Dividend Portfolio, S&P
Target 24 Portfolio and Value Line(R) Target 25 Portfolio, which are
considered grantor trusts under federal tax laws.

Trust Status.

Unit investment trusts maintain both Income and Capital Accounts, regardless
of tax structure. Please refer to the "Income and Capital Distributions"
section of the prospectus for more information.

The Trusts intend to qualify as grantor trusts under the federal tax laws. If
a Trust qualifies as a grantor trust, such Trust will not be taxed as a
corporation for federal income tax purposes and will not pay federal income
taxes. For federal income tax purposes, in grantor trusts you are deemed to
own a pro rata portion of the underlying assets of a Trust directly, and as
such you will be considered to have received a pro rata share of income. All
taxability issues are taken into account at the Unit holder level.

Income from the Trusts.

Income realized by a Trust passes through and is treated as income of the Unit
holders. Income is reported without any deduction for expenses. Expenses are
separately reported. Generally, the income paid to Unit holders is net the
expenses of a Trust, but the income reportable by Unit holders is gross the
expenses of such Trust.

You may be required to recognize income for federal income tax purposes in one
year even if you do not receive a corresponding distribution from a Trust, or
do not receive the corresponding distribution from such Trust until a later
year. This is true even if you elect to have your distributions reinvested
into additional Units. In addition, the income that you must take into account
for federal income tax purposes is not reduced by amounts used to pay sales
charges or Trust expenses.

Some income from a Trust's assets may have been received as long-term capital
gains, which, if you are an individual, is generally taxed at a lower rate
than your ordinary income and short-term capital gain income. Income from a
Trust's assets (including capital gain income) may also be subject to a
"Medicare tax" if your adjusted gross income exceeds certain threshold amounts.

Certain Stock Dividends.

Ordinary income dividends paid on certain stock held by a Trust are generally
taxed at the same rates that apply to long-term capital gains, provided
certain holding period requirements are satisfied and provided the dividends
are attributable to qualifying dividend income ("QDI") received by the Trust
itself. Ordinary income dividends that do not meet these requirements will
generally be taxed at ordinary income tax rates. After the end of the tax
year, each Trust will provide a tax statement to its Unit holders reporting
the amount of any distribution which may be taken into account as a dividend
which is eligible for the capital gains tax rates.

Unit holders that are corporations may be eligible for the dividends received
deduction on qualifying dividends received by a Trust from certain corporations.

Page 61


Sale of Units.

If you sell your Units (whether to a third party or to your Trust), you will
generally recognize a taxable gain or loss. To determine the amount of this
gain or loss, you must subtract your (adjusted) tax basis in your Trust's
assets from the amount you receive from the sale. You can generally determine
your original tax basis in each Trust's asset by apportioning the cost of your
Units, including sales charges, among the Trust assets ratably according to
their values on the date you acquire your Units. In certain circumstances,
however, you may have to use information provided by the Trustee to adjust
your tax basis after you acquire your Units (for example, in the case of
certain corporate events affecting an issuer, such as stock splits or mergers,
or in the case of certain dividends that exceed a corporation's accumulated
earnings and profits).

The tax statement you receive may contain information to allow you to
calculate and adjust your basis in a Trust's assets and determine whether any
gain or loss recognized by you should be considered long-term capital gain,
short-term capital gain or return of capital. The information reported to you
is based upon rules that do not take into consideration all of the facts that
may be known to you or to your advisors. You should consult with your tax
advisor about any adjustments that may need to be made to the information
reported to you in determining the amount of your gain or loss.

Under the wash sale rules, all or a portion of any loss you may recognize on a
disposition of your Units or on a disposition of assets by a Trust may be
disallowed if you purchase stocks or other assets that are the same as or
substantially identical to any of the assets held directly or indirectly
through such Trust within 30 days of the disposition.

Distribution Reinvestment Option.

If you elect to reinvest your distributions into additional Units, you will be
treated as if you have received your distribution in an amount equal to the
distribution you are entitled to. Your tax liability will be the same as if
you received the distribution in cash. Also, the reinvestment would generally
be considered a purchase of new Units for federal income tax purposes.

Treatment of Trust Expenses.

Generally, for federal income tax purposes, you must take into account your
full pro rata share of your Trust's income, even if some of that income is
used to pay Trust expenses. You may not be able to take a deduction for some
or all of these expenses even if the cash you receive is reduced by such
expenses.

Investments in Certain Non-U.S. Corporations.

A foreign corporation will generally be treated as a passive foreign
investment company ("PFIC") if 75% or more of its income is passive income or
if 50% or more of its assets are held to produce passive income. If a Trust
purchases shares in PFICs, you may be subject to U.S. federal income tax on a
portion of certain distributions from the PFICs or on gains from the
disposition of such PFIC shares at tax rates that were applicable in prior
years and any gain may be recharacterized as ordinary income that is not
eligible for the lower net capital gains tax rate. Additional charges in the
form of interest may also be imposed on you. Certain elections may be
available with respect to PFICs that would limit these consequences. However,
these elections would require you to include certain income of the PFICs in
your taxable income even if not distributed to a Trust or to you, or require
you to annually recognize as ordinary income any increase in the value of the
shares of the PFICs, thus requiring you to recognize income for federal income
tax purposes in excess of your actual distributions from PFICs and proceeds
from dispositions of PFIC stock during a particular year. Dividends paid by
PFICs are not treated as QDI to shareholders of the PFICs.

Non-U.S. Financial Accounts.

A Trust may directly or indirectly hold financial accounts outside of the
United States. You may have certain reporting obligations to the United States
Treasury Department under its rules relating to the reporting of foreign bank
and financial accounts (commonly known as "FBAR"). You should consult with
your tax advisor as to any reporting obligations that you may have as a result
of your investment in a Trust.

Non-U.S. Investors.

If you are a non-U.S. investor, distributions from a Trust treated as
dividends will generally be subject to a U.S. withholding tax of 30% of the
distribution. Certain dividends, such as capital gains dividends, short-term
capital gains dividends, and distributions that are attributable to exempt-
interest income or certain other interest income, may not be subject to U.S.
withholding taxes. In addition, some non-U.S. investors may be eligible for a
reduction or elimination of U.S. withholding taxes under a treaty. However,
the qualification for those exclusions may not be known at the time of the
distribution and some excluded income may be taken into consideration for
alternative minimum tax purposes.

Separately, the United States, pursuant to the Foreign Account Tax Compliance
Act ("FATCA") imposes a 30% tax on certain non-U.S. entities that receive U.S.

Page 62


source interest or dividends if the non-U.S. entity does not comply with
certain U.S. disclosure and reporting requirements. This FATCA tax also
currently applies to the gross proceeds from the disposition of securities
that produce U.S. source interest or dividends. However, proposed regulations
may eliminate the requirement to withhold on payments of gross proceeds from
dispositions.

It is the responsibility of the entity through which you hold your Units to
determine the applicable withholding.

Foreign Tax Credit.

If a Trust directly or indirectly invests in non-U.S. stocks, the tax
statement that you receive may include an item showing foreign taxes such
Trust paid to other countries. You may be able to deduct or receive a tax
credit for your share of these taxes. A Trust would have to meet certain IRS
requirements in order to pass through credits to you.

In-Kind Distributions.

If permitted by this prospectus, as described in "Redeeming Your Units," you
may request an In-Kind Distribution of a Trust's assets when you redeem your
Units at any time prior to 30 business days before the Trust's Mandatory
Termination Date. However, this ability to request an In-Kind Distribution
will terminate at any time that the number of outstanding Units has been
reduced to 10% or less of the highest number of Units issued by a Trust. You
will not recognize gain or loss if you only receive whole Trust assets in
exchange for the identical amount of your pro rata portion of the same Trust
assets held by your Trust. However, if you also receive cash in exchange for a
Trust asset or a fractional portion of a Trust asset, you will generally
recognize gain or loss based on the difference between the amount of cash you
receive and your tax basis in such Trust asset or fractional portion.

Rollovers.

If you elect to have your proceeds from a Trust rolled over into a future
series of such Trust, the exchange would generally be considered a sale for
federal income tax purposes. Under the wash sale rules, if the series into
which you roll your proceeds holds the same or substantially identical assets,
any loss you recognize on the rollover will be disallowed.

State and Local Taxes.

Based on the advice of Carter Ledyard & Milburn, LLP, special counsel to the
Trusts for New York tax matters, under the existing income tax laws of the
State and City of New York, assuming that the Trusts are not treated as
corporations for federal income tax purposes, the Trusts will not be taxed as
corporations for New York State and New York City tax purposes, and the income
of the Trusts will be treated as the income of the Unit holders in the same
manner as for federal income tax purposes.

Regulated Investment Company Trusts.
------------------------------------

The following discussion pertains to the S&P Dividend Aristocrats Target 25
Portfolio, the S&P Target SMid 60 Portfolio, Target Diversified Dividend
Portfolio, Target Focus Four Portfolio, Target Global Dividend Leaders
Portfolio, Target Growth Portfolio and Target VIP Portfolio, each of which
intends to qualify as a "regulated investment company," commonly called a
"RIC," under federal tax laws.

Trust Status.

Unit investment trusts maintain both Income and Capital Accounts, regardless
of tax structure. Please refer to the "Income and Capital Distributions"
section of the prospectus for more information.

Each Trust intends to qualify as a "regulated investment company," commonly
known as a "RIC," under the federal tax laws. If a Trust qualifies as a RIC
and distributes its income as required by the tax law, such Trust generally
will not pay federal income taxes. For federal income tax purposes, you are
treated as the owner of the Trust Units and not of the assets held by a Trust.

Income from the Trusts.

Trust distributions are generally taxable. After the end of each year, you
will receive a tax statement that separates a Trust's distributions into
ordinary income dividends, capital gain dividends and return of capital.
Income reported is generally net of expenses (but see "Treatment of Trust
Expenses" below). Ordinary income dividends are generally taxed at your
ordinary income tax rate, however, certain dividends received from a Trust may
be taxed at the capital gains tax rates. Generally, all capital gain dividends
are treated as long-term capital gains regardless of how long you have owned
your Units. In addition, a Trust may make distributions that represent a
return of capital for tax purposes and will generally not be currently taxable
to you, although they generally reduce your tax basis in your Units and thus
increase your taxable gain or decrease your loss when you dispose of your
Units. The tax laws may require you to treat distributions made to you in
January as if you had received them on December 31 of the previous year.

Some distributions from a Trust may qualify as long-term capital gains, which,
if you are an individual, is generally taxed at a lower rate than your

Page 63


ordinary income and short-term capital gain income. However, capital gain
received from assets held for more than one year that is considered
"unrecaptured section 1250 gain" (which may be the case, for example, with
some capital gains attributable to equity interests in REITs) is taxed at a
higher rate. The distributions from a Trust that you must take into account
for federal income tax purposes are not reduced by the amount used to pay a
deferred sales charge, if any. Distributions from a Trust, including capital
gains, may also be subject to a "Medicare tax" if your adjusted gross income
exceeds certain threshold amounts.

Certain Stock Dividends.

Ordinary income dividends received by an individual Unit holder from RICs such
as the Trusts are generally taxed at the same rates that apply to long-term
capital gains, provided certain holding period requirements are satisfied and
provided the dividends are attributable to qualifying dividend income ("QDI")
received by a Trust itself. Dividends that do not meet these requirements will
generally be taxed at ordinary income tax rates. After the end of the tax
year, each Trust will provide a tax statement to its Unit holders reporting
the amount of any distribution which may be taken into account as a dividend
which is eligible for the capital gains tax rates.

Unit holders that are corporations may be eligible for the dividends received
deduction with respect to certain ordinary income dividends on Units that are
attributable to qualifying dividends received by a Trust from certain
corporations.

Because certain Trusts hold REIT shares, some dividends may be designated by
the REIT as capital gain dividends and, therefore, distributions from such
Trusts attributable to such dividends and designated by the Trusts as capital
gain dividends may be taxable to you as capital gains. If you hold a Unit for
six months or less, any loss incurred by you related to the sale of such Unit
will be treated as a long-term capital loss to the extent of any long-term
capital gain distributions received (or deemed to have been received) with
respect to such Unit.

Some portion of the dividends on your Units that are attributable to dividends
received by a Trust from REIT shares may be designated by a Trust as eligible
for a deduction for qualified business income.

Sale of Units.

If you sell your Units (whether to a third party or to a Trust), you will
generally recognize a taxable gain or loss. To determine the amount of this
gain or loss, you must subtract your (adjusted) tax basis in your Units from
the amount you receive from the sale. Your original tax basis in your Units is
generally equal to the cost of your Units, including sales charges. In some
cases, however, you may have to adjust your tax basis after you purchase your
Units, in which case your gain would be calculated using your adjusted basis.

