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Sabrient Rising Rate, 9  Ticker: FNICLX
 
Description
A unit investment trust that seeks above-average capital appreciation. The portfolio seeks to find companies that Sabrient believes are positioned to perform well in environments of rising Treasury yields. The stocks are selected for the trust by Sabrient Systems, LLC by applying a comprehensive investment strategy process.
 
Summary
Product Code: SBRR9
Portfolio Status: Secondary
Initial Offer Date: 08/17/2018
Secondary Date: 11/16/2018
Portfolio Ending Date: 08/17/2020
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Historical 12-Month Distribution Rate of Trust Holdings:^ 0.86%
Initial Offer Price: $10.0000
NAV(*): $7.6393
POP(*): $7.8152
Remaining Deferred Sales Charge: $0.1500
* As of Trade Date: 12/14/2018 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.
^There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical distribution rate of the securities included in the trust is for illustrative purposes only and is not indicative of the trust's distribution rate. The historical distribution rate is the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio and is reduced to account for the effects of fees and expenses which will be incurred when investing in a trust. The distribution rate paid by the trust may be higher or lower than the amount shown above due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, or the sale of securities in the portfolio.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 0.00%
Consumer Discretionary  Consumer Discretionary 8.74%
Consumer Staples  Consumer Staples 0.00%
Energy  Energy 3.45%
Financials  Financials 28.93%
Health Care  Health Care 9.24%
Industrials  Industrials 25.37%
Information Technology  Information Technology 11.06%
Materials  Materials 13.21%
Real Estate  Real Estate 0.00%
Utilities  Utilities 0.00%
Other  Other 0.00%
 
