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Sabrient Small Cap Growth, 27  Ticker: FLEUMX
 
Description
This unit investment trust seeks above-average capital appreciation by investing in top-ranked small-cap stocks (at the time of their selection) that Sabrient believes are positioned to perform well in the coming year.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: SBSC27
Portfolio Status: Secondary
Initial Offer Date: 06/09/2020
Secondary Date: 09/04/2020
Portfolio Ending Date: 09/09/2021
Tax Structure: Regulated Investment Company
Distributions: Semi-Annual
 
Initial Offer Price: $10.0000
NAV(*): $11.7605
POP(*): $11.9215
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 11/27/2020 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.

 Historical 12-Month Distribution of Trust Holdings:^
Rate (as of 11/27/2020) Per Unit (as of 11/27/2020)
1.11% $0.13190
^ There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical 12-month distribution per unit and historical 12-month distribution rate of the securities included in the trust are for illustrative purposes only and are not indicative of the trust's distribution or distribution rate. Due to the negative economic impact across many industries caused by the recent COVID-19 outbreak, certain issuers of the securities included in the trust may elect to reduce the amount of dividends and/or distributions paid in the future. As a result, the "Historical 12-Month Distribution Rate of Trust Holdings," which is based on the trailing twelve-month distributions paid by the securities included in a trust, will likely be higher, and in some cases significantly higher, than the actual distribution rate achieved by the trust. The historical 12-month distribution per unit is based on the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio. The historical 12-month distribution rate is calculated by dividing the historical 12-month distributions by the trust's offering price. The historical 12-month distribution and rate are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit and 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. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital. PLEASE NOTE: For trusts that hold preferred securities, the historical distribution rate is calculated using only the holdings that have 12 months of distribution history. Any holdings without a 12 month history of dividends were excluded from the calculation.

 Holdings Analysis Click here to Perform a Benchmark Comparison  
 Sector Weighting
Communication Services  Communication Services 8.24%
Consumer Discretionary  Consumer Discretionary 3.19%
Consumer Staples  Consumer Staples 2.23%
Energy  Energy 3.35%
Financials  Financials 27.74%
Health Care  Health Care 7.18%
Industrials  Industrials 8.16%
Information Technology  Information Technology 33.76%
Materials  Materials 0.00%
Real Estate  Real Estate 5.66%
Utilities  Utilities 0.00%
Other  Other 0.49%
 
  Large Mid Small  
Growth  0.00% 0.00% 56.04%  
Value  0.00% 2.10% 41.37%  

 Style Weighting
Large-Cap Growth 0.00%
Large-Cap Value 0.00%
Mid-Cap Growth 0.00%
Mid-Cap Value 2.10%
Small-Cap Growth 56.04%
Small-Cap Value 41.37%
Undetermined 0.49%
 Composition
U.S. Stocks 89.29%   Other 0.49%
Non-U.S. Stocks 10.22%      
The style and sector characteristics of the portfolio are determined as of 11/27/2020 and will likely vary thereafter due to market fluctuations in the underlying securities.  

 Key Stats
Weighted Average Market Cap $1,828.46
Price/Earnings 14.60
Price/Book 1.61
As of 11/27/2020
All market capitalization numbers are in USD$ Millions