The tax statement you receive in regard to the sale or redemption of your
Units may contain information about your basis in the Units and whether any
gain or loss recognized by you should be considered long-term or short-term
capital gain. The information reported to you is based upon rules that do not
take into consideration all of the facts that may be known to you or to your
advisors. You should consult with your tax advisor about any adjustments that
may need to be made to the information reported to you in determining the
amount of your gain or loss.

Distribution Reinvestment Option.

If you elect to reinvest your distributions into additional Units, you will be
treated as if you have received your distribution in an amount equal to the
distribution you are entitled to. Your tax liability will be the same as if
you received the distribution in cash. Also, the reinvestment would generally
be considered a purchase of new Units for federal income tax purposes.

Treatment of Trust Expenses.

Expenses incurred and deducted by a Trust will generally not be treated as
income taxable to you. In some cases, however, you may be required to treat
your portion of these Trust expenses as income. You may not be able to take a
deduction for some or all of these expenses even if the cash you receive is
reduced by such expenses.

Investments in Certain Non-U.S. Corporations.

A foreign corporation will generally be treated as a passive foreign
investment company ("PFIC") if 75% or more of its income is passive income or
if 50% or more of its assets are held to produce passive income.  If a Trust
holds an equity interest in PFICs, such Trust could be subject to U.S. federal
income tax and additional interest charges on gains and certain distributions
from the PFICs, even if all the income or gain is distributed in a timely
fashion to such Trust Unit holders. A Trust will not be able to pass through
to its Unit holders any credit or deduction for such taxes if the taxes are
imposed at the Trust level. A Trust may be able to make an election that could
limit the tax imposed on such Trust. In this case, a Trust would recognize as

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ordinary income any increase in the value of such PFIC shares, and as ordinary
loss any decrease in such value to the extent it did not exceed prior
increases included in income.

Under this election, a Trust might be required to recognize income in excess
of its distributions from the PFICs and its proceeds from dispositions of PFIC
stock during that year, and such income would nevertheless be subject to the
distribution requirement and would be taken into account for purposes of
determining the application of the 4% excise tax imposed on RICs that do not
meet certain distribution thresholds. Dividends paid by PFICs are not treated
as QDI to shareholders of the PFICs.

Non-U.S. Investors.

If you are a non-U.S. investor, distributions from a Trust treated as
dividends will generally be subject to a U.S. withholding tax of 30% of the
distribution. Certain dividends, such as capital gains dividends and short-
term capital gains dividends may not be subject to U.S. withholding taxes. In
addition, some non-U.S. investors may be eligible for a reduction or
elimination of U.S. withholding taxes under a treaty. However, the
qualification for those exclusions may not be known at the time of the
distribution and some excluded income may be taken into consideration for
alternative minimum tax purposes.

Separately, the United States, pursuant to the Foreign Account Tax Compliance
Act ("FATCA") imposes a 30% tax on certain non-U.S. entities that receive U.S.
source interest or dividends if the non-U.S. entity does not comply with
certain U.S. disclosure and reporting requirements. This FATCA tax also
currently applies to the gross proceeds from the disposition of securities
that produce U.S. source interest or dividends. However, proposed regulations
may eliminate the requirement to withhold on payments of gross proceeds from
dispositions.

It is the responsibility of the entity through which you hold your Units to
determine the applicable withholding.

Foreign Tax Credit.

If a Trust directly or indirectly invests in non-U.S. stocks, the tax
statement that you receive may include an item showing foreign taxes such
Trust paid to other countries. You may be able to deduct or receive a tax
credit for your share of these taxes. A Trust would have to meet certain IRS
requirements in order to pass through credits to you.

In-Kind Distributions.

If permitted by this prospectus, as described in "Redeeming Your Units," you
may request an In-Kind Distribution of a Trust's assets when you redeem your
Units. This distribution is subject to tax, and you will generally recognize
gain or loss, generally based on the value at that time of the securities and
the amount of cash received.

Rollovers.

If you elect to have your proceeds from your Trust rolled over into a future
series of the Trust, the exchange would generally be considered a sale for
federal income tax purposes.

You should consult your tax advisor regarding potential foreign, state or
local taxation with respect to your Units.

                      Retirement Plans

You may purchase Units of the Trusts for:

- Individual Retirement Accounts;

- Keogh Plans;

- Pension funds; and

- Other tax-deferred retirement plans.

Generally, the federal income tax on capital gains and income received in each
of the above plans is deferred until you receive distributions. These
distributions are generally treated as ordinary income but may, in some cases,
be eligible for special averaging or tax-deferred rollover treatment. Before
participating in a plan like this, you should review the tax laws regarding
these plans and consult your attorney or tax advisor. Brokerage firms and
other financial institutions offer these plans with varying fees and charges.

                   Rights of Unit Holders

Unit Ownership.

Ownership of Units will not be evidenced by certificates. If you purchase or
hold Units through a broker/dealer or bank, your ownership of Units will be
recorded in book-entry form at the Depository Trust Company ("DTC") and
credited on its records to your broker/dealer's or bank's DTC account.
Transfer of Units will be accomplished by book entries made by DTC and its
participants if the Units are registered to DTC or its nominee, Cede & Co. DTC
will forward all notices and credit all payments received in respect of the
Units held by the DTC participants. You will receive written confirmation of
your purchases and sales of Units from the broker/dealer or bank through which
you made the transaction. You may transfer your Units by contacting the
broker/dealer or bank through which you hold your Units.

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Unit Holder Reports.

The Trustee will prepare a statement detailing the per Unit amounts (if any)
distributed from the Income Account and Capital Account in connection with
each distribution. In addition, at the end of each calendar year, the Trustee
will prepare a statement which contains the following information:

- A summary of transactions in the Trusts for the year;

- A list of any Securities sold during the year and the Securities held at the
end of that year by the Trusts;

- The Redemption Price per Unit, computed on the 31st day of December of such
year (or the last business day before); and

- Amounts of income and capital distributed during the year.

By February 15th yearly, the Annual Reports are posted to the Sponsor's
website (www.ftportfolios.com) in the UIT Tax Center and retrievable by CUSIP.
You may also request one be sent to you by calling the Sponsor at 800-621-
1675, dept. code 2. In addition, you may also request from the Trustee copies
of the evaluations of the Securities as prepared by the Sponsor to enable you
to comply with applicable federal and state tax reporting requirements.

              Income and Capital Distributions

You will be eligible to receive distributions, if any, on your Units only
after you become a Record Owner. The Trustee will credit dividends received on
a Trust's Securities to the Income Account of such Trust. All other receipts,
such as return of capital or capital gain dividends, are credited to the
Capital Account of such Trust. Dividends received on foreign Securities, if
any, are converted into U.S. dollars at the applicable exchange rate.

For Trusts that are structured as grantor trusts, the Trustee will distribute
money from the Income and Capital Accounts on the twenty-fifth day of each
month to Unit holders of record on the tenth day of such month. However, the
Trustee will not distribute money if the aggregate amount in the Income and
Capital Accounts, exclusive of sale proceeds, equals less than 0.1% of the net
asset value of a Trust. Undistributed money in the Income and Capital Accounts
will be distributed in the next month in which the aggregate amount available
for distribution, exclusive of sale proceeds, exceeds 0.1% of the net asset
value of a Trust. The Trustee will distribute sale proceeds in the Capital
Account, net of amounts designated to meet redemptions, pay the deferred sales
charge and creation and development fee, and pay expenses, on the twenty-fifth
day of each month to Unit holders of record on the tenth day of such month
provided the amount equals at least $1.00 per 100 Units.

For Trusts that intend to qualify as RICs and that make monthly distributions,
the Trustee will make distributions from the Income Account on or near the
Income Account Distribution Dates to Unit holders of record on the preceding
Income Account Distribution Record Date provided the amount equals at least
$1.00 per 100 Units. The Trustee will distribute amounts in the Capital
Account, net of amounts designated to meet redemptions, pay the deferred sales
charge and creation and development fee or pay expenses on the twenty-fifth
day of each month to Unit holders of record on the tenth day of each month
provided the amount equals at least $1.00 per 100 Units. In any case, the
Trustee may distribute funds in the Capital Account in December of each year
to avoid imposition of any income or excise taxes on undistributed income in
the Trust and will distribute funds as part of the final liquidation
distribution.

For Trusts that intend to qualify as RICs and that make semi-annual
distributions, the Trustee will distribute money from the Income Account, as
determined at the semi-annual Income Account Distribution Record Date, semi-
annually on the twenty-fifth day of June and December to Unit holders of
record on the tenth day of such months provided the amount equals at least
$1.00 per 100 Units. The Trustee will distribute money in the Capital Account
monthly on the twenty-fifth day of each month to Unit holders of record on the
tenth day of such month if the amount available for distribution from that
account equals at least $1.00 per 100 Units. In any case, the Trustee may
distribute funds in the Capital Account in December of each year to avoid
imposition of any income or excise taxes on undistributed income in the Trust
and will distribute funds as part of the final liquidation distribution.

No Income Account distribution will be paid if accrued expenses of a Trust
exceed amounts in the Income Account on the Income Account Distribution
Distribution Dates. Distribution amounts will vary with changes in a Trust's
fees and expenses, in dividends received and with the sale of Securities.

If an Income or Capital Account distribution date is a day on which the NYSE
is closed, the distribution will be made on the next day the stock exchange is
open. Distributions are paid to Unit holders of record determined as of the
close of business on the Record Date for that distribution or, if the Record
Date is a day on which the NYSE is closed, the first preceding day on which
the exchange is open.

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We anticipate that there will be enough money in the Capital Account of a
Trust to pay the deferred sales charge to the Sponsor. If not, the Trustee may
sell Securities to meet the shortfall.

Within a reasonable time after a Trust is terminated, unless you are a
Rollover Unit holder, you will receive the pro rata share of the money from
the sale of the Securities and amounts in the Income and Capital Accounts. All
Unit holders will receive a pro rata share of any other assets remaining in
their Trust, after deducting any unpaid expenses.

The Trustee may establish reserves (the "Reserve Account") within a Trust to
cover anticipated state and local taxes or any governmental charges to be paid
out of that Trust.

Distribution Reinvestment Option. You may elect to have each distribution of
income and/or capital reinvested into additional Units of a Trust by notifying
your broker/dealer or bank within the time period required by such entities so
that they can notify the Trustee of your election at least 10 days before any
Record Date. Each later distribution of income and/or capital on your Units
will be reinvested by the Trustee into additional Units of such Trust. There
is no sales charge on Units acquired through the Distribution Reinvestment
Option, as discussed under "Public Offering." This option may not be available
in all states. Each reinvestment plan is subject to availability or limitation
by the Sponsor and each broker/dealer or selling firm. The Sponsor or
broker/dealers may suspend or terminate the offering of a reinvestment plan at
any time. Because a Trust may begin selling Securities nine business days
prior to the Mandatory Termination Date, reinvestment is not available during
this period. Please contact your financial professional for additional
information. PLEASE NOTE THAT EVEN IF YOU REINVEST DISTRIBUTIONS, THEY ARE
STILL CONSIDERED DISTRIBUTIONS FOR INCOME TAX PURPOSES.

                    Redeeming Your Units

You may redeem all or a portion of your Units at any time by sending a request
for redemption to your broker/dealer or bank through which you hold your
Units. No redemption fee will be charged, but you are responsible for any
governmental charges that apply. Certain broker/dealers may charge a
transaction fee for processing redemption requests. One business day after the
day you tender your Units (the "Date of Tender") you will receive cash in an
amount for each Unit equal to the Redemption Price per Unit calculated at the
Evaluation Time on the Date of Tender.

The Date of Tender is considered to be the date on which your redemption
request is received by the Trustee from the broker/dealer or bank through
which you hold your Units (if such day is a day the NYSE is open for trading).
However, if the redemption request is received after 4:00 p.m. Eastern time
(or after any earlier closing time on a day on which the NYSE is scheduled in
advance to close at such earlier time), the Date of Tender is the next day the
NYSE is open for trading.

Any amounts paid on redemption representing income will be withdrawn from the
Income Account if funds are available for that purpose, or from the Capital
Account. All other amounts paid on redemption will be taken from the Capital
Account.