  Large Mid Small  
Growth  0.00% 14.59% 12.68%  
Value  18.58% 20.68% 33.47%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 18.58%
Mid-Cap Growth 14.59%
Mid-Cap Value 20.68%
Small-Cap Growth 12.68%
Small-Cap Value 33.47%
Undetermined 0.00%
 Composition
U.S. Stocks 91.01%   Other 0.00%
Non-U.S. Stocks 8.99%      
The style and sector characteristics of the portfolio are determined as of 12/14/2018 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $12,737.02
Weighted Average Price/Earnings 12.24
Weighted Average Price/Book 1.70
As of 12/13/2018
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Mellanox Technologies, Ltd. MLNX Information Technology  Information Technology Mid-Cap Growth 2.85%
 United Continental Holdings, Inc. UAL Industrials  Industrials Large-Cap Value 2.69%
 Amedisys, Inc. AMED Health Care  Health Care Mid-Cap Growth 2.66%
 Ulta Beauty, Inc. ULTA Consumer Discretionary  Consumer Discretionary Mid-Cap Growth 2.64%
 ESCO Technologies Inc. ESE Industrials  Industrials Small-Cap Growth 2.47%
 Horizon Pharma Plc HZNP Health Care  Health Care Small-Cap Growth 2.40%
 The Travelers Companies, Inc. TRV Financials  Financials Large-Cap Value 2.32%
 AAR CORP. AIR Industrials  Industrials Small-Cap Value 2.29%
 Allison Transmission Holdings, Inc. ALSN Industrials  Industrials Mid-Cap Growth 2.28%
 Quantenna Communications, Inc. QTNA Information Technology  Information Technology Small-Cap Growth 2.25%
 LPL Financial Holdings Inc. LPLA Financials  Financials Mid-Cap Growth 2.23%
 Centene Corporation CNC Health Care  Health Care Large-Cap Value 2.18%
 ON Semiconductor Corporation ON Information Technology  Information Technology Mid-Cap Value 2.15%
 Ashland Global Holdings Inc. ASH Materials  Materials Mid-Cap Value 2.13%
 Aaron's, Inc. AAN Consumer Discretionary  Consumer Discretionary Small-Cap Value 2.12%
 NMI Holdings, Inc. (Class A) NMIH Financials  Financials Small-Cap Value 2.07%
 Voya Financial, Inc. VOYA Financials  Financials Mid-Cap Value 2.06%
 MasterCraft Boat Holdings Inc. MCFT Consumer Discretionary  Consumer Discretionary Small-Cap Growth 2.06%
 TD Ameritrade Holding Corporation AMTD Financials  Financials Large-Cap Value 2.04%
 Commercial Metals Company CMC Materials  Materials Small-Cap Value 2.03%
 Jazz Pharmaceuticals Plc JAZZ Health Care  Health Care Mid-Cap Value 2.00%
 First Hawaiian, Inc. FHB Financials  Financials Small-Cap Value 2.00%
 Discover Financial Services DFS Financials  Financials Large-Cap Value 1.98%
 The Hartford Financial Services Group, Inc. HIG Financials  Financials Mid-Cap Value 1.97%
 Citigroup Inc. C Financials  Financials Large-Cap Value 1.96%
 DowDuPont Inc. DWDP Materials  Materials Large-Cap Value 1.96%
 NetApp, Inc. NTAP Information Technology  Information Technology Mid-Cap Growth 1.93%
 Del Taco Restaurants, Inc. TACO Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.92%
 First Midwest Bancorp, Inc. FMBI Financials  Financials Small-Cap Value 1.90%
 ArcBest Corporation ARCB Industrials  Industrials Small-Cap Value 1.90%
 Domtar Corporation UFS Materials  Materials Small-Cap Value 1.90%
 Huntington Bancshares Incorporated HBAN Financials  Financials Mid-Cap Value 1.89%
 KEMET Corporation KEM Information Technology  Information Technology Small-Cap Growth 1.88%
 Steel Dynamics, Inc. STLD Materials  Materials Mid-Cap Value 1.84%
 Continental Resources, Inc. CLR Energy  Energy Large-Cap Value 1.83%
 MRC Global Inc. MRC Industrials  Industrials Small-Cap Value 1.82%
 Hub Group, Inc. HUBG Industrials  Industrials Small-Cap Value 1.80%
 Schneider National, Inc. (Class B) SNDR Industrials  Industrials Small-Cap Value 1.79%
 Wabash National Corporation WNC Industrials  Industrials Small-Cap Value 1.74%
 KeyCorp KEY Financials  Financials Mid-Cap Value 1.74%
 Masonite International Corporation DOOR Industrials  Industrials Small-Cap Value 1.74%
 Comerica Incorporated CMA Financials  Financials Mid-Cap Value 1.72%
 United States Steel Corporation X Materials  Materials Mid-Cap Value 1.68%
 Wesco Aircraft Holdings, Inc. WAIR Industrials  Industrials Small-Cap Value 1.68%
 Century Aluminum Company CENX Materials  Materials Small-Cap Value 1.67%
 Valero Energy Corporation VLO Energy  Energy Large-Cap Value 1.62%
 Korn/Ferry International KFY Industrials  Industrials Small-Cap Growth 1.62%
 Virtus Investment Partners, Inc. VRTS Financials  Financials Small-Cap Value 1.55%
 Covenant Transportation Group, Inc. CVTI Industrials  Industrials Small-Cap Value 1.55%
 SVB Financial Group SIVB Financials  Financials Mid-Cap Value 1.50%
 
Total Number of Holdings:    50
Underlying Securities information represented above is as of 12/14/2018 but will vary with future fluctuations in the market.

 Deferred Sales Charge Schedule
Amount Date
$0.07500 November 20, 2018
$0.07500 December 20, 2018
$0.07500 January 18, 2019

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.

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.

Industrials Risk. The companies engaged in the industrials sector are subject to a deterioration in the general state of the economy, intense competition, domestic and international politics, excess capacity and changing spending trends.

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.

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
30309U702 (Cash)
30309U710 (Reinvest)
30309U728 (Cash-Fee)
30309U736 (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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