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Sabrient Small Cap Growth, 10  Ticker: FLAMEX
 
Description
This unit investment trust seeks above-average capital appreciation; however, there is no assurance the objective will be met.
 
Summary
Product Code: SBSC10
Portfolio Status: Secondary
Initial Offer Date: 04/22/2016
Secondary Date: 07/20/2016
Portfolio Ending Date: 07/24/2017
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $11.1250
POP(*): $11.4044
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/23/2017 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 * $0.1000
As of 03/20/2017
* 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 18.12%
Consumer Staples  Consumer Staples 1.71%
Energy  Energy 1.42%
Financials  Financials 18.39%
Health Care  Health Care 1.71%
Industrials  Industrials 24.21%
Information Technology  Information Technology 26.46%
Materials  Materials 6.36%
Real Estate  Real Estate 1.33%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 0.00%
Other  Other 0.29%
 
  Large Mid Small  
Growth  0.00% 0.00% 55.31%  
Value  0.00% 1.33% 43.07%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 0.00%
Mid-Cap Value 1.33%
Small-Cap Growth 55.31%
Small-Cap Value 43.07%
Undetermined 0.29%
 Composition
U.S. Stocks 80.79%   Other 0.29%
Non-U.S. Stocks 18.92%      
The style and sector characteristics of the portfolio are determined as of 03/23/2017 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $1,734.98
Weighted Average Price/Earnings 20.48
Weighted Average Price/Book 2.39
As of 3/23/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 TTM Technologies, Inc. TTMI Information Technology  Information Technology Small-Cap Value 4.37%
 Tower Semiconductor Ltd. TSEM Information Technology  Information Technology Small-Cap Growth 3.53%
 Sanmina Corporation SANM Information Technology  Information Technology Small-Cap Value 3.40%
 Essent Group Ltd. ESNT Financials  Financials Small-Cap Growth 3.18%
 Insperity, Inc. NSP Industrials  Industrials Small-Cap Growth 3.12%
 Fox Factory Holding Corp. FOXF Consumer Discretionary  Consumer Discretionary Small-Cap Growth 3.06%
 LegacyTexas Financial Group, Inc. LTXB Financials  Financials Small-Cap Value 3.01%
 Pacific Premier Bancorp, Inc. PPBI Financials  Financials Small-Cap Value 2.94%
 MaxLinear, Inc. (Class A) MXL Information Technology  Information Technology Small-Cap Growth 2.84%
 Apogee Enterprises, Inc. APOG Industrials  Industrials Small-Cap Growth 2.44%
 Continental Building Products, Inc. CBPX Industrials  Industrials Small-Cap Growth 2.42%
 TrueBlue, Inc. TBI Industrials  Industrials Small-Cap Value 2.41%
 Orbotech Ltd. ORBK Information Technology  Information Technology Small-Cap Value 2.35%
 Tenneco Inc. TEN Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.35%
 Pinnacle Financial Partners, Inc. PNFP Financials  Financials Small-Cap Value 2.32%
 Ply Gem Holdings, Inc. PGEM Industrials  Industrials Small-Cap Growth 2.32%
 Criteo S.A. (ADR) CRTO Information Technology  Information Technology Small-Cap Growth 2.28%
 M.D.C. Holdings, Inc. MDC Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.22%
 Kforce Inc. KFRC Industrials  Industrials Small-Cap Growth 2.22%
 Integrated Device Technology, Inc. IDTI Information Technology  Information Technology Small-Cap Growth 2.20%
 Builders FirstSource, Inc. BLDR Industrials  Industrials Small-Cap Growth 2.20%
 Headwaters Incorporated HW Materials  Materials Small-Cap Growth 2.15%
 Summit Materials, Inc. (Class A) SUM Materials  Materials Small-Cap Growth 2.12%
 A. Schulman, Inc. SHLM Materials  Materials Small-Cap Growth 2.09%
 Gray Television, Inc. GTN Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.05%
 Bloomin' Brands, Inc. BLMN Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.05%
 Maiden Holdings, Ltd. MHLD Financials  Financials Small-Cap Value 2.04%
 CalAmp Corp. CAMP Information Technology  Information Technology Small-Cap Growth 2.00%
 La-Z-Boy Incorporated LZB Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.99%
 Banc of California, Inc. BANC Financials  Financials Small-Cap Value 1.98%
 Korn/Ferry International KFY Industrials  Industrials Small-Cap Value 1.90%
 Granite Construction Incorporated GVA Industrials  Industrials Small-Cap Value 1.89%
 United Insurance Holdings Corp. UIHC Financials  Financials Small-Cap Value 1.89%
 Hawaiian Holdings, Inc. HA Industrials  Industrials Small-Cap Growth 1.79%
 Brinker International, Inc. EAT Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.77%
 New Media Investment Group Inc. NEWM Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.72%
 Cott Corporation COT Consumer Staples  Consumer Staples Small-Cap Value 1.71%
 Sucampo Pharmaceuticals, Inc. (Class A) SCMP Health Care  Health Care Small-Cap Growth 1.71%
 Echo Global Logistics, Inc. ECHO Industrials  Industrials Small-Cap Value 1.50%
 Travelport Worldwide Limited TVPT Information Technology  Information Technology Small-Cap Growth 1.49%
 DHT Holdings, Inc. DHT Energy  Energy Small-Cap Value 1.42%
 Gaming and Leisure Properties, Inc. GLPI Real Estate  Real Estate Mid-Cap Value 1.33%
 Synaptics Incorporated SYNA Information Technology  Information Technology Small-Cap Growth 1.08%
 Opus Bank OPB Financials  Financials Small-Cap Value 1.03%
 SolarEdge Technologies, Inc. SEDG Information Technology  Information Technology Small-Cap Value 0.92%
 Pinnacle Entertainment, Inc. PNK Consumer Discretionary  Consumer Discretionary Small-Cap Growth 0.91%
 
Total Number of Holdings:    46
Underlying Securities information represented above is as of 03/23/2017 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.

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.

IRA Risk. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

REITs Risk. An investment in a portfolio containing REIT securities is subject to additional risks including limited diversification. Companies involved in the real estate industry are subject to changes in the real estate market, vacancy rates and competition, volatile interest rates and economic recession.

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.

Although the portfolio terminates in approximately one year, the strategy is long-term. Investors should consider their ability to pursue investing in successive portfolios, if available. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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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