If you tender for redemption at least 2,500 Units of The Dow(R) Target
Dividend Portfolio, S&P Dividend Aristocrats Target 25 Portfolio, S&P Target
24 Portfolio, S&P Target SMid 60 Portfolio, Target Diversified Dividend
Portfolio, Target Global Dividend Leaders Portfolio, Target Growth Portfolio
or Value Line(R) Target 25 Portfolio; or 5,000 Units of the Target Focus Four
Portfolio or Target VIP Portfolio or such larger amount as required by your
broker/dealer or bank, rather than receiving cash, you may elect to receive an
In-Kind Distribution in an amount equal to the Redemption Price per Unit by
making this request to your broker/dealer or bank at the time of tender.
However, to be eligible to participate in the In-Kind Distribution option at
redemption, Unit holders must hold their Units through the end of the initial
offering period. No In-Kind Distribution requests submitted during the 30
business days (10 business days in the case of the S&P Dividend Aristocrats
Target 25 Portfolio, S&P Target SMid 60 Portfolio, Target Diversified Dividend
Portfolio, Target Focus Four Portfolio, Target Global Dividend Leaders
Portfolio, Target Growth Portfolio or Target VIP Portfolio) prior to a Trust's
Mandatory Termination Date will be honored. Where possible, the Trustee will
make an In-Kind Distribution by distributing each of the Securities in book-
entry form to your bank's or broker/dealer's account at DTC. This option is
generally eligible only for stocks traded and held in the United States, thus
excluding most foreign Securities. The Trustee will subtract any customary
transfer and registration charges from your In-Kind Distribution. As a
tendering Unit holder, you will receive your pro rata number of whole shares
of the eligible Securities that make up the portfolio, and cash from the

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Capital Account equal to the non-eligible Securities and fractional shares to
which you are entitled.

If you elect to receive an In-Kind Distribution of Securities from the S&P
Dividend Aristocrats Target 25 Portfolio, S&P Target SMid 60 Portfolio, Target
Diversified Dividend Portfolio, Target Focus Four Portfolio, Target Global
Dividend Leaders Portfolio, Target Growth Portfolio or Target VIP Portfolio,
you should be aware that it will be considered a taxable event at the time you
receive the Securities. See "Tax Status" for additional information.

The Trustee may sell Securities to make funds available for redemption. If
Securities are sold, the size and diversification of a Trust will be reduced.
These sales may result in lower prices than if the Securities were sold at a
different time.

Your right to redeem Units (and therefore, your right to receive payment) may
be delayed:

- If the NYSE is closed (other than customary weekend and holiday closings);

- If the SEC determines that trading on the NYSE is restricted or that an
emergency exists making sale or evaluation of the Securities not reasonably
practical; or

- For any other period permitted by SEC order.

The Trustee is not liable to any person for any loss or damage which may
result from such a suspension or postponement.

The Redemption Price.

The Redemption Price per Unit is determined by the Trustee by:

adding

1. cash in the Income and Capital Accounts of a Trust not designated to
purchase Securities;

2. the aggregate underlying value of the Securities held in that Trust; and

3. dividends receivable on the Securities trading ex-dividend as of the date
of computation; and

deducting

1. any applicable taxes or governmental charges that need to be paid out of
such Trust;

2. any amounts owed to the Trustee for its advances;

3. estimated accrued expenses of such Trust, if any;

4. cash held for distribution to Unit holders of record of such Trust as of
the business day before the evaluation being made;

5. liquidation costs for foreign Securities, if any; and

6. other liabilities incurred by such Trust; and

dividing

1. the result by the number of outstanding Units of such Trust.

Any remaining deferred sales charge on the Units when you redeem them will be
deducted from your redemption proceeds. In addition, until they are collected,
the Redemption Price per Unit will include estimated organization costs as set
forth under "Fee Table."

                  Investing in a New Trust

When each Trust is about to terminate, you may have the option to roll your
proceeds into the next series of a Trust (the "New Trusts") if one is
available. We intend to create the New Trusts in conjunction with the
termination of the Trusts and plan to apply the same strategy we used to
select the portfolio for the Trusts to the New Trusts.

If you wish to have the proceeds from your Units rolled into a New Trust you
must notify the broker/dealer where your Units are held of your election prior
to that firm's cut-off date. If you make this election you will be considered
a "Rollover Unit holder."

Once all of the Securities are sold in connection with the termination of a
Trust, as described in "Amending or Terminating the Indenture," your proceeds,
less any brokerage fees, governmental charges or other expenses involved in
the sales, will be used to buy units of a New Trust or trust with a similar
investment strategy that you have selected, provided such trusts are
registered and being offered. Accordingly, proceeds may be uninvested for up
to several days. Units purchased with rollover proceeds will generally be
purchased subject to the sales charge set forth in the prospectus for such
trust.

We intend to create New Trust units as quickly as possible, depending on the
availability of the securities contained in a New Trust's portfolio. Rollover
Unit holders will be given first priority to purchase New Trust units. We
cannot, however, assure the exact timing of the creation of New Trust units or
the total number of New Trust units we will create. Any proceeds not invested
on behalf of Rollover Unit holders in New Trust units will be distributed
within a reasonable time after such occurrence. Although we believe that
enough New Trust units can be created, monies in a New Trust may not be fully
invested on the next business day.

Please note that there are certain tax consequences associated with becoming a
Rollover Unit holder. See "Tax Status." We may modify, amend or terminate this
rollover option upon 60 days notice.

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              Removing Securities from a Trust

The portfolios of the Trusts are not managed. However, we may, but are not
required to, direct the Trustee to dispose of a Security in certain limited
circumstances, including situations in which:

- The issuer of the Security defaults in the payment of a declared dividend;

- Any action or proceeding prevents the payment of dividends;

- There is any legal question or impediment affecting the Security;

- The issuer of the Security has breached a covenant which would affect the
payment of dividends, the issuer's credit standing, or otherwise damage the
sound investment character of the Security;

- The issuer has defaulted on the payment of any other of its outstanding
obligations;

- There has been a public tender offer made for a Security or a merger or
acquisition is announced affecting a Security, and that in our opinion the
sale or tender of the Security is in the best interest of Unit holders;

- The sale of Securities is necessary or advisable (i) in order to maintain
the qualification of a Trust as a "regulated investment company" in the case
of a Trust which has elected to qualify as such or (ii) to provide funds to
make any distribution for a taxable year in order to avoid imposition of any
income or excise taxes on undistributed income in a Trust which is a
"regulated investment company";

- The price of the Security has declined to such an extent, or such other
credit factors exist, that in our opinion keeping the Security would be
harmful to a Trust;

- As a result of the ownership of the Security, a Trust or its Unit holders
would be a direct or indirect shareholder of a passive foreign investment
company; or

- The sale of the Security is necessary for a Trust to comply with such
federal and/or state laws, regulations and/or regulatory actions and
interpretations which may be in effect from time to time.

Except in the limited instance in which a Trust acquires Replacement
Securities, as described in "The FT Series," a Trust structured as a grantor
trust may not, and a Trust structured as a "regulated investment company"
generally will not, acquire any securities or other property other than the
Securities. With respect to Trusts structured as grantor trusts, the Trustee,
on behalf of such Trusts, will reject any offer for new or exchanged
securities or property in exchange for a Security, such as those acquired in a
merger or other transaction. With respect to Trusts structured as "regulated
investment companies," the Trustee, on behalf of such Trusts and at the
direction of the Sponsor, will vote for or against any offer for new or
exchanged securities or property in exchange for a Security, such as those
acquired in a merger or other transaction. If such exchanged securities or
property are nevertheless acquired by a Trust, at our instruction, they will
either be sold or held in such Trust. In making the determination as to
whether to sell or hold the exchanged securities or property we may get advice
from the Portfolio Supervisor. Any proceeds received from the sale of
Securities, exchanged securities or property will be credited to the Capital
Account for distribution to Unit holders or to meet redemption requests. The
Trustee may retain and pay us or an affiliate of ours to act as agent for a
Trust to facilitate selling Securities, exchanged securities or property from
the Trusts. If we or our affiliate act in this capacity, we will be held
subject to the restrictions under the 1940 Act. When acting in an agency
capacity, we may select various broker/dealers to execute securities
transactions on behalf of the Trusts, which may include broker/dealers who
sell Units of the Trusts. We do not consider sales of Units of the Trusts or
any other products sponsored by First Trust as a factor in selecting such
broker/dealers. As authorized by the Indenture, the Trustee may also employ a
subsidiary or affiliate of the Trustee to act as broker in selling such
Securities or property. Each Trust will pay for these brokerage services at
standard commission rates.

The Trustee may sell Securities designated by us, or, absent our direction, at
its own discretion, in order to meet redemption requests or pay expenses. In
designating Securities to be sold, we will try to maintain the proportionate
relationship among the Securities. If this is not possible, the composition
and diversification of a Trust may be changed.

            Amending or Terminating the Indenture

Amendments. The Indenture may be amended by us and the Trustee without your
consent:

- To cure ambiguities;

- To correct or supplement any defective or inconsistent provision;

- To make any amendment required by any governmental agency; or

- To make other changes determined not to be adverse to your best interests
(as determined by us and the Trustee).

Page 69


Termination. As provided by the Indenture, each Trust will terminate on the
Mandatory Termination Date as stated in the "Summary of Essential
Information." The Trusts may be terminated earlier:

- Upon the consent of 100% of the Unit holders of a Trust;

- If the value of the Securities owned by such Trust as shown by any
evaluation is less than the lower of $2,000,000 or 20% of the total value of
Securities deposited in such Trust during the initial offering period
("Discretionary Liquidation Amount"); or

- In the event that Units of a Trust not yet sold aggregating more than 60% of
the Units of such Trust are tendered for redemption by underwriters, including
the Sponsor.

If a Trust is terminated due to this last reason, we will refund your entire
sales charge; however, termination of a Trust before the Mandatory Termination
Date for any other stated reason will result in all remaining unpaid deferred
sales charges on your Units being deducted from your termination proceeds. For
various reasons, a Trust may be reduced below the Discretionary Liquidation
Amount and could therefore be terminated before the Mandatory Termination Date.

Unless terminated earlier, the Trustee may begin to sell Securities in
connection with the termination of a Trust as early as nine business days
prior to, but will sell Securities no later than, the Mandatory Termination
Date. We will determine the manner and timing of the sale of Securities.
Because the Trustee must sell the Securities within a relatively short period
of time, the sale of Securities as part of the termination process may result
in a lower sales price than might otherwise be realized if such sale were not
required at this time.

If you do not elect to participate in the rollover option, you will receive a
cash distribution from the sale of the remaining Securities, along with your
interest in the Income and Capital Accounts, within a reasonable time after
your Trust is terminated. The Trustee will deduct from a Trust any accrued
costs, expenses, advances or indemnities provided for by the Indenture,
including estimated compensation of the Trustee and costs of liquidation and
any amounts required as a reserve to pay any taxes or other governmental
charges.

           Information on the Sponsor and Trustee

The Sponsor.

We, First Trust Portfolios L.P., specialize in the underwriting, trading and
wholesale distribution of unit investment trusts under the "First Trust" brand
name as well as other securities. An Illinois limited partnership formed in
1991, we took over the First Trust product line and act as Sponsor for
successive series of:

- The First Trust Combined Series

- FT Series (formerly known as The First Trust Special Situations Trust)

- The First Trust Insured Corporate Trust

- The First Trust of Insured Municipal Bonds

- The First Trust GNMA

The First Trust product line commenced with the first insured unit investment
trust in 1974. To date we have deposited more than $620 billion in First Trust
unit investment trusts. Our employees include a team of professionals with
many years of experience in the unit investment trust industry.

We are a member of FINRA and SIPC. Our principal offices are at 120 East
Liberty Drive, Wheaton, Illinois 60187; telephone number 800-621-1675. As of
December 31, 2023, the total partners' capital of First Trust Portfolios L.P.
was $76,684,733.

This information refers only to us and not to the Trusts or to any series of
the Trusts or to any other dealer. We are including this information only to
inform you of our financial responsibility and our ability to carry out our
contractual obligations. We will provide more detailed financial information
on request.

Code of Ethics. The Sponsor and the Trusts have adopted a code of ethics
requiring the Sponsor's employees who have access to information on Trust
transactions to report personal securities transactions. The purpose of the
code is to avoid potential conflicts of interest and to prevent fraud,
deception or misconduct with respect to the Trusts.

The Trustee.

The Trustee is The Bank of New York Mellon, a trust company organized under
the laws of New York. The Bank of New York Mellon has its unit investment
trust division offices at 240 Greenwich Street, New York, New York 10286,
telephone 800-813-3074. If you have questions regarding your account or your
Trust, please contact the Trustee at its unit investment trust division
offices or your financial adviser. The Sponsor does not have access to

Page 70


individual account information. The Bank of New York Mellon is subject to
supervision and examination by the Superintendent of the New York State
Department of Financial Services and the Board of Governors of the Federal
Reserve System, and its deposits are insured by the Federal Deposit Insurance
Corporation to the extent permitted by law.

The Trustee has not participated in selecting the Securities; it only provides
administrative services.

Limitations of Liabilities of Sponsor and Trustee.

