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Sabrient Dividend, 13  Ticker: FRLEIX
 
Description
A unit investment trust that seeks above-average total return through a combination of capital appreciation and dividend income. The portfolio seeks to find companies with above-average dividend yields. The stocks are selected for the trust by Sabrient Systems, LLC by applying a seven-step investment strategy process.
 
Summary
Product Code: SBDV13
Portfolio Status: Secondary
Initial Offer Date: 03/07/2016
Secondary Date: 06/03/2016
Portfolio Ending Date: 03/07/2018
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $11.5899
POP(*): Not Avail
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 04/28/2017 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 * $0.3200
As of 04/24/2017
* 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 24.97%
Consumer Staples  Consumer Staples 1.29%
Energy  Energy 1.26%
Financials  Financials 24.81%
Health Care  Health Care 4.54%
Industrials  Industrials 13.16%
Information Technology  Information Technology 8.88%
Materials  Materials 12.63%
Real Estate  Real Estate 5.96%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 2.37%
Other  Other 0.13%
 
  Large Mid Small  
Growth  6.97% 10.59% 15.82%  
Value  26.36% 20.62% 19.51%  

 Style Weighting
Large-Cap Growth 6.97%
Large-Cap Value 26.36%
Mid-Cap Growth 10.59%
Mid-Cap Value 20.62%
Small-Cap Growth 15.82%
Small-Cap Value 19.51%
Undetermined 0.13%
 Composition
U.S. Stocks 90.41%   Other 0.13%
Non-U.S. Stocks 9.46%      
The style and sector characteristics of the portfolio are determined as of 04/28/2017 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $39,594.38
Weighted Average Price/Earnings 17.70
Weighted Average Price/Book 1.96
As of 4/28/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Olin Corporation OLN Materials  Materials Mid-Cap Value 3.44%
 Insperity, Inc. NSP Industrials  Industrials Small-Cap Growth 3.23%
 Steel Dynamics, Inc. STLD Materials  Materials Mid-Cap Value 3.17%
 Morgan Stanley MS Financials  Financials Large-Cap Value 2.86%
 Regions Financial Corporation RF Financials  Financials Large-Cap Value 2.84%
 NetApp, Inc. NTAP Information Technology  Information Technology Mid-Cap Growth 2.65%
 UnitedHealth Group Incorporated UNH Health Care  Health Care Large-Cap Growth 2.51%
 Royal Caribbean Cruises Ltd. RCL Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.51%
 Nexstar Media Group, Inc. NXST Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.51%
 Time Warner Inc. TWX Consumer Discretionary  Consumer Discretionary Large-Cap Value 2.49%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 2.43%
 Ameriprise Financial, Inc. AMP Financials  Financials Large-Cap Value 2.42%
 M.D.C. Holdings, Inc. MDC Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.40%
 PacWest Bancorp PACW Financials  Financials Mid-Cap Value 2.40%
 Hercules Capital, Inc. HTGC Financials  Financials Small-Cap Value 2.39%
 NRG Yield, Inc. (Class A) NYLD/A Utilities  Utilities Small-Cap Value 2.37%
 Meredith Corporation MDP Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.28%
 PulteGroup, Inc. PHM Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.19%
 Steelcase Inc. SCS Industrials  Industrials Small-Cap Growth 2.18%
 The Dow Chemical Company DOW Materials  Materials Large-Cap Value 2.15%
 Weyerhaeuser Company WY Real Estate  Real Estate Large-Cap Value 2.13%
 MetLife, Inc. MET Financials  Financials Large-Cap Value 2.12%
 Harley-Davidson, Inc. HOG Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.09%
 Apollo Commercial Real Estate Finance, Inc. ARI Financials  Financials Small-Cap Value 2.09%
 KAR Auction Services, Inc. KAR Industrials  Industrials Mid-Cap Growth 2.08%
 A. Schulman, Inc. SHLM Materials  Materials Small-Cap Growth 2.06%
 Blackstone Mortgage Trust, Inc. (Class A) BXMT Financials  Financials Small-Cap Value 2.04%
 EVERTEC, Inc. EVTC Information Technology  Information Technology Small-Cap Growth 2.04%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 2.03%
 Whirlpool Corporation WHR Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.00%
 DiamondRock Hospitality Company DRH Real Estate  Real Estate Small-Cap Value 1.96%
 Bank of the Ozarks, Inc. OZRK Financials  Financials Mid-Cap Value 1.94%
 Alaska Air Group, Inc. ALK Industrials  Industrials Mid-Cap Growth 1.92%
 Umpqua Holdings Corporation UMPQ Financials  Financials Mid-Cap Value 1.92%
 Aircastle Limited AYR Industrials  Industrials Small-Cap Value 1.90%
 Welltower Inc. HCN Real Estate  Real Estate Large-Cap Value 1.87%
 Watsco, Inc. WSO Industrials  Industrials Mid-Cap Growth 1.85%
 Kaiser Aluminum Corporation KALU Materials  Materials Small-Cap Value 1.81%
 BankUnited, Inc. BKU Financials  Financials Mid-Cap Value 1.79%
 TEGNA Inc. TGNA Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.77%
 QUALCOMM Incorporated QCOM Information Technology  Information Technology Large-Cap Value 1.76%
 Magna International Inc. (Class A) MGA Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.75%
 Brinker International, Inc. EAT Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.52%
 Ford Motor Company F Consumer Discretionary  Consumer Discretionary Large-Cap Value 1.46%
 Cal-Maine Foods, Inc. CALM Consumer Staples  Consumer Staples Small-Cap Value 1.29%
 Scorpio Tankers Inc. STNG Energy  Energy Small-Cap Value 1.26%
 
Total Number of Holdings:    46
Underlying Securities information represented above is as of 04/28/2017 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.

Business Development Company Risk. Certain of the securities in the portfolio are issued by closed-end investment companies which have been elected to be treated as Business Development Companies (BDC). An investment in BDCs is subject to various risks, including management's ability to meet the BDC's investment objective, and to manage the BDC's portfolio during periods of market turmoil. BDCs may trade in the market at a discount to their net asset value. BDCs may employ the use of leverage which subjects the BDC to increased risks.

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.

High-Yield or Junk Bonds Risk. Investing in high-yield securities or "junk" bonds should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such securities. High-yield securities are subject to numerous risks, including higher interest rates, economic recession, deterioration of the junk bond market, possible downgrades and defaults of interest and/or principal. High-yield security prices tend to fluctuate more than higher rated securities and are affected by short-term credit developments to a greater degree.

Investment Grade Bonds Risk. Investment grade securities are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade security market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

Preferred Securities Risk. Preferred securities are equity securities of the issuing company which pay income in the form of dividends. Preferred securities are typically subordinated to bonds and other debt instruments in a company's capital structure, and therefore will be subject to greater credit risk than those debt instruments.

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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