Sabrient Defensive Equity Portfolio, Series 21
Sabrient Systems, LLC ("Sabrient") is an independent equity research firm that builds powerful
investment strategies by using a fundamentals-based, quantitative approach. The strategies are
used to create rankings and ratings on more than 7,000 stocks, indices, sectors, and ETFs. Their
models are designed to identify those companies that are anticipated to outperform or
underperform the market.
Historically, certain stocks have been able to outperform the market during periods in which the
market itself is declining. The Sabrient Defensive Equity Portfolio is a unit investment trust that
seeks to find companies that Sabrient believes are positioned to perform well in environments of
falling stock prices but also those companies that have the potential to provide solid performance
in rising markets. The stocks in the portfolio are selected by applying a seven-step investment
strategy process developed by Sabrient.
This unit investment trust seeks above-average capital appreciation; however, there is
no assurance the objective will be met. Although this portfolio 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.
Not FDIC Insured Not Bank Guaranteed May Lose Value
You should consider the portfolio's investment objectives, risks, and
charges and expenses carefully 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 portfolio. Read it carefully
before you invest.
An investment in this unmanaged unit investment trust should be
made with an understanding of the risks involved with owning common stocks, 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.
You should be aware that the portfolio is concentrated in stocks in the consumer products sector
which involves additional risks, including limited diversification. The companies engaged in the
consumer products industry are subject to global competition, changing government regulations
and trade policies, currency fluctuations, and the financial and political risks inherent in producing
products for foreign markets.
An investment in foreign securities should be made with an understanding of the additional risks
involved with foreign issuers, such as currency and interest rate fluctuations, nationalization or
other adverse political or economic developments, lack of liquidity of certain foreign markets,
withholding, the lack of adequate financial information, and exchange control restrictions
impacting foreign issuers.
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.
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.
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.