Neither we nor the Trustee will be liable for taking any action or for not
taking any action in good faith according to the Indenture. We will also not
be accountable for errors in judgment. We will only be liable for our own
willful misfeasance, bad faith, gross negligence (ordinary negligence in the
Trustee's case) or reckless disregard of our obligations and duties. The
Trustee is not liable for any loss or depreciation when the Securities are
sold. If we fail to act under the Indenture, the Trustee may do so, and the
Trustee will not be liable for any action it takes in good faith under the
Indenture.

The Trustee will not be liable for any taxes or other governmental charges or
interest on the Securities which the Trustee may be required to pay under any
present or future law of the United States or of any other taxing authority
with jurisdiction. Also, the Indenture states other provisions regarding the
liability of the Trustee.

If we do not perform any of our duties under the Indenture or are not able to
act or become bankrupt, or if our affairs are taken over by public
authorities, then the Trustee may:

- Appoint a successor sponsor, paying them a reasonable rate not more than
that stated by the SEC;

- Terminate the Indenture and liquidate the Trusts; or

- Continue to act as Trustee without terminating the Indenture.

The Trustee and Unit holders may rely on the accuracy of any evaluation
prepared by the Sponsor. The Sponsor will make determinations in good faith
based upon the best available information, but will not be liable to the
Trustee or Unit holders for errors in judgment.

                      Other Information

Legal Opinions.

Our counsel is Chapman and Cutler LLP, 320 S. Canal St., Chicago, Illinois
60606. They have passed upon the legality of the Units offered hereby and
certain matters relating to federal tax law. Carter Ledyard & Milburn LLP acts
as the Trustee's counsel, as well as special New York tax counsel for the
Trusts identified as Grantor Trusts.

Experts.

The Trusts' statements of net assets, including the schedules of investments,
as of the opening of business on the Initial Date of Deposit included in this
prospectus, have been audited by Deloitte & Touche LLP, an independent
registered public accounting firm, as stated in their report appearing herein,
and are included in reliance upon the report of such firm given upon their
authority as experts in accounting and auditing.

Supplemental Information.

If you write or call the Sponsor, you will receive free of charge supplemental
information about this Series, which has been filed with the SEC and to which
we have referred throughout. This information states more specific details
concerning the nature, structure and risks of this product.

Nasdaq, Inc.

The Target VIP Portfolio is not sponsored, endorsed, sold or promoted by
Nasdaq, Inc. (including its affiliates) ("Nasdaq," with its affiliates, is
referred to as the "Corporations"). The Corporations have not passed on the
legality or suitability of, or the accuracy or adequacy of descriptions and
disclosures relating to the Target VIP Portfolio. The Corporations make no
representation or warranty, express or implied, to the owners of Units of the
Target VIP Portfolio or any member of the public regarding the advisability of
investing in securities generally or in the Target VIP Portfolio particularly,
or the ability of the Nasdaq-100 Index(R) to track general stock market
performance. The Corporations' only relationship to the Sponsor ("Licensee")
is in the licensing of the Nasdaq 100(R), Nasdaq-100 Index(R) and Nasdaq(R)
trademarks or service marks, and certain trade names of the Corporations and
the use of the Nasdaq-100 Index(R) which is determined, composed and
calculated by Nasdaq without regard to Licensee or the Target VIP Portfolio.
Nasdaq has no obligation to take the needs of the Licensee, the owners of
Units of the Target VIP Portfolio into consideration in determining, composing
or calculating the Nasdaq-100 Index(R). The Corporations are not responsible
for and have not participated in the determination of the timing of, prices at
or quantities of the Target VIP Portfolio to be issued or in the determination
or calculation of the equation by which the Target VIP Portfolio is to be

Page 71


converted into cash. The Corporations have no liability in connection with the
administration, marketing or trading of the Target VIP Portfolio.

THE CORPORATIONS DO NOT GUARANTEE THE ACCURACY AND/OR UNINTERRUPTED
CALCULATION OF THE NASDAQ-100 INDEX(R) OR ANY DATA INCLUDED THEREIN. THE
CORPORATIONS MAKE NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE
OBTAINED BY THE LICENSEE, OWNERS OF THE TARGET VIP PORTFOLIO OR ANY OTHER
PERSON OR ENTITY FROM THE USE OF THE NASDAQ-100 INDEX(R) OR ANY DATA INCLUDED
THEREIN. THE CORPORATIONS MAKE NO EXPRESS OR IMPLIED WARRANTIES AND EXPRESSLY
DISCLAIM ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE
OR USE WITH RESPECT TO THE NASDAQ-100 INDEX(R) OR ANY DATA INCLUDED THEREIN.
WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL THE CORPORATIONS HAVE
ANY LIABILITY FOR ANY LOST PROFITS OR SPECIAL, INCIDENTAL, PUNITIVE, INDIRECT
OR CONSEQUENTIAL DAMAGES, EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.

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Page 75


                                 FIRST TRUST(R)

                   Dow(R) Target Dvd. 3Q '24 - Term 10/9/25
             S&P Dvd. Aristocrats Target 25 3Q '24 - Term 10/9/25
                      S&P Target 24 3Q '24 - Term 10/9/25
                   S&P Target SMid 60 3Q '24 - Term 10/9/25
                   Target Divsd. Dvd. 3Q '24 - Term 10/9/25
                     Target Focus 4 3Q '24 - Term 10/9/25
               Target Global Dvd. Leaders 3Q '24 - Term 10/9/25
                      Target Growth 3Q '24 - Term 10/9/25
                       Target VIP 3Q '24 - Term 10/9/25
                Value Line(R) Target 25 3Q '24 - Term 10/9/25
                                   FT 11570

                                   Sponsor:

                          First Trust Portfolios L.P.

                          Member SIPC o Member FINRA
                            120 East Liberty Drive
                            Wheaton, Illinois 60187
                                 800-621-1675

                                   Trustee:

                          The Bank of New York Mellon

                              240 Greenwich Street
                            New York, New York 10286
                                  800-813-3074
                       24-Hour Pricing Line: 800-446-0132

                            ________________________

 When Units of the Trusts are no longer available, this prospectus may be used
 as a preliminary prospectus for a future series, in which case you should note
                                 the following:

  THE INFORMATION IN THE PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. WE MAY
  NOT SELL, OR ACCEPT OFFERS TO BUY, SECURITIES OF A FUTURE SERIES UNTIL THAT
   SERIES HAS BECOME EFFECTIVE WITH THE SEC. NO SECURITIES CAN BE SOLD IN ANY
                      STATE WHERE A SALE WOULD BE ILLEGAL.
                            ________________________

   This prospectus contains information relating to the above-mentioned unit
   investment trusts, but does not contain all of the information about this
    investment company as filed with the SEC in Washington, D.C. under the:

             - Securities Act of 1933 (file no. 333-279139) and

             - Investment Company Act of 1940 (file no. 811-05903)

 Information about the Trusts, including their Codes of Ethics, can be reviewed
 and copied at the SEC's Public Reference Room in Washington, D.C. Information
 regarding the operation of the SEC's Public Reference Room may be obtained by
                        calling the SEC at 202-942-8090.

  Information about the Trusts is available on the EDGAR Database on the SEC's
                          Internet site atwww.sec.gov.

                     To obtain copies at prescribed rates -

              Write: Public Reference Section of the SEC
                     100 F Street, N.E., Washington, D.C. 20549
     e-mail address: publicinfo@sec.gov

                                  July 9, 2024

               PLEASE RETAIN THIS PROSPECTUS FOR FUTURE REFERENCE


                                FIRST TRUST(R)

                                 The FT Series

                            Information Supplement

This Information Supplement provides additional information concerning the
structure, operations and risks of the unit investment trusts contained in FT
11570 not found in the prospectus for the Trusts. This Information Supplement
is not a prospectus and does not include all of the information you should
consider before investing in the Trusts. This Information Supplement should be
read in conjunction with the prospectus for the Trust in which you are
considering investing.

This Information Supplement is dated July 9, 2024. Capitalized terms have been
defined in the prospectus.

                               Table of Contents

Dow Jones & Company, Inc.                                       1
Nasdaq, Inc.                                                    2
Value Line Publishing LLC                                       2
New York Stock Exchange                                         3
Risk Factors
   Securities                                                   3
   Dividends                                                    3
   REITs                                                        4
   Foreign Issuers                                              5
   Emerging and Developing Markets                              6
   Exchange Rates                                               6
   Small and/or Mid Capitalization Companies                   10
Concentration
   Concentration Risk                                          10
   Communication Services                                      10
   Financials                                                  10
   Industrials                                                 12
   Information Technology                                      12
   Utilities                                                   13

Dow Jones & Company, Inc.

The Dow Jones Industrial Average, Dow Jones U.S. Select Dividend Index(sm),
S&P 500(R) Index, S&P 500(R) Dividend Aristocrats(R) Index, S&P MidCap 400(R)
Index and S&P SmallCap 600(R) Index (collectively, the "Licensed Indexes") are
products of S&P Dow Jones Indices LLC ("SPDJI"), and have been licensed for
use by First Trust Portfolios L.P. Standard & Poor's(R), S&P(R), S&P 500(R),
S&P(R) Dividend Aristocrats(R), S&P MidCap 400(R) and S&P SmallCap 600(R) are
registered trademarks of Standard & Poor's Financial Services LLC ("S&P");
DJIA(R), The Dow(R), Dow Jones(R), Dow Jones Industrial Average and Dow Jones
U.S. Select Dividend Index(sm) are trademarks of Dow Jones Trademark Holdings
LLC ("Dow Jones"); and these trademarks have been licensed for use by SPDJI
and sublicensed for certain purposes by First Trust Portfolios L.P. The
Trusts, in particular The Dow(R) Target Dividend Portfolio, S&P Dividend
Aristocrats Target 25 Portfolio, S&P Target 24 Portfolio, S&P Target SMid 60
Portfolio, Target Focus Four Portfolio and the Target VIP Portfolio
(collectively, the "Trusts") are not sponsored, endorsed, sold or promoted by
SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, "S&P
Dow Jones Indices"). S&P Dow Jones Indices makes no representation or
warranty, express or implied, to the owners of the Trusts or any member of the
public regarding the advisability of investing in securities generally or in
the Trusts particularly or the ability of the Licensed Indexes to track
general market performance. S&P Dow Jones Indices' only relationship to First
Trust Advisors L.P. with respect to the Licensed Indexes is the licensing of
such indexes and certain trademarks, service marks and/or trade names of S&P
Dow Jones Indices or its licensors. The Licensed Indexes are determined,
composed and calculated by S&P Dow Jones Indices without regard to First Trust
Advisors L.P. or the Trusts. S&P Dow Jones Indices have no obligation to take

Page 1


the needs of First Trust Advisors L.P. or the owners of the Trusts into
consideration in determining, composing or calculating the Licensed Indexes.
S&P Dow Jones Indices is not responsible for and has not participated in the
determination of the prices, and amount of the Trusts or the timing of the
issuance or sale of the Trusts or in the determination or calculation of the
equation by which the Trusts are to be converted into cash, surrendered or
redeemed, as the case may be. S&P Dow Jones Indices has no obligation or
liability in connection with the administration, marketing or trading of the
Trusts. There is no assurance that investment products based on the Licensed
Indexes will accurately track index performance or provide positive investment
returns. S&P Dow Jones Indices LLC is not an investment advisor. Inclusion of
a security within an index is not a recommendation by S&P Dow Jones Indices to
buy, sell, or hold such security, nor is it considered to be investment
advice. Notwithstanding the foregoing, CME Group Inc. and its affiliates, a
shareholder of S&P Dow Jones Indices LLC, may independently issue and/or
sponsor financial products unrelated to Trusts, but which may be similar to
and competitive with the Trusts. In addition, CME Group Inc. and its
affiliates may trade financial products which are linked to the performance of
the Dow Jones Industrial Average and the S&P 500(R) Index.

S&P DOW JONES INDICES DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS
AND/OR THE COMPLETENESS OF THE LICENSED INDEXES OR ANY DATA RELATED THERETO OR
ANY COMMUNICATION, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATION
(INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P DOW JONES
INDICES SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS,
OMISSIONS, OR DELAYS THEREIN. S&P DOW JONES INDICES MAKES NO EXPRESS OR
IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY
OR FITNESS FOR A PARTICULAR PURPOSE OR USE OR AS TO RESULTS TO BE OBTAINED BY
FIRST TRUST ADVISORS L.P., OWNERS OF THE TRUSTS, OR ANY OTHER PERSON OR ENTITY
FROM THE USE OF THE LICENSED INDEXES OR WITH RESPECT TO ANY DATA RELATED
THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL
S&P DOW JONES INDICES BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL,
PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING BUT NOT LIMITED TO, LOSS OF
PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED
OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT
LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY
AGREEMENTS OR ARRANGEMENTS BETWEEN S&P DOW JONES INDICES AND FIRST TRUST
ADVISORS L.P., OTHER THAN THE LICENSORS OF S&P DOW JONES INDICES.