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolSectorStyleWeighting
 Digital Turbine, Inc. APPS Information Technology  Information Technology Small-Cap Growth 7.94%
 Calix, Inc. CALX Information Technology  Information Technology Small-Cap Growth 3.47%
 Innovative Industrial Properties, Inc. IIPR Real Estate  Real Estate Small-Cap Growth 3.37%
 R1 RCM Inc. RCM Health Care  Health Care Small-Cap Growth 3.22%
 National General Holdings Corp. NGHC Financials  Financials Small-Cap Value 3.00%
 Digi International Inc. DGII Information Technology  Information Technology Small-Cap Value 2.97%
 NV5 Global, Inc. NVEE Industrials  Industrials Small-Cap Growth 2.93%
 Atlas Air Worldwide Holdings, Inc. AAWW Industrials  Industrials Small-Cap Value 2.86%
 MACOM Technology Solutions Holdings, Inc. MTSI Information Technology  Information Technology Small-Cap Growth 2.76%
 Focus Financial Partners Inc. (Class A) FOCS Financials  Financials Small-Cap Growth 2.76%
 Pacira BioSciences Inc. PCRX Health Care  Health Care Small-Cap Growth 2.71%
 Ultra Clean Holdings, Inc. UCTT Information Technology  Information Technology Small-Cap Growth 2.68%
 Customers Bancorp, Inc. CUBI Financials  Financials Small-Cap Value 2.50%
 NMI Holdings, Inc. (Class A) NMIH Financials  Financials Small-Cap Value 2.41%
 AeroVironment, Inc. AVAV Industrials  Industrials Small-Cap Growth 2.37%
 Flagstar Bancorp, Inc. FBC Financials  Financials Small-Cap Value 2.36%
 James River Group Holdings, Ltd. JRVR Financials  Financials Small-Cap Value 2.34%
 First Foundation Inc. FFWM Financials  Financials Small-Cap Value 2.34%
 Lions Gate Entertainment Corp. (Class A) LGF/A Communication Services  Communication Services Small-Cap Value 2.32%
 Community Healthcare Trust Incorporated CHCT Real Estate  Real Estate Small-Cap Growth 2.29%
 PRA Group, Inc. PRAA Financials  Financials Small-Cap Value 2.26%
 Glu Mobile Inc. GLUU Communication Services  Communication Services Small-Cap Growth 2.24%
 Hostess Brands, Inc. TWNK Consumer Staples  Consumer Staples Small-Cap Value 2.23%
 ChannelAdvisor Corporation ECOM Information Technology  Information Technology Small-Cap Growth 2.22%
 SMART Global Holdings, Inc. SGH Information Technology  Information Technology Small-Cap Growth 2.21%
 Cornerstone OnDemand, Inc. CSOD Information Technology  Information Technology Small-Cap Growth 2.17%
 Virtu Financial, Inc. (Class A) VIRT Financials  Financials Mid-Cap Value 2.10%
 Investors Bancorp, Inc. ISBC Financials  Financials Small-Cap Value 2.06%
 Sciplay Corporation (Class A) SCPL Communication Services  Communication Services Small-Cap Growth 2.02%
 Brighthouse Financial, Inc. BHF Financials  Financials Small-Cap Value 2.00%
 Box, Inc. (Class A) BOX Information Technology  Information Technology Small-Cap Growth 1.97%
 DSP Group, Inc. DSPG Information Technology  Information Technology Small-Cap Growth 1.93%
 PetMed Express, Inc. PETS Consumer Discretionary  Consumer Discretionary Small-Cap Growth 1.80%
 DHT Holdings, Inc. DHT Energy  Energy Small-Cap Value 1.75%
 Limelight Networks, Inc. LLNW Information Technology  Information Technology Small-Cap Growth 1.73%
 NeoPhotonics Corporation NPTN Information Technology  Information Technology Small-Cap Value 1.71%
 Consolidated Communications Holdings, Inc. CNSL Communication Services  Communication Services Small-Cap Value 1.66%
 Heritage Insurance Holdings, Inc. HRTG Financials  Financials Small-Cap Value 1.61%
 Euronav N.V. EURN Energy  Energy Small-Cap Value 1.60%
 Perdoceo Education Corp. PRDO Consumer Discretionary  Consumer Discretionary Small-Cap Value 1.39%
 Zynex, Inc. ZYXI Health Care  Health Care Small-Cap Growth 1.25%
 
Total Number of Holdings:    41
Underlying Securities information represented above is as of 11/27/2020 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.

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

COVID-19 Economic Impact Risk. The recent outbreak of a respiratory disease designated as COVID-19 was first detected in China in December 2019. The global economic impact of the COVID-19 outbreak is impossible to predict but is expected to disrupt manufacturing, supply chains and sales in affected areas and negatively impact global economic growth prospects. The COVID-19 outbreak has also caused significant volatility and declines in global financial markets, which have caused losses for investors. The impact of the COVID-19 outbreak may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.

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.

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.

Technology Risk. The companies engaged in the information technology sector are subject to fierce competition, high research and development costs, and their products and services may be subject to rapid obsolescence. Technology company stocks, especially those which are Internet-related, may experience extreme price and volume fluctuations that are often unrelated to their operating performance.

Term Risk - 15 months. Although this unit investment trust terminates in approximately 15 months, 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.

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 cybersecurity.

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 professional 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
30314H142 (Cash)
30314H159 (Reinvest)
30314H167 (Cash-Fee)
30314H175 (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, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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