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Sabrient Dividend, 17  Ticker: FKEWLX
 
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: SBDV17
Portfolio Status: Primary
Initial Offer Date: 02/17/2017
Portfolio Ending Date: 02/19/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.5684
POP(*): $9.9098
Remaining Deferred Sales Charge: $0.2450
* 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
Year 1 * $0.3535
Subsequent Years * $0.3517
As of 03/20/2017
* The estimated net annual distribution for subsequent years is expected to be less than the amount for the first year because a portion of the securities included in the portfolio will be sold to pay for organization costs, the deferred sales charge and the creation and development fee.  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 8.05%
Consumer Staples  Consumer Staples 6.36%
Energy  Energy 13.86%
Financials  Financials 28.96%
Health Care  Health Care 4.18%
Industrials  Industrials 1.89%
Information Technology  Information Technology 14.29%
Materials  Materials 3.85%
Real Estate  Real Estate 18.33%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 0.00%
Other  Other 0.23%
 
  Large Mid Small  
Growth  12.67% 11.67% 4.02%  
Value  34.05% 9.89% 27.47%  

 Style Weighting
Large-Cap Growth 12.67%
Large-Cap Value 34.05%
Mid-Cap Growth 11.67%
Mid-Cap Value 9.89%
Small-Cap Growth 4.02%
Small-Cap Value 27.47%
Undetermined 0.23%
 Composition
U.S. Stocks 84.38%   Other 0.23%
Non-U.S. Stocks 15.39%      
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 $55,793.66
Weighted Average Price/Earnings 23.70
Weighted Average Price/Book 1.86
As of 3/23/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Silver Bay Realty Trust Corp. SBY Real Estate  Real Estate Small-Cap Value 2.44%
 Philip Morris International Inc. PM Consumer Staples  Consumer Staples Large-Cap Growth 2.22%
 Lam Research Corporation LRCX Information Technology  Information Technology Large-Cap Value 2.19%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 2.14%
 Las Vegas Sands Corp. LVS Consumer Discretionary  Consumer Discretionary Large-Cap Growth 2.13%
 Archer-Daniels-Midland Company ADM Consumer Staples  Consumer Staples Large-Cap Value 2.08%
 Eaton Vance Corp. EV Financials  Financials Mid-Cap Growth 2.07%
 CubeSmart CUBE Real Estate  Real Estate Mid-Cap Value 2.07%
 Broadcom Limited AVGO Information Technology  Information Technology Large-Cap Growth 2.07%
 Apple Inc. AAPL Information Technology  Information Technology Large-Cap Growth 2.06%
 M.D.C. Holdings, Inc. MDC Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.06%
 Anheuser-Busch InBev S.A./N.V. (ADR) BUD Consumer Staples  Consumer Staples Large-Cap Value 2.06%
 CareTrust REIT, Inc. CTRE Real Estate  Real Estate Small-Cap Growth 2.06%
 Microchip Technology Incorporated MCHP Information Technology  Information Technology Large-Cap Growth 2.05%
 New Residential Investment Corp. NRZ Financials  Financials Mid-Cap Value 2.05%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 2.04%
 BP Plc (ADR) BP Energy  Energy Large-Cap Value 2.03%
 Terreno Realty Corporation TRNO Real Estate  Real Estate Small-Cap Value 2.02%
 The Allstate Corporation ALL Financials  Financials Large-Cap Value 2.01%
 Maxim Integrated Products, Inc. MXIM Information Technology  Information Technology Mid-Cap Growth 2.01%
 Western Digital Corporation WDC Information Technology  Information Technology Large-Cap Value 2.01%
 Weyerhaeuser Company WY Real Estate  Real Estate Large-Cap Value 2.00%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 2.00%
 Hannon Armstrong Sustainable Infrastructure Capital, Inc. HASI Financials  Financials Small-Cap Value 2.00%
 Life Storage, Inc. LSI Real Estate  Real Estate Mid-Cap Value 1.99%
 Phillips 66 PSX Energy  Energy Large-Cap Value 1.99%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 1.98%
 Pier 1 Imports, Inc. PIR Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.98%
 American International Group, Inc. AIG Financials  Financials Large-Cap Value 1.97%
 Royal Dutch Shell Plc (Class B) (ADR) RDS/B Energy  Energy Large-Cap Value 1.97%
 Main Street Capital Corporation MAIN Financials  Financials Small-Cap Value 1.97%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 1.97%
 Moelis & Company MC Financials  Financials Small-Cap Growth 1.96%
 Hercules Capital, Inc. HTGC Financials  Financials Small-Cap Value 1.95%
 Legg Mason, Inc. LM Financials  Financials Small-Cap Value 1.94%
 Nucor Corporation NUE Materials  Materials Large-Cap Value 1.93%
 Hospitality Properties Trust HPT Real Estate  Real Estate Mid-Cap Value 1.93%
 Easterly Government Properties, Inc. DEA Real Estate  Real Estate Small-Cap Value 1.93%
 T. Rowe Price Group, Inc. TROW Financials  Financials Large-Cap Value 1.92%
 Packaging Corporation of America PKG Materials  Materials Mid-Cap Growth 1.92%
 Green Plains Inc. GPRE Energy  Energy Small-Cap Value 1.92%
 Seagate Technology Plc STX Information Technology  Information Technology Mid-Cap Growth 1.90%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 1.90%
 Iron Mountain Incorporated IRM Real Estate  Real Estate Mid-Cap Growth 1.89%
 Aircastle Limited AYR Industrials  Industrials Small-Cap Value 1.89%
 Chemical Financial Corporation CHFC Financials  Financials Small-Cap Value 1.88%
 Six Flags Entertainment Corporation SIX Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.88%
 Triangle Capital Corporation TCAP Financials  Financials Small-Cap Value 1.87%
 Invesco Ltd. IVZ Financials  Financials Mid-Cap Value 1.85%
 Maiden Holdings, Ltd. MHLD Financials  Financials Small-Cap Value 1.62%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 03/23/2017 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  0.98%
  Deferred:  2.47%
C&D Fee:    0.50%
Maximum Sales Charge:   3.95%
CUSIP Type Distribution
30302G783 Cash Monthly
30302G791 Reinvest Monthly
* Based on the offer price as of 03/23/2017 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.52%
Maximum Sales Charge:   0.52%
CUSIP Type Distribution
30302G809 Cash-Fee Monthly
30302G817 Reinvest-Fee Monthly
* Based on the NAV price as of 03/23/2017 4:00pm ET
In addition to the sales charges listed, UITs are subject to annual operating expenses and organization costs.

 Deferred Sales Charge Schedule
Amount Date
$0.08160 May 19, 2017
$0.08170 June 20, 2017
$0.08170 July 20, 2017

 Volume Discounts
Initial Purchases Maximum
Sales Charge
$50,000 but less than $100,000 3.70%
$100,000 but less than $250,000 3.45%
$250,000 but less than $500,000 3.10%
$500,000 but less than $1,000,000 2.95%
$1,000,000 or more 2.45%

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.

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.

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.

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.

Additional Risk. For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.

Important Note. It is important to note that an investment can be made in the underlying funds directly rather than through the trust. These direct investments can be made without paying the trust's sales charge, operating expenses and organizational costs.

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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