Nasdaq, Inc.

The "Nasdaq 100(R)," "Nasdaq-100 Index(R)," and "Nasdaq(R)" are trade or
service marks of Nasdaq, Inc. (which with its affiliates is the
"Corporations") and are licensed for use by us. The Target VIP Portfolio has
not been passed on by the Corporations as to its legality or suitability. The
Target VIP Portfolio is not issued, endorsed, sold, or promoted by the
Corporations. The Corporations make no warranties and bear no liability with
respect to the Target VIP Portfolio.

Value Line Publishing LLC

Value Line Publishing LLC's ("VLP") only relationship to First Trust
Portfolios L.P. and/or First Trust Advisors L.P. is VLP's licensing to First
Trust Portfolios L.P. and/or First Trust Advisors L.P. of certain VLP
trademarks and trade names and the Value Line(R) Timeliness(TM) Ranking System
(the "System"), which is composed by VLP without regard to First Trust
Portfolios L.P. or First Trust Advisors L.P., this product or any investor.
VLP has no obligation to take the needs of First Trust Portfolios L.P. and/or
First Trust Advisors L.P. or any investor in the product into consideration in
composing the System. The product results may differ from the hypothetical or
published results of the Value Line Timeliness Ranking System. VLP is not
responsible for and has not participated in the determination of the prices
and composition of the product or the timing of the issuance for sale of the
product or in the calculation of the equations by which the product is to be
converted into cash.

VLP MAKES NO WARRANTY CONCERNING THE SYSTEM, EXPRESS OR IMPLIED, INCLUDING BUT
NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A
PARTICULAR PURPOSE OR ANY PERSON'S INVESTMENT PORTFOLIO, OR ANY IMPLIED
WARRANTIES ARISING FROM USAGE OF TRADE, COURSE OF DEALING OR COURSE OF
PERFORMANCE, AND VLP MAKES NO WARRANTY AS TO THE POTENTIAL PROFITS OR ANY
OTHER BENEFITS THAT MAY BE ACHIEVED BY USING THE SYSTEM OR ANY INFORMATION OR
MATERIALS GENERATED THEREFROM. VLP DOES NOT WARRANT THAT THE SYSTEM WILL MEET
ANY REQUIREMENTS OR THAT IT WILL BE ACCURATE OR ERROR-FREE. VLP ALSO DOES NOT
GUARANTEE ANY USES, INFORMATION, DATA OR OTHER RESULTS GENERATED FROM THE
SYSTEM OR THE PRODUCT. VLP HAS NO OBLIGATION OR LIABILITY (I) IN CONNECTION
WITH THE ADMINISTRATION, MARKETING OR TRADING OF THE PRODUCT; OR (II) FOR ANY

Page 2


LOSS, DAMAGE, COST OR EXPENSE SUFFERED OR INCURRED BY ANY INVESTOR OR OTHER
PERSON OR ENTITY IN CONNECTION WITH THIS PRODUCT, AND IN NO EVENT SHALL VLP BE
LIABLE FOR ANY LOST PROFITS OR OTHER CONSEQUENTIAL, SPECIAL, PUNITIVE,
INCIDENTAL, INDIRECT OR EXEMPLARY DAMAGES IN CONNECTION WITH THE PRODUCT.

New York Stock Exchange

"NYSE(R)" is a registered service/trademark of ICE Data Indices, LLC or its
affiliates and has been licensed, along with, "NYSE International 100
Index(SM)" ("Index") for use by First Trust Portfolios, L.P. ICE Data Indices,
LLC has no relationship to First Trust Portfolios L.P. other than the
licensing of the "NYSE International 100 Index(SM)" and the trademark and
service mark referenced above for use in connection with the NYSE(R)
International Target 25 Strategy.

ICE Data Indices, LLC does not: sponsor, endorse, sell or promote the NYSE(R)
International Target 25 Strategy; recommend that any person invest in the
NYSE(R) International Target 25 Strategy or any other securities; have any
responsibility or liability for or make any decision about the timing, amount or
pricing of the NYSE(R) International Target 25 Strategy; have any responsibility
or liability for the administration, management or marketing of the NYSE(R)
International Target 25 Strategy; consider the needs of the NYSE(R)
International Target 25 Strategy or the owners of the NYSE(R) International
Target 25 Strategy in determining, composing or calculating the NYSE
International 100 Index(SM) or have any obligation to do so.

ICE Data Indices, LLC will not have any liability in connection with the NYSE(R)
International Target 25 Strategy. Specifically, ICE Data Indices, LLC does not
make any warranty, express or implied, and ICE Data Indices, LLC disclaims any
warranty about: the results to be obtained by the NYSE(R) International Target
25 Strategy, the owners of the NYSE(R) International Target 25 Strategy, or any
other relevant person in connection with the use of the Index and the data
included in the Index; the accuracy or completeness of the Index and its data;
the merchantability or fitness for a particular purpose or use of the Index and
its data. ICE Data Indices, LLC will have no liability for any errors, omissions
or interruptions in the Index or its data. Under no circumstances will ICE Data
Indices, LLC be liable for any lost profits or indirect, punitive, special or
consequential damages or losses, even if ICE Data Indices, LLC knows that they
might occur. The licensing agreement between First Trust Portfolios L.P. and ICE
Data Indices, LLC is solely for their benefit and not for the benefit of the
owners of the NYSE(R) International Target 25 Strategy or any other third
parties.

Risk Factors

Securities. An investment in Units should be made with an understanding of the
risks which an investment in common stocks entails, including the risk that
the financial condition of the issuers of the Securities or the general
condition of the relevant stock market may worsen, and the value of the
Securities and therefore the value of the Units may decline. Common stocks are
especially susceptible to general stock market movements and to volatile
increases and decreases of value, as market confidence in and perceptions of
the issuers change. These perceptions are based on unpredictable factors,
including expectations regarding government, economic, monetary and fiscal
policies, inflation and interest rates, economic expansion or contraction, and
global or regional political, economic or banking crises.

Dividends. Shareholders of common stocks have rights to receive payments from
the issuers of those common stocks that are generally subordinate to those of
creditors of, or holders of debt obligations or preferred stocks of, such
issuers. Shareholders of common stocks have a right to receive dividends only
when and if, and in the amounts, declared by the issuer's board of directors
and have a right to participate in amounts available for distribution by the
issuer only after all other claims on the issuer have been paid or provided
for. Common stocks do not represent an obligation of the issuer and,
therefore, do not offer any assurance of income or provide the same degree of
protection of capital as do debt securities. The issuance of additional debt
securities or preferred stock will create prior claims for payment of
principal, interest and dividends which could adversely affect the ability and
inclination of the issuer to declare or pay dividends on its common stock or
the rights of holders of common stock with respect to assets of the issuer
upon liquidation or bankruptcy. Cumulative preferred stock dividends must be
paid before common stock dividends, and any cumulative preferred stock
dividend omitted is added to future dividends payable to the holders of
cumulative preferred stock. Preferred stockholders are also generally entitled
to rights on liquidation which are senior to those of common stockholders.

Page 3


REITs. An investment in individual Trusts which invest in REITs should be made
with an understanding of risks inherent in an investment in U.S.-based REITs
specifically and real estate generally (in addition to securities market
risks). Generally, these include economic recession, the cyclical nature of
real estate markets, competitive overbuilding, unusually adverse weather
conditions, changing demographics, changes in governmental regulations
(including tax laws and environmental, building, zoning and sales
regulations), increases in real estate taxes or costs of material and labor,
the inability to secure performance guarantees or insurance as required, the
unavailability of investment capital and the inability to obtain construction
financing or mortgage loans at rates acceptable to builders and purchasers of
real estate. Additional risks include an inability to reduce expenditures
associated with a property (such as mortgage payments and property taxes) when
rental revenue declines, and possible loss upon foreclosure of mortgaged
properties if mortgage payments are not paid when due.

REITs are financial vehicles that have as their objective the pooling of
capital from a number of investors in order to participate directly in real
estate ownership or financing. REITs are generally fully integrated operating
companies that have interests in income-producing real estate. Equity REITs
emphasize direct property investment, holding their invested assets primarily
in the ownership of real estate or other equity interests. REITs obtain
capital funds for investment in underlying real estate assets by selling debt
or equity securities in the public or institutional capital markets or by bank
borrowing. Thus, the returns on common equities of REITs will be significantly
affected by changes in costs of capital and, particularly in the case of
highly "leveraged" REITs (i.e., those with large amounts of borrowings
outstanding), by changes in the level of interest rates. The objective of an
equity REIT is to purchase income-producing real estate properties in order to
generate high levels of cash flow from rental income and a gradual asset
appreciation, and they typically invest in properties such as office, retail,
industrial, hotel and apartment buildings and healthcare facilities.

REITs are a creation of the tax law. REITs essentially operate as a
corporation or business trust with the advantage of exemption from corporate
income taxes provided the REIT satisfies the requirements of Sections 856
through 860 of the Internal Revenue Code. The major tests for tax-qualified
status are that the REIT (i) be managed by one or more trustees or directors,
(ii) issue shares of transferable interest to its owners, (iii) have at least
100 shareholders, (iv) have no more than 50% of the shares held by five or
fewer individuals, (v) invest substantially all of its capital in real estate
related assets and derive substantially all of its gross income from real
estate related assets and (vi) distributed at least 95% of its taxable income
to its shareholders each year. If a REIT should fail to qualify for such tax
status, the related shareholders (including such Trust) could be adversely
affected by the resulting tax consequences.

The underlying value of the Securities and a Trust's ability to make
distributions to Unit holders may be adversely affected by changes in national
economic conditions, changes in local market conditions due to changes in
general or local economic conditions and neighborhood characteristics,
increased competition from other properties, obsolescence of property, changes
in the availability, cost and terms of mortgage funds, the impact of present
or future environmental legislation and compliance with environmental laws,
the ongoing need for capital improvements, particularly in older properties,
changes in real estate tax rates and other operating expenses, regulatory and
economic impediments to raising rents, adverse changes in governmental rules
and fiscal policies, dependency on management skill, civil unrest, acts of
God, including earthquakes, fires and other natural disasters (which may
result in uninsured losses), acts of war, adverse changes in zoning laws, and
other factors which are beyond the control of the issuers of REITs. The value
of REITs may at times be particularly sensitive to devaluation in the event of
rising interest rates.

REITs may concentrate investments in specific geographic areas or in specific
property types, i.e., hotels, shopping malls, residential complexes, office
buildings and timberlands. The impact of economic conditions on REITs can also
be expected to vary with geographic location and property type. Investors
should be aware that REITs may not be diversified and are subject to the risks
of financing projects. REITs are also subject to defaults by borrowers, self-
liquidation, the market's perception of the REIT industry generally, and the
possibility of failing to qualify for pass-through of income under the
Internal Revenue Code, and to maintain exemption from the Investment Company
Act of 1940. A default by a borrower or lessee may cause a REIT to experience
delays in enforcing its right as mortgagee or lessor and to incur significant
costs related to protecting its investments. In addition, because real estate
generally is subject to real property taxes, REITs may be adversely affected
by increases or decreases in property tax rates and assessments or
reassessments of the properties underlying REITs by taxing authorities.
Furthermore, because real estate is relatively illiquid, the ability of REITs

Page 4


to vary their portfolios in response to changes in economic and other
conditions may be limited and may adversely affect the value of the Units.
There can be no assurance that any REIT will be able to dispose of its
underlying real estate assets when advantageous or necessary.

The issuer of REITs generally maintains comprehensive insurance on presently
owned and subsequently acquired real property assets, including liability,
fire and extended coverage. However, certain types of losses may be
uninsurable or not be economically insurable as to which the underlying
properties are at risk in their particular locales. There can be no assurance
that insurance coverage will be sufficient to pay the full current market
value or current replacement cost of any lost investment. Various factors
might make it impracticable to use insurance proceeds to replace a facility
after it has been damaged or destroyed. Under such circumstances, the
insurance proceeds received by a REIT might not be adequate to restore its
economic position with respect to such property.

Under various environmental laws, a current or previous owner or operator of
real property may be liable for the costs of removal or remediation of
hazardous or toxic substances on, under or in such property. Such laws often
impose liability whether or not the owner or operator caused or knew of the
presence of such hazardous or toxic substances and whether or not the storage
of such substances was in violation of a tenant's lease. In addition, the
presence of hazardous or toxic substances, or the failure to remediate such
property properly, may adversely affect the owner's ability to borrow using
such real property as collateral. No assurance can be given that REITs may not
be presently liable or potentially liable for any such costs in connection
with real estate assets they presently own or subsequently acquire. Certain of
the REITs may also be Mortgage REITs. Mortgage REITs are companies that
provide financing for real estate by purchasing or originating mortgages and
mortgage-backed securities and earn income from the interest on these
investments. Mortgage REITs are also subject to many of the same risks
associated with investments in other REITs and to real estate market conditions.

