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Sabrient Rising Rate, 3  Ticker: FZANSX
 
Description
A unit investment trust that seeks above-average capital appreciation. The portfolio seeks to find companies that Sabrient believes are positioned to perform well in environments of rising Treasury yields. The stocks are selected for the trust by Sabrient Systems, LLC by applying a comprehensive investment strategy process.
 
Summary
Product Code: SBRR3
Portfolio Status: Secondary
Initial Offer Date: 11/24/2015
Secondary Date: 02/22/2016
Portfolio Ending Date: 11/27/2017
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $9.7269
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 10/18/2017 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges. The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.

 Estimated Net Annual Distribution Per Unit
Estimated Net Annual Distribution Per Unit * $0.0640
As of 10/16/2017
* The estimates are based on annualizing the most recent dividends declared by the issuers of the securities included in the portfolio. There is no guarantee that the issuers of the securities included in the portfolio will declare distributions in the future or that, if declared, they will either remain at current levels or increase over time.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Consumer Discretionary  Consumer Discretionary 18.03%
Consumer Staples  Consumer Staples 1.43%
Energy  Energy 2.02%
Financials  Financials 16.95%
Health Care  Health Care 5.11%
Industrials  Industrials 24.56%
Information Technology  Information Technology 23.61%
Materials  Materials 8.08%
Real Estate  Real Estate 0.00%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 0.00%
Other  Other 0.21%
 
  Large Mid Small  
Growth  0.00% 17.60% 30.61%  
Value  14.24% 21.66% 15.68%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 14.24%
Mid-Cap Growth 17.60%
Mid-Cap Value 21.66%
Small-Cap Growth 30.61%
Small-Cap Value 15.68%
Undetermined 0.21%
 Composition
U.S. Stocks 83.98%   Other 0.21%
Non-U.S. Stocks 15.81%      
The style and sector characteristics of the portfolio are determined as of 10/17/2017 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $9,227.13
Weighted Average Price/Earnings 17.35
Weighted Average Price/Book 2.08
As of 10/17/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Trinseo S.A. TSE Materials  Materials Small-Cap Growth 4.94%
 CenterState Bank Corporation CSFL Financials  Financials Small-Cap Value 3.28%
 Berry Global Group, Inc. BERY Materials  Materials Mid-Cap Growth 3.14%
 CDW Corporation CDW Information Technology  Information Technology Mid-Cap Growth 2.98%
 Zebra Technologies Corporation ZBRA Information Technology  Information Technology Mid-Cap Growth 2.85%
 E*TRADE Financial Corporation ETFC Financials  Financials Mid-Cap Value 2.83%
 Microsemi Corporation MSCC Information Technology  Information Technology Mid-Cap Value 2.76%
 MaxLinear, Inc. (Class A) MXL Information Technology  Information Technology Small-Cap Growth 2.74%
 Lear Corporation LEA Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.67%
 FedEx Corporation FDX Industrials  Industrials Large-Cap Value 2.65%
 Lincoln National Corporation LNC Financials  Financials Large-Cap Value 2.65%
 Western Alliance Bancorporation WAL Financials  Financials Mid-Cap Value 2.65%
 Royal Caribbean Cruises Ltd. RCL Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.62%
 William Lyon Homes (Class A) WLH Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.59%
 Carnival Corporation CCL Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.57%
 Air Lease Corporation AL Industrials  Industrials Mid-Cap Value 2.53%
 Masco Corporation MAS Industrials  Industrials Mid-Cap Growth 2.52%
 NCI Building Systems, Inc. NCS Industrials  Industrials Small-Cap Growth 2.52%
 PGT Innovations, Inc. PGTI Industrials  Industrials Small-Cap Growth 2.51%
 Inphi Corporation IPHI Information Technology  Information Technology Small-Cap Growth 2.30%
 On Assignment, Inc. ASGN Industrials  Industrials Small-Cap Growth 2.27%
 Jabil, Inc. JBL Information Technology  Information Technology Mid-Cap Value 2.21%
 Delta Air Lines, Inc. DAL Industrials  Industrials Large-Cap Value 2.11%
 Hawaiian Holdings, Inc. HA Industrials  Industrials Small-Cap Growth 2.10%
 Integrated Device Technology, Inc. IDTI Information Technology  Information Technology Mid-Cap Growth 2.02%
 Web.com Group, Inc. WEB Information Technology  Information Technology Small-Cap Growth 2.02%
 Simmons First National Corporation SFNC Financials  Financials Small-Cap Value 1.99%
 Federated Investors, Inc. (Class B) FII Financials  Financials Small-Cap Growth 1.92%
 Ciena Corporation CIEN Information Technology  Information Technology Small-Cap Growth 1.65%
 Ford Motor Company F Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.64%
 Skechers U.S.A., Inc. SKX Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.63%
 Bank of the Ozarks, Inc. OZRK Financials  Financials Mid-Cap Value 1.63%
 United Therapeutics Corporation UTHR Health Care  Health Care Mid-Cap Value 1.54%
 JetBlue Airways Corporation JBLU Industrials  Industrials Mid-Cap Value 1.53%
 Motorcar Parts of America, Inc. MPAA Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.50%
 YRC Worldwide Inc. YRCW Industrials  Industrials Small-Cap Growth 1.43%
 Cal-Maine Foods, Inc. CALM Consumer Staples  Consumer Staples Small-Cap Growth 1.43%
 Hanesbrands Inc. HBI Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.42%
 Avadel Pharmaceuticals plc (ADR) AVDL Health Care  Health Care Small-Cap Growth 1.40%
 AutoNation, Inc. AN Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.39%
 Allegiant Travel Company ALGT Industrials  Industrials Small-Cap Growth 1.38%
 Cardtronics Plc CATM Information Technology  Information Technology Small-Cap Value 1.25%
 AMAG Pharmaceuticals, Inc. AMAG Health Care  Health Care Small-Cap Value 1.21%
 Tsakos Energy Navigation Limited TNP Energy  Energy Small-Cap Value 1.18%
 Costamare Inc. CMRE Industrials  Industrials Small-Cap Value 1.01%
 Envision Healthcare Corporation EVHC Health Care  Health Care Mid-Cap Value 0.96%
 Scorpio Tankers Inc. STNG Energy  Energy Small-Cap Value 0.84%
 Synaptics Incorporated SYNA Information Technology  Information Technology Small-Cap Value 0.83%
 
