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Sabrient Small Cap Growth, 14  Ticker: FJHCLX
 
Description
This unit investment trust seeks above-average capital appreciation; however, there is no assurance the objective will be met.
 
Summary
Product Code: SBSC14
Portfolio Status: Primary
Initial Offer Date: 04/12/2017
Portfolio Ending Date: 07/12/2018
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $10.6098
POP(*): $10.8808
Remaining Deferred Sales Charge: $0.1450
* As of Trade Date: 06/26/2017 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 * $0.0365
As of 06/26/2017
* 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 14.91%
Consumer Staples  Consumer Staples 1.78%
Energy  Energy 0.00%
Financials  Financials 13.05%
Health Care  Health Care 16.60%
Industrials  Industrials 13.82%
Information Technology  Information Technology 25.92%
Materials  Materials 11.74%
Real Estate  Real Estate 2.13%
Telecommunication Services  Telecommunication Services 0.00%
Utilities  Utilities 0.00%
Other  Other 0.05%
 
  Large Mid Small  
Growth  0.00% 2.36% 63.16%  
Value  0.00% 3.07% 31.36%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 2.36%
Mid-Cap Value 3.07%
Small-Cap Growth 63.16%
Small-Cap Value 31.36%
Undetermined 0.05%
 Composition
U.S. Stocks 83.35%   Other 0.05%
Non-U.S. Stocks 16.60%      
The style and sector characteristics of the portfolio are determined as of 06/23/2017 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $1,614.96
Weighted Average Price/Earnings 26.66
Weighted Average Price/Book 2.34
As of 6/23/2017
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 MiMedx Group, Inc. MDXG Health Care  Health Care Small-Cap Growth 3.32%
 Health Insurance Innovations, Inc. (Class A) HIIQ Financials  Financials Small-Cap Growth 3.08%
 Molina Healthcare, Inc. MOH Health Care  Health Care Mid-Cap Value 3.07%
 Extreme Networks, Inc. EXTR Information Technology  Information Technology Small-Cap Growth 2.99%
 Supernus Pharmaceuticals, Inc. SUPN Health Care  Health Care Small-Cap Growth 2.92%
 Winnebago Industries, Inc. WGO Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.71%
 Ultra Clean Holdings, Inc. UCTT Information Technology  Information Technology Small-Cap Growth 2.71%
 Amedisys, Inc. AMED Health Care  Health Care Small-Cap Growth 2.54%
 Hudson Technologies, Inc. HDSN Industrials  Industrials Small-Cap Growth 2.51%
 Quidel Corporation QDEL Health Care  Health Care Small-Cap Growth 2.47%
 Synaptics Incorporated SYNA Information Technology  Information Technology Small-Cap Growth 2.39%
 Brooks Automation, Inc. BRKS Information Technology  Information Technology Small-Cap Growth 2.38%
 FormFactor, Inc. FORM Information Technology  Information Technology Small-Cap Growth 2.38%
 Tower Semiconductor Ltd. TSEM Information Technology  Information Technology Small-Cap Growth 2.36%
 MACOM Technology Solutions Holdings, Inc. MTSI Information Technology  Information Technology Mid-Cap Growth 2.36%
 William Lyon Homes (Class A) WLH Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.35%
 Constellium N.V. (Class A) CSTM Materials  Materials Small-Cap Growth 2.35%
 Summit Materials, Inc. (Class A) SUM Materials  Materials Small-Cap Growth 2.35%
 Envestnet, Inc. ENV Information Technology  Information Technology Small-Cap Growth 2.33%
 TopBuild Corp. BLD Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.33%
 KB Home KBH Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.31%
 Select Medical Holdings Corporation SEM Health Care  Health Care Small-Cap Growth 2.28%
 American Equity Investment Life Holding Company AEL Financials  Financials Small-Cap Value 2.17%
 Potlatch Corporation PCH Real Estate  Real Estate Small-Cap Growth 2.13%
 Primoris Services Corporation PRIM Industrials  Industrials Small-Cap Growth 2.13%
 Kulicke and Soffa Industries, Inc. KLIC Information Technology  Information Technology Small-Cap Value 2.11%
 Enova International, Inc. ENVA Financials  Financials Small-Cap Value 2.11%
 Criteo S.A. (ADR) CRTO Information Technology  Information Technology Small-Cap Growth 2.05%
 Mercer International Inc. MERC Materials  Materials Small-Cap Value 2.03%
 National General Holdings Corp. NGHC Financials  Financials Small-Cap Value 1.98%
 Tarena International Inc. (ADR) TEDU Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.97%
 YRC Worldwide Inc. YRCW Industrials  Industrials Small-Cap Growth 1.95%
 Kate Spade & Co. KATE Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.93%
 AK Steel Holding Corporation AKS Materials  Materials Small-Cap Growth 1.93%
 Masonite International Corporation DOOR Industrials  Industrials Small-Cap Growth 1.92%
 Mercury General Corporation MCY Financials  Financials Small-Cap Value 1.90%
 BCM Stock Holdings, Inc. BMCH Industrials  Industrials Small-Cap Value 1.88%
 Cohu, Inc. COHU Information Technology  Information Technology Small-Cap Value 1.86%
 Granite Construction Incorporated GVA Industrials  Industrials Small-Cap Value 1.85%
 Maiden Holdings, Ltd. MHLD Financials  Financials Small-Cap Value 1.81%
 The Andersons, Inc. ANDE Consumer Staples  Consumer Staples Small-Cap Value 1.78%
 Cliffs Natural Resources Inc. CLF Materials  Materials Small-Cap Growth 1.71%
 ArcBest Corporation ARCB Industrials  Industrials Small-Cap Value 1.58%
 Ryerson Holding Corporation RYI Materials  Materials Small-Cap Growth 1.37%
 Boot Barn Holdings, Inc. BOOT Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.31%
 
Total Number of Holdings:    45
Underlying Securities information represented above is as of 06/23/2017 but will vary with future fluctuations in the market.

 Standard Account Sales Charges *
Transactional sales charges: Initial:  1.16%
  Deferred:  1.33%
C&D Fee:    0.46%
Maximum Sales Charge:   2.95%
CUSIP Type Distribution
30302M624 Cash Semi-Annual
30302M632 Reinvest Semi-Annual
* Based on the offer price as of 06/26/2017 4:00pm ET

 Fee/Wrap Account Sales Charges *
C&D Fee:    0.47%
Maximum Sales Charge:   0.47%
CUSIP Type Distribution
30302M640 Cash-Fee Semi-Annual
30302M657 Reinvest-Fee Semi-Annual
* Based on the NAV price as of 06/26/2017 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
$0.04830 July 20, 2017
$0.04830 August 18, 2017
$0.04840 September 20, 2017

 Volume Discounts
Initial Purchases Maximum
Sales Charge
$50,000 but less than $100,000 2.70%
$100,000 but less than $250,000 2.45%
$250,000 but less than $500,000 2.20%
$500,000 but less than $1,000,000 1.95%
$1,000,000 or more 1.40%

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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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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