Foreign Issuers. The following section applies to individual Trusts which
contain Securities issued by, or invest in securities issued by, foreign
entities. Since certain of the Securities held by the Trust consist of, or
invest in, securities issued by foreign entities, an investment in the Trust
involves certain investment risks that are different in some respects from an
investment in a trust which invests solely in the securities of domestic
entities. These investment risks include future political or governmental
restrictions which might adversely affect the payment or receipt of payment of
dividends on the relevant Securities, the possibility that the financial
condition of the issuers of the Securities may become impaired or that the
general condition of the relevant stock market may worsen (both of which would
contribute directly to a decrease in the value of the Securities and thus in
the value of the Units), the limited liquidity and relatively small market
capitalization of the relevant securities market, expropriation or
confiscatory taxation, economic uncertainties and foreign currency
devaluations and fluctuations. In addition, for foreign issuers that are not
subject to the reporting requirements of the Securities Exchange Act of 1934,
as amended, there may be less publicly available information than is available
from a domestic issuer. Also, foreign issuers are not necessarily subject to
uniform accounting, auditing and financial reporting standards, practices and
requirements comparable to those applicable to domestic issuers. The
securities of many foreign issuers are less liquid and their prices more
volatile than securities of comparable domestic issuers. In addition, fixed
brokerage commissions and other transaction costs on foreign securities
exchanges are generally higher than in the United States and there is
generally less government supervision and regulation of exchanges, brokers and
issuers in foreign countries than there is in the United States. However, due
to the nature of the issuers of the Securities selected for the Trust, the
Sponsor believes that adequate information will be available to allow the
Supervisor to provide portfolio surveillance for the Trust.

Securities issued by non-U.S. issuers may pay interest and/or dividends in
foreign currencies and may be principally traded in foreign currencies.
Therefore, there is a risk that the U.S. dollar value of these interest and/or
dividend payments and/or securities will vary with fluctuations in foreign
exchange rates.

On the basis of the best information available to the Sponsor at the present
time, none of the Securities in the Trust are subject to exchange control
restrictions under existing law which would materially interfere with payment
to the Trust of dividends due on, or proceeds from the sale of, the
Securities. However, there can be no assurance that exchange control
regulations might not be adopted in the future which might adversely affect
payment to the Trust. The adoption of exchange control regulations and other
legal restrictions could have an adverse impact on the marketability of
international securities in the Trust and on the ability of the Trust to
satisfy its obligation to redeem Units tendered to the Trustee for redemption.
In addition, restrictions on the settlement of transactions on either the
purchase or sale side, or both, could cause delays or increase the costs
associated with the purchase and sale of the foreign Securities and
correspondingly could affect the price of the Units.

Page 5


Investors should be aware that it may not be possible to buy all Securities at
the same time because of the unavailability of any Security, and restrictions
applicable to the Trust relating to the purchase of a Security by reason of
the federal securities laws or otherwise.

Foreign securities generally have not been registered under the Securities Act
of 1933 and may not be exempt from the registration requirements of such Act.
Sales of non-exempt Securities by the Trust in the United States securities
markets are subject to severe restrictions and may not be practicable.
Accordingly, sales of these Securities by the Trust will generally be effected
only in foreign securities markets. Although the Sponsor does not believe that
the Trust will encounter obstacles in disposing of the Securities, investors
should realize that the Securities may be traded in foreign countries where
the securities markets are not as developed or efficient and may not be as
liquid as those in the United States. The value of the Securities will be
adversely affected if trading markets for the Securities are limited or absent.

Emerging and Developing Markets. The following section applies to individual
Trusts which contain Securities issued by, or invest in securities issued by,
emerging and/or developing market companies. Compared to more mature markets,
some emerging and developing markets may have a low level of regulation,
enforcement of regulations and monitoring of investors' activities. Those
activities may include practices such as trading on material non-public
information. The securities markets of emerging and developing countries are
not as large as the more established securities markets and have substantially
less trading volume, resulting in a lack of liquidity and high price
volatility. There may be a high concentration of market capitalization and
trading volume in a small number of issuers representing a limited number of
industries as well as a high concentration of investors and financial
intermediaries. These factors may adversely affect the timing and pricing of
the acquisition or disposal of securities.

In certain emerging and developing markets, registrars are not subject to
effective government supervision nor are they always independent from issuers.
The possibility of fraud, negligence, undue influence being exerted by the
issuer or refusal to recognize ownership exists, which, along with other
factors, could result in the registration of a shareholding being completely
lost. Investors should therefore be aware that the Trust could suffer loss
arising from these registration problems. In addition, the legal remedies in
emerging and developing markets are often more limited than the remedies
available in the United States.

Practices pertaining to the settlement of securities transactions in emerging
and developing markets involve higher risks than those in developed markets,
in large part because of the need to use brokers and counterparties who are
less well capitalized, and custody and registration of assets in some
countries may be unreliable. As a result, brokerage commissions and other fees
are generally higher in emerging and developing markets and the procedures and
rules governing foreign transactions and custody may involve delays in
payment, delivery or recovery of money or investments. Delays in settlement
could result in investment opportunities being missed if the Trust is unable
to acquire or dispose of a security. Certain foreign investments may also be
less liquid and more volatile than U.S. investments, which may mean at times
that such investments are unable to be sold at desirable prices.

Political and economic structures in emerging and developing markets often
change rapidly, which may cause instability. In adverse social and political
circumstances, governments have been involved in policies of expropriation,
confiscatory taxation, nationalization, intervention in the securities market
and trade settlement, and imposition of foreign investment restrictions and
exchange controls, and these could be repeated in the future. In addition to
withholding taxes on investment income, some governments in emerging and
developing markets may impose different capital gains taxes on foreign
investors. Foreign investments may also be subject to the risks of seizure by
a foreign government and the imposition of restrictions on the exchange or
export of foreign currencies. Additionally, some governments exercise
substantial influence over the private economic sector and the political and
social uncertainties that exist for many emerging and developing countries are
considerable.

Another risk common to most emerging and developing countries is that the
economy is heavily export oriented and, accordingly, is dependent upon
international trade. The existence of overburdened infrastructures and
obsolete financial systems also presents risks in certain countries, as do
environmental problems. Certain economies also depend, to a large degree, upon
exports of primary commodities and, therefore, are vulnerable to changes in
commodity prices which, in turn, may be affected by a variety of factors.

Exchange Rates. The following section applies to individual Trusts which
contain Securities that principally trade in foreign currencies. Securities

Page 6


that principally trade in foreign currencies involve investment risks that are
substantially different from an investment in a fund which invests in
securities that are principally traded in United States dollars. The United
States dollar value of the portfolio (and hence of the Units) and of the
distributions from the portfolio will vary with fluctuations in the United
States dollar foreign exchange rates for the relevant currencies. Most foreign
currencies have fluctuated widely in value against the United States dollar
for many reasons, including supply and demand of the respective currency, the
rate of inflation in the respective economies compared to the United States,
the impact of interest rate differentials between different currencies on the
movement of foreign currency rates, the balance of imports and exports goods
and services, the soundness of the world economy and the strength of the
respective economy as compared to the economies of the United States and other
countries.

The post-World War II international monetary system was, until 1973, dominated
by the Bretton Woods Treaty which established a system of fixed exchange rates
and the convertibility of the United States dollar into gold through foreign
central banks. Starting in 1971, growing volatility in the foreign exchange
markets caused the United States to abandon gold convertibility and to effect
a small devaluation of the United States dollar. In 1973, the system of fixed
exchange rates between a number of the most important industrial countries of
the world, among them the United States and most Western European countries,
was completely abandoned. Subsequently, major industrialized countries have
adopted "floating" exchange rates, under which daily currency valuations
depend on supply and demand in a freely fluctuating international market. Many
smaller or developing countries have continued to "peg" their currencies to
the United States dollar although there has been some interest in recent years
in "pegging" currencies to "baskets" of other currencies or to a Special
Drawing Right administered by the International Monetary Fund. In Europe, the
euro has been developed. Currencies are generally traded by leading
international commercial banks and institutional investors (including
corporate treasurers, money managers, pension funds and insurance companies).
From time to time, central banks in a number of countries also are major
buyers and sellers of foreign currencies, mostly for the purpose of preventing
or reducing substantial exchange rate fluctuations.

Exchange rate fluctuations are partly dependent on a number of economic
factors including economic conditions within countries, the impact of actual
and proposed government policies on the value of currencies, interest rate
differentials between the currencies and the balance of imports and exports of
goods and services and transfers of income and capital from one country to
another. These economic factors are influenced primarily by a particular
country's monetary and fiscal policies (although the perceived political
situation in a particular country may have an influence as well-particularly
with respect to transfers of capital). Investor psychology may also be an
important determinant of currency fluctuations in the short run. Moreover,
institutional investors trying to anticipate the future relative strength or
weakness of a particular currency may sometimes exercise considerable
speculative influence on currency exchange rates by purchasing or selling
large amounts of the same currency or currencies. However, over the long term,
the currency of a country with a low rate of inflation and a favorable balance
of trade should increase in value relative to the currency of a country with a
high rate of inflation and deficits in the balance of trade.

The following tables set forth, for the periods indicated, the range of
fluctuation concerning the equivalent U.S. dollar rates of exchange and end-of-
month equivalent U.S. dollar rates of exchange for the United Kingdom pound
sterling and the euro:

Page 7



                            Foreign Exchange Rates

                 Range of Fluctuations in Foreign Currencies

               United Kingdom
Annual         Pound Sterling/                Euro/
Period           U.S. Dollar               U.S. Dollar
______         _______________             ___________
1983          0.616-0.707
1984          0.670-0.864
1985          0.672-0.951
1986          0.643-0.726
1987          0.530-0.680
1988          0.525-0.601
1989          0.548-0.661
1990          0.504-0.627
1991          0.499-0.624
1992          0.498-0.667
1993          0.630-0.705
1994          0.610-0.684
1995          0.610-0.653
1996          0.583-0.670
1997          0.584-0.633
1998          0.584-0.620
1999          0.597-0.646                      0.845-0.999
2000          0.605-0.715                      0.967-1.209
2001          0.665-0.728                      1.045-1.196
2002          0.621-0.710                      0.953-1.164
2003          0.560-0.643                      0.794-0.965
2004          0.514-0.570                      0.733-0.846
2005          0.518-0.583                      0.743-0.857
2006          0.505-0.581                      0.749-0.846
2007          0.474-0.521                      0.672-0.776
2008          0.492-0.695                      0.625-0.803
2009          0.598-0.727                      0.661-0.798
2010          0.611-0.698                      0.689-0.839
2011          0.599-0.652                      0.674-0.775
2012          0.614-0.653                      0.743-0.829
2013          0.604-0.673                      0.725-0.782
2014          0.583-0.644                      0.718-0.827
2015          0.630-0.683                      0.826-0.953
2016          0.672-0.825                      0.867-0.963
2017          0.736-0.830                      0.831-0.961
2018          0.697-0.801                      0.799-0.891
2019          0.750-0.831                      0.866-0.918
2020          0.732-0.871                      0.813-0.936
2021          0.704-0.757                      0.811-0.893
2022          0.730-0.936                      0.873-1.042
2023          0.761-0.845                      0.890-0.955

Source: Bloomberg L.P.