Total Number of Holdings:    48
Underlying Securities information represented above is as of 10/17/2017 but will vary with future fluctuations in the market.

Risk Considerations

Equity Risk. An investment in a portfolio containing common stocks is subject to certain risks, such as an economic recession and the possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of the stock market.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

Buy & Hold Risk – Taxable Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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

Foreign Securities Risk. An investment in securities of foreign issuers should be made with an understanding of the additional risks involved, such as currency fluctuations, political risk, withholding, the lack of adequate financial information, and exchange control restrictions impacting foreign issuers.

Industrials Risk. The companies engaged in the industrials sector are subject to a deterioration in the general state of the economy, intense competition, domestic and international politics, excess capacity and changing spending trends.

Small-Cap and Mid-Cap Risk. An investment in a portfolio containing small-cap and mid-cap companies is subject to additional risks, as the share prices of small-cap companies and certain mid-cap companies are often more volatile than those of larger companies due to several factors, including limited trading volumes, products, financial resources, management inexperience and less publicly available information.

Volatility Risk. The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers.

All data used for the sector and style classification comparisons is from Bloomberg Finance L.P, which we believe to be reliable, but do not take responsibility for its accuracy.

The style and capitalization characteristics used to describe the stocks are designed to help you understand how they fit into your overall investment plan. Due to changes in the value of the stocks the characteristics may vary over time. In general, growth stocks have high relative price-to-book ratios while value stocks have low relative price-to-book ratios. In determining market capitalization characteristics, we analyze the market capitalizations of the 3,000 largest stocks in the U.S. (excluding foreign securities, ADRs, limited partnerships and regulated investment companies) on a monthly basis. Companies with market capitalizations among the largest 10% are considered Large-Cap securities, the next 20% are considered Mid-Cap securities and the remaining securities are considered Small-Cap securities.

You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial advisor or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the trust. Read it carefully before you invest.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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