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Sabrient Dividend, 23  Ticker: FQBCAX
 
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: SBDV23
Portfolio Status: Secondary
Initial Offer Date: 04/27/2018
Secondary Date: 07/25/2018
Portfolio Ending Date: 04/27/2020
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.9700
POP(*): $10.1994
Remaining Deferred Sales Charge: $0.0750
* As of Trade Date: 09/20/2018 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 * $0.4023
Subsequent Years * $0.4020
As of 09/17/2018
* 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 13.09%
Consumer Staples  Consumer Staples 5.64%
Energy  Energy 17.71%
Financials  Financials 19.00%
Health Care  Health Care 6.34%
Industrials  Industrials 6.17%
Information Technology  Information Technology 5.59%
Materials  Materials 3.90%
Real Estate  Real Estate 10.74%
Telecommunication Services  Telecommunication Services 4.25%
Utilities  Utilities 6.29%
Other  Other 1.28%
 
  Large Mid Small  
Growth  7.64% 11.69% 3.71%  
Value  35.97% 26.65% 13.06%  

 Style Weighting
Large-Cap Growth 7.64%
Large-Cap Value 35.97%
Mid-Cap Growth 11.69%
Mid-Cap Value 26.65%
Small-Cap Growth 3.71%
Small-Cap Value 13.06%
Undetermined 1.28%
 Composition
U.S. Stocks 82.19%   Other 1.28%
Non-U.S. Stocks 16.53%      
The style and sector characteristics of the portfolio are determined as of 09/19/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $52,372.55
Weighted Average Price/Earnings 11.63
Weighted Average Price/Book 1.83
As of 9/19/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Arbor Realty Trust, Inc. ABR Financials  Financials Small-Cap Value 2.61%
 Andeavor ANDV Energy  Energy Large-Cap Value 2.34%
 Pfizer Inc. PFE Health Care  Health Care Large-Cap Value 2.28%
 Cogent Communications Holdings, Inc. CCOI Telecommunication Services  Telecommunication Services Small-Cap Growth 2.28%
 Medical Properties Trust, Inc. MPW Real Estate  Real Estate Mid-Cap Value 2.26%
 CVS Health Corporation CVS Health Care  Health Care Large-Cap Value 2.24%
 Penske Automotive Group, Inc. PAG Consumer Discretionary  Consumer Discretionary Mid-Cap Value 2.21%
 Chesapeake Lodging Trust CHSP Real Estate  Real Estate Small-Cap Value 2.21%
 Altria Group, Inc. MO Consumer Staples  Consumer Staples Large-Cap Growth 2.20%
 The AES Corporation AES Utilities  Utilities Mid-Cap Value 2.17%
 CoreSite Realty Corporation COR Real Estate  Real Estate Mid-Cap Growth 2.17%
 CenterPoint Energy, Inc. CNP Utilities  Utilities Mid-Cap Value 2.16%
 Ryman Hospitality Properties, Inc. RHP Real Estate  Real Estate Mid-Cap Growth 2.14%
 Delta Air Lines, Inc. DAL Industrials  Industrials Large-Cap Value 2.12%
 M.D.C. Holdings, Inc. MDC Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.11%
 Aircastle Limited AYR Industrials  Industrials Small-Cap Value 2.08%
 Apollo Commercial Real Estate Finance, Inc. ARI Financials  Financials Small-Cap Value 2.08%
 New Residential Investment Corp. NRZ Financials  Financials Mid-Cap Value 2.07%
 FNF Group FNF Financials  Financials Mid-Cap Value 2.07%
 Six Flags Entertainment Corporation SIX Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.06%
 HollyFrontier Corporation HFC Energy  Energy Mid-Cap Value 2.04%
 Exxon Mobil Corporation XOM Energy  Energy Large-Cap Value 2.02%
 International Paper Company IP Materials  Materials Large-Cap Value 2.02%
 Broadcom Inc. AVGO Information Technology  Information Technology Large-Cap Value 2.02%
 International Business Machines Corporation IBM Information Technology  Information Technology Large-Cap Growth 1.99%
 AT&T Inc. T Telecommunication Services  Telecommunication Services Large-Cap Value 1.97%
 Costamare Inc. CMRE Industrials  Industrials Small-Cap Value 1.97%
 Public Service Enterprise Group Incorporated PEG Utilities  Utilities Large-Cap Value 1.96%
 Iron Mountain Incorporated IRM Real Estate  Real Estate Mid-Cap Growth 1.96%
 Total S.A. (ADR) TOT Energy  Energy Large-Cap Value 1.93%
 The Travelers Companies, Inc. TRV Financials  Financials Large-Cap Value 1.92%
 BP Plc (ADR) BP Energy  Energy Large-Cap Value 1.91%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 1.89%
 Prudential Financial, Inc. PRU Financials  Financials Large-Cap Value 1.89%
 LyondellBasell Industries N.V. LYB Materials  Materials Large-Cap Value 1.88%
 Marathon Petroleum Corporation MPC Energy  Energy Large-Cap Value 1.88%
 Phillips 66 PSX Energy  Energy Large-Cap Value 1.88%
 People's United Financial, Inc. PBCT Financials  Financials Mid-Cap Value 1.87%
 Cinemark Holdings, Inc. CNK Consumer Discretionary  Consumer Discretionary Mid-Cap Value 1.87%
 Principal Financial Group, Inc. PFG Financials  Financials Mid-Cap Value 1.86%
 Royal Dutch Shell Plc (Class B) (ADR) RDS/B Energy  Energy Large-Cap Value 1.82%
 AbbVie Inc. ABBV Health Care  Health Care Large-Cap Growth 1.82%
 The Interpublic Group of Companies, Inc. IPG Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 1.78%
 Bunge Limited BG Consumer Staples  Consumer Staples Mid-Cap Value 1.78%
 Flowers Foods, Inc. FLO Consumer Staples  Consumer Staples Mid-Cap Value 1.66%
 Las Vegas Sands Corp. LVS Consumer Discretionary  Consumer Discretionary Large-Cap Growth 1.63%
 Invesco Ltd. IVZ Financials  Financials Mid-Cap Value 1.58%
 Seagate Technology Plc STX Information Technology  Information Technology Mid-Cap Growth 1.58%
 Tupperware Brands Corporation TUP Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.43%
 Annaly Capital Management, Inc. NLY Financials  Financials Mid-Cap Value 1.05%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 09/19/2018 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 August 20, 2018
$0.07500 September 20, 2018
$0.07500 October 19, 2018

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.

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.

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.

Operational Risk. As the use of Internet technology has become more prevalent in the course of business, the trust has become more susceptible to potential operational risks through breaches in cyber security.

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.

Fund Cusip Information
30308C182 (Cash)
30308C190 (Reinvest)
30308C208 (Cash-Fee)
30308C216 (Reinvest-Fee)
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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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