Page 8


          End of Month Exchange Rates for Foreign Currencies

                         United Kingdom
                         Pound Sterling/              Euro/
Monthly Period            U.S. Dollar             U.S. Dollar
______________           ______________           ___________
2020:
 January                    .757                    .901
 February                   .780                    .907
 March                      .805                    .907
 April                      .794                    .913
 May                        .810                    .901
 June                       .806                    .890
 July                       .764                    .849
 August                     .748                    .838
 September                  .774                    .853
 October                    .772                    .859
 November                   .751                    .838
 December                   .732                    .819
2021:
 January                    .730                    .824
 February                   .718                    .828
 March                      .726                    .853
 April                      .723                    .832
 May                        .704                    .818
 June                       .723                    .843
 July                       .719                    .842
 August                     .727                    .847
 September                  .742                    .864
 October                    .731                    .865
 November                   .752                    .882
 December                   .739                    .880
2022:
 January                    .744                    .890
 February                   .745                    .891
 March                      .761                    .904
 April                      .795                    .948
 May                        .794                    .932
 June                       .821                    .954
 July                       .822                    .978
 August                     .860                    .995
 September                  .895                   1.020
 October                    .872                   1.012
 November                   .829                    .961
 December                   .828                    .934
2023:
 January                    .812                    .921
 February                   .832                    .946
 March                      .811                    .923
 April                      .796                    .908
 May                        .804                    .936
 June                       .787                    .917
 July                       .779                    .909
 August                     .789                    .922
 September                  .820                    .946
 October                    .823                    .946
 November                   .792                    .918
 December                   .785                    .906
2024:
 January                    .788                    .924
 February                   .792                    .925
 March                      .792                    .927
 April                      .801                    .938
 May                        .785                    .922
 June                       .791                    .933

Page 9


The Sponsor will estimate current exchange rates for the relevant currencies
based on activity in the various currency exchange markets. However, since
these markets are volatile and are constantly changing, depending on the
activity at any particular time of the large international commercial banks,
various central banks, large multi-national corporations, speculators and
other buyers and sellers of foreign currencies, and since actual foreign
currency transactions may not be instantly reported, the exchange rates
estimated by the Sponsor may not be indicative of the amount in United States
dollars the Trusts would receive had the Trustee sold any particular currency
in the market. The foreign exchange transactions of the Trusts will be
conducted by the Trustee with foreign exchange dealers acting as principals on
a spot (i.e., cash) buying basis. Although foreign exchange dealers trade on a
net basis, they do realize a profit based upon the difference between the
price at which they are willing to buy a particular currency (bid price) and
the price at which they are willing to sell the currency (offer price).

Small and/or Mid Capitalization Companies. The following section applies to
individual Trusts which contain Securities issued by, or invest in Securities
that hold securities issued by, small and/or mid capitalization companies.
While historically stocks of small and mid capitalization companies have
outperformed the stocks of large companies, the former have customarily
involved more investment risk as well. Such companies may have limited product
lines, markets or financial resources; may lack management depth or
experience; and may be more vulnerable to adverse general market or economic
developments than large companies. Some of these companies may distribute,
sell or produce products which have recently been brought to market and may be
dependent on key personnel.

The prices of small and mid-cap company securities are often more volatile
than prices associated with large company issues, and can display abrupt or
erratic movements at times, due to limited trading volumes and less publicly
available information. Also, because such companies normally have fewer shares
outstanding and these shares trade less frequently than large companies, it
may be more difficult for the Trusts which contain these Securities to buy and
sell significant amounts of such shares without an unfavorable impact on
prevailing market prices.

Concentration

Concentration Risk. When 25% or more of a trust's portfolio is invested in
securities issued by companies within a single sector, the trust is considered
to be concentrated in that particular sector. A portfolio concentrated in one
or more sectors may present more risks than a portfolio broadly diversified
over several sectors.

The Dow(R) Target Dividend Portfolio is concentrated in stocks of companies
within the financials and utilities sectors. The S&P Dividend Aristocrats
Target 25 Portfolio is concentrated in stocks of companies within the
industrials sector. The S&P Target 24 Portfolio and the Target VIP Portfolio
are concentrated in stocks of companies within the information technology
sector. The S&P Target SMid 60 Portfolio and the Target Focus Four Portfolio
are concentrated in stocks of companies within the financials sector. The
Value Line(R) Target 25 Portfolio is concentrated in stocks of companies
within the communication services and information technology sectors.

Communication Services. General risks of communication services companies
include rapidly changing technology, rapid product obsolescence, loss of
patent protection, cyclical market patterns, evolving industry standards and
frequent new product introductions. Certain communication companies are
subject to substantial governmental regulation, which among other things,
regulates permitted rates of return and the kinds of services that a company
may offer. Media and entertainment companies are subject to changing
demographics, consumer preferences and changes in the way people communicate
and access information and entertainment content. Certain of these companies
may be particularly susceptible to cybersecurity threats, which could have an
adverse effect on their business. Companies in this sector are subject to
fierce competition for market share from existing competitors and new market
entrants. Such competitive pressures are intense and communication stocks can
experience extreme volatility.

Companies in the communication sector may encounter distressed cash flows and
heavy debt burdens due to the need to commit substantial capital to meet
increasing competition and research and development costs. Technological
innovations may also make the existing products and services of communication
companies obsolete. In addition, companies in this sector can be impacted by a
lack of investor or consumer acceptance of new products, changing consumer
preferences and lack of standardization or compatibility with existing
technologies making implementation of new products more difficult.

Financials. Companies in the financials sector include regional and money
center banks, securities brokerage firms, asset management companies, savings
banks and thrift institutions, specialty finance companies (e.g., credit card,
mortgage providers), insurance and insurance brokerage firms, consumer finance
firms, financial conglomerates, foreign banking and financial companies.

Page 10


Financial companies are subject to extensive governmental regulation which
limits their activities and may affect their ability to earn a profit from a
given line of business. Government regulation may change frequently and may
have significant adverse consequences for companies in the financials sector,
including effects not intended by the regulation. New legislation and
regulatory changes could cause business disruptions, result in significant
loss of revenue, limit financial firms' ability to pursue business
opportunities, impact the value of business assets and impose additional costs
that may adversely affect business. There can be no assurance as to the actual
impact these laws and their implementing regulations, or any other
governmental program, will have on any individual financial company or on the
financial markets as a whole. Companies in the financials sector may also be
the targets of hacking and potential theft of proprietary or customer
information or disruptions in service, which could have a material adverse
effect on their businesses.

In addition, general economic conditions are important to the operations of
these companies, and financial difficulties of borrowers may have an adverse
effect on the profitability of financial companies. Deteriorating economic
fundamentals may increase the risk of default or insolvency of particular
financial institutions, negatively impact market value, cause credit spreads
to widen, and reduce bank balance sheets. Financial companies can be highly
dependent upon access to capital markets, and any impediments to such access,
such as adverse overall economic conditions or a negative perception in the
capital markets of a financial company's financial condition or prospects,
could adversely affect its business. For example, any failure of a bank can
result in disruption to the broader banking industry or markets generally,
which may also heighten market volatility and reduce liquidity. Deterioration
of credit markets can have an adverse impact on a broad range of financial
markets, causing certain financial companies to incur large losses. In these
conditions, companies in the financials sector may experience significant
declines in the valuation of their assets, take actions to raise capital and
even cease operations. Some financial companies may also be required to accept
or borrow significant amounts of capital from government sources and may face
future government-imposed restrictions on their businesses or increased
government intervention. However, there is no guarantee that governments will
provide any such relief in the future and no certainty that such relief will
mitigate the effects of any failure of a financial institution on the economy
or otherwise strengthen public confidence in financial institutions. These
actions may cause the securities of many companies in the financials sector to
decline in value.

Banks, thrifts and their holding companies are especially subject to the
adverse effects of economic recession; volatile interest rates; portfolio
concentrations in geographic markets, in commercial and residential real
estate loans or any particular segment or industry; and competition from new
entrants in their fields of business. Banks, thrifts and their holding
companies are subject to extensive federal regulation and, when such
institutions are state-chartered, to state regulation as well. Such
regulations impose strict capital requirements and limitations on the nature
and extent of business activities that banks and thrifts may pursue.
Regulatory actions, such as increases in the minimum capital requirements
applicable to banks and thrifts and increases in deposit insurance premiums
required to be paid by banks and thrifts to the FDIC, can negatively impact
earnings and the ability of a company to pay dividends. Neither federal
insurance of deposits nor governmental regulations, however, insures the
solvency or profitability of banks or their holding companies, or insures
against any risk of investment in the securities issued by such institutions.

Interest rate levels, general economic conditions and price and marketing
competition also affect insurance company profits. Companies involved in the
insurance industry are engaged in underwriting, reinsuring, selling,
distributing or placing of property and casualty, life or health insurance.
Property and casualty insurance profits may also be affected by weather
catastrophes and other disasters. Life and health insurance profits may be
affected by mortality and morbidity rates. Individual companies may be exposed
to material risks including reserve inadequacy and the inability to collect
from reinsurance carriers. Insurance companies are subject to extensive
governmental regulation, including the imposition of maximum rate levels,
which may not be adequate for some lines of business. Proposed or potential
tax law changes may also adversely affect insurance companies' policy sales,
tax obligations, and profitability. In addition to the foregoing, profit
margins of these companies continue to shrink due to the commoditization of
traditional businesses, new competitors, capital expenditures on new
technology and the pressures to compete globally. All insurance companies are
subject to state laws and regulations that require diversification of their
investment portfolios and limit the amount of investments in certain
investment categories. Failure to comply with these laws and regulations would
cause non-conforming investments to be treated as non-admitted assets for
purposes of measuring statutory surplus and, in some instances, would require
divestiture associations.

Page 11


Industrials. The profitability of industrial companies will be affected by
various factors including the general state of the economy, intense
competition, domestic and international politics, excess capacity and spending
trends. The Internet may also influence the industrial market. Customers'
desire for better pricing and convenience, as well as manufacturers' desire to
boost profitability by finding new avenues of sales growth and productivity
gains, may drive many industrial manufacturers to invest heavily in Internet
hardware and software. Because the Internet allows manufacturers to take
orders directly from customers, thus eliminating the middlemen from both
supply chains and distributors, industrial makers may no longer need
traditional third-party outfits to distribute their products. In addition, the
Internet may also allow industrial manufacturers to cut inventory levels, by
enabling customers to tailor their orders to their specific needs.

Industrial companies may also be affected by factors more specific to their
individual industries. Industrial machinery manufacturers may be subject to
declines in consumer demand and the need for modernization. Agricultural
equipment businesses may be influenced by fluctuations in farm income, farm
commodity prices, government subsidies and weather conditions. The number of
housing starts, levels of public and non-residential construction including
weakening demand for new office and retail space, and overall construction
spending may adversely affect construction equipment manufacturers, while
overproduction, consolidation and weakening global economies may lead to
deteriorating sales for truck makers.

Information Technology. Technology companies generally include companies
involved in the development, design, manufacture and sale of computers and
peripherals, software and services, data networking/communications equipment,
Internet access/information providers, semiconductors and semiconductor
equipment and other related products, systems and services. The market for
these products, especially those specifically related to the Internet, is
characterized by rapidly changing technology, rapid product obsolescence,
cyclical market patterns, evolving industry standards and frequent new product
introductions. The success of the issuers of the Securities depends in
substantial part on the timely and successful introduction of new products. An
unexpected change in one or more of the technologies affecting an issuer's
products or in the market for products based on a particular technology could
have a material adverse effect on an issuer's operating results. Furthermore,
there can be no assurance that the issuers of the Securities will be able to
respond in a timely manner to compete in the rapidly developing marketplace.

Based on trading history of common stock, factors such as announcements of new
products or development of new technologies and general conditions of the
industry have caused and are likely to cause the market price of high-
technology common stocks to fluctuate substantially. In addition, technology
company stocks have experienced extreme price and volume fluctuations that
often have been unrelated to the operating performance of such companies. This
market volatility may adversely affect the market price of the Securities and
therefore the ability of a Unit holder to redeem Units at a price equal to or
greater than the original price paid for such Units.

Some key components of certain products of technology issuers are currently
available only from single sources. There can be no assurance that in the
future suppliers will be able to meet the demand for components in a timely
and cost effective manner. Accordingly, an issuer's operating results and
customer relationships could be adversely affected by either an increase in
price for, or an interruption or reduction in supply of, any key components.
Additionally, many technology issuers are characterized by a highly
concentrated customer base consisting of a limited number of large customers
who may require product vendors to comply with rigorous industry standards.
Any failure to comply with such standards may result in a significant loss or
reduction of sales. Because many products and technologies of technology
companies are incorporated into other related products, such companies are
often highly dependent on the performance of the personal computer,
electronics and telecommunications industries. There can be no assurance that
these customers will place additional orders, or that an issuer of Securities
will obtain orders of similar magnitude as past orders from other customers.
Similarly, the success of certain technology companies is tied to a relatively
small concentration of products or technologies. Accordingly, a decline in
demand of such products, technologies or from such customers could have a
material adverse impact on issuers of the Securities.

Many technology companies rely on a combination of patents, copyrights,
trademarks and trade secret laws to establish and protect their proprietary
rights in their products and technologies. There can be no assurance that the
steps taken by the issuers of the Securities to protect their proprietary
rights will be adequate to prevent misappropriation of their technology or
that competitors will not independently develop technologies that are
substantially equivalent or superior to such issuers' technology. In addition,
due to the increasing public use of the Internet, it is possible that other
laws and regulations may be adopted to address issues such as privacy,
pricing, characteristics, and quality of Internet products and services. The

Page 12


adoption of any such laws could have a material adverse impact on the
Securities in the Trust.

Like many areas of technology, the semiconductor business environment is
highly competitive, notoriously cyclical and subject to rapid and often
unanticipated change. Recent industry downturns have resulted, in part, from
weak pricing, persistent overcapacity, slowdown in Asian demand and a shift in
retail personal computer sales toward the low end, or "sub-$1,000" segment.
Industry growth is dependent upon several factors, including: the rate of
global economic expansion; demand for products such as personal computers and
networking and communications equipment; excess productive capacity and the
resultant effect on pricing; and the rate of growth in the market for low-
priced personal computers.

The social media industry is also highly competitive and subject to the risks
involved with information technology companies, namely, short product life
cycles, evolving industry standards, loss of patent protections, rapidly
changing technologies and frequent new product introductions.  Additional
risks generally applicable to social media companies include, without
limitation: disruption of services due to internal or external technical
issues; security breaches of private, proprietary and confidential
information; and evolving laws and regulations, foreign or domestic, that
could negatively affect operations. Furthermore, the sustainability of the
business models employed by social media companies remain largely unproven.

Utilities. General problems of the public utility sector include risks of
increases in fuel and other operating costs; restrictions on operations and
increased costs and delays as a result of environmental, nuclear safety and
other regulations; regulatory restrictions on the ability to pass increasing
wholesale costs along to the retail and business customer; energy
conservation; technological innovations which may render existing plants,
equipment or products obsolete; the effects of local weather, maturing markets
and difficulty in expanding to new markets due to regulatory and other
factors; natural or man-made disasters; difficulty obtaining adequate returns
on invested capital; the high cost of obtaining financing during periods of
inflation; difficulties of the capital markets in absorbing utility debt and
equity securities; and increased competition. There is no assurance that such
public service commissions will, in the future, grant rate increases or that
any such increases will be adequate to cover operating and other expenses and
debt service requirements. All of the public utilities which are issuers of
the Securities in the portfolio have been experiencing many of these problems
in varying degrees. Furthermore, utility stocks are particularly susceptible
to interest rate risk, generally exhibiting an inverse relationship to
interest rates. As a result, utility stock prices may be adversely affected as
interest rates rise. The Sponsor makes no prediction as to whether interest
rates will rise or fall or the effect, if any, interest rates may have on the
Securities in the portfolio. In addition, federal, state and municipal
governmental authorities may from time to time review existing, and impose
additional, regulations governing the licensing, construction and operation of
nuclear power plants, which may adversely affect the ability of the issuers of
certain of the Securities in the Trust's portfolio to make dividend payments
on their Securities.

Utilities are generally subject to extensive regulation by state utility
commissions which, for example, establish the rates which may be charged and
the appropriate rate of return on an approved asset base, which must be
approved by the state commissions. The value of utility company securities may
decline as a result of changes to governmental regulation controlling the
utilities industry. Adverse regulatory changes could prevent or delay
utilities from passing along cost increases to customers, which could hinder a
utility's ability to meet its obligations to its suppliers.

Additionally, certain utilities have had difficulty from time to time in
persuading regulators, who are subject to political pressures, to grant rate
increases necessary to maintain an adequate return on investment and voters in
many states have the ability to impose limits on rate adjustments (for
example, by initiative or referendum). Any unexpected limitations could
negatively affect the profitability of utilities whose budgets are planned far
in advance. In addition, gas pipeline and distribution companies have had
difficulties in adjusting to short and surplus energy supplies, enforcing or
being required to comply with long-term contracts and avoiding litigation from
their customers, on the one hand, or suppliers, on the other.

Mergers in the utility sector may require approval from several federal and
state regulatory agencies. These regulatory authorities could, as a matter of
policy, reverse the trend toward deregulation and make consolidation more
difficult, or cause delay in the merger process, any of which could cause the
prices of these securities to fall. Certain of the issuers of the Securities
in the Trust may own or operate nuclear generating facilities. Governmental
authorities may from time to time review existing, and impose additional,
requirements governing the licensing, construction and operation of nuclear
power plants. Nuclear generating projects in the electric utility industry
have experienced substantial cost increases, construction delays and licensing
difficulties. These have been caused by various factors, including inflation,

Page 13


high financing costs, required design changes and rework, allegedly faulty
construction, objections by groups and governmental officials, limits on the
ability to finance, reduced forecasts of energy requirements and economic
conditions. This experience indicates that the risk of significant cost
increases, delays and licensing difficulties remain present until completion
and achievement of commercial operation of any nuclear project. Also, nuclear
generating units in service have experienced unplanned outages or extensions
of scheduled outages due to equipment problems or new regulatory requirements
sometimes followed by a significant delay in obtaining regulatory approval to
return to service. A major accident at a nuclear plant anywhere, such as the
accident at a plant in Chernobyl, could cause the imposition of limits or
prohibitions on the operation, construction or licensing of nuclear units in
the United States.


Page 14

Undertaking

Subject to the terms and conditions of Section 15(d) of the Securities Exchange Act of 1934, the undersigned registrant hereby undertakes to file with the Securities and Exchange Commission such supplementary and periodic information, documents, and reports as may be prescribed by any rule or regulation of the Commission heretofore or hereafter duly adopted pursuant to authority conferred in that section.

CONTENTS OF REGISTRATION STATEMENT

A. Bonding Arrangements of Depositor:

First Trust Portfolios L.P. is covered by a Brokers' Fidelity Bond, in the total amount of $2,000,000, the insurer being National Union Fire Insurance Company of Pittsburgh.

B. This Registration Statement on Form S-6 comprises the following papers and documents:

The Facing Sheet

The Prospectus

The Signatures

Exhibits

S-1

SIGNATURES

The Registrant, FT 11570, hereby identifies The First Trust Special Situations Trust, Series 4; The First Trust Special Situations Trust, Series 18; The First Trust Special Situations Trust, Series 69; The First Trust Special Situations Trust, Series 108; The First Trust Special Situations Trust, Series 119; The First Trust Special Situations Trust, Series 190; FT 286; The First Trust Combined Series 272; FT 412; FT 438; FT 556; FT 754; FT 1102; FT 1179; FT 2935; FT 3320; FT 3367; FT 3370; FT 3397; FT 3398; FT 3400; FT 3451; FT 3480; FT 3529; FT 3530; FT 3568; FT 3569; FT 3570; FT 3572; FT 3615; FT 3647; FT 3650; FT 3689; FT 3690; FT 3729; FT 3780; FT 3940; FT 4020; FT 4037; FT 4143; FT 4260; FT 4746; FT 4789; FT 5039; FT 5415; FT 7033; FT 7256; FT 7935; FT 8495; FT 8669; FT 8713; FT 8740; FT 8746; FT 8758; FT 8817; FT 8955; FT 8956; FT 8965; FT 8976; FT 8978; FT 8993; FT 8994; FT 8997; FT 9039; FT 9040; FT 9042; FT 9058; FT 9068; FT 9203; FT 9204; FT 9303; FT 9305; FT 9326; FT 9327; FT 9372; FT 9401; FT 9402; FT 9403; FT 9474; FT 9513; FT 9514; FT 9611; FT 9630; FT 9709; FT 9872; FT 9908; FT 9911; FT 9923; FT 9937; FT 9950; FT 9961; FT 9977; FT 9978; FT 10051; FT 10057; FT 10105; FT 10109; FT 10121; FT 10272; FT 10295; FT 10323; FT 10412; FT 10447; FT 10455; FT 10475; FT 10528; FT 10583; FT 10689; FT 10694; FT 10756; FT 10865; FT 10895; FT 10976; FT 11035; FT 11095; FT 11096; FT 11097; FT 11155; FT 11156; FT 11223; FT 11224; FT 11285; FT 11462 and FT 11475 for purposes of the representations required by Rule 487 and represents the following:

(1)that the portfolio securities deposited in the series with respect to which this Registration Statement is being filed do not differ materially in type or quality from those deposited in such previous series;

(2)that, except to the extent necessary to identify the specific portfolio securities deposited in, and to provide essential financial information for, the series with respect to the securities of which this Registration Statement is being filed, this Registration Statement does not contain disclosures that differ in any material respect from those contained in the registration statements for such previous series as to which the effective date was determined by the Commission or the staff; and

(3)that it has complied with Rule 460 under the Securities Act of 1933.

Pursuant to the requirements of the Securities Act of 1933, the Registrant, FT 11570, has duly caused this Amendment to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Wheaton and State of Illinois on July 9, 2024.

FT 11570

By: First Trust Portfolios L.P.
Depositor

By: /s/ Elizabeth H. Bull
Senior Vice President

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Pursuant to the requirements of the Securities Act of 1933, this Amendment to the Registration Statement has been signed below by the following person in the capacity and on the date indicated:

Name	Title*	Date
James A. Bowen	Director of The Charger Corporation, the General Partner of First Trust Portfolios L.P., and Chief Executive Officer of First Trust Portfolios L.P.	) ) ) )By: /s/ Elizabeth H. Bull )    Attorney-in-Fact** )    July 9, 2024
James M. Dykas	Chief Financial Officer of First Trust Portfolios L.P.	) )
Christina Knierim	Controller of First Trust Portfolios L.P.	) )

* The title of the person named herein represents his or her capacity in and relationship to First Trust Portfolios L.P., the Depositor.

** Executed copies of the related powers of attorney were filed with the Securities and Exchange Commission in connection with the Amendment No. 1 to Form S-6 of FT 11333 (File No. 333-276837) and the same is hereby incorporated herein by this reference.

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CONSENT OF COUNSEL

The consent of counsel to the use of its name in the Prospectus included in this Registration Statement is contained in its opinion filed as Exhibits 3.1, 3.2 and 3.3 of the Registration Statement.

Consent of Independent Registered Public Accounting Firm

The consent of Deloitte & Touche LLP to the use of its name in the Prospectus included in the Registration Statement is filed as Exhibit 4.1 to the Registration Statement.

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EXHIBIT INDEX

1.1 Standard Terms and Conditions of Trust for FT 10292 and certain subsequent Series, effective September 7, 2022 among First Trust Portfolios L.P., as Depositor, The Bank of New York Mellon, as Trustee and First Trust Advisors L.P., as Portfolio Supervisor (incorporated by reference to Amendment No. 1 to Form S-6 [File No. 333-266325] filed on behalf of FT 10292).

1.1.1 Trust Agreement for FT 11570, effective July 9, 2024 among First Trust Portfolios L.P., as Depositor, The Bank of New York Mellon, as Trustee and First Trust Advisors L.P., as Portfolio Supervisor.

1.2 Certificate of Limited Partnership of Nike Securities, L.P., predecessor of First Trust Portfolios L.P. (incorporated by reference to Amendment No. 1 to Form S-6 [File No. 333-230481] filed on behalf of FT 8001).

1.3 Amended and Restated Limited Partnership Agreement of Nike Securities, L.P., predecessor of First Trust Portfolios L.P. (incorporated by reference to Amendment No. 1 to Form S-6 [File No. 333-230481] filed on behalf of FT 8001).

1.4 Articles of Incorporation of Nike Securities Corporation, predecessor to The Charger Corporation, the general partner of First Trust Portfolios L.P., Depositor (incorporated by reference to Amendment No. 1 to Form S-6 [File No. 333-230481] filed on behalf of FT 8001).

1.5 By-Laws of The Charger Corporation, the general partner of First Trust Portfolios L.P., Depositor (incorporated by reference to Amendment No. 2 to Form S-6 [File No. 333-169625] filed on behalf of FT 2669).

1.7 Fund of Funds Agreements (incorporated by reference to Amendment No. 1 to Form S-6 [File No. 333-261661] filed on behalf of FT 9909, Amendment No. 1 to Form S-6 [File No. 333-261297] filed on behalf of FT 9857, Amendment No. 1 to Form S-6 [File No. 333-262164] filed on behalf of FT 9948, Amendment No. 1 to Form S-6 [File No. 333-262344] filed on behalf of FT 9965, Amendment No. 1 to Form S-6 [File No. 333-263845] filed on behalf of FT 10083 and Amendment No. 1 to Form S-6 [File No. 333-274281] filed on behalf of FT 11028).

2.2 Code of Ethics (incorporated by reference to Amendment No. 1 to Form S-6 [File No. 333-224320] filed on behalf of FT 7359).

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3.1 Opinion of counsel as to legality of securities being registered.

3.2 Opinion of counsel as to Federal income tax status of securities being registered.

3.3 Opinion of counsel as to New York (state and city) tax status of securities being registered.

4.1 Consent of Independent Registered Public Accounting Firm.

6.1 List of Principal Officers of the Depositor (incorporated by reference to Amendment No. 1 to Form S-6 [File No. 333-236093] filed on behalf of FT 8556).

7.1 Powers of Attorney executed by the Officers listed on page S-3 of this Registration Statement (incorporated by reference to Amendment No. 1 to Form S-6 [File No. 333-276837] filed on behalf of FT 11333).

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